                                    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
                     January 1, 2005, providing for the issuance of Morgan Stanley
          Home Equity Loan Trust, Mortgage Pass-Through Certificates Series 2005-1)
                      (Exact name of registrant as specified in charter)


                                         DELAWARE
                     (State or Other Jurisdiction of Incorporation)

               333-113543-24                        13-3939229
          (Commission File Number)        (I.R.S. Employer Identification No.)


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


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


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


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

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

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

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

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


     Item 8.01 Other Events.

     This current report on Form 8-K relates to the monthly distribution reported to the holders of
     Morgan Stanley Home Equity Loan Trust, Mortgage Pass-Through Certificates Series 2005-1,
     which was made on January 1, 2005


     Item 9.01 Financial Statements and Exhibits.

     (c) Exhibits

     Exhibit No. Description

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



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



          Date:  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.



Morgan Stanley Home Equity Loan Trust 2005-1

Mortgage Pass-Through Certificates

2005-1

October 25, 2005 Distribution

				External Parties						Table of Contents

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

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

										6. REO Report					13

										7. Foreclosure Report					14
										8. Prepayment Report					17
										9. Prepayment Detail Report					20

										10. Realized Loss Report					26
										11. Realized Loss Detail Report					29
				Servicer(s)
										12. Triggers and Adj. Cert. Report					30
				Chase Securities, Inc
										13. Other Related Information					31
				HomeQ Servicing Corp.



				Underwriter(s)
				Morgan Stanley
				Utendahl Capital Partners, L.P.


										Total Number of Pages					31


				Dates						Contacts

				Cut-Off Date:			January 01, 2005			Marion Hogan
				Close Date:			January 28, 2005			Administrator
				First Distribution Date:			February 25, 2005			(714) 247-6282
										marion.c.hogan@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
										Main Phone Number:			(714) 247-6000

							October 24, 2005


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






Page 1 of 31
Morgan Stanley Home Equity Loan Trust 2005-1

Mortgage Pass-Through Certificates

2005-1

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

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


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

A-1SS	FLT/STP/WAC	$	293,823,000.00		221,555,243.43		731,747.73		11,717,561.55		12,449,309.28		0.00		0.00		209,837,681.88

A-1MZ	FLT/STP/WAC	$	73,456,000.00		55,388,999.36		183,829.93		2,929,400.36		3,113,230.29		0.00		0.00		52,459,599.00
A-2A	FLT/STP/WAC	$	161,866,000.00		65,356,844.55		207,961.85		14,880,304.32		15,088,266.17		0.00		0.00		50,476,540.23
A-2B	FLT/STP/WAC	$	180,000,000.00		180,000,000.00		585,800.00		0.00		585,800.00		0.00		0.00		180,000,000.00
A-2C	FLT/STP/WAC	$	35,000,000.00		35,000,000.00		117,852.78		0.00		117,852.78		0.00		0.00		35,000,000.00
M-1	SUB/FLT/WAC	$	30,569,000.00		30,569,000.00		105,395.12		0.01		105,395.13		0.00		0.00		30,568,999.99
M-2	SUB/FLT/WAC	$	27,831,000.00		27,831,000.00		96,403.49		0.00		96,403.49		0.00		0.00		27,831,000.00
M-3	SUB/FLT/WAC	$	17,794,000.00		17,794,000.00		62,353.14		0.00		62,353.14		0.00		0.00		17,794,000.00
M-4	SUB/FLT/WAC	$	15,512,000.00		15,512,000.00		56,605.87		0.00		56,605.87		0.00		0.00		15,512,000.00
M-5	SUB/FLT/WAC	$	14,600,000.00		14,600,000.00		53,865.89		0.00		53,865.89		0.00		0.00		14,600,000.00
M-6	SUB/FLT/WAC	$	13,232,000.00		13,232,000.00		49,884.64		0.00		49,884.64		0.00		0.00		13,232,000.00
B-1	SUB/FLT/WAC	$	11,862,000.00		11,862,000.00		49,019.72		0.00		49,019.72		0.00		0.00		11,862,000.00
B-2	SUB/FLT/WAC	$	7,756,000.00		7,756,000.00		32,801.42		0.00		32,801.42		0.00		0.00		7,756,000.00
B-3	SUB/FLT/WAC	$	9,126,000.00		9,126,000.00		45,064.70		0.00		45,064.70		0.00		0.00		9,126,000.00
X	SUB/FLT/WAC	$	20,075,053.00		20,075,045.17		1,685,818.47		0.00		1,685,818.47		0.00		0.00		20,075,045.17
UT-R	RES	$	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
P	EXE	$	0.00		0.00		699,445.78		0.00		699,445.78		0.00		0.00		0.00

Total			912,502,053.00		725,658,132.51		4,763,850.53		29,527,266.24		34,291,116.77		0.00		0.00		696,130,866.27





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

	Period		Period						(with Notional)		Principal						Total	Principal

Class	Starting		Ending		Method		Cusip		Balance		Balance		Interest		Principal		Distribution	Balance

									(1)		(1)		(2)		(3)		(4)=(2)+(3)	(5)
A-1SS	09/26/05		10/24/05		A-Act/360		61744CKZ8		293,823,000.00		754.043228		2.490437		39.879661		42.370098	714.163567
A-1MZ	09/26/05		10/24/05		A-Act/360		61744CLA2		73,456,000.00		754.043228		2.502586		39.879661		42.382246	714.163567
A-2A	09/26/05		10/24/05		A-Act/360		61744CLB0		161,866,000.00		403.771296		1.284778		91.929771		93.214549	311.841525
A-2B	09/26/05		10/24/05		A-Act/360		61744CLC8		180,000,000.00		1,000.000000		3.254444		0.000000		3.254444	1,000.000000
A-2C	09/26/05		10/24/05		A-Act/360		61744CLD6		35,000,000.00		1,000.000000		3.367222		0.000000		3.367222	1,000.000000
M-1	09/26/05		10/24/05		A-Act/360		61744CLE4		30,569,000.00		1,000.000000		3.447778		0.000000		3.447778	1,000.000000
M-2	09/26/05		10/24/05		A-Act/360		61744CLF1		27,831,000.00		1,000.000000		3.463889		0.000000		3.463889	1,000.000000
M-3	09/26/05		10/24/05		A-Act/360		61744CLG9		17,794,000.00		1,000.000000		3.504167		0.000000		3.504167	1,000.000000
M-4	09/26/05		10/24/05		A-Act/360		61744CLH7		15,512,000.00		1,000.000000		3.649166		0.000000		3.649166	1,000.000000
M-5	09/26/05		10/24/05		A-Act/360		61744CLJ3		14,600,000.00		1,000.000000		3.689445		0.000000		3.689445	1,000.000000
M-6	09/26/05		10/24/05		A-Act/360		61744CLK0		13,232,000.00		1,000.000000		3.770000		0.000000		3.770000	1,000.000000
B-1	09/26/05		10/24/05		A-Act/360		61744CLL8		11,862,000.00		1,000.000000		4.132500		0.000000		4.132500	1,000.000000
B-2	09/26/05		10/24/05		A-Act/360		61744CLM6		7,756,000.00		1,000.000000		4.229167		0.000000		4.229167	1,000.000000
B-3	09/26/05		10/24/05		A-Act/360		61744CLN4		9,126,000.00		1,000.000000		4.938056		0.000000		4.938056	1,000.000000
X	09/26/05		10/24/05		A-Act/360		MS05X1101		20,075,053.00		999.999610		83.975792		0.000000		83.975792	999.999610
UT-R	09/25/05		10/24/05		A-30/360		MS05X1103		0.00		0.000000		0.000000		0.000000		0.000000	0.000000
P	09/25/05		10/24/05		A-30/360		MS05X1102		0.00		0.000000		0.000000		0.000000		0.000000	0.000000



Page 2 of 31
Morgan Stanley Home Equity Loan Trust 2005-1

Mortgage Pass-Through Certificates

2005-1

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-1SS	293,823,000.00		6,746,521.08		82,336,289.77		1,649,028.35		83,985,318.12		90,731,839.20		0.00		0.00		209,837,681.88
A-1MZ	73,456,000.00		1,696,559.19		20,584,142.50		412,258.49		20,996,401.00		22,692,960.19		0.00		0.00		52,459,599.00
A-2A	161,866,000.00		2,822,144.47		109,082,161.87		2,307,297.90		111,389,459.77		114,211,604.24		0.00		0.00		50,476,540.23
A-2B	180,000,000.00		4,555,588.20		0.00		0.00		0.00		4,555,588.20		0.00		0.00		180,000,000.00
A-2C	35,000,000.00		922,558.80		0.00		0.00		0.00		922,558.80		0.00		0.00		35,000,000.00
M-1	30,569,000.00		828,689.63		0.01		0.00		0.01		828,689.64		0.00		0.00		30,568,999.99
M-2	27,831,000.00		758,640.31		0.00		0.00		0.00		758,640.31		0.00		0.00		27,831,000.00
M-3	17,794,000.00		491,716.26		0.00		0.00		0.00		491,716.26		0.00		0.00		17,794,000.00
M-4	15,512,000.00		449,597.06		0.00		0.00		0.00		449,597.06		0.00		0.00		15,512,000.00
M-5	14,600,000.00		428,638.82		0.00		0.00		0.00		428,638.82		0.00		0.00		14,600,000.00
M-6	13,232,000.00		398,399.94		0.00		0.00		0.00		398,399.94		0.00		0.00		13,232,000.00
B-1	11,862,000.00		397,185.13		0.00		0.00		0.00		397,185.13		0.00		0.00		11,862,000.00
B-2	7,756,000.00		266,680.94		0.00		0.00		0.00		266,680.94		0.00		0.00		7,756,000.00
B-3	9,126,000.00		374,018.39		0.00		0.00		0.00		374,018.39		0.00		0.00		9,126,000.00
X	20,075,053.00		21,119,004.18		7.53		0.31		7.83		21,119,012.01		0.00		0.00		20,075,045.17
UT-R	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
P	0.00		5,021,331.84		0.00		0.00		0.00		5,021,331.84		0.00		0.00		0.00

Total	912,502,053.00		47,277,274.24		212,002,601.68		4,368,585.05		216,371,186.73		263,648,460.97		0.00		0.00		696,130,866.27


