8-K 1 bsa05ac3_10506.txt 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): June 27, 2005 BEAR STEARNS ASSET BACKED SECURITIES TRUST Asset Backed Certificates, Series 2005-AC3 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-113636-38 Pooling and Servicing Agreement) (Commission 54-2173215 (State or other File Number) 54-2173216 jurisdiction 54-2173217 of Incorporation) IRS EIN c/o Wells Fargo Bank, N.A. 9062 Old Annapolis Road Columbia, MD 21045 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 (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 June 27, 2005 a distribution was made to holders of BEAR STEARNS ASSET BACKED SECURITIES TRUST, Asset Backed Certificates, Series 2005-AC3 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Certificates, Series 2005-AC3 Trust, relating to the June 27, 2005 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. BEAR STEARNS ASSET BACKED SECURITIES TRUST Asset Backed Certificates, Series 2005-AC3 Trust (Registrant) By: Wells Fargo Bank, N.A. as Securities Administrator By: /s/ Beth Belfield as Officer By: Beth Belfield as Officer Date: 7/5/05 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Certificates, Series 2005-AC3 Trust, relating to the June 27, 2005 distribution. EX-99.1

~~UNITED~~Bear ~~STATES~~Stearns Asset Backed Securities Asset Backed Certificates Record Date: 5/31/05 Distribution Date: 6/27/05 Bear Stearns Asset Backed Securities Asset Backed Certificates Series 2005-AC3 Contact: Customer Service - CTSLink Wells Fargo Bank, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 www.ctslink.com Telephone: (301) 815-6600 Fax: (301) 815-6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Class CUSIP Description Rate Balance Distribution I-A-1 073879XD5 SEN 3.60063% 151,234,000.00 453,781.40 I-A-2 073879XE3 SEN 1.89937% 0.00 239,374.44 I-M-1 073879XF0 MEZ 3.55063% 12,502,000.00 30,826.37 I-M-2 073879XG8 MEZ 3.75063% 11,897,000.00 30,986.98 I-M-3 073879XH6 MEZ 3.80063% 5,445,000.00 14,371.13 I-B-1 073879XJ2 SUB 4.30063% 4,839,000.00 14,451.91 I-B-2 073879XK9 SUB 4.45063% 4,638,000.00 14,334.74 I-B-3 073879XL7 SUB 4.80063% 3,831,000.00 12,771.68 I-B-4 073879XM5 SUB 6.10063% 5,243,000.00 22,212.22 I-C 073879XR4 OC 0.00000% 2,017,245.09 227,486.45 I-P 073879XQ6 SEN 0.00000% 100.00 10,119.79 I-R-1 073879XN3 RES 0.00000% 0.00 0.00 I-R-2 073879XP8 RES 0.00000% 0.00 0.00 II-A-1 073879WQ7 SEN 5.25000% 152,260,000.00 666,137.50 II-A-2 073879WR5 SEN 5.25000% 5,710,098.00 24,981.68 II-A-3 073879WS3 SEN 3.45063% 51,412,546.00 147,838.06 II-A-4 073879WT1 SEN 4.04937% 0.00 173,490.35 II-X 073879WU8 SEN 0.02466% 0.00 1.53 II-PO 073879WV6 SEN 0.00000% 1,171,356.00 0.00 II-B-1 073879WW4 SUB 5.80247% 8,422,000.00 40,723.69 II-B-2 073879WX2 SUB 5.80247% 2,021,000.00 9,772.33 II-B-3 073879WY0 SUB 5.80247% 1,123,000.00 5,430.15 II-B-4 073879XA1 SUB 5.80247% 1,123,000.00 5,430.15 II-B-5 073879XB9 SUB 5.80247% 786,000.00 3,800.62 II-B-6 073879XC7 SUB 5.80247% 562,232.84 2,718.62 II-R-1 073879WZ7 RES 0.00000% 50.00 0.00 II-R-2 073879XS2 RES 0.00000% 50.00 0.00 II-R-3 073879XT0 RES 0.00000% 50.00 0.00 II-P 073879XU7 SEN 0.00000% 100.00 12,388.00 Totals 426,237,827.93 2,163,429.79

