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, 2004

Bear Stearns Asset Backed Securities I LLC
(Exact name of registrant as specified in its charter)

Delaware
(State or other jurisdiction
of incorporation)

333-113636
(Commission
File Number)

20-0842986
(IRS Employer
Identification No.)

383 Madison Avenue, New York, New York
(Address of principal executive offices)

10179
(Zip Code)

Registrant's telephone number, including area code 212-272-2000

(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))

Section 8 - Other Events

Item 8.01. Other Events.

This current report on Form 8-K relates to the monthly distribution reported to the holders of Bear Stearns Asset Backed Securities Trust 2004-2, Asset-Backed Certificates, Series 2004-2, which was made on December 27, 2004.

Section 9 - Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits.

99.1 Monthly distribution report pursuant to section 5.05 of the Pooling and Servicing Agreement for the distribution on December 27, 2004.

(Exhibit No. Description)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

LASALLE BANK NATIONAL ASSOCIATION, IN ITS CAPACITY AS TRUSTEE UNDER THE POOLING AND SERVICING AGREEMENT ON BEHALF OF BEAR STEARNS ASSET BACKED SECURITIES I LLC, REGISTRANT

By: /s/ Russell Goldenberg
Russell Goldenberg
Group Senior Vice President

Date: December 29, 2004

Bear Stearns Asset Backed Securities Trust

Asset-Backed Certificates

Series 2004-2

ABN AMRO Acct: 722085.1

Reporting Package Table of Contents

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-04
27-Dec-04

26-Nov-04

25-Jan-05

24-Dec-04

Administrator:
Rita Lopez 312.904.0351
rita.lopez@abnamro.com

Analyst:
James Macmillan 714.259.6217
james.macmillan@abnamro.com

Statement Date:

135 S. LaSalle Street, Suite 1625
Chicago, IL 60603
USA

Statements to Certificateholders
Cash Reconciliation Summary
Other Related Information
Bond Principal Reconciliation

Bond Interest Reconciliation

Asset-Backed Facts ~ 15 Month Loan Status Summary Part I
Asset-Backed Facts ~ 15 Month Loan Status Summary Part II

Realized Loss Detail
Historical REO Report

Page 2-3
Page 4-8
Page 9
Page 10

Page 11

Page 12
Page 13

Page 14
Page 15

Page(s)

Information is available for this issue from the following sources

Issue Id:

Monthly Data File
Name:

BSABS042

BSABS042_200412_3.ZIP

Closing Date:

First Payment Date:

Rated Final Payment: Date:

30-Sep-04
25-Oct-04

25-Aug-34

Parties to The Transaction

Issuer: Bear, Stearns & Co., Inc.

Underwriter: Bear Stearns & Co. Inc.

Master Servicer: EMC Mortgage Corporation

Rating Agency: Standard & Poor's/Fitch Ratings

800.246.5761

LaSalle Factor Line

LaSalle Web Site

Servicer Web Site

www.emcmortgagecorp.com

www.etrustee.net

Page 1 of 15

Class

CUSIP

Original

Opening

Principal

Negative

Closing

Interest

Pass-Through

Per $ 1000

Next Rate(3)

WAC:
WAMM:
Current Index:
Next Index:

Payment Date:
Prior Payment:
Next Payment:
Record Date:

8.482922%

2.180000%
2.417500%

27-Dec-04
27-Dec-04

26-Nov-04

25-Jan-05

24-Dec-04

Bear Stearns Asset Backed Securities Trust

Asset-Backed Certificates

Series 2004-2

Face Value (1)

Balance

Payment

Adj. or Loss

Amortization

Balance

Payment (2)

Adjustment

Rate

280

REMIC III

Statement Date:

ABN AMRO Acct: 722085.1

942.466073824

49.293307500

0.000000000

893.172766324

2.175002206

2.917500000%

0.00

0.000000000

2.68000000%

0.000000000

073879GX0

A-1

68,000,000.00

64,087,693.02

3,351,944.91

0.00

60,735,748.11

147,900.15

925.948942186

63.444680382

0.000000000

862.504261804

2.041203049

2.797500000%

0.00

0.000000000

2.56000000%

0.000000000

073879HX9

A-2

99,838,000.00

92,444,890.49

6,334,190.00

0.00

86,110,700.49

203,789.63

1000.000000000

0.000000000

1000.000000000

2.393888773

3.017500000%

0.00

0.000000000

2.78000000%

0.000000000

073879HY7

A-3

28,662,000.00

0.00

28,662,000.00

68,613.64

928.082592333

61.616634333

0.000000000

866.465958000

1.973980167

2.707500000%

0.00

0.000000000

2.47000000%

0.000000000

073879HZ4

A-4

60,000,000.00

55,684,955.54

3,696,998.06

0.00

51,987,957.48

118,438.81

1000.000000000

0.000000000

1000.000000000

2.523055333

3.167500000%

0.00

0.000000000

2.93000000%

0.000000000

073879JA7

A-5

15,000,000.00

0.00

15,000,000.00

37,845.83

1000.000000000

0.000000000

1000.000000000

4.166666774

Fixed

0.00

0.000000000

5.00000000%

0.000000000

073879GY8

A-IO

30,940,000.00

0.00

30,940,000.00

128,916.67

1000.000000000

0.000000000

1000.000000000

2.566110865

3.217500000%

0.00

0.000000000

2.98000000%

0.000000000

073879GZ5

M-1

11,293,000.00

0.00

11,293,000.00

28,979.09

1000.000000000

0.000000000

1000.000000000

3.513333333

4.317500000%

0.00

0.000000000

4.08000000%

0.000000000

073879HA9

M-2

15,006,000.00

0.00

15,006,000.00

52,721.08

1000.000000000

0.000000000

1000.000000000

5.321666667

6.417500000%

0.00

0.000000000

6.18000000%

0.000000000

073879HB7

M-3

9,282,000.00

0.00

9,282,000.00

49,395.71

1000.000000000

0.000000000

1000.000000000

5.321667385

6.417500000%

0.00

0.000000000

6.18000000%

0.000000000

073879HC5

2,321,000.00

0.00

2,321,000.00

12,351.59

953602.985228406

0.000000000

914431.513248195

0.000000000

0.00

0.000000000

N/A

0.000000000

9ABSS457

B-IO

309,402,640.68

295,047,281.79

0.00

282,927,524.92

0.00

0.000000000

0.00

0.000000000

N/A

0.000000000

9ABSS458

R-1

50.00

0.00

0.000000000

0.00

0.000000000

N/A

0.000000000

9ABSS459

R-2

50.00

0.00

0.000000000

0.00

0.000000000

N/A

0.000000000

9ABSS460

R-3

50.00

0.00

Page 2 of 15

Notes: (1) N denotes notional balance not included in total (2) Accrued Interest Plus/Minus Interest Adjustment Minus Deferred Interest equals Interest Payment (3) Estimated. * Denotes Controlling Class

Class

CUSIP

Original

Opening

Principal

Negative

Closing

Interest

Pass-Through

Per $ 1

Next Rate(3)

WAC:
WAMM:
Current Index:
Next Index:

Payment Date:
Prior Payment:
Next Payment:
Record Date:

8.482922%

2.180000%
2.417500%

27-Dec-04
27-Dec-04

26-Nov-04

25-Jan-05

24-Dec-04

Bear Stearns Asset Backed Securities Trust

Asset-Backed Certificates

Series 2004-2

Face Value (1)

Balance

Payment

Adj. or Loss

Amortization

Balance

Payment (2)

Adjustment

Rate

280

REMIC III

Statement Date:

ABN AMRO Acct: 722085.1

Total P&I Payment

0.00

309,402,150.00

293,781,539.05

14,232,085.17

Total

280,398,406.08

13,383,132.97

0.00

848,952.20

Page 3 of 15

Bear Stearns Asset Backed Securities Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-04
27-Dec-04

26-Nov-04

25-Jan-05

24-Dec-04

Asset-Backed Certificates

Series 2004-2

ABN AMRO Acct: 722085.1

Statement Date:

