

                                    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): December 27, 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 Mortgage Pass-Through
                              Certificates, Series 2005-HE1)
                      (Exact name of registrant as specified in charter)


                                         DELAWARE
                     (State or Other Jurisdiction of Incorporation)

               333-113543-22                        13-3939229
          (Commission File Number)        (I.R.S. Employer Identification No.)


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


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


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


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

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

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

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

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


     Item 8.01 Other Events.

     This current report on Form 8-K relates to the monthly distribution reported to the holders of
     Morgan Stanley ABS Capital I Inc. Mortgage Pass-Through Certificates, Series 2005-HE1, 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
     December 27, 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:  Dec 29, 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
              December 27, 2005.



Morgan Stanley ABS Capital I Inc. 2005-HE1

Mortgage Pass-Through Certificates

2005-HE1

December 27, 2005 Distribution

				External Parties						Table of Contents

													Page
				Seller
										1. Certificate Payment Report					2
				Morgan Stanley
										2. Collection Account Report					6

										3. Credit Enhancement Report					8
										4. Collateral Report					9
				Certificate Insurer(s)						5. Delinquency Report					12

										6. REO Report					16

										7. Foreclosure Report					17
										8. Prepayment Report					21
										9. Prepayment Detail Report					24

										10. Realized Loss Report					33
										11. Realized Loss Detail Report					36
				Servicer(s)
										12. Triggers and Adj. Cert. Report					37
				Chase Securities, Inc
										13. Other Related Information					38
				HomeQ Servicing Corp.



				Underwriter(s)
				Morgan Stanley & Co. Inc


										Total Number of Pages					38


				Dates						Contacts

				Cut-Off Date:			January 01, 2005			Marion Hogan
				Close Date:			January 26, 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:			December 27, 2005
										Factor Information:			(800) 735-7777
				Record Date:			November 30, 2005
										Main Phone Number:			(714) 247-6000

							December 23, 2005


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






Page 1 of 38
Morgan Stanley ABS Capital I Inc. 2005-HE1

Mortgage Pass-Through Certificates

2005-HE1

December 27, 2005 Distribution
Certificate Payment Report
Current Period Distribution -
					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, SR	$	334,795,000.00		202,832,741.31		814,711.51		15,696,980.95		16,511,692.46		0.00		0.00		187,135,760.36

A-1MZ	FLT, SR	$	37,200,000.00		22,537,307.84		90,174.27		1,744,135.05		1,834,309.32		0.00		0.00		20,793,172.79
A-2SS	FLT, SR	$	503,344,000.00		323,420,892.31		1,282,543.52		22,844,663.32		24,127,206.84		0.00		0.00		300,576,228.99
A-2MZ	FLT, SR	$	125,837,000.00		80,855,865.62		322,794.58		5,711,211.22		6,034,005.80		0.00		0.00		75,144,654.40
A-3A	FLT, SR	$	155,611,000.00		7,235,746.25		27,793.31		7,235,746.25		7,263,539.56		0.00		0.00		0.00
A-3B	FLT, SR	$	164,000,000.00		164,000,000.00		643,062.22		10,780,919.26		11,423,981.48		0.00		0.00		153,219,080.74
A-3C	FLT, SR	$	40,000,000.00		40,000,000.00		161,822.22		0.00		161,822.22		0.00		0.00		40,000,000.00
A-3MZ	FLT, SR	$	39,957,000.00		23,470,769.01		94,326.41		2,001,862.86		2,096,189.27		0.00		0.00		21,468,906.15
M-1	MEZ, FLT	$	53,117,000.00		53,117,000.00		219,137.13		0.00		219,137.13		0.00		0.00		53,117,000.00
M-2	MEZ, FLT	$	49,690,000.00		49,690,000.00		205,882.23		0.00		205,882.23		0.00		0.00		49,690,000.00
M-3	MEZ, FLT	$	34,268,000.00		34,268,000.00		143,506.77		0.00		143,506.77		0.00		0.00		34,268,000.00
M-4	MEZ, FLT	$	29,129,000.00		29,129,000.00		127,164.27		0.00		127,164.27		0.00		0.00		29,129,000.00
M-5	MEZ, FLT	$	25,702,000.00		25,702,000.00		113,345.82		0.00		113,345.82		0.00		0.00		25,702,000.00
M-6	MEZ, FLT	$	21,418,000.00		21,418,000.00		96,357.20		0.00		96,357.20		0.00		0.00		21,418,000.00
B-1	MEZ, FLT	$	20,561,000.00		20,561,000.00		101,274.35		0.00		101,274.35		0.00		0.00		20,561,000.00
B-2	MEZ, FLT	$	14,565,000.00		14,565,000.00		73,294.32		0.00		73,294.32		0.00		0.00		14,565,000.00
B-3	MEZ, FLT	$	17,134,000.00		17,134,000.00		99,624.69		0.00		99,624.69		0.00		0.00		17,134,000.00
X	EXE	$	47,120,448.00		47,119,832.32		1,746,675.02		0.00		1,746,675.02		0.00		0.00		47,119,832.32
P	SUB	$	0.00		0.00		1,081,005.80		0.00		1,081,005.80		0.00		0.00		0.00
R	RES	$	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00


Total			1,713,448,448.00		1,177,057,154.66		7,444,495.64		66,015,518.91		73,460,014.55		0.00		0.00		1,111,041,635.75






Page 2 of 38
Morgan Stanley ABS Capital I Inc. 2005-HE1

Mortgage Pass-Through Certificates

2005-HE1

December 27, 2005 Distribution

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	11/25/05		12/26/05		A-Act/360		61744CKX3		334,795,000.00		605.841608		2.433464		46.885351		49.318814	558.956258
A-1MZ	11/25/05		12/26/05		A-Act/360		61744CKG0		37,200,000.00		605.841609		2.424040		46.885351		49.309390	558.956258
A-2SS	11/25/05		12/26/05		A-Act/360		61744CKY1		503,344,000.00		642.544447		2.548046		45.385786		47.933832	597.158661
A-2MZ	11/25/05		12/26/05		A-Act/360		61744CKH8		125,837,000.00		642.544447		2.565180		45.385787		47.950967	597.158661
A-3A	11/25/05		12/26/05		A-Act/360		61744CKJ4		155,611,000.00		46.498938		0.178608		46.498938		46.677546	0.000000
A-3B	11/25/05		12/26/05		A-Act/360		61744CKK1		164,000,000.00		1,000.000000		3.921111		65.737313		69.658424	934.262687
A-3C	11/25/05		12/26/05		A-Act/360		61744CKL9		40,000,000.00		1,000.000000		4.045556		0.000000		4.045556	1,000.000000
A-3MZ	11/25/05		12/26/05		A-Act/360		61744CKM7		39,957,000.00		587.400681		2.360698		50.100429		52.461127	537.300252
M-1	11/25/05		12/26/05		A-Act/360		61744CKN5		53,117,000.00		1,000.000000		4.125555		0.000000		4.125555	1,000.000000
M-2	11/25/05		12/26/05		A-Act/360		61744CKP0		49,690,000.00		1,000.000000		4.143333		0.000000		4.143333	1,000.000000
M-3	11/25/05		12/26/05		A-Act/360		61744CKQ8		34,268,000.00		1,000.000000		4.187778		0.000000		4.187778	1,000.000000
M-4	11/25/05		12/26/05		A-Act/360		61744CKR6		29,129,000.00		1,000.000000		4.365556		0.000000		4.365556	1,000.000000
M-5	11/25/05		12/26/05		A-Act/360		61744CKS4		25,702,000.00		1,000.000000		4.410000		0.000000		4.410000	1,000.000000
M-6	11/25/05		12/26/05		A-Act/360		61744CKT2		21,418,000.00		1,000.000000		4.498889		0.000000		4.498889	1,000.000000
B-1	11/25/05		12/26/05		A-Act/360		61744CKU9		20,561,000.00		1,000.000000		4.925556		0.000000		4.925556	1,000.000000
B-2	11/25/05		12/26/05		A-Act/360		61744CKV7		14,565,000.00		1,000.000000		5.032222		0.000000		5.032222	1,000.000000
B-3	11/25/05		12/26/05		A-Act/360		61744CKW5		17,134,000.00		1,000.000000		5.814444		0.000000		5.814444	1,000.000000
X	11/25/05		12/24/05		A-30/360				47,120,448.00		999.986934		37.068302		0.000000		37.068302	999.986934
P	11/25/05		12/24/05		A-30/360				0.00		0.000000		0.000000		0.000000		0.000000	0.000000
R	11/25/05		12/24/05		A-30/360				0.00		0.000000		0.000000		0.000000		0.000000	0.000000




Page 3 of 38
Morgan Stanley ABS Capital I Inc. 2005-HE1

Mortgage Pass-Through Certificates

2005-HE1

December 27, 2005 Distribution

Distribution to Date -
																	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	334,795,000.00		9,291,607.05		144,674,882.45		2,984,381.85		147,659,264.30		156,950,871.35		0.00		0.00		187,135,760.36
A-1MZ	37,200,000.00		1,027,375.25		16,075,227.00		331,602.93		16,406,829.95		17,434,205.20		0.00		0.00		20,793,172.79
A-2SS	503,344,000.00		13,969,310.54		198,591,200.84		4,176,576.57		202,767,777.41		216,737,087.95		0.00		0.00		300,576,228.99
A-2MZ	125,837,000.00		3,521,986.19		49,648,194.75		1,044,152.44		50,692,347.20		54,214,333.39		0.00		0.00		75,144,654.40
A-3A	155,611,000.00		2,559,104.37		152,220,451.45		3,390,516.69		155,610,968.14		158,170,072.51		0.00		0.00		0.00
A-3B	164,000,000.00		5,430,616.44		10,628,125.22		152,794.04		10,780,919.26		16,211,535.70		0.00		0.00		153,219,080.74
A-3C	40,000,000.00		1,376,651.71		0.00		0.00		0.00		1,376,651.71		0.00		0.00		40,000,000.00
A-3MZ	39,957,000.00		1,076,047.46		18,094,386.93		393,703.38		18,488,090.31		19,564,137.77		0.00		0.00		21,468,906.15
M-1	53,117,000.00		1,872,575.72		0.01		0.00		0.00		1,872,575.72		0.00		0.00		53,117,000.00
M-2	49,690,000.00		1,761,008.81		0.00		0.00		0.00		1,761,008.81		0.00		0.00		49,690,000.00
M-3	34,268,000.00		1,230,398.75		0.00		0.00		0.00		1,230,398.75		0.00		0.00		34,268,000.00
M-4	29,129,000.00		1,100,094.35		0.00		0.00		0.00		1,100,094.35		0.00		0.00		29,129,000.00
M-5	25,702,000.00		982,627.84		0.00		0.00		0.00		982,627.84		0.00		0.00		25,702,000.00
M-6	21,418,000.00		838,774.41		0.00		0.00		0.00		838,774.41		0.00		0.00		21,418,000.00
B-1	20,561,000.00		897,051.61		0.00		0.00		0.00		897,051.61		0.00		0.00		20,561,000.00
B-2	14,565,000.00		651,717.62		0.00		0.00		0.00		651,717.62		0.00		0.00		14,565,000.00
B-3	17,134,000.00		906,977.12		0.00		0.00		0.00		906,977.12		0.00		0.00		17,134,000.00
X	47,120,448.00		42,754,677.84		578.90		27.54		615.68		42,755,293.52		9.24		9.24		47,119,832.32
P	0.00		10,493,697.50		0.00		0.00		0.00		10,493,697.50		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	1,713,448,448.00		101,742,300.58		589,933,047.55		12,473,755.44		602,406,812.25		704,149,112.83		9.24		9.24		1,111,041,635.75



Page 4 of 38
Morgan Stanley ABS Capital I Inc. 2005-HE1

Mortgage Pass-Through Certificates

2005-HE1

December 27, 2005 Distribution

Interest Detail -
	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	4.51875%		202,832,741.31		814,711.51		0.00		0.00		0.00		814,711.51		814,711.51		0.00
A-1MZ	4.50125%		22,537,307.84		90,174.27		0.00		0.00		0.00		90,174.27		90,174.27		0.00
A-2SS	4.46125%		323,420,892.31		1,282,543.52		0.00		0.00		0.00		1,282,543.52		1,282,543.52		0.00
A-2MZ	4.49125%		80,855,865.62		322,794.58		0.00		0.00		0.00		322,794.58		322,794.58		0.00
A-3A	4.32125%		7,235,746.25		27,793.31		0.00		0.00		0.00		27,793.31		27,793.31		0.00
A-3B	4.41125%		164,000,000.00		643,062.22		0.00		0.00		0.00		643,062.22		643,062.22		0.00
A-3C	4.55125%		40,000,000.00		161,822.22		0.00		0.00		0.00		161,822.22		161,822.22		0.00
A-3MZ	4.52125%		23,470,769.01		94,326.41		0.00		0.00		0.00		94,326.41		94,326.41		0.00
M-1	4.64125%		53,117,000.00		219,137.13		0.00		0.00		0.00		219,137.13		219,137.13		0.00
M-2	4.66125%		49,690,000.00		205,882.23		0.00		0.00		0.00		205,882.23		205,882.23		0.00
M-3	4.71125%		34,268,000.00		143,506.77		0.00		0.00		0.00		143,506.77		143,506.77		0.00
M-4	4.91125%		29,129,000.00		127,164.27		0.00		0.00		0.00		127,164.27		127,164.27		0.00
M-5	4.96125%		25,702,000.00		113,345.82		0.00		0.00		0.00		113,345.82		113,345.82		0.00
M-6	5.06125%		21,418,000.00		96,357.20		0.00		0.00		0.00		96,357.20		96,357.20		0.00
B-1	5.54125%		20,561,000.00		101,274.35		0.00		0.00		0.00		101,274.35		101,274.35		0.00
B-2	5.66125%		14,565,000.00		73,294.32		0.00		0.00		0.00		73,294.32		73,294.32		0.00
B-3	6.32014%		17,134,000.00		96,257.17		0.00		0.00		0.00		96,257.17		99,624.69		0.00
X	44.48254%		47,119,832.32		0.00		0.00		0.00		0.00		0.00		1,746,675.02		0.00
P	0.00000%		0.00		0.00		0.00		0.00		0.00		0.00		1,081,005.80		0.00
R	0.00000%		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00


Total			1,177,057,154.66		4,613,447.30		0.00		0.00		0.00		4,613,447.30		7,444,495.64		0.00