~~SECURITIES~~Certificateholder ~~AND~~Distribution ~~EXCHANGE~~Summary ~~COMMISSION~~(continued) Current Ending Cumulative Principal Realized Certificate Total Realized Class Distribution Loss Balance Distribution Losses I-A-1 2,074,063.33 0.00 149,159,936.67 2,527,844.73 0.00 I-A-2 0.00 0.00 0.00 239,374.44 0.00 I-M-1 171,455.76 0.00 12,330,544.24 202,282.13 0.00 I-M-2 163,158.62 0.00 11,733,841.38 194,145.60 0.00 I-M-3 74,674.18 0.00 5,370,325.82 89,045.31 0.00 I-B-1 66,363.33 0.00 4,772,636.67 80,815.24 0.00 I-B-2 63,606.77 0.00 4,574,393.23 77,941.51 0.00 I-B-3 52,539.35 0.00 3,778,460.65 65,311.03 0.00 I-B-4 71,903.90 0.00 5,171,096.10 94,116.12 0.00 I-C 0.00 0.00 2,017,245.00 227,486.45 0.00 I-P 0.00 0.00 100.00 10,119.79 0.00 I-R-1 0.00 0.00 0.00 0.00 0.00 I-R-2 0.00 0.00 0.00 0.00 0.00 II-A-1 1,415,940.31 0.00 150,844,059.69 2,082,077.81 0.00 II-A-2 53,101.00 0.00 5,656,997.00 78,082.68 0.00 II-A-3 993,600.36 0.00 50,418,945.64 1,141,438.42 0.00 II-A-4 0.00 0.00 0.00 173,490.35 0.00 II-X 0.00 0.00 0.00 1.53 0.00 II-PO 7,225.96 0.00 1,164,130.04 7,225.96 0.00 II-B-1 4,751.12 0.00 8,417,248.88 45,474.81 0.00 II-B-2 1,140.11 0.00 2,019,859.89 10,912.44 0.00 II-B-3 633.52 0.00 1,122,366.48 6,063.67 0.00 II-B-4 633.52 0.00 1,122,366.48 6,063.67 0.00 II-B-5 443.41 0.00 785,556.59 4,244.03 0.00 II-B-6 317.17 0.00 561,915.67 3,035.79 0.00 II-R-1 50.00 0.00 0.00 50.00 0.00 II-R-2 50.00 0.00 0.00 50.00 0.00 II-R-3 50.00 0.00 0.00 50.00 0.00 II-P 0.00 0.00 100.00 12,388.00 0.00 Totals 5,215,701.72 0.00 421,022,126.12 7,379,131.51 0.00 All distributions required by the Pooling and Servicing Agreement have been calculated by the Certificate Administrator on behalf of the Trustee.

~~Washington~~Principal Distribution Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Realized Class Amount Balance Distribution Distribution Accretion Loss (1) I-A-1 151,234,000.00 D151,234,000.00 0.00 2,074,063.33 0.00 0.00 I-A-2 0.00 0.00 0.00 0.00 0.00 0.00 I-M-1 12,502,000.00 12,502,000.00 0.00 171,455.76 0.00 0.00 I-M-2 11,897,000.00 11,897,000.00 0.00 163,158.62 0.00 0.00 I-M-3 5,445,000.00 5,445,000.00 0.00 74,674.18 0.00 0.00 I-B-1 4,839,000.00 4,839,000.00 0.00 66,363.33 0.00 0.00 I-B-2 4,638,000.00 4,638,000.00 0.00 63,606.77 0.00 0.00 I-B-3 3,831,000.00 3,831,000.00 0.00 52,539.35 0.00 0.00 I-B-4 5,243,000.00 5,243,000.00 0.00 71,903.90 0.00 0.00 I-C 2,017,245.09 ~~20549~~2,017,245.09 0.00 0.00 0.00 0.00 I-P 100.00 100.00 0.00 0.00 0.00 0.00 I-R-1 0.00 0.00 0.00 0.00 0.00 0.00 I-R-2 0.00 0.00 0.00 0.00 0.00 0.00 II-A-1 152,260,000.00 152,260,000.00 93,808.31 1,322,132.00 0.00 0.00 II-A-2 5,710,098.00 5,710,098.00 3,518.03 49,582.97 0.00 0.00 II-A-3 51,412,546.00 51,412,546.00 20,793.02 972,807.34 0.00 0.00 II-A-4 0.00 0.00 0.00 0.00 0.00 0.00 II-X 0.00 0.00 0.00 0.00 0.00 0.00 II-PO 1,171,356.00 1,171,356.00 1,714.74 5,511.21 0.00 0.00 II-B-1 8,422,000.00 8,422,000.00 4,751.12 0.00 0.00 0.00 II-B-2 2,021,000.00 2,021,000.00 1,140.11 0.00 0.00 0.00 II-B-3 1,123,000.00 1,123,000.00 633.52 0.00 0.00 0.00 II-B-4 1,123,000.00 1,123,000.00 633.52 0.00 0.00 0.00 II-B-5 786,000.00 786,000.00 443.41 0.00 0.00 0.00 II-B-6 562,232.84 562,232.84 317.17 0.00 0.00 0.00 II-R-1 50.00 50.00 0.00 50.00 0.00 0.00 II-R-2 50.00 50.00 0.00 50.00 0.00 0.00 II-R-3 50.00 50.00 0.00 50.00 0.00 0.00 II-P 100.00 100.00 0.00 0.00 0.00 0.00 Totals 426,237,827.93 426,237,827.93 127,752.95 5,087,948.76 0.00 0.00 (1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

