
                                       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)

                  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
     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 Morgan Stanley ABS Capital I Inc.


          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.



IXIS Real Estate Capital Trust 2005-HE1

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

October 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					16
										9. Prepayment Detail Report					19
										9. Prepayment Detail Report					19
										10. Realized Loss Report					24
										11. Realized Loss Detail Report					27
				Servicer(s)						11. Realized Loss Detail Report					27
				Servicer(s)						12. Triggers and Adj. Cert. Report					28
				Countrywide Funding Corporation						12. Triggers and Adj. Cert. Report					28
				Countrywide Funding Corporation						13. Other Related Information					29
										13. Other Related Information					29


				Underwriter(s)
				Morgan Stanley


										Total Number of Pages					29
										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:			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






Page 1 of 29
IXIS Real Estate Capital Trust 2005-HE1

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

October 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		149,504,216.94		491,370.53		10,069,105.54		10,560,476.07		0.00		0.00		139,435,111.40
A-1	FLT, STEP	$	200,000,000.00		149,504,216.94		491,370.53		10,069,105.54		10,560,476.07		0.00		0.00		139,435,111.40
A-2	FLT, STEP	$	157,000,000.00		63,462,873.87		201,424.11		18,651,759.37		18,853,183.48		0.00		0.00		44,811,114.50
A-3	FLT, STEP	$	176,425,000.00		176,425,000.00		578,428.97		0.00		578,428.97		0.00		0.00		176,425,000.00
A-4	FLT, STEP	$	37,050,000.00		37,050,000.00		125,054.04		0.00		125,054.04		0.00		0.00		37,050,000.00
M-1	MEZ, FLT, S	$	28,311,000.00		28,311,000.00		98,066.16		0.00		98,066.16		0.00		0.00		28,311,000.00
M-2	MEZ, FLT, S	$	22,649,000.00		22,649,000.00		78,818.52		0.00		78,818.52		0.00		0.00		22,649,000.00
M-3	MEZ, FLT, S	$	13,802,000.00		13,802,000.00		48,364.51		0.00		48,364.51		0.00		0.00		13,802,000.00
M-4	MEZ, FLT, S	$	13,094,000.00		13,094,000.00		47,782.19		0.00		47,782.19		0.00		0.00		13,094,000.00
M-5	MEZ, FLT, S	$	11,678,000.00		11,678,000.00		42,897.19		0.00		42,897.19		0.00		0.00		11,678,000.00
M-6	MEZ, FLT, S	$	10,263,000.00		10,263,000.00		38,195.47		0.00		38,195.47		0.00		0.00		10,263,000.00
B-1	SUB	$	9,555,000.00		9,555,000.00		39,332.10		0.00		39,332.10		0.00		0.00		9,555,000.00
B-2	SUB	$	7,786,000.00		7,786,000.00		32,363.81		0.00		32,363.81		0.00		0.00		7,786,000.00
B-3	SUB	$	5,309,000.00		5,309,000.00		25,360.80		0.00		25,360.80		0.00		0.00		5,309,000.00
B-4	SUB	$	7,078,000.00		7,078,000.00		41,793.62		0.00		41,793.62		0.00		0.00		7,078,000.00
X	SUB	$	7,785,542.00		7,785,642.06		1,323,497.38		0.00		1,323,497.38		0.00		0.00		7,785,642.06
P	EXE	$	100.00		0.00		632,212.85		0.00		632,212.85		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		563,752,732.87		3,844,962.25		28,720,864.91		32,565,827.16		0.00		0.00		535,031,867.96
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		45071KAM6		200,000,000.00		747.521085		2.456853		50.345528		52.802380	697.175557
A-2	09/26/05		10/24/05		A-Act/360		45071KAN4		157,000,000.00		404.222127		1.282956		118.801015		120.083971	285.421111
A-3	09/26/05		10/24/05		A-Act/360		45071KAP9		176,425,000.00		1,000.000000		3.278611		0.000000		3.278611	1,000.000000
A-4	09/26/05		10/24/05		A-Act/360		45071KAQ7		37,050,000.00		1,000.000000		3.375278		0.000000		3.375278	1,000.000000
M-1	09/26/05		10/24/05		A-Act/360		45071KAR5		28,311,000.00		1,000.000000		3.463889		0.000000		3.463889	1,000.000000
M-2	09/26/05		10/24/05		A-Act/360		45071KAS3		22,649,000.00		1,000.000000		3.480000		0.000000		3.480000	1,000.000000
M-3	09/26/05		10/24/05		A-Act/360		45071KAT1		13,802,000.00		1,000.000000		3.504167		0.000000		3.504167	1,000.000000
M-4	09/26/05		10/24/05		A-Act/360		45071KAU8		13,094,000.00		1,000.000000		3.649167		0.000000		3.649167	1,000.000000
M-5	09/26/05		10/24/05		A-Act/360		45071KAV6		11,678,000.00		1,000.000000		3.673334		0.000000		3.673334	1,000.000000
M-6	09/26/05		10/24/05		A-Act/360		45071KAW4		10,263,000.00		1,000.000000		3.721667		0.000000		3.721667	1,000.000000
B-1	09/26/05		10/24/05		A-Act/360		45071KAX2		9,555,000.00		1,000.000000		4.116389		0.000000		4.116389	1,000.000000
B-2	09/26/05		10/24/05		A-Act/360		45071KAY0		7,786,000.00		1,000.000000		4.156667		0.000000		4.156667	1,000.000000
B-3	09/26/05		10/24/05		A-Act/360		45071KAZ7		5,309,000.00		1,000.000000		4.776945		0.000000		4.776945	1,000.000000
B-4	09/26/05		10/24/05		A-Act/360		45071KBA1		7,078,000.00		1,000.000000		5.904722		0.000000		5.904722	1,000.000000
X	09/26/05		10/24/05		A-Act/360				7,785,542.00		1,000.012852		169.994251		0.000000		169.994251	1,000.012852
P	09/26/05		10/24/05				100.00		0.000000		6,322,128.500000		0.000000		6,322,128.500000		0.000000
R	09/26/05		10/24/05				0.00		0.000000		0.000000		0.000000		0.000000		0.000000



Page 2 of 29
IXIS Real Estate Capital Trust 2005-HE1

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

October 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		4,155,699.95		59,642,590.84		922,297.76		60,564,888.60		64,720,588.55		0.00		0.00		139,435,111.40
A-2	157,000,000.00		2,574,147.36		110,480,444.20		1,708,441.30		112,188,885.50		114,763,032.86		0.00		0.00		44,811,114.50
A-3	176,425,000.00		4,130,661.27		0.00		0.00		0.00		4,130,661.27		0.00		0.00		176,425,000.00
A-4	37,050,000.00		897,466.93		0.00		0.00		0.00		897,466.93		0.00		0.00		37,050,000.00
M-1	28,311,000.00		706,801.93		0.00		0.00		0.00		706,801.93		0.00		0.00		28,311,000.00
M-2	22,649,000.00		568,504.16		0.00		0.00		0.00		568,504.16		0.00		0.00		22,649,000.00
M-3	13,802,000.00		349,233.78		0.00		0.00		0.00		349,233.78		0.00		0.00		13,802,000.00
M-4	13,094,000.00		347,228.39		0.00		0.00		0.00		347,228.39		0.00		0.00		13,094,000.00
M-5	11,678,000.00		312,043.50		0.00		0.00		0.00		312,043.50		0.00		0.00		11,678,000.00
M-6	10,263,000.00		278,390.34		0.00		0.00		0.00		278,390.34		0.00		0.00		10,263,000.00
B-1	9,555,000.00		290,788.57		0.00		0.00		0.00		290,788.57		0.00		0.00		9,555,000.00
B-2	7,786,000.00		239,580.12		0.00		0.00		0.00		239,580.12		0.00		0.00		7,786,000.00
B-3	5,309,000.00		190,954.80		0.00		0.00		0.00		190,954.80		0.00		0.00		5,309,000.00
B-4	7,078,000.00		321,469.52		0.00		0.00		0.00		321,469.52		0.00		0.00		7,078,000.00
X	7,785,542.00		12,940,930.35		-97.26		-2.94		0.00		12,940,930.35		0.00		100.20		7,785,642.06
P	100.00		3,761,836.81		0.00		0.00		100.00		3,761,936.81		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		32,065,737.78		170,122,937.78		2,630,736.12		172,753,874.10		204,819,611.88		0.00		100.20		535,031,867.96


