                                    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)


                            MORGAN STANLEY ABS CAPITAL I INC.
             (as Depositor under the Pooling and Servicing Agreement, dated as
                     February 1, 2005, providing for the issuance of
           Morgan Stanley ABS Capital I Inc. Trust, Mortgage Pass-Through
                            Certificates Series 2005-WMC1)
                (Exact name of registrant as specified in charter)


                                         DELAWARE
                     (State or Other Jurisdiction of Incorporation)

               333-113543-25                        13-3939229
          (Commission File Number)        (I.R.S. Employer Identification No.)


           1585 BROADWAY, 2ND FLOOR
           NEW YORK, NEW YORK                             10036
          (Address of principal executive offices)     (Zip Code)


          Registrant's Telephone Number, Including Area Code:  (212) 761-4000


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


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

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

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

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

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


     Item 8.01 Other Events.

     This current report on Form 8-K relates to the monthly distribution
     reported to the holders of Morgan Stanley ABS Capital I Inc.
     Trust, Mortgage Pass-Through Certificates Series 2005-WMC1,which
     was made on February 1, 2005


     Item 9.01 Financial Statements and Exhibits.

     (c) Exhibits

     Exhibit No. Description

     99.1 Monthly Remittance Statement to the Certificateholders dated as of
     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 behalf
    of the Registrant by the undersigned thereunto duly authorized.



                                         DEUTSCHE BANK NATIONAL TRUST
                                         COMPANY, IN ITS CAPACITY AS
                                         TRUSTEE UNDER THE POOLING AND
                                         SERVICING AGREEMENT ON BEHALF
                                         OF MORGAN STANLEY ABS CAPITAL
                                         I INC., REGISTRANT



          Date:  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.



Morgan Stanley ABS Capital I Inc. 2005-WMC1

Mortgage Pass-Through Certificates

2005-WMC1

July 25, 2005 Distribution

				External Parties						Table of Contents

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

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

										6. REO Report					13

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

										10. Realized Loss Report					26
										11. Realized Loss Detail Report					29
				Servicer(s)
										12. Triggers and Adj. Cert. Report					30
				Countrywide Home Loans Srvc LP
										13. Other Related Information					31



				Underwriter(s)
				Morgan Stanley


										Total Number of Pages					31


				Dates						Contacts

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

										Address:
										1761 East St. Andrew Place, Santa Ana, CA 92514
				Distribution Date:			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

				Note: Although Countrywide has revised the May and June distribution
				delinquency data,the statements will not be revised.




Page 1 of 31
Morgan Stanley ABS Capital I Inc. 2005-WMC1

Mortgage Pass-Through Certificates

2005-WMC1

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-1SS		$	425,115,000.00		379,268,533.52		1,102,329.66		20,103,543.44		21,205,873.10		0.00		0.00		359,164,990.08

A-1MZ		$	106,279,000.00		94,817,356.50		265,811.61		5,025,897.67		5,291,709.28		0.00		0.00		89,791,458.83
A-2A		$	166,533,000.00		120,298,175.89		319,467.31		19,847,732.26		20,167,199.57		0.00		0.00		100,450,443.63
A-2B		$	185,000,000.00		185,000,000.00		508,558.01		0.00		508,558.01		0.00		0.00		185,000,000.00
A-2C		$	37,000,000.00		37,000,000.00		105,452.71		0.00		105,452.71		0.00		0.00		37,000,000.00
M-1		$	39,024,000.00		39,024,000.00		114,863.50		0.00		114,863.50		0.00		0.00		39,024,000.00
M-2		$	35,006,000.00		35,006,000.00		103,581.43		0.00		103,581.43		0.00		0.00		35,006,000.00
M-3		$	22,382,000.00		22,382,000.00		66,749.74		0.00		66,749.74		0.00		0.00		22,382,000.00
M-4		$	20,085,000.00		20,085,000.00		62,555.09		0.00		62,555.09		0.00		0.00		20,085,000.00
M-5		$	18,364,000.00		18,364,000.00		57,766.33		0.00		57,766.33		0.00		0.00		18,364,000.00
M-6		$	17,217,000.00		17,217,000.00		55,095.66		0.00		55,095.66		0.00		0.00		17,217,000.00
B-1		$	16,069,000.00		16,069,000.00		56,671.19		0.00		56,671.19		0.00		0.00		16,069,000.00
B-2		$	12,625,000.00		12,625,000.00		45,310.65		0.00		45,310.65		0.00		0.00		12,625,000.00
B-3		$	12,625,000.00		12,625,000.00		53,657.18		0.00		53,657.18		0.00		0.00		12,625,000.00
X		$	34,433,233.00		34,432,717.17		2,774,961.37		0.00		2,774,961.37		0.00		0.00		34,432,717.17
R		$	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
P		$	0.00		0.00		713,077.39		0.00		713,077.39		0.00		0.00		0.00

Total			1,147,757,233.00		1,044,213,783.08		6,405,908.83		44,977,173.37		51,383,082.20		0.00		0.00		999,236,609.71





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

	Period		Period						(with Notional)		Principal						Total	Principal

Class	Starting		Ending		Method		Cusip		Balance		Balance		Interest		Principal		Distribution	Balance

									(1)		(1)		(2)		(3)		(4)=(2)+(3)	(5)
A-1SS	06/27/05		07/24/05		A-Act/360		61744CLP9		425,115,000.00		892.155143		2.593015		47.289659		49.882674	844.865484
A-1MZ	06/27/05		07/24/05		A-Act/360		61744CLQ7		106,279,000.00		892.155144		2.501074		47.289659		49.790733	844.865485
A-2A	06/27/05		07/24/05		A-Act/360		61744CLR5		166,533,000.00		722.368395		1.918342		119.181978		121.100320	603.186417
A-2B	06/27/05		07/24/05		A-Act/360		61744CLS3		185,000,000.00		1,000.000000		2.748962		0.000000		2.748962	1,000.000000
A-2C	06/27/05		07/24/05		A-Act/360		61744CLT1		37,000,000.00		1,000.000000		2.850073		0.000000		2.850073	1,000.000000
M-1	06/27/05		07/24/05		A-Act/360		61744CLU8		39,024,000.00		1,000.000000		2.943407		0.000000		2.943407	1,000.000000
M-2	06/27/05		07/24/05		A-Act/360		61744CLV6		35,006,000.00		1,000.000000		2.958962		0.000000		2.958962	1,000.000000
M-3	06/27/05		07/24/05		A-Act/360		61744CLW4		22,382,000.00		1,000.000000		2.982296		0.000000		2.982296	1,000.000000
M-4	06/27/05		07/24/05		A-Act/360		61744CLX2		20,085,000.00		1,000.000000		3.114518		0.000000		3.114518	1,000.000000
M-5	06/27/05		07/24/05		A-Act/360		61744CLY0		18,364,000.00		1,000.000000		3.145629		0.000000		3.145629	1,000.000000
M-6	06/27/05		07/24/05		A-Act/360		61744CLZ7		17,217,000.00		1,000.000000		3.200073		0.000000		3.200073	1,000.000000
B-1	06/27/05		07/24/05		A-Act/360		61744CMA1		16,069,000.00		1,000.000000		3.526740		0.000000		3.526740	1,000.000000
B-2	06/27/05		07/24/05		A-Act/360		61744CMB9		12,625,000.00		1,000.000000		3.588962		0.000000		3.588962	1,000.000000
B-3	06/27/05		07/24/05		A-Act/360		61744CMC7		12,625,000.00		1,000.000000		4.250074		0.000000		4.250074	1,000.000000
X	06/27/05		07/24/05		A-Act/360				34,433,233.00		999.985019		80.589626		0.000000		80.589626	999.985019
R	06/25/05		07/24/05				0.00		0.000000		0.000000		0.000000		0.000000		0.000000
P	06/25/05		07/24/05				0.00		0.000000		0.000000		0.000000		0.000000		0.000000



Page 2 of 31
Morgan Stanley ABS Capital I Inc. 2005-WMC1

Mortgage Pass-Through Certificates

2005-WMC1

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-1SS	425,115,000.00		5,773,983.48		64,404,093.74		1,545,916.18		65,950,009.92		71,723,993.40		0.00		0.00		359,164,990.08
A-1MZ	106,279,000.00		1,387,111.59		16,101,061.21		386,479.95		16,487,541.17		17,874,652.76		0.00		0.00		89,791,458.83
A-2A	166,533,000.00		1,869,026.92		64,489,873.00		1,592,683.37		66,082,556.37		67,951,583.29		0.00		0.00		100,450,443.63
A-2B	185,000,000.00		2,481,685.79		0.00		0.00		0.00		2,481,685.79		0.00		0.00		185,000,000.00
A-2C	37,000,000.00		516,512.43		0.00		0.00		0.00		516,512.43		0.00		0.00		37,000,000.00
M-1	39,024,000.00		564,409.14		0.00		0.00		0.00		564,409.14		0.00		0.00		39,024,000.00
M-2	35,006,000.00		509,232.90		0.00		0.00		0.00		509,232.90		0.00		0.00		35,006,000.00
M-3	22,382,000.00		328,407.76		0.00		0.00		0.00		328,407.76		0.00		0.00		22,382,000.00
M-4	20,085,000.00		309,025.95		0.00		0.00		0.00		309,025.95		0.00		0.00		20,085,000.00
M-5	18,364,000.00		285,627.86		0.00		0.00		0.00		285,627.86		0.00		0.00		18,364,000.00
M-6	17,217,000.00		272,842.89		0.00		0.00		0.00		272,842.89		0.00		0.00		17,217,000.00
B-1	16,069,000.00		282,958.41		0.00		0.00		0.00		282,958.41		0.00		0.00		16,069,000.00
B-2	12,625,000.00		226,549.53		0.00		0.00		0.00		226,549.53		0.00		0.00		12,625,000.00
B-3	12,625,000.00		271,561.17		0.00		0.00		0.00		271,561.17		0.00		0.00		12,625,000.00
X	34,433,233.00		15,260,616.85		489.36		26.56		515.92		15,261,132.77		0.00		0.00		34,432,717.17
R	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
P	0.00		2,092,361.88		0.00		0.00		0.00		2,092,361.88		0.00		0.00		0.00