~~FORM~~Principal Distribution Statement (continued) Total Ending Ending Total Principal Certificate Certificate Principal Class Reduction Balance Percentage Distribution I-A-1 2,074,063.33 149,159,936.67 0.98628573 2,074,063.33 I-A-2 0.00 0.00 0.00000000 0.00 I-M-1 171,455.76 12,330,544.24 0.98628573 171,455.76 I-M-2 163,158.62 11,733,841.38 0.98628573 163,158.62 I-M-3 74,674.18 5,370,325.82 0.98628573 74,674.18 I-B-1 66,363.33 4,772,636.67 0.98628573 66,363.33 I-B-2 63,606.77 4,574,393.23 0.98628573 63,606.77 I-B-3 52,539.35 3,778,460.65 0.98628573 52,539.35 I-B-4 71,903.90 5,171,096.10 0.98628573 71,903.90 I-C 0.00 2,017,245.00 0.99999996 0.00 I-P 0.00 100.00 1.00000000 0.00 I-R-1 0.00 0.00 0.00000000 0.00 I-R-2 0.00 0.00 0.00000000 0.00 II-A-1 1,415,940.31 150,844,059.69 0.99070051 1,415,940.31 II-A-2 53,101.00 5,656,997.00 0.99070051 53,101.00 II-A-3 993,600.36 50,418,945.64 0.98067397 993,600.36 II-A-4 0.00 0.00 0.00000000 0.00 II-X 0.00 0.00 0.00000000 0.00 II-PO 7,225.96 1,164,130.04 0.99383112 7,225.96 II-B-1 4,751.12 8,417,248.88 0.99943587 4,751.12 II-KB-2 1,140.11 2,019,859.89 0.99943587 1,140.11 II-B-3 633.52 1,122,366.48 0.99943587 633.52 II-B-4 633.52 1,122,366.48 0.99943587 633.52 II-B-5 443.41 785,556.59 0.99943587 443.41 II-B-6 317.17 561,915.67 0.99943587 317.17 II-R-1 50.00 0.00 0.00000000 50.00 II-R-2 50.00 0.00 0.00000000 50.00 II-R-3 50.00 0.00 0.00000000 50.00 II-P 0.00 100.00 1.00000000 0.00 Totals 5,215,701.72 421,022,126.12 0.98776340 5,215,701.72

~~CURRENT~~Principal ~~REPORT~~Distribution Factors Statement Original Beginning Scheduled Unscheduled Face Certificate Principal Principal Class (2) Amount Balance Distribution Distribution Accretion I-A-1 151,234,000.00 1000.00000000 0.00000000 13.71426617 0.00000000 I-A-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 I-M-1 12,502,000.00 1000.00000000 0.00000000 13.71426652 0.00000000 I-M-2 11,897,000.00 1000.00000000 0.00000000 13.71426578 0.00000000 I-M-3 5,445,000.00 1000.00000000 0.00000000 13.71426630 0.00000000 I-B-1 4,839,000.00 1000.00000000 0.00000000 13.71426534 0.00000000 I-B-2 4,638,000.00 1000.00000000 0.00000000 13.71426693 0.00000000 I-B-3 3,831,000.00 1000.00000000 0.00000000 13.71426520 0.00000000 I-B-4 5,243,000.00 1000.00000000 0.00000000 13.71426664 0.00000000 I-C 2,017,245.09 1000.00000000 0.00000000 0.00000000 0.00000000 I-P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000 I-R-1 0.00 0.00000000 0.00000000 0.00000000 0.00000000 I-R-2 0.00 0.00000000 0.00000000 0.00000000 0.00000000 II-A-1 152,260,000.00 1000.00000000 0.61610607 8.68338369 0.00000000 II-A-2 5,710,098.00 1000.00000000 0.61610676 8.68338337 0.00000000 II-A-3 51,412,546.00 1000.00000000 0.40443475 18.92159435 0.00000000 II-A-4 0.00 0.00000000 0.00000000 0.00000000 0.00000000 II-X 0.00 0.00000000 0.00000000 0.00000000 0.00000000 II-PO 1,171,356.00 1000.00000000 1.46389313 4.70498294 0.00000000 II-B-1 8,422,000.00 1000.00000000 0.56413204 0.00000000 0.00000000 II-B-2 2,021,000.00 1000.00000000 0.56413162 0.00000000 0.00000000 II-B-3 1,123,000.00 1000.00000000 0.56413179 0.00000000 0.00000000 II-B-4 1,123,000.00 1000.00000000 0.56413179 0.00000000 0.00000000 II-B-5 786,000.00 1000.00000000 0.56413486 0.00000000 0.00000000 II-B-6 562,232.84 1000.00000000 0.56412571 0.00000000 0.00000000 II-R-1 50.00 1000.00000000 0.00000000 1000.00000000 0.00000000 II-R-2 50.00 1000.00000000 0.00000000 1000.00000000 0.00000000 II-R-3 50.00 1000.00000000 0.00000000 1000.00000000 0.00000000 II-P 100.00 1000.00000000 0.00000000 0.00000000 0.00000000