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	4.08000%		149,504,216.94		491,370.53		0.00		0.00		0.00		491,370.53		491,370.53		0.00
A-2	3.94000%		63,462,873.87		201,424.11		0.00		0.00		0.00		201,424.11		201,424.11		0.00
A-3	4.07000%		176,425,000.00		578,428.97		0.00		0.00		0.00		578,428.97		578,428.97		0.00
A-4	4.19000%		37,050,000.00		125,054.04		0.00		0.00		0.00		125,054.04		125,054.04		0.00
M-1	4.30000%		28,311,000.00		98,066.16		0.00		0.00		0.00		98,066.16		98,066.16		0.00
M-2	4.32000%		22,649,000.00		78,818.52		0.00		0.00		0.00		78,818.52		78,818.52		0.00
M-3	4.35000%		13,802,000.00		48,364.51		0.00		0.00		0.00		48,364.51		48,364.51		0.00
M-4	4.53000%		13,094,000.00		47,782.19		0.00		0.00		0.00		47,782.19		47,782.19		0.00
M-5	4.56000%		11,678,000.00		42,897.19		0.00		0.00		0.00		42,897.19		42,897.19		0.00
M-6	4.62000%		10,263,000.00		38,195.47		0.00		0.00		0.00		38,195.47		38,195.47		0.00
B-1	5.11000%		9,555,000.00		39,332.10		0.00		0.00		0.00		39,332.10		39,332.10		0.00
B-2	5.16000%		7,786,000.00		32,363.81		0.00		0.00		0.00		32,363.81		32,363.81		0.00
B-3	5.93000%		5,309,000.00		25,360.80		0.00		0.00		0.00		25,360.80		25,360.80		0.00
B-4	7.11747%		7,078,000.00		40,581.85		0.00		0.00		0.00		40,581.85		41,793.62		0.00
X	211.02464%		7,785,642.06		0.00		0.00		0.00		0.00		0.00		1,323,497.38		0.00
P	0.00000%		0.00		0.00		0.00		0.00		0.00		0.00		632,212.85		0.00
R	0.00000%		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00

Total			563,752,732.87		1,888,040.25		0.00		0.00		0.00		1,888,040.25		3,844,962.25		0.00



Page 3 of 29
IXIS Real Estate Capital Trust 2005-HE1

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

October 25, 2005 Distribution
Collection Account Report
SUMMARY
SUMMARY
														Total
Principal Collections														28,701,326.83
Principal Withrawals														0.00
Principal Other Accounts														0.00
TOTAL NET PRINCIPAL														28,701,326.83
Interest Collections														3,400,272.09
Interest Withdrawals														-0.00
Interest Other Accounts														632,212.85
Interest Fees														-167,984.62
TOTAL NET INTEREST														3,864,500.32
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION														32,565,827.15



PRINCIPAL - COLLECTIONS
PRINCIPAL - COLLECTIONS
															Total
Scheduled Principal Received															302,759.30
Prepayments In Full															27,702,335.70
Curtailments															19,296.29
Liquidations															86,114.50
Insurance Principal															0.00
Repurchased Principal Amounts															610,359.07
Other Principal															0.00
Total Realized Loss Of Principal															-19,538.03
Delinquent Principal															-96,432.67
Advanced Principal															96,432.67
TOTAL PRINCIPAL COLLECTED															28,701,326.83


PRINCIPAL - WITHDRAWALS

SPACE INTENTIONALLY LEFT BLANK



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





Page 4 of 29
IXIS Real Estate Capital Trust 2005-HE1

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

October 25, 2005 Distribution

INTEREST - COLLECTIONS
INTEREST - COLLECTIONS
														Total
Scheduled Interest														3,464,579.64
Liquidation Interest														538.22
Repurchased Interest														4,086.70
Insurance Interest														0.00
Other Interest														0.00
Relief Act Interest Shortfalls														-0.00
Prepayment Interest Shortfalls														-19,818.84
Compensating Interest														19,818.84
Delinquent Interest														-1,059,945.22
Interest Advanced														991,012.76
TOTAL INTEREST COLLECTED														3,400,272.09


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



INTEREST - OTHER ACCOUNTS
INTEREST - OTHER ACCOUNTS
														Total
Prepayment Charges														632,212.85
TOTAL INTEREST OTHER ACCOUNTS														632,212.85



INTEREST - FEES
INTEREST - FEES
														Total
Current Servicing Fees														165,964.51
Current Trustee Fees														2,020.11
TOTAL INTEREST OTHER FEES														167,984.62




Page 5 of 29
IXIS Real Estate Capital Trust 2005-HE1

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

October 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 29
IXIS Real Estate Capital Trust 2005-HE1

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

October 25, 2005 Distribution
Collateral Report


COLLATERAL



															Total



Loan Count:


Original														3,403
Prior														3,388
Prefunding														0
Scheduled Paid Offs														-0
Full Voluntary Prepayments														-157
Repurchases														-2
Liquidations														-1
Current														3,228
Principal Balance:


Original														584,039,192.89
Prior														563,752,733.02
Prefunding														0.00
Scheduled Principal														-302,759.30
Partial Prepayments														-19,296.29
Full Voluntary Prepayments														-27,702,335.70
Repurchases														-610,359.07
Liquidations														-86,114.50
Current														535,031,867.96





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 29
IXIS Real Estate Capital Trust 2005-HE1

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

October 25, 2005 Distribution

CHARACTERISTICS
CHARACTERISTICS
														Total
Weighted Average Coupon Original														7.44269%
Weighted Average Coupon Prior														7.40102%
Weighted Average Coupon Current														7.38452%
Weighted Average Months to Maturity Original														349
Weighted Average Months to Maturity Prior														342
Weighted Average Months to Maturity Current														341
Weighted Avg Remaining Amortization Term Original														349
Weighted Avg Remaining Amortization Term Prior														342
Weighted Avg Remaining Amortization Term Current														341
Weighted Average Seasoning Original														4.33
Weighted Average Seasoning Prior														9.85
Weighted Average Seasoning Current														10.82









Page 8 of 29
IXIS Real Estate Capital Trust 2005-HE1

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

October 25, 2005 Distribution

ARM CHARACTERISTICS
ARM CHARACTERISTICS
														Total
Weighted Average Margin Original														6.66961%
Weighted Average Margin Prior														6.61601%
Weighted Average Margin Current														6.60886%
Weighted Average Max Rate Original														13.83833%
Weighted Average Max Rate Prior														13.77863%
Weighted Average Max Rate Current														13.75907%
Weighted Average Min Rate Original														7.31764%
Weighted Average Min Rate Prior														7.26905%
Weighted Average Min Rate Current														7.24880%
Weighted Average Cap Up Original														1.25975%
Weighted Average Cap Up Prior														1.23726%
Weighted Average Cap Up Current														1.23729%
Weighted Average Cap Down Original														1.25975%
Weighted Average Cap Down Prior														1.23726%
Weighted Average Cap Down Current														1.23729%




SERVICING FEES & ADVANCES

															Total




Current Servicing Fees														165,964.51
Delinquent Servicing Fees														68,932.46
TOTAL SERVICING FEES														234,896.98


Compensating Interest														-19,818.84
Delinquent Servicing Fees														-68,932.46
COLLECTED SERVICING FEES														146,145.68


Aggregate Advances with respect to this Distribution														1,087,445.43





ADDITIONAL COLLATERAL INFORMATION
														Total
Net Prepayment Interest Shortfall														0.00




Page 9 of 29
IXIS Real Estate Capital Trust 2005-HE1

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

October 25, 2005 Distribution
Delinquency Report

	TOTAL
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				9,009,222.36		2,455,597.56		1,712,566.66		13,177,386.58
			% Balance				1.68%		0.46%		0.32%		2.46%
			# Loans				63		18		18		99
			% # Loans				1.95%		0.56%		0.56%		3.07%
	FORECLOSURE		Balance		333,302.54		655,565.18		2,286,116.97		4,576,993.18		7,851,977.87
			% Balance		0.06%		0.12%		0.43%		0.86%		1.47%
			# Loans		4		3		16		31		54
			% # Loans		0.12%		0.09%		0.50%		0.96%		1.67%
	BANKRUPTCY		Balance		354,230.78		152,059.22		0.00		1,312,215.44		1,818,505.44
			% Balance		0.07%		0.03%		0.00%		0.25%		0.34%
			# Loans		3		2		0		11		16
			% # Loans		0.09%		0.06%		0.00%		0.34%		0.50%
	REO		Balance		0.00		0.00		0.00		409,354.63		409,354.63
			% Balance		0.00%		0.00%		0.00%		0.08%		0.08%
			# Loans		0		0		0		5		5
			% # Loans		0.00%		0.00%		0.00%		0.15%		0.15%
	TOTAL		Balance		687,533.32		9,816,846.76		4,741,714.53		8,011,129.91		23,257,224.52
			% Balance		0.13%		1.83%		0.89%		1.50%		4.35%
			# Loans		7		68		34		65		174
			% # Loans		0.22%		2.11%		1.05%		2.01%		5.39%









Page 10 of 29
IXIS Real Estate Capital Trust 2005-HE1

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

October 25, 2005 Distribution


	GROUP 1
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				9,009,222.36		2,455,597.56		1,712,566.66		13,177,386.58
			% Balance				1.68%		0.46%		0.32%		2.46%
			# Loans				63		18		18		99
			% # Loans				1.95%		0.56%		0.56%		3.07%
	FORECLOSURE		Balance		333,302.54		655,565.18		2,286,116.97		4,576,993.18		7,851,977.87
			% Balance		0.06%		0.12%		0.43%		0.86%		1.47%
			# Loans		4		3		16		31		54
			% # Loans		0.12%		0.09%		0.50%		0.96%		1.67%
	BANKRUPTCY		Balance		354,230.78		152,059.22		0.00		1,312,215.44		1,818,505.44
			% Balance		0.07%		0.03%		0.00%		0.25%		0.34%
			# Loans		3		2		0		11		16
			% # Loans		0.09%		0.06%		0.00%		0.34%		0.50%
	REO		Balance		0.00		0.00		0.00		409,354.63		409,354.63
			% Balance		0.00%		0.00%		0.00%		0.08%		0.08%
			# Loans		0		0		0		5		5
			% # Loans		0.00%		0.00%		0.00%		0.15%		0.15%
	TOTAL		Balance		687,533.32		9,816,846.76		4,741,714.53		8,011,129.91		23,257,224.52
			% Balance		0.13%		1.83%		0.89%		1.50%		4.35%
			# Loans		7		68		34		65		174
			% # Loans		0.22%		2.11%		1.05%		2.01%		5.39%