Total	1,147,757,233.00		32,431,914.55		144,995,517.31		3,525,106.06		148,520,623.38		180,952,537.93		0.00		0.00		999,236,609.71


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


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

Class	Rate		Balance		Interest		Interest SF		Interest		Adjustment		Interest		Interest		Interest
					(1)		(2)		(3)		(4)		(5)=(1)-(2)+(3)+(4)		(6)		(7)=(5)-(6)
A-1SS	3.73688%		379,268,533.52		1,102,329.66		0.00		0.00		0.00		1,102,329.66		1,102,329.66		0.00
A-1MZ	3.60438%		94,817,356.50		265,811.61		0.00		0.00		0.00		265,811.61		265,811.61		0.00
A-2A	3.41438%		120,298,175.89		319,467.31		0.00		0.00		0.00		319,467.31		319,467.31		0.00
A-2B	3.53438%		185,000,000.00		508,558.01		0.00		0.00		0.00		508,558.01		508,558.01		0.00
A-2C	3.66438%		37,000,000.00		105,452.71		0.00		0.00		0.00		105,452.71		105,452.71		0.00
M-1	3.78438%		39,024,000.00		114,863.50		0.00		0.00		0.00		114,863.50		114,863.50		0.00
M-2	3.80438%		35,006,000.00		103,581.43		0.00		0.00		0.00		103,581.43		103,581.43		0.00
M-3	3.83438%		22,382,000.00		66,749.74		0.00		0.00		0.00		66,749.74		66,749.74		0.00
M-4	4.00438%		20,085,000.00		62,555.09		0.00		0.00		0.00		62,555.09		62,555.09		0.00
M-5	4.04438%		18,364,000.00		57,766.33		0.00		0.00		0.00		57,766.33		57,766.33		0.00
M-6	4.11438%		17,217,000.00		55,095.66		0.00		0.00		0.00		55,095.66		55,095.66		0.00
B-1	4.53438%		16,069,000.00		56,671.19		0.00		0.00		0.00		56,671.19		56,671.19		0.00
B-2	4.61438%		12,625,000.00		45,310.65		0.00		0.00		0.00		45,310.65		45,310.65		0.00
B-3	5.46438%		12,625,000.00		53,657.18		0.00		0.00		0.00		53,657.18		53,657.18		0.00
X	103.61679%		34,432,717.17		2,589,963.95		0.00		0.00		0.00		2,850,607.03		2,774,961.37		75,645.66
R	0.00000%		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
P	0.00000%		0.00		0.00		0.00		0.00		0.00		0.00		713,077.39		0.00

Total			1,044,213,783.08		5,507,834.02		0.00		0.00		0.00		5,768,477.10		6,405,908.83		75,645.66



Page 3 of 31
Morgan Stanley ABS Capital I Inc. 2005-WMC1

Mortgage Pass-Through Certificates

2005-WMC1

July 25, 2005 Distribution
Collection Account Report
SUMMARY

										Group 2		Group 1		Total
Principal Collections										19,825,738.29		25,101,594.20		44,927,332.49
Principal Withrawals										0.00		0.00		0.00
Principal Other Accounts										0.00		0.00		0.00
TOTAL NET PRINCIPAL										19,825,738.29		25,101,594.20		44,927,332.49
Interest Collections										2,421,255.37		3,393,433.64		5,814,689.01
Interest Withdrawals										-0.00		-3,271.50		-3,271.50
Interest Other Accounts										0.00		0.00		713,077.39
Interest Fees										-27,578.20		-41,109.21		-68,745.28
TOTAL NET INTEREST										2,393,677.17		3,349,052.93		6,455,749.62
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION										22,219,415.46		28,450,647.13		51,383,082.11



PRINCIPAL - COLLECTIONS

											Group 2		Group 1		Total
Scheduled Principal Received											207,736.02		455,102.54		662,838.56
Prepayments In Full											19,603,202.98		24,624,681.94		44,227,884.92
Curtailments											14,799.29		21,809.72		36,609.01
Liquidations											0.00		49,840.88		49,840.88
Insurance Principal											0.00		0.00		0.00
Repurchased Principal Amounts											0.00		0.00		0.00
Other Principal											0.00		0.00		0.00
Total Realized Loss Of Principal											-0.00		-49,840.88		-49,840.88
Delinquent Principal											-188,698.45		-400,343.63		-589,042.08
Advanced Principal											188,698.45		400,343.63		589,042.08
TOTAL PRINCIPAL COLLECTED											19,825,738.29		25,101,594.20		44,927,332.49


PRINCIPAL - WITHDRAWALS

SPACE INTENTIONALLY LEFT BLANK



PRINCIPAL - OTHER ACCOUNTS

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





Page 4 of 31
Morgan Stanley ABS Capital I Inc. 2005-WMC1

Mortgage Pass-Through Certificates

2005-WMC1

July 25, 2005 Distribution

INTEREST - COLLECTIONS

										Group 2		Group 1		Total
Scheduled Interest										2,577,856.80		3,606,299.66		6,184,156.46
Liquidation Interest										0.00		414.93		414.93
Repurchased Interest										0.00		0.00		0.00
Insurance Interest										0.00		0.00		0.00
Other Interest										0.00		0.00		0.00
Relief Act Interest Shortfalls										-0.00		-0.00		-0.00
Prepayment Interest Shortfalls										-66,497.77		-77,910.03		-144,407.80
Compensating Interest										66,497.77		77,910.04		144,407.81
Delinquent Interest										-2,206,452.66		-3,044,706.72		-5,251,159.38
Interest Advanced										2,049,851.22		2,831,425.76		4,881,276.98
TOTAL INTEREST COLLECTED										2,421,255.37		3,393,433.64		5,814,689.01


INTEREST - WITHDRAWALS

										Group 2		Group 1		Total
Nonrecoverable Advances										0.00		0.00		0.00
TOTAL INTEREST REALIZED LOSS										0.00		3,271.50		3,271.50



INTEREST - OTHER ACCOUNTS

										Group 2		Group 1		Total
Prepayment Charges														713,077.39
TOTAL INTEREST OTHER ACCOUNTS										0.00		0.00		713,077.39



INTEREST - FEES

										Group 2		Group 1		Total
Current Servicing Fees										26,116.45		39,090.24		65,206.70
Current Trustee Fees										1,461.74		2,018.97		3,480.71
Current Custodian Fees														57.88
TOTAL INTEREST OTHER FEES										27,578.20		41,109.21		68,745.28




Page 5 of 31
Morgan Stanley ABS Capital I Inc. 2005-WMC1

Mortgage Pass-Through Certificates

2005-WMC1

July 25, 2005 Distribution
Credit Enhancement Report
ACCOUNTS

SPACE INTENTIONALLY LEFT BLANK



INSURANCE

SPACE INTENTIONALLY LEFT BLANK



STRUCTURAL FEATURES

										Group 2		Group 1		Total
Overcollateralization Amount														34,432,717.08
Overcollateralization Target Amount														34,432,716.99
Overcollateralization Deficiency Amount														49,840.88
Overcollateralization Release Amount														0.00




Page 6 of 31
Morgan Stanley ABS Capital I Inc. 2005-WMC1

Mortgage Pass-Through Certificates

2005-WMC1

July 25, 2005 Distribution
Collateral Report


COLLATERAL



											Group 2		Group 1		Total



Loan Count:


Original										1,843		4,471		6,314
Prior										1,689		4,141		5,830
Prefunding										0		0		0
Scheduled Paid Offs										-0		-0		-0
Full Voluntary Prepayments										-72		-155		-227
Repurchases										-0		-0		-0
Liquidations										-0		-1		-1
Current										1,617		3,985		5,602
Principal Balance:


Original										484,757,697.00		662,999,209.14		1,147,756,906.14
Prior										438,522,931.81		605,690,851.18		1,044,213,782.99
Prefunding										0.00		0.00		0.00
Scheduled Principal										-207,736.02		-455,102.54		-662,838.56
Partial Prepayments										-14,799.29		-21,809.72		-36,609.01
Full Voluntary Prepayments										-19,603,202.98		-24,624,681.94		-44,227,884.92
Repurchases										-0.00		-0.00		-0.00
Liquidations										-0.00		-49,840.88		-49,840.88
Current										418,697,193.52		580,539,416.10		999,236,609.62





PREFUNDING

SPACE INTENTIONALLY LEFT BLANK






Page 7 of 31
Morgan Stanley ABS Capital I Inc. 2005-WMC1

Mortgage Pass-Through Certificates

2005-WMC1

July 25, 2005 Distribution

CHARACTERISTICS

										Group 2		Group 1		Total
Weighted Average Coupon Original										7.08734%		7.15842%		7.12840%
Weighted Average Coupon Prior										7.05414%		7.15284%		7.11141%
Weighted Average Coupon Current										7.05420%		7.14565%		7.10725%
Weighted Average Months to Maturity Original										332		340		336
Weighted Average Months to Maturity Prior										328		336		333
Weighted Average Months to Maturity Current										327		335		332
Weighted Avg Remaining Amortization Term Original										332		340		336
Weighted Avg Remaining Amortization Term Prior										328		336		333
Weighted Avg Remaining Amortization Term Current										327		335		332
Weighted Average Seasoning Original										4.26		4.24		4.25
Weighted Average Seasoning Prior										7.26		7.24		7.25
Weighted Average Seasoning Current										8.26		8.24		8.25