~~Pursuant~~Principal toDistribution ~~Section~~Factors Statement (continued) Total Ending Ending Total Realized Principal Certificate Certificate Principal Class Loss (3) Reduction Balance Percentage Distribution I-A-1 0.00000000 13.71426617 or986.28573383 150.98628573 13.71426617 I-A-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 I-M-1 0.00000000 13.71426652 986.28573348 0.98628573 13.71426652 I-M-2 0.00000000 13.71426578 986.28573422 0.98628573 13.71426578 I-M-3 0.00000000 13.71426630 986.28573370 0.98628573 13.71426630 I-B-1 0.00000000 13.71426534 986.28573466 0.98628573 13.71426534 I-B-2 0.00000000 13.71426693 986.28573307 0.98628573 13.71426693 I-B-3 0.00000000 13.71426520 986.28573480 0.98628573 13.71426520 I-B-4 0.00000000 13.71426664 986.28573336 0.98628573 13.71426664 I-C 0.00000000 0.00000000 999.99995538 0.99999996 0.00000000 I-P 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 I-R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 I-R-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-A-1 0.00000000 9.29948975 990.70051025 0.99070051 9.29948975 II-A-2 0.00000000 9.29949013 990.70050987 0.99070051 9.29949013 II-A-3 0.00000000 19.32602910 980.67397090 0.98067397 19.32602910 II-A-4 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-X 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-PO 0.00000000 6.16888461 993.83111539 0.99383112 6.16888461 II-B-1 0.00000000 0.56413204 999.43586796 0.99943587 0.56413204 II-B-2 0.00000000 0.56413162 999.43586838 0.99943587 0.56413162 II-B-3 0.00000000 0.56413179 999.43586821 0.99943587 0.56413179 II-B-4 0.00000000 0.56413179 999.43586821 0.99943587 0.56413179 II-B-5 0.00000000 0.56413486 999.43586514 0.99943587 0.56413486 II-B-6 0.00000000 0.56412571 999.43587429 0.99943587 0.56412571 II-R-1 0.00000000 1,000.00000000 0.00000000 0.00000000 1,000.00000000 II-R-2 0.00000000 1,000.00000000 0.00000000 0.00000000 1,000.00000000 II-R-3 0.00000000 1,000.00000000 0.00000000 0.00000000 1,000.00000000 II-P 0.00000000 0.00000000 1,000.00000000 1.00000000 0.00000000 (d3) ofAmount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

