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

              GS Mortgage Securities Corporation (as Depositor under the
               Pooling and Servicing Agreement, dated as February 1, 2005,
               providing for the issuance of GSAmp Trust 2005-NC1 Mortgage
                      Pass-Through Certificates Series 2005-NC1)
                 (Exact name of registrant as specified in charter)

                                       DELAWARE
                     (State or Other Jurisdiction of Incorporation)

               333-120274-09                          13-3387389
          (Commission File Number)        (I.R.S. Employer Identification No.)


               85 Broad Street
               New York, New York                        10004
          (Address of principal executive offices)     (Zip Code)


          Registrant's Telephone Number, Including Area Code:  (212) 902-1000


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

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

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

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

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

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


     Item 8.01  Other Events

     Attached hereto is a copy of the Monthly Remittance Statements to the
     Certificateholders which was derived from the monthly information
     submitted by the Master Servicer of the Trust to the Trustee.


     Item 9.01 Financial Statements and Exhibits

     (c) Exhibits:

     Exhibit No. Description

     99.1 Monthly Remittance Statement to the Certificateholders dated as of
     October 25, 2005.

                                    Signatures

               Pursuant to the requirements of the Securities Exchange Act of
          1934, the Registrant has duly caused this report to be signed on its
          behalf by the undersigned, hereunto duly authorized.

                                   Deutsche Bank National Trust Company,
                                  in its capacity as Trustee under the
                                  Pooling and Servicing Agreement on
                                  behalf of GS Mortgage Securities
                                  Corporation, Registrant


          Date:  Oct 28, 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 October 25, 2005.



GSAMP Trust 2005-NC1

Asset Backed Certificates
Asset Backed Certificates
2005-NC1

October 25, 2005 Distribution

				External Parties						Table of Contents

													Page
				Seller									Page
				Seller						1. Certificate Payment Report					2
				Goldman Sachs Mortgage Securities						1. Certificate Payment Report					2
				Goldman Sachs Mortgage Securities						2. Collection Account Report					4
										2. Collection Account Report					4
										3. Credit Enhancement Report					6
										4. Collateral Report					7
				Certificate Insurer(s)						5. Delinquency Report					10
				Certificate Insurer(s)						5. Delinquency Report					10
										6. REO Report					11

										7. Foreclosure Report					12
										8. Prepayment Report					13
										9. Prepayment Detail Report					16
										9. Prepayment Detail Report					16
										10. Realized Loss Report					19
										11. Realized Loss Detail Report					22
				Servicer(s)						11. Realized Loss Detail Report					22
				Servicer(s)						12. Triggers and Adj. Cert. Report					23
				Litton Loan Servicing						12. Triggers and Adj. Cert. Report					23
				Litton Loan Servicing						13. Other Related Information					24
										13. Other Related Information					24


				Underwriter(s)
				Goldman Sachs Mortgage Securities


										Total Number of Pages					24
										Total Number of Pages

				Dates						Contacts

				Cut-Off Date:			February 01, 2005			Hang Luu
				Close Date:			February 25, 2005			Administrator
				First Distribution Date:			March 25, 2005			(714) 247-6000
										hang-thai.luu@db.com
										hang-thai.luu@db.com
										Address:
										1761 East St. Andrew Place, Santa Ana, CA 92705
				Distribution Date:			October 25, 2005
										Factor Information:			(800) 735-7777
				Record Date:			September 30, 2005			Factor Information:			(800) 735-7777
										Main Phone Number:			(714) 247-6000

							October 24, 2005
							October 24, 2005

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

				More detailed information regarding the mortgage loans, including the % of mortgage loans in the
				transaction affected by Hurricane Katrina, can be seen at www.absnet.net/subscribe/gsdata.asp
				The information will be posted at such time as it becomes available.




Page 1 of 24
GSAMP Trust 2005-NC1

Asset Backed Certificates
Asset Backed Certificates
2005-NC1

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


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

A-1		$	189,636,000.00		96,450,967.59		306,901.62		17,896,469.35		18,203,370.97		0.00		0.00		78,554,498.24
A-1		$	189,636,000.00		96,450,967.59		306,901.62		17,896,469.35		18,203,370.97		0.00		0.00		78,554,498.24
A-2		$	129,754,000.00		129,754,000.00		422,277.18		0.00		422,277.18		0.00		0.00		129,754,000.00
A-3		$	49,572,000.00		49,572,000.00		168,117.93		0.00		168,117.93		0.00		0.00		49,572,000.00
M-1		$	45,170,000.00		45,170,000.00		155,736.12		0.00		155,736.12		0.00		0.00		45,170,000.00
M-2		$	23,298,000.00		23,298,000.00		85,581.32		0.00		85,581.32		0.00		0.00		23,298,000.00
M-3		$	4,754,000.00		4,754,000.00		17,731.10		0.00		17,731.10		0.00		0.00		4,754,000.00
B-1		$	4,755,000.00		4,755,000.00		19,458.52		0.00		19,458.52		0.00		0.00		4,755,000.00
B-2		$	4,755,000.00		4,755,000.00		19,650.04		0.00		19,650.04		0.00		0.00		4,755,000.00
B-3		$	4,754,000.00		4,754,000.00		20,028.87		0.00		20,028.87		0.00		0.00		4,754,000.00
B-4		$	4,750,000.00		4,750,000.00		23,455.76		0.00		23,455.76		0.00		0.00		4,750,000.00
N		$	28,053,000.00		18,747,396.53		78,114.15		1,151,287.95		1,229,402.10		0.00		0.00		17,596,108.58
X		$	0.00		14,264,023.22		0.00		0.00		0.00		0.00		0.00		14,264,023.22
R-1		$	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
R-2		$	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00