Cash Reconciliation Summary

Current Scheduled Interest

Interest Summary

Less Deferred Interest

Plus Gross Advance Interest

Less PPIS Reducing Scheduled Int

1,477,303.16

0.00
0.00

Less ASER Interest Adv Reduction

0.00

Less Other Adjustment

0.00

Total

2,051,817.63

Unscheduled Interest:
Prepayment Penalties

152,004.15

Yield Maintenance Penalties

0.00

Other Interest Proceeds

0.00

Total

152,004.15

Less Fees & Expenses Paid By/To Servicer

Less Fee Paid To Servicer
Less Fee Strips Paid by Servicer

Special Servicing Fees

Interest Due Serv on Advances

Recoup of Prior Advances

Misc. Fees & Expenses

Total Unscheduled Fees & Expenses
Total Interest Due Trust

Less Fees & Expenses Paid By/To Trust
Trustee Fee
Fee Strips
Misc. Fees
Interest Reserve Withholding

Plus Interest Reserve Deposit
Total

Total Interest Due Certs

Principal Summary

Scheduled Principal:

Current
Advanced

Total Scheduled

Unscheduled Principal:

Curtailments

Prepayments in Full
Liquidation Proceeds
Repurchase Proceeds

Other Principal Proceeds
Total Unscheduled

Remittance Principal

Remittance P&I Due Trust

Remittance P&I Due Certs

Pool Balance Summary

Beginning Pool
Scheduled Principal
Unscheduled Principal
Deferred Interest
Liquidations
Repurchases

Ending Pool

Balance

Count

Principal

Interest

Prior Outstanding
Plus Current Period
Less Recovered

Ending Outstanding

Servicing Fee Summary

Current Servicing Fees
Plus Fees Advanced for PPIS
Less Reduction for PPIS
Plus Delinquent Servicing Fees

Total Servicing Fees

PPIS Summary

Gross PPIS
Reduced by PPIE
Reduced by Shortfalls in Fees
Reduced by Other Amounts

PPIS Reducing Scheduled
Interest

PPIS Reducing Servicing Fee
PPIS Due Certificate

0.00

0.00
0.00

0.00

2,114,787.02

)

(2,458.73

0.00
0.00
0.00

)

(2,458.73

342,703.68

125,477.10

468,180.78

62,141.40

11,589,434.69

0.00
0.00
0.00

11,651,576.09
12,119,756.87

14,234,543.89

14,232,085.16

295,047,281.79

3,661

468,180.78

11,651,576.09

103

0.00
0.00

0.00

282,927,524.92

3,558

167,283.06

827,409.11

125,477.10

574,514.46

196,062.67

917,149.01

89,034.76

0.00
0.00

33,901.61

122,936.37

0.00
0.00
0.00
0.00
0.00
0.00

0.00

Advance Summary (Advance Made by Servicer)

)

(89,034.76

2,112,328.29

Interest Not Advanced (

Current Period

)

0.00

574,514.46

Workout Fees
Liquidation Fees

0.00
0.00

Less Non Recovered

)

(484,774.57

)

(96,697.49

0.00

Distribution

Cumulative

0.00

0.00
0.00
0.00
0.00

0.00

Page 4 of 15

Bear Stearns Asset Backed Securities Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-04
27-Dec-04

26-Nov-04

25-Jan-05

24-Dec-04

Asset-Backed Certificates

Series 2004-2

ABN AMRO Acct: 722085.1

Statement Date:

Cash Reconciliation Summary Fixed Loans - 1st Lien

Current Scheduled Interest

Interest Summary

Less Deferred Interest

Plus Gross Advance Interest

Less PPIS Reducing Scheduled Int

633,554.19

0.00
0.00

Less ASER Interest Adv Reduction

0.00

Less Other Adjustment

0.00

Total

838,104.97

Unscheduled Interest:
Prepayment Penalties

0.00

Yield Maintenance Penalties

0.00

Other Interest Proceeds

0.00

Total

0.00

Less Fees & Expenses Paid By/To Servicer

Less Fee Paid To Servicer
Less Fee Strips Paid by Servicer

Special Servicing Fees

Interest Due Serv on Advances

Recoup of Prior Advances

Misc. Fees & Expenses

Total Unscheduled Fees & Expenses
Total Interest Due Trust

Less Fees & Expenses Paid By/To Trust
Trustee Fee
Fee Strips
Misc. Fees
Interest Reserve Withholding

Plus Interest Reserve Deposit
Total

Total Interest Due Certs

Principal Summary

Scheduled Principal:

Current
Advanced

Total Scheduled

Unscheduled Principal:

Curtailments

Prepayments in Full
Liquidation Proceeds
Repurchase Proceeds

Other Principal Proceeds
Total Unscheduled

Remittance Principal

Remittance P&I Due Trust

Remittance P&I Due Certs

Pool Balance Summary

Beginning Pool
Scheduled Principal
Unscheduled Principal
Deferred Interest
Liquidations
Repurchases

Ending Pool

Balance

Count

Principal

Interest

Prior Outstanding
Plus Current Period
Less Recovered

Ending Outstanding

Servicing Fee Summary

Current Servicing Fees
Plus Fees Advanced for PPIS
Less Reduction for PPIS
Plus Delinquent Servicing Fees

Total Servicing Fees

PPIS Summary

Gross PPIS
Reduced by PPIE
Reduced by Shortfalls in Fees
Reduced by Other Amounts

PPIS Reducing Scheduled
Interest

PPIS Reducing Servicing Fee
PPIS Due Certificate

0.00

0.00
0.00

0.00

802,337.43

)

(936.53

0.00
0.00
0.00

)

(936.53

215,460.50

71,692.96

287,153.46

49,558.59

3,629,151.95

0.00
0.00
0.00

3,678,710.54
3,965,864.00

4,768,201.43

4,767,264.90

112,383,620.36

1,943

287,153.46

3,678,710.54

0.00
0.00

0.00

108,417,756.36

1,901

92,261.86

282,529.61

71,692.96

204,550.78

109,596.04

316,391.65

35,767.54

0.00
0.00

11,058.97

46,826.51

0.00
0.00
0.00
0.00
0.00
0.00

0.00

Advance Summary (Advance Made by Servicer)

)

(35,767.54

801,400.90

Interest Not Advanced (

Current Period

)

0.00

204,550.78

Workout Fees
Liquidation Fees

0.00
0.00

Less Non Recovered

)

(170,688.73

)

(54,358.78

0.00

Distribution

Cumulative

0.00

0.00
0.00
0.00
0.00

0.00

Page 5 of 15

Bear Stearns Asset Backed Securities Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-04
27-Dec-04

26-Nov-04

25-Jan-05

24-Dec-04

Asset-Backed Certificates

Series 2004-2

ABN AMRO Acct: 722085.1

Statement Date:

Cash Reconciliation Summary Fixed Loans - 2nd Lien

Current Scheduled Interest

Interest Summary

Less Deferred Interest

Plus Gross Advance Interest

Less PPIS Reducing Scheduled Int

62,123.22

0.00
0.00

Less ASER Interest Adv Reduction

0.00

Less Other Adjustment

0.00

Total

84,785.25

Unscheduled Interest:
Prepayment Penalties

0.00

Yield Maintenance Penalties

0.00

Other Interest Proceeds

0.00

Total

0.00

Less Fees & Expenses Paid By/To Servicer

Less Fee Paid To Servicer
Less Fee Strips Paid by Servicer

Special Servicing Fees

Interest Due Serv on Advances

Recoup of Prior Advances

Misc. Fees & Expenses

Total Unscheduled Fees & Expenses
Total Interest Due Trust

Less Fees & Expenses Paid By/To Trust
Trustee Fee
Fee Strips
Misc. Fees
Interest Reserve Withholding

Plus Interest Reserve Deposit
Total

Total Interest Due Certs

Principal Summary

Scheduled Principal:

Current
Advanced

Total Scheduled

Unscheduled Principal:

Curtailments

Prepayments in Full
Liquidation Proceeds
Repurchase Proceeds

Other Principal Proceeds
Total Unscheduled

Remittance Principal

Remittance P&I Due Trust

Remittance P&I Due Certs

Pool Balance Summary

Beginning Pool
Scheduled Principal
Unscheduled Principal
Deferred Interest
Liquidations
Repurchases

Ending Pool

Balance

Count

Principal

Interest

Prior Outstanding
Plus Current Period
Less Recovered

Ending Outstanding

Servicing Fee Summary

Current Servicing Fees
Plus Fees Advanced for PPIS
Less Reduction for PPIS
Plus Delinquent Servicing Fees

Total Servicing Fees

PPIS Summary

Gross PPIS
Reduced by PPIE
Reduced by Shortfalls in Fees
Reduced by Other Amounts