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


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

Class	Rate		Balance		Interest		Interest SF		Interest		Adjustment		Interest		Interest		Interest
					(1)		(2)		(3)		(4)		(5)=(1)-(2)+(3)+(4)		(6)		(7)=(5)-(6)
A-1SS	4.10000%		221,555,243.43		731,747.73		0.00		0.00		0.00		731,747.73		731,747.73		0.00
A-1MZ	4.12000%		55,388,999.36		183,829.93		0.00		0.00		0.00		183,829.93		183,829.93		0.00
A-2A	3.95000%		65,356,844.55		207,961.85		0.00		0.00		0.00		207,961.85		207,961.85		0.00
A-2B	4.04000%		180,000,000.00		585,800.00		0.00		0.00		0.00		585,800.00		585,800.00		0.00
A-2C	4.18000%		35,000,000.00		117,852.78		0.00		0.00		0.00		117,852.78		117,852.78		0.00
M-1	4.28000%		30,569,000.00		105,395.12		0.00		0.00		0.00		105,395.12		105,395.12		0.00
M-2	4.30000%		27,831,000.00		96,403.49		0.00		0.00		0.00		96,403.49		96,403.49		0.00
M-3	4.35000%		17,794,000.00		62,353.14		0.00		0.00		0.00		62,353.14		62,353.14		0.00
M-4	4.53000%		15,512,000.00		56,605.87		0.00		0.00		0.00		56,605.87		56,605.87		0.00
M-5	4.58000%		14,600,000.00		53,865.89		0.00		0.00		0.00		53,865.89		53,865.89		0.00
M-6	4.68000%		13,232,000.00		49,884.64		0.00		0.00		0.00		49,884.64		49,884.64		0.00
B-1	5.13000%		11,862,000.00		49,019.72		0.00		0.00		0.00		49,019.72		49,019.72		0.00
B-2	5.25000%		7,756,000.00		32,801.42		0.00		0.00		0.00		32,801.42		32,801.42		0.00
B-3	6.13000%		9,126,000.00		45,064.70		0.00		0.00		0.00		45,064.70		45,064.70		0.00
X	104.24585%		20,075,045.17		0.00		0.00		0.00		0.00		0.00		1,685,818.47		0.00
UT-R	0.00000%		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00
P	0.00000%		0.00		0.00		0.00		0.00		0.00		0.00		699,445.78		0.00

Total			725,658,132.51		2,378,586.28		0.00		0.00		0.00		2,378,586.28		4,763,850.53		0.00



Page 3 of 31
Morgan Stanley Home Equity Loan Trust 2005-1

Mortgage Pass-Through Certificates

2005-1

October 25, 2005 Distribution
Collection Account Report
SUMMARY

										Group 2		Group 1		Total
Principal Collections										14,860,738.83		14,627,703.23		29,488,442.06
Principal Withrawals										0.00		0.00		0.00
Principal Other Accounts										0.00		0.00		0.00
TOTAL NET PRINCIPAL										14,860,738.83		14,627,703.23		29,488,442.06
Interest Collections										2,071,537.06		2,085,326.78		4,156,863.85
Interest Withdrawals										-0.00		-0.00		-0.00
Interest Other Accounts										0.00		0.00		699,445.78
Interest Fees										-25,799.11		-27,835.80		-53,634.91
TOTAL NET INTEREST										2,045,737.95		2,057,490.99		4,802,674.72
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION										16,906,476.78		16,685,194.22		34,291,116.78



PRINCIPAL - COLLECTIONS

											Group 2		Group 1		Total
Scheduled Principal Received											222,856.25		209,169.51		432,025.76
Prepayments In Full											14,465,214.70		14,272,238.42		28,737,453.12
Curtailments											10,168.47		146,295.30		156,463.77
Liquidations											201,323.59		0.00		201,323.59
Insurance Principal											0.00		0.00		0.00
Repurchased Principal Amounts											0.00		0.00		0.00
Other Principal											0.00		0.00		0.00
Total Realized Loss Of Principal											-38,824.18		-0.00		-38,824.18
Delinquent Principal											-194,582.79		-179,166.77		-373,749.56
Advanced Principal											194,582.79		179,166.77		373,749.56
TOTAL PRINCIPAL COLLECTED											14,860,738.83		14,627,703.23		29,488,442.06


PRINCIPAL - WITHDRAWALS

SPACE INTENTIONALLY LEFT BLANK



PRINCIPAL - OTHER ACCOUNTS

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





Page 4 of 31
Morgan Stanley Home Equity Loan Trust 2005-1

Mortgage Pass-Through Certificates

2005-1

October 25, 2005 Distribution

INTEREST - COLLECTIONS

										Group 2		Group 1		Total
Scheduled Interest										2,198,327.28		2,208,999.88		4,407,327.16
Liquidation Interest										1,282.91		0.00		1,282.91
Repurchased Interest										0.00		0.00		0.00
Insurance Interest										0.00		0.00		0.00
Other Interest										0.00		0.00		0.00
Relief Act Interest Shortfalls										-0.00		-0.00		-0.00
Prepayment Interest Shortfalls										-15,335.97		-21,406.17		-36,742.14
Compensating Interest										15,335.97		21,406.17		36,742.15
Delinquent Interest										-1,850,318.91		-1,830,390.26		-3,680,709.17
Interest Advanced										1,722,245.78		1,706,717.16		3,428,962.94
TOTAL INTEREST COLLECTED										2,071,537.06		2,085,326.78		4,156,863.85


INTEREST - WITHDRAWALS

										Group 2		Group 1		Total
Nonrecoverable Advances										0.00		0.00		0.00
TOTAL INTEREST WITHDRAWALS										0.00		0.00		0.00



INTEREST - OTHER ACCOUNTS

										Group 2		Group 1		Total
Prepayment Charges														699,445.78
TOTAL INTEREST OTHER ACCOUNTS										0.00		0.00		699,445.78



INTEREST - FEES

										Group 2		Group 1		Total
Current Servicing Fees										24,275.62		26,335.71		50,611.33
Current Trustee Fees										1,523.49		1,500.09		3,023.58
TOTAL INTEREST OTHER FEES										25,799.11		27,835.80		53,634.91




Page 5 of 31
Morgan Stanley Home Equity Loan Trust 2005-1

Mortgage Pass-Through Certificates

2005-1

October 25, 2005 Distribution
Credit Enhancement Report
ACCOUNTS

SPACE INTENTIONALLY LEFT BLANK



INSURANCE

SPACE INTENTIONALLY LEFT BLANK



STRUCTURAL FEATURES

										Group 2		Group 1		Total
Overcollateralization Amount														20,075,045.17
Overcollateralization Target Amount														20,075,045.17
Overcollateralization Deficiency Amount														0.00
Overcollateralization Release Amount														0.00




Page 6 of 31
Morgan Stanley Home Equity Loan Trust 2005-1

Mortgage Pass-Through Certificates

2005-1

October 25, 2005 Distribution
Collateral Report


COLLATERAL



											Group 2		Group 1		Total



Loan Count:


Original										2,955		3,568		6,523
Prior										2,420		2,976		5,396
Prefunding										0		0		0
Scheduled Paid Offs										-0		-1		-1
Full Voluntary Prepayments										-82		-109		-191
Repurchases										-0		-0		-0
Liquidations										-3		-0		-3
Current										2,335		2,866		5,201
Principal Balance:


Original										461,996,371.69		449,845,887.51		911,842,259.20
Prior										365,636,985.93		360,021,146.58		725,658,132.51
Prefunding										0.00		0.00		0.00
Scheduled Principal										-222,856.25		-209,169.51		-432,025.76
Partial Prepayments										-10,168.47		-146,295.30		-156,463.77
Full Voluntary Prepayments										-14,465,214.70		-14,272,238.42		-28,737,453.12
Repurchases										-0.00		-0.00		-0.00
Liquidations										-201,323.59		-0.00		-201,323.59
Current										350,737,422.92		345,393,443.35		696,130,866.27





PREFUNDING

SPACE INTENTIONALLY LEFT BLANK






Page 7 of 31
Morgan Stanley Home Equity Loan Trust 2005-1

Mortgage Pass-Through Certificates

2005-1

October 25, 2005 Distribution

CHARACTERISTICS

										Group 2		Group 1		Total
Weighted Average Coupon Original										7.23097%		7.35011%		7.28975%
Weighted Average Coupon Prior										7.23017%		7.37093%		7.30029%
Weighted Average Coupon Current										7.21900%		7.37505%		7.29642%
Weighted Average Months to Maturity Original										351		345		348
Weighted Average Months to Maturity Prior										344		338		341
Weighted Average Months to Maturity Current										343		337		340
Weighted Avg Remaining Amortization Term Original										351		345		348
Weighted Avg Remaining Amortization Term Prior										344		338		341
Weighted Avg Remaining Amortization Term Current										343		337		340
Weighted Average Seasoning Original										4.99		4.95		4.97
Weighted Average Seasoning Prior										11.97		11.92		11.94
Weighted Average Seasoning Current										12.97		12.92		12.94









Page 8 of 31
Morgan Stanley Home Equity Loan Trust 2005-1

Mortgage Pass-Through Certificates

2005-1

October 25, 2005 Distribution

ARM CHARACTERISTICS

										Group 2		Group 1		Total
Weighted Average Margin Original										6.59175%		6.54028%		6.56751%
Weighted Average Margin Prior										6.56017%		6.52192%		6.54202%
Weighted Average Margin Current										6.54152%		6.51350%		6.52831%
Weighted Average Max Rate Original										13.92543%		13.84364%		13.88691%
Weighted Average Max Rate Prior										13.89067%		13.83804%		13.86569%
Weighted Average Max Rate Current										13.88030%		13.82951%		13.85636%
Weighted Average Min Rate Original										7.15325%		7.11240%		7.13401%
Weighted Average Min Rate Prior										7.12712%		7.10678%		7.11747%
Weighted Average Min Rate Current										7.11498%		7.10134%		7.10855%
Weighted Average Cap Up Original										1.06895%		1.05995%		1.06471%
Weighted Average Cap Up Prior										1.07352%		1.06306%		1.06855%
Weighted Average Cap Up Current										1.07460%		1.06379%		1.06950%
Weighted Average Cap Down Original										1.06895%		1.05995%		1.06471%
Weighted Average Cap Down Prior										1.07352%		1.06306%		1.06855%
Weighted Average Cap Down Current										1.07460%		1.06379%		1.06950%




SERVICING FEES & ADVANCES

											Group 2		Group 1		Total




Current Servicing Fees										24,275.62		26,335.71		50,611.33
Delinquent Servicing Fees										128,073.12		123,673.11		251,746.23
TOTAL SERVICING FEES										152,348.75		150,008.81		302,357.56


Compensating Interest										-15,335.97		-21,406.17		-36,742.15
Delinquent Servicing Fees										-128,073.12		-123,673.11		-251,746.23
COLLECTED SERVICING FEES										106,791.23		4,929.54		13,869.19