~~Securities~~Interest ~~Exchange~~Distribution ~~Act~~Statement Beginning Payment of ~~1934~~Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class Amount Rate Balance Interest Shortfall Shortfall I-A-1 151,234,000.00 3.60063% 151,234,000.00 453,781.40 0.00 0.00 I-A-2 0.00 1.89937% 151,234,000.00 239,374.44 0.00 0.00 I-M-1 12,502,000.00 3.55063% 12,502,000.00 30,826.37 0.00 0.00 I-M-2 11,897,000.00 3.75063% 11,897,000.00 30,986.98 0.00 0.00 I-M-3 5,445,000.00 3.80063% 5,445,000.00 14,371.13 0.00 0.00 I-B-1 4,839,000.00 4.30063% 4,839,000.00 14,451.91 0.00 0.00 I-B-2 4,638,000.00 4.45063% 4,638,000.00 14,334.74 0.00 0.00 I-B-3 3,831,000.00 4.80063% 3,831,000.00 12,771.68 0.00 0.00 I-B-4 5,243,000.00 6.10063% 5,243,000.00 22,212.22 0.00 0.00 I-C 2,017,245.09 0.00000% 2,017,245.09 0.00 0.00 0.00 I-P 100.00 0.00000% 100.00 0.00 0.00 0.00 I-R-1 0.00 0.00000% 0.00 0.00 0.00 0.00 I-R-2 0.00 0.00000% 0.00 0.00 0.00 0.00 II-A-1 152,260,000.00 5.25000% 152,260,000.00 666,137.50 0.00 0.00 II-A-2 5,710,098.00 5.25000% 5,710,098.00 24,981.68 0.00 0.00 II-A-3 51,412,546.00 3.45063% 51,412,546.00 147,838.06 0.00 0.00 II-A-4 0.00 4.04937% 51,412,546.00 173,490.35 0.00 0.00 II-X 0.00 0.02466% 74,232.00 1.53 0.00 0.00 II-PO 1,171,356.00 0.00000% 1,171,356.00 0.00 0.00 0.00 II-B-1 8,422,000.00 5.80247% 8,422,000.00 40,723.69 0.00 0.00 II-B-2 2,021,000.00 5.80247% 2,021,000.00 9,772.33 0.00 0.00 II-B-3 1,123,000.00 5.80247% 1,123,000.00 5,430.15 0.00 0.00 II-B-4 1,123,000.00 5.80247% 1,123,000.00 5,430.15 0.00 0.00 II-B-5 786,000.00 5.80247% 786,000.00 3,800.62 0.00 0.00 II-B-6 562,232.84 5.80247% 562,232.84 2,718.62 0.00 0.00 II-R-1 50.00 0.00000% 50.00 0.00 0.00 0.00 II-R-2 50.00 0.00000% 50.00 0.00 0.00 0.00 II-R-3 50.00 0.00000% 50.00 0.00 0.00 0.00 II-P 100.00 0.00000% 100.00 0.00 0.00 0.00 Totals 426,237,827.93 1,913,435.55 0.00 0.00

~~Date~~Interest ofDistribution ~~Report~~Statement (~~Date~~continued) ofRemaining ~~earliest~~Ending ~~event~~Non-Supported ~~reported~~Total Unpaid Certificate/ Interest Realized Interest Interest Notional Class Shortfall Losses (4) ~~May~~Distribution 31Shortfall Balance I-A-1 0.00 0.00 453,781.40 ~~2005~~0.00 149,159,936.67 I-A-2 0.00 0.00 239,374.44 0.00 149,159,936.67 I-M-1 0.00 0.00 30,826.37 0.00 12,330,544.24 I-M-2 0.00 0.00 30,986.98 0.00 11,733,841.38 I-M-3 0.00 0.00 14,371.13 0.00 5,370,325.82 I-B-1 0.00 0.00 14,451.91 0.00 4,772,636.67 I-B-2 0.00 0.00 14,334.74 0.00 4,574,393.23 I-B-3 0.00 0.00 12,771.68 0.00 3,778,460.65 I-B-4 0.00 0.00 22,212.22 0.00 5,171,096.10 I-C 0.00 0.00 227,486.45 0.00 2,017,245.00 I-P 0.00 0.00 10,119.79 0.00 100.00 I-R-1 0.00 0.00 0.00 0.00 0.00 I-R-2 0.00 0.00 0.00 0.00 0.00 II-A-1 0.00 0.00 666,137.50 0.00 150,844,059.69 II-A-2 0.00 0.00 24,981.68 0.00 5,656,997.00 II-A-3 0.00 0.00 147,838.06 0.00 50,418,945.64 II-A-4 0.00 0.00 173,490.35 0.00 50,418,945.64 II-X 0.00 0.00 1.53 0.00 376,260.16 II-PO 0.00 0.00 0.00 0.00 1,164,130.04 II-B-1 0.00 0.00 40,723.69 0.00 8,417,248.88 II-B-2 0.00 0.00 9,772.33 0.00 2,019,859.89 II-B-3 0.00 0.00 5,430.15 0.00 1,122,366.48 II-B-4 0.00 0.00 5,430.15 0.00 1,122,366.48 II-B-5 0.00 0.00 3,800.62 0.00 785,556.59 II-B-6 0.00 0.00 2,718.62 0.00 561,915.67 II-R-1 0.00 0.00 0.00 0.00 0.00 II-R-2 0.00 0.00 0.00 0.00 0.00 II-R-3 0.00 0.00 0.00 0.00 0.00 II-P 0.00 0.00 12,388.00 0.00 100.00 Totals 0.00 0.00 2,163,429.79 0.00 (4) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