Total			489,251,000.00		401,024,387.34		1,317,052.61		19,047,757.30		20,364,809.91		0.00		0.00		381,976,630.04
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	09/26/05		10/24/05		A-Act/360		36242DUD3		189,636,000.00		508.611063		1.618372		94.372742		95.991114	414.238321
A-2	09/26/05		10/24/05		A-Act/360		36242DUE1		129,754,000.00		1,000.000000		3.254444		0.000000		3.254444	1,000.000000
A-3	09/26/05		10/24/05		A-Act/360		36242DUF8		49,572,000.00		1,000.000000		3.391389		0.000000		3.391389	1,000.000000
M-1	09/26/05		10/24/05		A-Act/360		36242DUG6		45,170,000.00		1,000.000000		3.447778		0.000000		3.447778	1,000.000000
M-2	09/26/05		10/24/05		A-Act/360		36242DUH4		23,298,000.00		1,000.000000		3.673333		0.000000		3.673333	1,000.000000
M-3	09/26/05		10/24/05		A-Act/360		36242DUJ0		4,754,000.00		1,000.000000		3.729722		0.000000		3.729722	1,000.000000
B-1	09/26/05		10/24/05		A-Act/360		36242DUK7		4,755,000.00		1,000.000000		4.092223		0.000000		4.092223	1,000.000000
B-2	09/26/05		10/24/05		A-Act/360		36242DYZ0		4,755,000.00		1,000.000000		4.132501		0.000000		4.132501	1,000.000000
B-3	09/26/05		10/24/05		A-Act/360		36242DZA4		4,754,000.00		1,000.000000		4.213056		0.000000		4.213056	1,000.000000
B-4	09/26/05		10/24/05		A-Act/360		36242DZB2		4,750,000.00		1,000.000000		4.938055		0.000000		4.938055	1,000.000000
N	09/25/05		10/24/05		A-30/360		36242DZC0		28,053,000.00		668.284908		2.784520		41.039744		43.824265	627.245164
X	09/26/05		10/24/05		A-Act/360		36242DZD8		0.00		0.000000		0.000000		0.000000		0.000000	0.000000
R-1	09/26/05		10/24/05		36242DZE6		0.00		0.000000		0.000000		0.000000		0.000000		0.000000
R-2	09/26/05		10/24/05		36242DZF3		0.00		0.000000		0.000000		0.000000		0.000000		0.000000




Page 2 of 24
GSAMP Trust 2005-NC1

Asset Backed Certificates
Asset Backed Certificates
2005-NC1

October 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-1	189,636,000.00		3,308,787.01		110,881,112.35		200,389.41		111,081,501.76		114,390,288.77		0.00		0.00		78,554,498.24
A-2	129,754,000.00		3,004,499.42		0.00		0.00		0.00		3,004,499.42		0.00		0.00		129,754,000.00
A-3	49,572,000.00		1,204,506.85		0.00		0.00		0.00		1,204,506.85		0.00		0.00		49,572,000.00
M-1	45,170,000.00		1,118,801.46		0.00		0.00		0.00		1,118,801.46		0.00		0.00		45,170,000.00
M-2	23,298,000.00		620,912.82		0.00		0.00		0.00		620,912.82		0.00		0.00		23,298,000.00
M-3	4,754,000.00		128,935.45		0.00		0.00		0.00		128,935.45		0.00		0.00		4,754,000.00
B-1	4,755,000.00		143,346.44		0.00		0.00		0.00		143,346.44		0.00		0.00		4,755,000.00
B-2	4,755,000.00		144,944.65		0.00		0.00		0.00		144,944.65		0.00		0.00		4,755,000.00
B-3	4,754,000.00		148,109.90		0.00		0.00		0.00		148,109.90		0.00		0.00		4,754,000.00
B-4	4,750,000.00		176,722.78		0.00		0.00		0.00		176,722.78		0.00		0.00		4,750,000.00
N	28,053,000.00		773,622.80		0.00		0.00		10,456,891.42		11,230,514.22		0.00		0.00		17,596,108.58
X	0.00		0.00		0.00		0.00		0.00		0.00		0.00		-5,417.49		14,264,023.22
R-1	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
R-2	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00


Total	489,251,000.00		10,773,189.58		110,881,112.35		200,389.41		121,538,393.18		132,311,582.76		0.00		-5,417.49		381,976,630.04


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

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

Class	Rate		Balance		Interest		Interest SF		Interest		Adjustment		Interest		Interest		Interest
					(1)		(2)		(3)		(4)		(5)=(1)-(2)+(3)+(4)		(6)		(7)=(5)-(6)
A-1	3.95000%		96,450,967.59		306,901.62		0.00		0.00		0.00		306,901.62		306,901.62		0.00
A-2	4.04000%		129,754,000.00		422,277.18		0.00		0.00		0.00		422,277.18		422,277.18		0.00
A-3	4.21000%		49,572,000.00		168,117.93		0.00		0.00		0.00		168,117.93		168,117.93		0.00
M-1	4.28000%		45,170,000.00		155,736.12		0.00		0.00		0.00		155,736.12		155,736.12		0.00
M-2	4.56000%		23,298,000.00		85,581.32		0.00		0.00		0.00		85,581.32		85,581.32		0.00
M-3	4.63000%		4,754,000.00		17,731.10		0.00		0.00		0.00		17,731.10		17,731.10		0.00
B-1	5.08000%		4,755,000.00		19,458.52		0.00		0.00		0.00		19,458.52		19,458.52		0.00
B-2	5.13000%		4,755,000.00		19,650.04		0.00		0.00		0.00		19,650.04		19,650.04		0.00
B-3	5.23000%		4,754,000.00		20,028.87		0.00		0.00		0.00		20,028.87		20,028.87		0.00
B-4	6.13000%		4,750,000.00		23,455.76		0.00		0.00		0.00		23,455.76		23,455.76		0.00
N	5.00000%		18,747,396.53		78,114.15		0.00		0.00		0.00		78,114.15		78,114.15		0.00
X	0.00000%		14,264,023.22		0.00		0.00		0.00		0.00		5,417.49		0.00		5,417.49
R-1	0.00000%		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
R-2	0.00000%		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00


Total			401,024,387.34		1,317,052.61		0.00		0.00		0.00		1,322,470.10		1,317,052.61		5,417.49



Page 3 of 24
GSAMP Trust 2005-NC1

Asset Backed Certificates
Asset Backed Certificates
2005-NC1

October 25, 2005 Distribution
Collection Account Report
SUMMARY
SUMMARY
														Total
Principal Collections														17,896,469.35
Principal Withdrawals														0.00
Principal Other Accounts														0.00
TOTAL NET PRINCIPAL														17,896,469.35
Interest Collections														2,147,035.58
Interest Withdrawals														-0.00
Interest Fees														-29,524.89
Interest Other Accounts														350,829.87
TOTAL NET INTEREST														2,468,340.56
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION														20,364,809.91