PPIS Reducing Scheduled
Interest

PPIS Reducing Servicing Fee
PPIS Due Certificate

0.00

0.00
0.00

0.00

81,911.02

)

(78.02

0.00
0.00
0.00

)

(78.02

29,435.63

10,081.49

39,517.12

1,310.21

599,435.45

0.00
0.00
0.00

600,745.66
640,262.78

722,173.80

722,095.77

9,362,802.01

351

39,517.12

600,745.66

0.00
0.00

0.00

8,722,539.23

337

12,878.19

33,554.13

10,081.49

22,662.03

15,214.02

34,846.79

2,874.23

0.00
0.00

1,026.94

3,901.17

0.00
0.00
0.00
0.00
0.00
0.00

0.00

Advance Summary (Advance Made by Servicer)

)

(2,874.23

81,832.99

Interest Not Advanced (

Current Period

)

0.00

22,662.03

Workout Fees
Liquidation Fees

0.00
0.00

Less Non Recovered

)

(21,369.36

)

(7,745.66

0.00

Distribution

Cumulative

0.00

0.00
0.00
0.00
0.00

0.00

Page 6 of 15

Bear Stearns Asset Backed Securities Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-04
27-Dec-04

26-Nov-04

25-Jan-05

24-Dec-04

Asset-Backed Certificates

Series 2004-2

ABN AMRO Acct: 722085.1

Statement Date:

Cash Reconciliation Summary ARM Loans - 228

Current Scheduled Interest

Interest Summary

Less Deferred Interest

Plus Gross Advance Interest

Less PPIS Reducing Scheduled Int

541,703.62

0.00
0.00

Less ASER Interest Adv Reduction

0.00

Less Other Adjustment

0.00

Total

814,399.75

Unscheduled Interest:
Prepayment Penalties

0.00

Yield Maintenance Penalties

0.00

Other Interest Proceeds

0.00

Total

0.00

Less Fees & Expenses Paid By/To Servicer

Less Fee Paid To Servicer
Less Fee Strips Paid by Servicer

Special Servicing Fees

Interest Due Serv on Advances

Recoup of Prior Advances

Misc. Fees & Expenses

Total Unscheduled Fees & Expenses
Total Interest Due Trust

Less Fees & Expenses Paid By/To Trust
Trustee Fee
Fee Strips
Misc. Fees
Interest Reserve Withholding

Plus Interest Reserve Deposit
Total

Total Interest Due Certs

Principal Summary

Scheduled Principal:

Current
Advanced

Total Scheduled

Unscheduled Principal:

Curtailments

Prepayments in Full
Liquidation Proceeds
Repurchase Proceeds

Other Principal Proceeds
Total Unscheduled

Remittance Principal

Remittance P&I Due Trust

Remittance P&I Due Certs

Pool Balance Summary

Beginning Pool
Scheduled Principal
Unscheduled Principal
Deferred Interest
Liquidations
Repurchases

Ending Pool

Balance

Count

Principal

Interest

Prior Outstanding
Plus Current Period
Less Recovered

Ending Outstanding

Servicing Fee Summary

Current Servicing Fees
Plus Fees Advanced for PPIS
Less Reduction for PPIS
Plus Delinquent Servicing Fees

Total Servicing Fees

PPIS Summary

Gross PPIS
Reduced by PPIE
Reduced by Shortfalls in Fees
Reduced by Other Amounts

PPIS Reducing Scheduled
Interest

PPIS Reducing Servicing Fee
PPIS Due Certificate

0.00

0.00
0.00

0.00

777,921.12

)

(1,088.17

0.00
0.00
0.00

)

(1,088.17

65,816.08

32,698.43

98,514.51

7,228.61

6,119,332.37

0.00
0.00
0.00

6,126,560.98
6,225,075.49

7,002,996.61

7,001,908.44

130,579,988.71

824

98,514.51

6,126,560.98

0.00
0.00

0.00

124,354,913.22

792

48,591.93

407,438.20

32,698.43

272,696.12

55,118.52

454,231.88

36,478.62

0.00
0.00

17,929.70

54,408.33

0.00
0.00
0.00
0.00
0.00
0.00

0.00

Advance Summary (Advance Made by Servicer)

)

(36,478.62

776,832.95

Interest Not Advanced (

Current Period

)

0.00

272,696.12

Workout Fees
Liquidation Fees

0.00
0.00

Less Non Recovered

)