Page 11 of 29
IXIS Real Estate Capital Trust 2005-HE1

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

October 25, 2005 Distribution
	GROUP 2










Page 12 of 29
IXIS Real Estate Capital Trust 2005-HE1

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

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
913 1
913 1			25,000.00		24,860.73		01-Jan-2005		9.990%		MI - 20.00%		360		01-Nov-2004

1041 1			139,500.00		138,024.58		01-Mar-2005		6.790%		GA - 90.00%		360		01-Nov-2004
1645 1			52,000.00		51,750.42		04-Apr-2005		9.790%		MI - 80.00%		360		04-Dec-2004
2755 1			110,400.00		109,258.92		01-Feb-2005		6.440%		GA - 80.00%		360		01-Dec-2004
3481 1			85,800.00		85,459.98		01-Jan-2005		10.700%		TN - 65.00%		360		01-Jan-2005


TOTAL			412,700.00		409,354.63


Page 13 of 29
IXIS Real Estate Capital Trust 2005-HE1

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

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
78 1
78 1			264,800.00		264,798.35		01-Feb-2005		6.500%		MS - 80.00%		360		01-Jul-2004

363 1			63,000.00		62,518.01		20-Apr-2005		9.250%		MI - 90.00%		360		20-Aug-2004
403 1			424,000.00		424,000.00		01-Jul-2005		7.125%		CA - 80.00%		360		01-Sep-2004
560 1			101,600.00		100,358.15		01-Oct-2005		6.500%		AZ - 80.00%		360		01-Oct-2004
626 1			180,500.00		179,615.40		07-Apr-2005		10.600%		NY - 95.00%		360		07-Oct-2004
632 1			40,000.00		39,797.59		18-Mar-2005		10.850%		MS - 80.00%		360		18-Sep-2004
796 1			61,200.00		60,727.92		01-Feb-2005		8.400%		OH - 90.00%		360		01-Nov-2004
804 1			79,050.00		78,388.32		01-Dec-2004		7.990%		OH - 85.00%		360		01-Nov-2004
812 1			76,500.00		75,919.80		01-Jun-2005		8.500%		OH - 90.00%		360		01-Nov-2004
940 1			100,000.00		99,220.92		01-Oct-2005		8.350%		IN - 80.00%		360		01-Nov-2004
968 1			263,700.00		260,752.49		01-Feb-2005		6.500%		CA - 90.00%		360		01-Nov-2004
1115 1			80,000.00		79,318.27		01-Dec-2004		7.900%		NJ - 23.19%		360		01-Nov-2004
1455 1			76,000.00		75,520.88		24-Mar-2005		9.800%		MS - 80.00%		360		24-Sep-2004
1460 1			70,000.00		69,618.30		01-Oct-2005		11.020%		KS - 50.00%		360		01-Nov-2004
1542 1			180,900.00		179,588.42		26-Apr-2005		8.550%		KY - 90.00%		360		26-Nov-2004
1576 1			51,100.00		50,840.69		01-Mar-2005		10.000%		MI - 70.00%		360		01-Dec-2004
1582 1			40,500.00		40,313.01		01-Jun-2005		10.450%		MN - 75.00%		360		01-Dec-2004
1643 1			228,750.00		227,631.22		04-Dec-2004		9.700%		MA - 75.00%		360		04-Dec-2004
1659 1			110,000.00		109,353.85		04-May-2005		9.450%		CA - 59.46%		360		04-Dec-2004
1662 1			107,100.00		106,633.16		04-May-2005		10.250%		MN - 90.00%		360		04-Dec-2004
1674 1			72,000.00		71,683.11		01-Jun-2005		10.675%		FL - 100.00%		360		01-Dec-2004
1687 1			120,000.00		119,353.89		01-Jun-2005		9.725%		CT - 48.00%		360		01-Dec-2004
1695 1			97,750.00		96,972.45		01-Apr-2005		7.800%		FL - 85.00%		360		01-Dec-2004
1708 1			144,000.00		143,291.97		01-Feb-2005		10.150%		IN - 80.00%		360		01-Dec-2004
1883 1			216,000.00		214,062.16		01-May-2005		8.250%		CA - 56.54%		360		01-Oct-2004
1909 1			55,250.00		54,971.24		01-Apr-2005		9.550%		KS - 85.00%		360		01-Jan-2005
1927 1			113,750.00		113,210.77		22-Apr-2005		9.850%		MN - 65.00%		360		22-Dec-2004
1932 1			121,100.00		120,555.26		17-Apr-2005		10.100%		FL - 70.00%		360		17-Dec-2004
1949 1			91,000.00		90,718.48		23-Apr-2005		11.850%		CA - 65.00%		360		23-Dec-2004
1973 1			150,300.00		149,442.00		23-Jun-2005		8.950%		GA - 90.00%		360		23-Dec-2004
1995 1			139,600.00		138,950.59		24-May-2005		10.300%		NC - 80.00%		360		24-Dec-2004
2116 1			44,625.00		44,429.20		06-Apr-2005		10.300%		LA - 75.00%		360		06-Jan-2005
2148 1			48,450.00		48,226.33		06-May-2005		9.950%		MO - 85.00%		360		06-Jan-2005
2207 1			270,000.00		268,311.10		01-Mar-2005		8.575%		CA - 90.00%		360		01-Jan-2005
2404 1			95,000.00		94,405.78		01-May-2005		8.500%		NC - 65.52%		360		01-Jan-2005
2438 1			64,400.00		64,105.17		08-Aug-2005		9.500%		MD - 70.00%		360		08-Jan-2005
2567 1			97,750.00		97,239.99		01-Mar-2005		8.856%		MS - 85.00%		360		01-Feb-2005
2588 1			146,400.00		144,895.34		01-Apr-2005		5.950%		FL - 80.00%		360		01-Jan-2005
3090 1			168,000.00		166,613.57		01-Jun-2005		6.990%		OH - 80.00%		360		01-Feb-2005
3119 1			284,200.00		282,411.72		01-Apr-2005		8.250%		CA - 70.00%		360		01-Feb-2005
3205 1			112,200.00		111,405.55		01-May-2005		8.375%		FL - 85.00%		360		01-Dec-2004
3306 1			387,000.00		384,861.95		01-Jun-2005		8.575%		CO - 90.00%		360		01-Feb-2005
3363 1			214,000.00		212,169.12		01-Jun-2005		6.350%		CA - 62.94%		360		01-Feb-2005
3422 1			59,120.00		59,120.00		01-Jun-2005		7.250%		ID - 80.00%		360		01-Sep-2004
3434 1			67,500.00		66,952.68		01-Jan-2005		8.150%		OH - 75.00%		360		01-Nov-2004
3577 1			313,650.00		311,782.29		01-Apr-2005		7.600%		CA - 85.00%		360		01-Mar-2005
3623 1			180,720.00		179,431.96		01-May-2005		6.675%		CO - 80.00%		360		01-Mar-2005
3758 1			82,500.00		82,123.18		20-Jun-2005		10.500%		FL - 75.00%		360		20-Nov-2004
3827 1			128,250.00		127,673.43		01-Jun-2005		8.990%		IL - 95.00%		360		01-Mar-2005


Page 14 of 29
IXIS Real Estate Capital Trust 2005-HE1

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

October 25, 2005 Distribution

Loan Number			Original		Stated				Current		State &

														First
&			Principal		Principal		Paid to		Note		LTV at		Original		Payment

Loan Group			Balance		Balance		Date		Rate		Origination		Term		Date
3845 1
3845 1			189,000.00		188,047.95		01-Apr-2005		7.750%		IL - 100.00%		360		01-Apr-2005

3851 1			298,350.00		296,962.75		01-Jun-2005		8.150%		MT - 81.74%		360		01-Apr-2005
3865 1			162,500.00		161,708.88		01-Jun-2005		8.600%		CA - 65.00%		360		01-Mar-2005
336142 1			168,000.00		166,573.53		01-Jun-2005		6.390%		FL - 80.00%		360		01-Feb-2005
1000330366 1			394,400.00		394,399.73		01-Apr-2005		6.200%		CA - 80.00%		360		01-Jan-2005


TOTAL			7,895,465.00		7,851,977.87


Page 15 of 29
IXIS Real Estate Capital Trust 2005-HE1

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

October 25, 2005 Distribution
Prepayment Report

VOLUNTARY PREPAYMENTS
VOLUNTARY PREPAYMENTS

															Total




Current


Number of Paid in Full Loans														157
Number of Repurchased Loans														2
Total Number of Loans Prepaid in Full														159
Curtailments Amount														19,296.29
Paid in Full Balance														27,702,335.70
Repurchased Loans Balance														610,359.07
Total Prepayment Amount														28,331,991.06