Page 8 of 31
Morgan Stanley ABS Capital I Inc. 2005-WMC1

Mortgage Pass-Through Certificates

2005-WMC1

July 25, 2005 Distribution

ARM CHARACTERISTICS

										Group 2		Group 1		Total
Weighted Average Margin Original										6.02245%		6.17056%		6.10677%
Weighted Average Margin Prior										5.99180%		6.15913%		6.08741%
Weighted Average Margin Current										5.98698%		6.15564%		6.08330%
Weighted Average Max Rate Original										13.11994%		13.36422%		13.25902%
Weighted Average Max Rate Prior										13.07435%		13.34750%		13.23043%
Weighted Average Max Rate Current										13.07133%		13.33926%		13.22434%
Weighted Average Min Rate Original										6.61896%		6.86228%		6.75750%
Weighted Average Min Rate Prior										6.57351%		6.84571%		6.72904%
Weighted Average Min Rate Current										6.57046%		6.83758%		6.72300%
Weighted Average Cap Up Original										1.00228%		1.00798%		1.00553%
Weighted Average Cap Up Prior										1.00229%		1.00820%		1.00566%
Weighted Average Cap Up Current										1.00237%		1.00796%		1.00556%
Weighted Average Cap Down Original										1.00228%		1.00798%		1.00553%
Weighted Average Cap Down Prior										1.00229%		1.00820%		1.00566%
Weighted Average Cap Down Current										1.00237%		1.00796%		1.00556%




SERVICING FEES & ADVANCES

											Group 2		Group 1		Total




Current Servicing Fees										26,116.45		39,090.24		65,206.70
Delinquent Servicing Fees										156,601.43		213,280.94		369,882.37
TOTAL SERVICING FEES										182,717.89		252,371.19		435,089.08


Compensating Interest										-66,497.77		-77,910.04		-144,407.81
Delinquent Servicing Fees										-156,601.43		-213,280.94		-369,882.37
COLLECTED SERVICING FEES										59,991.16		(38,819.79)		(79,201.10)


Aggregate Advances with respect to this Distribution										1,707,316.22		2,433,899.66		4,141,215.89





ADDITIONAL COLLATERAL INFORMATION
										Group 2		Group 1		Total
Net Prepayment Interest Shortfall										0.00		0.00		0.00
Libor For Current Period														3.31438000%
Libor For Next Period														3.46000000%




Page 9 of 31
Morgan Stanley ABS Capital I Inc. 2005-WMC1

Mortgage Pass-Through Certificates

2005-WMC1

July 25, 2005 Distribution
Delinquency Report

	TOTAL
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				19,681,402.86		4,979,578.68		5,888,117.17		30,549,098.71
			% Balance				1.97%		0.50%		0.59%		3.06%
			# Loans				113		38		48		199
			% # Loans				2.02%		0.68%		0.86%		3.55%
	FORECLOSURE		Balance		0.00		0.00		3,365,305.86		12,941,693.78		16,306,999.64
			% Balance		0.00%		0.00%		0.34%		1.30%		1.63%
			# Loans		0		0		18		42		60
			% # Loans		0.00%		0.00%		0.32%		0.75%		1.07%
	BANKRUPTCY		Balance		599,761.25		128,475.24		305,619.87		1,243,884.46		2,277,740.82
			% Balance		0.06%		0.01%		0.03%		0.12%		0.23%
			# Loans		3		1		1		10		15
			% # Loans		0.05%		0.02%		0.02%		0.18%		0.27%
	REO		Balance		0.00		0.00		0.00		474,370.30		474,370.30
			% Balance		0.00%		0.00%		0.00%		0.05%		0.05%
			# Loans		0		0		0		4		4
			% # Loans		0.00%		0.00%		0.00%		0.07%		0.07%
	TOTAL		Balance		599,761.25		19,809,878.10		8,650,504.41		20,548,065.71		49,608,209.47
			% Balance		0.06%		1.98%		0.87%		2.06%		4.96%
			# Loans		3		114		57		104		278
			% # Loans		0.05%		2.03%		1.02%		1.86%		4.96%









Page 10 of 31
Morgan Stanley ABS Capital I Inc. 2005-WMC1

Mortgage Pass-Through Certificates

2005-WMC1

July 25, 2005 Distribution


	GROUP 1
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				10,489,091.85		2,443,411.70		2,443,094.12		15,375,597.67
			% Balance				1.81%		0.42%		0.42%		2.65%
			# Loans				73		24		24		121
			% # Loans				1.83%		0.60%		0.60%		3.04%
	FORECLOSURE		Balance		0.00		0.00		2,188,262.94		4,561,322.19		6,749,585.13
			% Balance		0.00%		0.00%		0.38%		0.79%		1.16%
			# Loans		0		0		14		19		33
			% # Loans		0.00%		0.00%		0.35%		0.48%		0.83%
	BANKRUPTCY		Balance		148,651.47		0.00		305,619.87		985,756.66		1,440,028.00
			% Balance		0.03%		0.00%		0.05%		0.17%		0.25%
			# Loans		2		0		1		8		11
			% # Loans		0.05%		0.00%		0.03%		0.20%		0.28%
	REO		Balance		0.00		0.00		0.00		474,370.30		474,370.30
			% Balance		0.00%		0.00%		0.00%		0.08%		0.08%
			# Loans		0		0		0		4		4
			% # Loans		0.00%		0.00%		0.00%		0.10%		0.10%
	TOTAL		Balance		148,651.47		10,489,091.85		4,937,294.51		8,464,543.27		24,039,581.10
			% Balance		0.03%		1.81%		0.85%		1.46%		4.14%
			# Loans		2		73		39		55		169
			% # Loans		0.05%		1.83%		0.98%		1.38%		4.24%










Page 11 of 31
Morgan Stanley ABS Capital I Inc. 2005-WMC1

Mortgage Pass-Through Certificates

2005-WMC1

July 25, 2005 Distribution

	GROUP 2
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				9,192,311.01		2,536,166.98		3,445,023.05		15,173,501.04
			% Balance				2.20%		0.61%		0.82%		3.62%
			# Loans				40		14		24		78
			% # Loans				2.47%		0.87%		1.48%		4.82%
	FORECLOSURE		Balance		0.00		0.00		1,177,042.92		8,380,371.59		9,557,414.51
			% Balance		0.00%		0.00%		0.28%		2.00%		2.28%
			# Loans		0		0		4		23		27
			% # Loans		0.00%		0.00%		0.25%		1.42%		1.67%
	BANKRUPTCY		Balance		451,109.78		128,475.24		0.00		258,127.80		837,712.82
			% Balance		0.11%		0.03%		0.00%		0.06%		0.20%
			# Loans		1		1		0		2		4
			% # Loans		0.06%		0.06%		0.00%		0.12%		0.25%
	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		451,109.78		9,320,786.25		3,713,209.90		12,083,522.44		25,568,628.37
			% Balance		0.11%		2.23%		0.89%		2.89%		6.11%
			# Loans		1		41		18		49		109
			% # Loans		0.06%		2.54%		1.11%		3.03%		6.74%









Page 12 of 31
Morgan Stanley ABS Capital I Inc. 2005-WMC1

Mortgage Pass-Through Certificates

2005-WMC1

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
11029292 1
			15,000.00		14,944.45		01-Nov-2004		10.500%		MI - 20.00%		180		01-Nov-2004

11030337 1			46,500.00		46,173.30		01-Dec-2004		7.990%		MI - 84.55%		360		01-Oct-2004
11050272 1			216,000.00		214,660.30		01-Jan-2005		8.000%		GA - 90.00%		360		01-Nov-2004
11066808 1			200,000.00		198,592.25		01-Dec-2004		6.740%		TX - 80.00%		360		01-Dec-2004


TOTAL			477,500.00		474,370.30


Page 13 of 31
Morgan Stanley ABS Capital I Inc. 2005-WMC1

Mortgage Pass-Through Certificates

2005-WMC1

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
11021786 1
			202,500.00		201,615.49		01-Mar-2005		9.130%		OH - 90.00%		360		01-Dec-2004