(225,902.44

)

(26,171.84

0.00

Distribution

Cumulative

0.00

0.00
0.00
0.00
0.00

0.00

Page 7 of 15

Bear Stearns Asset Backed Securities Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-04
27-Dec-04

26-Nov-04

25-Jan-05

24-Dec-04

Asset-Backed Certificates

Series 2004-2

ABN AMRO Acct: 722085.1

Statement Date:

Cash Reconciliation Summary ARM Loans - 327

Current Scheduled Interest

Interest Summary

Less Deferred Interest

Plus Gross Advance Interest

Less PPIS Reducing Scheduled Int

239,922.12

0.00
0.00

Less ASER Interest Adv Reduction

0.00

Less Other Adjustment

0.00

Total

314,527.66

Unscheduled Interest:
Prepayment Penalties

0.00

Yield Maintenance Penalties

0.00

Other Interest Proceeds

0.00

Total

0.00

Less Fees & Expenses Paid By/To Servicer

Less Fee Paid To Servicer
Less Fee Strips Paid by Servicer

Special Servicing Fees

Interest Due Serv on Advances

Recoup of Prior Advances

Misc. Fees & Expenses

Total Unscheduled Fees & Expenses
Total Interest Due Trust

Less Fees & Expenses Paid By/To Trust
Trustee Fee
Fee Strips
Misc. Fees
Interest Reserve Withholding

Plus Interest Reserve Deposit
Total

Total Interest Due Certs

Principal Summary

Scheduled Principal:

Current
Advanced

Total Scheduled

Unscheduled Principal:

Curtailments

Prepayments in Full
Liquidation Proceeds
Repurchase Proceeds

Other Principal Proceeds
Total Unscheduled

Remittance Principal

Remittance P&I Due Trust

Remittance P&I Due Certs

Pool Balance Summary

Beginning Pool
Scheduled Principal
Unscheduled Principal
Deferred Interest
Liquidations
Repurchases

Ending Pool

Balance

Count

Principal

Interest

Prior Outstanding
Plus Current Period
Less Recovered

Ending Outstanding

Servicing Fee Summary

Current Servicing Fees
Plus Fees Advanced for PPIS
Less Reduction for PPIS
Plus Delinquent Servicing Fees

Total Servicing Fees

PPIS Summary

Gross PPIS
Reduced by PPIE
Reduced by Shortfalls in Fees
Reduced by Other Amounts

PPIS Reducing Scheduled
Interest

PPIS Reducing Servicing Fee
PPIS Due Certificate

0.00

0.00
0.00

0.00

300,613.30

)

(356.01

0.00
0.00
0.00

)

(356.01

31,991.47

11,004.22

42,995.69

4,043.99

1,241,514.92

0.00
0.00
0.00

1,245,558.91
1,288,554.60

1,589,167.90

1,588,811.90

42,720,870.71

543

42,995.69

1,245,558.91

0.00
0.00

0.00

41,432,316.11

528

13,551.08

103,887.18

11,004.22

74,605.54

16,134.09

111,678.69

13,914.36

0.00
0.00

3,886.00

17,800.36

0.00
0.00
0.00
0.00
0.00
0.00

0.00

Advance Summary (Advance Made by Servicer)

)

(13,914.36

300,257.30

Interest Not Advanced (

Current Period

)

0.00

74,605.54

Workout Fees
Liquidation Fees

0.00
0.00

Less Non Recovered

)

(66,814.03

)

(8,421.21

0.00

Distribution

Cumulative

0.00

0.00
0.00
0.00
0.00

0.00

Page 8 of 15

Bear Stearns Asset Backed Securities Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-04
27-Dec-04

26-Nov-04

25-Jan-05

24-Dec-04

Asset-Backed Certificates

Series 2004-2

ABN AMRO Acct: 722085.1

Other Related Information

Statement Date:

Excess Cashflow

Excess Yield Maintenance

0.00

Trigger Event

0.00

3 month Rolling Delinquency Rate

4.88

$2,529,118.83

Overcollateralization Amount

Target Overcollateralization

$5,723,948.85

Page 9 of 15

Bear Stearns Asset Backed Securities Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-04
27-Dec-04

26-Nov-04

25-Jan-05

24-Dec-04

Asset-Backed Certificates

Series 2004-2

ABN AMRO Acct: 722085.1

Bond Principal Reconciliation

Credit Support

Original

Current(4)

ABN AMRO

LaSalle Bank

N.A.