Aggregate Advances with respect to this Distribution										1,670,873.87		1,449,265.11		3,120,138.99





ADDITIONAL COLLATERAL INFORMATION
										Group 2		Group 1		Total
Net Prepayment Interest Shortfall										0.00		0.00		0.00
Libor For Current Period														3.8300%
Libor For Next Period														4.0375%
Libor For Class A-3b for current Period




Page 9 of 31
Morgan Stanley Home Equity Loan Trust 2005-1

Mortgage Pass-Through Certificates

2005-1

October 25, 2005 Distribution
Delinquency Report

	TOTAL
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				17,705,174.43		3,840,944.58		1,397,461.67		22,943,580.68
			% Balance				2.54%		0.55%		0.20%		3.30%
			# Loans				134		30		16		180
			% # Loans				2.58%		0.58%		0.31%		3.46%
	FORECLOSURE		Balance		234,776.93		0.00		3,091,337.74		11,429,731.74		14,755,846.41
			% Balance		0.03%		0.00%		0.44%		1.64%		2.12%
			# Loans		2		0		26		101		129
			% # Loans		0.04%		0.00%		0.50%		1.94%		2.48%
	BANKRUPTCY		Balance		4,492,283.16		437,646.04		187,487.25		4,667,093.22		9,784,509.67
			% Balance		0.65%		0.06%		0.03%		0.67%		1.41%
			# Loans		41		5		4		37		87
			% # Loans		0.79%		0.10%		0.08%		0.71%		1.67%
	REO		Balance		0.00		0.00		0.00		3,785,492.27		3,785,492.27
			% Balance		0.00%		0.00%		0.00%		0.54%		0.54%
			# Loans		0		0		0		28		28
			% # Loans		0.00%		0.00%		0.00%		0.54%		0.54%
	TOTAL		Balance		4,727,060.09		18,142,820.47		7,119,769.57		21,279,778.90		51,269,429.03
			% Balance		0.68%		2.61%		1.02%		3.06%		7.36%
			# Loans		43		139		60		182		424
			% # Loans		0.83%		2.67%		1.15%		3.50%		8.15%









Page 10 of 31
Morgan Stanley Home Equity Loan Trust 2005-1

Mortgage Pass-Through Certificates

2005-1

October 25, 2005 Distribution


	GROUP 1
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				9,315,105.42		1,639,485.45		488,952.58		11,443,543.45
			% Balance				2.70%		0.47%		0.14%		3.31%
			# Loans				76		14		8		98
			% # Loans				2.65%		0.49%		0.28%		3.42%
	FORECLOSURE		Balance		147,729.37		0.00		1,521,520.48		5,961,547.83		7,630,797.68
			% Balance		0.04%		0.00%		0.44%		1.73%		2.21%
			# Loans		1		0		12		55		68
			% # Loans		0.03%		0.00%		0.42%		1.92%		2.37%
	BANKRUPTCY		Balance		1,972,802.76		346,765.73		187,487.25		2,114,979.20		4,622,034.94
			% Balance		0.57%		0.10%		0.05%		0.61%		1.34%
			# Loans		22		4		4		18		48
			% # Loans		0.77%		0.14%		0.14%		0.63%		1.67%
	REO		Balance		0.00		0.00		0.00		1,624,146.72		1,624,146.72
			% Balance		0.00%		0.00%		0.00%		0.47%		0.47%
			# Loans		0		0		0		12		12
			% # Loans		0.00%		0.00%		0.00%		0.42%		0.42%
	TOTAL		Balance		2,120,532.13		9,661,871.15		3,348,493.18		10,189,626.33		25,320,522.79
			% Balance		0.61%		2.80%		0.97%		2.95%		7.33%
			# Loans		23		80		30		93		226
			% # Loans		0.80%		2.79%		1.05%		3.24%		7.89%










Page 11 of 31
Morgan Stanley Home Equity Loan Trust 2005-1

Mortgage Pass-Through Certificates

2005-1

October 25, 2005 Distribution

	GROUP 2
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				8,390,069.01		2,201,459.13		908,509.09		11,500,037.23
			% Balance				2.39%		0.63%		0.26%		3.28%
			# Loans				58		16		8		82
			% # Loans				2.48%		0.69%		0.34%		3.51%
	FORECLOSURE		Balance		87,047.56		0.00		1,569,817.26		5,468,183.91		7,125,048.73
			% Balance		0.02%		0.00%		0.45%		1.56%		2.03%
			# Loans		1		0		14		46		61
			% # Loans		0.04%		0.00%		0.60%		1.97%		2.61%
	BANKRUPTCY		Balance		2,519,480.40		90,880.31		0.00		2,552,114.02		5,162,474.73
			% Balance		0.72%		0.03%		0.00%		0.73%		1.47%
			# Loans		19		1		0		19		39
			% # Loans		0.81%		0.04%		0.00%		0.81%		1.67%
	REO		Balance		0.00		0.00		0.00		2,161,345.55		2,161,345.55
			% Balance		0.00%		0.00%		0.00%		0.62%		0.62%
			# Loans		0		0		0		16		16
			% # Loans		0.00%		0.00%		0.00%		0.69%		0.69%
	TOTAL		Balance		2,606,527.96		8,480,949.32		3,771,276.39		11,090,152.57		25,948,906.24
			% Balance		0.74%		2.42%		1.08%		3.16%		7.40%
			# Loans		20		59		30		89		198
			% # Loans		0.86%		2.53%		1.28%		3.81%		8.48%









Page 12 of 31
Morgan Stanley Home Equity Loan Trust 2005-1

Mortgage Pass-Through Certificates

2005-1

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
322555038 1
			174,250.00		172,901.87		01-Nov-2004		8.800%		MI - 85.00%		360		01-Oct-2004

322555715 1			76,800.00		76,799.16		01-Apr-2005		7.800%		TX - 80.00%		360		01-Sep-2004
322555772 1			147,200.00		146,270.20		01-Nov-2004		11.200%		CO - 80.00%		360		01-Oct-2004
322560459 1			128,800.00		127,583.40		01-Feb-2005		7.800%		MI - 80.00%		360		01-Oct-2004
322561325 1			65,600.00		65,006.94		01-Jan-2005		7.600%		MO - 80.00%		360		01-Nov-2004
322561820 1			220,000.00		220,000.00		01-Dec-2004		6.450%		CO - 80.00%		360		01-Oct-2004
322562950 1			48,800.00		48,800.00		01-Apr-2005		9.100%		MI - 80.00%		360		01-Oct-2004
322564378 1			180,000.00		178,504.27		01-Feb-2005		8.550%		TX - 90.00%		360		01-Oct-2004
322564873 1			265,600.00		265,600.00		01-Mar-2005		7.200%		TX - 80.00%		360		01-Nov-2004
322564915 1			73,600.00		73,600.00		01-Apr-2005		5.400%		MI - 80.00%		360		01-Oct-2004
322595125 1			131,000.00		130,049.25		01-Feb-2005		9.500%		TN - 100.00%		360		01-Sep-2004
322859117 1			119,760.00		119,031.63		01-Feb-2005		9.125%		MI - 80.00%		360		01-Dec-2004
19148543 2			468,000.00		468,000.00		01-Dec-2004		6.375%		CO - 90.00%		360		01-Oct-2004
19152388 2			44,000.00		43,681.30		01-Mar-2005		9.125%		MO - 88.00%		360		01-Oct-2004
322244666 2			103,200.00		102,082.67		01-Dec-2004		7.100%		MN - 80.00%		360		01-Oct-2004
322245317 2			74,472.00		73,783.54		01-Apr-2005		8.300%		MO - 80.00%		360		01-Sep-2004
322553405 2			128,800.00		127,772.78		01-Jan-2005		8.650%		MI - 80.00%		360		01-Oct-2004
322553454 2			75,650.00		75,065.80		01-Jan-2005		9.550%		MI - 85.00%		360		01-Aug-2004
322556358 2			143,764.00		143,764.00		01-Dec-2004		7.700%		TX - 80.00%		360		01-Oct-2004
322556598 2			138,700.00		137,663.97		01-Dec-2004		9.100%		MI - 95.00%		360		01-Oct-2004
322558560 2			47,500.00		47,164.65		01-Feb-2005		9.700%		KS - 95.00%		360		01-Oct-2004
322558800 2			74,955.00		74,557.75		01-Dec-2004		11.000%		TX - 95.00%		360		01-Sep-2004
322559618 2			98,205.00		97,405.96		01-Apr-2005		8.550%		TX - 86.22%		360		01-Oct-2004
322560038 2			152,450.00		151,270.55		01-Nov-2004		8.800%		MI - 89.15%		360		01-Oct-2004
322562372 2			232,000.00		232,000.00		01-Mar-2005		6.650%		TX - 80.00%		360		01-Nov-2004
322565219 2			198,000.00		196,016.47		01-Nov-2004		7.500%		CO - 90.00%		360		01-Oct-2004
322862228 2			111,620.00		110,952.40		01-Apr-2005		9.249%		MI - 95.00%		360		01-Dec-2004
322863168 2			80,750.00		80,163.71		01-Dec-2004		8.250%		NE - 95.00%		360		01-Dec-2004


TOTAL			3,803,476.00		3,785,492.27


Page 13 of 31
Morgan Stanley Home Equity Loan Trust 2005-1

Mortgage Pass-Through Certificates

2005-1

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
19145507 1
			346,500.00		343,344.17		01-Feb-2005		8.375%		IL - 94.99%		360		01-Sep-2004