11029915 1			154,700.00		153,931.60		01-Mar-2005		9.625%		MI - 85.00%		360		01-Oct-2004
11031184 1			212,000.00		210,475.13		01-Jan-2005		7.250%		CA - 80.00%		360		01-Oct-2004
11031961 1			304,000.00		301,621.42		01-Feb-2005		7.375%		CA - 95.00%		360		01-Oct-2004
11042213 1			320,000.00		317,463.88		01-Dec-2004		6.750%		NY - 80.00%		360		01-Nov-2004
11042388 1			208,000.00		206,540.08		01-Feb-2005		7.375%		GA - 80.00%		360		01-Nov-2004
11052955 1			69,200.00		68,724.10		01-Jan-2005		6.860%		ID - 80.00%		360		01-Nov-2004
11054398 1			109,200.00		108,425.14		01-Mar-2005		6.875%		IL - 80.00%		360		01-Dec-2004
11054613 1			50,400.00		50,129.08		01-Mar-2005		8.125%		MT - 90.00%		360		01-Dec-2004
11055024 1			213,600.00		211,865.52		01-Mar-2005		5.990%		CA - 80.00%		360		01-Dec-2004
11056632 1			142,304.00		141,203.92		01-Mar-2005		6.250%		IN - 80.00%		360		01-Dec-2004
11057481 1			76,000.00		75,466.14		01-Dec-2004		6.750%		WI - 79.17%		360		01-Dec-2004
11059616 1			340,000.00		337,885.18		01-Dec-2004		7.375%		NY - 80.00%		360		01-Dec-2004
11060880 1			169,600.00		168,470.40		01-Dec-2004		7.025%		FL - 80.00%		360		01-Dec-2004
11061039 1			228,650.00		227,748.71		01-Dec-2004		9.625%		MA - 85.00%		360		01-Dec-2004
11061226 1			259,000.00		257,612.05		01-Dec-2004		8.125%		CA - 92.50%		360		01-Dec-2004
11061301 1			95,400.00		94,913.86		01-Mar-2005		8.375%		SC - 90.00%		360		01-Dec-2004
11061461 1			127,920.00		126,999.43		01-Feb-2005		6.625%		CO - 80.00%		360		01-Dec-2004
11063410 1			312,000.00		309,466.56		01-Dec-2004		5.990%		CA - 80.00%		360		01-Dec-2004
11066080 1			272,000.00		270,089.18		01-Dec-2004		6.750%		NY - 80.00%		360		01-Dec-2004
11067777 1			216,000.00		216,000.00		01-Mar-2005		6.275%		CA - 80.00%		360		01-Dec-2004
11068747 1			268,000.00		265,928.23		01-Mar-2005		6.250%		CA - 80.00%		360		01-Dec-2004
11068968 1			76,000.00		75,478.81		01-Mar-2005		6.875%		TX - 80.00%		360		01-Dec-2004
11069692 1			243,200.00		242,108.71		01-Dec-2004		8.999%		CA - 80.00%		360		01-Dec-2004
11070854 1			351,200.00		348,419.94		01-Feb-2005		6.125%		CA - 80.00%		360		01-Dec-2004
11071515 1			384,000.00		381,392.19		01-Dec-2004		6.925%		NY - 80.00%		360		01-Dec-2004
11071833 1			177,888.00		176,149.81		01-Mar-2005		4.990%		CO - 80.00%		360		01-Dec-2004
11072347 1			186,675.00		185,423.15		01-Mar-2005		6.990%		CT - 94.52%		360		01-Dec-2004
11072772 1			201,600.00		200,490.06		#######		7.990%		CA - 80.00%		360		01-Dec-2004
11072882 1			229,500.00		228,072.55		01-Dec-2004		7.375%		CT - 90.00%		360		01-Dec-2004
11073332 1			209,600.00		208,047.70		01-Mar-2005		6.475%		WI - 80.00%		360		01-Dec-2004
11076700 1			100,000.00		99,150.63		01-Mar-2005		5.750%		CO - 80.00%		360		01-Dec-2004
11078773 1			284,000.00		282,276.48		01-Jan-2005		7.500%		CT - 80.00%		360		01-Dec-2004
11006252 2			191,250.00		189,994.59		01-Jan-2005		8.750%		MN - 81.38%		360		01-Sep-2004
11028132 2			53,625.00		53,343.38		01-Jan-2005		8.225%		FL - 75.00%		360		01-Dec-2004
11029762 2			192,000.00		192,000.00		01-Feb-2005		7.750%		CA - 80.00%		360		01-Nov-2004
11030841 2			836,000.00		829,838.25		01-Dec-2004		7.125%		CA - 67.42%		360		01-Nov-2004
11042174 2			440,000.00		440,000.00		01-Jan-2005		6.950%		TX - 80.00%		360		01-Nov-2004
11042986 2			436,000.00		433,427.90		01-Nov-2004		8.250%		CA - 80.00%		360		01-Nov-2004
11044833 2			78,580.00		78,255.78		01-Jan-2005		9.990%		CA - 20.00%		180		01-Nov-2004
11047497 2			672,000.00		667,046.35		01-Dec-2004		6.500%		IL - 80.00%		360		01-Dec-2004
11048149 2			525,150.00		525,150.00		01-Dec-2004		6.500%		CA - 80.00%		360		01-Dec-2004
11054458 2			550,000.00		547,052.68		01-Mar-2005		8.125%		CA - 73.33%		360		01-Dec-2004
11055105 2			400,000.00		396,674.17		01-Feb-2005		6.500%		CA - 74.77%		360		01-Nov-2004
11055708 2			368,000.00		365,537.02		01-Jan-2005		7.000%		FL - 80.00%		360		01-Dec-2004
11056368 2			504,000.00		500,195.42		01-Dec-2004		6.375%		CA - 80.00%		360		01-Dec-2004
11058184 2			360,000.00		357,346.58		01-Feb-2005		6.500%		CA - 80.00%		360		01-Dec-2004
11058527 2			97,118.00		96,703.73		01-Mar-2005		9.250%		WA - 70.00%		360		01-Dec-2004
11058669 2			456,000.00		452,632.53		01-Jan-2005		6.490%		CA - 80.00%		360		01-Dec-2004


Page 14 of 31
Morgan Stanley ABS Capital I Inc. 2005-WMC1

Mortgage Pass-Through Certificates

2005-WMC1

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
11059422 2
			372,000.00		369,514.33		01-Feb-2005		7.625%		CA - 80.00%		360		01-Nov-2004

11059943 2			283,500.00		282,161.31		01-Dec-2004		8.750%		CA - 90.00%		360		01-Dec-2004
11061447 2			568,000.00		568,000.00		01-Dec-2004		6.375%		CA - 80.00%		360		01-Dec-2004
11065255 2			100,400.00		99,847.22		01-Mar-2005		7.990%		MI - 80.00%		360		01-Dec-2004
11065728 2			408,000.00		408,000.00		01-Feb-2005		5.725%		NJ - 80.00%		360		01-Dec-2004
11067903 2			144,000.00		144,000.00		01-Jan-2005		7.625%		MI - 80.00%		360		01-Dec-2004
11070222 2			436,800.00		433,439.29		01-Mar-2005		6.275%		CA - 80.00%		360		01-Dec-2004
11072927 2			40,000.00		39,790.52		01-Feb-2005		8.240%		LA - 72.73%		360		01-Dec-2004
11074763 2			390,450.00		388,368.10		01-Feb-2005		8.150%		GA - 95.00%		360		01-Dec-2004
11075077 2			314,400.00		314,400.00		01-Feb-2005		6.575%		CA - 80.00%		360		01-Dec-2004
11077701 2			387,200.00		384,695.36		01-Dec-2004		7.175%		NY - 80.00%		360		01-Dec-2004


TOTAL			16,398,610.00		16,306,999.64


Page 15 of 31
Morgan Stanley ABS Capital I Inc. 2005-WMC1

Mortgage Pass-Through Certificates

2005-WMC1

July 25, 2005 Distribution
Prepayment Report

VOLUNTARY PREPAYMENTS


											Group 2		Group 1		Total




Current


Number of Paid in Full Loans										72		155		227
Number of Repurchased Loans										0		0		0
Total Number of Loans Prepaid in Full										72		155		227
Curtailments Amount										14,799.29		21,809.72		36,609.01
Paid in Full Balance										19,603,202.98		24,624,681.94		44,227,884.92
Repurchased Loans Balance										0.00		0.00		0.00
Total Prepayment Amount										19,618,002.27		24,646,491.66		44,264,493.93

Cumulative


Number of Paid in Full Loans										226		485		711
Number of Repurchased Loans										0		1		1
Total Number of Loans Prepaid in Full										226		486		712
Paid in Full Balance										64,855,979.77		79,820,626.59		144,676,606.36
Repurchased Loans Balance										0.00		19,470.24		19,470.24
Curtailments Amount										82,415.92		166,857.06		249,272.98
Total Prepayment Amount										64,938,395.69		80,006,953.89		144,945,349.58










Page 16 of 31
Morgan Stanley ABS Capital I Inc. 2005-WMC1

Mortgage Pass-Through Certificates

2005-WMC1

July 25, 2005 Distribution

VOLUNTARY PREPAYMENTS RATES


											Group 2		Group 1		Total



SMM										4.48%		4.08%		4.25%
3 Months Avg SMM										3.43%		3.25%		3.33%
12 Months Avg SMM										2.84%		2.55%		2.67%
Avg SMM Since Cut-off										2.84%		2.55%		2.67%


CPR										42.28%		39.34%		40.59%
3 Months Avg CPR										34.24%		32.73%		33.37%
12 Months Avg CPR										29.23%		26.64%		27.74%
Avg CPR Since Cut-off										29.23%		26.64%		27.74%


PSA										2,559.40%		2,387.81%		2,460.98%
3 Months Avg PSA Approximation										2,358.57%		2,261.04%		2,302.32%
12 Months Avg PSA Approximation										2,335.18%		2,134.34%		2,219.91%
Avg PSA Since Cut-off Approximation										2,335.17%		2,134.34%		2,219.91%










Page 17 of 31
Morgan Stanley ABS Capital I Inc. 2005-WMC1

Mortgage Pass-Through Certificates

2005-WMC1

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 31
Morgan Stanley ABS Capital I Inc. 2005-WMC1

Mortgage Pass-Through Certificates

2005-WMC1

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

11003360 1			270,500.00		268,084.91			30-Jun-2005		6.125%		MN - 81.97%		Paid Off - 360		01-Oct-2004


11007043 2			51,990.00		51,533.86			28-Jun-2005		6.990%		NJ - 79.98%		Paid Off - 360		01-Sep-2004

11017310 1			144,400.00		144,400.00			30-Jun-2005		5.990%		CA - 80.00%		Paid Off - 360		01-Nov-2004

11017313 1			36,100.00		35,953.93			30-Jun-2005		9.500%		CA - 20.00%		Paid Off - 180		01-Nov-2004

11018563 1			169,600.00		168,255.86			01-Jun-2005		6.750%		CA - 80.00%		Paid Off - 360		01-Oct-2004

11018735 1			42,400.00		42,254.97			01-Jun-2005		10.875%		CA - 20.00%		Paid Off - 180		01-Oct-2004

11024892 1			285,000.00		283,207.13			16-Jun-2005		8.250%		NJ - 95.00%		Paid Off - 360		01-Oct-2004

11027565 1			112,000.00		111,457.54			16-Jun-2005		8.625%		FL - 80.00%		Paid Off - 360		01-Nov-2004

