
                                       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):  August 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 IXIS Real Estate Capital 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)

               333-102888-17                         13-3939229
          (Commission File Number)        (I.R.S. Employer Identification No.)

             1585 Broadway 2nd Fl                         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

     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
     August 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 Morgan Stanley ABS Capital I Inc.


          Date:  Aug 26, 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 August 25, 2005.



IXIS Real Estate Capital Trust 2005-HE1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-HE1

August 25, 2005 Distribution

				External Parties						Table of Contents

													Page
				Seller									Page
				Seller						1. Certificate Payment Report					2
				IXIS Real Estate Capital						1. Certificate Payment Report					2
				IXIS Real Estate Capital						2. Collection Account Report					4
										2. Collection Account Report					4
										3. Credit Enhancement Report					6
										4. Collateral Report					7
				Certificate Insurer(s)						5. Delinquency Report					10
				Certificate Insurer(s)						5. Delinquency Report					10
										6. REO Report					13

										7. Foreclosure Report					14
										8. Prepayment Report					15
										9. Prepayment Detail Report					18
										9. Prepayment Detail Report					18
										10. Realized Loss Report					23
										11. Realized Loss Detail Report					26
				Servicer(s)						11. Realized Loss Detail Report					26
				Servicer(s)						12. Triggers and Adj. Cert. Report					27
				Countrywide Funding Corporation						12. Triggers and Adj. Cert. Report					27
				Countrywide Funding Corporation						13. Other Related Information					28
										13. Other Related Information					28


				Underwriter(s)
				Morgan Stanley


										Total Number of Pages					28
										Total Number of Pages

				Dates						Contacts

				Cut-Off Date:			January 25, 2005			Jennifer Hermansader
				Close Date:			February 24, 2005			Administrator
				First Distribution Date:			March 25, 2005			(714) 247-6258
										Jennifer.Vandyne@db.com
										Jennifer.Vandyne@db.com
										Address:
										1761 East St. Andrew Place, Santa Ana, CA 92705
				Distribution Date:			August 25, 2005
										Factor Information:			(800) 735-7777
				Record Date:			July 29, 2005			Factor Information:			(800) 735-7777
										Main Phone Number:			(714) 247-6000

							August 24, 2005
							August 24, 2005

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






Page 1 of 28
IXIS Real Estate Capital Trust 2005-HE1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-HE1

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


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

A-1	FLT, STEP	$	200,000,000.00		169,524,747.26		541,584.48		10,244,744.07		10,786,328.55		0.00		0.00		159,280,003.19
A-1	FLT, STEP	$	200,000,000.00		169,524,747.26		541,584.48		10,244,744.07		10,786,328.55		0.00		0.00		159,280,003.19
A-2	FLT, STEP	$	157,000,000.00		100,548,403.71		309,102.55		18,977,107.79		19,286,210.34		0.00		0.00		81,571,295.92
A-3	FLT, STEP	$	176,425,000.00		176,425,000.00		562,109.65		0.00		562,109.65		0.00		0.00		176,425,000.00
A-4	FLT, STEP	$	37,050,000.00		37,050,000.00		121,873.92		0.00		121,873.92		0.00		0.00		37,050,000.00
M-1	MEZ, FLT, S	$	28,311,000.00		28,311,000.00		95,809.14		0.00		95,809.14		0.00		0.00		28,311,000.00
M-2	MEZ, FLT, S	$	22,649,000.00		22,649,000.00		77,038.06		0.00		77,038.06		0.00		0.00		22,649,000.00
M-3	MEZ, FLT, S	$	13,802,000.00		13,802,000.00		47,302.52		0.00		47,302.52		0.00		0.00		13,802,000.00
M-4	MEZ, FLT, S	$	13,094,000.00		13,094,000.00		46,905.62		0.00		46,905.62		0.00		0.00		13,094,000.00
M-5	MEZ, FLT, S	$	11,678,000.00		11,678,000.00		42,134.87		0.00		42,134.87		0.00		0.00		11,678,000.00
M-6	MEZ, FLT, S	$	10,263,000.00		10,263,000.00		37,559.73		0.00		37,559.73		0.00		0.00		10,263,000.00
B-1	SUB	$	9,555,000.00		9,555,000.00		39,000.33		0.00		39,000.33		0.00		0.00		9,555,000.00
B-2	SUB	$	7,786,000.00		7,786,000.00		32,115.09		0.00		32,115.09		0.00		0.00		7,786,000.00
B-3	SUB	$	5,309,000.00		5,309,000.00		25,418.31		0.00		25,418.31		0.00		0.00		5,309,000.00
B-4	SUB	$	7,078,000.00		7,078,000.00		42,420.82		0.00		42,420.82		0.00		0.00		7,078,000.00
X	SUB	$	7,785,542.00		7,785,642.05		1,553,241.77		0.00		1,553,241.77		0.00		0.00		7,785,642.06
P	EXE	$	100.00		0.00		620,035.12		0.00		620,035.12		0.00		0.00		0.00
R	R	$	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00

Total			707,785,642.00		620,858,793.02		4,193,651.98		29,221,851.86		33,415,503.84		0.00		0.00		591,636,941.17
Total




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

									(1)		(1)		(2)		(3)		(4)=(2)+(3)	(5)
A-1	07/25/05		08/24/05		A-Act/360		45071KAM6		200,000,000.00		847.623736		2.707922		51.223720		53.931643	796.400016
A-2	07/25/05		08/24/05		A-Act/360		45071KAN4		157,000,000.00		640.435692		1.968806		120.873298		122.842104	519.562394
A-3	07/25/05		08/24/05		A-Act/360		45071KAP9		176,425,000.00		1,000.000000		3.186111		0.000000		3.186111	1,000.000000
A-4	07/25/05		08/24/05		A-Act/360		45071KAQ7		37,050,000.00		1,000.000000		3.289445		0.000000		3.289445	1,000.000000
M-1	07/25/05		08/24/05		A-Act/360		45071KAR5		28,311,000.00		1,000.000000		3.384167		0.000000		3.384167	1,000.000000
M-2	07/25/05		08/24/05		A-Act/360		45071KAS3		22,649,000.00		1,000.000000		3.401389		0.000000		3.401389	1,000.000000
M-3	07/25/05		08/24/05		A-Act/360		45071KAT1		13,802,000.00		1,000.000000		3.427222		0.000000		3.427222	1,000.000000
M-4	07/25/05		08/24/05		A-Act/360		45071KAU8		13,094,000.00		1,000.000000		3.582222		0.000000		3.582222	1,000.000000
M-5	07/25/05		08/24/05		A-Act/360		45071KAV6		11,678,000.00		1,000.000000		3.608055		0.000000		3.608055	1,000.000000
M-6	07/25/05		08/24/05		A-Act/360		45071KAW4		10,263,000.00		1,000.000000		3.659722		0.000000		3.659722	1,000.000000
B-1	07/25/05		08/24/05		A-Act/360		45071KAX2		9,555,000.00		1,000.000000		4.081667		0.000000		4.081667	1,000.000000
B-2	07/25/05		08/24/05		A-Act/360		45071KAY0		7,786,000.00		1,000.000000		4.124723		0.000000		4.124723	1,000.000000
B-3	07/25/05		08/24/05		A-Act/360		45071KAZ7		5,309,000.00		1,000.000000		4.787777		0.000000		4.787777	1,000.000000
B-4	07/25/05		08/24/05		A-Act/360		45071KBA1		7,078,000.00		1,000.000000		5.993334		0.000000		5.993334	1,000.000000
X	07/25/05		08/24/05		A-Act/360				7,785,542.00		1,000.012851		199.503358		0.000000		199.503358	1,000.012852
P	07/25/05		08/24/05				100.00		0.000000		6,200,351.200000		0.000000		6,200,351.200000		0.000000
R	07/25/05		08/24/05				0.00		0.000000		0.000000		0.000000		0.000000		0.000000



Page 2 of 28
IXIS Real Estate Capital Trust 2005-HE1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-HE1

August 25, 2005 Distribution

Distribution to Date - REMIC III
																	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-1	200,000,000.00		3,113,397.59		40,014,477.74		705,519.07		40,719,996.81		43,833,394.40		0.00		0.00		159,280,003.19
A-2	157,000,000.00		2,100,728.30		74,121,818.19		1,306,885.89		75,428,704.08		77,529,432.38		0.00		0.00		81,571,295.92
A-3	176,425,000.00		2,943,566.05		0.00		0.00		0.00		2,943,566.05		0.00		0.00		176,425,000.00
A-4	37,050,000.00		640,638.39		0.00		0.00		0.00		640,638.39		0.00		0.00		37,050,000.00
M-1	28,311,000.00		505,274.79		0.00		0.00		0.00		505,274.79		0.00		0.00		28,311,000.00
M-2	22,649,000.00		406,513.48		0.00		0.00		0.00		406,513.48		0.00		0.00		22,649,000.00
M-3	13,802,000.00		249,817.21		0.00		0.00		0.00		249,817.21		0.00		0.00		13,802,000.00
M-4	13,094,000.00		248,917.91		0.00		0.00		0.00		248,917.91		0.00		0.00		13,094,000.00
M-5	11,678,000.00		223,770.79		0.00		0.00		0.00		223,770.79		0.00		0.00		11,678,000.00
M-6	10,263,000.00		199,770.05		0.00		0.00		0.00		199,770.05		0.00		0.00		10,263,000.00
B-1	9,555,000.00		209,658.65		0.00		0.00		0.00		209,658.65		0.00		0.00		9,555,000.00
B-2	7,786,000.00		172,810.84		0.00		0.00		0.00		172,810.84		0.00		0.00		7,786,000.00
B-3	5,309,000.00		138,500.40		0.00		0.00		0.00		138,500.40		0.00		0.00		5,309,000.00
B-4	7,078,000.00		234,746.32		0.00		0.00		0.00		234,746.32		0.00		0.00		7,078,000.00
X	7,785,542.00		10,392,525.52		-97.16		-2.94		0.00		10,392,525.52		0.00		100.10		7,785,642.06
P	100.00		2,483,086.76		0.00		0.00		100.00		2,483,186.76		0.00		0.00		0.00
R	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00