Page 5 of 38
Morgan Stanley ABS Capital I Inc. 2005-HE1

Mortgage Pass-Through Certificates

2005-HE1

December 27, 2005 Distribution
Collection Account Report
SUMMARY

								Group 3		Group 2		Group 1		Total
Principal Collections								19,942,989.96		28,448,121.10		17,375,303.26		65,766,414.32
Principal Withrawals								0.00		0.00		0.00		0.00
Principal Other Accounts								0.00		0.00		0.00		0.00
TOTAL NET PRINCIPAL								19,942,989.96		#######		17,375,303.26		65,766,414.32
Interest Collections								1,822,885.03		3,117,605.37		1,770,714.05		6,711,204.45
Interest Withdrawals								-0.00		-0.00		-0.00		-0.00
Interest Other Accounts								0.00		0.00		0.00		1,081,005.80
Interest Fees								-26,922.50		-51,518.76		-20,168.77		-98,610.03
TOTAL NET INTEREST								1,795,962.53		3,066,086.62		1,750,545.29		7,693,600.22
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION								21,738,952.49		31,514,207.72		19,125,848.55		73,460,014.54



PRINCIPAL - COLLECTIONS

									Group 3		Group 2		Group 1		Total
Scheduled Principal Received									244,607.19		423,129.29		267,877.42		935,613.90
Prepayments In Full									19,652,938.27		27,876,742.39		16,983,455.78		64,513,136.44
Curtailments									12,111.61		18,524.35		16,412.03		47,047.99
Liquidations									65,801.42		319,918.65		134,000.50		519,720.57
Insurance Principal									0.00		0.00		0.00		0.00
Repurchased Principal Amounts									0.00		0.00		0.00		0.00
Other Principal									0.00		0.00		0.00		0.00
Total Realized Loss Of Principal									-32,468.53		-190,193.58		-26,442.47		-249,104.58
Delinquent Principal									-209,171.49		-338,097.50		-240,267.34		-787,536.33
Advanced Principal									209,171.49		338,097.50		240,267.34		787,536.33
TOTAL PRINCIPAL COLLECTED									19,942,989.96		28,448,121.10		17,375,303.26		65,766,414.32


PRINCIPAL - WITHDRAWALS

SPACE INTENTIONALLY LEFT BLANK



PRINCIPAL - OTHER ACCOUNTS

								Group 3		Group 2		Group 1		Total
Closing Deposit								0.00		0.00		0.00		0.00
TOTAL OTHER ACCOUNTS PRINCIPAL								0.00		0.00		0.00		0.00





Page 6 of 38
Morgan Stanley ABS Capital I Inc. 2005-HE1

Mortgage Pass-Through Certificates

2005-HE1

December 27, 2005 Distribution

INTEREST - COLLECTIONS

								Group 3		Group 2		Group 1		Total
Scheduled Interest								1,931,173.33		3,292,196.01		1,879,053.53		7,102,422.87
Liquidation Interest								490.77		2,066.14		703.50		3,260.41
Repurchased Interest								0.00		0.00		0.00		0.00
Insurance Interest								0.00		0.00		0.00		0.00
Other Interest								0.00		0.00		0.00		0.00
Relief Act Interest Shortfalls								-0.00		-0.00		-0.00		-0.00
Prepayment Interest Shortfalls								-32,524.16		-53,201.38		-53,278.39		-139,003.93
Compensating Interest								32,524.16		53,201.38		53,278.39		139,003.93
Delinquent Interest								-1,560,294.67		-2,576,746.63		-1,600,200.02		-5,737,241.32
Interest Advanced								1,451,515.60		2,400,089.85		1,491,157.04		5,342,762.49
TOTAL INTEREST COLLECTED								1,822,885.03		3,117,605.37		1,770,714.05		6,711,204.45


INTEREST - WITHDRAWALS

								Group 3		Group 2		Group 1		Total
Nonrecoverable Advances										0.00		0.00		0.00
TOTAL INTEREST WITHDRAWALS								0.00		0.00		0.00		0.00



INTEREST - OTHER ACCOUNTS

								Group 3		Group 2		Group 1		Total
Prepayment Charges														1,081,005.80
TOTAL INTEREST OTHER ACCOUNTS								0.00		0.00		0.00		1,081,005.80



INTEREST - FEES

								Group 3		Group 2		Group 1		Total
Current Servicing Fees								26,193.65		50,293.23		19,474.77		95,961.65
Current Trustee Fees								485.90		817.02		462.66		1,765.59
Current Custodian Fees								242.95		408.51		231.33		882.79
TOTAL INTEREST OTHER FEES								26,922.50		51,518.76		20,168.77		98,610.03




Page 7 of 38
Morgan Stanley ABS Capital I Inc. 2005-HE1

Mortgage Pass-Through Certificates

2005-HE1

December 27, 2005 Distribution
Credit Enhancement Report
ACCOUNTS

SPACE INTENTIONALLY LEFT BLANK



INSURANCE

SPACE INTENTIONALLY LEFT BLANK



STRUCTURAL FEATURES

								Group 3		Group 2		Group 1		Total
Overcollateralization Amount														47,119,832.32
Overcollateralization Target Amount														47,119,832.32
Overcollateralization Deficiency Amount														0.00
Overcollateralization Release Amount														0.00




Page 8 of 38
Morgan Stanley ABS Capital I Inc. 2005-HE1

Mortgage Pass-Through Certificates

2005-HE1

December 27, 2005 Distribution
Collateral Report


COLLATERAL



									Group 3		Group 2		Group 1		Total



Loan Count:


Original								2,090		5,208		3,052		10,350
Prior								1,473		3,918		2,181		7,572
Prefunding								0		0		0		0
Scheduled Paid Offs								-0		-0		-0		-0
Full Voluntary Prepayments								-74		-167		-102		-343
Repurchases								-0		-0		-0		-0
Liquidations								-1		-1		-1		-3
Current								1,398		3,750		2,078		7,226
Principal Balance:


Original								488,767,620.24		769,640,075.49		455,039,626.95		1,713,447,322.68
Prior								323,934,523.16		544,680,022.04		308,442,609.46		1,177,057,154.66
Prefunding								0.00		0.00		0.00		0.00
Scheduled Principal								-244,607.19		-423,129.29		-267,877.42		-935,613.90
Partial Prepayments								-12,111.61		-18,524.35		-16,412.03		-47,047.99
Full Voluntary Prepayments								-19,652,938.27		-27,876,742.39		-16,983,455.78		-64,513,136.44
Repurchases								-0.00		-0.00		-0.00		-0.00
Liquidations								-65,801.42		-319,918.65		-134,000.50		-519,720.57
Current								303,959,064.67		516,041,707.36		291,040,863.73		1,111,041,635.76





PREFUNDING

SPACE INTENTIONALLY LEFT BLANK






Page 9 of 38
Morgan Stanley ABS Capital I Inc. 2005-HE1

Mortgage Pass-Through Certificates

2005-HE1

December 27, 2005 Distribution

CHARACTERISTICS

								Group 3		Group 2		Group 1		Total
Weighted Average Coupon Original								7.16693%		7.27649%		7.38652%		7.27446%
Weighted Average Coupon Prior								7.14677%		7.26259%		7.32374%		7.24688%
Weighted Average Coupon Current								7.15576%		7.25768%		7.31590%		7.24489%
Weighted Average Months to Maturity Original								352		351		351		351
Weighted Average Months to Maturity Prior								342		341		340		341
Weighted Average Months to Maturity Current								341		340		339		340
Weighted Avg Remaining Amortization Term Original								352		351		351		351
Weighted Avg Remaining Amortization Term Prior								342		341		340		341
Weighted Avg Remaining Amortization Term Current								341		340		339		340
Weighted Average Seasoning Original								4.64		4.35		5.20		4.66
Weighted Average Seasoning Prior								13.71		13.52		14.21		13.75
Weighted Average Seasoning Current								14.72		14.52		15.21		14.76









Page 10 of 38
Morgan Stanley ABS Capital I Inc. 2005-HE1

Mortgage Pass-Through Certificates

2005-HE1

December 27, 2005 Distribution

ARM CHARACTERISTICS

								Group 3		Group 2		Group 1		Total
Weighted Average Margin Original								5.68566%		6.03942%		5.70199%		5.85375%
Weighted Average Margin Prior								5.67106%		6.04889%		5.65831%		5.84928%
Weighted Average Margin Current								5.66611%		6.05367%		5.64376%		5.84737%
Weighted Average Max Rate Original								13.70298%		13.92959%		13.43665%		13.73937%
Weighted Average Max Rate Prior								13.64561%		13.89890%		13.37440%		13.69843%
Weighted Average Max Rate Current								13.65546%		13.89303%		13.36234%		13.69621%
Weighted Average Min Rate Original								7.12363%		7.24822%		7.42933%		7.26008%
Weighted Average Min Rate Prior								7.08138%		7.23290%		7.36769%		7.22680%
Weighted Average Min Rate Current								7.09242%		7.22958%		7.35516%		7.22473%
Weighted Average Cap Up Original								1.30346%		1.34515%		1.00358%		1.24554%
Weighted Average Cap Up Prior								1.29842%		1.33542%		1.00324%		1.24129%
Weighted Average Cap Up Current								1.29661%		1.33429%		1.00346%		1.24096%
Weighted Average Cap Down Original								1.30346%		1.34515%		1.00358%		1.24554%
Weighted Average Cap Down Prior								1.29842%		1.33542%		1.00324%		1.24129%
Weighted Average Cap Down Current								1.29661%		1.33429%		1.00346%		1.24096%




SERVICING FEES & ADVANCES

									Group 3		Group 2		Group 1		Total




Current Servicing Fees								26,193.65		50,293.23		19,474.77		95,961.65
Delinquent Servicing Fees								108,779.07		176,656.78		109,042.99		394,478.84
TOTAL SERVICING FEES								134,972.72		226,950.01		128,517.76		490,440.49


Compensating Interest								-32,524.16		-53,201.38		-53,278.39		-139,003.93
Delinquent Servicing Fees								-108,779.07		-176,656.78		-109,042.99		-394,478.84
COLLECTED SERVICING FEES								-6,330.51		-2,908.14		-33,803.62		-43,042.27


Aggregate Advances with respect to this Distribution								487,857.62		621,492.52		483,572.86		1,105,065.37





ADDITIONAL COLLATERAL INFORMATION
								Group 3		Group 2		Group 1		Total
Net Prepayment Interest Shortfall								0.00		0.00		0.00		0.00
Libor For Current Period														4.191300%




Page 11 of 38
Morgan Stanley ABS Capital I Inc. 2005-HE1

Mortgage Pass-Through Certificates

2005-HE1

December 27, 2005 Distribution
Delinquency Report

	TOTAL
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				27,060,152.65		13,122,963.57		4,499,061.97		44,682,178.19
			% Balance				2.44%		1.18%		0.40%		4.02%
			# Loans				205		80		34		319
			% # Loans				2.84%		1.11%		0.47%		4.41%
	FORECLOSURE		Balance		208,355.19		823,098.21		3,743,615.72		17,360,425.84		22,135,494.96
			% Balance		0.02%		0.07%		0.34%		1.56%		1.99%
			# Loans		2		5		28		126		161
			% # Loans		0.03%		0.07%		0.39%		1.74%		2.23%
	BANKRUPTCY		Balance		6,434,378.06		515,615.64		1,314,914.30		8,032,618.45		16,297,526.45
			% Balance		0.58%		0.05%		0.12%		0.72%		1.47%
			# Loans		49		5		11		59		124
			% # Loans		0.68%		0.07%		0.15%		0.82%		1.72%
	REO		Balance		0.00		0.00		0.00		3,464,608.43		3,464,608.43
			% Balance		0.00%		0.00%		0.00%		0.31%		0.31%
			# Loans		0		0		0		26		26
			% # Loans		0.00%		0.00%		0.00%		0.36%		0.36%
	TOTAL		Balance		6,642,733.25		28,398,866.50		18,181,493.59		33,356,714.69		86,579,808.03
			% Balance		0.60%		2.56%		1.64%		3.00%		7.79%
			# Loans		51		215		119		245		630
			% # Loans		0.71%		2.98%		1.65%		3.39%		8.72%








Page 12 of 38
Morgan Stanley ABS Capital I Inc. 2005-HE1

Mortgage Pass-Through Certificates

2005-HE1

December 27, 2005 Distribution


	GROUP 1
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				7,003,746.96		3,882,507.81		1,841,138.06		12,727,392.83
			% Balance				2.41%		1.33%		0.63%		4.37%
			# Loans				54		28		13		95
			% # Loans				2.60%		1.35%		0.63%		4.57%
	FORECLOSURE		Balance		208,355.19		162,642.71		51,550.91		5,321,243.45		5,743,792.26
			% Balance		0.07%		0.06%		0.02%		1.83%		1.97%
			# Loans		2		1		1		37		41
			% # Loans		0.10%		0.05%		0.05%		1.78%		1.97%
	BANKRUPTCY		Balance		2,413,564.54		107,996.74		443,453.48		1,764,441.99		4,729,456.75
			% Balance		0.83%		0.04%		0.15%		0.61%		1.63%
			# Loans		15		1		2		13		31
			% # Loans		0.72%		0.05%		0.10%		0.63%		1.49%
	REO		Balance		0.00		0.00		0.00		323,714.13		323,714.13
			% Balance		0.00%		0.00%		0.00%		0.11%		0.11%
			# Loans		0		0		0		4		4
			% # Loans		0.00%		0.00%		0.00%		0.19%		0.19%
	TOTAL		Balance		2,621,919.73		7,274,386.41		4,377,512.20		9,250,537.63		23,524,355.97
			% Balance		0.90%		2.50%		1.50%		3.18%		8.08%
			# Loans		17		56		31		67		171
			% # Loans		0.82%		2.69%		1.49%		3.22%		8.23%










Page 13 of 38
Morgan Stanley ABS Capital I Inc. 2005-HE1

Mortgage Pass-Through Certificates

2005-HE1

December 27, 2005 Distribution

	GROUP 2
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				13,980,323.47		4,451,445.69		1,695,332.99		20,127,102.15
			% Balance				2.71%		0.86%		0.33%		3.90%
			# Loans				114		30		15		159
			% # Loans				3.04%		0.80%		0.40%		4.24%
	FORECLOSURE		Balance		0.00		660,455.50		3,153,302.59		6,474,666.23		10,288,424.32
			% Balance		0.00%		0.13%		0.61%		1.25%		1.99%
			# Loans		0		4		24		58		86
			% # Loans		0.00%		0.11%		0.64%		1.55%		2.29%
	BANKRUPTCY		Balance		3,326,758.17		265,326.15		692,758.29		4,588,961.69		8,873,804.30
			% Balance		0.64%		0.05%		0.13%		0.89%		1.72%
			# Loans		27		3		7		35		72
			% # Loans		0.72%		0.08%		0.19%		0.93%		1.92%
	REO		Balance		0.00		0.00		0.00		1,228,312.94		1,228,312.94
			% Balance		0.00%		0.00%		0.00%		0.24%		0.24%
			# Loans		0		0		0		10		10
			% # Loans		0.00%		0.00%		0.00%		0.27%		0.27%
	TOTAL		Balance		3,326,758.17		14,906,105.12		8,297,506.57		13,987,273.85		40,517,643.71
			% Balance		0.64%		2.89%		1.61%		2.71%		7.85%
			# Loans		27		121		61		118		327
			% # Loans		0.72%		3.23%		1.63%		3.15%		8.72%