PRINCIPAL - COLLECTIONS
PRINCIPAL - COLLECTIONS
															Total
Scheduled Principal Received															269,429.50
Curtailments															7,576.47
Prepayments In Full															17,619,463.38
Repurchased/Substitutions															0.00
Liquidations															0.00
Insurance Principal															0.00
Other Additional Principal															0.00
Delinquent Principal															-235,726.95
Realized Losses															-0.00
Advanced Principal															235,726.95
TOTAL PRINCIPAL COLLECTED															17,896,469.35


PRINCIPAL - WITHDRAWALS

SPACE INTENTIONALLY LEFT BLANK



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





Page 4 of 24
GSAMP Trust 2005-NC1

Asset Backed Certificates
Asset Backed Certificates
2005-NC1

October 25, 2005 Distribution

INTEREST - COLLECTIONS
INTEREST - COLLECTIONS
														Total
Scheduled Interest														2,281,397.53
Repurchased/Substitution Interest														0.00
Liquidation Interest														0.00
Insurance Interest														0.00
Other Additional Interest														0.00
Prepayment Interest Shortfalls														-50,387.14
Delinquent Interest														-1,909,245.75
Compensating Interest														50,387.14
Civil Relief Act Shortfalls														-0.00
Interest Advanced														1,774,883.80
TOTAL INTEREST COLLECTED														2,147,035.58


INTEREST - WITHDRAWALS
INTEREST - WITHDRAWALS
														Total
TOTAL INTEREST WITHDRAWALS														0.00



INTEREST - OTHER ACCOUNTS
INTEREST - OTHER ACCOUNTS
														Total
Prepayment Charges														350,829.87
Excess Reserve Investment Income														0.00
TOTAL INTEREST OTHER ACCOUNTS														350,829.87



INTEREST - FEES
INTEREST - FEES
														Total
Current Servicing Fees														26,339.25
Trustee Fees														3,185.64
TOTAL INTEREST FEES														29,524.89




Page 5 of 24
GSAMP Trust 2005-NC1

Asset Backed Certificates
Asset Backed Certificates
2005-NC1

October 25, 2005 Distribution
Credit Enhancement Report
ACCOUNTS
ACCOUNTS
														Total
Excess Reserve Account Balance														0.00



INSURANCE

SPACE INTENTIONALLY LEFT BLANK



STRUCTURAL FEATURES
STRUCTURAL FEATURES
														Total
Overcollateralized Amount														14,264,023.22
Overcollateralization Reduction Amount														0.00
Overcollateralization Deficiency Amount														0.00
Overcollateralization Target Amount														14,264,023.22





Page 6 of 24
GSAMP Trust 2005-NC1

Asset Backed Certificates
Asset Backed Certificates
2005-NC1

October 25, 2005 Distribution
Collateral Report


COLLATERAL



															Total



Loan Count:


Original														2,582
Prior														2,172
Prefunding														0
Scheduled Paid Offs														-0
Full Voluntary Prepayments														-84
Repurchases														-0
Liquidations														-0
Current														2,088
Principal Balance:


Original														475,467,440.71
Prior														382,276,990.81
Prefunding														0.00
Scheduled Principal														-269,429.50
Partial Prepayments														-7,576.47
Full Voluntary Prepayments														-17,619,463.38
Repurchases														-0.00
Liquidations														-0.00
Current														364,380,521.46





PREFUNDING

SPACE INTENTIONALLY LEFT BLANK






Page 7 of 24
GSAMP Trust 2005-NC1

Asset Backed Certificates
Asset Backed Certificates
2005-NC1

October 25, 2005 Distribution

CHARACTERISTICS
CHARACTERISTICS
														Total
Weighted Average Coupon Original														7.17565%
Weighted Average Coupon Prior														7.15501%
Weighted Average Coupon Current														7.15390%
Weighted Average Months to Maturity Original														352
Weighted Average Months to Maturity Prior														346
Weighted Average Months to Maturity Current														345
Weighted Avg Remaining Amortization Term Original														352
Weighted Avg Remaining Amortization Term Prior														346
Weighted Avg Remaining Amortization Term Current														345
Weighted Average Seasoning Original														3.32
Weighted Average Seasoning Prior														9.31
Weighted Average Seasoning Current														10.31









Page 8 of 24
GSAMP Trust 2005-NC1

Asset Backed Certificates
Asset Backed Certificates
2005-NC1

October 25, 2005 Distribution

ARM CHARACTERISTICS
ARM CHARACTERISTICS
														Total
Weighted Average Margin Original														5.53423%
Weighted Average Margin Prior														5.53962%
Weighted Average Margin Current														5.54188%
Weighted Average Max Rate Original														14.08356%
Weighted Average Max Rate Prior														14.05298%
Weighted Average Max Rate Current														14.05399%
Weighted Average Min Rate Original														7.09277%
Weighted Average Min Rate Prior														7.05913%
Weighted Average Min Rate Current														7.06060%
Weighted Average Cap Up Original														1.53123%
Weighted Average Cap Up Prior														1.51934%
Weighted Average Cap Up Current														1.51750%
Weighted Average Cap Down Original														1.53123%
Weighted Average Cap Down Prior														1.51934%
Weighted Average Cap Down Current														1.51750%




SERVICING FEES & ADVANCES

															Total




Current Servicing Fees														26,339.25
Delinquent Servicing Fees														133,170.21
TOTAL SERVICING FEES														159,204.56


Total Servicing Fees														159,204.56
Compensating Interest														-50,387.14
Delinquent Servicing Fees														-133,170.21
COLLECTED SERVICING FEES														-24,352.79


Total Advanced Interest														1,774,883.80
Total Advanced Principal														235,726.95
Aggregate Advances with respect to this Distribution														2,010,610.75





ADDITIONAL COLLATERAL INFORMATION
														Total
Prepayment Interest Shortfall (PPIS)														50,387.14
Compensating Interest														-50,387.14
Net Prepayment Interest Shortfall (PPIS)														0.00