Cumulative


Number of Paid in Full Loans														898
Number of Repurchased Loans														4
Total Number of Loans Prepaid in Full														902
Paid in Full Balance														168,192,748.20
Repurchased Loans Balance														888,439.80
Curtailments Amount														256,086.04
Total Prepayment Amount														169,337,274.04










Page 16 of 29
IXIS Real Estate Capital Trust 2005-HE1

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

October 25, 2005 Distribution

VOLUNTARY PREPAYMENTS RATES
VOLUNTARY PREPAYMENTS RATES

															Total



SMM														5.04%
3 Months Avg SMM														4.79%
12 Months Avg SMM														3.48%
Avg SMM Since Cut-off														3.48%


CPR														46.26%
3 Months Avg CPR														44.50%
12 Months Avg CPR														34.59%
Avg CPR Since Cut-off														34.59%


PSA														2,137.47%
3 Months Avg PSA Approximation														2,257.99%
12 Months Avg PSA Approximation														2,300.43%
Avg PSA Since Cut-off Approximation														2,300.44%










Page 17 of 29
IXIS Real Estate Capital Trust 2005-HE1

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

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 18 of 29
IXIS Real Estate Capital Trust 2005-HE1

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

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

14 1			277,400.00		277,394.02			30-Sep-2005		7.990%		CA - 95.00%		Paid Off - 360		01-Jun-2004
			277,400.00

64 1			177,000.00		175,336.82			21-Sep-2005		8.625%		CT - 69.96%		Paid Off - 360		01-Jul-2004
64 1					175,336.82			21-Sep-2005		8.625%		CT - 69.96%		Paid Off - 360		01-Jul-2004
92 1			451,250.00		445,852.34			16-Sep-2005		6.990%		CA - 95.00%		Paid Off - 360		01-Aug-2004
92 1					445,852.34			16-Sep-2005		6.990%		CA - 95.00%		Paid Off - 360		01-Aug-2004
130 1			133,200.00		129,668.50			05-Oct-2005		5.908%		AZ - 90.00%		Paid Off - 360		01-Aug-2004
130 1					129,668.50			05-Oct-2005		5.908%		AZ - 90.00%		Paid Off - 360		01-Aug-2004
217 1			240,000.00		236,983.85			03-Oct-2005		7.100%		FL - 75.00%		Paid Off - 360		01-Jul-2004
217 1					236,983.85			03-Oct-2005		7.100%		FL - 75.00%		Paid Off - 360		01-Jul-2004
225 1			244,000.00		243,988.50			04-Oct-2005		7.050%		CA - 80.00%		Paid Off - 360		01-Aug-2004
225 1					243,988.50			04-Oct-2005		7.050%		CA - 80.00%		Paid Off - 360		01-Aug-2004
247 1			219,200.00		216,581.90			21-Sep-2005		6.990%		CA - 80.00%		Paid Off - 360		01-Aug-2004
247 1					216,581.90			21-Sep-2005		6.990%		CA - 80.00%		Paid Off - 360		01-Aug-2004
250 1			68,500.00		67,833.17			16-Sep-2005		8.240%		AZ - 100.00%		Paid Off - 360		01-Aug-2004
250 1					67,833.17			16-Sep-2005		8.240%		AZ - 100.00%		Paid Off - 360		01-Aug-2004
296 1			135,000.00		133,035.18			04-Oct-2005		6.900%		NY - 58.70%		Paid Off - 360		01-Jul-2004
296 1					133,035.18			04-Oct-2005		6.900%		NY - 58.70%		Paid Off - 360		01-Jul-2004
306 1			107,100.00		106,156.02			29-Sep-2005		8.150%		CA - 90.00%		Paid Off - 360		01-Sep-2004
306 1					106,156.02			29-Sep-2005		8.150%		CA - 90.00%		Paid Off - 360		01-Sep-2004
330 1			35,000.00		34,698.15			23-Sep-2005		9.325%		CA - 50.00%		Paid Off - 360		01-Sep-2004
330 1					34,698.15			23-Sep-2005		9.325%		CA - 50.00%		Paid Off - 360		01-Sep-2004
348 1			172,000.00		170,756.47			13-Oct-2005		10.250%		AR - 80.00%		Paid Off - 360		19-Aug-2004
348 1					170,756.47			13-Oct-2005		10.250%		AR - 80.00%		Paid Off - 360		19-Aug-2004
388 1			376,000.00		376,000.00			29-Sep-2005		6.950%		FL - 80.00%		Paid Off - 360		01-Sep-2004
388 1					376,000.00			29-Sep-2005		6.950%		FL - 80.00%		Paid Off - 360		01-Sep-2004
400 1			106,320.00		106,320.00			22-Sep-2005		6.950%		OR - 80.00%		Paid Off - 360		01-Sep-2004
400 1					106,320.00			22-Sep-2005		6.950%		OR - 80.00%		Paid Off - 360		01-Sep-2004
401 1			211,500.00		211,500.00			19-Sep-2005		7.550%		IL - 90.00%		Paid Off - 360		01-Sep-2004
401 1					211,500.00			19-Sep-2005		7.550%		IL - 90.00%		Paid Off - 360		01-Sep-2004
411 1			160,000.00		158,038.90			29-Sep-2005		6.450%		OR - 80.00%		Paid Off - 360		01-Sep-2004
411 1					158,038.90			29-Sep-2005		6.450%		OR - 80.00%		Paid Off - 360		01-Sep-2004
415 1			40,000.00		39,702.23			29-Sep-2005		8.990%		OR - 20.00%		Paid Off - 180		01-Sep-2004
415 1					39,702.23			29-Sep-2005		8.990%		OR - 20.00%		Paid Off - 180		01-Sep-2004
422 1			149,400.00		147,670.12			28-Sep-2005		6.750%		FL - 90.00%		Paid Off - 360		15-Aug-2004
422 1					147,670.12			28-Sep-2005		6.750%		FL - 90.00%		Paid Off - 360		15-Aug-2004
423 1			295,600.00		289,717.03			03-Oct-2005		7.750%		TX - 70.38%		Paid Off - 360		20-Aug-2004
423 1					289,717.03			03-Oct-2005		7.750%		TX - 70.38%		Paid Off - 360		20-Aug-2004
465 1			308,750.00		308,357.82			06-Oct-2005		7.125%		CA - 95.00%		Paid Off - 360		01-Aug-2004
465 1					308,357.82			06-Oct-2005		7.125%		CA - 95.00%		Paid Off - 360		01-Aug-2004
519 1			425,000.00		423,042.31			30-Sep-2005		6.090%		CA - 85.00%		Paid Off - 360		01-Oct-2004
519 1					423,042.31			30-Sep-2005		6.090%		CA - 85.00%		Paid Off - 360		01-Oct-2004
533 1			400,000.00		400,000.00			27-Sep-2005		6.090%		CA - 89.79%		Paid Off - 360		01-Sep-2004
533 1					400,000.00			27-Sep-2005		6.090%		CA - 89.79%		Paid Off - 360		01-Sep-2004
535 1			204,000.00		204,000.00			30-Sep-2005		6.340%		CA - 80.00%		Paid Off - 360		01-Sep-2004
535 1					204,000.00			30-Sep-2005		6.340%		CA - 80.00%		Paid Off - 360		01-Sep-2004
539 1			428,000.00		427,891.64			21-Sep-2005		6.740%		CA - 80.00%		Paid Off - 360		01-Sep-2004
539 1					427,891.64			21-Sep-2005		6.740%		CA - 80.00%		Paid Off - 360		01-Sep-2004
545 1			145,541.00		143,088.44			13-Oct-2005		7.990%		FL - 95.00%		Paid Off - 360		01-Oct-2004
545 1					143,088.44			13-Oct-2005		7.990%		FL - 95.00%		Paid Off - 360		01-Oct-2004
565 1			435,600.00		435,582.45			21-Sep-2005		6.150%		CA - 80.00%		Paid Off - 360		01-Oct-2004
565 1					435,582.45			21-Sep-2005		6.150%		CA - 80.00%		Paid Off - 360		01-Oct-2004
567 1			140,000.00		138,759.13			14-Oct-2005		7.700%		FL - 56.00%		Paid Off - 360		01-Oct-2004
567 1					138,759.13			14-Oct-2005		7.700%		FL - 56.00%		Paid Off - 360		01-Oct-2004
692 1			268,800.00		268,800.00			07-Oct-2005		7.990%		CA - 70.00%		Paid Off - 360		01-Oct-2004
692 1					268,800.00			07-Oct-2005		7.990%		CA - 70.00%		Paid Off - 360		01-Oct-2004
693 1			213,300.00		213,300.00			30-Sep-2005		7.990%		CA - 96.95%		Paid Off - 360		01-Oct-2004
693 1					213,300.00			30-Sep-2005		7.990%		CA - 96.95%		Paid Off - 360		01-Oct-2004
712 1			204,250.00		202,449.69			20-Sep-2005		8.150%		FL - 95.00%		Paid Off - 360		01-Sep-2004
712 1					202,449.69			20-Sep-2005		8.150%		FL - 95.00%		Paid Off - 360		01-Sep-2004
720 1			183,750.00		183,749.97			03-Oct-2005		5.800%		NV - 75.00%		Paid Off - 360		01-Aug-2004
720 1					183,749.97			03-Oct-2005		5.800%		NV - 75.00%		Paid Off - 360		01-Aug-2004
721 1			220,000.00		217,015.73			23-Sep-2005		6.700%		UT - 80.00%		Paid Off - 360		01-Jul-2004
721 1					217,015.73			23-Sep-2005		6.700%		UT - 80.00%		Paid Off - 360		01-Jul-2004
743 1			236,000.00		233,824.44			16-Sep-2005		7.500%		CA - 80.00%		Paid Off - 360		01-Oct-2004
743 1					233,824.44			16-Sep-2005		7.500%		CA - 80.00%		Paid Off - 360		01-Oct-2004
762 1			81,900.00		81,160.63			07-Oct-2005		7.875%		MD - 90.00%		Paid Off - 360		01-Oct-2004
762 1					81,160.63			07-Oct-2005		7.875%		MD - 90.00%		Paid Off - 360		01-Oct-2004
819 1			459,000.00		459,000.00			06-Oct-2005		6.500%		CA - 90.00%		Paid Off - 360		01-Nov-2004
819 1					459,000.00			06-Oct-2005		6.500%		CA - 90.00%		Paid Off - 360		01-Nov-2004
821 1			82,000.00		81,529.00			29-Sep-2005		10.250%		CA - 20.00%		Paid Off - 360		01-Oct-2004
821 1					81,529.00			29-Sep-2005		10.250%		CA - 20.00%		Paid Off - 360		01-Oct-2004
829 1			388,000.00		387,656.15			14-Oct-2005		7.050%		CA - 80.00%		Paid Off - 360		01-Nov-2004
829 1					387,656.15					7.050%		CA - 80.00%		Paid Off - 360