19145523 1			136,000.00		134,534.63		01-Mar-2005		7.125%		IL - 80.00%		360		01-Oct-2004
19146786 1			71,200.00		70,501.39		01-Feb-2005		8.000%		WI - 79.11%		360		01-Sep-2004
19146794 1			17,850.00		17,767.23		01-Mar-2005		11.625%		WI - 19.83%		180		01-Sep-2004
19147685 1			51,800.00		51,611.38		01-Feb-2005		12.375%		CA - 20.00%		360		01-Oct-2004
19150085 1			138,400.00		137,370.97		01-Apr-2005		9.000%		LA - 80.00%		360		01-Oct-2004
19152487 1			140,250.00		138,579.09		01-Jun-2005		6.750%		FL - 81.54%		360		01-Oct-2004
19152594 1			111,350.00		110,622.20		01-May-2005		9.625%		MI - 85.00%		360		01-Oct-2004
19152719 1			243,000.00		241,002.77		01-Jun-2005		8.500%		FL - 90.00%		360		01-Oct-2004
19155134 1			64,320.00		63,877.38		01-May-2005		9.375%		IL - 80.00%		360		01-Oct-2004
19157031 1			29,400.00		29,280.60		01-Apr-2005		11.875%		AZ - 20.00%		360		01-Oct-2004
19157528 1			108,000.00		107,312.01		01-Mar-2005		9.750%		TN - 79.41%		360		01-Oct-2004
19159110 1			136,000.00		134,971.91		01-Feb-2005		8.500%		IL - 80.00%		360		01-Nov-2004
19159466 1			96,000.00		95,136.48		01-Mar-2005		7.625%		AZ - 80.00%		360		01-Nov-2004
19159573 1			60,000.00		59,446.87		01-Apr-2005		7.500%		IA - 77.42%		360		01-Nov-2004
322119926 1			72,650.00		71,798.92		01-Mar-2005		8.250%		IN - 83.51%		360		01-Jun-2004
322120114 1			72,000.00		71,077.62		01-Jun-2005		7.000%		OH - 80.00%		360		01-Aug-2004
322121369 1			56,007.00		55,457.46		01-Dec-2004		8.000%		OK - 76.20%		360		01-Sep-2004
322244476 1			71,920.00		71,333.82		01-Mar-2005		10.550%		OH - 80.00%		360		01-Sep-2004
322245143 1			72,320.00		71,709.06		01-May-2005		8.750%		TX - 80.00%		360		01-Sep-2004
322245804 1			109,800.00		108,730.74		01-Mar-2005		7.650%		IL - 90.00%		360		01-Oct-2004
322553561 1			67,200.00		67,200.00		01-Mar-2005		6.500%		OK - 80.00%		360		01-Oct-2004
322553637 1			99,920.00		99,919.44		01-Jun-2005		8.400%		MI - 80.00%		360		01-Oct-2004
322556226 1			123,824.00		123,824.00		01-Feb-2005		7.000%		OH - 80.00%		360		01-Oct-2004
322556291 1			124,900.00		123,990.83		01-May-2005		9.100%		KS - 87.96%		360		01-Oct-2004
322556366 1			168,000.00		168,000.00		01-May-2005		7.750%		TX - 80.00%		360		01-Oct-2004
322556416 1			135,200.00		134,354.09		01-Jun-2005		9.950%		TX - 80.00%		360		01-Oct-2004
322556820 1			198,000.00		198,000.00		01-May-2005		6.350%		WA - 80.00%		360		01-Oct-2004
322557794 1			92,000.00		92,000.00		01-May-2005		7.850%		MI - 80.00%		360		01-Oct-2004
322558024 1			98,400.00		97,690.96		01-Apr-2005		9.150%		TX - 80.00%		360		01-Oct-2004
322558214 1			100,616.00		99,934.12		01-May-2005		9.450%		TX - 80.00%		360		01-Oct-2004
322558685 1			72,800.00		72,164.62		01-May-2005		8.200%		MI - 80.00%		360		01-Oct-2004
322558990 1			104,000.00		102,831.75		01-Jun-2005		7.750%		OK - 80.00%		360		01-Sep-2004
322559451 1			70,800.00		70,317.38		01-Apr-2005		9.800%		TX - 80.00%		360		01-Sep-2004
322559477 1			99,200.00		98,445.06		01-Jan-2005		9.950%		TX - 80.00%		360		01-Sep-2004
322559543 1			145,200.00		143,688.70		01-May-2005		7.700%		AZ - 80.00%		360		01-Sep-2004
322560715 1			93,600.00		92,890.35		01-Jun-2005		8.900%		TX - 80.00%		360		01-Oct-2004
322561556 1			61,050.00		61,042.70		01-May-2005		8.300%		MI - 85.62%		360		01-Oct-2004
322561978 1			102,560.00		102,560.00		01-May-2005		7.450%		IL - 80.00%		360		01-Nov-2004
322562257 1			113,600.00		112,447.48		01-Mar-2005		7.450%		OH - 80.00%		360		01-Oct-2004
322562307 1			53,650.00		53,222.13		01-Feb-2005		8.650%		OH - 80.08%		360		01-Oct-2004
322563222 1			210,000.00		210,000.00		01-Feb-2005		5.450%		CA - 79.25%		360		01-Oct-2004
322563768 1			56,000.00		55,360.19		01-Jun-2005		6.900%		OH - 80.00%		360		01-Nov-2004
322571365 1			149,960.00		149,960.00		01-Jun-2005		5.490%		VA - 80.00%		360		01-Nov-2004
322572678 1			172,000.00		169,366.81		01-Dec-2004		5.250%		OH - 80.00%		360		01-Oct-2004
322576406 1			342,000.00		338,962.08		01-May-2005		8.500%		MN - 90.00%		360		01-Sep-2004
322579376 1			100,000.00		99,554.70		01-May-2005		11.050%		MI - 80.00%		360		01-Nov-2004
322579715 1			144,000.00		143,146.45		01-Mar-2005		9.250%		IL - 80.00%		360		01-Dec-2004
322579814 1			170,000.00		168,478.34		01-May-2005		7.650%		TX - 80.00%		360		01-Nov-2004


Page 14 of 31
Morgan Stanley Home Equity Loan Trust 2005-1

Mortgage Pass-Through Certificates

2005-1

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
322580218 1
			122,406.00		121,489.87		01-May-2005		8.550%		TX - 87.82%		360		01-Nov-2004

322582271 1			173,666.00		171,669.00		01-Apr-2005		6.350%		AL - 77.18%		360		01-Nov-2004
322585480 1			175,200.00		175,200.00		01-Dec-2004		6.190%		OH - 80.00%		360		01-Oct-2004
322586827 1			156,000.00		154,228.02		01-Jun-2005		6.850%		CO - 80.00%		360		01-Oct-2004
322587635 1			85,000.00		84,060.01		01-Nov-2004		6.990%		PA - 85.00%		360		01-Oct-2004
322593856 1			58,280.00		57,530.43		01-Apr-2005		6.880%		IL - 89.66%		360		01-Sep-2004
322594524 1			54,400.00		53,994.61		01-Apr-2005		10.250%		IN - 85.00%		360		01-Aug-2004
322595919 1			149,600.00		147,729.37		01-Sep-2005		6.750%		CA - 80.00%		360		01-Sep-2004
322595943 1			37,400.00		37,201.72		01-May-2005		10.999%		CA - 20.00%		180		01-Sep-2004
322595992 1			40,000.00		39,717.20		01-Jan-2005		9.625%		PA - 100.00%		360		01-Sep-2004
322596065 1			22,700.00		22,513.57		01-Nov-2004		9.250%		AZ - 20.00%		180		01-Aug-2004
322597014 1			97,600.00		96,435.84		01-May-2005		7.374%		UT - 80.00%		360		01-Aug-2004
322858028 1			170,910.00		169,882.91		01-Jun-2005		9.625%		AL - 89.95%		360		01-Nov-2004
322858648 1			233,600.00		232,004.03		01-Apr-2005		9.000%		IL - 80.00%		360		01-Nov-2004
322858754 1			112,270.00		111,434.25		01-Jun-2005		8.125%		IA - 80.00%		360		01-Dec-2004
322859430 1			122,400.00		122,394.79		01-Mar-2005		6.500%		MA - 80.00%		360		01-Dec-2004
322860362 1			80,800.00		80,235.47		01-May-2005		8.750%		IN - 80.00%		360		01-Dec-2004
322860495 1			16,580.00		16,529.90		01-Mar-2005		14.250%		IN - 20.00%		240		01-Dec-2004
322863333 1			102,400.00		101,727.81		01-May-2005		8.750%		UT - 80.00%		360		01-Dec-2004
19144591 2			63,600.00		62,882.09		01-Jun-2005		7.250%		KY - 80.00%		360		01-Sep-2004
19144658 2			116,000.00		114,128.53		01-Apr-2005		7.125%		FL - 78.91%		360		01-Oct-2004
19146182 2			128,000.00		127,095.27		01-Jan-2005		9.625%		IL - 80.00%		360		01-Sep-2004
19147677 2			207,200.00		205,409.80		01-Mar-2005		8.250%		CA - 80.00%		360		01-Oct-2004
19148824 2			55,350.00		54,919.32		01-Apr-2005		9.125%		IL - 90.00%		360		01-Oct-2004
19148949 2			96,000.00		94,914.75		01-Jun-2005		6.875%		KY - 80.00%		360		01-Oct-2004
19149780 2			59,400.00		58,767.63		01-Apr-2005		7.625%		IL - 90.00%		360		01-Sep-2004
19151158 2			80,000.00		79,355.55		01-May-2005		8.875%		MI - 79.21%		360		01-Oct-2004
19151703 2			85,000.00		84,384.32		01-Dec-2004		9.125%		KY - 85.00%		360		01-Oct-2004
19152552 2			78,000.00		77,358.97		01-Apr-2005		8.500%		NC - 98.73%		360		01-Oct-2004
19154673 2			166,000.00		164,600.74		01-Jun-2005		8.375%		CA - 62.41%		360		01-Oct-2004
19155191 2			93,750.00		93,121.20		01-Jun-2005		9.500%		MI - 75.00%		360		01-Oct-2004
19155605 2			126,400.00		125,223.59		01-Jun-2005		7.875%		CT - 80.00%		360		01-Oct-2004
19160597 2			168,000.00		166,451.32		01-May-2005		7.500%		CA - 74.67%		360		01-Nov-2004
322119892 2			35,000.00		34,641.52		01-Apr-2005		8.150%		OK - 43.75%		360		01-Aug-2004
322120205 2			74,700.00		73,694.53		01-Jun-2005		7.250%		OH - 90.00%		360		01-Jul-2004
322120403 2			80,000.00		79,105.72		01-Feb-2005		8.050%		IN - 88.89%		360		01-Jul-2004
322120999 2			107,200.00		105,813.52		01-Jun-2005		6.950%		OH - 80.00%		360		01-Aug-2004
322121427 2			53,500.00		53,048.10		01-May-2005		8.750%		MI - 74.31%		360		01-Sep-2004
322121526 2			64,000.00		63,263.04		01-Jun-2005		7.900%		IL - 80.00%		360		01-Jul-2004
322121823 2			111,120.00		109,479.57		01-May-2005		6.250%		OH - 80.00%		360		01-Aug-2004
322121955 2			83,830.00		82,877.60		01-May-2005		7.250%		TX - 80.00%		360		01-Sep-2004
322121971 2			145,520.00		143,598.05		01-Apr-2005		6.550%		MN - 80.00%		360		01-Sep-2004
322242959 2			58,400.00		57,825.64		01-May-2005		8.000%		MI - 76.84%		360		01-Sep-2004
322243155 2			74,160.00		73,709.10		01-Feb-2005		10.350%		WI - 80.00%		360		01-Sep-2004
322243163 2			88,000.00		87,047.56		01-Aug-2005		7.500%		OH - 80.00%		360		01-Sep-2004
322243395 2			132,000.00		131,182.06		01-May-2005		10.300%		IL - 80.00%		360		01-Sep-2004
322243544 2			117,520.00		116,537.16		01-May-2005		8.800%		OH - 80.00%		360		01-Sep-2004
322244153 2			121,600.00		120,516.11		01-May-2005		9.800%		OH - 80.00%		360		01-Sep-2004
322245085 2			146,320.00		144,524.84		01-Jan-2005		6.850%		CO - 80.00%		360		01-Sep-2004
322554999 2			126,000.00		124,759.83		01-Jun-2005		9.000%		MN - 78.75%		360		01-Oct-2004
322555236 2			70,910.00		69,883.17		01-Jun-2005		6.450%		IL - 78.88%		360		01-Aug-2004