~~BEAR~~Interest ~~STEARNS~~Distribution ~~ASSET~~Factors ~~BACKED~~Statement ~~SECURITIES~~Beginning Payment of Original Current Certificate/ Current Unpaid Current Face Certificate Notional Accrued Interest Interest Class (5) Amount Rate Balance Interest Shortfall Shortfall I-A-1 ~~LLC~~151,234,000.00 3.60063% 1000.00000000 3.00052501 0.00000000 0.00000000 I-A-2 0.00 1.89937% 1000.00000000 1.58280836 0.00000000 0.00000000 I-M-1 12,502,000.00 3.55063% 1000.00000000 2.46571509 0.00000000 0.00000000 I-M-2 11,897,000.00 3.75063% 1000.00000000 2.60460452 0.00000000 0.00000000 I-M-3 5,445,000.00 3.80063% 1000.00000000 2.63932599 0.00000000 0.00000000 I-B-1 4,839,000.00 4.30063% 1000.00000000 2.98654887 0.00000000 0.00000000 I-B-2 4,638,000.00 4.45063% 1000.00000000 3.09071583 0.00000000 0.00000000 I-B-3 3,831,000.00 4.80063% 1000.00000000 3.33377186 0.00000000 0.00000000 I-B-4 5,243,000.00 6.10063% 1000.00000000 4.23654778 0.00000000 0.00000000 I-C 2,017,245.09 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 I-P 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 I-R-1 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 I-R-2 0.00 0.00000% 0.00000000 0.00000000 0.00000000 0.00000000 II-A-1 152,260,000.00 5.25000% 1000.00000000 4.37500000 0.00000000 0.00000000 II-A-2 5,710,098.00 5.25000% 1000.00000000 4.37500022 0.00000000 0.00000000 II-A-3 51,412,546.00 3.45063% 1000.00000000 2.87552497 0.00000000 0.00000000 II-A-4 0.00 4.04937% 1000.00000000 3.37447498 0.00000000 0.00000000 II-X 0.00 0.02466% 1000.00000000 0.02061106 0.00000000 0.00000000 II-PO 1,171,356.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 II-B-1 8,422,000.00 5.80247% 1000.00000000 4.83539421 0.00000000 0.00000000 II-B-2 2,021,000.00 5.80247% 1000.00000000 4.83539337 0.00000000 0.00000000 II-B-3 1,123,000.00 5.80247% 1000.00000000 4.83539626 0.00000000 0.00000000 II-B-4 1,123,000.00 5.80247% 1000.00000000 4.83539626 0.00000000 0.00000000 II-B-5 786,000.00 5.80247% 1000.00000000 4.83539440 0.00000000 0.00000000 II-B-6 562,232.84 5.80247% 1000.00000000 4.83539880 0.00000000 0.00000000 II-R-1 50.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 II-R-2 50.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 II-R-3 50.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 II-P 100.00 0.00000% 1000.00000000 0.00000000 0.00000000 0.00000000 (5) Per $1 denomination.