11027566 1			28,000.00		27,940.44			16-Jun-2005		12.490%		FL - 20.00%		Paid Off - 180		01-Nov-2004

11035211 2			199,315.00		198,247.38			01-Jun-2005		8.625%		FL - 84.81%		Paid Off - 360		01-Nov-2004

11036353 1			245,000.00		243,566.58			03-Jun-2005		6.990%		CA - 72.06%		Paid Off - 360		01-Dec-2004

11040368 1			260,100.00		258,740.82			01-Jun-2005		8.250%		FL - 90.00%		Paid Off - 360		01-Nov-2004

11040426 2			68,000.00		68,000.00			22-Jun-2005		7.625%		NV - 80.00%		Paid Off - 360		01-Dec-2004

11040428 1			17,000.00		16,955.21			22-Jun-2005		10.875%		NV - 20.00%		Paid Off - 180		01-Dec-2004

11040659 1			126,225.00		125,713.24			09-Jun-2005		9.490%		MD - 85.00%		Paid Off - 360		01-Nov-2004

11042454 2			153,000.00		152,138.02			20-Jun-2005		7.875%		MD - 87.43%		Paid Off - 360		01-Nov-2004

11044658 1			30,800.00		30,683.45			20-Jun-2005		11.990%		AZ - 20.00%		Paid Off - 180		01-Nov-2004

11045295 1			251,200.00		249,380.70			30-Jun-2005		5.875%		AZ - 80.00%		Paid Off - 360		01-Dec-2004

11045714 1			150,600.00		149,590.11			16-Jun-2005		6.990%		CA - 79.26%		Paid Off - 360		01-Nov-2004

11045958 1			198,750.00		197,387.08			02-Jun-2005		6.875%		CA - 75.00%		Paid Off - 360		01-Nov-2004

11045962 1			53,000.00		52,839.65			02-Jun-2005		10.875%		CA - 20.00%		Paid Off - 180		01-Nov-2004

11046704 1			115,000.00		114,224.18			17-Jun-2005		6.250%		MD - 69.70%		Paid Off - 360		01-Dec-2004

11047174 1			117,000.00		116,289.97			27-Jun-2005		7.500%		MD - 86.03%		Paid Off - 360		01-Nov-2004

11047472 1			81,175.00		80,785.27			02-Jun-2005		8.800%		MD - 85.00%		Paid Off - 360		01-Dec-2004

11047582 2			280,000.00		278,902.75			14-Jun-2005		8.990%		CA - 53.33%		Paid Off - 360		01-Dec-2004

11048240 1			223,250.00		221,752.87			01-Jun-2005		6.990%		AZ - 95.00%		Paid Off - 360		01-Nov-2004

11049338 2			78,000.00		77,726.93			08-Jun-2005		10.875%		CA - 20.00%		Paid Off - 180		01-Nov-2004

11049589 1			252,000.00		250,302.95			02-Jun-2005		7.125%		CA - 90.00%		Paid Off - 360		01-Dec-2004

11049799 1			102,640.00		101,995.48			15-Jun-2005		6.625%		GA - 80.00%		Paid Off - 360		01-Dec-2004

11049800 1			25,660.00		25,590.54			16-Jun-2005		10.750%		GA - 20.00%		Paid Off - 180		01-Dec-2004

11050349 1			325,000.00		323,088.86			09-Jun-2005		7.990%		CA - 69.15%		Paid Off - 360		01-Nov-2004

11050688 2			424,000.00		421,156.61			01-Jun-2005		6.990%		CA - 80.00%		Paid Off - 360		01-Nov-2004

11050806 2			394,200.00		391,807.76			27-Jun-2005		7.500%		CA - 94.99%		Paid Off - 360		01-Nov-2004

11051213 1			187,000.00		185,946.51			30-Jun-2005		7.875%		NJ - 85.00%		Paid Off - 360		01-Nov-2004

11051674 1			200,000.00		200,000.00			13-Jun-2005		5.500%		CA - 68.97%		Paid Off - 360		01-Nov-2004

11051949 2			106,000.00		105,679.28			01-Jun-2005		10.875%		CA - 20.00%		Paid Off - 180		01-Nov-2004

11052227 1			123,500.00		122,786.69			15-Jun-2005		7.750%		ID - 95.00%		Paid Off - 360		01-Nov-2004



Page 19 of 31
Morgan Stanley ABS Capital I Inc. 2005-WMC1

Mortgage Pass-Through Certificates

2005-WMC1

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

11052785 1			111,200.00		110,501.73			03-Jun-2005		6.625%		ID - 80.00%		Paid Off - 360		01-Dec-2004


11053203 1			164,050.00		162,415.99			15-Jun-2005		7.125%		FL - 85.00%		Paid Off - 360		01-Nov-2004

11053293 1			71,910.00		71,642.91			07-Jun-2005		9.250%		NC - 90.00%		Paid Off - 360		01-Dec-2004

11053467 2			450,000.00		446,905.79			22-Jun-2005		6.150%		CA - 73.77%		Paid Off - 360		01-Dec-2004

11053524 2			208,000.00		208,000.00			02-Jun-2005		7.250%		MD - 80.00%		Paid Off - 360		01-Dec-2004

11053530 1			52,000.00		51,851.53			02-Jun-2005		10.500%		MD - 20.00%		Paid Off - 180		01-Dec-2004

11053595 2			190,000.00		189,145.82			30-Jun-2005		8.990%		CA - 19.79%		Paid Off - 180		01-Nov-2004

11053598 1			173,600.00		172,438.06			30-Jun-2005		7.000%		AZ - 80.00%		Paid Off - 360		01-Nov-2004

11053606 1			43,400.00		43,315.24			28-Jun-2005		12.875%		AZ - 20.00%		Paid Off - 180		01-Nov-2004

11053617 2			220,500.00		219,659.64			09-Jun-2005		9.125%		MD - 70.00%		Paid Off - 360		01-Dec-2004

11053779 2			408,000.00		408,000.00			23-Jun-2005		5.500%		CA - 80.00%		Paid Off - 360		01-Nov-2004

11053780 2			102,000.00		101,493.25			23-Jun-2005		8.500%		CA - 20.00%		Paid Off - 180		01-Nov-2004

11053821 2			150,000.00		147,571.82			21-Jun-2005		10.750%		CA - 25.00%		Paid Off - 180		01-Dec-2004

11053822 2			450,000.00		447,497.74			21-Jun-2005		7.250%		CA - 75.00%		Paid Off - 360		01-Dec-2004

11053856 1			43,800.00		43,674.88			16-Jun-2005		10.500%		FL - 20.00%		Paid Off - 180		01-Dec-2004

11053928 2			360,000.00		360,000.00			13-Jun-2005		5.875%		CA - 80.00%		Paid Off - 360		01-Dec-2004

11053930 2			90,000.00		89,698.81			13-Jun-2005		9.750%		CA - 20.00%		Paid Off - 180		01-Dec-2004

11054066 2			514,110.00		509,701.55			09-Jun-2005		5.625%		CA - 80.00%		Paid Off - 360		01-Dec-2004

11054069 2			128,527.00		126,740.21			09-Jun-2005		8.500%		CA - 20.00%		Paid Off - 180		01-Dec-2004

11054281 1			66,400.00		66,188.70			13-Jun-2005		9.990%		CA - 20.00%		Paid Off - 180		01-Dec-2004

11054437 1			116,850.00		116,245.54			01-Jun-2005		7.616%		DC - 95.00%		Paid Off - 360		01-Dec-2004

11054692 1			191,600.00		190,083.34			30-Jun-2005		6.125%		CA - 80.00%		Paid Off - 360		01-Nov-2004

11054693 1			47,900.00		47,725.10			30-Jun-2005		9.990%		CA - 20.00%		Paid Off - 180		01-Nov-2004

11054716 1			125,000.00		123,996.74			24-Jun-2005		7.125%		CA - 52.97%		Paid Off - 360		01-Jan-2005

11054761 1			281,000.00		278,481.23			02-Jun-2005		5.990%		CA - 64.60%		Paid Off - 360		01-Nov-2004

11054947 2			495,000.00		492,506.55			14-Jun-2005		7.750%		CA - 90.00%		Paid Off - 360		01-Dec-2004

11055016 2			202,400.00		201,142.14			21-Jun-2005		7.990%		FL - 80.00%		Paid Off - 360		01-Oct-2004

11055017 1			50,600.00		50,468.03			21-Jun-2005		12.125%		FL - 20.00%		Paid Off - 180		01-Oct-2004

11055037 2			141,100.00		140,528.07			16-Jun-2005		9.500%		VA - 20.00%		Paid Off - 180		01-Nov-2004

11055083 2			120,000.00		119,999.65			22-Jun-2005		6.500%		MD - 77.92%		Paid Off - 360		01-Dec-2004

11055518 1			114,950.00		114,530.23			03-Jun-2005		9.990%		UT - 95.00%		Paid Off - 360		01-Nov-2004

11055522 1			380,000.00		377,298.97			08-Jun-2005		7.125%		CA - 60.80%		Paid Off - 360		01-Nov-2004

11055639 1			268,800.00		266,772.97			22-Jun-2005		5.875%		CO - 80.00%		Paid Off - 360		01-Dec-2004

11055657 1			170,400.00		169,250.41			13-Jun-2005		6.250%		CA - 80.00%		Paid Off - 360		01-Dec-2004

11055658 1			42,600.00		42,464.47			13-Jun-2005		9.990%		CA - 20.00%		Paid Off - 180		01-Dec-2004

11055856 1			159,000.00		158,124.56			09-Jun-2005		7.990%		IL - 79.90%		Paid Off - 360		01-Nov-2004

11056168 1			212,000.00		210,821.17			21-Jun-2005		7.250%		MD - 80.00%		Paid Off - 360		01-Dec-2004