Ending Pool Stated Principal Balance														364,380,521.46




Page 9 of 24
GSAMP Trust 2005-NC1

Asset Backed Certificates
Asset Backed Certificates
2005-NC1

October 25, 2005 Distribution
Delinquency Report

	TOTAL
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				13,643,272.31		4,405,654.93		3,033,284.62		21,082,211.86
			% Balance				3.74%		1.21%		0.83%		5.79%
			# Loans				80		30		22		132
			% # Loans				3.83%		1.44%		1.05%		6.32%
	FORECLOSURE		Balance		0.00		0.00		0.00		3,390,370.96		3,390,370.96
			% Balance		0.00%		0.00%		0.00%		0.93%		0.93%
			# Loans		0		0		0		22		22
			% # Loans		0.00%		0.00%		0.00%		1.05%		1.05%
	BANKRUPTCY		Balance		0.00		79,333.15		0.00		665,789.42		745,122.57
			% Balance		0.00%		0.02%		0.00%		0.18%		0.20%
			# Loans		0		1		0		6		7
			% # Loans		0.00%		0.05%		0.00%		0.29%		0.34%
	REO		Balance		0.00		0.00		0.00		181,978.57		181,978.57
			% Balance		0.00%		0.00%		0.00%		0.05%		0.05%
			# Loans		0		0		0		1		1
			% # Loans		0.00%		0.00%		0.00%		0.05%		0.05%
	TOTAL		Balance		0.00		13,722,605.46		4,405,654.93		7,271,423.57		25,399,683.96
			% Balance		0.00%		3.77%		1.21%		2.00%		6.97%
			# Loans		0		81		30		51		162
			% # Loans		0.00%		3.88%		1.44%		2.44%		7.76%









Page 10 of 24
GSAMP Trust 2005-NC1

Asset Backed Certificates
Asset Backed Certificates
2005-NC1

October 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
1945810 1
1945810 1			183,600.00		181,978.57		01-Feb-2005		6.750%		TX - 91.80%		360		01-Jan-2005



TOTAL			183,600.00		181,978.57


Page 11 of 24
GSAMP Trust 2005-NC1

Asset Backed Certificates
Asset Backed Certificates
2005-NC1

October 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
1733075 1
1733075 1			138,320.00		137,514.12		01-Mar-2005		8.850%		WA - 80.00%		360		01-Jan-2005

1773945 1			63,000.00		62,319.09		01-Mar-2005		8.800%		MI - 90.00%		360		01-Dec-2004
1869855 1			94,500.00		93,982.21		01-Apr-2005		9.150%		CA - 75.00%		360		01-Jan-2005
1872601 1			119,000.00		118,201.37		01-Feb-2005		8.150%		MN - 70.00%		360		01-Jan-2005
1892473 1			73,100.00		72,691.07		01-Feb-2005		9.050%		OH - 85.00%		360		01-Jan-2005
1892970 1			232,750.00		230,970.21		01-Feb-2005		7.990%		OR - 95.00%		360		01-Dec-2004
1894393 1			50,000.00		49,547.73		01-Jan-2005		7.350%		MI - 62.50%		360		01-Jan-2005
1898758 1			144,500.00		143,719.44		01-Nov-2004		9.700%		FL - 85.00%		360		01-Dec-2004
1900287 1			106,200.00		105,428.27		01-May-2005		7.750%		MI - 90.00%		360		01-Jan-2005
1904279 1			201,600.00		200,206.00		01-Mar-2005		8.000%		NV - 72.00%		360		01-Jan-2005
1910095 1			140,000.00		139,159.03		01-May-2005		8.700%		AZ - 80.00%		360		01-Jan-2005
1917908 1			390,000.00		386,842.90		01-Feb-2005		7.200%		CA - 75.00%		360		01-Jan-2005
1919326 1			147,000.00		146,061.71		01-Feb-2005		8.400%		KY - 75.00%		360		01-Jan-2005
1919382 1			230,000.00		230,000.00		01-Feb-2005		6.825%		CA - 80.00%		360		01-Dec-2004
1922422 1			108,000.00		107,275.22		01-Apr-2005		8.150%		CO - 90.00%		360		01-Jan-2005
1926392 1			54,000.00		53,641.80		01-Mar-2005		8.700%		IN - 90.00%		360		01-Dec-2004
1954155 1			100,000.00		99,133.72		01-Mar-2005		6.850%		CO - 60.61%		360		01-Jan-2005
1955687 1			95,200.00		94,633.96		01-Mar-2005		8.750%		TX - 80.00%		360		01-Jan-2005
1966335 1			82,500.00		81,888.55		01-Mar-2005		7.650%		CT - 75.00%		360		01-Jan-2005
1000083331 1			472,000.00		467,357.70		01-May-2005		6.700%		CA - 57.99%		360		01-Dec-2004
1000263716 1			148,000.00		146,881.25		01-Apr-2005		7.550%		IL - 80.00%		360		01-Jan-2005
1000274170 1			225,000.00		222,915.61		01-Jan-2005		6.500%		NY - 88.24%		360		01-Jan-2005


TOTAL			3,414,670.00		3,390,370.96


Page 12 of 24
GSAMP Trust 2005-NC1

Asset Backed Certificates
Asset Backed Certificates
2005-NC1

October 25, 2005 Distribution
Prepayment Report

VOLUNTARY PREPAYMENTS
VOLUNTARY PREPAYMENTS

															Total




Current


Number of Paid in Full Loans														84
Number of Repurchased Loans														0
Total Number of Loans Prepaid in Full														84
Curtailments Amount														7,576.47
Paid in Full Balance														17,619,463.38
Repurchased Loans Balance														0.00
Total Prepayment Amount														17,627,039.85

Cumulative


Number of Paid in Full Loans														474
Number of Repurchased Loans														20
Total Number of Loans Prepaid in Full														494
Paid in Full Balance														103,844,177.71
Repurchased Loans Balance														4,600,897.80
Curtailments Amount														240,714.63
Total Prepayment Amount														108,685,790.14










Page 13 of 24
GSAMP Trust 2005-NC1

Asset Backed Certificates
Asset Backed Certificates
2005-NC1

October 25, 2005 Distribution

VOLUNTARY PREPAYMENTS RATES
VOLUNTARY PREPAYMENTS RATES

															Total



SMM														4.61%
3 Months Avg SMM														4.17%
12 Months Avg SMM														3.20%
Avg SMM Since Cut-off														3.20%


CPR														43.27%
3 Months Avg CPR														40.01%
12 Months Avg CPR														32.35%
Avg CPR Since Cut-off														32.35%


PSA														2,098.01%
3 Months Avg PSA Approximation														2,148.41%
12 Months Avg PSA Approximation														2,374.72%
Avg PSA Since Cut-off Approximation														2,374.72%










Page 14 of 24
GSAMP Trust 2005-NC1

Asset Backed Certificates
Asset Backed Certificates
2005-NC1

October 25, 2005 Distribution






PREPAYMENT CALCULATION METHODOLOGY

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













Page 15 of 24
GSAMP Trust 2005-NC1

Asset Backed Certificates
Asset Backed Certificates
2005-NC1

October 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

1652037 1			107,408.00		105,975.44			01-Sep-2005		6.000%		AZ - 80.00%		Paid Off - 360		01-Sep-2004
			107,408.00