Page 14 of 38
Morgan Stanley ABS Capital I Inc. 2005-HE1

Mortgage Pass-Through Certificates

2005-HE1

December 27, 2005 Distribution

	GROUP 3
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				6,076,082.22		4,789,010.07		962,590.92		11,827,683.21
			% Balance				2.00%		1.58%		0.32%		3.89%
			# Loans				37		22		6		65
			% # Loans				2.65%		1.57%		0.43%		4.65%
	FORECLOSURE		Balance		0.00		0.00		538,762.22		5,564,516.16		6,103,278.38
			% Balance		0.00%		0.00%		0.18%		1.83%		2.01%
			# Loans		0		0		3		31		34
			% # Loans		0.00%		0.00%		0.21%		2.22%		2.43%
	BANKRUPTCY		Balance		694,055.35		142,292.75		178,702.53		1,679,214.77		2,694,265.40
			% Balance		0.23%		0.05%		0.06%		0.55%		0.89%
			# Loans		7		1		2		11		21
			% # Loans		0.50%		0.07%		0.14%		0.79%		1.50%
	REO		Balance		0.00		0.00		0.00		1,912,581.36		1,912,581.36
			% Balance		0.00%		0.00%		0.00%		0.63%		0.63%
			# Loans		0		0		0		12		12
			% # Loans		0.00%		0.00%		0.00%		0.86%		0.86%
	TOTAL		Balance		694,055.35		6,218,374.97		5,506,474.82		10,118,903.21		22,537,808.35
			% Balance		0.23%		2.05%		1.81%		3.33%		7.41%
			# Loans		7		38		27		60		132
			% # Loans		0.50%		2.72%		1.93%		4.29%		9.44%









Page 15 of 38
Morgan Stanley ABS Capital I Inc. 2005-HE1

Mortgage Pass-Through Certificates

2005-HE1

December 27, 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
14053532 1
			97,740.00		96,904.20		01-Jan-2005		9.050%		GA - 90.00%		360		01-Oct-2004

14057228 1			71,500.00		71,041.85		01-Jun-2005		10.450%		TN - 65.00%		360		01-Oct-2004
14093165 1			80,750.00		79,978.65		01-Jun-2005		8.500%		TN - 95.00%		360		01-Oct-2004
14167324 1			76,500.00		75,789.43		01-Jan-2005		8.640%		MI - 90.00%		360		01-Oct-2004
37851646 2			152,000.00		149,854.71		01-Nov-2004		6.490%		CO - 80.00%		360		01-Oct-2004
37855086 2			85,000.00		84,514.77		01-Nov-2004		10.999%		MI - 85.00%		360		01-Oct-2004
38032774 2			218,400.00		216,059.19		01-Dec-2004		7.550%		RI - 80.00%		360		01-Oct-2004
38038887 2			96,800.00		95,792.40		01-Mar-2005		7.700%		MI - 80.00%		360		01-Oct-2004
322812272 2			121,550.00		120,267.27		01-May-2005		8.000%		GA - 85.00%		360		01-Oct-2004
322816877 2			172,000.00		169,909.79		01-Dec-2004		6.900%		CO - 80.00%		360		01-Nov-2004
322829318 2			137,600.00		135,673.21		01-Jan-2005		6.150%		GA - 80.00%		360		01-Nov-2004
322829490 2			78,400.00		77,737.61		01-Nov-2004		8.750%		MI - 80.00%		360		01-Nov-2004
322835299 2			126,000.00		124,880.61		01-Dec-2004		8.500%		MI - 90.00%		360		01-Nov-2004
322848508 2			53,900.00		53,623.38		01-Jan-2005		11.700%		IN - 70.00%		360		01-Nov-2004
13923156 3			488,000.00		488,000.00		01-Apr-2005		7.100%		CA - 80.00%		360		01-Sep-2004
14039036 3			65,731.00		65,145.71		01-Jan-2005		8.850%		IN - 80.00%		360		01-Oct-2004
14120380 3			106,000.00		104,778.88		01-Apr-2005		7.550%		GA - 84.80%		360		01-Oct-2004
14131957 3			61,600.00		60,975.36		01-Jan-2005		8.200%		CO - 80.00%		360		01-Oct-2004
38032278 3			87,920.00		86,860.70		01-Dec-2004		6.950%		MN - 75.15%		360		01-Oct-2004
38036183 3			123,200.00		122,249.90		01-Mar-2005		9.200%		GA - 80.00%		360		01-Oct-2004
322813361 3			78,750.00		78,255.92		01-Mar-2005		10.200%		MI - 75.00%		360		01-Nov-2004
322818055 3			195,000.00		193,268.33		01-Mar-2005		8.750%		CO - 74.71%		360		01-Nov-2004
322819897 3			193,500.00		190,914.51		01-Mar-2005		6.400%		RI - 90.00%		360		01-Nov-2004
322828351 3			344,000.00		340,707.05		01-Mar-2005		8.125%		CA - 80.00%		360		01-Nov-2004
322845652 3			80,000.00		79,282.18		01-Nov-2004		8.450%		KS - 80.00%		360		01-Nov-2004
322847302 3			103,500.00		102,142.82		01-Nov-2004		6.500%		MI - 76.10%		360		01-Nov-2004


TOTAL			3,495,341.00		3,464,608.43


Page 16 of 38
Morgan Stanley ABS Capital I Inc. 2005-HE1

Mortgage Pass-Through Certificates

2005-HE1

December 27, 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
13634001 1
			98,000.00		96,259.52		01-Jul-2005		5.990%		MI - 80.00%		360		01-Aug-2004

13901921 1			89,520.00		88,535.82		01-May-2005		8.150%		KY - 80.00%		360		01-Sep-2004
13939061 1			236,000.00		234,183.84		01-Jan-2005		9.900%		MI - 80.00%		360		01-Sep-2004
13960224 1			68,800.00		68,007.90		01-Jul-2005		7.900%		MI - 80.00%		360		01-Sep-2004
13980149 1			192,000.00		189,916.22		01-Jan-2005		8.200%		GA - 80.00%		360		01-Sep-2004
14009484 1			136,000.00		134,172.77		01-Jan-2005		6.750%		OH - 80.00%		360		01-Oct-2004
14031140 1			77,200.00		76,412.18		01-May-2005		8.190%		WI - 80.00%		360		01-Oct-2004
14034573 1			52,500.00		52,144.89		01-Apr-2005		10.190%		IN - 75.00%		360		01-Oct-2004
14044903 1			183,750.00		180,973.30		01-May-2005		6.125%		NY - 75.00%		360		01-Oct-2004
14075527 1			145,730.00		143,677.20		01-Mar-2005		6.500%		CO - 95.00%		360		01-Oct-2004
14081608 1			96,000.00		95,207.00		01-May-2005		9.250%		MI - 80.00%		360		01-Oct-2004
14084404 1			70,000.00		69,389.18		01-Feb-2005		8.950%		MI - 72.92%		360		01-Oct-2004
14085369 1			51,000.00		50,545.84		01-Apr-2005		8.850%		TX - 53.68%		360		01-Oct-2004
14092589 1			146,250.00		144,737.54		01-Jun-2005		8.100%		MA - 75.00%		360		01-Oct-2004
14101679 1			250,000.00		246,444.99		01-Jul-2005		6.450%		CT - 54.95%		360		01-Oct-2004
14109607 1			161,150.00		159,715.25		01-Jan-2005		8.850%		NJ - 74.99%		360		01-Oct-2004
14112916 1			126,000.00		124,836.38		01-May-2005		8.950%		OH - 90.00%		360		01-Oct-2004
14114441 1			69,000.00		66,977.36		01-Apr-2005		7.200%		FL - 75.00%		240		01-Oct-2004
14114615 1			196,000.00		194,289.82		01-Dec-2004		8.950%		MA - 78.40%		360		01-Oct-2004
14117535 1			310,500.00		306,912.10		01-Jul-2005		7.740%		NJ - 90.00%		360		01-Oct-2004
14117824 1			101,610.00		100,674.11		01-Feb-2005		8.390%		IA - 90.00%		360		01-Nov-2004
14118004 1			286,300.00		283,033.77		01-Jun-2005		7.600%		NJ - 69.83%		360		01-Oct-2004
14118046 1			80,000.00		79,402.52		01-Feb-2005		9.750%		ME - 77.67%		360		01-Oct-2004
14121115 1			174,500.00		172,825.32		01-Jan-2005		8.490%		OH - 89.49%		360		01-Oct-2004
14128540 1			288,900.00		285,127.59		01-Jan-2005		6.900%		MA - 90.00%		360		01-Oct-2004
14130918 1			420,000.00		416,067.25		01-Jun-2005		8.600%		NY - 60.00%		360		01-Oct-2004
14133805 1			165,000.00		162,642.71		01-Sep-2005		6.500%		MA - 74.32%		360		01-Oct-2004
14134431 1			67,500.00		66,581.91		01-Mar-2005		6.850%		OH - 51.92%		360		01-Oct-2004
14135586 1			50,000.00		49,288.05		01-Jul-2005		6.550%		MA - 62.50%		360		01-Oct-2004
14147110 1			95,000.00		94,249.66		01-Jul-2005		9.440%		ME - 69.34%		360		01-Oct-2004
14153050 1			96,000.00		95,310.35		01-Jan-2005		9.900%		WI - 80.00%		360		01-Oct-2004
14153324 1			132,000.00		130,403.90		01-Feb-2005		7.300%		MA - 80.00%		360		01-Oct-2004
14154728 1			52,000.00		51,550.91		01-Aug-2005		9.000%		TN - 80.00%		360		01-Oct-2004
14155469 1			81,000.00		80,218.57		01-Jan-2005		8.450%		OH - 90.00%		360		01-Oct-2004
14158489 1			176,900.00		175,087.11		01-Jun-2005		8.400%		OH - 68.04%		360		01-Oct-2004
14158893 1			114,750.00		113,651.68		01-Feb-2005		8.490%		MA - 85.00%		360		01-Oct-2004
14160741 1			50,000.00		49,401.13		01-Oct-2005		7.350%		DE - 73.53%		360		01-Oct-2004
14167035 1			160,550.00		158,954.06		01-Oct-2005		8.300%		VT - 95.00%		360		01-Oct-2004
14167225 1			179,350.00		177,362.85		01-Jun-2005		7.750%		FL - 85.00%		360		01-Oct-2004
14172530 1			138,000.00		136,198.02		01-Jun-2005		6.900%		MA - 61.33%		360		01-Oct-2004
14186324 1			143,910.00		142,421.69		01-Jul-2005		8.100%		IL - 90.00%		360		01-Oct-2004
37851342 2			45,000.00		44,569.17		01-Jun-2005		8.490%		NY - 90.00%		360		01-Oct-2004
37851390 2			77,000.00		76,123.66		01-Apr-2005		7.959%		IN - 100.00%		360		01-Sep-2004
37851790 2			125,400.00		125,397.64		01-Aug-2005		7.990%		TX - 80.00%		360		01-Sep-2004
37851886 2			121,500.00		120,168.54		01-Mar-2005		7.990%		KY - 90.00%		360		01-Oct-2004
37854654 2			74,745.00		73,785.63		01-Aug-2005		6.990%		TX - 55.00%		360		01-Oct-2004
37856454 2			99,450.00		98,537.12		01-Jul-2005		8.699%		IN - 85.00%		360		01-Oct-2004
38028606 2			72,800.00		72,015.00		01-Sep-2005		7.850%		TN - 76.63%		360		01-Oct-2004
38029222 2			60,300.00		59,867.12		01-Nov-2004		9.550%		SC - 88.68%		360		01-Oct-2004


Page 17 of 38
Morgan Stanley ABS Capital I Inc. 2005-HE1

Mortgage Pass-Through Certificates

2005-HE1

December 27, 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
38030302 2
			76,500.00		75,566.77		01-Aug-2005		6.900%		TN - 85.00%		360		01-Oct-2004