11056169 1			53,000.00		52,848.65			21-Jun-2005		10.500%		MD - 20.00%		Paid Off - 180		01-Dec-2004



Page 20 of 31
Morgan Stanley ABS Capital I Inc. 2005-WMC1

Mortgage Pass-Through Certificates

2005-WMC1

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

11056489 2			102,000.00		101,708.75			06-Jun-2005		10.500%		CA - 20.00%		Paid Off - 180		01-Dec-2004


11056645 2			540,000.00		536,019.80			17-Jun-2005		6.500%		CA - 80.00%		Paid Off - 360		01-Nov-2004

11056781 1			139,400.00		138,531.97			29-Jun-2005		8.000%		GA - 85.00%		Paid Off - 360		01-Dec-2004

11056848 1			156,800.00		155,970.12			01-Jun-2005		7.501%		MD - 70.00%		Paid Off - 360		01-Dec-2004

11057293 2			195,000.00		194,997.89			01-Jun-2005		6.500%		MD - 77.38%		Paid Off - 360		01-Dec-2004

11057297 1			204,000.00		202,719.09			24-Jun-2005		6.625%		CA - 80.00%		Paid Off - 360		01-Dec-2004

11057298 1			51,000.00		50,865.63			24-Jun-2005		10.875%		CA - 20.00%		Paid Off - 180		01-Dec-2004

11057326 2			208,000.00		208,000.00			01-Jun-2005		6.125%		CA - 80.00%		Paid Off - 360		01-Nov-2004

11057329 1			38,000.00		37,881.93			01-Jun-2005		10.750%		CA - 14.62%		Paid Off - 180		01-Nov-2004

11057372 1			259,350.00		257,153.12			20-Jun-2005		6.625%		CA - 95.00%		Paid Off - 360		01-Nov-2004

11057400 1			101,500.00		101,102.22			07-Jun-2005		8.990%		IL - 70.00%		Paid Off - 360		01-Dec-2004

11057720 2			194,400.00		194,400.00			01-Jun-2005		6.875%		CA - 80.00%		Paid Off - 360		01-Nov-2004

11057723 1			48,600.00		48,422.54			01-Jun-2005		9.990%		CA - 20.00%		Paid Off - 180		01-Nov-2004

11057834 1			265,470.00		263,418.15			13-Jun-2005		6.251%		CA - 89.99%		Paid Off - 360		01-Nov-2004

11058128 1			252,450.00		250,542.95			09-Jun-2005		5.650%		CA - 85.00%		Paid Off - 360		01-Dec-2004

11058185 1			216,000.00		214,779.50			16-Jun-2005		7.500%		CA - 84.38%		Paid Off - 360		01-Dec-2004

11058415 1			301,500.00		299,823.47			27-Jun-2005		7.250%		MD - 90.00%		Paid Off - 360		01-Dec-2004

11058444 1			142,800.00		141,964.55			29-Jun-2005		6.990%		MD - 85.00%		Paid Off - 360		01-Dec-2004

11058482 1			106,400.00		105,763.44			06-Jun-2005		6.875%		OR - 80.00%		Paid Off - 360		01-Dec-2004

11058488 1			26,600.00		26,515.36			06-Jun-2005		9.990%		OR - 20.00%		Paid Off - 180		01-Dec-2004

11058915 2			159,750.00		158,889.63			30-Jun-2005		8.175%		ID - 90.00%		Paid Off - 360		01-Dec-2004

11058943 1			271,966.00		270,298.96			15-Jun-2005		6.750%		NV - 79.99%		Paid Off - 360		01-Dec-2004

11059098 1			106,800.00		106,275.30			28-Jun-2005		7.875%		MD - 80.00%		Paid Off - 360		01-Dec-2004

11059099 1			20,025.00		19,984.79			28-Jun-2005		12.125%		MD - 15.00%		Paid Off - 180		01-Dec-2004

11059168 1			261,000.00		259,618.41			09-Jun-2005		7.500%		MD - 88.47%		Paid Off - 360		01-Dec-2004

11059234 1			104,000.00		103,435.74			01-Jun-2005		7.375%		MD - 80.00%		Paid Off - 360		01-Dec-2004

11059235 1			26,000.00		25,955.81			01-Jun-2005		12.875%		MD - 20.00%		Paid Off - 180		01-Dec-2004

11059317 1			141,000.00		140,271.87			08-Jun-2005		7.625%		FL - 80.57%		Paid Off - 360		01-Dec-2004

11059535 2			439,200.00		436,347.91			28-Jun-2005		6.450%		CA - 80.00%		Paid Off - 360		01-Dec-2004

11059594 1			355,500.00		353,209.11			27-Jun-2005		6.490%		CA - 90.00%		Paid Off - 360		01-Dec-2004

11059908 2			465,000.00		462,009.15			08-Jun-2005		6.500%		CA - 75.00%		Paid Off - 360		01-Dec-2004

11060320 1			128,800.00		127,979.51			28-Jun-2005		6.550%		MD - 80.00%		Paid Off - 360		01-Dec-2004

11060323 1			32,200.00		32,086.43			28-Jun-2005		9.500%		MD - 20.00%		Paid Off - 180		01-Dec-2004

11060342 2			400,000.00		397,882.61			30-Jun-2005		7.500%		MD - 72.73%		Paid Off - 360		01-Dec-2004

11060503 2			150,000.00		149,571.62			30-Jun-2005		10.500%		MD - 27.27%		Paid Off - 180		01-Dec-2004

11060573 2			592,000.00		587,192.94			06-Jun-2005		5.990%		CA - 80.00%		Paid Off - 360		01-Nov-2004

11060667 1			191,250.00		190,363.30			02-Jun-2005		7.375%		CA - 85.00%		Paid Off - 360		01-Dec-2004

11060839 1			161,500.00		160,851.96			08-Jun-2005		8.875%		IL - 95.00%		Paid Off - 360		01-Dec-2004



Page 21 of 31
Morgan Stanley ABS Capital I Inc. 2005-WMC1

Mortgage Pass-Through Certificates

2005-WMC1

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

11060913 2			412,000.00		412,000.00			01-Jun-2005		7.875%		CA - 80.00%		Paid Off - 360		01-Dec-2004


11060914 2			103,000.00		102,728.52			01-Jun-2005		10.875%		CA - 20.00%		Paid Off - 180		01-Dec-2004

11061319 1			72,000.00		71,675.25			01-Jun-2005		8.300%		TX - 80.00%		Paid Off - 360		01-Dec-2004

11061327 2			323,000.00		321,221.62			08-Jun-2005		7.990%		CA - 95.00%		Paid Off - 360		01-Nov-2004

11061404 2			656,000.00		651,671.10			02-Jun-2005		6.376%		CA - 80.00%		Paid Off - 360		01-Dec-2004

11061405 2			164,000.00		163,399.72			02-Jun-2005		9.500%		CA - 20.00%		Paid Off - 180		01-Dec-2004

11061436 1			200,000.00		198,941.30			08-Jun-2005		7.500%		CA - 74.07%		Paid Off - 360		01-Dec-2004

11061645 1			198,400.00		197,449.30			02-Jun-2005		8.000%		TX - 80.00%		Paid Off - 360		01-Dec-2004

11061865 1			72,899.00		72,531.76			20-Jun-2005		7.750%		OK - 90.00%		Paid Off - 360		01-Dec-2004

11061901 2			407,250.00		404,929.27			28-Jun-2005		7.125%		CA - 90.00%		Paid Off - 360		01-Dec-2004

11061956 1			266,000.00		264,443.73			03-Jun-2005		6.990%		MA - 74.93%		Paid Off - 360		01-Dec-2004

11062407 2			225,200.00		225,200.00			30-Jun-2005		6.625%		AZ - 80.00%		Paid Off - 360		01-Dec-2004

11062408 1			56,300.00		56,195.91			30-Jun-2005		12.500%		AZ - 20.00%		Paid Off - 180		01-Dec-2004

11062475 1			284,000.00		282,887.03			16-Jun-2005		8.990%		PA - 80.00%		Paid Off - 360		01-Dec-2004

11062578 1			201,600.00		200,300.87			02-Jun-2005		6.490%		CA - 80.00%		Paid Off - 360		01-Dec-2004

11062579 1			50,400.00		50,239.66			02-Jun-2005		9.990%		CA - 20.00%		Paid Off - 180		01-Dec-2004

11062810 1			132,600.00		131,705.40			22-Jun-2005		6.250%		MD - 85.00%		Paid Off - 360		01-Dec-2004

11062978 2			437,600.00		434,917.68			06-Jun-2005		6.750%		CA - 84.15%		Paid Off - 360		01-Dec-2004

11063321 2			487,000.00		484,566.30			01-Jun-2005		7.790%		NJ - 84.70%		Paid Off - 360		01-Dec-2004

11063541 1			260,000.00		258,564.28			07-Jun-2005		7.750%		NJ - 80.00%		Paid Off - 360		01-Dec-2004

11063620 1			207,000.00		206,188.83			27-Jun-2005		8.990%		MD - 90.00%		Paid Off - 360		01-Dec-2004

11063881 2			168,100.00		168,100.00			23-Jun-2005		6.990%		FL - 94.97%		Paid Off - 360		01-Dec-2004

11063921 1			39,600.00		39,498.41			10-Jun-2005		11.000%		FL - 20.00%		Paid Off - 180		01-Dec-2004

11063924 2			158,400.00		158,400.00			10-Jun-2005		6.375%		FL - 80.00%		Paid Off - 360		01-Dec-2004

11064368 1			184,800.00		183,705.24			30-Jun-2005		6.926%		DC - 80.00%		Paid Off - 360		01-Dec-2004