1730138 1			277,600.00		274,839.06			06-Sep-2005		6.125%		CA - 80.00%		Paid Off - 360		01-Dec-2004
1730138 1					274,839.06			06-Sep-2005		6.125%		CA - 80.00%		Paid Off - 360		01-Dec-2004
1730168 1			69,400.00		69,071.02			06-Sep-2005		9.850%		CA - 20.00%		Paid Off - 360		01-Dec-2004
1730168 1					69,071.02			06-Sep-2005		9.850%		CA - 20.00%		Paid Off - 360		01-Dec-2004
1809813 1			436,500.00		432,039.88			08-Sep-2005		6.500%		CA - 90.00%		Paid Off - 360		01-Nov-2004
1809813 1					432,039.88			08-Sep-2005		6.500%		CA - 90.00%		Paid Off - 360		01-Nov-2004
1814977 1			176,000.00		174,770.17			01-Sep-2005		8.950%		MO - 100.00%		Paid Off - 360		01-Oct-2004
1814977 1					174,770.17			01-Sep-2005		8.950%		MO - 100.00%		Paid Off - 360		01-Oct-2004
1830146 1			45,800.00		45,146.35			29-Sep-2005		11.100%		RI - 20.00%		Paid Off - 240		01-Nov-2004
1830146 1					45,146.35			29-Sep-2005		11.100%		RI - 20.00%		Paid Off - 240		01-Nov-2004
1833043 1			244,000.00		241,739.62			27-Sep-2005		6.500%		CA - 60.25%		Paid Off - 360		01-Dec-2004
1833043 1					241,739.62			27-Sep-2005		6.500%		CA - 60.25%		Paid Off - 360		01-Dec-2004
1846962 1			86,400.00		85,671.76			09-Sep-2005		7.000%		WI - 80.00%		Paid Off - 360		01-Dec-2004
1846962 1					85,671.76			09-Sep-2005		7.000%		WI - 80.00%		Paid Off - 360		01-Dec-2004
1864592 1			221,000.00		219,471.84			02-Sep-2005		8.000%		CA - 65.00%		Paid Off - 360		01-Dec-2004
1864592 1					219,471.84			02-Sep-2005		8.000%		CA - 65.00%		Paid Off - 360		01-Dec-2004
1870710 1			118,850.00		117,960.23			06-Sep-2005		7.050%		CA - 69.91%		Paid Off - 360		01-Jan-2005
1870710 1					117,960.23			06-Sep-2005		7.050%		CA - 69.91%		Paid Off - 360		01-Jan-2005
1873682 1			269,100.00		266,851.75			16-Sep-2005		6.475%		NY - 90.00%		Paid Off - 360		01-Jan-2005
1873682 1					266,851.75			16-Sep-2005		6.475%		NY - 90.00%		Paid Off - 360		01-Jan-2005
1886387 1			139,410.00		138,295.89			28-Sep-2005		7.400%		OR - 90.00%		Paid Off - 360		01-Dec-2004
1886387 1					138,295.89			28-Sep-2005		7.400%		OR - 90.00%		Paid Off - 360		01-Dec-2004
1891150 1			252,000.00		252,000.00			09-Sep-2005		5.950%		CA - 80.00%		Paid Off - 360		01-Jan-2005
1891150 1					252,000.00			09-Sep-2005		5.950%		CA - 80.00%		Paid Off - 360		01-Jan-2005
1891828 1			368,125.00		364,945.27			06-Sep-2005		6.950%		NY - 95.00%		Paid Off - 360		01-Dec-2004
1891828 1					364,945.27			06-Sep-2005		6.950%		NY - 95.00%		Paid Off - 360		01-Dec-2004
1898688 1			214,500.00		213,402.06			07-Sep-2005		8.950%		MD - 75.00%		Paid Off - 360		01-Jan-2005
1898688 1					213,402.06			07-Sep-2005		8.950%		MD - 75.00%		Paid Off - 360		01-Jan-2005
1899858 1			218,500.00		215,721.78			13-Sep-2005		6.990%		FL - 95.00%		Paid Off - 360		01-Dec-2004
1899858 1					215,721.78			13-Sep-2005		6.990%		FL - 95.00%		Paid Off - 360		01-Dec-2004
1900219 1			390,000.00		387,722.27			30-Sep-2005		8.300%		CA - 77.23%		Paid Off - 360		01-Jan-2005
1900219 1					387,722.27			30-Sep-2005		8.300%		CA - 77.23%		Paid Off - 360		01-Jan-2005
1901629 1			108,000.00		107,302.86			19-Sep-2005		7.800%		IL - 80.00%		Paid Off - 360		01-Jan-2005
1901629 1					107,302.86			19-Sep-2005		7.800%		IL - 80.00%		Paid Off - 360		01-Jan-2005
1904162 1			198,000.00		196,412.73			15-Sep-2005		7.250%		NJ - 90.00%		Paid Off - 360		01-Dec-2004
1904162 1					196,412.73			15-Sep-2005		7.250%		NJ - 90.00%		Paid Off - 360		01-Dec-2004
1907109 1			74,900.00		74,204.90			02-Sep-2005		8.100%		FL - 70.00%		Paid Off - 360		01-Jan-2005
1907109 1					74,204.90			02-Sep-2005		8.100%		FL - 70.00%		Paid Off - 360		01-Jan-2005
1912696 1			351,200.00		349,171.61			02-Sep-2005		7.750%		NJ - 80.00%		Paid Off - 360		01-Feb-2005
1912696 1					349,171.61			02-Sep-2005		7.750%		NJ - 80.00%		Paid Off - 360		01-Feb-2005
1917780 1			160,000.00		158,631.04			30-Sep-2005		6.350%		AZ - 80.00%		Paid Off - 360		01-Jan-2005
1917780 1					158,631.04			30-Sep-2005		6.350%		AZ - 80.00%		Paid Off - 360		01-Jan-2005
1917979 1			323,000.00		320,536.97			08-Sep-2005		6.950%		CA - 82.82%		Paid Off - 360		01-Jan-2005
1917979 1					320,536.97			08-Sep-2005		6.950%		CA - 82.82%		Paid Off - 360		01-Jan-2005
1918345 1			148,000.00		146,641.22			07-Sep-2005		6.550%		FL - 74.00%		Paid Off - 360		01-Dec-2004
1918345 1					146,641.22			07-Sep-2005		6.550%		FL - 74.00%		Paid Off - 360		01-Dec-2004
1918858 1			63,000.00		62,542.87			20-Sep-2005		7.250%		OH - 90.00%		Paid Off - 360		01-Jan-2005
1918858 1					62,542.87			20-Sep-2005		7.250%		OH - 90.00%		Paid Off - 360		01-Jan-2005
1919242 1			304,000.00		302,206.50			29-Sep-2005		8.250%		NY - 95.00%		Paid Off - 360		01-Jan-2005
1919242 1					302,206.50			29-Sep-2005		8.250%		NY - 95.00%		Paid Off - 360		01-Jan-2005
1919441 1			234,000.00		232,266.84			19-Sep-2005		7.100%		CA - 90.00%		Paid Off - 360		01-Jan-2005
1919441 1					232,266.84			19-Sep-2005		7.100%		CA - 90.00%		Paid Off - 360		01-Jan-2005
1920102 1			92,000.00		91,366.75			06-Sep-2005		7.475%		FL - 79.31%		Paid Off - 360		01-Jan-2005
1920102 1					91,366.75			06-Sep-2005		7.475%		FL - 79.31%		Paid Off - 360		01-Jan-2005
1920794 1			231,000.00		229,567.23			02-Sep-2005		8.000%		MD - 68.96%		Paid Off - 360		01-Jan-2005
1920794 1					229,567.23			02-Sep-2005		8.000%		MD - 68.96%		Paid Off - 360		01-Jan-2005
1922848 1			674,400.00		669,919.33			26-Sep-2005		8.200%		CA - 80.00%		Paid Off - 360		01-Dec-2004
1922848 1					669,919.33			26-Sep-2005		8.200%		CA - 80.00%		Paid Off - 360		01-Dec-2004
1927542 1			101,500.00		100,818.39			28-Sep-2005		7.600%		PA - 70.00%		Paid Off - 360		01-Jan-2005
1927542 1					100,818.39			28-Sep-2005		7.600%		PA - 70.00%		Paid Off - 360		01-Jan-2005
1930084 1			459,800.00		455,540.52			30-Sep-2005		6.500%		CA - 95.00%		Paid Off - 360		01-Dec-2004
1930084 1					455,540.52			30-Sep-2005		6.500%		CA - 95.00%		Paid Off - 360		01-Dec-2004
1932998 1			132,000.00		132,000.00			01-Sep-2005		6.950%		NJ - 80.00%		Paid Off - 360		01-Dec-2004
1932998 1					132,000.00			01-Sep-2005		6.950%		NJ - 80.00%		Paid Off - 360		01-Dec-2004
1933316 1			220,500.00		219,048.30			08-Sep-2005		7.700%		CA - 90.00%		Paid Off - 360		01-Jan-2005
1933316 1					219,048.30			08-Sep-2005		7.700%		CA - 90.00%		Paid Off - 360		01-Jan-2005
1935823 1			46,000.00		45,493.86			19-Sep-2005		11.000%		NY - 20.00%		Paid Off - 240		01-Jan-2005
1935823 1					45,493.86			19-Sep-2005		11.000%		NY - 20.00%		Paid Off - 240		01-Jan-2005
1936242 1			132,400.00		132,400.00			26-Sep-2005		6.200%		CA - 80.00%		Paid Off - 360		01-Jan-2005
1936242 1					132,400.00			26-Sep-2005		6.200%		CA - 80.00%		Paid Off - 360		01-Jan-2005
1938067 1			116,000.00		115,568.79			06-Sep-2005		11.150%		IL - 20.00%		Paid Off - 360		01-Jan-2005
1938067 1					115,568.79					11.150%		IL - 20.00%		Paid Off - 360