38030654 2			128,500.00		127,081.93		01-Aug-2005		7.400%		CA - 41.45%		360		01-Nov-2004
38031958 2			103,200.00		102,266.73		01-Aug-2005		8.500%		IA - 80.00%		360		01-Nov-2004
38032014 2			56,000.00		55,131.78		01-May-2005		5.600%		OH - 68.71%		360		01-Oct-2004
38032166 2			184,000.00		181,628.17		01-Aug-2005		6.590%		KY - 87.62%		360		01-Oct-2004
38032782 2			51,750.00		51,308.27		01-Jun-2005		8.700%		KY - 75.00%		360		01-Oct-2004
38033214 2			94,500.00		93,524.04		01-Jul-2005		7.740%		TN - 90.00%		360		01-Oct-2004
38033310 2			66,320.00		65,602.21		01-Mar-2005		7.500%		OH - 79.90%		360		01-Oct-2004
38033470 2			179,250.00		178,116.73		01-Sep-2005		10.900%		FL - 75.00%		360		01-Sep-2004
38033934 2			111,000.00		109,970.97		01-Aug-2005		8.650%		OR - 75.00%		360		01-Oct-2004
38034382 2			61,200.00		60,705.84		01-Aug-2005		9.350%		MI - 85.00%		360		01-Oct-2004
38035159 2			212,000.00		209,146.18		01-Jul-2005		6.750%		TX - 79.10%		360		01-Oct-2004
38035767 2			84,500.00		82,844.25		01-Feb-2005		5.800%		MD - 66.54%		360		01-Jun-2004
38036967 2			189,000.00		187,070.97		01-Sep-2005		7.800%		GA - 90.00%		360		01-Oct-2004
38037591 2			58,500.00		57,885.07		01-Mar-2005		7.650%		OH - 90.00%		360		01-Oct-2004
38038295 2			50,001.00		49,547.78		01-Jun-2005		8.600%		PA - 76.92%		360		01-Oct-2004
38038391 2			160,800.00		158,389.94		01-Aug-2005		6.900%		WI - 80.00%		360		01-Oct-2004
38038943 2			129,900.00		128,395.38		01-Jun-2005		7.150%		KY - 94.13%		360		01-Oct-2004
38039015 2			104,400.00		99,487.23		01-Feb-2005		6.940%		PA - 90.00%		180		01-Oct-2004
38039023 2			73,200.00		72,262.28		01-Aug-2005		6.640%		ID - 79.57%		360		01-Oct-2004
38039463 2			98,100.00		96,982.86		01-May-2005		7.240%		LA - 89.18%		360		01-Oct-2004
38040207 2			116,000.00		114,194.22		01-May-2005		9.740%		WI - 80.00%		360		01-Oct-2004
38040671 2			62,910.00		62,186.95		01-Aug-2005		7.190%		ID - 90.00%		360		01-Oct-2004
38041567 2			95,000.00		94,093.20		01-Aug-2005		8.140%		VA - 95.00%		360		01-Nov-2004
38042079 2			76,500.00		75,634.25		01-Aug-2005		7.440%		AZ - 90.00%		360		01-Nov-2004
38042215 2			50,000.00		49,622.10		01-Jul-2005		9.300%		MO - 83.33%		360		01-Nov-2004
38042648 2			169,100.00		167,080.11		01-Aug-2005		6.990%		CO - 95.00%		360		01-Nov-2004
38679760 2			136,800.00		134,871.61		01-Mar-2005		7.499%		IN - 80.00%		360		01-Jul-2004
322812249 2			124,000.00		122,742.64		01-Apr-2005		8.200%		OH - 80.00%		360		01-Oct-2004
322812280 2			133,250.00		132,231.64		01-Jun-2005		9.600%		PA - 65.00%		360		01-Oct-2004
322812306 2			126,000.00		124,796.49		01-Apr-2005		8.500%		NY - 84.00%		360		01-Oct-2004
322812546 2			221,100.00		221,039.94		01-Aug-2005		6.520%		MO - 78.96%		360		01-Aug-2004
322812843 2			306,000.00		302,623.05		01-Apr-2005		7.400%		NJ - 87.68%		360		01-Nov-2004
322813569 2			98,320.00		96,881.67		01-Apr-2005		6.300%		IL - 80.00%		360		01-Oct-2004
322813577 2			24,580.00		24,159.06		01-May-2005		11.600%		IL - 20.00%		240		01-Oct-2004
322815333 2			102,960.00		102,220.84		01-May-2005		9.550%		TX - 80.00%		360		01-Nov-2004
322816091 2			97,600.00		96,480.40		01-Apr-2005		7.200%		NJ - 80.00%		360		01-Nov-2004
322816679 2			206,440.00		204,094.60		01-Jun-2005		7.250%		HI - 80.00%		360		01-Nov-2004
322817347 2			234,000.00		231,982.88		01-Apr-2005		8.650%		AR - 90.00%		360		01-Nov-2004
322818444 2			39,000.00		38,260.79		01-Jun-2005		10.700%		WA - 20.00%		240		01-Nov-2004
322820325 2			61,600.00		61,309.48		01-Jun-2005		11.550%		CA - 20.00%		360		01-Nov-2004
322821901 2			54,400.00		54,065.69		01-Apr-2005		10.300%		ND - 85.00%		360		01-Nov-2004
322822222 2			50,000.00		48,868.71		01-Jul-2005		8.775%		TX - 64.94%		240		01-Nov-2004
322824111 2			304,000.00		304,000.00		01-Aug-2005		6.400%		CA - 80.00%		360		01-Nov-2004
322827601 2			169,600.00		167,673.08		01-Feb-2005		7.250%		GA - 80.00%		360		01-Nov-2004
322828534 2			125,800.00		124,721.06		01-Aug-2005		8.675%		TX - 85.00%		360		01-Nov-2004
322828898 2			124,100.00		122,926.30		01-Nov-2004		8.550%		OH - 85.00%		360		01-Oct-2004
322830118 2			112,500.00		112,498.75		01-Aug-2005		8.100%		TN - 90.00%		360		01-Nov-2004
322832031 2			123,250.00		122,072.19		01-Jul-2005		8.488%		IL - 85.00%		360		01-Nov-2004
322832205 2			86,400.00		85,722.52		01-May-2005		9.125%		TX - 79.63%		360		01-Nov-2004
322832585 2			59,000.00		58,382.87		01-Jul-2005		7.675%		OH - 78.67%		360		01-Nov-2004


Page 18 of 38
Morgan Stanley ABS Capital I Inc. 2005-HE1

Mortgage Pass-Through Certificates

2005-HE1

December 27, 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
322832858 2
			110,700.00		109,399.76		01-Jun-2005		7.450%		MI - 90.00%		360		01-Oct-2004

322833864 2			109,650.00		108,821.52		01-Jun-2005		9.300%		OH - 85.00%		360		01-Nov-2004
322834664 2			66,000.00		65,480.54		01-Aug-2005		9.100%		KS - 84.40%		360		01-Nov-2004
322835257 2			134,100.00		133,022.99		01-Dec-2004		9.000%		MD - 74.50%		360		01-Nov-2004
322835919 2			171,000.00		171,000.00		01-Jun-2005		7.950%		MI - 90.00%		360		01-Nov-2004
322836172 2			80,000.00		79,082.17		01-Apr-2005		7.200%		IL - 80.00%		360		01-Nov-2004
322837279 2			123,200.00		121,954.87		01-Aug-2005		7.850%		MI - 80.00%		360		01-Nov-2004
322837592 2			76,800.00		75,816.55		01-Jan-2005		6.625%		TX - 80.00%		360		01-Nov-2004
322838368 2			175,500.00		173,940.95		01-Apr-2005		8.500%		IL - 90.00%		360		01-Nov-2004
322838525 2			108,750.00		107,656.24		01-Mar-2005		7.875%		IN - 75.00%		360		01-Nov-2004
322838582 2			84,000.00		83,195.91		01-Mar-2005		8.125%		TX - 80.00%		360		01-Nov-2004
322838699 2			305,000.00		302,001.57		01-Jul-2005		8.200%		MN - 85.92%		360		01-Nov-2004
322839374 2			67,500.00		66,917.31		01-May-2005		8.650%		IN - 90.00%		360		01-Nov-2004
322840158 2			127,500.00		126,556.16		01-May-2005		9.400%		GA - 85.00%		360		01-Nov-2004
322840851 2			80,550.00		79,798.18		01-Jul-2005		8.250%		NE - 90.00%		360		01-Nov-2004
322841040 2			83,000.00		81,991.39		01-Aug-2005		6.900%		KY - 64.84%		360		01-Nov-2004
322841321 2			166,400.00		166,400.00		01-May-2005		6.350%		CO - 80.00%		360		01-Nov-2004
322842535 2			106,250.00		105,140.10		01-Aug-2005		8.050%		KY - 85.00%		360		01-Oct-2004
322842907 2			51,000.00		50,537.78		01-Mar-2005		8.400%		NJ - 85.00%		360		01-Nov-2004
322842949 2			180,000.00		177,811.46		01-Aug-2005		6.900%		HI - 67.92%		360		01-Nov-2004
322844093 2			226,000.00		223,252.80		01-Sep-2005		6.900%		NV - 67.46%		360		01-Nov-2004
322846056 2			356,250.00		352,614.07		01-Aug-2005		7.800%		HI - 75.00%		360		01-Nov-2004
322846270 2			229,600.00		227,335.97		01-Jul-2005		7.975%		CO - 70.00%		360		01-Nov-2004
322847021 2			253,000.00		250,417.76		01-Jul-2005		7.800%		NY - 61.71%		360		01-Nov-2004
322850843 2			51,000.00		50,403.52		01-Jul-2005		7.100%		OH - 85.00%		360		01-Nov-2004
322851353 2			98,400.00		97,467.33		01-Jul-2005		8.175%		TX - 80.00%		360		01-Nov-2004
322852005 2			132,300.00		129,591.07		01-Jul-2005		6.750%		FL - 90.00%		360		01-Nov-2004
13849534 3			136,000.00		134,690.47		01-Jul-2005		8.800%		MI - 94.44%		360		01-Sep-2004
13965322 3			337,450.00		334,901.00		01-Jul-2005		9.990%		NY - 85.00%		360		01-Sep-2004
14089288 3			72,000.00		71,601.99		01-Jun-2005		11.150%		MI - 90.00%		360		01-Oct-2004
14099212 3			975,000.00		961,522.43		01-May-2005		6.600%		CA - 75.00%		360		01-Oct-2004
14120265 3			114,800.00		114,025.04		01-Jun-2005		10.200%		MO - 80.00%		360		01-Oct-2004
14133714 3			280,000.00		275,208.94		01-May-2005		5.450%		MA - 86.15%		360		01-Oct-2004
14147169 3			119,700.00		118,434.92		01-Jan-2005		7.990%		CT - 90.00%		360		01-Oct-2004
14157358 3			64,000.00		63,353.43		01-May-2005		8.350%		MA - 80.00%		360		01-Oct-2004
14157697 3			131,750.00		130,392.23		01-Mar-2005		8.240%		MA - 85.00%		360		01-Oct-2004
37853102 3			66,600.00		65,964.86		01-May-2005		8.509%		IN - 90.00%		360		01-Oct-2004
38030782 3			288,800.00		286,049.21		01-Jun-2005		8.150%		MN - 80.00%		360		01-Oct-2004
38042159 3			97,300.00		96,433.61		01-May-2005		8.490%		SD - 70.00%		360		01-Nov-2004
322812413 3			204,500.00		202,756.07		01-Apr-2005		9.400%		IL - 79.26%		360		01-Sep-2004
322818147 3			280,000.00		276,788.09		01-May-2005		7.200%		CA - 80.00%		360		01-Nov-2004
322818170 3			159,000.00		157,424.44		01-Jul-2005		7.950%		IL - 75.00%		360		01-Nov-2004
322819855 3			85,500.00		84,609.95		01-Mar-2005		7.700%		TX - 90.00%		360		01-Nov-2004
322827494 3			378,100.00		374,353.28		01-May-2005		7.950%		NY - 95.00%		360		01-Nov-2004
322830332 3			55,250.00		54,848.84		01-Jul-2005		9.850%		IN - 85.00%		360		01-Oct-2004
322831298 3			75,650.00		74,885.34		01-Jul-2005		7.850%		OH - 85.00%		360		01-Nov-2004
322834037 3			113,625.00		112,308.84		01-Feb-2005		7.150%		ME - 75.00%		360		01-Nov-2004
322834581 3			110,500.00		109,264.71		01-May-2005		8.500%		FL - 85.00%		360		01-Oct-2004
322836271 3			70,400.00		69,924.88		01-Mar-2005		9.850%		TX - 80.00%		360		01-Nov-2004
322837550 3			386,000.00		382,286.78		01-Aug-2005		8.100%		CA - 78.78%		360		01-Nov-2004
322839028 3			67,500.00		66,889.68		01-Aug-2005		9.550%		NC - 90.00%		360		01-Nov-2004


Page 19 of 38
Morgan Stanley ABS Capital I Inc. 2005-HE1

Mortgage Pass-Through Certificates

2005-HE1

December 27, 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
322841156 3
			378,750.00		374,159.94		01-Jul-2005		6.950%		MN - 75.00%		360		01-Nov-2004

322842121 3			144,000.00		142,955.39		01-Mar-2005		9.500%		TX - 80.00%		360		01-Nov-2004
322842212 3			193,500.00		191,258.73		01-May-2005		7.150%		NJ - 90.00%		360		01-Nov-2004
322842980 3			112,000.00		110,452.60		01-Feb-2005		6.350%		PA - 70.00%		360		01-Nov-2004
322843095 3			90,400.00		89,585.76		01-Aug-2005		8.500%		ID - 80.00%		360		01-Nov-2004
322845066 3			60,010.00		59,583.51		01-Jul-2005		9.600%		IN - 85.00%		360		01-Nov-2004
322846494 3			64,000.00		63,464.70		01-Apr-2005		8.800%		SC - 80.00%		360		01-Nov-2004
322846817 3			292,500.00		289,543.83		01-Jul-2005		7.850%		MA - 75.00%		360		01-Nov-2004
322846916 3			90,000.00		89,239.64		01-Jul-2005		8.750%		MI - 58.82%		360		01-Nov-2004
322852104 3			74,800.00		74,115.25		01-Jan-2005		8.350%		SC - 85.00%		360		01-Nov-2004


TOTAL			22,370,531.00		22,135,494.96


Page 20 of 38
Morgan Stanley ABS Capital I Inc. 2005-HE1

Mortgage Pass-Through Certificates

2005-HE1

December 27, 2005 Distribution
Prepayment Report

VOLUNTARY PREPAYMENTS


									Group 3		Group 2		Group 1		Total




Current


Number of Paid in Full Loans								74		167		102		343
Number of Repurchased Loans								0		0		0		0
Total Number of Loans Prepaid in Full								74		167		102		343
Curtailments Amount								12,111.61		18,524.35		16,412.03		47,047.99
Paid in Full Balance								19,652,938.27		27,876,742.39		16,983,455.78		64,513,136.44
Repurchased Loans Balance								0.00		0.00		0.00		0.00
Total Prepayment Amount								19,665,049.88		27,895,266.74		16,999,867.81		64,560,184.43

Cumulative


Number of Paid in Full Loans								691		1,453		972		3,116
Number of Repurchased Loans								3		3		0		6
Total Number of Loans Prepaid in Full								694		1,456		972		3,122
Paid in Full Balance								180,504,377.31		246,481,557.20		159,755,089.64		586,741,024.15
Repurchased Loans Balance								641,063.85		749,138.61		0.00		1,390,202.46
Curtailments Amount								258,366.81		-94,729.66		258,428.11		422,065.26
Total Prepayment Amount								181,403,807.97		247,135,966.15		160,013,517.75		588,553,291.87










Page 21 of 38
Morgan Stanley ABS Capital I Inc. 2005-HE1

Mortgage Pass-Through Certificates

2005-HE1

December 27, 2005 Distribution

VOLUNTARY PREPAYMENTS RATES


									Group 3		Group 2		Group 1		Total



SMM								6.10%		5.18%		5.56%		5.53%
3 Months Avg SMM								5.53%		5.08%		5.63%		5.35%
12 Months Avg SMM								4.16%		3.50%		3.90%		3.79%
Avg SMM Since Cut-off								4.16%		3.50%		3.90%		3.79%


CPR								52.99%		47.21%		49.66%		49.49%
3 Months Avg CPR								49.50%		46.49%		50.10%		48.29%
12 Months Avg CPR								39.91%		34.76%		37.97%		37.08%
Avg CPR Since Cut-off								39.91%		34.76%		37.97%		37.08%


PSA								1,799.43%		1,625.63%		1,632.64%		1,677.10%
3 Months Avg PSA Approximation								1,804.71%		1,719.58%		1,763.32%		1,755.79%
12 Months Avg PSA Approximation								2,058.11%		1,832.12%		1,860.66%		1,904.70%
Avg PSA Since Cut-off Approximation								2,058.11%		1,832.11%		1,860.66%		1,904.70%