Interest Distribution Factors Statement (~~Exact~~continued) ~~name~~Remaining ofEnding ~~registrant~~Non-Supported asTotal ~~specified~~Unpaid inCertificate/ ~~its~~Interest ~~charter~~Realized Interest Interest Notional Class Shortfall Losses (6) Distribution Shortfall Balance I-A-1 0.00000000 0.00000000 3.00052501 0.00000000 986.28573383 I-A-2 0.00000000 0.00000000 1.58280836 0.00000000 986.28573383 I-M-1 0.00000000 0.00000000 2.46571509 0.00000000 986.28573348 I-M-2 0.00000000 0.00000000 2.60460452 0.00000000 986.28573422 I-M-3 0.00000000 0.00000000 2.63932599 0.00000000 986.28573370 I-B-1 0.00000000 0.00000000 2.98654887 0.00000000 986.28573466 I-B-2 0.00000000 0.00000000 3.09071583 0.00000000 986.28573307 I-B-3 0.00000000 0.00000000 3.33377186 0.00000000 986.28573480 I-B-4 0.00000000 0.00000000 4.23654778 0.00000000 986.28573336 I-C 0.00000000 0.00000000 112.77085324 0.00000000 999.99995538 I-P 0.00000000 0.00000000 101197.90000000 0.00000000 1000.00000000 I-R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 I-R-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-A-1 0.00000000 0.00000000 4.37500000 0.00000000 990.70051025 II-A-2 0.00000000 0.00000000 4.37500022 0.00000000 990.70050987 II-A-3 0.00000000 0.00000000 2.87552497 0.00000000 980.67397090 II-A-4 0.00000000 0.00000000 3.37447498 0.00000000 980.67397090 II-X 0.00000000 0.00000000 0.02061106 0.00000000 5068.70567949 II-PO 0.00000000 0.00000000 0.00000000 0.00000000 993.83111539 II-B-1 0.00000000 0.00000000 4.83539421 0.00000000 999.43586796 II-B-2 0.00000000 0.00000000 4.83539337 0.00000000 999.43586838 II-B-3 0.00000000 0.00000000 4.83539626 0.00000000 999.43586821 II-B-4 0.00000000 0.00000000 4.83539626 0.00000000 999.43586821 II-B-5 0.00000000 0.00000000 4.83539440 0.00000000 999.43586514 II-B-6 0.00000000 0.00000000 4.83539880 0.00000000 999.43587429 II-R-1 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-R-2 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-R-3 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 II-P 0.00000000 0.00000000 123880.00000000 0.00000000 1000.00000000 (6) Amount Does Not Include Excess Special Hazard, Bankruptcy,or Fraud Losses Unless Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.

Delaware	333-113636	20-0842986
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)
383 Madison Avenue New York, New York		10179
(Address of Principal Executive Offices)		(Zip Code)

~~Registrant’s~~PREPAYMENT/CURTAILMENT ~~telephone~~INTEREST ~~number,~~SHORTFALL ~~including~~Total ~~area~~Prepayment/Curtailment ~~code,~~Interest isShortfall ~~(212)~~0.00 ~~272~~Servicing Fee Support 0.00 Non-~~2000~~Supported Prepayment/Curtailment Interest Shortfall 0.00

~~Check~~SERVICING ~~the~~FEES ~~appropriate~~Gross ~~box~~Servicing ~~below~~Fee if88,593.85 ~~the~~Miscellaneous ~~Form~~Fee ~~8-K~~2,262.00 ~~filing~~Supported isPrepayment/Curtailment ~~intended~~Interest toShortfall ~~simultaneously~~0.00 ~~satisfy~~Net ~~the~~Servicing ~~filing~~Fee ~~obligation of the registrant under any of the following provisions (see General Instruction A~~90,855.~~2. below):~~85

oOTHER ~~Written~~ACCOUNTS ~~communications~~Beginning ~~pursuant~~Current toCurrent ~~Rule~~Ending ~~425~~Account ~~under~~Type ~~the~~Balance ~~Securities~~Withdrawals ~~Act~~Deposits ~~(17~~Balance ~~CFR~~Net ~~230~~Wac Reserve Fund 5,000.~~425)~~00 0.00 0.00 5,000.00 Class I-P Certificate Account 100.00 0.00 0.00 100.00 Class II-P Certificate Account 100.00 0.00 0.00 100.00

oLOAN ~~Soliciting~~STATUS ~~material~~STRATIFICATION/CREDIT ~~pursuant~~ENHANCEMENT toSTATEMENT ~~Rule~~DELINQUENT ~~14a~~BANKRUPTCY FORECLOSURE REO Total No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-~~12(b)~~29 ~~under~~Days ~~the~~0 ~~Exchange~~0 ~~Act~~0 ~~(17~~0 ~~CFR~~0.00 ~~240~~0.~~14a~~00 0.00 0.00 30 Days 65 0 0 0 65 14,381,022.93 0.00 0.00 0.00 14,381,022.93 60 Days 5 0 0 0 5 968,931.50 0.00 0.00 0.00 968,931.50 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 70 0 0 0 70 15,349,954.43 0.00 0.00 0.00 15,349,954.43 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-~~12(b))~~29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 3.481521% 0.000000% 0.000000% 0.000000% 3.481521% 3.414704% 0.000000% 0.000000% 0.000000% 3.414704% 60 Days 0.267809% 0.000000% 0.000000% 0.000000% 0.267809% 0.230068% 0.000000% 0.000000% 0.000000% 0.230068% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 3.749330% 0.000000% 0.000000% 0.000000% 3.749330% 3.644772% 0.000000% 0.000000% 0.000000% 3.644772%