Page 16 of 24
GSAMP Trust 2005-NC1

Asset Backed Certificates
Asset Backed Certificates
2005-NC1

October 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

1943575 1			275,000.00		271,411.27			29-Sep-2005		9.500%		NJ - 100.00%		Paid Off - 240		01-Jan-2005
			275,000.00

1945504 1			192,000.00		190,372.78			07-Sep-2005		6.400%		MA - 80.00%		Paid Off - 360		01-Jan-2005
1945504 1					190,372.78			07-Sep-2005		6.400%		MA - 80.00%		Paid Off - 360		01-Jan-2005
1945575 1			213,350.00		212,033.30			15-Sep-2005		8.025%		NV - 85.00%		Paid Off - 360		01-Jan-2005
1945575 1					212,033.30			15-Sep-2005		8.025%		NV - 85.00%		Paid Off - 360		01-Jan-2005
1945606 1			240,000.00		238,079.27			26-Sep-2005		6.700%		MD - 57.14%		Paid Off - 360		01-Jan-2005
1945606 1					238,079.27			26-Sep-2005		6.700%		MD - 57.14%		Paid Off - 360		01-Jan-2005
1945776 1			409,000.00		405,209.10			26-Sep-2005		6.500%		CA - 94.99%		Paid Off - 360		01-Dec-2004
1945776 1					405,209.10			26-Sep-2005		6.500%		CA - 94.99%		Paid Off - 360		01-Dec-2004
1945827 1			116,000.00		115,136.83			01-Sep-2005		7.450%		MA - 66.29%		Paid Off - 360		01-Jan-2005
1945827 1					115,136.83			01-Sep-2005		7.450%		MA - 66.29%		Paid Off - 360		01-Jan-2005
1951124 1			405,000.02		405,000.04			14-Sep-2005		6.850%		CA - 90.00%		Paid Off - 360		01-Jan-2005
1951124 1					405,000.04			14-Sep-2005		6.850%		CA - 90.00%		Paid Off - 360		01-Jan-2005
1951568 1			229,500.00		228,238.46			20-Sep-2005		8.600%		NY - 90.00%		Paid Off - 360		01-Jan-2005
1951568 1					228,238.46			20-Sep-2005		8.600%		NY - 90.00%		Paid Off - 360		01-Jan-2005
1953474 1			98,000.00		97,226.99			28-Sep-2005		6.775%		OR - 79.68%		Paid Off - 360		01-Jan-2005
1953474 1					97,226.99			28-Sep-2005		6.775%		OR - 79.68%		Paid Off - 360		01-Jan-2005
1961672 1			150,100.00		148,760.89			28-Sep-2005		6.700%		FL - 77.77%		Paid Off - 360		01-Jan-2005
1961672 1					148,760.89			28-Sep-2005		6.700%		FL - 77.77%		Paid Off - 360		01-Jan-2005
1962383 1			100,700.00		100,278.28			21-Sep-2005		11.250%		CA - 20.00%		Paid Off - 360		01-Jan-2005
1962383 1					100,278.28			21-Sep-2005		11.250%		CA - 20.00%		Paid Off - 360		01-Jan-2005
1962631 1			152,000.00		151,992.00			08-Sep-2005		6.900%		CA - 80.00%		Paid Off - 360		01-Jan-2005
1962631 1					151,992.00			08-Sep-2005		6.900%		CA - 80.00%		Paid Off - 360		01-Jan-2005
1963270 1			400,000.00		399,999.50			12-Sep-2005		6.700%		CA - 79.21%		Paid Off - 360		01-Jan-2005
1963270 1					399,999.50			12-Sep-2005		6.700%		CA - 79.21%		Paid Off - 360		01-Jan-2005
1965834 1			232,750.00		230,713.75			26-Sep-2005		6.800%		CA - 95.00%		Paid Off - 360		01-Jan-2005
1965834 1					230,713.75			26-Sep-2005		6.800%		CA - 95.00%		Paid Off - 360		01-Jan-2005
1967079 1			220,000.00		220,000.00			01-Sep-2005		6.375%		CA - 80.00%		Paid Off - 360		01-Jan-2005
1967079 1					220,000.00			01-Sep-2005		6.375%		CA - 80.00%		Paid Off - 360		01-Jan-2005
1967105 1			55,000.00		54,810.75			01-Sep-2005		10.850%		CA - 20.00%		Paid Off - 360		01-Jan-2005
1967105 1					54,810.75			01-Sep-2005		10.850%		CA - 20.00%		Paid Off - 360		01-Jan-2005
1968463 1			472,000.00		472,000.00			16-Sep-2005		6.850%		CA - 80.00%		Paid Off - 360		01-Jan-2005
1968463 1					472,000.00			16-Sep-2005		6.850%		CA - 80.00%		Paid Off - 360		01-Jan-2005
1968464 1			118,000.00		117,535.17			15-Sep-2005		11.100%		CA - 20.00%		Paid Off - 360		01-Jan-2005
1968464 1					117,535.17			15-Sep-2005		11.100%		CA - 20.00%		Paid Off - 360		01-Jan-2005
1969082 1			65,000.00		64,212.67			#######		7.200%		IN - 76.47%		Paid Off - 360		01-Jan-2005
1969082 1					64,212.67					7.200%		IN - 76.47%		Paid Off - 360		01-Jan-2005