Page 22 of 38
Morgan Stanley ABS Capital I Inc. 2005-HE1

Mortgage Pass-Through Certificates

2005-HE1

December 27, 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 23 of 38
Morgan Stanley ABS Capital I Inc. 2005-HE1

Mortgage Pass-Through Certificates

2005-HE1

December 27, 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

13447073 1			210,000.00		206,010.79			21-Nov-2005		5.590%		CA - 80.00%		Paid Off - 360		01-Jul-2004

13730965 3			53,900.00		53,559.86			29-Nov-2005		10.850%		OH - 70.00%		Paid Off - 360		01-Aug-2004
13791116 1			108,000.00		106,007.80			30-Nov-2005		5.750%		NH - 63.53%		Paid Off - 360		01-Jul-2004
13792213 1			162,400.00		160,722.93			01-Nov-2005		8.490%		NC - 80.00%		Paid Off - 360		01-Aug-2004
13793062 3			268,000.00		264,882.53			07-Nov-2005		7.500%		NJ - 80.00%		Paid Off - 360		01-Sep-2004
13794771 1			270,000.00		265,785.10			01-Nov-2005		5.950%		CA - 54.00%		Paid Off - 360		01-Sep-2004
13877774 1			265,000.00		262,047.05			03-Nov-2005		7.350%		NY - 55.21%		Paid Off - 360		01-Oct-2004
13896519 3			257,500.00		253,733.90			02-Nov-2005		6.300%		CA - 55.98%		Paid Off - 360		01-Sep-2004
13900626 3			94,520.00		93,963.30			22-Nov-2005		10.850%		MT - 68.00%		Paid Off - 360		01-Sep-2004
13912688 1			75,075.00		74,613.84			01-Nov-2005		10.650%		WA - 26.34%		Paid Off - 360		01-Sep-2004
13932066 1			248,000.00		245,580.14			25-Nov-2005		8.400%		NY - 80.00%		Paid Off - 360		01-Sep-2004
13933072 1			78,000.00		76,916.09			22-Nov-2005		6.600%		NH - 61.42%		Paid Off - 360		01-Sep-2004
13938501 1			129,500.00		127,435.30			21-Nov-2005		6.250%		RI - 74.00%		Paid Off - 360		01-Sep-2004
13942107 3			80,000.00		79,069.42			23-Nov-2005		7.500%		TX - 55.75%		Paid Off - 360		01-Sep-2004
13952130 1			96,000.00		94,891.18			25-Nov-2005		7.750%		FL - 80.00%		Paid Off - 360		01-Sep-2004
13952262 1			140,000.00		137,917.50			04-Nov-2005		6.350%		FL - 50.91%		Paid Off - 360		01-Sep-2004
13981543 1			154,375.00		152,944.04			15-Nov-2005		8.650%		FL - 95.00%		Paid Off - 360		01-Sep-2004
13984133 1			114,795.00		113,825.26			07-Nov-2005		8.750%		TX - 90.00%		Paid Off - 360		01-Oct-2004
13984489 1			100,800.00		100,060.71			04-Nov-2005		9.800%		FL - 80.00%		Paid Off - 360		01-Sep-2004
13984778 1			95,000.00		94,030.38			11-Nov-2005		7.800%		NE - 76.00%		Paid Off - 360		01-Oct-2004
14009161 3			512,000.00		506,115.48			30-Nov-2005		7.190%		MA - 80.00%		Paid Off - 360		01-Oct-2004
14009328 1			60,060.00		59,637.34			08-Nov-2005		10.000%		TX - 66.00%		Paid Off - 360		01-Sep-2004
14010672 1			98,000.00		96,999.85			28-Nov-2005		7.800%		MA - 79.67%		Paid Off - 360		01-Oct-2004
14020788 1			77,400.00		76,627.75			25-Nov-2005		8.250%		VA - 90.00%		Paid Off - 360		01-Oct-2004
14031025 3			73,500.00		70,368.04			15-Nov-2005		7.900%		AL - 70.00%		Paid Off - 180		01-Oct-2004
14034565 1			68,000.00		67,653.38			01-Nov-2005		11.500%		MA - 20.00%		Paid Off - 360		01-Oct-2004
14039655 1			246,000.00		242,923.91			03-Nov-2005		6.750%		NY - 83.39%		Paid Off - 360		01-Oct-2004
14046346 1			206,550.00		204,379.07			21-Nov-2005		7.650%		VA - 85.00%		Paid Off - 360		01-Oct-2004
14049787 1			193,600.00		191,269.88			09-Nov-2005		6.950%		NY - 80.00%		Paid Off - 360		01-Oct-2004
14050116 1			276,000.00		275,965.33			25-Nov-2005		5.800%		CA - 75.00%		Paid Off - 360		01-Oct-2004
14052856 1			79,200.00		78,415.25			29-Nov-2005		7.950%		IL - 80.00%		Paid Off - 360		01-Oct-2004
14054597 1			163,200.00		161,178.64			25-Nov-2005		6.800%		FL - 80.00%		Paid Off - 360		01-Oct-2004
14054860 1			216,000.00		213,693.94			07-Nov-2005		7.570%		RI - 80.00%		Paid Off - 360		01-Oct-2004
14056535 1			186,300.00		184,014.35			15-Nov-2005		6.850%		FL - 90.00%		Paid Off - 360		01-Oct-2004
14057053 1			176,000.00		174,095.13			15-Nov-2005		7.500%		NJ - 74.89%		Paid Off - 360		01-Oct-2004
14057400 1			218,500.00		215,932.23			17-Nov-2005		9.300%		FL - 95.00%		Paid Off - 360		01-Oct-2004
14058010 1			200,000.00		197,214.84			21-Nov-2005		6.400%		FL - 55.56%		Paid Off - 360		01-Oct-2004
14062590 1			100,000.00		99,289.55			17-Nov-2005		9.600%		MO - 80.00%		Paid Off - 360		01-Oct-2004
14066765 1			247,500.00		244,521.14			09-Nov-2005		6.950%		CT - 90.00%		Paid Off - 360		01-Oct-2004
14066849 3			#######		208,661.83			28-Nov-2005		10.150%		CA - 70.00%		Paid Off - 360		01-Oct-2004
14069306 1			107,250.00		106,227.80			04-Nov-2005		8.150%		CA - 65.00%		Paid Off - 360		01-Oct-2004


Page 24 of 38
Morgan Stanley ABS Capital I Inc. 2005-HE1

Mortgage Pass-Through Certificates

2005-HE1

December 27, 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

14071450 1			71,200.00		70,410.61			30-Nov-2005		7.550%		MO - 80.00%		Paid Off - 360		01-Oct-2004

14074355 1			155,000.00		153,704.34			10-Nov-2005		8.900%		NY - 47.69%		Paid Off - 360		01-Oct-2004
14074520 1			80,800.00		80,082.29			23-Nov-2005		8.500%		TX - 80.00%		Paid Off - 360		01-Oct-2004
14076764 1			180,000.00		177,812.69			11-Nov-2005		6.900%		CA - 57.32%		Paid Off - 360		01-Oct-2004
14076798 1			126,400.00		124,822.62			10-Nov-2005		6.800%		DE - 80.00%		Paid Off - 360		01-Oct-2004
14081251 1			139,960.00		138,855.38			22-Nov-2005		9.440%		VA - 80.00%		Paid Off - 360		01-Oct-2004
14081368 1			192,800.00		190,501.64			23-Nov-2005		7.000%		NJ - 80.00%		Paid Off - 360		01-Oct-2004
14082697 1			250,000.00		247,013.95			28-Nov-2005		6.990%		NC - 92.94%		Paid Off - 360		01-Oct-2004
14083430 1			203,150.00		201,195.75			23-Nov-2005		8.100%		IL - 79.67%		Paid Off - 360		01-Oct-2004
14083570 1			115,280.00		113,514.62			23-Nov-2005		5.800%		RI - 80.00%		Paid Off - 360		01-Oct-2004
14092647 1			175,100.00		173,679.36			02-Nov-2005		8.950%		MA - 85.00%		Paid Off - 360		01-Oct-2004
14092670 1			115,000.00		113,705.57			21-Nov-2005		7.500%		FL - 74.19%		Paid Off - 360		01-Oct-2004
14093033 1			190,000.00		187,367.91			22-Nov-2005		6.700%		NY - 38.00%		Paid Off - 360		01-Oct-2004
14093413 1			65,000.00		64,256.77			01-Nov-2005		9.350%		TX - 65.00%		Paid Off - 360		01-Oct-2004
14093835 1			218,500.00		216,109.57			21-Nov-2005		7.450%		NY - 55.88%		Paid Off - 360		01-Oct-2004
14093918 1			84,000.00		83,297.51			28-Nov-2005		8.800%		NC - 79.70%		Paid Off - 360		01-Oct-2004
14094031 1			243,000.00		240,574.47			01-Nov-2005		8.150%		NJ - 90.00%		Paid Off - 360		01-Oct-2004
14094361 1			70,000.00		69,578.88			10-Nov-2005		10.400%		CA - 20.90%		Paid Off - 360		01-Oct-2004
14097687 1			365,500.00		361,806.15			08-Nov-2005		7.850%		NY - 85.00%		Paid Off - 360		01-Oct-2004
14097851 1			137,275.00		135,386.69			09-Nov-2005		6.500%		GA - 85.00%		Paid Off - 360		01-Oct-2004
14099667 1			79,200.00		75,019.07			03-Nov-2005		9.150%		NC - 90.00%		Paid Off - 360		01-Oct-2004
14100259 3			76,500.00		75,866.62			28-Nov-2005		8.850%		IL - 85.00%		Paid Off - 360		01-Oct-2004
14102073 1			112,000.00		110,612.71			08-Nov-2005		6.800%		NJ - 80.00%		Paid Off - 360		01-Oct-2004
14105902 3			184,000.00		183,994.80			21-Nov-2005		8.400%		MD - 80.00%		Paid Off - 360		01-Oct-2004
14108096 1			351,000.00		346,610.92			04-Nov-2005		6.750%		NY - 90.00%		Paid Off - 360		01-Oct-2004
14108302 3			128,000.00		126,731.65			23-Nov-2005		7.950%		MI - 80.00%		Paid Off - 360		01-Oct-2004
14109920 3			166,250.00		164,733.74			16-Nov-2005		8.650%		PA - 95.00%		Paid Off - 360		01-Oct-2004
14110761 1			224,000.00		221,758.45			11-Nov-2005		7.900%		IL - 80.00%		Paid Off - 360		01-Oct-2004
14113112 1			180,000.00		177,749.15			02-Nov-2005		6.750%		IL - 90.00%		Paid Off - 360		01-Oct-2004
14113690 1			227,700.00		224,714.47			11-Nov-2005		6.500%		MA - 90.00%		Paid Off - 360		01-Oct-2004
14114250 1			217,500.00		214,425.90			02-Nov-2005		6.100%		CT - 75.00%		Paid Off - 360		01-Oct-2004
14114896 1			147,200.00		145,020.73			16-Nov-2005		5.850%		NH - 80.00%		Paid Off - 360		01-Oct-2004
14115836 1			76,000.00		74,981.83			08-Nov-2005		6.550%		FL - 80.00%		Paid Off - 360		01-Oct-2004
14116339 1			184,450.00		182,622.18			05-Dec-2005		7.950%		FL - 85.00%		Paid Off - 360		01-Oct-2004
14116503 1			199,750.00		197,275.93			30-Nov-2005		6.800%		OR - 85.00%		Paid Off - 360		01-Oct-2004
14117188 3			200,000.00		197,225.54			10-Nov-2005		6.200%		ME - 80.00%		Paid Off - 360		01-Oct-2004
14117840 3			124,800.00		116,714.57			17-Nov-2005		7.850%		CA - 80.00%		Paid Off - 360		01-Oct-2004
14118087 1			214,500.00		211,324.35			07-Nov-2005		5.850%		FL - 65.00%		Paid Off - 360		01-Oct-2004
14119135 1			137,700.00		136,430.52			04-Nov-2005		9.100%		FL - 90.00%		Paid Off - 360		01-Oct-2004
14119663 1			105,600.00		104,365.01			23-Nov-2005		7.100%		TX - 80.00%		Paid Off - 360		01-Oct-2004
14127856 1			420,000.00		413,488.98			17-Nov-2005		5.600%		MA - 80.00%		Paid Off - 360		01-Oct-2004
14128250 1			283,500.00		280,106.34			30-Nov-2005		6.990%		RI - 90.00%		Paid Off - 360		01-Oct-2004
14128730 1			304,000.00		299,703.40			11-Nov-2005		6.100%		NY - 81.07%		Paid Off - 360		01-Oct-2004


Page 25 of 38
Morgan Stanley ABS Capital I Inc. 2005-HE1

Mortgage Pass-Through Certificates

2005-HE1

December 27, 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

14130454 1			140,000.00		138,298.76			30-Nov-2005		6.900%		GA - 80.00%		Paid Off - 360		01-Oct-2004