11064556 1			263,200.00		261,470.80			14-Jun-2005		6.650%		CA - 80.00%		Paid Off - 360		01-Dec-2004

11064557 1			65,800.00		65,595.56			14-Jun-2005		10.875%		CA - 20.00%		Paid Off - 180		01-Dec-2004

11064648 2			198,000.00		197,120.30			27-Jun-2005		8.375%		NY - 73.33%		Paid Off - 360		01-Dec-2004

11064676 1			200,000.00		198,714.59			03-Jun-2005		6.990%		FL - 80.00%		Paid Off - 360		01-Dec-2004

11064776 1			200,000.00		198,713.59			17-Jun-2005		6.500%		NY - 43.96%		Paid Off - 360		01-Dec-2004

11064815 2			141,000.00		140,502.87			27-Jun-2005		9.500%		CA - 20.00%		Paid Off - 180		01-Dec-2004

11064838 1			156,750.00		156,182.73			06-Jun-2005		9.375%		IL - 95.00%		Paid Off - 360		01-Dec-2004

11064860 1			190,000.00		188,870.38			24-Jun-2005		7.490%		CA - 69.09%		Paid Off - 360		01-Dec-2004

11064907 1			90,240.00		89,676.08			13-Jun-2005		6.650%		LA - 80.00%		Paid Off - 360		01-Dec-2004

11064915 1			22,560.00		22,488.41			13-Jun-2005		10.750%		LA - 20.00%		Paid Off - 180		01-Dec-2004

11065060 2			438,000.00		435,679.39			01-Jun-2005		7.500%		CA - 54.07%		Paid Off - 360		01-Dec-2004

11065153 2			496,850.00		494,902.98			01-Jun-2005		8.990%		CA - 95.00%		Paid Off - 360		01-Dec-2004

11065736 2			85,600.00		85,355.51			10-Jun-2005		10.500%		CA - 20.00%		Paid Off - 180		01-Dec-2004



Page 22 of 31
Morgan Stanley ABS Capital I Inc. 2005-WMC1

Mortgage Pass-Through Certificates

2005-WMC1

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

11065743 1			341,100.00		339,294.41			30-Jun-2005		7.500%		IL - 90.00%		Paid Off - 360		01-Dec-2004


11065902 1			143,000.00		142,144.42			20-Jun-2005		6.875%		CA - 65.00%		Paid Off - 360		01-Dec-2004

11066152 1			328,500.00		326,578.08			22-Jun-2005		6.990%		CA - 90.00%		Paid Off - 360		01-Dec-2004

11066288 1			171,000.00		169,951.88			02-Jun-2005		6.750%		MD - 90.00%		Paid Off - 360		01-Dec-2004

11066399 2			520,000.00		520,000.00			08-Jun-2005		6.250%		CA - 80.00%		Paid Off - 360		01-Dec-2004

11066402 2			130,000.00		129,586.38			08-Jun-2005		9.990%		CA - 20.00%		Paid Off - 180		01-Dec-2004

11066631 1			40,800.00		40,691.90			30-Jun-2005		10.850%		CO - 20.00%		Paid Off - 180		01-Dec-2004

11066795 1			90,900.00		90,451.17			29-Jun-2005		7.850%		NC - 90.00%		Paid Off - 360		01-Dec-2004

11066944 2			128,000.00		127,998.27			15-Jun-2005		6.490%		AZ - 80.00%		Paid Off - 360		01-Dec-2004

11066945 1			32,000.00		31,906.99			15-Jun-2005		10.500%		AZ - 20.00%		Paid Off - 180		01-Dec-2004

11067087 1			224,000.00		222,689.50			23-Jun-2005		6.990%		CA - 80.00%		Paid Off - 360		01-Dec-2004

11067088 1			48,500.00		48,320.59			23-Jun-2005		9.900%		CA - 17.32%		Paid Off - 180		01-Dec-2004

11067185 2			562,500.00		558,943.95			01-Jun-2005		6.590%		IL - 90.00%		Paid Off - 360		01-Dec-2004

11067332 1			193,600.00		193,600.00			02-Jun-2005		6.375%		CA - 80.00%		Paid Off - 360		01-Dec-2004

11067333 1			36,300.00		36,204.33			02-Jun-2005		10.875%		CA - 15.00%		Paid Off - 180		01-Dec-2004

11067493 1			189,600.00		189,600.00			20-Jun-2005		5.675%		CA - 80.00%		Paid Off - 360		01-Dec-2004

11067494 1			47,400.00		47,249.18			20-Jun-2005		9.990%		CA - 20.00%		Paid Off - 180		01-Dec-2004

11067595 1			333,000.00		331,193.25			07-Jun-2005		7.375%		CA - 90.00%		Paid Off - 360		01-Dec-2004

11067882 1			131,750.00		131,092.92			07-Jun-2005		7.800%		NM - 85.00%		Paid Off - 360		01-Dec-2004

11067962 1			304,515.00		302,733.40			02-Jun-2005		6.990%		CA - 90.90%		Paid Off - 360		01-Dec-2004

11068008 1			222,500.00		220,923.08			03-Jun-2005		5.990%		CA - 71.77%		Paid Off - 360		01-Dec-2004

11068418 1			228,000.00		226,601.70			20-Jun-2005		6.750%		CA - 80.00%		Paid Off - 360		01-Dec-2004

11068419 1			57,000.00		56,808.10			20-Jun-2005		9.750%		CA - 20.00%		Paid Off - 180		01-Dec-2004

11069153 2			74,400.00		74,061.07			16-Jun-2005		8.251%		CA - 20.00%		Paid Off - 180		01-Dec-2004

11069338 2			496,000.00		496,000.00			14-Jun-2005		7.525%		MD - 80.00%		Paid Off - 360		01-Dec-2004

11069342 2			124,000.00		123,789.17			14-Jun-2005		12.875%		MD - 20.00%		Paid Off - 180		01-Dec-2004

11069687 1			279,336.00		277,782.74			06-Jun-2005		7.250%		CA - 80.00%		Paid Off - 360		01-Dec-2004

11069688 1			69,834.00		69,649.93			06-Jun-2005		10.875%		CA - 20.00%		Paid Off - 180		01-Dec-2004

11069713 1			227,500.00		225,565.18			01-Jun-2005		5.750%		NV - 70.00%		Paid Off - 360		01-Nov-2004

11069759 2			133,000.00		132,378.50			30-Jun-2005		8.125%		VA - 70.00%		Paid Off - 360		01-Dec-2004

11069979 1			264,750.00		263,334.68			15-Jun-2005		7.450%		CA - 75.00%		Paid Off - 360		01-Dec-2004

11070174 1			231,000.00		229,528.44			02-Jun-2005		6.550%		MD - 93.52%		Paid Off - 360		01-Dec-2004

11070327 2			200,700.00		200,698.00			22-Jun-2005		7.175%		VA - 90.00%		Paid Off - 360		01-Dec-2004

11070465 1			300,000.00		297,873.85			24-Jun-2005		5.990%		NY - 75.00%		Paid Off - 360		01-Dec-2004

11070733 1			96,000.00		95,438.31			13-Jun-2005		6.990%		FL - 80.00%		Paid Off - 360		01-Dec-2004

11070734 1			24,000.00		23,887.04			13-Jun-2005		11.750%		FL - 20.00%		Paid Off - 180		01-Dec-2004

11070944 1			56,200.00		55,968.63			27-Jun-2005		8.750%		CA - 20.00%		Paid Off - 180		01-Dec-2004

11071285 2			376,000.00		373,335.18			01-Jun-2005		5.990%		NV - 80.00%		Paid Off - 360		01-Dec-2004



Page 23 of 31
Morgan Stanley ABS Capital I Inc. 2005-WMC1

Mortgage Pass-Through Certificates

2005-WMC1

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

11071551 1			356,000.00		353,710.27			24-Jun-2005		6.500%		CA - 80.00%		Paid Off - 360		01-Dec-2004


11071706 2			464,000.00		460,395.63			01-Jun-2005		5.500%		NY - 80.00%		Paid Off - 360		01-Dec-2004

11071709 2			116,000.00		115,760.04			01-Jun-2005		11.990%		NY - 20.00%		Paid Off - 180		01-Dec-2004

11071802 1			24,000.00		23,904.65			23-Jun-2005		8.925%		CA - 10.00%		Paid Off - 180		01-Dec-2004

11072173 1			175,500.00		174,547.83			16-Jun-2005		7.375%		IL - 90.00%		Paid Off - 360		01-Dec-2004

11072255 1			316,000.00		316,000.00			17-Jun-2005		5.500%		CA - 80.00%		Paid Off - 360		01-Dec-2004

11072258 2			79,000.00		78,640.03			20-Jun-2005		8.250%		CA - 20.00%		Paid Off - 180		01-Dec-2004

11072271 2			394,200.00		392,059.51			20-Jun-2005		7.376%		CA - 90.00%		Paid Off - 360		01-Dec-2004

11072667 2			513,000.00		509,617.89			20-Jun-2005		6.376%		CA - 90.00%		Paid Off - 360		01-Dec-2004

11072828 1			40,780.00		40,710.64			21-Jun-2005		12.875%		AZ - 20.00%		Paid Off - 180		01-Dec-2004

11072917 2			89,000.00		88,745.82			28-Jun-2005		10.500%		VA - 20.00%		Paid Off - 180		01-Dec-2004

11072920 1			356,000.00		353,654.79			28-Jun-2005		6.375%		VA - 80.00%		Paid Off - 360		01-Dec-2004

11072933 1			278,000.00		276,211.92			27-Jun-2005		6.500%		NY - 78.64%		Paid Off - 360		01-Dec-2004

11073163 1			134,925.00		134,057.16			29-Jun-2005		6.500%		CA - 75.00%		Paid Off - 360		01-Dec-2004