Total	707,785,642.00		24,263,723.05		114,136,198.77		2,012,402.02		116,148,800.89		140,412,523.94		0.00		100.10		591,636,941.17


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

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

Class	Rate		Balance		Interest		Interest SF		Interest		Adjustment		Interest		Interest		Interest
					(1)		(2)		(3)		(4)		(5)=(1)-(2)+(3)+(4)		(6)		(7)=(5)-(6)
A-1	3.71000%		169,524,747.26		541,584.48		0.00		0.00		0.00		541,584.48		541,584.48		0.00
A-2	3.57000%		100,548,403.71		309,102.55		0.00		0.00		0.00		309,102.55		309,102.55		0.00
A-3	3.70000%		176,425,000.00		562,109.65		0.00		0.00		0.00		562,109.65		562,109.65		0.00
A-4	3.82000%		37,050,000.00		121,873.92		0.00		0.00		0.00		121,873.92		121,873.92		0.00
M-1	3.93000%		28,311,000.00		95,809.14		0.00		0.00		0.00		95,809.14		95,809.14		0.00
M-2	3.95000%		22,649,000.00		77,038.06		0.00		0.00		0.00		77,038.06		77,038.06		0.00
M-3	3.98000%		13,802,000.00		47,302.52		0.00		0.00		0.00		47,302.52		47,302.52		0.00
M-4	4.16000%		13,094,000.00		46,905.62		0.00		0.00		0.00		46,905.62		46,905.62		0.00
M-5	4.19000%		11,678,000.00		42,134.87		0.00		0.00		0.00		42,134.87		42,134.87		0.00
M-6	4.25000%		10,263,000.00		37,559.73		0.00		0.00		0.00		37,559.73		37,559.73		0.00
B-1	4.74000%		9,555,000.00		39,000.33		0.00		0.00		0.00		39,000.33		39,000.33		0.00
B-2	4.79000%		7,786,000.00		32,115.09		0.00		0.00		0.00		32,115.09		32,115.09		0.00
B-3	5.56000%		5,309,000.00		25,418.31		0.00		0.00		0.00		25,418.31		25,418.31		0.00
B-4	6.68659%		7,078,000.00		40,754.39		0.00		0.00		0.00		40,754.39		42,420.82		0.00
X	231.67835%		7,785,642.05		0.00		0.00		0.00		0.00		0.00		1,553,241.77		0.00
P	0.00000%		0.00		0.00		0.00		0.00		0.00		0.00		620,035.12		0.00
R	0.00000%		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00

Total			620,858,793.02		2,018,708.66		0.00		0.00		0.00		2,018,708.66		4,193,651.98		0.00



Page 3 of 28
IXIS Real Estate Capital Trust 2005-HE1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-HE1

August 25, 2005 Distribution
Collection Account Report
SUMMARY
SUMMARY
														Total
Principal Collections														29,220,628.51
Principal Withrawals														0.00
Principal Other Accounts														0.00
TOTAL NET PRINCIPAL														29,220,628.51
Interest Collections														3,637,391.02
Interest Withdrawals														-0.00
Interest Other Accounts														620,035.12
Interest Fees														-62,550.81
TOTAL NET INTEREST														4,194,875.33
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION														33,415,503.84



PRINCIPAL - COLLECTIONS
PRINCIPAL - COLLECTIONS
															Total
Scheduled Principal Received															328,330.51
Prepayments In Full															28,364,119.39
Curtailments															25,401.91
Liquidations															504,000.00
Insurance Principal															0.00
Repurchased Principal Amounts															0.00
Other Principal															0.00
Total Realized Loss Of Principal															-1,223.30
Delinquent Principal															-259,969.08
Advanced Principal															259,969.08
TOTAL PRINCIPAL COLLECTED															29,220,628.51


PRINCIPAL - WITHDRAWALS

SPACE INTENTIONALLY LEFT BLANK



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





Page 4 of 28
IXIS Real Estate Capital Trust 2005-HE1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-HE1

August 25, 2005 Distribution

INTEREST - COLLECTIONS
INTEREST - COLLECTIONS
														Total
Scheduled Interest														3,832,690.11
Liquidation Interest														3,066.00
Repurchased Interest														0.00
Insurance Interest														0.00
Other Interest														0.00
Relief Act Interest Shortfalls														-0.00
Prepayment Interest Shortfalls														-16,478.98
Compensating Interest														16,478.98
Delinquent Interest														-2,913,856.12
Interest Advanced														2,715,491.03
TOTAL INTEREST COLLECTED														3,637,391.02


INTEREST - WITHDRAWALS
INTEREST - WITHDRAWALS
														Total
Nonrecoverable Advances														0.00
TOTAL INTEREST WITHDRAWALS														0.00



INTEREST - OTHER ACCOUNTS
INTEREST - OTHER ACCOUNTS
														Total
Prepayment Charges														620,035.12
TOTAL INTEREST OTHER ACCOUNTS														620,035.12



INTEREST - FEES
INTEREST - FEES
														Total
Current Servicing Fees														60,326.07
Current Trustee Fees														2,224.74
TOTAL INTEREST OTHER FEES														62,550.81




Page 5 of 28
IXIS Real Estate Capital Trust 2005-HE1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-HE1

August 25, 2005 Distribution
Credit Enhancement Report
ACCOUNTS

SPACE INTENTIONALLY LEFT BLANK



INSURANCE

SPACE INTENTIONALLY LEFT BLANK



STRUCTURAL FEATURES
STRUCTURAL FEATURES
														Total
Overcollateralization Amount														7,785,642.06
Overcollateralization Target Amount														7,785,642.06
Overcollateralization Deficiency Amount														0.00
Overcollateralization Excess / Release Amount														0.00




Page 6 of 28
IXIS Real Estate Capital Trust 2005-HE1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-HE1

August 25, 2005 Distribution
Collateral Report


COLLATERAL



															Total



Loan Count:


Original														3,403
Prior														3,693
Prefunding														0
Scheduled Paid Offs														-0
Full Voluntary Prepayments														-157
Repurchases														-0
Liquidations														-1
Current														3,535
Principal Balance:


Original														584,039,192.89
Prior														620,858,793.08
Prefunding														0.00
Scheduled Principal														-328,330.51
Partial Prepayments														-25,401.91
Full Voluntary Prepayments														-28,364,119.39
Repurchases														-0.00
Liquidations														-504,000.00
Current														591,636,941.17





PREFUNDING
PREFUNDING
														Total
Prefunding Account Original Balance														123,746,449.22
Prefunding Account Beginning Balance														0.00
Subsequent Loans Added to the Pool														0.00
Prefund Release to Certificate Holders														0.00
Prefunding Account Ending Balance														0.00





Page 7 of 28
IXIS Real Estate Capital Trust 2005-HE1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-HE1

August 25, 2005 Distribution

CHARACTERISTICS
CHARACTERISTICS
														Total
Weighted Average Coupon Original														7.44269%
Weighted Average Coupon Prior														7.41676%
Weighted Average Coupon Current														7.41377%
Weighted Average Months to Maturity Original														349
Weighted Average Months to Maturity Prior														344
Weighted Average Months to Maturity Current														343
Weighted Avg Remaining Amortization Term Original														349
Weighted Avg Remaining Amortization Term Prior														344
Weighted Avg Remaining Amortization Term Current														343
Weighted Average Seasoning Original														4.33
Weighted Average Seasoning Prior														7.92
Weighted Average Seasoning Current														8.88









Page 8 of 28
IXIS Real Estate Capital Trust 2005-HE1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-HE1

August 25, 2005 Distribution

ARM CHARACTERISTICS
ARM CHARACTERISTICS
														Total
Weighted Average Margin Original														6.66961%
Weighted Average Margin Prior														6.61621%
Weighted Average Margin Current														6.61620%
Weighted Average Max Rate Original														13.83833%
Weighted Average Max Rate Prior														13.79960%
Weighted Average Max Rate Current														13.79331%
Weighted Average Min Rate Original														7.31764%
Weighted Average Min Rate Prior														7.28660%
Weighted Average Min Rate Current														7.28342%
Weighted Average Cap Up Original														1.25975%
Weighted Average Cap Up Prior														1.24115%
Weighted Average Cap Up Current														1.23791%
Weighted Average Cap Down Original														1.25975%
Weighted Average Cap Down Prior														1.24115%
Weighted Average Cap Down Current														1.23791%




SERVICING FEES & ADVANCES

															Total




Current Servicing Fees														60,326.07
Delinquent Servicing Fees														198,365.09
TOTAL SERVICING FEES														258,691.18


Compensating Interest														-16,478.98
Delinquent Servicing Fees														-198,365.09
COLLECTED SERVICING FEES														43,847.11


Aggregate Advances with respect to this Distribution														2,975,460.11





ADDITIONAL COLLATERAL INFORMATION
														Total
Net Prepayment Interest Shortfall														0.00




Page 9 of 28
IXIS Real Estate Capital Trust 2005-HE1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-HE1