14130629 1			100,000.00		99,213.77			21-Nov-2005		9.200%		FL - 72.46%		Paid Off - 360		01-Oct-2004
14132757 1			88,000.00		87,424.48			15-Nov-2005		10.000%		GA - 72.13%		Paid Off - 360		01-Oct-2004
14132989 1			200,000.00		198,549.56			22-Nov-2005		9.500%		NJ - 71.43%		Paid Off - 360		01-Oct-2004
14133524 1			102,400.00		101,107.38			11-Nov-2005		6.700%		FL - 80.00%		Paid Off - 360		01-Oct-2004
14138093 1			106,250.00		104,856.93			15-Nov-2005		6.500%		GA - 85.00%		Paid Off - 360		01-Oct-2004
14141022 1			218,000.00		213,516.61			16-Nov-2005		6.650%		NJ - 74.66%		Paid Off - 360		01-Oct-2004
14141998 1			90,000.00		89,299.21			18-Nov-2005		9.250%		NJ - 75.00%		Paid Off - 360		01-Oct-2004
14142319 1			157,000.00		157,000.00			29-Nov-2005		5.100%		FL - 84.86%		Paid Off - 360		01-Oct-2004
14143713 1			161,500.00		159,086.72			09-Nov-2005		5.800%		AR - 85.00%		Paid Off - 360		01-Oct-2004
14143754 1			171,000.00		169,288.72			07-Nov-2005		7.900%		MA - 34.20%		Paid Off - 360		01-Oct-2004
14147789 3			454,500.00		450,055.43			30-Nov-2005		8.140%		MA - 90.00%		Paid Off - 360		01-Oct-2004
14147946 3			228,000.00		225,901.77			23-Nov-2005		8.700%		MD - 80.00%		Paid Off - 360		01-Oct-2004
14148894 3			430,000.00		423,455.24			23-Nov-2005		5.700%		MA - 62.23%		Paid Off - 360		01-Oct-2004
14150395 3			376,000.00		370,880.84			17-Nov-2005		6.300%		CA - 76.73%		Paid Off - 360		01-Oct-2004
14151062 1			180,000.00		177,663.46			01-Nov-2005		6.800%		IL - 80.00%		Paid Off - 360		01-Oct-2004
14152664 1			306,000.00		302,557.02			25-Nov-2005		7.300%		MA - 90.00%		Paid Off - 360		01-Oct-2004
14152821 1			144,500.00		142,975.79			30-Nov-2005		8.000%		VA - 59.10%		Paid Off - 360		01-Sep-2004
14153191 1			50,007.50		49,625.35			01-Nov-2005		9.600%		GA - 60.25%		Paid Off - 360		01-Sep-2004
14153977 3			537,714.90		537,714.05			10-Nov-2005		7.800%		FL - 90.00%		Paid Off - 360		01-Oct-2004
14155055 1			264,000.00		260,912.79			23-Nov-2005		7.100%		MA - 77.65%		Paid Off - 360		01-Oct-2004
14155899 1			66,400.00		65,956.37			04-Nov-2005		9.900%		TX - 80.00%		Paid Off - 360		01-Oct-2004
14157051 1			123,000.00		121,145.92			11-Nov-2005		6.800%		RI - 58.57%		Paid Off - 360		01-Oct-2004
14157143 1			195,000.00		192,774.86			17-Nov-2005		7.390%		CA - 75.00%		Paid Off - 360		01-Oct-2004
14157275 1			188,000.00		185,390.86			25-Nov-2005		6.200%		MA - 68.61%		Paid Off - 360		01-Oct-2004
14158232 3			350,000.00		345,664.88			29-Nov-2005		6.800%		NJ - 60.34%		Paid Off - 360		01-Oct-2004
14160287 1			148,000.00		146,145.82			14-Nov-2005		6.740%		VA - 80.00%		Paid Off - 360		01-Oct-2004
14163976 1			267,000.00		264,247.80			04-Nov-2005		7.800%		NV - 55.05%		Paid Off - 360		01-Oct-2004
14165195 1			350,000.00		346,890.90			15-Nov-2005		8.500%		MA - 72.16%		Paid Off - 360		01-Oct-2004
14165534 1			99,450.00		98,597.42			25-Nov-2005		8.800%		MI - 85.00%		Paid Off - 360		01-Oct-2004
14166631 1			376,000.00		371,464.06			01-Nov-2005		6.950%		NY - 80.00%		Paid Off - 360		01-Oct-2004
14167829 1			90,000.00		89,187.98			22-Nov-2005		8.600%		IN - 90.00%		Paid Off - 360		01-Oct-2004
14173496 1			50,000.00		49,356.85			14-Nov-2005		9.050%		CA - 10.10%		Paid Off - 360		01-Oct-2004
14179600 1			125,100.00		123,576.96			03-Nov-2005		6.890%		FL - 90.00%		Paid Off - 360		01-Oct-2004
14180459 1			350,000.00		344,270.38			16-Nov-2005		5.400%		MA - 70.00%		Paid Off - 360		01-Oct-2004
14180756 1			230,000.00		227,085.08			09-Nov-2005		6.690%		CA - 54.12%		Paid Off - 360		01-Oct-2004
14180772 3			70,956.00		70,051.72			15-Nov-2005		6.650%		MI - 80.00%		Paid Off - 360		01-Oct-2004
14186183 1			50,000.00		49,597.62			21-Nov-2005		8.990%		IL - 81.97%		Paid Off - 360		01-Oct-2004
14197529 3			334,500.00		330,029.11			02-Nov-2005		6.500%		NC - 75.00%		Paid Off - 360		01-Oct-2004
14200380 1			190,000.00		187,676.15			23-Nov-2005		6.990%		CA - 74.51%		Paid Off - 360		01-Oct-2004
37850910 2			244,000.00		240,868.27			03-Nov-2005		6.990%		CA - 80.00%		Paid Off - 360		01-Sep-2004
37851486 2			72,000.00		71,158.94			01-Nov-2005		7.359%		TX - 80.00%		Paid Off - 360		01-Oct-2004
37852566 2			60,000.00		56,715.56			25-Nov-2005		6.990%		TX - 57.69%		Paid Off - 180		01-Sep-2004


Page 26 of 38
Morgan Stanley ABS Capital I Inc. 2005-HE1

Mortgage Pass-Through Certificates

2005-HE1

December 27, 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

37852774 2			167,400.00		165,912.86			17-Nov-2005		8.500%		MD - 88.11%		Paid Off - 360		01-Oct-2004

37852974 2			286,000.00		283,262.26			01-Nov-2005		8.125%		CA - 69.00%		Paid Off - 360		01-Oct-2004
37853574 2			231,000.00		228,842.99			15-Nov-2005		8.250%		NJ - 70.00%		Paid Off - 360		01-Oct-2004
37853734 3			440,000.00		440,000.00			07-Nov-2005		6.750%		CA - 80.00%		Paid Off - 360		01-Oct-2004
37854078 2			40,000.00		39,542.89			15-Nov-2005		8.999%		TX - 80.00%		Paid Off - 360		01-Oct-2004
37855710 2			320,000.00		320,000.00			15-Nov-2005		6.490%		CA - 79.98%		Paid Off - 360		01-Oct-2004
37903190 2			271,120.00		271,120.00			30-Nov-2005		6.200%		FL - 75.94%		Paid Off - 360		01-Aug-2004
38028470 2			64,000.00		63,552.66			16-Nov-2005		9.300%		NY - 80.00%		Paid Off - 360		01-Oct-2004
38028502 3			422,100.00		418,723.44			17-Nov-2005		8.650%		CA - 89.62%		Paid Off - 360		01-Nov-2004
38028542 2			92,400.00		91,243.16			10-Nov-2005		6.925%		SC - 72.19%		Paid Off - 360		01-Oct-2004
38028582 3			120,000.00		118,700.80			30-Nov-2005		7.100%		WI - 80.00%		Paid Off - 360		01-Oct-2004
38028766 2			62,400.00		61,834.99			01-Nov-2005		8.050%		OH - 80.00%		Paid Off - 360		01-Oct-2004
38028806 2			88,800.00		87,817.01			17-Nov-2005		6.990%		AZ - 80.00%		Paid Off - 360		01-Nov-2004
38028878 2			200,700.00		198,561.76			23-Nov-2005		7.400%		CA - 90.00%		Paid Off - 360		01-Nov-2004
38029310 2			100,800.00		99,920.83			04-Nov-2005		8.400%		MO - 90.00%		Paid Off - 360		01-Nov-2004
38029454 2			180,800.00		178,496.42			01-Nov-2005		7.000%		NJ - 80.00%		Paid Off - 360		01-Oct-2004
38030558 3			337,250.00		333,584.66			01-Nov-2005		7.750%		NJ - 95.00%		Paid Off - 360		01-Nov-2004
38030590 2			240,000.00		236,140.87			25-Nov-2005		5.400%		CA - 80.00%		Paid Off - 360		01-Oct-2004
38030622 2			93,500.00		92,797.40			09-Nov-2005		8.950%		GA - 85.00%		Paid Off - 360		01-Oct-2004
38030742 3			356,250.00		353,363.49			04-Nov-2005		8.700%		MI - 75.00%		Paid Off - 360		01-Nov-2004
38030846 2			207,000.00		205,247.64			21-Nov-2005		8.740%		VA - 89.15%		Paid Off - 360		01-Sep-2004
38030902 2			228,000.00		225,231.61			16-Nov-2005		6.500%		CA - 80.00%		Paid Off - 360		01-Nov-2004
38030958 2			99,000.00		97,731.22			03-Nov-2005		6.350%		PA - 50.00%		Paid Off - 360		01-Oct-2004
38031046 2			220,000.00		217,225.93			22-Nov-2005		6.300%		MA - 62.86%		Paid Off - 360		01-Oct-2004
38031582 2			156,000.00		154,193.66			29-Nov-2005		6.750%		SC - 79.59%		Paid Off - 360		01-Oct-2004
38031606 2			70,000.00		69,269.57			22-Nov-2005		8.490%		GA - 77.78%		Paid Off - 360		01-Nov-2004
38031686 2			119,700.00		118,260.27			09-Nov-2005		6.550%		OR - 85.50%		Paid Off - 360		01-Nov-2004
38032118 2			140,000.00		138,583.63			23-Nov-2005		7.450%		CA - 73.68%		Paid Off - 360		01-Nov-2004
38032158 2			131,000.00		129,688.86			30-Nov-2005		7.650%		CA - 43.23%		Paid Off - 360		01-Nov-2004
38032294 2			122,400.00		121,154.05			03-Nov-2005		7.420%		KS - 80.00%		Paid Off - 360		01-Nov-2004
38032438 2			132,300.00		131,022.90			29-Nov-2005		7.690%		WY - 90.00%		Paid Off - 360		01-Nov-2004
38032718 2			151,000.00		148,925.18			28-Nov-2005		5.840%		FL - 81.62%		Paid Off - 360		01-Oct-2004
38033078 2			133,950.00		132,538.45			02-Nov-2005		7.240%		IL - 95.00%		Paid Off - 360		01-Nov-2004
38033302 2			176,250.00		174,648.95			04-Nov-2005		7.575%		NJ - 75.00%		Paid Off - 360		01-Nov-2004
38033342 2			268,000.00		265,792.88			01-Nov-2005		8.490%		MD - 87.01%		Paid Off - 360		01-Nov-2004
38033926 2			220,400.00		218,191.99			03-Nov-2005		7.500%		MD - 95.00%		Paid Off - 360		01-Oct-2004
38034022 2			245,700.00		243,368.09			02-Nov-2005		8.000%		CA - 90.00%		Paid Off - 360		01-Nov-2004
38034511 2			174,990.00		171,534.46			23-Nov-2005		6.990%		FL - 53.03%		Paid Off - 360		01-Oct-2004
38034767 2			54,000.00		53,513.08			17-Nov-2005		8.175%		MI - 90.00%		Paid Off - 360		01-Oct-2004
38034799 2			95,000.00		93,779.40			17-Nov-2005		6.200%		NJ - 53.07%		Paid Off - 360		01-Oct-2004
38034815 3			200,000.00		197,916.40			02-Nov-2005		7.300%		CT - 69.44%		Paid Off - 360		01-Oct-2004
38035119 2			70,650.00		70,175.98			03-Nov-2005		9.600%		SC - 88.31%		Paid Off - 360		01-Oct-2004
38035383 2			50,000.00		49,486.53			30-Nov-2005		7.373%		MN - 71.43%		Paid Off - 360		01-Oct-2004


Page 27 of 38
Morgan Stanley ABS Capital I Inc. 2005-HE1

Mortgage Pass-Through Certificates

2005-HE1

December 27, 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

38036143 3			399,950.00		383,658.26			23-Nov-2005		6.800%		CA - 74.06%		Paid Off - 360		01-Nov-2004

38036327 2			126,000.00		123,471.58			04-Nov-2005		8.300%		IA - 88.11%		Paid Off - 360		01-Sep-2004
38036359 2			71,120.00		70,519.06			30-Nov-2005		8.750%		PA - 80.00%		Paid Off - 360		01-Sep-2004
38036407 3			160,000.00		158,381.26			10-Nov-2005		7.450%		PA - 80.00%		Paid Off - 360		01-Oct-2004
38036415 2			233,000.00		230,196.85			07-Nov-2005		6.900%		GA - 80.34%		Paid Off - 360		01-Oct-2004
38036671 2			240,000.00		237,345.44			08-Nov-2005		7.750%		CA - 80.00%		Paid Off - 360		01-Oct-2004
38036943 2			191,250.00		189,962.82			17-Nov-2005		9.490%		NY - 75.00%		Paid Off - 360		01-Nov-2004
38037615 2			280,000.00		276,819.35			29-Nov-2005		6.850%		NY - 80.00%		Paid Off - 360		01-Oct-2004
38037807 2			151,120.00		149,204.91			02-Nov-2005		7.850%		NC - 72.65%		Paid Off - 360		01-Oct-2004
38037943 2			212,500.00		210,432.69			21-Nov-2005		7.650%		CA - 85.00%		Paid Off - 360		01-Nov-2004
38038135 3			160,000.00		158,147.41			01-Nov-2005		6.750%		VA - 59.26%		Paid Off - 360		01-Oct-2004
38038311 2			206,550.00		204,460.37			22-Nov-2005		7.450%		NJ - 85.00%		Paid Off - 360		01-Oct-2004
38039151 2			88,900.00		87,838.72			14-Nov-2005		6.590%		ND - 70.00%		Paid Off - 360		01-Oct-2004
38039319 3			99,000.00		98,006.21			15-Nov-2005		7.490%		WI - 90.00%		Paid Off - 360		01-Nov-2004
38039359 2			107,100.00		106,135.05			22-Nov-2005		8.040%		VA - 83.02%		Paid Off - 360		01-Oct-2004
38039511 3			174,250.00		172,771.12			01-Nov-2005		8.340%		IL - 85.00%		Paid Off - 360		01-Nov-2004
38039671 3			127,600.00		126,055.07			29-Nov-2005		6.515%		SC - 78.77%		Paid Off - 360		01-Oct-2004
38039775 2			69,000.00		68,339.08			02-Nov-2005		7.730%		VA - 69.00%		Paid Off - 360		01-Nov-2004
38039999 2			192,000.00		190,113.68			01-Nov-2005		7.600%		CA - 80.00%		Paid Off - 360		01-Nov-2004
38040159 3			496,000.00		490,732.76			11-Nov-2005		7.200%		AZ - 80.00%		Paid Off - 360		01-Nov-2004
38040239 3			465,000.00		461,178.14			17-Nov-2005		8.500%		PA - 69.92%		Paid Off - 360		01-Oct-2004
38040311 2			151,200.00		149,685.17			01-Nov-2005		7.500%		AZ - 90.00%		Paid Off - 360		01-Nov-2004
38040495 2			66,000.00		65,375.15			21-Nov-2005		9.690%		NC - 76.74%		Paid Off - 360		01-Oct-2004
38040559 2			288,000.00		284,429.61			04-Nov-2005		6.390%		CA - 90.00%		Paid Off - 360		01-Nov-2004
38040623 2			277,500.00		274,603.95			30-Nov-2005		7.290%		VA - 75.00%		Paid Off - 360		01-Oct-2004
38040647 2			178,000.00		175,730.16			09-Nov-2005		6.240%		MN - 82.79%		Paid Off - 360		01-Oct-2004
38040815 2			90,000.00		89,329.71			11-Nov-2005		8.990%		KS - 75.00%		Paid Off - 360		01-Nov-2004
38040871 2			59,500.00		59,009.88			09-Nov-2005		8.490%		TN - 83.22%		Paid Off - 360		01-Oct-2004
38040903 2			109,900.00		108,615.23			21-Nov-2005		6.700%		PA - 70.00%		Paid Off - 360		01-Oct-2004
38041479 2			195,000.00		192,250.48			03-Nov-2005		5.700%		CA - 78.00%		Paid Off - 360		01-Nov-2004
38041687 2			76,500.00		75,762.69			04-Nov-2005		7.700%		FL - 85.00%		Paid Off - 360		01-Oct-2004
38041775 2			105,000.00		103,838.80			16-Nov-2005		6.990%		AZ - 89.36%		Paid Off - 360		01-Nov-2004
38041783 2			132,000.00		130,677.27			03-Nov-2005		7.790%		NC - 81.99%		Paid Off - 360		01-Nov-2004
38041791 2			81,250.00		80,485.02			14-Nov-2005		7.840%		NC - 65.00%		Paid Off - 360		01-Oct-2004
38042471 2			196,000.00		193,620.12			02-Nov-2005		6.565%		VA - 80.00%		Paid Off - 360		01-Nov-2004
38042832 2			120,600.00		119,190.20			30-Nov-2005		6.700%		VA - 90.00%		Paid Off - 360		01-Nov-2004
38042968 2			274,000.00		270,561.23			16-Nov-2005		6.500%		CA - 65.24%		Paid Off - 360		01-Nov-2004
38043288 3			176,000.00		173,931.08			01-Nov-2005		7.240%		PA - 80.00%		Paid Off - 360		01-Nov-2004
38043408 2			199,500.00		198,066.01			15-Nov-2005		8.750%		PA - 70.00%		Paid Off - 360		01-Nov-2004
38043432 2			119,000.00		117,550.51			01-Nov-2005		6.490%		WI - 85.00%		Paid Off - 360		01-Nov-2004
38043720 2			210,000.00		207,425.91			14-Nov-2005		6.450%		VA - 77.78%		Paid Off - 360		01-Nov-2004
38043904 2			150,000.00		148,060.15			07-Nov-2005		6.165%		CA - 52.63%		Paid Off - 360		01-Nov-2004
38044088 2			214,500.00		213,611.72			18-Nov-2005		11.390%		NJ - 65.00%		Paid Off - 360		01-Nov-2004


