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

Merrill Lynch Mortgage Investors, Inc.
(Exact name of registrant as specified in its charter)

Delaware
(State or other jurisdiction
of incorporation)

333-127233
(Commission
File Number)

13-3416059
(IRS Employer
Identification No.)

250 Vesey Street, 4 World Financial Center, 28th Floor, New York, New York
(Address of principal executive offices)

10080
(Zip Code)

Registrant's telephone number, including area code 212-449-0357

(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 Merrill Lynch Mortgage Investors Trust, Mortgage Loan Asset-Backed Certificates, Series 2005-SL3, which was made on December 27, 2005.

Section 9 - Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits.

(Exhibit No. Description)
99.1 Monthly distribution report pursuant to section 4.05 of the Pooling and Servicing Agreement for the distribution on 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 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 MERRILL LYNCH MORTGAGE INVESTORS, INC., REGISTRANT

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

Date: January 3, 2006

Merrill Lynch Mortgage Investors Trust

Mortgage Loan Asset-Backed Certificates

Series 2005-SL3

ABN AMRO Acct: 723130.1

Reporting Package Table of Contents

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

30-Nov-05

Administrator:

Megan Olson 312.904.6709
megan.olson@abnamro.com

Analyst:

David Ratner 714.259.6251
david.ratner@abnamro.com

Statement Date:

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

Statements to Certificateholders
Cash Reconciliation Summary
Bond Interest Reconciliation
Bond Principal Reconciliation

Shortfall Summary Report

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

Asset-Backed Facts ~ 15 Month Loan Payoff/Loss Summary
Realized Loss Detail
Other Related Information

Page 2-3
Page 4
Page 5
Page 6

Page 7

Page 8
Page 9

Page 10
Page 11

Page 12

Rating Information

Page 13

Page(s)

Information is available for this issue from the following sources

Issue Id:

Monthly Data File
Name:

MLMI5SL3

MLMI5SL3_200512_3.ZIP

Closing Date:

First Payment Date:

Rated Final Payment: Date:

10-Nov-05
25-Nov-05

25-Jul-36

Parties to The Transaction

Issuer: Merrill Lynch & Company- Asset Backed Sec. Group

Depositor: Merrill Lynch Mortgage Investors Inc.

Underwriter: Merrill Lynch & Company- Asset Backed Sec. Group

Master Servicer: Wilshire Credit Corporation

Rating Agency: Moody's Investors Service, Inc./Fitch/Standard & Poor's

800.246.5761

LaSalle Factor Line

LaSalle Web Site

www.etrustee.net

Page 1 of 13

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:

9.841859%

4.193750%
4.378750%

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

30-Nov-05

Merrill Lynch Mortgage Investors Trust

Mortgage Loan Asset-Backed Certificates

Series 2005-SL3

Face Value (1)

Balance

Payment

Adj. or Loss

Amortization

Balance

Payment (2)

Adjustment

Rate

223

Bond Payments

Statement Date:

ABN AMRO Acct: 723130.1

953.404233148

42.785298070

0.000000000

910.618935078

3.748997308

4.6087500000%

0.00

0.000000000

4.4237500000%

0.000000000

59020UK38

A-1

131,127,000.00

5,610,307.78

0.00

119,406,729.10

491,594.77

125,017,036.88

941.755513527

53.481418657

0.000000000

888.274094869

4.211452213

Fixed

0.00

0.000000000

5.3663000000%

0.000000000

59020UN68

A-2A

104,902,000.00

5,610,307.78

0.00

93,181,729.10

441,789.76

98,792,036.88

1000.000000000

0.000000000

1000.000000000

4.475333460

Fixed

0.00

0.000000000

5.3704000000%

0.000000000

59020UN76

A-2B

26,225,000.00

0.00

26,225,000.00

117,365.62

26,225,000.00

1000.000000000

0.000000000

1000.000000000

4.136666772

4.8387500000%

0.00

0.000000000

4.6537500000%

0.000000000

59020UK46

M-1

31,771,000.00

0.00

31,771,000.00

131,426.04

31,771,000.00

1000.000000000

0.000000000

1000.000000000

4.323333462

5.0487500000%

0.00

0.000000000

4.8637500000%

0.000000000

59020UK53

M-2

25,943,000.00

0.00

25,943,000.00

112,160.24

25,943,000.00

1000.000000000

0.000000000

1000.000000000

4.794444736

5.5787500000%

0.00

0.000000000

5.3937500000%

0.000000000

59020UK61

B-1

15,227,000.00

0.00

15,227,000.00

73,005.01

15,227,000.00

1000.000000000

0.000000000

1000.000000000

5.105556251

5.9287500000%

0.00

0.000000000

5.7437500000%

0.000000000

59020UK79

B-2

6,391,000.00

0.00

6,391,000.00

32,629.61

6,391,000.00

1000.000000000

0.000000000

1000.000000000

5.638889247

6.5287500000%

0.00

0.000000000

6.3437500000%

0.000000000

59020UK87

B-3

6,203,000.00

0.00

6,203,000.00

34,978.03

6,203,000.00

1000.000000000

0.000000000

1000.000000000

7.505556110

8.6287500000%

0.00

0.000000000

8.4437500000%

0.000000000

59020UK95/U5910EFV1

B-4

6,015,000.00

0.00

6,015,000.00

45,145.92

6,015,000.00

1000.000000000

0.000000000

1000.000000000

7.505555950

8.6287500000%

0.00

0.000000000

8.4437500000%

0.000000000

59020UL29/U5910EFW9

B-5

5,639,000.00

0.00

5,639,000.00

42,323.83

5,639,000.00

1114.131711487

0.000000000

1192.674218413

0.000000000

1,299,748.49

)

(24,453.69

)

(1.477712135

N/A

78.542506926

59020UP25

16,548,344.85

0.00

19,736,784.26

0.00

18,437,035.77

0.000000000

N/A

0.00

0.000000000

N/A

0.000000000

59020UN84

100.00

0.00

0.000000000

0.00

0.000000000

N/A

0.000000000

9ABSY461

LTR

0.00

Total P&I Payment

1,299,748.49

)

(24,453.69

375,991,444.85

365,660,109.53

12,743,034.39

Total

355,739,242.46

11,220,615.56

0.00

1,522,418.83

Page 2 of 13

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 $ 1000

Next Rate(3)

WAC:
WAMM:
Current Index:
Next Index:

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

9.841859%

4.193750%
4.378750%

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

30-Nov-05

Merrill Lynch Mortgage Investors Trust

Mortgage Loan Asset-Backed Certificates

Series 2005-SL3

Face Value (1)

Balance

Payment

Adj. or Loss

Amortization

Balance

Payment (2)

Adjustment

Rate

223

Bond Payments

Statement Date:

ABN AMRO Acct: 723130.1

0.000000000

0.00

100,889.75

0.000000000

N/A

0.000000000

59020UN92

0.00

100,889.75

0.00

Total P&I Payment

0.00

100,889.75

0.00

100,889.75

Total

0.00

100,889.75

Page 3 of 13

Merrill Lynch Mortgage Investors Trust

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

30-Nov-05

Mortgage Loan Asset-Backed Certificates

Series 2005-SL3

ABN AMRO Acct: 723130.1

Statement Date:

Cash Reconciliation Summary

118

0.00

Interest Summary

Total Trustee Fees

Available Interest

2,945,527.40

Fee Summary

Total Servicing Fees

Principal Summary

Scheduled Principal Distribution

Unscheduled:

Curtailments
Prepayments in Full
Liquidation Proceeds
Repurchase Proceeds
Other Principal Proceeds

Unscheduled Principal Distribution

Remittance Principal

Servicer Wire Amount

214,912.65

111,425.98

9,251,507.19

)

(539.78

321,090.67

0.00

12,843,924.11

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution
Unscheduled Principal Distribution
Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

365,660,109.52

214,912.65

9,362,933.17

0.00

21,930.57

321,090.67

355,739,242.46

7,921

191

1
5

7,724

138,960.51

Extra Principal

Trigger Event

1,322,218.85

11,220,615.56

Overcollateralization Amt

19,736,784.26

Less Extra Principal

Remittance Interest

)

(1,322,218.85

1,623,308.55

0.00

11,005,702.91

Less Mod Losses

Interest Due Trust

Total Trustee Fees

0.00

2,945,527.40

Total Fees

138,960.51

Insurance Premium

Reimbursement Amt

Class II-A Policy - Interest

Class II-A Policy - Principal
Other

Total Reimbursement Amt

Rolling 3-Month Delinquency

0.90

0.00

LPMI Fees

0.00

Current Prepayment Charges

100,889.75

Cumulative Prepayment Charges

226,468.16

Page 4 of 13

Merrill Lynch Mortgage Investors Trust

Class

Payment Date:

Prior Payment:
Next Payment:

Record Date:

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

30-Nov-05

Mortgage Loan Asset-Backed Certificates

Series 2005-SL3

ABN AMRO Acct: 723130.1

Bond Interest Reconciliation

Additions

Accrual

Method Days

Statement Date:

Accrued

Certificate

Interest

Prior

Int Carry-Fwd

Shortfall

Prior

Shortfall

Reimbursement

Other

Interest

Proceeds

Other

Interest
Losses

Current

Int Carry-Fwd

Shortfall

Remaining

Int Carry-Fwd

Shortfall

Net Cap Rate

in Effect

Y/N

Distributable

Certificate

Interest

Payment

Amount

Deductions

Outstanding

Floating Rate

Certificate

Carryover

Remaining Floating

Rate Certificate

Carryover

Current Floating

Rate Certificate

Carryover

0.00

A-1

Act/360

491,594.77

0.00

491,594.77

0.00

A-2A

30/360

441,789.76

0.00

441,789.76

0.00

A-2B

30/360

117,365.62

0.00

117,365.62

0.00

M-1

Act/360

131,426.04

0.00

131,426.04

0.00

M-2

Act/360

112,160.24

0.00

112,160.24

0.00

B-1

Act/360

73,005.01

0.00

73,005.01

0.00

B-2

Act/360

32,629.61

0.00

32,629.61

0.00

B-3

Act/360

34,978.03

0.00

34,978.03

0.00

B-4

Act/360

45,145.92

0.00

45,145.92

0.00

B-5

Act/360

42,323.83

0.00

42,323.83

0.00

24,453.68

0.00

30/360

1,324,202.18

0.00

24,453.68

0.00

24,453.68

0.00

2,846,621.01

0.00

24,453.68

1,546,872.51

1,522,418.83

24,453.68

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 5 of 13

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

Merrill Lynch Mortgage Investors Trust

Payment Date:

Prior Payment:
Next Payment:

Record Date:

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

30-Nov-05

Mortgage Loan Asset-Backed Certificates

Series 2005-SL3

ABN AMRO Acct: 723130.1

Bond Principal Reconciliation

Credit Support

Original

Current(4)

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

5.00
1.00

A-1

30.25%

32.87%

7/25/2036

119,406,729.10

0.00

125,017,036.88

131,127,000.00

107,460.36

0.00

661,109.43

4,841,737.99

A-2A

30.25%

32.87%

7/25/2036

93,181,729.10

0.00

98,792,036.88

104,902,000.00

107,460.36

0.00

661,109.43

4,841,737.99

A-2B

30.25%

32.87%

7/25/2036

26,225,000.00

0.00

26,225,000.00

0.00

M-1

21.80%

23.94%

7/25/2036

31,771,000.00

0.00

31,771,000.00

0.00

M-2

14.90%

16.64%

7/25/2036

25,943,000.00

0.00

25,943,000.00

0.00

B-1

10.85%

12.36%

7/25/2036

15,227,000.00

0.00

15,227,000.00

0.00

B-2

9.15%

10.57%

7/25/2036

6,391,000.00

0.00

6,391,000.00

0.00

B-3

7.50%

8.82%

7/25/2036

6,203,000.00

0.00

6,203,000.00

0.00

B-4

5.90%

7.13%

7/25/2036

6,015,000.00

0.00

6,015,000.00

0.00

B-5

4.40%

5.55%

7/25/2036

5,639,000.00

0.00

5,639,000.00

0.00

0.00%

7/25/2036

19,736,784.26

0.00

18,437,035.77

16,548,344.85

0.00

214,920.72

0.00

9,683,475.99

1,322,218.85

375,991,344.85

355,739,242.46

365,660,109.53

Page 6 of 13

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

Merrill Lynch Mortgage Investors Trust

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

30-Nov-05

Mortgage Loan Asset-Backed Certificates

Series 2005-SL3

ABN AMRO Acct: 723130.1

Interest Adjustments Summary

Statement Date

0.00

Special Servicing Fees

Workout Fees

Liquidation Fees

Legal Fees

0.00

1,020.50

Misc. Fees & Expenses Paid by/to Servicer

Interest Paid to Servicer on Outstanding Advances

0.00

ASER Interest Advance Reduction

Interest Not Advanced (Current Period)

Recoup of Prior Advances by Servicer

0.00

754.00

Servicing Fees Paid Servicer on Loans Not Advanced

Misc. Fees & Expenses Paid by Trust

0.00

Shortfall Due to Rate Modification

Total Shortfall Allocated to the Bonds

Total Interest Adjustment to the Bonds

1,983.33

Shortfall Allocated to the Bonds:

Excess Allocated to the Bonds:

Other Interest Proceeds Due the Bonds

Yield Maintenance Penalties Due the Bonds

Prepayment Penalties Due the Bonds

Recovered ASER Interest Due the Bonds

Recovered Interest Due the Bonds

Less Total Shortfall Allocated to the Bonds

Total Excess Allocated to the Bonds

100,889.75

100,889.75

Total Excess Allocated to the Bonds

98,906.42

)

