8-K 1 msal04hb1_dec.txt DECEMBER 8-K 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 15,2004 MORGAN STANLEY AUTO LOAN TRUST 2004-HB1 (Exact name of registrant as specified in its charter) New York (governing law of 333-82716-02 51-6555101 Sales and Servicing Agreement) (Commission (State or other File Number) jurisdiction IRS EIN of Incorporation) Wells Fargo Bank, N.A. 6th Street and Marquette Avenue Minneapolis, MN 55479 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (612) 667-8058 (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 under the Exchange Act (17 CFR 240.14a-12) [ ] 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 On December 15, 2004 a distribution was made to holders of MORGAN STANLEY AUTO LOAN TRUST 2004-HB1 ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Morgan Stanley Auto Loan Trust 2004-HB1, relating to the December 15, 2004 distribution. Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. MORGAN STANLEY AUTO LOAN TRUST 2004-HB1 (Registrant) By: Wells Fargo Bank, NA as Trustee By: /s/ Edna Barber, Assistant Vice President By: Edna Barber, Assistant Vice President Date: 12/15/04 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Morgan Stanley Auto Loan Trust 2004-HB1, relating to the December 15, 2004 distribution. EX-99.1

Morgan Stanley Auto Loan Trust 2004-HB1 Record Date: 1012/14/04 Distribution Date: 1012/15/04 Morgan Stanley Auto Loan Trust 2004-HB1 Contact: Wells Fargo Bank, N.A. 6th Street and Marquette Avenue Minneapolis, MN 55479 Telephone: (612) 667-8058 Fax: (612) 667-3529 Certificateholders Distribution Summary Beginning Interest Interest Principal Ending Total Class Cusip Principal Distribution Carryover Distribution Principal Distribution Balance Amount Shortfall Amount Balance A-1 61747RAF7 8740,~~442~~911,~~323~~390.5582 9645,~~915~~343.2446 0.00 2419,~~607~~813,~~526~~513.9276 6221,~~834~~097,~~796~~877.6206 2419,~~704~~858,~~442~~857.1721 A-2 61747RAG5 165,450,000.00 264,720.00 0.00 0.00 165,450,000.00 264,720.00 A-3 61747RAH3 174,400,000.00 383,680.00 0.00 0.00 174,400,000.00 383,680.00 A-4 61747RAJ9 187,285,000.00 519,715.88 0.00 0.00 187,285,000.00 519,715.88 B 61747RAK6 25,000,000.00 63,541.67 0.00 0.00 25,000,000.00 63,541.67 C 61747RAL4 2826,~~710~~363,~~000~~720.0032 6863,~~904~~272.0093 0.00 03,004,529.0075 2823,~~710~~359,~~000~~190.0057 683,~~904~~067,802.0067 D 61747RAM2 13,940,000.00 63,891.67 0.00 0.00 13,940,000.00 63,891.67 Certificates n/a n/a n/a 0668,485.0094 n/a 0668,485.0094 Pool Factors Beginning Interest Interest Principal Ending Interest Class Note Pool Distribution Carryover Distribution Note Pool Rate Factor per 1000 per 1000 per 1000 Factor A-1 0.~~3881151~~1815863 0.~~4301609~~2012581 0.0000000 ~~109~~87.~~2211581~~9428041 0.~~2788939~~0936435 1.33% A-2 1.0000000 1.6000000 0.0000000 0.0000000 1.0000000 1.92% A-3 1.0000000 2.2000000 0.0000000 0.0000000 1.0000000 2.64% A-4 1.0000000 2.7750000 0.0000000 0.0000000 1.0000000 3.33% B 1.0000000 2.5416667 0.0000000 0.0000000 1.0000000 3.05% C 10.~~0000000~~9182766 2.~~4000000~~2038638 0.0000000 0104.~~0000000~~6509838 10.~~0000000~~8136256 2.88% D 1.0000000 4.5833333 0.0000000 0.0000000 1.0000000 5.50% Cash Statement Collections Principal Collections 2221,~~617~~431,~~117~~815.8545 Interest Collections 3,~~726~~475,~~215~~352.5782 Recoveries and Liquidation Proceeds ~~349~~519,~~306~~493.6933 Purchase Amounts and Advance Amounts from servicer ~~217~~237,~~536~~970.3813 Total Collections Amount 2625,~~910~~664,~~176~~631.4973 Disbursements per 1000 Original Principal Balance Servicing Fee 0.~~7035594~~6559353 ~~576~~537,~~978~~922.5372 Servicing Reimbursement Amount 0.~~3197464~~2852517 ~~262~~233,~~219~~930.2564 Owner Trustee Fee 0.0010162 833.33 Indenture Trustee Fee 0.0015242 1,250.00 Note Interest Distribution 1.~~7819719~~7122196 1,~~461~~404,~~368~~165.4560 Regular Principal Allocation 3027.~~0060688~~8239981 2422,~~607~~818,~~526~~043.9250 First Allocation of Principal 0.0000000 0.00 Second Allocation of Principal 0.0000000 0.00 Third Allocation of Principal 0.0000000 0.00 Certificateholders Distribution 668,485.94 Total Distribution Amount 2625,~~910~~664,~~176~~631.4973 Collateral Statement Pool Balance (beginning of Collection Period) ~~692~~645,~~374~~507,~~239~~262.7529 Pool Balance (end of Collection Period) ~~668~~622,~~861~~991,~~690~~905.3575 Overcollateralization Target Amount for next Distribution Date 1312,~~377~~459,~~233~~838.8112 Overcollateralization Amount 1112,~~241~~459,~~893~~838.7312 Delinquency Principal Period Number Balance Percentage 30 - 59 days ~~274~~285 4,~~129~~187,~~933~~922.5150 0.6267% 60 - 89 days 8489 1,~~295~~331,~~017~~316.7449 0.1921% 90 + days 4552 ~~661~~816,~~993~~096.5421 0.1013% Totals ~~403~~426 6,~~086~~335,~~944~~335.7920 01.9102% Pool Delinquency Percentage as of related Determination Date 0.9395% Repossessed Receivables 76 1,~~348~~294,~~108~~520.00 Defaulted Receivables or Repurchased Receivables ~~888~~1,~~860~~075,633.5097 Receivables granted extensions ~~644~~762 1012,~~161~~054,~~280~~412.0181 Repurchase Amounts 0.00 Realized Losses ~~580~~670,~~452~~705.6240 Cram Down Losses 67,~~570~~818.3025 Cumulative Net Loss Ratio as of related Determination Date 0.2034% Six-Month Annualized Net Loss Ratio as of related Determination Date 0.4678% Three-Month Annualized Net Loss Ratio as of related Determination Date 01.7700% WAC 6.4645 WAM 5048.2653

Filing Compare · Morgan Stanley Auto Loan Trust 2004-HB1