August 25, 2005 Distribution
Delinquency Report

	TOTAL
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				11,343,377.77		4,002,090.64		795,150.84		16,140,619.25
			% Balance				1.92%		0.68%		0.13%		2.73%
			# Loans				82		26		10		118
			% # Loans				2.32%		0.74%		0.28%		3.34%
	FORECLOSURE		Balance		619,824.53		730,951.66		1,822,800.06		5,081,663.58		8,255,239.83
			% Balance		0.10%		0.12%		0.31%		0.86%		1.40%
			# Loans		2		4		11		30		47
			% # Loans		0.06%		0.11%		0.31%		0.85%		1.33%
	BANKRUPTCY		Balance		301,428.94		141,193.14		67,909.78		319,077.69		829,609.55
			% Balance		0.05%		0.02%		0.01%		0.05%		0.14%
			# Loans		2		1		1		3		7
			% # Loans		0.06%		0.03%		0.03%		0.08%		0.20%
	REO		Balance		0.00		0.00		0.00		219,886.74		219,886.74
			% Balance		0.00%		0.00%		0.00%		0.04%		0.04%
			# Loans		0		0		0		3		3
			% # Loans		0.00%		0.00%		0.00%		0.08%		0.08%
	TOTAL		Balance		921,253.47		12,215,522.57		5,892,800.48		6,415,778.85		25,445,355.37
			% Balance		0.16%		2.06%		1.00%		1.08%		4.30%
			# Loans		4		87		38		46		175
			% # Loans		0.11%		2.46%		1.07%		1.30%		4.95%









Page 10 of 28
IXIS Real Estate Capital Trust 2005-HE1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-HE1

August 25, 2005 Distribution


	GROUP 1
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				11,343,377.77		4,002,090.64		795,150.84		16,140,619.25
			% Balance				1.92%		0.68%		0.13%		2.73%
			# Loans				82		26		10		118
			% # Loans				2.32%		0.74%		0.28%		3.34%
	FORECLOSURE		Balance		619,824.53		730,951.66		1,822,800.06		5,081,663.58		8,255,239.83
			% Balance		0.10%		0.12%		0.31%		0.86%		1.40%
			# Loans		2		4		11		30		47
			% # Loans		0.06%		0.11%		0.31%		0.85%		1.33%
	BANKRUPTCY		Balance		301,428.94		141,193.14		67,909.78		319,077.69		829,609.55
			% Balance		0.05%		0.02%		0.01%		0.05%		0.14%
			# Loans		2		1		1		3		7
			% # Loans		0.06%		0.03%		0.03%		0.08%		0.20%
	REO		Balance		0.00		0.00		0.00		219,886.74		219,886.74
			% Balance		0.00%		0.00%		0.00%		0.04%		0.04%
			# Loans		0		0		0		3		3
			% # Loans		0.00%		0.00%		0.00%		0.08%		0.08%
	TOTAL		Balance		921,253.47		12,215,522.57		5,892,800.48		6,415,778.85		25,445,355.37
			% Balance		0.16%		2.06%		1.00%		1.08%		4.30%
			# Loans		4		87		38		46		175
			% # Loans		0.11%		2.46%		1.07%		1.30%		4.95%










Page 11 of 28
IXIS Real Estate Capital Trust 2005-HE1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-HE1

August 25, 2005 Distribution
	GROUP 2










Page 12 of 28
IXIS Real Estate Capital Trust 2005-HE1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-HE1

August 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
913 1
913 1			25,000.00		24,884.91		01-Jan-2005		9.990%		MI - 20.00%		360		01-Nov-2004

2755 1			110,400.00		109,471.41		01-Feb-2005		6.440%		GA - 80.00%		360		01-Dec-2004
3481 1			85,800.00		85,530.42		01-Jan-2005		10.700%		TN - 65.00%		360		01-Jan-2005


TOTAL			221,200.00		219,886.74


Page 13 of 28
IXIS Real Estate Capital Trust 2005-HE1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-HE1

August 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
57 1
57 1			61,200.00		60,607.88		01-Apr-2005		8.125%		MI - 85.00%		360		01-Jul-2004

78 1			264,800.00		264,798.35		01-Feb-2005		6.500%		MS - 80.00%		360		01-Jul-2004
346 1			187,000.00		186,144.53		05-Apr-2005		10.650%		GA - 85.00%		360		05-Sep-2004
469 1			87,200.00		86,185.56		01-Dec-2004		7.500%		GA - 80.00%		360		01-Jun-2004
484 1			76,500.00		75,619.67		01-Dec-2004		7.840%		IL - 90.00%		360		01-Aug-2004
632 1			40,000.00		39,830.30		18-Mar-2005		10.850%		MS - 80.00%		360		18-Sep-2004
796 1			61,200.00		60,809.37		01-Feb-2005		8.400%		OH - 90.00%		360		01-Nov-2004
804 1			79,050.00		78,502.29		01-Dec-2004		7.990%		OH - 85.00%		360		01-Nov-2004
925 1			315,000.00		312,270.33		01-Aug-2005		6.990%		CA - 75.00%		360		01-Nov-2004
940 1			100,000.00		99,355.31		01-Mar-2005		8.350%		IN - 80.00%		360		01-Nov-2004
963 1			196,000.00		194,505.39		01-Apr-2005		7.550%		VA - 80.00%		360		01-Nov-2004
968 1			263,700.00		261,257.11		01-Feb-2005		6.500%		CA - 90.00%		360		01-Nov-2004
1041 1			139,500.00		138,277.47		01-Mar-2005		6.790%		GA - 90.00%		360		01-Nov-2004
1115 1			80,000.00		79,435.65		01-Dec-2004		7.900%		NJ - 23.19%		360		01-Nov-2004
1287 1			140,000.00		138,673.09		01-Mar-2005		6.380%		CA - 80.00%		360		01-Nov-2004
1472 1			160,000.00		159,407.24		05-Dec-2004		10.500%		GA - 100.00%		360		05-Nov-2004
1487 1			126,000.00		125,502.65		26-Mar-2005		10.200%		GA - 90.00%		360		26-Nov-2004
1514 1			187,500.00		186,478.41		25-Jan-2005		8.900%		MD - 75.00%		360		25-Nov-2004
1543 1			72,000.00		71,721.66		26-Feb-2005		10.300%		LA - 80.00%		360		26-Nov-2004
1576 1			51,100.00		50,889.61		01-Mar-2005		10.000%		MI - 70.00%		360		01-Dec-2004
1600 1			102,200.00		101,786.46		02-Apr-2005		9.500%		VA - 70.00%		360		02-Dec-2004
1643 1			228,750.00		227,862.23		04-Dec-2004		9.700%		MA - 75.00%		360		04-Dec-2004
1645 1			52,000.00		51,801.97		04-Apr-2005		9.790%		MI - 80.00%		360		04-Dec-2004
1872 1			525,000.00		521,296.80		01-Dec-2004		7.900%		CA - 59.32%		360		01-Nov-2004
1962 1			46,410.00		46,257.79		22-Jan-2005		10.500%		LA - 70.00%		360		22-Dec-2004
1970 1			40,000.00		39,843.14		22-Mar-2005		9.650%		WV - 59.26%		360		22-Dec-2004
2033 1			159,900.00		159,292.30		01-Apr-2005		9.800%		AZ - 82.00%		360		01-Jan-2005
2197 1			144,000.00		142,938.60		01-Feb-2005		6.500%		FL - 80.00%		360		01-Jan-2005
2207 1			270,000.00		268,653.68		01-Mar-2005		8.575%		CA - 90.00%		360		01-Jan-2005
2416 1			380,000.00		379,884.83		01-Mar-2005		7.230%		CA - 80.00%		360		01-Jan-2005
2469 1			225,000.00		224,205.00		01-Jan-2005		9.490%		FL - 90.00%		360		01-Feb-2005
2562 1			252,500.00		251,242.93		01-Apr-2005		8.490%		MD - 81.45%		360		01-Jan-2005
2581 1			210,400.00		210,399.14		01-Apr-2005		6.640%		CA - 80.00%		360		01-Jan-2005
2757 1			309,700.00		307,554.20		01-Jul-2005		7.990%		CA - 51.62%		360		01-Nov-2004
2833 1			274,400.00		272,919.12		01-Dec-2004		8.090%		ID - 80.00%		360		01-Jan-2005
2919 1			88,000.00		87,640.63		01-Mar-2005		8.790%		GA - 80.00%		360		01-Feb-2005
3051 1			339,500.00		337,869.84		01-Jan-2005		7.990%		CA - 70.00%		360		01-Feb-2005
3119 1			284,200.00		282,794.81		01-Apr-2005		8.250%		CA - 70.00%		360		01-Feb-2005
3362 1			225,000.00		224,993.72		01-Mar-2005		6.100%		CA - 75.00%		360		01-Feb-2005
3434 1			67,500.00		67,047.02		01-Jan-2005		8.150%		OH - 75.00%		360		01-Nov-2004
3476 1			88,200.00		87,820.25		17-Feb-2005		9.200%		FL - 90.00%		360		17-Dec-2004
3646 1			35,000.00		34,548.98		01-Mar-2005		9.450%		FL - 41.18%		180		01-Apr-2005
3739 1			91,800.00		91,314.30		01-Mar-2005		9.800%		IN - 90.00%		360		01-Oct-2004
3761 1			393,000.00		391,218.70		24-Apr-2005		8.950%		CA - 75.00%		360		24-Dec-2004
3766 1			148,040.00		147,166.06		01-Apr-2005		7.450%		CO - 89.72%		360		01-Feb-2005
3818 1			313,037.00		311,615.46		01-Apr-2005		7.480%		IL - 80.00%		360		01-Mar-2005
4503028229 1			315,000.00		315,000.00		01-Mar-2005		7.625%		MI - 70.79%		360		01-Feb-2005