Page 28 of 38
Morgan Stanley ABS Capital I Inc. 2005-HE1

Mortgage Pass-Through Certificates

2005-HE1

December 27, 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

321690646 2			240,516.00		235,543.33			16-Nov-2005		5.450%		HI - 80.00%		Paid Off - 360		01-Jun-2004

321696387 2			75,000.00		71,988.68			16-Nov-2005		7.000%		FL - 51.72%		Paid Off - 240		01-May-2004
321728263 2			288,150.00		283,864.53			13-Dec-2005		7.550%		CA - 85.00%		Paid Off - 360		01-May-2004
322812512 2			173,600.00		171,630.33			29-Nov-2005		6.875%		CA - 80.00%		Paid Off - 360		01-Nov-2004
322812694 2			332,500.00		332,284.67			17-Nov-2005		7.625%		CA - 95.00%		Paid Off - 360		01-Sep-2004
322813262 2			233,600.00		230,763.54			12-Dec-2005		6.500%		CO - 80.00%		Paid Off - 360		01-Nov-2004
322813437 3			980,000.00		966,531.87			01-Dec-2005		6.250%		CA - 80.00%		Paid Off - 360		01-Oct-2004
322813767 2			132,000.00		130,226.74			12-Dec-2005		7.600%		NV - 80.00%		Paid Off - 360		01-Oct-2004
322814443 3			332,000.00		326,993.00			13-Dec-2005		5.750%		CA - 80.00%		Paid Off - 360		01-Oct-2004
322814518 3			255,000.00		252,566.44			25-Nov-2005		7.750%		NY - 79.69%		Paid Off - 360		01-Nov-2004
322814849 2			87,200.00		86,246.73			01-Dec-2005		7.050%		IL - 80.00%		Paid Off - 360		01-Nov-2004
322814898 2			310,000.00		307,136.48			14-Dec-2005		7.930%		CA - 64.58%		Paid Off - 360		01-Nov-2004
322814963 3			360,000.00		360,000.00			14-Dec-2005		5.700%		CA - 80.00%		Paid Off - 360		01-Nov-2004
322814989 2			119,000.00		117,697.48			25-Nov-2005		8.225%		LA - 85.00%		Paid Off - 360		01-Nov-2004
322815184 2			36,000.00		35,439.39			23-Nov-2005		11.150%		AZ - 20.00%		Paid Off - 240		01-Nov-2004
322815242 2			153,000.00		151,624.39			01-Dec-2005		8.050%		NJ - 90.00%		Paid Off - 360		01-Nov-2004
322815325 2			336,000.00		333,210.64			30-Nov-2005		8.450%		CA - 80.00%		Paid Off - 360		01-Nov-2004
322815655 3			355,200.00		350,907.58			22-Nov-2005		6.525%		MA - 80.00%		Paid Off - 360		01-Nov-2004
322816182 3			266,250.00		263,519.59			30-Nov-2005		7.380%		CA - 75.00%		Paid Off - 360		01-Nov-2004
322816216 3			396,000.00		396,000.00			17-Nov-2005		6.300%		CA - 80.00%		Paid Off - 360		01-Nov-2004
322816588 2			72,250.00		71,656.18			15-Nov-2005		8.500%		KY - 85.00%		Paid Off - 360		01-Nov-2004
322816760 2			162,400.00		162,400.00			30-Nov-2005		5.950%		FL - 80.00%		Paid Off - 360		01-Nov-2004
322818097 2			116,100.00		116,100.00			21-Nov-2005		7.600%		AZ - 90.00%		Paid Off - 360		01-Nov-2004
322818220 2			119,756.00		118,369.36			13-Dec-2005		6.750%		AZ - 80.00%		Paid Off - 360		01-Nov-2004
322818394 3			24,800.00		24,302.76			08-Dec-2005		9.240%		TN - 20.00%		Paid Off - 240		01-Nov-2004
322818584 2			215,500.00		215,500.00			08-Dec-2005		7.550%		MD - 87.25%		Paid Off - 360		01-Nov-2004
322819384 3			296,000.00		294,083.07			30-Nov-2005		9.775%		GA - 80.00%		Paid Off - 360		01-Nov-2004
322819681 2			32,000.00		31,477.16			30-Nov-2005		11.050%		AZ - 20.00%		Paid Off - 240		01-Nov-2004
322819814 2			34,400.00		33,834.88			23-Nov-2005		11.350%		MD - 20.00%		Paid Off - 240		01-Oct-2004
322820010 2			30,200.00		29,708.20			12-Dec-2005		10.800%		FL - 20.00%		Paid Off - 240		01-Nov-2004
322820127 2			450,000.00		446,199.04			30-Nov-2005		8.500%		MA - 90.00%		Paid Off - 360		01-Nov-2004
322820531 2			85,000.00		84,024.25			30-Nov-2005		6.800%		FL - 42.93%		Paid Off - 360		01-Nov-2004
322821000 3			543,200.00		537,341.51			14-Dec-2005		7.250%		HI - 80.00%		Paid Off - 360		01-Nov-2004
322821059 2			300,000.00		296,682.42			12-Dec-2005		6.990%		NV - 55.56%		Paid Off - 360		01-Nov-2004
322821083 3			441,655.00		437,230.39			13-Dec-2005		7.500%		CA - 95.00%		Paid Off - 360		01-Nov-2004
322821489 2			198,250.00		195,654.73			22-Nov-2005		6.100%		CA - 65.00%		Paid Off - 360		01-Nov-2004
322821612 2			288,000.00		287,966.40			08-Dec-2005		7.000%		NY - 80.00%		Paid Off - 360		01-Oct-2004
322821646 2			36,750.00		36,136.40			17-Nov-2005		11.800%		AZ - 15.00%		Paid Off - 240		01-Sep-2004
322821869 2			196,000.00		196,000.00			25-Nov-2005		6.900%		CA - 80.00%		Paid Off - 360		01-Oct-2004
322821984 3			600,000.00		600,000.00			06-Dec-2005		7.250%		FL - 65.22%		Paid Off - 300		01-Nov-2004
322822495 2			122,500.00		122,452.07			18-Nov-2005		7.250%		CA - 70.00%		Paid Off - 300		01-Nov-2004
322822537 3			78,000.00		77,465.88			23-Nov-2005		9.400%		TX - 73.93%		Paid Off - 360		01-Nov-2004
322822735 2			301,750.00		298,114.98			18-Nov-2005		6.950%		CA - 85.00%		Paid Off - 360		01-Oct-2004


Page 29 of 38
Morgan Stanley ABS Capital I Inc. 2005-HE1

Mortgage Pass-Through Certificates

2005-HE1

December 27, 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

322822958 2			176,000.00		175,999.94			09-Dec-2005		6.950%		CA - 80.00%		Paid Off - 360		01-Oct-2004

322823295 2			304,000.00		303,918.56			15-Dec-2005		6.450%		CA - 80.00%		Paid Off - 360		01-Oct-2004
322823550 2			296,000.00		294,800.00			05-Dec-2005		6.990%		CA - 80.00%		Paid Off - 360		01-Nov-2004
322823568 2			286,400.00		286,397.52			21-Nov-2005		6.875%		CA - 80.00%		Paid Off - 360		01-Oct-2004
322823576 3			336,000.00		336,000.00			22-Nov-2005		7.075%		CA - 80.00%		Paid Off - 360		01-Oct-2004
322823642 2			327,120.00		327,117.00			17-Nov-2005		7.200%		CA - 80.00%		Paid Off - 360		01-Oct-2004
322824087 3			540,000.00		534,797.84			01-Dec-2005		7.700%		NY - 87.38%		Paid Off - 360		01-Nov-2004
322824301 3			334,800.00		334,789.90			25-Nov-2005		8.000%		CA - 80.00%		Paid Off - 360		01-Oct-2004
322824475 2			164,000.00		162,597.00			16-Nov-2005		8.300%		CT - 84.15%		Paid Off - 360		01-Nov-2004
322824665 3			356,000.00		355,997.11			17-Nov-2005		6.850%		CA - 80.00%		Paid Off - 360		01-Oct-2004
322824715 2			290,000.00		286,471.68			25-Nov-2005		6.600%		CT - 74.36%		Paid Off - 360		01-Nov-2004
322824780 2			296,000.00		291,204.98			16-Nov-2005		5.500%		CA - 84.81%		Paid Off - 360		01-Oct-2004
322825795 2			308,000.00		304,061.32			22-Nov-2005		6.225%		RI - 80.00%		Paid Off - 360		01-Nov-2004
322826041 2			265,500.00		265,499.38			06-Dec-2005		6.150%		CA - 90.00%		Paid Off - 360		01-Nov-2004
322826728 2			127,500.00		126,216.41			#######		7.475%		CA - 67.11%		Paid Off - 360		01-Nov-2004
322826934 2			139,000.00		136,369.85			13-Dec-2005		6.500%		CA - 61.78%		Paid Off - 360		01-Oct-2004
322827171 2			192,000.00		192,000.00			18-Nov-2005		5.250%		CA - 80.00%		Paid Off - 360		01-Sep-2004
322827411 2			156,800.00		156,800.00			09-Dec-2005		7.450%		CT - 80.00%		Paid Off - 360		01-Oct-2004
322827585 2			279,720.00		277,320.01			23-Nov-2005		8.300%		NY - 90.00%		Paid Off - 360		01-Nov-2004
322827940 2			209,600.00		207,173.05			06-Dec-2005		6.750%		NY - 80.00%		Paid Off - 360		01-Nov-2004
322827999 2			132,750.00		131,701.95			01-Dec-2005		8.700%		PA - 75.00%		Paid Off - 360		01-Nov-2004
322828138 2			261,000.00		257,949.03			17-Nov-2005		6.700%		NY - 90.00%		Paid Off - 360		01-Nov-2004
322828153 2			119,000.00		117,456.63			14-Dec-2005		6.150%		CA - 85.00%		Paid Off - 360		01-Nov-2004
322828476 2			186,400.00		186,397.29			14-Dec-2005		6.550%		CA - 80.00%		Paid Off - 360		01-Nov-2004
322828591 2			85,500.00		84,600.66			21-Nov-2005		7.250%		TX - 71.85%		Paid Off - 360		01-Nov-2004
322830068 2			120,000.00		118,650.67			01-Dec-2005		6.950%		IL - 48.00%		Paid Off - 360		01-Nov-2004
322830100 2			117,000.00		115,651.45			29-Nov-2005		7.175%		FL - 75.00%		Paid Off - 360		01-Oct-2004
322830159 2			128,000.00		126,548.26			30-Nov-2005		7.050%		AZ - 80.00%		Paid Off - 360		01-Nov-2004
322830290 3			360,000.00		356,358.11			02-Dec-2005		7.450%		NY - 90.00%		Paid Off - 360		01-Nov-2004
322830878 2			230,750.00		229,003.92			21-Nov-2005		8.925%		CA - 65.00%		Paid Off - 360		01-Nov-2004
322830969 2			155,000.00		153,226.03			22-Nov-2005		7.275%		WI - 83.78%		Paid Off - 360		01-Oct-2004
322831694 2			175,500.00		173,983.51			25-Nov-2005		8.250%		NV - 65.00%		Paid Off - 360		01-Nov-2004
322831785 2			259,000.00		256,289.11			29-Nov-2005		7.275%		CA - 70.00%		Paid Off - 360		01-Nov-2004
322832270 3			183,200.00		181,486.44			12-Dec-2005		7.850%		MD - 76.33%		Paid Off - 360		01-Nov-2004
322832817 2			82,350.00		81,841.42			29-Nov-2005		9.900%		AZ - 79.95%		Paid Off - 360		01-Nov-2004
322832825 2			241,500.00		238,808.75			30-Nov-2005		6.950%		CA - 50.31%		Paid Off - 360		01-Nov-2004
322832841 2			54,000.00		53,519.21			18-Nov-2005		8.100%		CA - 16.82%		Paid Off - 360		01-Nov-2004
322832965 2			112,506.00		111,287.72			06-Dec-2005		7.100%		OR - 57.40%		Paid Off - 360		01-Nov-2004
322833286 2			84,000.00		83,306.37			17-Nov-2005		8.575%		AZ - 70.00%		Paid Off - 360		01-Nov-2004
322833807 2			115,472.00		114,258.56			23-Nov-2005		7.400%		NC - 80.00%		Paid Off - 360		01-Nov-2004
322834201 2			125,600.00		124,130.97			12-Dec-2005		6.700%		FL - 80.00%		Paid Off - 360		01-Nov-2004
322834417 2			222,000.00		219,829.57			09-Dec-2005		7.625%		CA - 53.49%		Paid Off - 360		01-Nov-2004
322835117 2			75,500.00		74,516.20			02-Dec-2005		6.125%		CA - 70.56%		Paid Off - 360		01-Nov-2004