Delinquency Status By Groups

oDELINQUENT ~~Pre~~BANKRUPTCY FORECLOSURE REO Total 1 No of Loans No of Loans No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-~~commencement~~29 ~~communications~~Days ~~pursuant~~0 to0 ~~Rule~~0 ~~14d~~0 0.00 0.00 0.00 0.00 30 Days 54 0 0 0 54 10,658,167.04 0.00 0.00 0.00 10,658,167.04 60 Days 4 0 0 0 4 646,531.50 0.00 0.00 0.00 646,531.50 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 58 0 0 0 58 11,304,698.54 0.00 0.00 0.00 11,304,698.54 0-29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 5.856833% 0.000000% 0.000000% 0.000000% 5.856833% 5.357221% 0.000000% 0.000000% 0.000000% 5.357221% 60 Days 0.433839% 0.000000% 0.000000% 0.000000% 0.433839% 0.324973% 0.000000% 0.000000% 0.000000% 0.324973% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 6.290672% 0.000000% 0.000000% 0.000000% 6.290672% 5.682193% 0.000000% 0.000000% 0.000000% 5.682193% DELINQUENT BANKRUPTCY FORECLOSURE REO Total 2~~(b)~~ ~~under~~No ~~the~~of ~~Exchange~~Loans ~~Act~~No ~~(17~~of ~~CFR~~Loans ~~240~~No of Loans No of Loans No of Loans Principal Balance Principal Balance Principal Balance Principal Balance Principal Balance 0-29 Days 0 0 0 0 0.~~14d~~00 0.00 0.00 0.00 30 Days 11 0 0 0 11 3,722,855.89 0.00 0.00 0.00 3,722,855.89 60 Days 1 0 0 0 1 322,400.00 0.00 0.00 0.00 322,400.00 90 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 120 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 150 Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 180+ Days 0 0 0 0 0 0.00 0.00 0.00 0.00 0.00 Totals 12 0 0 0 12 4,045,255.89 0.00 0.00 0.00 4,045,255.89 0-~~2(b))~~29 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 30 Days 1.164021% 0.000000% 0.000000% 0.000000% 1.164021% 1.675450% 0.000000% 0.000000% 0.000000% 1.675450% 60 Days 0.105820% 0.000000% 0.000000% 0.000000% 0.105820% 0.145094% 0.000000% 0.000000% 0.000000% 0.145094% 90 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 120 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 150 Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 180+ Days 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% 0.000000% Totals 1.269841% 0.000000% 0.000000% 0.000000% 1.269841% 1.820544% 0.000000% 0.000000% 0.000000% 1.820544%

oOTHER ~~Pre-commencement~~INFORMATION ~~communications~~Current ~~pursuant~~Period toClass ~~Rule~~A ~~13e-4(c)~~Insufficient ~~under~~Funds ~~the~~0.00 ~~Exchange~~Principal ~~Act~~Balance ~~(17~~of ~~CFR~~Contaminated ~~240~~Properties 0.~~13e-4(c))~~00 Periodic Advance 88,666.86

Item 9.01(c).		Financial Statements, Pro Forma Financial Information and Exhibits.
	(a)	Not applicable
	(b)	Not applicable
	(c)	Exhibits:

~~1. Pooling~~Miscellaneous ~~and~~Reporting ~~Servicing~~3 ~~Agreement,~~Month ~~dated~~Rolling asAverage ofDelinquency ~~May~~0.003250% 1,Group ~~2005, among Bear Stearns Asset Backed Securities~~ I ~~LLC,~~Extra aPrin ~~Delaware~~Distribution limited liability company, as depositor, EMC Mortgage Corporation, a Delaware corporation, as seller and as company, Wells Fargo Bank, National Association, a national banking association, as master servicer and securities administrator and U0.S.00 ~~Bank~~Yield ~~National~~Maintenance ~~Association, as trustee~~0.00

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.

BEAR STEARNS ASSET BACKED SECURITIES I LLC By: /s/ Baron Silverstein Name: Baron Silverstein Title: Vice President

Dated: June 15, 2005

EXHIBIT INDEX

Exhibit Number	Item 601(a) of Regulation S-K Exhibit No.	Sequentially Numbered Description	Page
1	4	Pooling and Servicing Agreement	5

Filing Compare · Bear Stearns Asset Backed Securities I Trust 2005-AC3