TOTAL			8,296,287.00		8,255,239.83


Page 14 of 28
IXIS Real Estate Capital Trust 2005-HE1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-HE1

August 25, 2005 Distribution
Prepayment Report

VOLUNTARY PREPAYMENTS
VOLUNTARY PREPAYMENTS

															Total




Current


Number of Paid in Full Loans														157
Number of Repurchased Loans														0
Total Number of Loans Prepaid in Full														157
Curtailments Amount														25,401.91
Paid in Full Balance														28,364,119.39
Repurchased Loans Balance														0.00
Total Prepayment Amount														28,389,521.30

Cumulative


Number of Paid in Full Loans														598
Number of Repurchased Loans														0
Total Number of Loans Prepaid in Full														598
Paid in Full Balance														113,398,769.91
Repurchased Loans Balance														0.00
Curtailments Amount														212,561.12
Total Prepayment Amount														113,611,331.03










Page 15 of 28
IXIS Real Estate Capital Trust 2005-HE1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-HE1

August 25, 2005 Distribution

VOLUNTARY PREPAYMENTS RATES
VOLUNTARY PREPAYMENTS RATES

															Total



SMM														4.66%
3 Months Avg SMM														3.88%
12 Months Avg SMM														3.01%
Avg SMM Since Cut-off														3.01%


CPR														43.57%
3 Months Avg CPR														37.81%
12 Months Avg CPR														30.72%
Avg CPR Since Cut-off														30.72%


PSA														2,452.39%
3 Months Avg PSA Approximation														2,388.07%
12 Months Avg PSA Approximation														2,334.89%
Avg PSA Since Cut-off Approximation														2,334.89%










Page 16 of 28
IXIS Real Estate Capital Trust 2005-HE1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-HE1

August 25, 2005 Distribution






PREPAYMENT CALCULATION METHODOLOGY

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













Page 17 of 28
IXIS Real Estate Capital Trust 2005-HE1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-HE1

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

&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

8 1			68,000.00		67,023.01			01-Aug-2005		6.130%		FL - 80.00%		Paid Off - 360		01-Jun-2004
			68,000.00

20 1			169,200.00		166,917.90			25-Jul-2005		6.500%		FL - 90.00%		Paid Off - 360		01-Jun-2004
20 1					166,917.90			25-Jul-2005		6.500%		FL - 90.00%		Paid Off - 360		01-Jun-2004
40 1			89,100.00		87,779.54			21-Jul-2005		8.090%		WI - 90.00%		Paid Off - 360		01-Jun-2004
40 1					87,779.54			21-Jul-2005		8.090%		WI - 90.00%		Paid Off - 360		01-Jun-2004
61 1			124,200.00		122,953.15			08-Aug-2005		7.125%		FL - 90.00%		Paid Off - 360		10-Jul-2004
61 1					122,953.15			08-Aug-2005		7.125%		FL - 90.00%		Paid Off - 360		10-Jul-2004
93 1			268,000.00		268,000.00			27-Jul-2005		6.500%		NY - 80.00%		Paid Off - 360		01-Aug-2004
93 1					268,000.00			27-Jul-2005		6.500%		NY - 80.00%		Paid Off - 360		01-Aug-2004
105 1			45,000.00		44,716.44			12-Aug-2005		9.450%		MS - 75.00%		Paid Off - 360		01-Aug-2004
105 1					44,716.44			12-Aug-2005		9.450%		MS - 75.00%		Paid Off - 360		01-Aug-2004
125 1			147,000.00		146,507.86			01-Aug-2005		12.369%		CT - 84.97%		Paid Off - 360		01-Aug-2004
125 1					146,507.86			01-Aug-2005		12.369%		CT - 84.97%		Paid Off - 360		01-Aug-2004
150 1			272,000.00		272,000.00			28-Jul-2005		7.540%		CA - 80.00%		Paid Off - 360		01-Aug-2004
150 1					272,000.00			28-Jul-2005		7.540%		CA - 80.00%		Paid Off - 360		01-Aug-2004
175 1			85,500.00		80,098.63			18-Jul-2005		9.439%		VT - 42.12%		Paid Off - 120		01-Aug-2004
175 1					80,098.63			18-Jul-2005		9.439%		VT - 42.12%		Paid Off - 120		01-Aug-2004
195 1			157,000.00		152,431.48			03-Aug-2005		7.987%		NY - 80.51%		Paid Off - 360		01-Aug-2004
195 1					152,431.48			03-Aug-2005		7.987%		NY - 80.51%		Paid Off - 360		01-Aug-2004
201 1			124,800.00		123,856.48			27-Jul-2005		8.500%		CA - 80.00%		Paid Off - 360		01-Aug-2004
201 1					123,856.48			27-Jul-2005		8.500%		CA - 80.00%		Paid Off - 360		01-Aug-2004
229 1			140,700.00		139,284.47			12-Aug-2005		7.050%		FL - 70.00%		Paid Off - 360		01-Aug-2004
229 1					139,284.47			12-Aug-2005		7.050%		FL - 70.00%		Paid Off - 360		01-Aug-2004
248 1			234,400.00		231,461.97			19-Jul-2005		5.890%		CA - 80.00%		Paid Off - 360		01-Aug-2004
248 1					231,461.97			19-Jul-2005		5.890%		CA - 80.00%		Paid Off - 360		01-Aug-2004
252 1			222,299.00		222,299.00			28-Jul-2005		6.875%		CA - 80.00%		Paid Off - 360		01-Aug-2004
252 1					222,299.00			28-Jul-2005		6.875%		CA - 80.00%		Paid Off - 360		01-Aug-2004
256 1			276,000.00		276,000.00			28-Jul-2005		6.250%		CA - 80.00%		Paid Off - 360		01-Aug-2004
256 1					276,000.00			28-Jul-2005		6.250%		CA - 80.00%		Paid Off - 360		01-Aug-2004
268 1			119,700.00		118,612.61			10-Aug-2005		7.575%		CA - 90.00%		Paid Off - 360		01-Aug-2004
268 1					118,612.61			10-Aug-2005		7.575%		CA - 90.00%		Paid Off - 360		01-Aug-2004
288 1			172,000.00		170,206.63			02-Aug-2005		7.350%		CA - 80.00%		Paid Off - 360		01-Jul-2004
288 1					170,206.63			02-Aug-2005		7.350%		CA - 80.00%		Paid Off - 360		01-Jul-2004
290 1			103,500.00		103,499.96			29-Jul-2005		7.050%		IA - 90.00%		Paid Off - 360		01-Jul-2004
290 1					103,499.96			29-Jul-2005		7.050%		IA - 90.00%		Paid Off - 360		01-Jul-2004
305 1			157,600.00		157,600.00			27-Jul-2005		6.740%		CA - 80.00%		Paid Off - 360		01-Aug-2004
305 1					157,600.00			27-Jul-2005		6.740%		CA - 80.00%		Paid Off - 360		01-Aug-2004
343 1			213,750.00		209,875.42			10-Aug-2005		8.990%		CT - 75.00%		Paid Off - 240		02-Sep-2004
343 1					209,875.42			10-Aug-2005		8.990%		CT - 75.00%		Paid Off - 240		02-Sep-2004
356 1			74,999.00		73,863.82			20-Jul-2005		7.550%		AR - 73.53%		Paid Off - 360		27-Aug-2004
356 1					73,863.82			20-Jul-2005		7.550%		AR - 73.53%		Paid Off - 360		27-Aug-2004
366 1			68,400.00		67,953.20			22-Jul-2005		9.000%		IA - 60.00%		Paid Off - 360		04-Sep-2004
366 1					67,953.20			22-Jul-2005		9.000%		IA - 60.00%		Paid Off - 360		04-Sep-2004
386 1			230,400.00		230,400.00			09-Aug-2005		5.775%		CA - 80.00%		Paid Off - 360		01-Sep-2004
386 1					230,400.00			09-Aug-2005		5.775%		CA - 80.00%		Paid Off - 360		01-Sep-2004
435 1			340,449.00		340,449.00			29-Jul-2005		6.490%		CA - 80.00%		Paid Off - 360		01-Sep-2004
435 1					340,449.00			29-Jul-2005		6.490%		CA - 80.00%		Paid Off - 360		01-Sep-2004
440 1			152,000.00		150,386.87			18-Jul-2005		6.300%		CA - 80.00%		Paid Off - 360		01-Sep-2004
440 1					150,386.87			18-Jul-2005		6.300%		CA - 80.00%		Paid Off - 360		01-Sep-2004
447 1			311,200.00		311,200.00			01-Aug-2005		5.990%		CA - 80.00%		Paid Off - 360		01-Sep-2004
447 1					311,200.00			01-Aug-2005		5.990%		CA - 80.00%		Paid Off - 360		01-Sep-2004
468 1			421,600.00		421,595.11			26-Jul-2005		8.050%		GA - 80.00%		Paid Off - 360		01-Aug-2004
468 1					421,595.11			26-Jul-2005		8.050%		GA - 80.00%		Paid Off - 360		01-Aug-2004
475 1			46,500.00		36,254.31			02-Aug-2005		12.250%		CO - 15.00%		Paid Off - 180		01-Sep-2004
475 1					36,254.31			02-Aug-2005		12.250%		CO - 15.00%		Paid Off - 180		01-Sep-2004
478 1			134,000.00		132,480.99			01-Aug-2005		6.740%		GA - 86.45%		Paid Off - 360		01-Aug-2004
478 1					132,480.99			01-Aug-2005		6.740%		GA - 86.45%		Paid Off - 360		01-Aug-2004
492 1			360,000.00		360,000.00			12-Aug-2005		5.990%		CA - 80.00%		Paid Off - 360		01-Sep-2004
492 1					360,000.00			12-Aug-2005		5.990%		CA - 80.00%		Paid Off - 360		01-Sep-2004
493 1			328,500.00		325,553.65			02-Aug-2005		7.640%		CA - 90.00%		Paid Off - 360		01-Aug-2004
493 1					325,553.65			02-Aug-2005		7.640%		CA - 90.00%		Paid Off - 360		01-Aug-2004
515 1			300,000.00		300,000.00			26-Jul-2005		6.340%		CA - 80.00%		Paid Off - 360		01-Sep-2004
515 1					300,000.00			26-Jul-2005		6.340%		CA - 80.00%		Paid Off - 360		01-Sep-2004
571 1			114,420.00		114,417.77			09-Aug-2005		7.000%		FL - 80.00%		Paid Off - 360		01-Sep-2004
571 1					114,417.77			09-Aug-2005		7.000%		FL - 80.00%		Paid Off - 360		01-Sep-2004
573 1			99,100.00		96,417.02			21-Jul-2005		10.240%		CA - 20.00%		Paid Off - 180		01-Oct-2004
573 1					96,417.02			21-Jul-2005		10.240%		CA - 20.00%		Paid Off - 180		01-Oct-2004
622 1			126,350.00		125,490.06			03-Aug-2005		8.950%		MD - 95.00%		Paid Off - 360		01-Oct-2004
622 1					125,490.06			03-Aug-2005		8.950%		MD - 95.00%		Paid Off - 360		01-Oct-2004
651 1			139,000.00		137,829.06			21-Jul-2005		6.995%		AZ - 72.02%		Paid Off - 360		01-Oct-2004
651 1					137,829.06			21-Jul-2005		6.995%		AZ - 72.02%		Paid Off - 360		01-Oct-2004
690 1			23,200.00		23,099.60			10-Aug-2005		10.750%		CA - 20.00%		Paid Off - 180		01-Sep-2004
690 1					23,099.60					10.750%		CA - 20.00%		Paid Off - 180