Page 19 of 29
IXIS Real Estate Capital Trust 2005-HE1

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

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

849 1			76,709.00		76,205.30			30-Sep-2005		8.750%		MI - 90.00%		Paid Off - 360		01-Nov-2004
			76,709.00

879 1			71,000.00		70,470.83			28-Sep-2005		8.250%		IN - 74.74%		Paid Off - 360		01-Nov-2004
879 1					70,470.83			28-Sep-2005		8.250%		IN - 74.74%		Paid Off - 360		01-Nov-2004
885 1			149,600.00		147,974.91			04-Oct-2005		6.650%		NV - 80.00%		Paid Off - 360		01-Oct-2004
885 1					147,974.91			04-Oct-2005		6.650%		NV - 80.00%		Paid Off - 360		01-Oct-2004
889 1			38,000.00		37,839.21			30-Sep-2005		11.500%		CA - 20.00%		Paid Off - 360		01-Nov-2004
889 1					37,839.21			30-Sep-2005		11.500%		CA - 20.00%		Paid Off - 360		01-Nov-2004
895 1			172,250.00		170,755.79			19-Sep-2005		7.350%		CA - 65.00%		Paid Off - 360		01-Nov-2004
895 1					170,755.79			19-Sep-2005		7.350%		CA - 65.00%		Paid Off - 360		01-Nov-2004
903 1			55,000.00		53,549.84			07-Oct-2005		10.550%		MS - 41.98%		Paid Off - 180		01-Nov-2004
903 1					53,549.84			07-Oct-2005		10.550%		MS - 41.98%		Paid Off - 180		01-Nov-2004
915 1			44,175.00		43,997.89			04-Oct-2005		11.750%		CO - 15.00%		Paid Off - 360		01-Nov-2004
915 1					43,997.89			04-Oct-2005		11.750%		CO - 15.00%		Paid Off - 360		01-Nov-2004
917 1			184,050.00		181,892.34			12-Oct-2005		6.250%		CA - 64.79%		Paid Off - 360		01-Oct-2004
917 1					181,892.34			12-Oct-2005		6.250%		CA - 64.79%		Paid Off - 360		01-Oct-2004
927 1			294,000.00		291,294.98			12-Oct-2005		7.500%		CA - 84.24%		Paid Off - 360		01-Oct-2004
927 1					291,294.98			12-Oct-2005		7.500%		CA - 84.24%		Paid Off - 360		01-Oct-2004
929 1			365,000.00		361,285.20			07-Oct-2005		6.990%		CA - 56.15%		Paid Off - 360		01-Oct-2004
929 1					361,285.20			07-Oct-2005		6.990%		CA - 56.15%		Paid Off - 360		01-Oct-2004
957 1			383,000.00		379,514.61			21-Sep-2005		7.350%		NV - 83.81%		Paid Off - 360		01-Nov-2004
957 1					379,514.61			21-Sep-2005		7.350%		NV - 83.81%		Paid Off - 360		01-Nov-2004
971 1			87,920.00		87,370.27			13-Oct-2005		8.990%		UT - 80.00%		Paid Off - 360		01-Nov-2004
971 1					87,370.27			13-Oct-2005		8.990%		UT - 80.00%		Paid Off - 360		01-Nov-2004
1032 1			133,200.00		132,142.31			07-Oct-2005		7.800%		IL - 90.00%		Paid Off - 360		01-Nov-2004
1032 1					132,142.31			07-Oct-2005		7.800%		IL - 90.00%		Paid Off - 360		01-Nov-2004
1056 1			150,400.00		149,349.65			22-Sep-2005		8.990%		MN - 80.00%		Paid Off - 360		01-Nov-2004
1056 1					149,349.65			22-Sep-2005		8.990%		MN - 80.00%		Paid Off - 360		01-Nov-2004
1074 1			105,000.00		103,202.11			13-Oct-2005		8.990%		WA - 20.00%		Paid Off - 240		01-Nov-2004
1074 1					103,202.11			13-Oct-2005		8.990%		WA - 20.00%		Paid Off - 240		01-Nov-2004
1117 1			300,000.00		297,665.06			13-Oct-2005		8.100%		NY - 100.00%		Paid Off - 360		01-Nov-2004
1117 1					297,665.06			13-Oct-2005		8.100%		NY - 100.00%		Paid Off - 360		01-Nov-2004
1121 1			93,500.00		92,764.02			11-Oct-2005		7.900%		FL - 80.60%		Paid Off - 360		01-Nov-2004
1121 1					92,764.02			11-Oct-2005		7.900%		FL - 80.60%		Paid Off - 360		01-Nov-2004
1126 1			57,800.00		57,354.41			07-Oct-2005		7.950%		PA - 83.77%		Paid Off - 360		01-Nov-2004
1126 1					57,354.41			07-Oct-2005		7.950%		PA - 83.77%		Paid Off - 360		01-Nov-2004
1134 1			100,100.00		99,642.70			23-Sep-2005		10.500%		FL - 65.00%		Paid Off - 360		01-Nov-2004
1134 1					99,642.70			23-Sep-2005		10.500%		FL - 65.00%		Paid Off - 360		01-Nov-2004
1180 1			149,600.00		148,017.10			23-Sep-2005		6.790%		CA - 80.00%		Paid Off - 360		01-Oct-2004
1180 1					148,017.10			23-Sep-2005		6.790%		CA - 80.00%		Paid Off - 360		01-Oct-2004
1189 1			223,200.00		221,119.58			27-Sep-2005		6.990%		NJ - 90.00%		Paid Off - 360		01-Nov-2004
1189 1					221,119.58			27-Sep-2005		6.990%		NJ - 90.00%		Paid Off - 360		01-Nov-2004
1211 1			203,000.00		201,255.19			14-Oct-2005		7.400%		CA - 76.60%		Paid Off - 360		01-Nov-2004
1211 1					201,255.19			14-Oct-2005		7.400%		CA - 76.60%		Paid Off - 360		01-Nov-2004
1213 1			408,000.00		403,110.55			28-Sep-2005		5.650%		CA - 79.22%		Paid Off - 360		01-Nov-2004
1213 1					403,110.55			28-Sep-2005		5.650%		CA - 79.22%		Paid Off - 360		01-Nov-2004
1220 1			253,584.00		253,330.77			28-Sep-2005		6.850%		CA - 85.00%		Paid Off - 360		01-Nov-2004
1220 1					253,330.77			28-Sep-2005		6.850%		CA - 85.00%		Paid Off - 360		01-Nov-2004
1227 1			12,400.00		11,648.68			27-Sep-2005		8.500%		NJ - 5.00%		Paid Off - 120		01-Nov-2004
1227 1					11,648.68			27-Sep-2005		8.500%		NJ - 5.00%		Paid Off - 120		01-Nov-2004
1269 1			149,000.00		148,227.93			04-Oct-2005		9.900%		NJ - 59.60%		Paid Off - 360		01-Nov-2004
1269 1					148,227.93			04-Oct-2005		9.900%		NJ - 59.60%		Paid Off - 360		01-Nov-2004
1278 1			75,600.00		74,741.47			04-Oct-2005		6.250%		MI - 80.00%		Paid Off - 360		01-Nov-2004
1278 1					74,741.47			04-Oct-2005		6.250%		MI - 80.00%		Paid Off - 360		01-Nov-2004
1279 1			18,900.00		18,761.44			04-Oct-2005		11.250%		MI - 20.00%		Paid Off - 180		01-Nov-2004
1279 1					18,761.44			04-Oct-2005		11.250%		MI - 20.00%		Paid Off - 180		01-Nov-2004
1286 1			10,000.00		9,468.92			28-Sep-2005		10.990%		CA - 3.72%		Paid Off - 120		01-Nov-2004
1286 1					9,468.92			28-Sep-2005		10.990%		CA - 3.72%		Paid Off - 120		01-Nov-2004
1287 1			140,000.00		138,536.49			23-Sep-2005		6.380%		CA - 80.00%		Paid Off - 360		01-Nov-2004
1287 1					138,536.49			23-Sep-2005		6.380%		CA - 80.00%		Paid Off - 360		01-Nov-2004
1299 1			165,000.00		164,114.27			23-Sep-2005		9.750%		WI - 75.00%		Paid Off - 360		01-Nov-2004
1299 1					164,114.27			23-Sep-2005		9.750%		WI - 75.00%		Paid Off - 360		01-Nov-2004
1414 1			31,200.00		31,083.80			07-Oct-2005		10.990%		FL - 20.00%		Paid Off - 180		01-Dec-2004
1414 1					31,083.80			07-Oct-2005		10.990%		FL - 20.00%		Paid Off - 180		01-Dec-2004
1418 1			98,000.00		97,635.75			30-Sep-2005		11.000%		CA - 20.00%		Paid Off - 180		01-Dec-2004
1418 1					97,635.75			30-Sep-2005		11.000%		CA - 20.00%		Paid Off - 180		01-Dec-2004
1427 1			37,000.00		36,869.36			28-Sep-2005		11.240%		AZ - 20.00%		Paid Off - 180		01-Dec-2004
1427 1					36,869.36			28-Sep-2005		11.240%		AZ - 20.00%		Paid Off - 180		01-Dec-2004
1440 1			30,000.00		29,619.31			04-Oct-2005		12.350%		CA - 9.84%		Paid Off - 240		01-Oct-2004
1440 1					29,619.31			04-Oct-2005		12.350%		CA - 9.84%		Paid Off - 240		01-Oct-2004
1448 1			47,432.00		46,715.33			03-Oct-2005		11.350%		CA - 17.57%		Paid Off - 180		01-Oct-2004
1448 1					46,715.33			03-Oct-2005		11.350%		CA - 17.57%		Paid Off - 180		01-Oct-2004
1513 1			80,000.00		79,309.21			27-Sep-2005		6.950%		FL - 61.07%		Paid Off - 360		25-Nov-2004
1513 1					79,309.21			27-Sep-2005		6.950%		FL - 61.07%		Paid Off - 360		25-Nov-2004
1531 1			213,350.00		212,020.96			30-Sep-2005		8.850%		AZ - 85.00%		Paid Off - 360		01-Dec-2004
1531 1					212,020.96					8.850%		AZ - 85.00%		Paid Off - 360