Page 15 of 31
Morgan Stanley Home Equity Loan Trust 2005-1

Mortgage Pass-Through Certificates

2005-1

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
322555285 2
			200,000.00		200,000.00		01-Feb-2005		6.700%		KY - 80.00%		360		01-Oct-2004

322555574 2			193,500.00		191,872.86		01-Jan-2005		8.450%		IL - 90.00%		360		01-Oct-2004
322555681 2			336,000.00		332,257.73		01-Nov-2004		7.150%		IL - 80.00%		360		01-Oct-2004
322555723 2			256,500.00		254,651.69		01-Dec-2004		9.150%		OH - 90.00%		360		01-Oct-2004
322555822 2			64,000.00		63,414.12		01-Apr-2005		8.350%		OH - 80.00%		360		01-Sep-2004
322556556 2			231,200.00		231,200.00		01-Jun-2005		7.350%		NV - 80.00%		360		01-Oct-2004
322556663 2			60,400.00		59,859.11		01-Feb-2005		10.250%		KS - 80.00%		360		01-Oct-2004
322557463 2			77,940.00		77,362.75		01-May-2005		9.400%		MI - 90.00%		360		01-Sep-2004
322557729 2			266,800.00		265,025.54		01-Apr-2005		9.900%		MN - 80.00%		360		01-Oct-2004
322557786 2			46,070.00		45,769.74		01-May-2005		9.650%		TX - 73.95%		360		01-Oct-2004
322559147 2			277,100.00		277,100.00		01-Apr-2005		6.850%		CO - 85.00%		360		01-Oct-2004
322560418 2			61,600.00		61,199.43		01-Mar-2005		9.650%		IN - 80.00%		360		01-Oct-2004
322560863 2			100,800.00		99,866.44		01-Jun-2005		7.900%		KY - 80.00%		360		01-Oct-2004
322561044 2			127,655.00		126,400.88		01-Mar-2005		7.600%		IL - 88.10%		360		01-Oct-2004
322561465 2			52,000.00		52,000.00		01-Jan-2005		8.800%		IN - 80.00%		360		01-Oct-2004
322561648 2			123,500.00		122,274.83		01-Nov-2004		7.550%		IL - 95.00%		360		01-Oct-2004
322564527 2			153,000.00		151,743.59		01-Apr-2005		8.100%		IL - 85.00%		360		01-Nov-2004
322564766 2			128,000.00		126,438.34		01-Jun-2005		6.500%		OH - 80.00%		360		01-Oct-2004
322578238 2			95,116.00		94,418.45		01-Mar-2005		8.650%		IN - 80.00%		360		01-Nov-2004
322585555 2			80,000.00		79,250.59		01-Mar-2005		7.950%		OH - 100.00%		360		01-Oct-2004
322591116 2			120,000.00		118,707.11		01-Dec-2004		7.125%		ME - 80.00%		360		01-Oct-2004
322596768 2			231,200.00		228,208.07		01-Apr-2005		6.875%		WA - 80.00%		360		01-Sep-2004
322858689 2			58,400.00		58,176.20		01-Apr-2005		11.750%		IL - 20.00%		180		01-Nov-2004
322860008 2			159,800.00		158,750.80		01-May-2005		8.749%		CO - 85.00%		360		01-Dec-2004
322860040 2			144,800.00		143,389.39		01-Jan-2005		6.750%		OH - 80.00%		360		01-Dec-2004
322860222 2			66,320.00		65,905.99		01-Feb-2005		8.999%		IN - 80.00%		360		01-Dec-2004
322860370 2			135,000.00		134,156.02		01-Jun-2005		8.990%		NE - 100.00%		360		01-Dec-2004
322861204 2			52,000.00		51,655.63		01-May-2005		8.750%		MO - 80.00%		360		01-Dec-2004
322862566 2			74,400.00		73,873.23		01-Apr-2005		8.375%		GA - 80.00%		360		01-Dec-2004


TOTAL			14,870,040.00		14,755,846.41


Page 16 of 31
Morgan Stanley Home Equity Loan Trust 2005-1

Mortgage Pass-Through Certificates

2005-1

October 25, 2005 Distribution
Prepayment Report

VOLUNTARY PREPAYMENTS


											Group 2		Group 1		Total




Current


Number of Paid in Full Loans										82		109		191
Number of Repurchased Loans										0		0		0
Total Number of Loans Prepaid in Full										82		109		191
Curtailments Amount										10,168.47		146,295.30		156,463.77
Paid in Full Balance										14,465,214.70		14,272,238.42		28,737,453.12
Repurchased Loans Balance										0.00		0.00		0.00
Total Prepayment Amount										14,475,383.17		14,418,533.72		28,893,916.89

Cumulative


Number of Paid in Full Loans										614		697		1,311
Number of Repurchased Loans										0		0		0
Total Number of Loans Prepaid in Full										614		697		1,311
Paid in Full Balance										107,510,747.16		101,404,206.41		208,914,953.57
Repurchased Loans Balance										0.00		0.00		0.00
Curtailments Amount										1,128,064.84		603,464.90		1,731,529.74
Total Prepayment Amount										108,638,812.00		102,007,671.31		210,646,483.31










Page 17 of 31
Morgan Stanley Home Equity Loan Trust 2005-1

Mortgage Pass-Through Certificates

2005-1

October 25, 2005 Distribution

VOLUNTARY PREPAYMENTS RATES


											Group 2		Group 1		Total



SMM										4.02%		4.01%		4.01%
3 Months Avg SMM										3.86%		4.35%		4.10%
12 Months Avg SMM										2.96%		2.84%		2.90%
Avg SMM Since Cut-off										2.96%		2.84%		2.90%


CPR										38.85%		38.78%		38.82%
3 Months Avg CPR										37.64%		41.36%		39.52%
12 Months Avg CPR										30.25%		29.21%		29.74%
Avg CPR Since Cut-off										30.25%		29.21%		29.74%


PSA										1,498.10%		1,501.17%		1,499.62%
3 Months Avg PSA Approximation										1,572.53%		1,734.58%		1,654.28%
12 Months Avg PSA Approximation										1,684.57%		1,634.81%		1,660.15%
Avg PSA Since Cut-off Approximation										1,684.57%		1,634.81%		1,660.15%










Page 18 of 31
Morgan Stanley Home Equity Loan Trust 2005-1

Mortgage Pass-Through Certificates

2005-1

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 19 of 31
Morgan Stanley Home Equity Loan Trust 2005-1

Mortgage Pass-Through Certificates

2005-1

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	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

19142934 2			131,000.00		129,332.40			29-Sep-2005		6.250%		IL - 74.86%		Paid Off - 360		01-Sep-2004


19142942 2			95,400.00		94,666.83			28-Sep-2005		8.875%		VA - 90.00%		Paid Off - 360		01-Sep-2004

19142959 2			90,000.00		88,977.52			02-Sep-2005		7.250%		AZ - 80.00%		Paid Off - 360		01-Aug-2004

19142967 1			22,500.00		22,396.02			02-Sep-2005		12.250%		AZ - 20.00%		Paid Off - 360		01-Aug-2004

19142975 1			50,000.00		49,222.40			26-Sep-2005		9.625%		FL - 85.00%		Paid Off - 360		01-Sep-2004

19143262 1			165,000.00		163,949.08			22-Sep-2005		9.750%		MD - 75.00%		Paid Off - 360		01-Sep-2004

19143585 2			138,400.00		137,290.73			09-Sep-2005		8.625%		RI - 80.00%		Paid Off - 360		01-Sep-2004

19143841 2			140,000.00		138,300.09			28-Sep-2005		6.500%		CA - 80.00%		Paid Off - 360		01-Sep-2004

19143858 1			35,000.00		34,839.35			28-Sep-2005		12.125%		CA - 20.00%		Paid Off - 360		01-Sep-2004

19143874 2			65,000.00		65,000.00			09-Sep-2005		7.250%		CA - 76.47%		Paid Off - 360		01-Sep-2004

19143940 1			258,000.00		258,000.00			15-Sep-2005		7.000%		CA - 80.00%		Paid Off - 360		01-Sep-2004

19144377 1			20,000.00		19,918.81			09-Sep-2005		11.875%		CA - 23.53%		Paid Off - 360		01-Sep-2004

19144435 2			112,000.00		110,877.97			15-Sep-2005		7.500%		CA - 72.26%		Paid Off - 360		01-Sep-2004

19144476 1			180,000.00		177,599.35			02-Sep-2005		6.000%		CA - 75.00%		Paid Off - 360		01-Sep-2004

19145044 1			106,000.00		104,830.07			12-Sep-2005		7.000%		PA - 80.00%		Paid Off - 360		01-Sep-2004

19145051 1			26,500.00		25,959.64			12-Sep-2005		8.990%		PA - 20.00%		Paid Off - 240		01-Sep-2004

19145127 1			161,250.00		159,510.08			26-Sep-2005		7.125%		FL - 73.30%		Paid Off - 360		01-Sep-2004

19145200 2			75,000.00		73,976.07			09-Sep-2005		7.375%		MI - 58.14%		Paid Off - 360		01-Sep-2004

19145465 1			200,000.00		198,200.92			09-Sep-2005		7.625%		IL - 80.00%		Paid Off - 360		01-Oct-2004

19145473 1			50,000.00		49,699.60			09-Sep-2005		9.625%		IL - 20.00%		Paid Off - 360		01-Oct-2004

19145671 1			108,800.00		107,654.91			22-Sep-2005		7.250%		CA - 75.03%		Paid Off - 360		01-Sep-2004

19145879 1			148,850.00		147,284.50			09-Sep-2005		7.250%		CA - 65.00%		Paid Off - 360		01-Sep-2004