Page 18 of 28
IXIS Real Estate Capital Trust 2005-HE1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-HE1

August 25, 2005 Distribution

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

&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

711 1			639,000.00		638,999.98			11-Aug-2005		7.450%		CA - 90.00%		Paid Off - 360		01-Aug-2004
			639,000.00

724 1			225,000.00		222,710.03			02-Aug-2005		6.990%		NY - 48.91%		Paid Off - 360		01-Aug-2004
724 1					222,710.03			02-Aug-2005		6.990%		NY - 48.91%		Paid Off - 360		01-Aug-2004
729 1			188,000.00		188,000.00			20-Jul-2005		6.600%		MD - 80.00%		Paid Off - 360		01-Aug-2004
729 1					188,000.00			20-Jul-2005		6.600%		MD - 80.00%		Paid Off - 360		01-Aug-2004
774 1			235,600.00		235,600.00			11-Aug-2005		9.125%		RI - 95.00%		Paid Off - 360		15-Sep-2004
774 1					235,600.00			11-Aug-2005		9.125%		RI - 95.00%		Paid Off - 360		15-Sep-2004
859 1			39,000.00		38,869.79			22-Jul-2005		11.500%		HI - 20.00%		Paid Off - 360		01-Oct-2004
859 1					38,869.79			22-Jul-2005		11.500%		HI - 20.00%		Paid Off - 360		01-Oct-2004
867 1			58,500.00		58,232.37			04-Aug-2005		9.500%		OH - 90.00%		Paid Off - 360		01-Nov-2004
867 1					58,232.37			04-Aug-2005		9.500%		OH - 90.00%		Paid Off - 360		01-Nov-2004
880 1			70,580.00		70,288.81			04-Aug-2005		9.990%		CA - 20.00%		Paid Off - 360		01-Nov-2004
880 1					70,288.81			04-Aug-2005		9.990%		CA - 20.00%		Paid Off - 360		01-Nov-2004
914 1			468,000.00		464,794.74			25-Jul-2005		7.500%		CA - 80.00%		Paid Off - 360		01-Nov-2004
914 1					464,794.74			25-Jul-2005		7.500%		CA - 80.00%		Paid Off - 360		01-Nov-2004
932 1			100,000.00		99,174.52			01-Aug-2005		7.100%		CA - 74.07%		Paid Off - 360		01-Oct-2004
932 1					99,174.52			01-Aug-2005		7.100%		CA - 74.07%		Paid Off - 360		01-Oct-2004
977 1			143,120.00		141,833.94			09-Aug-2005		6.350%		WV - 80.00%		Paid Off - 360		01-Nov-2004
977 1					141,833.94			09-Aug-2005		6.350%		WV - 80.00%		Paid Off - 360		01-Nov-2004
1013 1			158,000.00		157,490.63			27-Jul-2005		11.150%		CA - 59.85%		Paid Off - 360		01-Nov-2004
1013 1					157,490.63			27-Jul-2005		11.150%		CA - 59.85%		Paid Off - 360		01-Nov-2004
1047 1			147,780.00		146,608.76			21-Jul-2005		6.750%		CO - 90.00%		Paid Off - 360		01-Nov-2004
1047 1					146,608.76			21-Jul-2005		6.750%		CO - 90.00%		Paid Off - 360		01-Nov-2004
1085 1			82,000.00		81,525.84			01-Aug-2005		8.350%		MN - 84.54%		Paid Off - 360		01-Nov-2004
1085 1					81,525.84			01-Aug-2005		8.350%		MN - 84.54%		Paid Off - 360		01-Nov-2004
1099 1			160,640.00		159,506.86			03-Aug-2005		7.350%		MN - 80.00%		Paid Off - 360		01-Nov-2004
1099 1					159,506.86			03-Aug-2005		7.350%		MN - 80.00%		Paid Off - 360		01-Nov-2004
1150 1			121,500.00		120,556.21			12-Aug-2005		7.150%		MD - 84.97%		Paid Off - 360		01-Nov-2004
1150 1					120,556.21			12-Aug-2005		7.150%		MD - 84.97%		Paid Off - 360		01-Nov-2004
1187 1			292,000.00		288,418.41			04-Aug-2005		4.990%		IL - 79.78%		Paid Off - 360		01-Oct-2004
1187 1					288,418.41			04-Aug-2005		4.990%		IL - 79.78%		Paid Off - 360		01-Oct-2004
1198 1			400,000.00		396,433.44			29-Jul-2005		6.700%		NJ - 83.33%		Paid Off - 360		01-Oct-2004
1198 1					396,433.44			29-Jul-2005		6.700%		NJ - 83.33%		Paid Off - 360		01-Oct-2004
1226 1			165,000.00		163,725.54			10-Aug-2005		6.950%		CA - 73.33%		Paid Off - 360		01-Nov-2004
1226 1					163,725.54			10-Aug-2005		6.950%		CA - 73.33%		Paid Off - 360		01-Nov-2004
1243 1			149,000.00		147,212.60			21-Jul-2005		6.990%		NJ - 84.90%		Paid Off - 360		01-Nov-2004
1243 1					147,212.60			21-Jul-2005		6.990%		NJ - 84.90%		Paid Off - 360		01-Nov-2004
1262 1			135,000.00		134,272.84			28-Jul-2005		8.700%		PA - 75.84%		Paid Off - 360		01-Nov-2004
1262 1					134,272.84			28-Jul-2005		8.700%		PA - 75.84%		Paid Off - 360		01-Nov-2004
1273 1			224,000.00		222,305.09			04-Aug-2005		6.990%		NJ - 80.00%		Paid Off - 360		01-Nov-2004
1273 1					222,305.09			04-Aug-2005		6.990%		NJ - 80.00%		Paid Off - 360		01-Nov-2004
1309 1			130,000.00		129,074.03			01-Aug-2005		7.300%		FL - 86.67%		Paid Off - 360		01-Nov-2004
1309 1					129,074.03			01-Aug-2005		7.300%		FL - 86.67%		Paid Off - 360		01-Nov-2004
1317 1			243,000.00		241,554.17			29-Jul-2005		7.600%		NJ - 69.03%		Paid Off - 360		01-Dec-2004
1317 1					241,554.17			29-Jul-2005		7.600%		NJ - 69.03%		Paid Off - 360		01-Dec-2004
1320 1			166,836.00		166,686.03			28-Jul-2005		6.900%		CA - 80.00%		Paid Off - 360		01-Dec-2004
1320 1					166,686.03			28-Jul-2005		6.900%		CA - 80.00%		Paid Off - 360		01-Dec-2004
1338 1			120,000.00		120,000.00			01-Aug-2005		6.640%		FL - 80.00%		Paid Off - 360		01-Dec-2004
1338 1					120,000.00			01-Aug-2005		6.640%		FL - 80.00%		Paid Off - 360		01-Dec-2004
1349 1			205,600.00		205,600.00			09-Aug-2005		8.990%		WA - 80.00%		Paid Off - 360		01-Dec-2004
1349 1					205,600.00			09-Aug-2005		8.990%		WA - 80.00%		Paid Off - 360		01-Dec-2004
1394 1			450,000.00		447,046.24			22-Jul-2005		7.100%		CA - 90.00%		Paid Off - 360		01-Dec-2004
1394 1					447,046.24			22-Jul-2005		7.100%		CA - 90.00%		Paid Off - 360		01-Dec-2004
1397 1			260,000.00		260,000.00			01-Aug-2005		6.700%		CA - 80.00%		Paid Off - 360		01-Dec-2004
1397 1					260,000.00			01-Aug-2005		6.700%		CA - 80.00%		Paid Off - 360		01-Dec-2004
1425 1			51,400.00		51,255.04			09-Aug-2005		11.240%		WA - 20.00%		Paid Off - 180		01-Dec-2004
1425 1					51,255.04			09-Aug-2005		11.240%		WA - 20.00%		Paid Off - 180		01-Dec-2004
1426 1			65,000.00		64,818.15			27-Jul-2005		11.240%		CA - 20.00%		Paid Off - 180		01-Dec-2004
1426 1					64,818.15			27-Jul-2005		11.240%		CA - 20.00%		Paid Off - 180		01-Dec-2004
1443 1			56,878.00		56,335.08			12-Aug-2005		11.940%		CA - 11.29%		Paid Off - 240		01-Nov-2004
1443 1					56,335.08			12-Aug-2005		11.940%		CA - 11.29%		Paid Off - 240		01-Nov-2004
1492 1			240,300.00		238,939.41			25-Jul-2005		7.850%		PA - 90.00%		Paid Off - 360		20-Nov-2004
1492 1					238,939.41			25-Jul-2005		7.850%		PA - 90.00%		Paid Off - 360		20-Nov-2004
1493 1			293,550.00		291,846.12			08-Aug-2005		7.725%		CA - 95.00%		Paid Off - 360		19-Nov-2004
1493 1					291,846.12			08-Aug-2005		7.725%		CA - 95.00%		Paid Off - 360		19-Nov-2004
1506 1			171,000.00		170,058.48			27-Jul-2005		7.990%		MD - 95.00%		Paid Off - 360		25-Nov-2004
1506 1					170,058.48			27-Jul-2005		7.990%		MD - 95.00%		Paid Off - 360		25-Nov-2004
1507 1			55,000.00		54,748.32			11-Aug-2005		8.900%		MO - 44.00%		Paid Off - 360		20-Nov-2004
1507 1					54,748.32			11-Aug-2005		8.900%		MO - 44.00%		Paid Off - 360		20-Nov-2004
1521 1			266,000.00		264,317.69			09-Aug-2005		7.800%		CA - 95.00%		Paid Off - 360		25-Nov-2004
1521 1					264,317.69			09-Aug-2005		7.800%		CA - 95.00%		Paid Off - 360		25-Nov-2004
1529 1			208,000.00		207,305.38			20-Jul-2005		10.450%		NY - 65.00%		Paid Off - 360		27-Nov-2004
1529 1					207,305.38			20-Jul-2005		10.450%		NY - 65.00%		Paid Off - 360		27-Nov-2004
1549 1			162,000.00		161,371.30			19-Jul-2005		9.700%		NJ - 90.00%		Paid Off - 360		27-Nov-2004
1549 1					161,371.30					9.700%		NJ - 90.00%		Paid Off - 360