11073307 1			179,980.00		178,969.56			06-Jun-2005		7.201%		CA - 89.99%		Paid Off - 360		01-Dec-2004

11073485 2			264,000.00		264,000.00			09-Jun-2005		6.250%		MD - 80.00%		Paid Off - 360		01-Dec-2004

11073486 1			66,000.00		65,811.50			13-Jun-2005		10.500%		MD - 20.00%		Paid Off - 180		01-Dec-2004

11073858 1			45,600.00		45,352.58			29-Jun-2005		7.375%		TX - 80.00%		Paid Off - 360		01-Dec-2004

11074181 1			160,000.00		158,920.54			10-Jun-2005		6.250%		CA - 80.00%		Paid Off - 360		01-Dec-2004

11074182 1			40,000.00		39,866.16			10-Jun-2005		9.750%		CA - 20.00%		Paid Off - 180		01-Dec-2004

11074257 1			279,500.00		277,702.29			02-Jun-2005		6.500%		NY - 66.55%		Paid Off - 360		01-Dec-2004

11074802 1			210,000.00		208,725.23			13-Jun-2005		6.800%		CA - 70.00%		Paid Off - 360		01-Dec-2004

11074808 1			225,000.00		224,176.44			22-Jun-2005		7.625%		CA - 87.21%		Paid Off - 360		01-Dec-2004

11075089 2			468,000.00		464,916.99			29-Jun-2005		6.375%		CA - 90.00%		Paid Off - 360		01-Dec-2004

11075247 1			305,000.00		303,369.48			27-Jun-2005		7.450%		MD - 70.11%		Paid Off - 360		01-Dec-2004

11075779 1			296,000.00		293,764.33			23-Jun-2005		5.651%		CA - 80.00%		Paid Off - 360		01-Dec-2004

11075780 2			74,000.00		73,804.96			23-Jun-2005		10.875%		CA - 20.00%		Paid Off - 180		01-Dec-2004

11075951 1			254,400.00		252,840.67			09-Jun-2005		6.750%		CA - 80.00%		Paid Off - 360		01-Dec-2004

11076000 1			184,000.00		182,698.41			09-Jun-2005		6.000%		CA - 66.91%		Paid Off - 360		01-Dec-2004

11076493 1			234,550.00		233,414.73			24-Jun-2005		7.950%		CO - 85.00%		Paid Off - 360		01-Dec-2004

11076540 1			105,000.00		104,416.10			02-Jun-2005		7.250%		OR - 77.78%		Paid Off - 360		01-Dec-2004

11077199 1			345,100.00		343,527.46			17-Jun-2005		8.250%		NJ - 85.00%		Paid Off - 360		01-Dec-2004

11077336 2			157,500.00		156,972.40			27-Jun-2005		9.750%		CA - 15.00%		Paid Off - 180		01-Dec-2004

11079400 1			235,000.00		233,953.97			01-Jun-2005		8.375%		CA - 70.15%		Paid Off - 360		01-Dec-2004

11080739 1			62,800.00		62,670.07			30-Jun-2005		11.990%		AZ - 20.00%		Paid Off - 180		01-Dec-2004

11089705 1			42,600.00		42,503.53			13-Jun-2005		10.875%		CA - 15.00%		Paid Off - 180		01-Jan-2005

11093814 1			346,000.00		344,632.70			02-Jun-2005		8.175%		CA - 94.79%		Paid Off - 360		01-Jan-2005

11093872 1			115,900.00		115,365.50			20-Jun-2005		8.375%		OH - 95.00%		Paid Off - 360		01-Dec-2004



Page 24 of 31
Morgan Stanley ABS Capital I Inc. 2005-WMC1

Mortgage Pass-Through Certificates

2005-WMC1

July 25, 2005 Distribution


TOTAL			44,456,532.00		44,227,884.92

Page 25 of 31
Morgan Stanley ABS Capital I Inc. 2005-WMC1

Mortgage Pass-Through Certificates

2005-WMC1

July 25, 2005 Distribution
Realized Loss Report

COLLATERAL REALIZED LOSSES



											Group 2		Group 1		Total


Current




Number of Loans Liquidated										0		1		1
Collateral Principal Realized Loss/(Gain) Amount										0.00		49,840.88		49,840.88
Collateral Interest Realized Loss/(Gain) Amount										0.00		3,271.50		3,271.50
Net Liquidation Proceeds										0.00		0.00		0.00

Cumulative




Number of Loans Liquidated										0		1		1
Collateral Realized Loss/(Gain) Amount										0.00		49,840.88		49,840.88
Net Liquidation Proceeds										0.00		0.00		0.00










Page 26 of 31
Morgan Stanley ABS Capital I Inc. 2005-WMC1

Mortgage Pass-Through Certificates

2005-WMC1

July 25, 2005 Distribution


DEFAULT SPEEDS



											Group 2		Group 1		Total



MDR										0.00%		0.01%		0.00%
3 Months Avg MDR										0.00%		0.00%		0.00%
12 Months Avg MDR										0.00%		0.00%		0.00%
Avg MDR Since Cut-off										0.00%		0.00%		0.00%


CDR										0.00%		0.10%		0.06%
3 Months Avg CDR										0.00%		0.03%		0.02%
12 Months Avg CDR										0.00%		0.02%		0.01%
Avg CDR Since Cut-off										0.00%		0.02%		0.01%


SDA										0.00%		0.60%		0.35%
3 Months Avg SDA Approximation										0.00%		0.23%		0.13%
12 Months Avg SDA Approximation										0.00%		0.16%		0.09%
Avg SDA Since Cut-off Approximation										0.00%		0.16%		0.09%


Loss Severity Approximation for Current Period										0.00%		100.00%		100.00%
3 Months Avg Loss Severity Approximation										0.00%		33.33%		33.33%
12 Months Avg Loss Severity Approximation										0.00%		20.00%		20.00%
Avg Loss Severity Approximation Since Cut-off										0.00%		20.00%		20.00%












Page 27 of 31
Morgan Stanley ABS Capital I Inc. 2005-WMC1

Mortgage Pass-Through Certificates

2005-WMC1

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 28 of 31
Morgan Stanley ABS Capital I Inc. 2005-WMC1

Mortgage Pass-Through Certificates

2005-WMC1

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)

11066809 1
			9.990%		TX - 20.00%		180		49,840.88				49,840.88		0.00



TOTAL									49,840.88			49,840.88		0.00



Page 29 of 31
Morgan Stanley ABS Capital I Inc. 2005-WMC1

Mortgage Pass-Through Certificates

2005-WMC1

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

										Group 2		Group 1		Total
						Trigger Event in effect (0=No , 1=Yes)								0
						Stepdown Date has occurred (0 = No, 1=Yes)								0
						3M Rolling Avg. Bal 60+ days includes BK, FC and REO								26,388,077.04
						Has sequential Trigger Event Occured(0=No,1=Yes)								0
						Ending Balance								999,236,609.62
						Prior Senior Enhancement Percentage								21.8183%



ADJUSTABLE RATE CERTIFICATE INFORMATION

SPACE INTENTIONALLY LEFT BLANK



ADDITIONAL INFORMATION

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


Current Custodian Fee Rate														0.000071%




Page 30 of 31
Morgan Stanley ABS Capital I Inc. 2005-WMC1

Mortgage Pass-Through Certificates

2005-WMC1

July 25, 2005 Distribution
Other Related Information
ADDITIONAL INFORMATION

										Group 2		Group 1		Total
Current Scheduled Payments										2,785,592.82		4,061,402.20		6,846,995.02
Current Scheduled Payments 1 Month Prior										2,885,101.56		4,208,529.48		7,093,631.04
Current Scheduled Payments 2 Month Prior										2,967,550.90		4,315,695.32		7,283,246.22
Current Scheduled Payments 3 Month Prior										3,052,473.44		4,402,787.10		7,455,260.54
Current Scheduled Payments 4 Month Prior										3,099,940.61		4,454,440.35		7,554,380.97
Current Scheduled Payments 5 Month Prior										0.00		0.00		0.00
Current Scheduled Payments 6 Month Prior										0.00		0.00		0.00
Current Scheduled Payments 7 Month Prior										0.00		0.00		0.00
Current Scheduled Payments 8 Month Prior										0.00		0.00		0.00
Current Scheduled Payments 9 Month Prior										0.00		0.00		0.00
Current Scheduled Payments 10 Month Prior										0.00		0.00		0.00
Current Scheduled Payments 11 Month Prior										0.00		0.00		0.00





Sched. Payments for 60+Day Delinquent Loans										134,439.91		77,683.08		212,123.00
Sched. Pmts - 60+Day Delinquent Loans, 1 Month Prior										124,224.94		71,014.60		195,239.54
Sched. Pmts - 60+Day Delinquent Loans, 2 Month Prior										101,983.79		62,449.95		164,433.73
Sched. Pmts - 60+Day Delinquent Loans, 3 Month Prior										81,293.13		62,771.67		144,064.80
Sched. Pmts - 60+Day Delinquent Loans, 4 Month Prior										15,773.94		5,673.20		21,447.13
Sched. Pmts - 60+Day Delinquent Loans, 5 Month Prior										0.00		0.00		0.00
Sched. Pmts - 60+Day Delinquent Loans, 6 Month Prior										0.00		0.00		0.00
Sched. Pmts - 60+Day Delinquent Loans, 7 Month Prior										0.00		0.00		0.00
Sched. Pmts - 60+Day Delinquent Loans, 8 Month Prior										0.00		0.00		0.00
Sched. Pmts - 60+Day Delinquent Loans, 9 Month Prior										0.00		0.00		0.00
Sched. Pmts - 60+Day Delinquent Loans, 10 Month Prior										0.00		0.00		0.00
Sched. Pmts - 60+Day Delinquent Loans, 11 Month Prior										0.00		0.00		0.00




Page 31 of 31

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