Statement Date:

Beginning

Class Balance

Unscheduled

Principal

Payment

Extra

Principal

Payment Amt

Prior

Loss

Reimburs.

Rated

Final

Maturity

Class

Current

Losses

Original

Class Balance

Scheduled

Principal

Payment

Ending

Class Balance

Cumulative

Losses

Interest on

Losses

Additions

Losses

A-1

78.02%

78.34%

8/25/2034

60,735,748.11

0.00

64,087,693.02

68,000,000.00

117,260.75

0.00

316,425.69

2,918,258.47

A-2

45.75%

47.63%

9/25/2025

86,110,700.49

0.00

92,444,890.49

99,838,000.00

221,588.32

0.00

597,951.48

5,514,650.20

A-3

36.49%

37.41%

8/25/2034

28,662,000.00

0.00

28,662,000.00

0.00

A-4

17.10%

18.87%

2/25/2026

51,987,957.48

0.00

55,684,955.54

60,000,000.00

129,331.71

0.00

348,998.92

3,218,667.43

A-5

12.25%

13.52%

8/25/2034

15,000,000.00

0.00

15,000,000.00

0.00

A-IO

3/25/2007

30,940,000.00

0.00

30,940,000.00

0.00

M-1

8.60%

9.49%

8/25/2034

11,293,000.00

0.00

11,293,000.00

0.00

M-2

3.75%

4.14%

8/25/2034

15,006,000.00

0.00

15,006,000.00

0.00

M-3

0.75%

0.83%

8/25/2034

9,282,000.00

0.00

9,282,000.00

0.00

0.00%

8/25/2034

2,321,000.00

0.00

2,321,000.00

0.00

B-IO

8/25/2034

282,927,524.92

0.00

295,047,281.79

309,402,640.68

0.00

619,768,820.84

0.00

8/25/2034

0.00

468,180.78

0.00

11,651,576.10

1,263,376.09

309,402,000.00

280,398,406.08

Page 10 of 15

(1) Extra Principal Amounts: the lessor of (i) the excess, if any, of the overcollateralization Target Amount over the Overcollateralization Amount.

Bear Stearns Asset Backed Securities Trust

Class

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-04
27-Dec-04

26-Nov-04

25-Jan-05

24-Dec-04

Asset-Backed Certificates

Series 2004-2

ABN AMRO Acct: 722085.1

Bond Interest Reconciliation

Additions

Accrual

Method Days

Statement Date:

Accrued

Certificate

Interest

Deposits
from YM

Agreement

Prior

Int Carry-Fwd

Shortfall

Prior

Shortfall

Reimbursement

Other

Interest

Proceeds

Other

Interest

Losses

Current

Int Carry-Fwd

Shortfall

Current Basis

Risk Carry-Fwd

Shortfall

Remaining

Int Carry-Fwd

Shortfall

Remaining Basis

Risk Carry-Fwd

Shortfall

Net Cap Rate

in Effect

Y/N

Distributable

Certificate

Interest

Payment

Amount

Deductions

Outstanding

0.00

A-1

147,900.15

Act/360

0.00

147,900.15

0.00

A-2

203,789.63

Act/360

0.00

203,789.63

0.00

A-3

68,613.64

Act/360

0.00

68,613.64

0.00

A-4

118,438.81

Act/360

0.00

118,438.81

0.00

A-5

37,845.83

Act/360

0.00

37,845.83

0.00

A-IO

128,916.67

30/360

0.00

128,916.67

0.00

12,351.59

Act/360

0.00

12,351.59

0.00

B-IO

1,189,138.53

0.00

1,189,138.53

0.00

1,111,371.94

2,300,510.47

0.00

M-1

28,979.09

Act/360

0.00

28,979.09

0.00

M-2

52,721.08

Act/360

0.00

52,721.08

0.00

M-3

49,395.71

Act/360

0.00

49,395.71

0.00

1,189,138.53

848,952.20

2,038,090.73

848,952.20

0.00

1,111,371.94

2,300,510.47

0.00

(2) Interest Carry-Forward Shortfall is unpaid interest with interest thereon
(3) Basis Risk Carry-Forward Shortfall - difference between LIBOR plus margin and the Net Rate Cap.