Page 19 of 28
IXIS Real Estate Capital Trust 2005-HE1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-HE1

August 25, 2005 Distribution

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

&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

1558 1			304,000.00		302,564.54			25-Jul-2005		8.750%		NJ - 95.00%		Paid Off - 360		01-Dec-2004
			304,000.00

1563 1			70,500.00		70,160.22			19-Jul-2005		8.650%		MO - 100.00%		Paid Off - 360		01-Dec-2004
1563 1					70,160.22			19-Jul-2005		8.650%		MO - 100.00%		Paid Off - 360		01-Dec-2004
1602 1			116,000.00		115,307.99			01-Aug-2005		6.900%		CA - 53.21%		Paid Off - 360		02-Dec-2004
1602 1					115,307.99			01-Aug-2005		6.900%		CA - 53.21%		Paid Off - 360		02-Dec-2004
1628 1			240,000.00		238,830.44			28-Jul-2005		9.650%		MA - 80.00%		Paid Off - 360		03-Dec-2004
1628 1					238,830.44			28-Jul-2005		9.650%		MA - 80.00%		Paid Off - 360		03-Dec-2004
1722 1			312,170.00		310,321.77			03-Aug-2005		7.625%		FL - 95.00%		Paid Off - 360		01-Dec-2004
1722 1					310,321.77			03-Aug-2005		7.625%		FL - 95.00%		Paid Off - 360		01-Dec-2004
1760 1			233,875.00		231,793.91			22-Jul-2005		5.500%		CA - 64.08%		Paid Off - 360		01-Dec-2004
1760 1					231,793.91			22-Jul-2005		5.500%		CA - 64.08%		Paid Off - 360		01-Dec-2004
1805 1			40,000.00		39,436.52			28-Jul-2005		9.450%		CA - 17.39%		Paid Off - 240		01-Nov-2004
1805 1					39,436.52			28-Jul-2005		9.450%		CA - 17.39%		Paid Off - 240		01-Nov-2004
1820 1			105,000.00		104,516.63			15-Aug-2005		8.200%		VA - 88.98%		Paid Off - 360		09-Dec-2004
1820 1					104,516.63			15-Aug-2005		8.200%		VA - 88.98%		Paid Off - 360		09-Dec-2004
1854 1			92,000.00		91,357.23			29-Jul-2005		9.390%		FL - 80.00%		Paid Off - 360		01-Dec-2004
1854 1					91,357.23			29-Jul-2005		9.390%		FL - 80.00%		Paid Off - 360		01-Dec-2004
1866 1			196,400.00		195,531.78			22-Jul-2005		8.400%		CA - 80.00%		Paid Off - 360		01-Jan-2005
1866 1					195,531.78			22-Jul-2005		8.400%		CA - 80.00%		Paid Off - 360		01-Jan-2005
1877 1			581,250.00		577,849.30			12-Aug-2005		6.990%		CA - 75.29%		Paid Off - 360		01-Jan-2005
1877 1					577,849.30			12-Aug-2005		6.990%		CA - 75.29%		Paid Off - 360		01-Jan-2005
1998 1			178,600.00		177,943.48			09-Aug-2005		9.300%		GA - 95.00%		Paid Off - 360		24-Dec-2004
1998 1					177,943.48			09-Aug-2005		9.300%		GA - 95.00%		Paid Off - 360		24-Dec-2004
2000 1			44,850.00		44,717.74			28-Jul-2005		10.350%		MO - 65.00%		Paid Off - 360		24-Dec-2004
2000 1					44,717.74			28-Jul-2005		10.350%		MO - 65.00%		Paid Off - 360		24-Dec-2004
2020 1			240,000.00		238,895.21			22-Jul-2005		8.200%		NV - 80.00%		Paid Off - 360		01-Jan-2005
2020 1					238,895.21			22-Jul-2005		8.200%		NV - 80.00%		Paid Off - 360		01-Jan-2005
2048 1			110,000.00		109,624.04			28-Jul-2005		9.650%		GA - 55.00%		Paid Off - 360		01-Jan-2005
2048 1					109,624.04			28-Jul-2005		9.650%		GA - 55.00%		Paid Off - 360		01-Jan-2005
2132 1			144,400.00		143,306.55			01-Aug-2005		8.500%		NJ - 95.00%		Paid Off - 360		06-Jan-2005
2132 1					143,306.55			01-Aug-2005		8.500%		NJ - 95.00%		Paid Off - 360		06-Jan-2005
2142 1			70,875.00		70,676.93			27-Jul-2005		9.950%		MO - 75.00%		Paid Off - 360		06-Jan-2005
2142 1					70,676.93			27-Jul-2005		9.950%		MO - 75.00%		Paid Off - 360		06-Jan-2005
2143 1			382,500.00		380,700.22			21-Jul-2005		7.300%		WA - 90.00%		Paid Off - 360		06-Jan-2005
2143 1					380,700.22			21-Jul-2005		7.300%		WA - 90.00%		Paid Off - 360		06-Jan-2005
2178 1			206,975.00		205,932.43			01-Aug-2005		7.750%		OR - 85.00%		Paid Off - 360		01-Jan-2005
2178 1					205,932.43			01-Aug-2005		7.750%		OR - 85.00%		Paid Off - 360		01-Jan-2005
2230 1			100,000.00		99,654.67			28-Jul-2005		9.600%		OR - 50.00%		Paid Off - 360		01-Jan-2005
2230 1					99,654.67			28-Jul-2005		9.600%		OR - 50.00%		Paid Off - 360		01-Jan-2005
2279 1			382,100.00		379,813.90			20-Jul-2005		6.875%		CA - 82.17%		Paid Off - 360		01-Jan-2005
2279 1					379,813.90			20-Jul-2005		6.875%		CA - 82.17%		Paid Off - 360		01-Jan-2005
2291 1			75,000.00		74,208.94			10-Aug-2005		9.250%		CA - 13.39%		Paid Off - 180		01-Jan-2005
2291 1					74,208.94			10-Aug-2005		9.250%		CA - 13.39%		Paid Off - 180		01-Jan-2005
2298 1			26,000.00		25,936.66			05-Aug-2005		11.240%		CA - 10.00%		Paid Off - 180		01-Jan-2005
2298 1					25,936.66			05-Aug-2005		11.240%		CA - 10.00%		Paid Off - 180		01-Jan-2005
2322 1			170,000.00		169,035.99			22-Jul-2005		7.150%		CA - 68.00%		Paid Off - 360		01-Jan-2005
2322 1					169,035.99			22-Jul-2005		7.150%		CA - 68.00%		Paid Off - 360		01-Jan-2005
2336 1			81,700.00		78,870.04			27-Jul-2005		8.450%		IL - 95.00%		Paid Off - 180		01-Aug-2004
2336 1					78,870.04			27-Jul-2005		8.450%		IL - 95.00%		Paid Off - 180		01-Aug-2004
2338 1			167,200.00		164,592.02			15-Aug-2005		7.850%		IL - 80.00%		Paid Off - 360		01-Aug-2004
2338 1					164,592.02			15-Aug-2005		7.850%		IL - 80.00%		Paid Off - 360		01-Aug-2004
2360 1			120,700.00		120,227.01			11-Aug-2005		8.990%		NC - 85.00%		Paid Off - 360		01-Jan-2005
2360 1					120,227.01			11-Aug-2005		8.990%		NC - 85.00%		Paid Off - 360		01-Jan-2005
2365 1			253,523.00		252,336.60			28-Jul-2005		8.550%		AZ - 90.00%		Paid Off - 360		01-Jan-2005
2365 1					252,336.60			28-Jul-2005		8.550%		AZ - 90.00%		Paid Off - 360		01-Jan-2005
2368 1			118,500.00		118,012.18			21-Jul-2005		8.750%		FL - 75.00%		Paid Off - 360		01-Jan-2005
2368 1					118,012.18			21-Jul-2005		8.750%		FL - 75.00%		Paid Off - 360		01-Jan-2005
2386 1			78,300.00		78,016.99			25-Jul-2005		9.380%		MI - 90.00%		Paid Off - 360		01-Jan-2005
2386 1					78,016.99			25-Jul-2005		9.380%		MI - 90.00%		Paid Off - 360		01-Jan-2005
2410 1			222,000.00		222,000.00			27-Jul-2005		6.490%		CA - 84.73%		Paid Off - 360		01-Jan-2005
2410 1					222,000.00			27-Jul-2005		6.490%		CA - 84.73%		Paid Off - 360		01-Jan-2005
2415 1			220,500.00		220,500.00			12-Aug-2005		5.990%		CA - 70.00%		Paid Off - 360		01-Jan-2005
2415 1					220,500.00			12-Aug-2005		5.990%		CA - 70.00%		Paid Off - 360		01-Jan-2005
2425 1			10,000.00		465.26			15-Aug-2005		12.990%		CA - 4.44%		Paid Off - 120		01-Dec-2004
2425 1					465.26			15-Aug-2005		12.990%		CA - 4.44%		Paid Off - 120		01-Dec-2004
2483 1			179,800.00		178,945.62			27-Jul-2005		7.250%		AZ - 95.00%		Paid Off - 360		01-Feb-2005
2483 1					178,945.62			27-Jul-2005		7.250%		AZ - 95.00%		Paid Off - 360		01-Feb-2005
2492 1			344,000.00		344,000.00			27-Jul-2005		6.500%		IL - 80.00%		Paid Off - 360		01-Feb-2005
2492 1					344,000.00			27-Jul-2005		6.500%		IL - 80.00%		Paid Off - 360		01-Feb-2005
2497 1			235,450.00		234,671.81			29-Jul-2005		9.050%		FL - 85.00%		Paid Off - 360		01-Feb-2005
2497 1					234,671.81			29-Jul-2005		9.050%		FL - 85.00%		Paid Off - 360		01-Feb-2005
2531 1			38,160.00		38,067.03			04-Aug-2005		10.500%		FL - 20.00%		Paid Off - 180		01-Feb-2005
2531 1					38,067.03			04-Aug-2005		10.500%		FL - 20.00%		Paid Off - 180		01-Feb-2005
2539 1			32,000.00		31,926.11			20-Jul-2005		10.750%		FL - 20.00%		Paid Off - 180		01-Feb-2005
2539 1					31,926.11					10.750%		FL - 20.00%		Paid Off - 180