1969911 1			304,000.00		301,567.31			01-Sep-2005		6.700%		CA - 79.58%		Paid Off - 360		01-Jan-2005
1969911 1					301,567.31			01-Sep-2005		6.700%		CA - 79.58%		Paid Off - 360		01-Jan-2005
1971125 1			263,200.00		263,200.00			13-Sep-2005		6.200%		CA - 80.00%		Paid Off - 360		01-Jan-2005
1971125 1					263,200.00			13-Sep-2005		6.200%		CA - 80.00%		Paid Off - 360		01-Jan-2005
1972878 1			189,000.00		187,414.50			13-Sep-2005		6.500%		CA - 82.53%		Paid Off - 360		01-Jan-2005
1972878 1					187,414.50			13-Sep-2005		6.500%		CA - 82.53%		Paid Off - 360		01-Jan-2005
1973312 1			272,500.00		270,212.50			09-Sep-2005		6.450%		MD - 78.99%		Paid Off - 360		01-Jan-2005
1973312 1					270,212.50			09-Sep-2005		6.450%		MD - 78.99%		Paid Off - 360		01-Jan-2005
1973431 1			242,250.00		242,250.00			30-Sep-2005		5.990%		CA - 85.00%		Paid Off - 360		01-Jan-2005
1973431 1					242,250.00			30-Sep-2005		5.990%		CA - 85.00%		Paid Off - 360		01-Jan-2005
1976942 1			124,000.00		124,000.00			30-Sep-2005		6.350%		AZ - 80.00%		Paid Off - 360		01-Jan-2005
1976942 1					124,000.00			30-Sep-2005		6.350%		AZ - 80.00%		Paid Off - 360		01-Jan-2005
1977132 1			140,000.00		139,041.09			30-Sep-2005		7.500%		AZ - 73.68%		Paid Off - 360		01-Jan-2005
1977132 1					139,041.09			30-Sep-2005		7.500%		AZ - 73.68%		Paid Off - 360		01-Jan-2005
1977993 1			140,000.00		139,207.76			30-Sep-2005		8.600%		MN - 70.00%		Paid Off - 360		01-Jan-2005
1977993 1					139,207.76			30-Sep-2005		8.600%		MN - 70.00%		Paid Off - 360		01-Jan-2005
1980583 1			475,000.00		471,380.21			02-Sep-2005		6.990%		CA - 10.56%		Paid Off - 360		01-Jan-2005
1980583 1					471,380.21			02-Sep-2005		6.990%		CA - 10.56%		Paid Off - 360		01-Jan-2005
1982103 1			313,570.00		310,835.74			26-Sep-2005		6.250%		HI - 80.00%		Paid Off - 360		01-Jan-2005
1982103 1					310,835.74			26-Sep-2005		6.250%		HI - 80.00%		Paid Off - 360		01-Jan-2005
1982935 1			193,000.00		191,395.20			21-Sep-2005		6.500%		CA - 74.23%		Paid Off - 360		01-Jan-2005
1982935 1					191,395.20			21-Sep-2005		6.500%		CA - 74.23%		Paid Off - 360		01-Jan-2005
1983630 1			50,000.00		49,273.18			26-Sep-2005		7.650%		MI - 34.48%		Paid Off - 360		01-Jan-2005
1983630 1					49,273.18			26-Sep-2005		7.650%		MI - 34.48%		Paid Off - 360		01-Jan-2005
1000095890 1			92,000.00		91,487.12			26-Sep-2005		8.550%		FL - 80.00%		Paid Off - 360		01-Jan-2005
1000095890 1					91,487.12			26-Sep-2005		8.550%		FL - 80.00%		Paid Off - 360		01-Jan-2005
1000115431 1			160,000.00		158,779.22			01-Sep-2005		6.950%		FL - 75.47%		Paid Off - 360		01-Jan-2005
1000115431 1					158,779.22			01-Sep-2005		6.950%		FL - 75.47%		Paid Off - 360		01-Jan-2005
1000125091 1			263,000.00		260,866.66			26-Sep-2005		6.800%		FL - 79.94%		Paid Off - 360		01-Jan-2005
1000125091 1					260,866.66			26-Sep-2005		6.800%		FL - 79.94%		Paid Off - 360		01-Jan-2005
1000139111 1			187,500.00		186,393.40			02-Sep-2005		8.250%		MD - 75.00%		Paid Off - 360		01-Jan-2005
1000139111 1					186,393.40			02-Sep-2005		8.250%		MD - 75.00%		Paid Off - 360		01-Jan-2005
1000143936 1			67,200.00		66,859.53			14-Sep-2005		9.000%		MI - 80.00%		Paid Off - 360		01-Jan-2005
1000143936 1					66,859.53			14-Sep-2005		9.000%		MI - 80.00%		Paid Off - 360		01-Jan-2005
1000148968 1			310,600.00		310,600.00			06-Sep-2005		7.975%		CA - 90.00%		Paid Off - 360		01-Dec-2004
1000148968 1					310,600.00			06-Sep-2005		7.975%		CA - 90.00%		Paid Off - 360		01-Dec-2004
1000151515 1			255,000.00		253,029.69			28-Sep-2005		6.900%		RI - 79.69%		Paid Off - 360		01-Jan-2005
1000151515 1					253,029.69					6.900%		RI - 79.69%		Paid Off - 360