19146349 1			73,950.00		73,505.58			02-Sep-2005		9.625%		FL - 85.00%		Paid Off - 360		01-Oct-2004

19146430 1			171,000.00		169,259.62			30-Sep-2005		6.990%		FL - 90.00%		Paid Off - 360		01-Oct-2004

19146547 1			35,800.00		35,686.76			14-Sep-2005		12.625%		FL - 19.46%		Paid Off - 180		01-Oct-2004

19147925 2			203,120.00		203,120.00			13-Sep-2005		7.500%		CA - 80.00%		Paid Off - 360		01-Oct-2004

19147933 1			50,780.00		50,600.70			13-Sep-2005		12.125%		CA - 20.00%		Paid Off - 360		01-Oct-2004

19148360 2			168,000.00		168,000.00			30-Sep-2005		7.125%		CA - 80.00%		Paid Off - 360		01-Oct-2004

19148378 1			42,000.00		41,810.89			30-Sep-2005		11.000%		CA - 20.00%		Paid Off - 360		01-Oct-2004

19148758 2			128,000.00		126,903.91			02-Sep-2005		7.875%		FL - 80.00%		Paid Off - 360		01-Oct-2004

19149301 1			236,000.00		236,000.00			29-Sep-2005		6.750%		CA - 80.00%		Paid Off - 360		01-Oct-2004

19149319 2			59,000.00		58,727.19			29-Sep-2005		10.875%		CA - 20.00%		Paid Off - 360		01-Oct-2004

19149558 2			115,360.00		114,591.69			08-Sep-2005		9.125%		AZ - 80.00%		Paid Off - 360		01-Oct-2004

19149566 1			28,840.00		28,743.60			08-Sep-2005		12.375%		AZ - 20.00%		Paid Off - 360		01-Oct-2004

19150317 1			77,350.00		76,538.72			30-Sep-2005		7.000%		OH - 73.67%		Paid Off - 360		01-Oct-2004

19150325 1			19,300.00		19,231.86			30-Sep-2005		12.125%		OH - 18.38%		Paid Off - 180		01-Oct-2004

19150341 1			35,000.00		34,829.46			07-Sep-2005		10.625%		FL - 20.00%		Paid Off - 180		01-Oct-2004



Page 20 of 31
Morgan Stanley Home Equity Loan Trust 2005-1

Mortgage Pass-Through Certificates

2005-1

October 25, 2005 Distribution

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


&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

19150523 2			92,000.00		90,683.31			02-Sep-2005		8.375%		FL - 100.00%		Paid Off - 360		01-Oct-2004


19150655 2			56,000.00		55,450.56			08-Sep-2005		7.375%		ID - 65.88%		Paid Off - 360		01-Oct-2004

19150895 2			189,000.00		187,459.90			23-Sep-2005		8.125%		CA - 74.12%		Paid Off - 360		01-Oct-2004

19151562 1			53,000.00		52,568.16			23-Sep-2005		8.125%		MA - 15.87%		Paid Off - 360		01-Oct-2004

19152701 1			188,000.00		186,155.11			02-Sep-2005		7.375%		MD - 80.00%		Paid Off - 360		01-Oct-2004

19152941 2			284,000.00		284,000.00			20-Sep-2005		6.625%		CA - 80.00%		Paid Off - 360		01-Oct-2004

19153089 1			189,475.00		187,466.99			30-Sep-2005		7.000%		IL - 65.00%		Paid Off - 360		01-Oct-2004

19153261 2			124,800.00		123,563.36			12-Sep-2005		7.125%		FL - 80.00%		Paid Off - 360		01-Oct-2004

19153279 1			31,200.00		31,031.03			12-Sep-2005		10.125%		FL - 20.00%		Paid Off - 180		01-Oct-2004

19153329 2			73,400.00		73,042.17			13-Sep-2005		10.625%		FL - 20.00%		Paid Off - 180		01-Oct-2004

19153345 2			191,000.00		188,787.52			30-Sep-2005		6.375%		PA - 100.00%		Paid Off - 360		01-Oct-2004

19153592 2			376,000.00		376,000.00			23-Sep-2005		7.875%		MD - 80.00%		Paid Off - 360		01-Oct-2004

19153634 1			200,000.00		198,329.26			16-Sep-2005		8.000%		RI - 80.00%		Paid Off - 360		01-Oct-2004

19153642 1			37,500.00		37,428.31			16-Sep-2005		14.875%		RI - 15.00%		Paid Off - 180		01-Oct-2004

19153709 2			171,000.00		169,770.88			29-Sep-2005		8.750%		FL - 75.00%		Paid Off - 360		01-Oct-2004

19153824 2			200,000.00		198,598.42			09-Sep-2005		8.875%		CT - 80.00%		Paid Off - 360		01-Oct-2004

19153832 2			305,000.00		301,254.55			28-Sep-2005		6.000%		MD - 78.21%		Paid Off - 360		01-Oct-2004

19154145 1			172,000.00		170,452.75			28-Sep-2005		7.625%		MA - 80.00%		Paid Off - 360		01-Oct-2004

19154293 1			189,500.00		187,709.97			28-Sep-2005		7.375%		MD - 79.99%		Paid Off - 360		01-Oct-2004

19154905 2			360,000.00		359,497.40			29-Sep-2005		6.250%		CA - 75.00%		Paid Off - 360		01-Oct-2004

19156272 2			74,800.00		74,449.23			30-Sep-2005		10.375%		MI - 85.00%		Paid Off - 360		01-Nov-2004

19156447 1			204,000.00		201,762.40			28-Sep-2005		6.125%		CA - 85.00%		Paid Off - 360		01-Nov-2004

19156629 1			218,400.00		216,468.28			21-Sep-2005		7.250%		CA - 80.00%		Paid Off - 360		01-Nov-2004

19156637 1			54,600.00		54,398.58			21-Sep-2005		11.500%		CA - 20.00%		Paid Off - 360		01-Nov-2004

19156678 1			280,000.00		276,388.19			19-Sep-2005		5.250%		CA - 70.00%		Paid Off - 360		01-Nov-2004

19156744 1			319,200.00		319,200.00			07-Sep-2005		6.625%		CA - 80.00%		Paid Off - 360		01-Oct-2004

19156751 2			79,800.00		79,421.14			07-Sep-2005		10.750%		CA - 20.00%		Paid Off - 360		01-Oct-2004

19157346 1			220,000.00		218,258.46			12-Sep-2005		7.875%		CA - 80.00%		Paid Off - 360		01-Nov-2004

19157353 1			55,000.00		54,749.40			14-Sep-2005		12.375%		CA - 20.00%		Paid Off - 360		01-Oct-2004

19157429 1			235,000.00		232,833.75			15-Sep-2005		7.500%		IL - 53.41%		Paid Off - 360		01-Oct-2004

19157536 1			102,600.00		102,003.27			15-Sep-2005		9.375%		VA - 90.00%		Paid Off - 360		01-Nov-2004

19157684 2			141,600.00		140,545.86			27-Sep-2005		8.125%		FL - 80.00%		Paid Off - 360		01-Nov-2004

19158047 2			176,000.00		173,780.23			21-Sep-2005		7.125%		VA - 80.00%		Paid Off - 360		01-Nov-2004

19158286 2			268,000.00		268,000.00			12-Sep-2005		7.000%		CA - 80.00%		Paid Off - 360		01-Nov-2004

19158294 1			67,000.00		66,795.69			12-Sep-2005		12.375%		CA - 20.00%		Paid Off - 360		01-Nov-2004

19158518 2			241,200.00		238,927.93			23-Sep-2005		7.125%		UT - 80.00%		Paid Off - 360		01-Nov-2004

19159037 1			120,000.00		118,886.04			20-Sep-2005		7.000%		FL - 80.00%		Paid Off - 360		01-Nov-2004

19159615 1			132,000.00		131,088.49			21-Sep-2005		8.500%		FL - 80.00%		Paid Off - 360		01-Nov-2004



Page 21 of 31
Morgan Stanley Home Equity Loan Trust 2005-1

Mortgage Pass-Through Certificates

2005-1

October 25, 2005 Distribution

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


&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

19160159 1			89,250.00		88,664.11			29-Sep-2005		8.750%		FL - 75.00%		Paid Off - 360		01-Nov-2004


19161439 2			226,800.00		224,935.06			28-Sep-2005		7.625%		IL - 80.00%		Paid Off - 360		01-Nov-2004

322119488 1			119,000.00		112,930.65			05-Oct-2005		7.450%		CA - 65.03%		Paid Off - 180		01-Jul-2004

322120213 2			192,000.00		189,644.45			05-Oct-2005		6.850%		IL - 80.00%		Paid Off - 360		01-Aug-2004

322121286 2			141,600.00		139,132.78			13-Oct-2005		5.350%		IL - 80.00%		Paid Off - 360		01-Jul-2004

322121583 1			96,475.00		95,236.15			03-Oct-2005		6.750%		OH - 85.00%		Paid Off - 360		01-Aug-2004

322242827 2			232,000.00		229,625.84			28-Sep-2005		7.400%		IL - 80.00%		Paid Off - 360		01-Sep-2004

322243007 2			234,000.00		231,998.16			14-Oct-2005		8.300%		IL - 90.00%		Paid Off - 360		01-Sep-2004

322243270 2			347,850.00		343,167.33			12-Oct-2005		5.950%		IL - 90.00%		Paid Off - 360		01-Sep-2004

322243767 1			150,000.00		147,400.15			13-Oct-2005		7.350%		CA - 55.56%		Paid Off - 360		01-Sep-2004

322243916 1			69,750.00		69,022.17			22-Sep-2005		8.700%		OH - 90.00%		Paid Off - 360		01-Sep-2004

322244419 1			125,600.00		124,009.35			30-Sep-2005		8.000%		AZ - 80.00%		Paid Off - 360		01-Aug-2004

322244971 1			85,100.00		84,037.08			05-Oct-2005		6.350%		IL - 80.00%		Paid Off - 360		01-Sep-2004

322245564 2			141,600.00		140,110.79			03-Oct-2005		7.250%		OR - 80.00%		Paid Off - 360		01-Sep-2004

322553678 1			180,000.00		180,000.00			03-Oct-2005		7.700%		AZ - 80.00%		Paid Off - 360		01-Oct-2004

322555483 1			211,600.00		211,600.00			14-Oct-2005		8.550%		MN - 80.00%		Paid Off - 360		01-Sep-2004

322555665 1			124,000.00		124,000.00			27-Sep-2005		7.000%		AZ - 80.00%		Paid Off - 360		01-Oct-2004