Page 20 of 28
IXIS Real Estate Capital Trust 2005-HE1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-HE1

August 25, 2005 Distribution

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

&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

2593 1			427,500.00		425,457.52			08-Aug-2005		8.100%		CA - 90.00%		Paid Off - 360		01-Jan-2005
			427,500.00

2596 1			112,500.00		111,832.13			18-Jul-2005		6.100%		CA - 75.00%		Paid Off - 360		01-Feb-2005
2596 1					111,832.13			18-Jul-2005				CA - 75.00%		Paid Off - 360		01-Feb-2005
2706 1			71,700.00		70,739.21			11-Aug-2005		10.750%		CA - 20.00%		Paid Off - 180		01-Feb-2005
2706 1					70,739.21			11-Aug-2005		10.750%		CA - 20.00%		Paid Off - 180		01-Feb-2005
2734 1			32,600.00		32,527.85			28-Jul-2005		10.950%		CA - 20.00%		Paid Off - 180		01-Feb-2005
2734 1					32,527.85			28-Jul-2005		10.950%		CA - 20.00%		Paid Off - 180		01-Feb-2005
2790 1			140,250.00		139,463.68			12-Aug-2005		8.000%		CA - 85.00%		Paid Off - 360		01-Dec-2004
2790 1					139,463.68			12-Aug-2005		8.000%		CA - 85.00%		Paid Off - 360		01-Dec-2004
2816 1			41,200.00		41,078.62			15-Aug-2005		11.000%		IL - 20.00%		Paid Off - 180		01-Dec-2004
2816 1					41,078.62			15-Aug-2005		11.000%		IL - 20.00%		Paid Off - 180		01-Dec-2004
2820 1			177,450.00		175,870.33			02-Aug-2005		5.500%		CA - 65.00%		Paid Off - 360		01-Dec-2004
2820 1					175,870.33			02-Aug-2005		5.500%		CA - 65.00%		Paid Off - 360		01-Dec-2004
2836 1			127,500.00		127,027.26			09-Aug-2005		8.490%		CA - 75.00%		Paid Off - 360		01-Feb-2005
2836 1					127,027.26			09-Aug-2005		8.490%		CA - 75.00%		Paid Off - 360		01-Feb-2005
2851 1			157,500.00		156,664.60			02-Aug-2005		7.490%		CA - 67.02%		Paid Off - 360		01-Jan-2005
2851 1					156,664.60			02-Aug-2005		7.490%		CA - 67.02%		Paid Off - 360		01-Jan-2005
2873 1			247,500.00		246,651.03			09-Aug-2005		8.870%		CA - 57.56%		Paid Off - 360		01-Feb-2005
2873 1					246,651.03			09-Aug-2005		8.870%		CA - 57.56%		Paid Off - 360		01-Feb-2005
2895 1			229,500.00		227,576.33			12-Aug-2005		6.990%		CA - 79.14%		Paid Off - 360		01-Jan-2005
2895 1					227,576.33			12-Aug-2005		6.990%		CA - 79.14%		Paid Off - 360		01-Jan-2005
2907 1			353,000.00		351,595.09			12-Aug-2005		8.140%		CA - 94.13%		Paid Off - 360		01-Feb-2005
2907 1					351,595.09			12-Aug-2005		8.140%		CA - 94.13%		Paid Off - 360		01-Feb-2005
2947 1			270,000.00		268,568.38			20-Jul-2005		6.690%		CA - 52.43%		Paid Off - 360		01-Feb-2005
2947 1					268,568.38			20-Jul-2005		6.690%		CA - 52.43%		Paid Off - 360		01-Feb-2005
2950 1			186,000.00		185,218.91			25-Jul-2005		7.875%		MD - 75.00%		Paid Off - 360		01-Feb-2005
2950 1					185,218.91			25-Jul-2005		7.875%		MD - 75.00%		Paid Off - 360		01-Feb-2005
2980 1			403,750.00		387,712.91			20-Jul-2005		7.590%		IL - 95.00%		Paid Off - 360		01-Feb-2005
2980 1					387,712.91			20-Jul-2005		7.590%		IL - 95.00%		Paid Off - 360		01-Feb-2005
3020 1			181,050.00		180,196.40			22-Jul-2005		7.290%		VA - 85.00%		Paid Off - 360		01-Feb-2005
3020 1					180,196.40			22-Jul-2005		7.290%		VA - 85.00%		Paid Off - 360		01-Feb-2005
3071 1			192,000.00		191,109.82			20-Jul-2005		7.375%		MD - 72.45%		Paid Off - 360		01-Feb-2005
3071 1					191,109.82			20-Jul-2005		7.375%		MD - 72.45%		Paid Off - 360		01-Feb-2005
3086 1			382,500.00		380,934.21			26-Jul-2005		8.000%		CA - 90.00%		Paid Off - 360		01-Feb-2005
3086 1					380,934.21			26-Jul-2005		8.000%		CA - 90.00%		Paid Off - 360		01-Feb-2005
3089 1			385,000.00		383,343.06			10-Aug-2005		7.750%		CA - 100.00%		Paid Off - 360		01-Feb-2005
3089 1					383,343.06			10-Aug-2005		7.750%		CA - 100.00%		Paid Off - 360		01-Feb-2005
3129 1			149,600.00		148,986.36			01-Aug-2005		7.990%		MD - 85.00%		Paid Off - 360		01-Feb-2005
3129 1					148,986.36			01-Aug-2005		7.990%		MD - 85.00%		Paid Off - 360		01-Feb-2005
3147 1			111,750.00		111,269.07			27-Jul-2005		7.750%		MD - 75.00%		Paid Off - 360		01-Feb-2005
3147 1					111,269.07			27-Jul-2005		7.750%		MD - 75.00%		Paid Off - 360		01-Feb-2005
3202 1			205,000.00		203,925.96			04-Aug-2005		6.750%		CO - 63.08%		Paid Off - 360		01-Feb-2005
3202 1					203,925.96			04-Aug-2005		6.750%		CO - 63.08%		Paid Off - 360		01-Feb-2005
3208 1			116,000.00		115,611.82			09-Aug-2005		8.990%		WY - 80.00%		Paid Off - 360		01-Feb-2005
3208 1					115,611.82			09-Aug-2005		8.990%		WY - 80.00%		Paid Off - 360		01-Feb-2005
3213 1			99,000.00		98,480.62			01-Aug-2005		7.500%		CO - 90.00%		Paid Off - 360		01-Feb-2005
3213 1					98,480.62			01-Aug-2005		7.500%		CO - 90.00%		Paid Off - 360		01-Feb-2005
3344 1			132,000.00		131,454.37			18-Jul-2005		7.100%		AZ - 75.00%		Paid Off - 360		01-Mar-2005
3344 1					131,454.37			18-Jul-2005		7.100%		AZ - 75.00%		Paid Off - 360		01-Mar-2005
3347 1			189,000.00		188,370.26			01-Aug-2005		8.100%		CA - 70.00%		Paid Off - 360		01-Mar-2005
3347 1					188,370.26			01-Aug-2005		8.100%		CA - 70.00%		Paid Off - 360		01-Mar-2005
3349 1			513,000.00		511,033.84			02-Aug-2005		7.400%		MD - 90.00%		Paid Off - 360		01-Mar-2005
3349 1					511,033.84			02-Aug-2005		7.400%		MD - 90.00%		Paid Off - 360		01-Mar-2005
3406 1			60,000.00		59,619.24			02-Aug-2005		9.800%		AZ - 80.00%		Paid Off - 360		17-Jun-2004
3406 1					59,619.24			02-Aug-2005		9.800%		AZ - 80.00%		Paid Off - 360		17-Jun-2004
3425 1			229,592.00		229,592.00			28-Jul-2005		6.850%		CA - 80.00%		Paid Off - 360		01-Sep-2004
3425 1					229,592.00			28-Jul-2005		6.850%		CA - 80.00%		Paid Off - 360		01-Sep-2004
3432 1			154,000.00		152,847.25			08-Aug-2005		7.600%		IL - 80.00%		Paid Off - 360		01-Oct-2004
3432 1					152,847.25			08-Aug-2005		7.600%		IL - 80.00%		Paid Off - 360		01-Oct-2004
3441 1			35,780.00		35,683.81			09-Aug-2005		11.990%		WV - 20.00%		Paid Off - 360		01-Nov-2004
3441 1					35,683.81			09-Aug-2005		11.990%		WV - 20.00%		Paid Off - 360		01-Nov-2004
3514 1			415,000.00		413,122.89			05-Aug-2005		7.500%		CA - 100.00%		Paid Off - 360		01-Feb-2005
3514 1					413,122.89			05-Aug-2005		7.500%		CA - 100.00%		Paid Off - 360		01-Feb-2005
3541 1			126,000.00		125,351.85			08-Aug-2005		7.200%		FL - 80.00%		Paid Off - 360		01-Feb-2005
3541 1					125,351.85			08-Aug-2005		7.200%		FL - 80.00%		Paid Off - 360		01-Feb-2005
3627 1			70,000.00		69,736.99			15-Aug-2005		7.500%		CO - 88.61%		Paid Off - 360		01-Mar-2005
3627 1					69,736.99			15-Aug-2005		7.500%		CO - 88.61%		Paid Off - 360		01-Mar-2005
3650 1			221,400.00		219,308.56			21-Jul-2005		7.800%		NV - 90.00%		Paid Off - 360		01-Jul-2004
3650 1					219,308.56			21-Jul-2005		7.800%		NV - 90.00%		Paid Off - 360		01-Jul-2004
3693 1			110,500.00		109,773.70			12-Aug-2005		9.739%		FL - 85.00%		Paid Off - 360		01-Jul-2004
3693 1					109,773.70			12-Aug-2005		9.739%		FL - 85.00%		Paid Off - 360		01-Jul-2004
3712 1			91,800.00		90,865.71			11-Aug-2005		6.990%		FL - 73.44%		Paid Off - 360		01-Aug-2004
3712 1					90,865.71			11-Aug-2005		6.990%		FL - 73.44%		Paid Off - 360		01-Aug-2004
3756 1			44,000.00		43,807.16			02-Aug-2005		9.700%		CA - 17.60%		Paid Off - 180		01-Nov-2004
3756 1					43,807.16					9.700%		CA - 17.60%		Paid Off - 180