Page 20 of 29
IXIS Real Estate Capital Trust 2005-HE1

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

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

1536 1			200,000.00		198,808.32			19-Sep-2005		8.750%		MA - 65.57%		Paid Off - 360		01-Dec-2004
			200,000.00

1642 1			131,000.00		130,146.83			14-Oct-2005		7.750%		NJ - 71.98%		Paid Off - 360		04-Dec-2004
1642 1					130,146.83			14-Oct-2005		7.750%		NJ - 71.98%		Paid Off - 360		04-Dec-2004
1658 1			110,000.00		109,436.25			04-Oct-2005		8.950%		CA - 55.00%		Paid Off - 360		04-Dec-2004
1658 1					109,436.25			04-Oct-2005		8.950%		CA - 55.00%		Paid Off - 360		04-Dec-2004
1683 1			80,750.00		80,236.65			06-Oct-2005		8.425%		FL - 85.00%		Paid Off - 360		01-Dec-2004
1683 1					80,236.65			06-Oct-2005		8.425%		FL - 85.00%		Paid Off - 360		01-Dec-2004
1701 1			98,800.00		97,784.58			13-Oct-2005		5.950%		OK - 80.00%		Paid Off - 360		01-Dec-2004
1701 1					97,784.58			13-Oct-2005		5.950%		OK - 80.00%		Paid Off - 360		01-Dec-2004
1714 1			155,320.00		154,050.41			04-Oct-2005		7.150%		FL - 80.00%		Paid Off - 360		01-Dec-2004
1714 1					154,050.41			04-Oct-2005		7.150%		FL - 80.00%		Paid Off - 360		01-Dec-2004
1743 1			500,000.00		495,302.93			29-Sep-2005		6.450%		CA - 56.82%		Paid Off - 360		01-Dec-2004
1743 1					495,302.93			29-Sep-2005		6.450%		CA - 56.82%		Paid Off - 360		01-Dec-2004
1746 1			257,600.00		257,600.00			16-Sep-2005		7.750%		WA - 80.00%		Paid Off - 360		01-Dec-2004
1746 1					257,600.00			16-Sep-2005		7.750%		WA - 80.00%		Paid Off - 360		01-Dec-2004
1750 1			89,600.00		89,600.00			04-Oct-2005		7.200%		FL - 80.00%		Paid Off - 360		01-Dec-2004
1750 1					89,600.00			04-Oct-2005		7.200%		FL - 80.00%		Paid Off - 360		01-Dec-2004
1752 1			137,750.00		137,749.15			04-Oct-2005		6.500%		FL - 95.00%		Paid Off - 360		01-Dec-2004
1752 1					137,749.15			04-Oct-2005		6.500%		FL - 95.00%		Paid Off - 360		01-Dec-2004
1776 1			40,400.00		40,163.42			13-Oct-2005		9.750%		FL - 20.00%		Paid Off - 180		01-Oct-2004
1776 1					40,163.42			13-Oct-2005		9.750%		FL - 20.00%		Paid Off - 180		01-Oct-2004
1809 1			114,980.00		114,423.32			04-Oct-2005		9.750%		CA - 26.99%		Paid Off - 180		01-Nov-2004
1809 1					114,423.32			04-Oct-2005		9.750%		CA - 26.99%		Paid Off - 180		01-Nov-2004
1811 1			64,400.00		64,147.55			16-Sep-2005		10.750%		WA - 20.00%		Paid Off - 180		01-Dec-2004
1811 1					64,147.55			16-Sep-2005		10.750%		WA - 20.00%		Paid Off - 180		01-Dec-2004
1814 1			22,400.00		22,152.45			04-Oct-2005		10.250%		FL - 20.00%		Paid Off - 180		01-Dec-2004
1814 1					22,152.45			04-Oct-2005		10.250%		FL - 20.00%		Paid Off - 180		01-Dec-2004
1818 1			80,700.00		80,408.25			16-Sep-2005		11.130%		NC - 64.98%		Paid Off - 360		27-Nov-2004
1818 1					80,408.25			16-Sep-2005		11.130%		NC - 64.98%		Paid Off - 360		27-Nov-2004
1828 1			196,000.00		194,203.65			29-Sep-2005		6.750%		CA - 80.00%		Paid Off - 360		01-Dec-2004
1828 1					194,203.65			29-Sep-2005		6.750%		CA - 80.00%		Paid Off - 360		01-Dec-2004
1829 1			49,000.00		48,749.71			29-Sep-2005		10.990%		CA - 20.00%		Paid Off - 180		01-Dec-2004
1829 1					48,749.71			29-Sep-2005		10.990%		CA - 20.00%		Paid Off - 180		01-Dec-2004
1833 1			80,000.00		76,942.12			04-Oct-2005		8.490%		FL - 80.00%		Paid Off - 360		01-Dec-2004
1833 1					76,942.12			04-Oct-2005		8.490%		FL - 80.00%		Paid Off - 360		01-Dec-2004
1892 1			450,000.00		450,000.00			22-Sep-2005		7.000%		CA - 90.00%		Paid Off - 360		01-Jan-2005
1892 1					450,000.00			22-Sep-2005		7.000%		CA - 90.00%		Paid Off - 360		01-Jan-2005
1944 1			40,000.00		39,828.15			23-Sep-2005		9.800%		MI - 57.14%		Paid Off - 360		19-Dec-2004
1944 1					39,828.15			23-Sep-2005		9.800%		MI - 57.14%		Paid Off - 360		19-Dec-2004
1961 1			163,000.00		162,223.58			29-Sep-2005		9.300%		FL - 100.00%		Paid Off - 360		22-Dec-2004
1961 1					162,223.58			29-Sep-2005		9.300%		FL - 100.00%		Paid Off - 360		22-Dec-2004
1977 1			91,000.00		90,489.46			27-Sep-2005		8.500%		WY - 64.08%		Paid Off - 360		22-Dec-2004
1977 1					90,489.46			27-Sep-2005		8.500%		WY - 64.08%		Paid Off - 360		22-Dec-2004
2012 1			208,050.00		206,733.58			21-Sep-2005		7.900%		AZ - 95.00%		Paid Off - 360		01-Jan-2005
2012 1					206,733.58			21-Sep-2005		7.900%		AZ - 95.00%		Paid Off - 360		01-Jan-2005
2161 1			340,000.00		340,000.00			27-Sep-2005		6.350%		CA - 80.00%		Paid Off - 360		01-Dec-2004
2161 1					340,000.00			27-Sep-2005		6.350%		CA - 80.00%		Paid Off - 360		01-Dec-2004
2254 1			267,920.00		267,920.00			04-Oct-2005		6.990%		CA - 80.00%		Paid Off - 360		01-Jan-2005
2254 1					267,920.00			04-Oct-2005		6.990%		CA - 80.00%		Paid Off - 360		01-Jan-2005
2269 1			288,000.00		288,000.00			20-Sep-2005		6.890%		CA - 80.00%		Paid Off - 360		01-Oct-2004
2269 1					288,000.00			20-Sep-2005		6.890%		CA - 80.00%		Paid Off - 360		01-Oct-2004
2309 1			62,000.00		61,757.35			14-Oct-2005		10.240%		FL - 20.00%		Paid Off - 180		01-Jan-2005
2309 1					61,757.35			14-Oct-2005		10.240%		FL - 20.00%		Paid Off - 180		01-Jan-2005
2314 1			72,000.00		71,619.36			20-Sep-2005		10.240%		CA - 20.00%		Paid Off - 180		01-Oct-2004
2314 1					71,619.36			20-Sep-2005		10.240%		CA - 20.00%		Paid Off - 180		01-Oct-2004
2351 1			124,100.00		122,557.64			12-Oct-2005		7.650%		WA - 85.00%		Paid Off - 360		01-Dec-2004
2351 1					122,557.64			12-Oct-2005		7.650%		WA - 85.00%		Paid Off - 360		01-Dec-2004
2437 1			127,500.00		126,799.43			07-Oct-2005		8.000%		OH - 85.00%		Paid Off - 360		08-Jan-2005
2437 1					126,799.43			07-Oct-2005		8.000%		OH - 85.00%		Paid Off - 360		08-Jan-2005
2446 1			113,000.00		112,383.85			21-Sep-2005		8.550%		NV - 63.48%		Paid Off - 360		08-Jan-2005
2446 1					112,383.85			21-Sep-2005		8.550%		NV - 63.48%		Paid Off - 360		08-Jan-2005
2508 1			102,850.00		102,276.17			06-Oct-2005		8.550%		CT - 83.62%		Paid Off - 360		01-Jan-2005
2508 1					102,276.17			06-Oct-2005		8.550%		CT - 83.62%		Paid Off - 360		01-Jan-2005
2509 1			105,000.00		104,448.65			#######		8.825%		FL - 99.52%		Paid Off - 360		01-Jan-2005
2509 1					104,448.65					8.825%		FL - 99.52%		Paid Off - 360		01-Jan-2005
2520 1			186,400.00		185,140.26			13-Oct-2005		6.950%		WA - 80.00%		Paid Off - 360		01-Feb-2005
2520 1					185,140.26			13-Oct-2005		6.950%		WA - 80.00%		Paid Off - 360		01-Feb-2005
2535 1			46,600.00		46,462.75			13-Oct-2005		11.000%		WA - 20.00%		Paid Off - 180		01-Feb-2005
2535 1					46,462.75			13-Oct-2005		11.000%		WA - 20.00%		Paid Off - 180		01-Feb-2005
2598 1			389,700.00		387,554.42			12-Oct-2005		7.990%		CA - 90.00%		Paid Off - 360		01-Feb-2005
2598 1					387,554.42			12-Oct-2005		7.990%		CA - 90.00%		Paid Off - 360		01-Feb-2005
2608 1			238,000.00		238,000.00			12-Oct-2005		5.950%		CA - 80.00%		Paid Off - 360		01-Feb-2005
2608 1					238,000.00			12-Oct-2005		5.950%		CA - 80.00%		Paid Off - 360		01-Feb-2005
2612 1			308,000.00		308,000.00			03-Oct-2005		6.300%		CA - 80.00%		Paid Off - 360		01-Feb-2005
2612 1					308,000.00					6.300%		CA - 80.00%		Paid Off - 360