322555871 2			128,000.00		126,453.96			29-Sep-2005		6.100%		AZ - 80.00%		Paid Off - 360		01-Oct-2004

322556861 1			236,000.00		236,000.00			03-Oct-2005		6.400%		IL - 80.00%		Paid Off - 360		01-Oct-2004

322557109 2			388,000.00		388,000.00			26-Sep-2005		9.500%		TX - 80.00%		Paid Off - 360		01-Oct-2004

322557380 1			218,500.00		218,500.00			30-Sep-2005		7.200%		AZ - 95.00%		Paid Off - 360		01-Oct-2004

322557414 2			69,200.00		68,786.30			27-Sep-2005		9.650%		MO - 80.00%		Paid Off - 360		01-Oct-2004

322557620 1			60,000.00		59,617.17			20-Sep-2005		9.450%		MI - 80.00%		Paid Off - 360		01-Oct-2004

322557976 2			144,000.00		143,165.55			30-Sep-2005		9.800%		AZ - 80.00%		Paid Off - 360		01-Oct-2004

322558297 2			89,585.00		88,836.66			07-Oct-2005		8.000%		MO - 95.00%		Paid Off - 360		01-Oct-2004

322558396 2			198,400.00		196,658.68			12-Oct-2005		7.750%		IL - 80.00%		Paid Off - 360		01-Oct-2004

322558875 1			255,440.00		255,417.17			01-Sep-2005		7.400%		CA - 80.00%		Paid Off - 360		01-Aug-2004

322559238 1			220,000.00		217,931.93			26-Sep-2005		7.400%		CA - 80.00%		Paid Off - 360		01-Oct-2004

322560095 1			201,600.00		201,600.00			28-Sep-2005		7.100%		WA - 80.00%		Paid Off - 360		01-Nov-2004

322560269 1			166,400.00		164,942.03			30-Sep-2005		7.300%		WA - 80.00%		Paid Off - 360		01-Nov-2004

322560384 1			172,000.00		172,000.00			20-Sep-2005		6.850%		CA - 80.00%		Paid Off - 360		01-Nov-2004

322560608 2			155,550.00		154,250.59			29-Sep-2005		8.000%		OR - 85.00%		Paid Off - 360		01-Oct-2004

322560707 2			247,846.00		247,846.00			20-Sep-2005		7.750%		CA - 80.00%		Paid Off - 360		01-Oct-2004

322560962 1			99,600.00		99,600.00			13-Oct-2005		6.750%		AZ - 80.00%		Paid Off - 360		01-Oct-2004

322561630 1			272,000.00		269,128.73			28-Sep-2005		6.800%		CA - 85.00%		Paid Off - 360		01-Oct-2004

322562117 1			183,690.00		181,959.10			30-Sep-2005		6.950%		CA - 62.91%		Paid Off - 360		01-Nov-2004

322562141 1			124,900.00		124,054.80			03-Oct-2005		8.600%		IL - 87.96%		Paid Off - 360		01-Nov-2004

322563453 1			234,800.00		234,800.00			23-Sep-2005		6.100%		CA - 80.00%		Paid Off - 360		01-Nov-2004



Page 22 of 31
Morgan Stanley Home Equity Loan Trust 2005-1

Mortgage Pass-Through Certificates

2005-1

October 25, 2005 Distribution

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


&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

322563537 1			236,000.00		235,999.99			16-Sep-2005		7.050%		IL - 80.00%		Paid Off - 360		01-Nov-2004


322563560 1			240,000.00		237,266.20			22-Sep-2005		6.400%		CA - 77.95%		Paid Off - 360		01-Oct-2004

322563735 1			99,200.00		99,200.00			14-Oct-2005		7.200%		AZ - 80.00%		Paid Off - 360		01-Oct-2004

322563933 2			396,000.00		395,976.72			14-Oct-2005		5.700%		CA - 80.00%		Paid Off - 360		01-Oct-2004

322564055 1			272,250.00		260,359.24			29-Sep-2005		8.300%		MO - 90.00%		Paid Off - 360		01-Oct-2004

322564428 2			124,800.00		123,398.69			23-Sep-2005		6.000%		AZ - 80.00%		Paid Off - 360		01-Nov-2004

322565128 2			55,959.00		55,580.61			06-Oct-2005		9.050%		MI - 80.60%		Paid Off - 360		01-Oct-2004

322565193 2			92,800.00		92,800.00			21-Sep-2005		7.100%		OH - 80.00%		Paid Off - 360		01-Nov-2004

322565284 1			133,515.00		132,485.84			11-Oct-2005		7.950%		IL - 90.00%		Paid Off - 360		01-Nov-2004

322569286 1			192,000.00		190,067.80			21-Sep-2005		6.580%		CT - 96.00%		Paid Off - 360		01-Nov-2004

322569625 2			177,500.00		174,304.37			20-Sep-2005		6.790%		MI - 61.63%		Paid Off - 360		01-Oct-2004

322569732 1			179,000.00		177,378.80			03-Oct-2005		7.590%		CT - 76.17%		Paid Off - 360		01-Oct-2004

322570144 2			136,000.00		134,700.35			11-Oct-2005		6.850%		PA - 76.84%		Paid Off - 360		01-Nov-2004

322570540 1			97,600.00		96,573.98			12-Oct-2005		6.350%		IN - 80.00%		Paid Off - 360		01-Nov-2004

322570920 1			120,000.00		119,125.06			04-Oct-2005		8.230%		NC - 80.00%		Paid Off - 360		01-Nov-2004

322571589 2			99,400.00		98,894.60			12-Oct-2005		9.990%		CA - 20.00%		Paid Off - 180		01-Nov-2004

322571910 2			250,000.00		247,469.71			05-Oct-2005		6.550%		CA - 74.40%		Paid Off - 360		01-Nov-2004

322572116 1			348,000.00		347,980.56			27-Sep-2005		5.650%		CA - 80.00%		Paid Off - 360		01-Nov-2004

322572132 2			87,000.00		86,168.63			27-Sep-2005		9.990%		CA - 20.00%		Paid Off - 180		01-Nov-2004

322572553 2			242,250.00		239,832.99			29-Sep-2005		6.625%		RI - 85.00%		Paid Off - 360		01-Nov-2004

322575184 2			180,000.00		178,493.38			13-Oct-2005		7.990%		DE - 80.00%		Paid Off - 360		01-Oct-2004

322577602 1			136,000.00		136,000.00			03-Oct-2005		6.750%		AZ - 80.00%		Paid Off - 360		01-Oct-2004

322577818 2			122,400.00		121,718.03			27-Sep-2005		9.550%		AZ - 80.00%		Paid Off - 360		01-Nov-2004

322578089 2			47,600.00		47,222.01			05-Oct-2005		7.800%		KS - 80.00%		Paid Off - 360		01-Nov-2004

322578816 2			212,400.00		210,484.50			29-Sep-2005		7.150%		CA - 90.00%		Paid Off - 360		01-Nov-2004

322579103 1			189,600.00		188,049.24			11-Oct-2005		7.650%		IL - 80.00%		Paid Off - 360		01-Nov-2004

322579558 1			134,400.00		133,936.83			11-Oct-2005		8.350%		OH - 80.00%		Paid Off - 360		01-Nov-2004

322580739 1			67,200.00		4,531.37			26-Sep-2005		6.875%		PA - 79.51%		Paid Off - 360		01-Oct-2004

322580762 2			136,000.00		134,615.23			26-Sep-2005		6.990%		FL - 80.00%		Paid Off - 360		01-Oct-2004

322580770 1			34,000.00		33,491.30			26-Sep-2005		11.250%		FL - 20.00%		Paid Off - 240		01-Oct-2004

322581364 2			181,050.00		179,210.53			22-Sep-2005		7.150%		VA - 85.00%		Paid Off - 360		01-Oct-2004

322581539 1			91,000.00		87,554.78			22-Sep-2005		7.390%		MD - 84.26%		Paid Off - 180		22-Sep-2004

322581844 1			76,000.00		74,993.05			19-Sep-2005		7.550%		CT - 95.00%		Paid Off - 360		01-Oct-2004

322583055 1			42,610.00		42,416.11			22-Sep-2005		10.950%		KY - 20.00%		Paid Off - 180		01-Oct-2004

322583410 2			160,720.00		159,071.65			19-Sep-2005		6.950%		GA - 80.00%		Paid Off - 360		01-Oct-2004

322583428 1			40,180.00		39,991.31			19-Sep-2005		10.800%		GA - 20.00%		Paid Off - 180		01-Oct-2004

322583840 1			140,000.00		138,454.86			13-Oct-2005		7.000%		CA - 80.00%		Paid Off - 360		01-Sep-2004

322584467 2			234,000.00		234,000.00			05-Oct-2005		6.490%		CA - 66.86%		Paid Off - 360		01-Oct-2004



Page 23 of 31
Morgan Stanley Home Equity Loan Trust 2005-1

Mortgage Pass-Through Certificates

2005-1

October 25, 2005 Distribution

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


&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

322584681 2			170,400.00		170,400.00			28-Sep-2005		6.750%		CA - 80.00%		Paid Off - 360		01-Oct-2004


322584814 1			265,600.00		265,588.36			03-Oct-2005		6.625%		MA - 80.00%		Paid Off - 360		01-Oct-2004

322585290 2			50,250.00		49,836.99			16-Sep-2005		8.500%		PA - 15.00%		Paid Off - 180		01-Sep-2004

322585449 1			53,000.00		52,663.33			05-Oct-2005		10.850%		OH - 20.00%		Paid Off - 180		01-Oct-2004

322585795 2			360,000.00		356,083.85			28-Sep-2005		6.650%		CA - 81.82%		Paid Off - 360		01-Oct-2004

322586660 1			178,000.00		176,188.41			19-Sep-2005		6.990%		AZ - 80.00%		Paid Off - 360		01-Oct-2004

322586678 1			33,375.00		33,249.89			19-Sep-2005		11.850%		AZ - 15.00%		Paid Off - 180		01-Oct-2004

322587197 2			78,799.00		78,359.99			04-Oct-2005		9.990%		AZ - 20.00%		Paid Off - 180		01-Oct-2004

322588427 1			148,000.00		143,349.89			28-Sep-2005		6.800%		VA - 80.00%		Paid Off - 240		01-Sep-2004

322588716 1			135,500.00		133,832.94			21-Sep-2005		5.990%		MD - 69.49%		Paid Off - 360		01-Oct-2004

322588906 2			83,000.00		82,050.08			27-Sep-2005		6.375%		MD - 76.85%		Paid Off - 360		15-Sep-2004

322589011 2			75,000.00		74,473.82			28-Sep-2005		8.900%		GA - 75.00%		Paid Off - 360		01-Oct-2004