Page 21 of 28
IXIS Real Estate Capital Trust 2005-HE1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-HE1

August 25, 2005 Distribution

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

&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

3759 1			139,750.00		139,374.45			27-Jul-2005		10.850%		CA - 65.00%		Paid Off - 360		22-Dec-2004
			139,750.00

3789 1			405,000.00		403,473.92			22-Jul-2005		8.410%		FL - 100.00%		Paid Off - 360		01-Feb-2005
3789 1					403,473.92			22-Jul-2005		8.410%		FL - 100.00%		Paid Off - 360		01-Feb-2005
3890 1			250,000.00		250,000.00			28-Jul-2005		8.775%		CT - 100.00%		Paid Off - 360		01-Sep-2004
3890 1					250,000.00			28-Jul-2005		8.775%		CT - 100.00%		Paid Off - 360		01-Sep-2004
454027 1			70,380.00		70,118.66			02-Aug-2005		9.250%		CA - 20.05%		Paid Off - 180		01-Jan-2005
454027 1					70,118.66			02-Aug-2005		9.250%		CA - 20.05%		Paid Off - 180		01-Jan-2005
3000005988 1			40,000.00		39,928.49			03-Aug-2005		10.000%		KS - 80.00%		Paid Off - 360		04-Mar-2005
3000005988 1					39,928.49			03-Aug-2005		10.000%		KS - 80.00%		Paid Off - 360		04-Mar-2005
4303006169 1			123,250.00		122,036.46			01-Aug-2005		6.700%		CA - 85.00%		Paid Off - 360		01-Sep-2004
4303006169 1					122,036.46			01-Aug-2005		6.700%		CA - 85.00%		Paid Off - 360		01-Sep-2004


TOTAL			28,550,781.00		28,364,119.39
TOTAL


Page 22 of 28
IXIS Real Estate Capital Trust 2005-HE1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-HE1

August 25, 2005 Distribution
Realized Loss Report

COLLATERAL REALIZED LOSSES



															Total


Current
Current



Number of Loans Liquidated														1
Collateral Principal Realized Loss/(Gain) Amount														1,223.30
Collateral Interest Realized Loss/(Gain) Amount														0.00
Net Liquidation Proceeds														502,776.70

Cumulative
Cumulative



Number of Loans Liquidated														1
Collateral Realized Loss/(Gain) Amount														1,223.30
Net Liquidation Proceeds														502,776.70










Page 23 of 28
IXIS Real Estate Capital Trust 2005-HE1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-HE1

August 25, 2005 Distribution


DEFAULT SPEEDS



															Total



MDR														0.08%
3 Months Avg MDR														0.03%
12 Months Avg MDR														0.01%
Avg MDR Since Cut-off														0.01%


CDR														0.97%
3 Months Avg CDR														0.32%
12 Months Avg CDR														0.16%
Avg CDR Since Cut-off														0.16%


SDA														5.46%
3 Months Avg SDA Approximation														2.05%
12 Months Avg SDA Approximation														1.23%
Avg SDA Since Cut-off Approximation														1.23%


Loss Severity Approximation for Current Period														0.24%
3 Months Avg Loss Severity Approximation														0.08%
12 Months Avg Loss Severity Approximation														0.04%
Avg Loss Severity Approximation Since Cut-off														0.04%












Page 24 of 28
IXIS Real Estate Capital Trust 2005-HE1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-HE1

August 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 25 of 28
IXIS Real Estate Capital Trust 2005-HE1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-HE1

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

Loan Group		Status	Rate		Origination		Term		Balance		Revision		Loss/(Gain)		Loss/(Gain)
Loan Group		Status	Rate		Origination		Term		Balance		Revision		Loss/(Gain)		Loss/(Gain)
1875 1
1875 1			7.300%		CA - 80.00%		360		504,000.00				1,223.30		0.00



TOTAL									504,000.00			1,223.30		0.00



Page 26 of 28
IXIS Real Estate Capital Trust 2005-HE1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-HE1

August 25, 2005 Distribution
Triggers and Adj. Cert. Report
TRIGGER EVENTS
TRIGGER EVENTS
														Total
						Trigger Event in effect (0=No , 1=Yes)								0
						Stepdown Date has occurred (0 = No, 1=Yes)								0
						Balances 60+ days includes Bankruptcy and Foreclosure								33,433,913.89
						Ending Balance								591,636,941.27
						Senior Enhancement Percentage								22.1200%



ADJUSTABLE RATE CERTIFICATE INFORMATION

SPACE INTENTIONALLY LEFT BLANK



ADDITIONAL INFORMATION
ADDITIONAL INFORMATION
														Total
Basis Risk CarryForward Amount Paid														1,666.43
Basis Risk CarryForward Amount Unpaid														0.000
Excess Reserve Fund Account Balance														0.00
Current LIBOR Rate														3.460000%
Next LIBOR Rate														3.641250%




Page 27 of 28
IXIS Real Estate Capital Trust 2005-HE1

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2005-HE1

August 25, 2005 Distribution
Other Related Information
ADDITIONAL INFORMATION
ADDITIONAL INFORMATION
														Total









Page 28 of 28

IXIS Real Estate Capital Trust 2005-HE1 8-K