Page 21 of 29
IXIS Real Estate Capital Trust 2005-HE1

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

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

2657 1			237,500.00		236,044.41			11-Oct-2005		7.450%		CA - 95.00%		Paid Off - 360		01-Feb-2005
			237,500.00

2692 1			43,550.00		43,418.30			12-Oct-2005		10.950%		FL - 19.98%		Paid Off - 180		01-Feb-2005
2692 1					43,418.30			12-Oct-2005		10.950%		FL - 19.98%		Paid Off - 180		01-Feb-2005
2762 1			514,122.00		514,122.00			10-Oct-2005		9.140%		CA - 88.18%		Paid Off - 360		01-Jan-2005
2762 1					514,122.00			10-Oct-2005		9.140%		CA - 88.18%		Paid Off - 360		01-Jan-2005
2763 1			110,000.00		109,309.14			14-Oct-2005		8.500%		CA - 78.57%		Paid Off - 360		01-Dec-2004
2763 1					109,309.14			14-Oct-2005		8.500%		CA - 78.57%		Paid Off - 360		01-Dec-2004
2767 1			272,850.00		270,786.12			14-Oct-2005		7.800%		CA - 85.00%		Paid Off - 360		01-Dec-2004
2767 1					270,786.12			14-Oct-2005		7.800%		CA - 85.00%		Paid Off - 360		01-Dec-2004
2772 1			63,000.00		62,431.68			30-Sep-2005		6.640%		IL - 70.00%		Paid Off - 360		01-Dec-2004
2772 1					62,431.68			30-Sep-2005		6.640%		IL - 70.00%		Paid Off - 360		01-Dec-2004
2789 1			206,000.00		204,427.37			14-Oct-2005		7.500%		CA - 74.91%		Paid Off - 360		01-Dec-2004
2789 1					204,427.37			14-Oct-2005		7.500%		CA - 74.91%		Paid Off - 360		01-Dec-2004
2795 1			124,000.00		122,892.19			30-Sep-2005		6.690%		FL - 80.00%		Paid Off - 360		01-Dec-2004
2795 1					122,892.19			30-Sep-2005		6.690%		FL - 80.00%		Paid Off - 360		01-Dec-2004
2817 1			56,000.00		55,790.92			20-Sep-2005		10.990%		CA - 20.00%		Paid Off - 180		01-Dec-2004
2817 1					55,790.92			20-Sep-2005		10.990%		CA - 20.00%		Paid Off - 180		01-Dec-2004
2823 1			260,000.00		258,670.10			20-Sep-2005		8.990%		CA - 79.51%		Paid Off - 360		01-Jan-2005
2823 1					258,670.10			20-Sep-2005		8.990%		CA - 79.51%		Paid Off - 360		01-Jan-2005
2837 1			187,000.00		186,358.98			28-Sep-2005		10.290%		CA - 68.00%		Paid Off - 360		01-Feb-2005
2837 1					186,358.98			28-Sep-2005		10.290%		CA - 68.00%		Paid Off - 360		01-Feb-2005
2871 1			193,000.00		191,947.89			04-Oct-2005		8.040%		CA - 49.49%		Paid Off - 360		01-Feb-2005
2871 1					191,947.89			04-Oct-2005		8.040%		CA - 49.49%		Paid Off - 360		01-Feb-2005
2874 1			110,000.00		109,230.15			16-Sep-2005		7.410%		MI - 91.67%		Paid Off - 360		01-Jan-2005
2874 1					109,230.15			16-Sep-2005		7.410%		MI - 91.67%		Paid Off - 360		01-Jan-2005
2971 1			369,000.00		366,647.81			30-Sep-2005		7.250%		CA - 90.00%		Paid Off - 360		01-Feb-2005
2971 1					366,647.81			30-Sep-2005		7.250%		CA - 90.00%		Paid Off - 360		01-Feb-2005
3008 1			287,000.00		284,798.08			16-Sep-2005		6.290%		CA - 94.10%		Paid Off - 360		01-Feb-2005
3008 1					284,798.08			16-Sep-2005		6.290%		CA - 94.10%		Paid Off - 360		01-Feb-2005
3041 1			104,500.00		103,852.68			27-Sep-2005		7.910%		FL - 95.00%		Paid Off - 360		01-Feb-2005
3041 1					103,852.68			27-Sep-2005		7.910%		FL - 95.00%		Paid Off - 360		01-Feb-2005
3115 1			266,250.00		264,858.61			29-Sep-2005		8.250%		CA - 75.00%		Paid Off - 360		01-Feb-2005
3115 1					264,858.61			29-Sep-2005		8.250%		CA - 75.00%		Paid Off - 360		01-Feb-2005
3196 1			224,250.00		222,802.92			07-Oct-2005		7.375%		VA - 75.00%		Paid Off - 360		01-Feb-2005
3196 1					222,802.92			07-Oct-2005		7.375%		VA - 75.00%		Paid Off - 360		01-Feb-2005
3259 1			256,500.00		255,040.47			22-Sep-2005		7.825%		CA - 90.00%		Paid Off - 360		01-Feb-2005
3259 1					255,040.47			22-Sep-2005		7.825%		CA - 90.00%		Paid Off - 360		01-Feb-2005
3290 1			224,000.00		222,348.97			03-Oct-2005		6.500%		CA - 80.00%		Paid Off - 360		01-Feb-2005
3290 1					222,348.97			03-Oct-2005		6.500%		CA - 80.00%		Paid Off - 360		01-Feb-2005
3355 1			152,000.00		151,195.36			12-Oct-2005		7.500%		CA - 80.00%		Paid Off - 360		01-Mar-2005
3355 1					151,195.36			12-Oct-2005		7.500%		CA - 80.00%		Paid Off - 360		01-Mar-2005
3382 1			28,575.00		28,251.24			21-Sep-2005		10.950%		FL - 15.00%		Paid Off - 180		01-Feb-2005
3382 1					28,251.24			21-Sep-2005		10.950%		FL - 15.00%		Paid Off - 180		01-Feb-2005
3415 1			55,250.00		54,926.05			03-Oct-2005		9.900%		AL - 85.00%		Paid Off - 360		09-Sep-2004
3415 1					54,926.05			03-Oct-2005		9.900%		AL - 85.00%		Paid Off - 360		09-Sep-2004
3436 1			448,000.00		448,000.00			29-Sep-2005		6.500%		CA - 80.00%		Paid Off - 360		01-Nov-2004
3436 1					448,000.00			29-Sep-2005		6.500%		CA - 80.00%		Paid Off - 360		01-Nov-2004
3457 1			316,000.00		315,754.25			21-Sep-2005		6.750%		CA - 74.79%		Paid Off - 360		01-Dec-2004
3457 1					315,754.25			21-Sep-2005		6.750%		CA - 74.79%		Paid Off - 360		01-Dec-2004
3587 1			475,000.00		475,000.00			22-Sep-2005		6.500%		CA - 72.52%		Paid Off - 360		01-Mar-2005
3587 1					475,000.00			22-Sep-2005		6.500%		CA - 72.52%		Paid Off - 360		01-Mar-2005
3594 1			97,520.00		96,878.16			21-Sep-2005		6.380%		FL - 80.00%		Paid Off - 360		01-Mar-2005
3594 1					96,878.16			21-Sep-2005		6.380%		FL - 80.00%		Paid Off - 360		01-Mar-2005
3617 1			250,000.00		248,313.31			12-Oct-2005		6.250%		CA - 66.49%		Paid Off - 360		01-Mar-2005
3617 1					248,313.31			12-Oct-2005		6.250%		CA - 66.49%		Paid Off - 360		01-Mar-2005
3646 1			35,000.00		34,456.63			10-Oct-2005		9.450%		FL - 41.18%		Paid Off - 180		01-Apr-2005
3646 1					34,456.63			10-Oct-2005		9.450%		FL - 41.18%		Paid Off - 180		01-Apr-2005
3648 1			132,000.00		130,105.19			22-Sep-2005		6.400%		FL - 79.52%		Paid Off - 360		01-Jul-2004
3648 1					130,105.19			22-Sep-2005		6.400%		FL - 79.52%		Paid Off - 360		01-Jul-2004
3746 1			37,600.00		37,499.50			22-Sep-2005		12.990%		MN - 20.00%		Paid Off - 360		01-Nov-2004
3746 1					37,499.50			22-Sep-2005		12.990%		MN - 20.00%		Paid Off - 360		01-Nov-2004
3753 1			40,000.00		39,812.40			29-Sep-2005		9.900%		AR - 80.00%		Paid Off - 360		15-Nov-2004
3753 1					39,812.40			29-Sep-2005		9.900%		AR - 80.00%		Paid Off - 360		15-Nov-2004
3806 1			209,700.00		208,693.09			20-Sep-2005		7.990%		IL - 90.00%		Paid Off - 360		01-Mar-2005
3806 1					208,693.09			20-Sep-2005		7.990%		IL - 90.00%		Paid Off - 360		01-Mar-2005
3813 1			224,000.00		222,686.84			06-Oct-2005		6.980%		CA - 80.00%		Paid Off - 360		01-Mar-2005
3813 1					222,686.84			06-Oct-2005		6.980%		CA - 80.00%		Paid Off - 360		01-Mar-2005
3856 1			177,450.00		176,875.49			28-Sep-2005		9.150%		MD - 65.00%		Paid Off - 360		23-Mar-2005
3856 1					176,875.49			28-Sep-2005		9.150%		MD - 65.00%		Paid Off - 360		23-Mar-2005
3858 1			292,500.00		291,417.77			20-Sep-2005		8.500%		CA - 90.00%		Paid Off - 360		28-Mar-2005
3858 1					291,417.77			20-Sep-2005		8.500%		CA - 90.00%		Paid Off - 360		28-Mar-2005
3879 1			38,800.00		38,695.58			05-Oct-2005		10.250%		CO - 20.00%		Paid Off - 180		01-Apr-2005
3879 1					38,695.58			05-Oct-2005		10.250%		CO - 20.00%		Paid Off - 180		01-Apr-2005
229605 1			59,500.00		59,232.54			12-Oct-2005		8.990%		CA - 20.00%		Paid Off - 180		01-Feb-2005
229605 1					59,232.54					8.990%		CA - 20.00%		Paid Off - 180