322589342 2			204,000.00		202,001.28			03-Oct-2005		7.750%		MD - 85.00%		Paid Off - 360		01-Sep-2004

322589466 1			105,600.00		104,489.36			04-Oct-2005		7.250%		KY - 80.00%		Paid Off - 360		01-Sep-2004

322590266 2			210,000.00		209,969.74			03-Oct-2005		6.990%		CA - 64.62%		Paid Off - 360		01-Sep-2004

322590696 2			370,000.00		365,801.44			06-Oct-2005		6.500%		CA - 87.06%		Paid Off - 360		01-Oct-2004

322590936 1			161,500.00		160,123.91			03-Oct-2005		7.900%		CT - 82.40%		Paid Off - 360		01-Oct-2004

322592718 1			114,750.00		113,315.60			14-Sep-2005		6.350%		FL - 85.00%		Paid Off - 360		01-Sep-2004

322593641 1			112,800.00		112,800.00			29-Sep-2005		6.490%		AZ - 80.00%		Paid Off - 360		01-Oct-2004

322593658 1			28,200.00		28,066.14			29-Sep-2005		10.750%		AZ - 20.00%		Paid Off - 180		01-Oct-2004

322593823 2			178,800.00		176,887.60			30-Sep-2005		7.250%		IN - 80.00%		Paid Off - 360		01-Sep-2004

322593989 2			388,000.00		388,000.00			04-Oct-2005		5.500%		CA - 72.52%		Paid Off - 360		01-Sep-2004

322594854 1			80,000.00		78,957.61			20-Sep-2005		6.125%		AZ - 80.00%		Paid Off - 360		01-Sep-2004

322594862 1			20,000.00		19,878.74			20-Sep-2005		9.990%		AZ - 20.00%		Paid Off - 180		01-Sep-2004

322595075 1			254,400.00		251,777.41			26-Sep-2005		7.749%		WA - 80.00%		Paid Off - 360		01-Aug-2004

322595083 1			37,700.00		37,453.33			13-Oct-2005		9.999%		MO - 79.04%		Paid Off - 360		01-Aug-2004

322595117 1			24,400.00		24,132.38			26-Sep-2005		10.250%		AZ - 20.00%		Paid Off - 180		01-Sep-2004

322597006 1			193,250.00		189,844.72			03-Oct-2005		5.500%		CA - 72.92%		Paid Off - 360		01-Sep-2004

322597493 2			166,250.00		166,250.00			04-Oct-2005		7.249%		AZ - 95.00%		Paid Off - 360		01-Sep-2004

322858887 2			88,000.00		87,672.25			28-Sep-2005		10.990%		CA - 20.00%		Paid Off - 180		01-Nov-2004

322858895 2			246,320.00		246,320.00			06-Oct-2005		8.124%		AZ - 79.98%		Paid Off - 360		01-Dec-2004

322858960 1			61,580.00		61,395.20			06-Oct-2005		11.990%		AZ - 20.00%		Paid Off - 180		01-Dec-2004

322859018 2			352,000.00		351,930.80			28-Sep-2005		6.375%		CA - 80.00%		Paid Off - 360		01-Dec-2004

322859166 2			260,000.00		259,982.62			28-Sep-2005		5.125%		CA - 80.00%		Paid Off - 360		01-Dec-2004

322859281 1			148,720.00		148,720.00			06-Oct-2005		6.375%		AZ - 80.00%		Paid Off - 360		01-Dec-2004

322859315 1			37,190.00		37,051.46			06-Oct-2005		10.990%		AZ - 20.00%		Paid Off - 180		01-Dec-2004

322861014 2			96,000.00		95,643.23			05-Oct-2005		11.000%		CA - 20.00%		Paid Off - 180		01-Dec-2004

322861071 2			384,000.00		384,000.00			05-Oct-2005		5.875%		CA - 80.00%		Paid Off - 360		01-Dec-2004



Page 24 of 31
Morgan Stanley Home Equity Loan Trust 2005-1

Mortgage Pass-Through Certificates

2005-1

October 25, 2005 Distribution

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


&		Loan	Principal		Prepayment			Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount			Date		Rate		Origination		Original Term		Date

322863358 1			257,600.00		257,600.00			04-Oct-2005		7.249%		CA - 80.00%		Paid Off - 360		01-Dec-2004


322863507 1			64,400.00		64,206.78			04-Oct-2005		11.990%		CA - 20.00%		Paid Off - 180		01-Dec-2004



TOTAL			29,007,229.00		28,737,453.12



Page 25 of 31
Morgan Stanley Home Equity Loan Trust 2005-1

Mortgage Pass-Through Certificates

2005-1

October 25, 2005 Distribution
Realized Loss Report

COLLATERAL REALIZED LOSSES



											Group 2		Group 1		Total


Current




Number of Loans Liquidated										3		0		3
Collateral Principal Realized Loss/(Gain) Amount										38,824.18		0.00		38,824.18
Collateral Interest Realized Loss/(Gain) Amount										0.00		0.00		0.00
Net Liquidation Proceeds										162,499.41		0.00		162,499.41

Cumulative




Number of Loans Liquidated										6		4		10
Collateral Realized Loss/(Gain) Amount										88,397.98		94,389.49		182,787.47
Net Liquidation Proceeds										293,237.03		220,300.08		513,537.11










Page 26 of 31
Morgan Stanley Home Equity Loan Trust 2005-1

Mortgage Pass-Through Certificates

2005-1

October 25, 2005 Distribution


DEFAULT SPEEDS



											Group 2		Group 1		Total



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


CDR										0.66%		0.00%		0.33%
3 Months Avg CDR										0.40%		0.20%		0.30%
12 Months Avg CDR										0.13%		0.11%		0.12%
Avg CDR Since Cut-off										0.13%		0.11%		0.12%


SDA										2.54%		0.00%		1.28%
3 Months Avg SDA Approximation										1.69%		0.84%		1.27%
12 Months Avg SDA Approximation										0.75%		0.59%		0.67%
Avg SDA Since Cut-off Approximation										0.75%		0.59%		0.67%


Loss Severity Approximation for Current Period										19.28%		0.00%		19.28%
3 Months Avg Loss Severity Approximation										20.82%		33.65%		27.52%
12 Months Avg Loss Severity Approximation										6.94%		22.33%		20.28%
Avg Loss Severity Approximation Since Cut-off										6.94%		22.33%		20.28%












Page 27 of 31
Morgan Stanley Home Equity Loan Trust 2005-1

Mortgage Pass-Through Certificates

2005-1

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 28 of 31
Morgan Stanley Home Equity Loan Trust 2005-1

Mortgage Pass-Through Certificates

2005-1

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

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

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

322555566 2
			8.500%		MO - 80.00%		360		47,636.16				11,549.32		0.00

322559998 2			7.850%		MO - 80.00%		360		95,022.87				27,267.11		0.00
322862210 2			6.625%		WA - 80.00%		360		58,664.56				0.00		0.00
19149590 2					CA - 77.49%		360				Revision		7.75


TOTAL									201,323.59			38,824.18		0.00



Page 29 of 31
Morgan Stanley Home Equity Loan Trust 2005-1

Mortgage Pass-Through Certificates

2005-1

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

										Group 2		Group 1		Total
						Trigger Event in effect (0=No , 1=Yes)								0
						Stepdown Date has occurred (0 = No, 1=Yes)								0
						Three Month Rolling Average 60+ days Delinquent								24,348,579.02
						Ending Balance								696,130,866.27
						Prior Period Senior Enhancement Percentage								23.2006%



ADJUSTABLE RATE CERTIFICATE INFORMATION

SPACE INTENTIONALLY LEFT BLANK



ADDITIONAL INFORMATION

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




Page 30 of 31
Morgan Stanley Home Equity Loan Trust 2005-1

Mortgage Pass-Through Certificates

2005-1

October 25, 2005 Distribution
Other Related Information
ADDITIONAL INFORMATION

										Group 2		Group 1		Total
Current Scheduled Payments										2,421,183.53		2,418,169.40		4,839,352.92
Current Scheduled Payments 1 Month Prior										2,534,161.76		2,550,113.40		5,084,275.17
Current Scheduled Payments 2 Month Prior										2,616,334.82		2,654,445.61		5,270,780.42
Current Scheduled Payments 3 Month Prior										2,717,857.52		2,745,838.67		5,463,696.19
Current Scheduled Payments 4 Month Prior										2,797,537.02		2,813,388.59		5,610,925.60
Current Scheduled Payments 5 Month Prior										2,865,723.19		2,877,306.88		5,743,030.07
Current Scheduled Payments 6 Month Prior										2,956,160.53		2,940,412.33		5,896,572.87
Current Scheduled Payments 7 Month Prior										3,006,355.10		2,981,915.28		5,988,270.38
Current Scheduled Payments 8 Month Prior										3,056,508.59		3,009,910.77		6,066,419.36
Current Scheduled Payments 9 Month Prior										0.00		0.00		0.00
Current Scheduled Payments 10 Month Prior										0.00		0.00		0.00
Current Scheduled Payments 11 Month Prior										0.00		0.00		0.00





Sched. Payments for 60+Day Delinquent Loans										128,422.50		114,184.10		242,606.60
Sched. Pmts - 60+Day Delinquent Loans, 1 Month Prior										103,924.67		96,276.23		200,200.90
Sched. Pmts - 60+Day Delinquent Loans, 2 Month Prior										95,801.12		81,534.77		177,335.89
Sched. Pmts - 60+Day Delinquent Loans, 3 Month Prior										76,852.50		67,296.69		144,149.20
Sched. Pmts - 60+Day Delinquent Loans, 4 Month Prior										68,693.70		57,029.49		125,723.19
Sched. Pmts - 60+Day Delinquent Loans, 5 Month Prior										61,871.21		43,155.77		105,026.98
Sched. Pmts - 60+Day Delinquent Loans, 6 Month Prior										37,065.80		23,723.46		60,789.26
Sched. Pmts - 60+Day Delinquent Loans, 7 Month Prior										19,115.08		19,088.24		38,203.32
Sched. Pmts - 60+Day Delinquent Loans, 8 Month Prior										3,729.06		1,769.77		5,498.83
Sched. Pmts - 60+Day Delinquent Loans, 9 Month Prior										0.00		0.00		0.00
Sched. Pmts - 60+Day Delinquent Loans, 10 Month Prior										0.00		0.00		0.00
Sched. Pmts - 60+Day Delinquent Loans, 11 Month Prior										0.00		0.00		0.00




Page 31 of 31

Morgan Stanley Home Equity Loan Trust 2005-1 8-K