Page 30 of 38
Morgan Stanley ABS Capital I Inc. 2005-HE1

Mortgage Pass-Through Certificates

2005-HE1

December 27, 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

322835984 2			225,000.00		225,000.00			15-Dec-2005		6.450%		OR - 84.91%		Paid Off - 360		01-Nov-2004

322836149 2			116,000.00		114,688.61			13-Dec-2005		7.100%		PA - 80.00%		Paid Off - 360		01-Nov-2004
322836297 3			137,250.00		136,144.34			30-Nov-2005		8.600%		WA - 75.00%		Paid Off - 360		01-Nov-2004
322836446 2			110,500.00		109,456.17			25-Nov-2005		7.800%		VA - 65.38%		Paid Off - 360		01-Nov-2004
322836552 2			211,500.00		209,795.56			30-Nov-2005		8.600%		CA - 90.00%		Paid Off - 360		01-Nov-2004
322836594 3			60,000.00		59,236.19			21-Nov-2005		6.250%		FL - 47.24%		Paid Off - 360		01-Nov-2004
322837501 2			136,000.00		134,425.25			30-Nov-2005		6.750%		WI - 85.00%		Paid Off - 360		01-Nov-2004
322837683 3			202,500.00		200,568.20			28-Nov-2005		7.750%		CA - 75.00%		Paid Off - 360		01-Nov-2004
322837907 2			196,000.00		194,353.86			01-Dec-2005		8.400%		TX - 80.00%		Paid Off - 360		01-Nov-2004
322838228 3			162,500.00		159,755.24			14-Dec-2005		6.500%		CA - 64.48%		Paid Off - 360		01-Nov-2004
322838533 2			210,000.00		207,590.81			22-Nov-2005		6.800%		MA - 56.00%		Paid Off - 360		01-Nov-2004
322838608 3			345,000.00		340,735.06			01-Dec-2005		6.700%		CA - 63.89%		Paid Off - 360		01-Nov-2004
322838830 3			88,500.00		84,372.24			30-Nov-2005		6.850%		VA - 75.00%		Paid Off - 180		01-Nov-2004
322838848 3			130,400.00		128,861.03			22-Nov-2005		6.650%		ME - 80.00%		Paid Off - 360		01-Nov-2004
322839564 2			99,200.00		97,843.30			08-Dec-2005		5.950%		TN - 80.00%		Paid Off - 360		01-Nov-2004
322839697 2			198,000.00		195,356.61			30-Nov-2005		6.000%		MD - 90.00%		Paid Off - 360		01-Nov-2004
322839705 3			380,000.00		375,086.54			15-Dec-2005		6.250%		AZ - 95.00%		Paid Off - 360		01-Nov-2004
322839937 3			164,000.00		161,844.79			22-Nov-2005		6.500%		AZ - 80.00%		Paid Off - 360		01-Nov-2004
322840745 2			123,000.00		121,641.12			17-Nov-2005		7.000%		AZ - 88.49%		Paid Off - 360		01-Nov-2004
322841792 2			91,346.00		90,648.62			01-Dec-2005		9.250%		HI - 20.00%		Paid Off - 360		01-Oct-2004
322841883 3			125,000.00		123,113.69			01-Dec-2005		5.750%		CA - 71.43%		Paid Off - 360		01-Oct-2004
322842303 3			167,310.00		165,943.71			01-Dec-2005		8.950%		UT - 90.00%		Paid Off - 360		01-Oct-2004
322842626 2			108,300.00		107,204.32			14-Dec-2005		7.450%		WI - 95.00%		Paid Off - 360		01-Nov-2004
322842857 2			148,750.00		147,274.28			22-Nov-2005		7.550%		CA - 85.00%		Paid Off - 360		01-Nov-2004
322843251 2			123,750.00		121,830.83			01-Dec-2005		7.450%		VA - 75.00%		Paid Off - 300		01-Nov-2004
322844069 3			206,500.00		205,333.11			02-Dec-2005		10.325%		CA - 70.00%		Paid Off - 360		01-Nov-2004
322844150 2			90,250.00		88,796.70			08-Dec-2005		6.400%		MI - 95.00%		Paid Off - 360		01-Nov-2004
322844366 2			166,500.00		164,587.84			05-Dec-2005		6.950%		NJ - 90.00%		Paid Off - 360		01-Nov-2004
322844663 2			177,750.00		176,436.05			25-Nov-2005		9.025%		WV - 75.00%		Paid Off - 360		01-Nov-2004
322845173 3			91,800.00		90,880.31			23-Nov-2005		7.500%		VA - 85.00%		Paid Off - 360		01-Nov-2004
322845983 3			171,700.00		169,726.51			13-Dec-2005		7.050%		MD - 85.00%		Paid Off - 360		01-Nov-2004
322846155 2			227,500.00		225,220.80			22-Nov-2005		7.500%		CA - 70.00%		Paid Off - 360		01-Nov-2004
322846346 3			176,400.00		173,881.73			07-Dec-2005		6.350%		NJ - 90.00%		Paid Off - 360		01-Nov-2004
322847740 3			209,000.00		206,688.81			02-Dec-2005		6.990%		WA - 95.00%		Paid Off - 360		01-Nov-2004
322849068 2			266,250.00		262,757.69			30-Nov-2005		6.800%		IL - 75.00%		Paid Off - 360		01-Nov-2004
322849282 2			193,000.00		191,258.09			23-Nov-2005		8.050%		CA - 74.23%		Paid Off - 360		01-Nov-2004
322849290 2			150,000.00		147,995.60			29-Nov-2005		5.990%		CA - 51.72%		Paid Off - 360		01-Nov-2004
322850058 3			192,500.00		190,836.71			06-Dec-2005		8.250%		NY - 70.00%		Paid Off - 360		01-Nov-2004
322850165 2			147,920.00		147,920.00			28-Nov-2005		6.950%		CA - 80.00%		Paid Off - 360		01-Sep-2004
322850447 2			280,000.00		275,995.74			07-Dec-2005		5.750%		CA - 80.00%		Paid Off - 360		01-Nov-2004
322850454 3			463,250.00		459,034.15			30-Nov-2005		7.990%		CA - 85.00%		Paid Off - 360		01-Nov-2004
322850942 2			141,525.00		140,277.56			17-Nov-2005		8.150%		NC - 85.00%		Paid Off - 360		01-Nov-2004
322851023 2			221,250.00		219,160.14			25-Nov-2005		7.800%		IL - 75.00%		Paid Off - 360		01-Nov-2004


Page 31 of 38
Morgan Stanley ABS Capital I Inc. 2005-HE1

Mortgage Pass-Through Certificates

2005-HE1

December 27, 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

322851908 2			266,000.00		262,318.09			17-Nov-2005		5.800%		CA - 95.00%		Paid Off - 360		01-Nov-2004



TOTAL			65,186,364.40		64,513,136.44



Page 32 of 38
Morgan Stanley ABS Capital I Inc. 2005-HE1

Mortgage Pass-Through Certificates

2005-HE1

December 27, 2005 Distribution
Realized Loss Report

COLLATERAL REALIZED LOSSES



									Group 3		Group 2		Group 1		Total


Current




Number of Loans Liquidated								1		1		1		3
Collateral Principal Realized Loss/(Gain) Amount								32,468.53		190,193.58		26,442.47		249,104.58
Collateral Interest Realized Loss/(Gain) Amount								0.00		0.00		0.00		0.00
Net Liquidation Proceeds								33,332.89		129,725.07		107,558.03		270,615.99

Cumulative




Number of Loans Liquidated								1		7		2		10
Collateral Realized Loss/(Gain) Amount								32,468.53		287,332.13		26,792.86		346,593.52
Net Liquidation Proceeds								33,332.89		663,435.61		335,268.34		1,032,036.84










Page 33 of 38
Morgan Stanley ABS Capital I Inc. 2005-HE1

Mortgage Pass-Through Certificates

2005-HE1

December 27, 2005 Distribution


DEFAULT SPEEDS



									Group 3		Group 2		Group 1		Total



MDR								0.02%		0.06%		0.04%		0.04%
3 Months Avg MDR								0.01%		0.03%		0.01%		0.02%
12 Months Avg MDR								0.00%		0.01%		0.01%		0.01%
Avg MDR Since Cut-off								0.00%		0.01%		0.01%		0.01%


CDR								0.24%		0.70%		0.52%		0.53%
3 Months Avg CDR								0.08%		0.36%		0.17%		0.23%
12 Months Avg CDR								0.02%		0.17%		0.11%		0.11%
Avg CDR Since Cut-off								0.02%		0.17%		0.11%		0.11%


SDA								0.83%		2.42%		1.71%		1.79%
3 Months Avg SDA Approximation								0.30%		1.33%		0.61%		0.85%
12 Months Avg SDA Approximation								0.11%		0.89%		0.55%		0.58%
Avg SDA Since Cut-off Approximation								0.11%		0.89%		0.55%		0.58%


Loss Severity Approximation for Current Period								49.34%		59.45%		19.73%		47.93%
3 Months Avg Loss Severity Approximation								16.45%		45.85%		6.58%		42.01%
12 Months Avg Loss Severity Approximation								4.49%		13.16%		1.81%		12.13%
Avg Loss Severity Approximation Since Cut-off								4.49%		13.16%		1.81%		12.13%












Page 34 of 38
Morgan Stanley ABS Capital I Inc. 2005-HE1

Mortgage Pass-Through Certificates

2005-HE1

December 27, 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 35 of 38
Morgan Stanley ABS Capital I Inc. 2005-HE1

Mortgage Pass-Through Certificates

2005-HE1

December 27, 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)

14120869 1
			6.300%		GA - 95.00%		360		134,000.50				27,035.47		0.00

322843079 2			7.750%		GA - 85.00%		360		319,918.65				190,193.58		0.00
37853286 2					MS - 85.00%		360				Revision		-593.00
322830142 3			8.950%		TX - 85.00%		360		65,801.42				32,468.53		0.00


TOTAL									519,720.57			249,104.58		0.00



Page 36 of 38
Morgan Stanley ABS Capital I Inc. 2005-HE1

Mortgage Pass-Through Certificates

2005-HE1

December 27, 2005 Distribution
Triggers and Adj. Cert. Report
TRIGGER EVENTS

								Group 3		Group 2		Group 1		Total
						Trigger Event in effect (0=No , 1=Yes)								0
						Stepdown Date has occurred (0 = No, 1=Yes)								0
						3 months rolling 60+ days includes 60+ bkcs and all flcs								136,373,837.17
						Ending Balance								1,111,041,635.76
						Prior period Senior Enhancement Percentage								26.5666%



ADJUSTABLE RATE CERTIFICATE INFORMATION

SPACE INTENTIONALLY LEFT BLANK



ADDITIONAL INFORMATION

								Group 3		Group 2		Group 1		Total
Basis Risk CarryForward Amount paid														3,367.52
Basis Risk CarryForward Amount unpaid														0.000
Excess Reserve Fund Account Balance														0.00



Page 37 of 38
Morgan Stanley ABS Capital I Inc. 2005-HE1

Mortgage Pass-Through Certificates

2005-HE1

December 27, 2005 Distribution
Other Related Information
ADDITIONAL INFORMATION

								Group 3		Group 2		Group 1		Total
Current Scheduled Payments								2,175,780.52		3,715,325.30		2,146,930.95		8,038,036.78
Current Scheduled Payments 1 Month Prior								2,290,448.39		3,910,203.40		2,277,526.97		8,478,178.75
Current Scheduled Payments 2 Month Prior								2,421,514.54		4,114,673.51		2,412,297.70		8,948,485.74
Current Scheduled Payments 3 Month Prior								2,556,363.90		4,300,575.71		2,557,479.16		9,414,418.77
Current Scheduled Payments 4 Month Prior								2,653,889.29		4,456,646.17		2,670,901.67		9,781,437.14
Current Scheduled Payments 5 Month Prior								2,783,341.70		4,626,906.54		2,804,703.02		10,214,951.26
Current Scheduled Payments 6 Month Prior								2,919,020.56		4,795,379.58		2,907,137.11		10,621,537.25
Current Scheduled Payments 7 Month Prior								3,029,527.91		4,938,129.84		2,991,901.79		10,959,559.55
Current Scheduled Payments 8 Month Prior								3,126,331.24		5,056,642.44		3,074,054.44		11,257,028.13
Current Scheduled Payments 9 Month Prior								3,202,018.37		5,149,477.11		3,131,712.53		11,483,208.01
Current Scheduled Payments 10 Month Prior								3,269,417.03		5,225,615.85		3,174,719.69		11,669,752.57
Current Scheduled Payments 11 Month Prior								0.00		0.00		0.00		0.00





Sched. Payments for 60+Day Delinquent Loans								121,008.99		193,966.72		121,602.30		436,578.01
Sched. Pmts - 60+Day Delinquent Loans, 1 Month Prior								106,465.33		166,542.75		103,830.03		376,838.11
Sched. Pmts - 60+Day Delinquent Loans, 2 Month Prior								91,692.24		143,470.38		97,901.82		333,064.44
Sched. Pmts - 60+Day Delinquent Loans, 3 Month Prior								79,604.32		140,609.83		80,860.53		301,074.69
Sched. Pmts - 60+Day Delinquent Loans, 4 Month Prior								59,129.94		135,067.36		76,160.36		270,357.66
Sched. Pmts - 60+Day Delinquent Loans, 5 Month Prior								50,820.70		102,435.03		66,571.43		219,827.16
Sched. Pmts - 60+Day Delinquent Loans, 6 Month Prior								36,713.03		95,237.56		51,888.50		183,839.09
Sched. Pmts - 60+Day Delinquent Loans, 7 Month Prior								24,322.46		74,474.45		34,987.63		133,784.54
Sched. Pmts - 60+Day Delinquent Loans, 8 Month Prior								31,799.88		45,559.79		13,002.65		90,362.32
Sched. Pmts - 60+Day Delinquent Loans, 9 Month Prior								18,484.15		17,839.00		0.00		36,323.15
Sched. Pmts - 60+Day Delinquent Loans, 10 Month Prior								1,704.65		2,001.75		0.00		3,706.40
Sched. Pmts - 60+Day Delinquent Loans, 11 Month Prior								0.00		0.00		0.00		0.00




Page 38 of 38

Morgan Stanley ABS Capital I Inc. Trust 2005-HE1 8-K