Page 22 of 29
IXIS Real Estate Capital Trust 2005-HE1

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

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

231648 1			184,400.00		184,400.00			14-Oct-2005		6.590%		CA - 80.00%		Paid Off - 360		01-May-2005
			184,400.00

232311 1			232,000.00		231,329.71			30-Sep-2005		8.800%		CA - 80.00%		Paid Off - 360		01-May-2005
232311 1					231,329.71			30-Sep-2005		8.800%		CA - 80.00%		Paid Off - 360		01-May-2005
10143030 1			49,200.00		49,045.08			04-Oct-2005		12.250%		NV - 20.00%		Paid Off - 360		01-Nov-2004
10143030 1					49,045.08			04-Oct-2005		12.250%		NV - 20.00%		Paid Off - 360		01-Nov-2004
1000877698 1			168,750.00		167,822.71			27-Sep-2005		8.150%		AK - 75.00%		Paid Off - 360		01-Mar-2005
1000877698 1					167,822.71			27-Sep-2005		8.150%		AK - 75.00%		Paid Off - 360		01-Mar-2005
3000006596 1			70,200.00		70,033.82			28-Sep-2005		9.750%		NC - 90.00%		Paid Off - 360		02-Apr-2005
3000006596 1					70,033.82			28-Sep-2005		9.750%		NC - 90.00%		Paid Off - 360		02-Apr-2005
4503025729 1			217,800.00		215,733.81			28-Sep-2005		6.375%		VA - 90.00%		Paid Off - 360		05-Nov-2004
4503025729 1					215,733.81			28-Sep-2005		6.375%		VA - 90.00%		Paid Off - 360		05-Nov-2004
2833 1			274,400.00		272,728.35			14-Oct-2005		8.090%		ID - 80.00%		Repur/Subs - 360		01-Jan-2005
2833 1					272,728.35			14-Oct-2005		8.090%		ID - 80.00%		Repur/Subs - 360		01-Jan-2005
3051 1			339,500.00		337,630.72			14-Oct-2005		7.990%		CA - 70.00%		Repur/Subs - 360		01-Feb-2005
3051 1					337,630.72			14-Oct-2005		7.990%		CA - 70.00%		Repur/Subs - 360		01-Feb-2005


TOTAL			28,473,818.00		28,312,694.77
TOTAL


Page 23 of 29
IXIS Real Estate Capital Trust 2005-HE1

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

October 25, 2005 Distribution
Realized Loss Report

COLLATERAL REALIZED LOSSES



															Total


Current
Current



Number of Loans Liquidated														1
Collateral Principal Realized Loss/(Gain) Amount														19,538.03
Collateral Interest Realized Loss/(Gain) Amount														0.00
Net Liquidation Proceeds														66,576.47

Cumulative
Cumulative



Number of Loans Liquidated														4
Collateral Realized Loss/(Gain) Amount														109,553.54
Net Liquidation Proceeds														655,242.46










Page 24 of 29
IXIS Real Estate Capital Trust 2005-HE1

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

October 25, 2005 Distribution


DEFAULT SPEEDS



															Total



MDR														0.02%
3 Months Avg MDR														0.04%
12 Months Avg MDR														0.02%
Avg MDR Since Cut-off														0.02%


CDR														0.18%
3 Months Avg CDR														0.50%
12 Months Avg CDR														0.19%
Avg CDR Since Cut-off														0.19%


SDA														0.85%
3 Months Avg SDA Approximation														2.55%
12 Months Avg SDA Approximation														1.26%
Avg SDA Since Cut-off Approximation														1.26%


Loss Severity Approximation for Current Period														22.69%
3 Months Avg Loss Severity Approximation														24.59%
12 Months Avg Loss Severity Approximation														9.22%
Avg Loss Severity Approximation Since Cut-off														9.22%












Page 25 of 29
IXIS Real Estate Capital Trust 2005-HE1

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

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 26 of 29
IXIS Real Estate Capital Trust 2005-HE1

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

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)
469 1
469 1			7.500%		GA - 80.00%		360		86,114.50				19,538.03		0.00



TOTAL									86,114.50			19,538.03		0.00



Page 27 of 29
IXIS Real Estate Capital Trust 2005-HE1

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

October 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								40,765,630.40
						Ending Balance								535,031,868.16
						Senior Enhancement Percentage								24.3600%



ADJUSTABLE RATE CERTIFICATE INFORMATION

SPACE INTENTIONALLY LEFT BLANK



ADDITIONAL INFORMATION
ADDITIONAL INFORMATION
														Total
Basis Risk CarryForward Amount Paid														1,211.77
Basis Risk CarryForward Amount Unpaid														0.000
Excess Reserve Fund Account Balance														0.00
Current LIBOR Rate														3.830000%
Next LIBOR Rate														0.000000%




Page 28 of 29
IXIS Real Estate Capital Trust 2005-HE1

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

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









Page 29 of 29

IXIS Real Estate Capital Trust 2005-HE1 8-K