(1,983.33

Aggregate Interest Adjustment Allocated to the Bonds

0.00

100,889.75

0.00

Prepayment Interest Excess Due the Bonds

0.00

ARD Excess Interest

0.00

208.83

0.00

Net Prepayment Int. Shortfalls Allocated to the Bonds

Other Interest Loss

Interest Income

0.00

Page 7 of 13

Merrill Lynch Mortgage Investors Trust

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

30-Nov-05

Mortgage Loan Asset-Backed Certificates

Series 2005-SL3

ABN AMRO Acct: 723130.1

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

1.67%

1.63%

0.76%

0.84%

0.36%

1,359,524

0.38%

0.00%

27-Dec-05

129

5,810,191

2,994,056

7,508

345,575,471

97.20%

97.14%

1.46%

1.48%

0.57%

0.56%

0.00%

25-Nov-05

116

5,408,223

2,030,314

7,760

358,221,573

97.97%

Page 8 of 13

Merrill Lynch Mortgage Investors Trust

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

30-Nov-05

Mortgage Loan Asset-Backed Certificates

Series 2005-SL3

ABN AMRO Acct: 723130.1

Distribution

Date

Statement Date:

Current 31 - 60 Days 61 - 90 Days 90 + Days
# Balance # 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-05

0.00%

0.00% 0.00%

0.00%

25-Nov-05

0.00%

0.00% 0.00%

0.00%

Page 9 of 13

Merrill Lynch Mortgage Investors Trust

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

30-Nov-05

Mortgage Loan Asset-Backed Certificates

Series 2005-SL3

ABN AMRO Acct: 723130.1

Asset-Backed Facts ~ 15 Month Historical Payoff/Loss Summary

Distribution

Date

Ending Pool (1)

Payoffs(2)

Realized Losses (2)

Remaining Term

Curr Weighted Avg.

# Balance

# Amount

Life

Coupon Remit

Statement Date:

Ending Arrearage (1)

Balance

Insurance

Substitution

Liquidation

Proceeds

27-Dec-05

7,724

95.05%

355,739,242

94.61%

2.47%

2.62%

0.01%

22,470

0.01%

223

9.84%

9.34%

196

9,572,598

0.00

(539.78)

25-Nov-05

7,921

97.48%

365,660,110

97.25%

2.52%

2.66%

0.00%

224

9.85%

9.35%

205

9,995,403

0.00

(1) Percentage based on pool as of cutoff. (2) Percentage based on pool as of beginning of period.

Page 10 of 13

Merrill Lynch Mortgage Investors Trust

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

30-Nov-05

Mortgage Loan Asset-Backed Certificates

Series 2005-SL3

ABN AMRO Acct: 723130.1

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:

200512

958066

21,930.57

0.00

)

(539.78

22,470.35

0.00%

(2.46%)

Not Avail.

21,930.57

0.00

)

(539.78

22,470.35

21,930.57

22,470.35

)

(539.78

0.00

Current Total
Cumulative

Page 11 of 13

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

Merrill Lynch Mortgage Investors Trust

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

30-Nov-05

Mortgage Loan Asset-Backed Certificates

Series 2005-SL3

ABN AMRO Acct: 723130.1

Loans Subject to the Soldier's and Sailor's Relief Act

Statement Date:

Disclousre
Control #

Beginning

Balance

Scheduled

Principal

Unscheduled

Principal

Loan

Rate

P&I

Amount

Scheduled

Interest

Remitted

S&S Interest

Shortfall

Ending

Balance

959097

52,756.94

55.11

0.00

52,701.83

10.75

527.72

472.61

263.78

208.83

52,756.94

55.11

0.00

52,701.83

527.72

472.61

263.78

208.83

Total

Page 12 of 13

Merrill Lynch Mortgage Investors Trust

Payment Date:

Prior Payment:

Next Payment:

Record Date:

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

30-Nov-05

Mortgage Loan Asset-Backed Certificates

Series 2005-SL3

ABN AMRO Acct: 723130.1

Rating Information

Class

CUSIP

Fitch

Moody's

S&P

Fitch

Moody's

S&P

Original Ratings

Rating Change/Change Date(1)

Statement Date:

A-1

59020UK38

AAA

Aaa

AAA

A-2A

59020UN68

AAA

Aaa

AAA

A-2B

59020UN76

AAA

Aaa

AAA

M-1

59020UK46

Aa2

M-2

59020UK53

B-1

59020UK61

BBB+

Baa1

BBB+

B-2

59020UK79

BBB

Baa2

BBB

B-3

59020UK87

BBB-

Baa3

BBB-

B-4

59020UK95

BB+

Ba1

BB+

B-5

59020UL29

Ba2

59020UP25

59020UN92

Page 13 of 13

NR - Designates that the class was not rated by the rating agency.

(1) Changed ratings provided on this report are based on information provided by the applicable rating agency via electronic transmission. It shall be understood that this transmission will generally have been provided to LaSalle within 30 days of the
payment date listed on this statement. Because ratings may have changed during the 30 day window, or may not be being provided by the rating agency in an electronic format and therefore not being updated on this report, LaSalle recommends that
investors obtain current rating information directly from the rating agency.

MERRILL LYNCH MORTGAGE INVESTORS TRUST SERIES 2005-SL3 8-K