Page 17 of 24
GSAMP Trust 2005-NC1

Asset Backed Certificates
Asset Backed Certificates
2005-NC1

October 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

1000157537 1			129,600.00		129,583.45			20-Sep-2005		6.700%		CA - 80.00%		Paid Off - 360		01-Jan-2005
			129,600.00

1000162353 1			147,000.00		145,576.38			19-Sep-2005		6.750%		MA - 54.44%		Paid Off - 360		01-Jan-2005
1000162353 1					145,576.38			19-Sep-2005		6.750%		MA - 54.44%		Paid Off - 360		01-Jan-2005
1000171263 1			109,250.00		108,302.42			01-Sep-2005		6.300%		WA - 95.00%		Paid Off - 360		01-Jan-2005
1000171263 1					108,302.42			01-Sep-2005		6.300%		WA - 95.00%		Paid Off - 360		01-Jan-2005
1000174359 1			148,800.00		147,575.69			27-Sep-2005		6.555%		CA - 80.00%		Paid Off - 360		01-Jan-2005
1000174359 1					147,575.69			27-Sep-2005		6.555%		CA - 80.00%		Paid Off - 360		01-Jan-2005
1000179559 1			186,150.00		186,150.00			16-Sep-2005		6.675%		CA - 85.00%		Paid Off - 360		01-Jan-2005
1000179559 1					186,150.00			16-Sep-2005		6.675%		CA - 85.00%		Paid Off - 360		01-Jan-2005
1000182304 1			254,800.00		252,344.77			13-Sep-2005		6.700%		CA - 70.00%		Paid Off - 360		01-Jan-2005
1000182304 1					252,344.77			13-Sep-2005		6.700%		CA - 70.00%		Paid Off - 360		01-Jan-2005
1000224947 1			485,000.00		484,996.98			13-Sep-2005		6.400%		CA - 62.99%		Paid Off - 360		01-Jan-2005
1000224947 1					484,996.98			13-Sep-2005		6.400%		CA - 62.99%		Paid Off - 360		01-Jan-2005
1000271798 1			166,524.00		166,523.96			19-Sep-2005		5.850%		AZ - 80.00%		Paid Off - 360		01-Jan-2005
1000271798 1					166,523.96			19-Sep-2005		5.850%		AZ - 80.00%		Paid Off - 360		01-Jan-2005
1000279709 1			112,000.00		110,340.47			26-Sep-2005		8.200%		WA - 80.00%		Paid Off - 360		01-Jan-2005
1000279709 1					110,340.47			26-Sep-2005		8.200%		WA - 80.00%		Paid Off - 360		01-Jan-2005


TOTAL			17,728,637.02		17,619,463.38
TOTAL


Page 18 of 24
GSAMP Trust 2005-NC1

Asset Backed Certificates
Asset Backed Certificates
2005-NC1

October 25, 2005 Distribution
Realized Loss Report

COLLATERAL REALIZED LOSSES



															Total


Current
Current



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

Cumulative
Cumulative



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










Page 19 of 24
GSAMP Trust 2005-NC1

Asset Backed Certificates
Asset Backed Certificates
2005-NC1

October 25, 2005 Distribution


DEFAULT SPEEDS



															Total



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


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


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


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












Page 20 of 24
GSAMP Trust 2005-NC1

Asset Backed Certificates
Asset Backed Certificates
2005-NC1

October 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 21 of 24
GSAMP Trust 2005-NC1

Asset Backed Certificates
Asset Backed Certificates
2005-NC1

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

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




TOTAL



Page 22 of 24
GSAMP Trust 2005-NC1

Asset Backed Certificates
Asset Backed Certificates
2005-NC1

October 25, 2005 Distribution
Triggers and Adj. Cert. Report
TRIGGER EVENTS
TRIGGER EVENTS
														Total
						Does a Trigger Event Exist? (0=No,1=Yes)								0
						Has a Stepdown Date Occurred? (0=No,1=Yes)								0
						Rolling 3-mo. avg. 60+ days								10,268,972.57
						Delinquency Percentage								2.8200%
						Balance of Mezzanine and OC Class								106,500,023.22
						Ending Balance								364,380,521.46
						Senior Enhancement Percentage								29.2300%
						Cumulative Loss Percentage								0.000000%



ADJUSTABLE RATE CERTIFICATE INFORMATION

SPACE INTENTIONALLY LEFT BLANK



ADDITIONAL INFORMATION
ADDITIONAL INFORMATION
														Total
Net Monthly Excess Cashflow														878,572.23
Net Monthly Excess Cashflow Alloc to Unpaid Int														0.00

Subsequent Recoveries														0.00

Current LIBOR Rate														3.830000%
Next LIBOR Rate														4.037500%




Page 23 of 24
GSAMP Trust 2005-NC1

Asset Backed Certificates
Asset Backed Certificates
2005-NC1

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







Page 24 of 24

GS Mortgage GSAMP Trust 2005-NC1 8-K