Page 11 of 15

(1) Other Interest Proceeds are additional interest amounts specifically allocated to the bond(s) and used in determining the bonds Distributable Interest.

Bear Stearns Asset Backed Securities Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-04
27-Dec-04

26-Nov-04

25-Jan-05

24-Dec-04

Asset-Backed Certificates

Series 2004-2

ABN AMRO Acct: 722085.1

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part I

Distribution

Date

REO

Balance

Statement Date:

Foreclosure

Delinq 3+ Months

Delinq 2 Months

Delinq 1 Month

Current

Balance

Delinquency Aging Categories

7.90%

7.83%

2.36%

2.69%

0.67%

2,423,418

0.86%

1.18%

1.55%

0.00%

27-Dec-04

281

22,165,398

7,601,934

4,386,176

3,127

246,350,599

87.89%

87.07%

6.97%

7.12%

2.62%

3.19%

0.38%

1,247,899

0.42%

0.49%

0.55%

0.00%

26-Nov-04

255

20,998,303

9,400,284

1,635,627

3,278

261,765,169

89.54%

88.72%

7.02%

6.65%

1.90%

2.07%

0.08%

417,095

0.14%

0.03%

0.01%

0.00%

25-Oct-04

262

20,175,423

6,279,404

31,184

3,397

276,521,479

90.97%

91.13%

Page 12 of 15

Bear Stearns Asset Backed Securities Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-04
27-Dec-04

26-Nov-04

25-Jan-05

24-Dec-04

Asset-Backed Certificates

Series 2004-2

ABN AMRO Acct: 722085.1

Distribution

Date

Statement Date:

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance # Balance

# Balance

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance

# Balance

In Foreclosure and Delinquent

In Bankruptcy and Delinquent

In REO and Delinquent

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part II

Current

31 - 60 Days

61 - 90 Days

90 + Days

Balance

27-Dec-04

29,203

1,414,257

640,045

4,356,973

557,736

0.06%

0.01%

0.00%

1.12%

1.54%

0.53%

0.50% 0.31%

0.23% 0.11%

0.20%

0.00%

-0.00%

3.26%

2.02%

116

5,718,013

0.00%

26-Nov-04

1,090,737

922,311

1,635,627

138,613

0.00%

0.49%

0.55%

0.63%

0.37% 0.33%

0.31% 0.05%

0.05%

0.00%

3.17%

2.00%

116

5,914,823

0.00%

25-Oct-04

1,565,819

617,032

0.00%

0.64%

0.52% 0.24%

0.20% 0.00%

0.00%

0.03%

0.01%

3.03%

1.84%

31,184

113

5,588,835

0.00%

Page 13 of 15

Bear Stearns Asset Backed Securities Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-04
27-Dec-04

26-Nov-04

25-Jan-05

24-Dec-04

Asset-Backed Certificates

Series 2004-2

ABN AMRO Acct: 722085.1

Realized Loss Detail

Period

Disclosure

Control #

Appraisal

Date

Appraisal

Value

Beginning
Scheduled

Balance

Gross

Proceeds

Gross Proceeds

as a % of

Sched. Balance

Aggregate

Liquidation
Expenses *

Net

Liquidation

Proceeds

Net Proceeds

as a % of

Sched. Balance

Realized

Loss

Statement Date:

Current Total
Cumulative

Page 14 of 15

* Aggregate liquidation expenses also include outstanding P&I advances and unpaid servicing fees, unpaid trustee fees, etc..

Bear Stearns Asset Backed Securities Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Dec-04
27-Dec-04

26-Nov-04

25-Jan-05

24-Dec-04

Asset-Backed Certificates

Series 2004-2

Historical Collateral Level REO Report

Property

Type

Statement Date:

State

Actual

Balance

Scheduled

Balance

Recent

Appraisal

Value

Appraisal

Reduction

Amount

Date

Liquidated

Liquidation

Proceeds

Liquidation

Expenses

Realized

Loss

Disclosure

Control #

REO

Date

City

Appraisal

Date

ABN AMRO Acct: 722085.1

Page 15 of 15

Bear Stearns Asset Backed Securities Trust 2004-2 8-K