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

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

Delaware
(State or other jurisdiction
of incorporation)

333-125422
(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 I Trust 2005-FR1 Asset-Backed Certificates, Series 2005-FR1, 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 5.06 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 BEAR STEARNS ASSET BACKED SECURITIES I LLC, REGISTRANT

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

Date: January 3, 2006

Bear Stearns Asset Backed Securities I LLC

Asset-Backed Certificates

Series 2005-FR1

ABN AMRO Acct: 722955.1

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

23-Dec-05

Administrator:
Robert Waddell 312.904.6257
robert.waddell@abnamro.com

Analyst:
Chris Suh 714.259.6266
chris.k.suh@abnamro.com

Statement Date:

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

Statements to Certificateholders
Cash Reconciliation Summary
Shortfall Summary Report
Swap Summary Report

Bond Interest Reconciliation

Bond Principal Reconciliation
Rating Information

Asset-Backed Facts - End of Month Scheduled Balances
Asset-Backed Facts ~ 15 Month Loan Status Summary Part I
Asset-Backed Facts ~ 15 Month Loan Status Summary Part II

Page 2-3
Page 4-12
Page 13
Page 14

Page 15

Page 16
Page 17

Page 18
Page 19-27

Page 28-36

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

Realized Loss Detail

Page 37-45

Page 46

Page(s)

Information is available for this issue from the following sources

Issue Id:

Monthly Data File
Name:

BS005FR1

BS005FR1_200512_3.ZIP

Closing Date:

First Payment Date:

Rated Final Payment: Date:

31-Aug-05
26-Sep-05

27-Aug-35

Parties to The Transaction

Issuer: Bear Stearns & Co. Inc.

Underwriter: Bear Stearns & Co. Inc.

Master Servicer: EMC Mortgage Corporation

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

800.246.5761

LaSalle Factor Line

LaSalle Web Site

Servicer Web Site

www.emcmortgagecorp.com

www.etrustee.net

Page 1 of 46

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:

7.149500%

4.193750%
4.378750%

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Bear Stearns Asset Backed Securities I LLC

Asset-Backed Certificates

Series 2005-FR1

Face Value (1)

Balance

Payment

Adj. or Loss

Amortization

Balance

Payment (2)

Adjustment

Rate

352

Bond Payments

Statement Date:

ABN AMRO Acct: 722955.1

891.635649673

68.548068911

0.000000000

823.087580762

3.418927375

4.4987500000%

0.00

0.000000000

4.3137500000%

0.000000000

073879F86

I-A-1

312,896,000.00

21,448,416.57

0.00

257,540,811.67

1,069,768.70

278,989,228.24

1000.000000000

0.000000000

1000.000000000

3.941111102

4.6187500000%

0.00

0.000000000

4.4337500000%

0.000000000

073879F94

I-A-2

115,714,000.00

0.00

115,714,000.00

456,041.73

115,714,000.00

1000.000000000

0.000000000

1000.000000000

4.065555462

4.7587500000%

0.00

0.000000000

4.5737500000%

0.000000000

073879G28

I-A-3

47,492,000.00

0.00

47,492,000.00

193,081.36

47,492,000.00

916.512949112

52.020502177

0.000000000

864.492446935

3.628372936

4.6387500000%

0.00

0.000000000

4.4537500000%

0.000000000

073879G36

II-A-1

194,055,000.00

10,094,838.55

0.00

167,759,081.79

704,103.91

177,853,920.34

916.512948633

52.020502123

0.000000000

864.492446510

3.669106856

4.6887500000%

0.00

0.000000000

4.5037500000%

0.000000000

073879G44

II-A-2

48,514,000.00

2,523,722.64

0.00

41,939,986.55

178,003.05

44,463,709.19

1000.000000000

0.000000000

1000.000000000

4.172222195

4.8787500000%

0.00

0.000000000

4.6937500000%

0.000000000

073879G51

M-1

80,803,000.00

0.00

80,803,000.00

337,128.07

80,803,000.00

1000.000000000

0.000000000

1000.000000000

4.323333394

5.0487500000%

0.00

0.000000000

4.8637500000%

0.000000000

073879G69

M-2

55,136,000.00

0.00

55,136,000.00

238,371.31

55,136,000.00

1000.000000000

0.000000000

1000.000000000

4.376666879

5.1087500000%

0.00

0.000000000

4.9237500000%

0.000000000

073879G77

M-3

15,685,000.00

0.00

15,685,000.00

68,648.02

15,685,000.00

1000.000000000

0.000000000

1000.000000000

4.883333121

5.6787500000%

0.00

0.000000000

5.4937500000%

0.000000000

073879G85

M-4

15,685,000.00

0.00

15,685,000.00

76,595.08

15,685,000.00

1000.000000000

0.000000000

1000.000000000

5.016666407

5.8287500000%

0.00

0.000000000

5.6437500000%

0.000000000

073879G93

M-5

12,833,000.00

0.00

12,833,000.00

64,378.88

12,833,000.00

1000.000000000

0.000000000

1000.000000000

5.416666348

6.2787500000%

0.00

0.000000000

6.0937500000%

0.000000000

073879H27

M-6

10,457,000.00

0.00

10,457,000.00

56,642.08

10,457,000.00

1000.000000000

0.000000000

1000.000000000

6.394444834

7.3787500000%

0.00

7,317.77

0.855279336

6.2315612040%

0.000000000

073879H35

M-7

8,556,000.00

0.00

8,556,000.00

54,710.87

8,556,000.00

1000.000000000

0.000000000

1000.000000000

6.394444561

7.3787500000%

0.00

8,130.28

0.855278771

6.2315612040%

0.000000000

073879H43

M-8

9,506,000.00

0.00

9,506,000.00

60,785.59

9,506,000.00

1000.000000000

0.000000000

1000.000000000

65.091574755

0.00

93,973.93

4.034667811

N/A

0.000000000

073879J25

23,291,615.17

0.00

23,291,615.17

1,516,087.91

23,291,615.17

1000.000000000

0.000000000

1000.000000000

4695673.800000000

0.00

469,567.38

4695673.800000000

N/A

0.000000000

073879H92

100.00

0.00

100.00

469,567.38

100.00

0.000000000

0.00

0.000000000

N/A

0.000000000

073879H84

0.00

0.000000000

0.00

0.000000000

N/A

0.000000000

073879H50

R-I

0.00

Page 2 of 46

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:

7.149500%

4.193750%
4.378750%

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Bear Stearns Asset Backed Securities I LLC

Asset-Backed Certificates

Series 2005-FR1

Face Value (1)

Balance

Payment

Adj. or Loss

Amortization

Balance

Payment (2)

Adjustment

Rate

352

Bond Payments

Statement Date:

ABN AMRO Acct: 722955.1

0.000000000

0.00

0.000000000

N/A

0.000000000

073879H68

R-II

0.00

0.000000000

0.00

0.000000000

N/A

0.000000000

073879H76

R-III

0.00

Total P&I Payment

0.00

578,989.36

950,623,715.17

896,465,572.94

39,610,891.70

Total

862,398,595.18

34,066,977.76

0.00

5,543,913.94

Page 3 of 46

Bear Stearns Asset Backed Securities I LLC

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-FR1

ABN AMRO Acct: 722955.1

Statement Date:

Cash Reconciliation Summary

0.00

Interest Summary

Total Trustee Fees

Available Interest

5,543,913.94

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

525,905.03

64,326.91

33,476,745.82

0.00
0.00
0.00

39,613,506.39

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

896,465,472.94

525,905.03

33,541,072.73

0.00
0.00
0.00

862,398,495.18

4,395

150

0
0

4,245

373,527.28

Extra Principal

Trigger Event

0.00

34,066,977.76

Overcollateralization Amt

23,291,615.17

Less Extra Principal

Remittance Interest

0.00

5,543,913.94

0.00

33,541,072.73

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(2,614.69

5,546,528.63

Total Fees

376,141.97

Insurance Premium

Reimbursement Amt

Class II-A Policy - Interest

Class II-A Policy - Principal
Other

Total Reimbursement Amt

Rolling 3-Month Delinquency

2.28

0.00

2,614.69

LPMI Fees

0.00

Current Prepayment Charges

469,567.38

Cumulative Prepayment Charges

0.00

Page 4 of 46

Bear Stearns Asset Backed Securities I LLC

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-FR1

ABN AMRO Acct: 722955.1

Statement Date:

Cash Reconciliation Summary Group I Loans - Fixed 1st Lien

0.00

Interest Summary

Total Trustee Fees

Available Interest

306,922.66

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

54,700.84

6,069.89

554,451.11

0.00
0.00
0.00

922,313.68

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

58,007,252.88

54,700.84

560,521.00

0.00
0.00
0.00

57,392,031.04

220

0
0

217

24,169.69

Trigger Event

615,221.84

Overcollateralization Amt

23,291,615.17

Remittance Interest

306,922.66

0.00

560,521.00

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(169.19

307,091.84

Total Fees

24,338.88

Insurance Premium

Reimbursement Amt

Class II-A Policy - Interest

Class II-A Policy - Principal
Other

Total Reimbursement Amt

Rolling 3-Month Delinquency

2.28

0.00

169.19

LPMI Fees

0.00

Current Prepayment Charges

4,438.13

Cumulative Prepayment Charges

0.00

Page 5 of 46

Bear Stearns Asset Backed Securities I LLC

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-FR1

ABN AMRO Acct: 722955.1

Statement Date:

Cash Reconciliation Summary Group I Loans - Fixed 2nd Lien

0.00

Interest Summary

Total Trustee Fees

Available Interest

269,688.09

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

19,436.14

7,081.29

979,157.26

0.00
0.00
0.00

1,275,452.76

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

30,851,136.11

19,436.14

986,238.55

0.00
0.00
0.00

29,845,461.42

465

0
0

452

12,854.64

Trigger Event

1,005,674.69

Overcollateralization Amt

23,291,615.17

Remittance Interest

269,688.09

0.00

986,238.55

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(89.98

269,778.07

Total Fees

12,944.62

Insurance Premium

Reimbursement Amt

Class II-A Policy - Interest

Class II-A Policy - Principal
Other

Total Reimbursement Amt

Rolling 3-Month Delinquency

2.28

0.00

89.98

LPMI Fees

0.00

Current Prepayment Charges

31,798.19

Cumulative Prepayment Charges

0.00

Page 6 of 46

Bear Stearns Asset Backed Securities I LLC

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-FR1

ABN AMRO Acct: 722955.1

Statement Date:

Cash Reconciliation Summary Group I Loans - ARM 228

0.00

Interest Summary

Total Trustee Fees

Available Interest

2,810,178.08

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

245,229.78

24,197.33

19,004,367.33

0.00
0.00
0.00

22,085,384.12

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

483,978,289.76

245,229.78

19,028,564.66

0.00
0.00
0.00

464,704,495.32

1,574

0
0

1,516

201,657.62

Trigger Event

19,273,794.44

Overcollateralization Amt

23,291,615.17

Remittance Interest

2,810,178.08

0.00

19,028,564.66

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(1,411.60

2,811,589.68

Total Fees

203,069.22

Insurance Premium

Reimbursement Amt

Class II-A Policy - Interest

Class II-A Policy - Principal
Other

Total Reimbursement Amt

Rolling 3-Month Delinquency

2.28

0.00

1,411.60

LPMI Fees

0.00

Current Prepayment Charges

239,619.52

Cumulative Prepayment Charges

0.00

Page 7 of 46

Bear Stearns Asset Backed Securities I LLC

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-FR1

ABN AMRO Acct: 722955.1

Statement Date:

Cash Reconciliation Summary Group I Loans - ARM 327

0.00

Interest Summary

Total Trustee Fees

Available Interest

127,274.98

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

9,061.35

744.25

543,920.00

0.00
0.00
0.00

681,067.72

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

23,021,073.87

9,061.35

544,664.25

0.00
0.00
0.00

22,467,348.27

0
0

9,592.11

Trigger Event

553,725.60

Overcollateralization Amt

23,291,615.17

Remittance Interest

127,274.98

0.00

544,664.25

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(67.14

127,342.12

Total Fees

9,659.26

Insurance Premium

Reimbursement Amt

Class II-A Policy - Interest

Class II-A Policy - Principal
Other

Total Reimbursement Amt

Rolling 3-Month Delinquency

2.28

0.00

67.14

LPMI Fees

0.00

Current Prepayment Charges

13,706.78

Cumulative Prepayment Charges

0.00

Page 8 of 46

Bear Stearns Asset Backed Securities I LLC

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-FR1

ABN AMRO Acct: 722955.1

Statement Date:

Cash Reconciliation Summary Group II Loans - Fixed 1st Lien

0.00

Interest Summary

Total Trustee Fees

Available Interest

253,693.33

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

44,595.88

9,866.59

1,056,784.84

0.00
0.00
0.00

1,365,074.53

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

45,904,908.35

44,595.88

1,066,651.43

0.00
0.00
0.00

44,793,661.04

240

0
0

233

19,127.05

Trigger Event

1,111,247.31

Overcollateralization Amt

23,291,615.17

Remittance Interest

253,693.33

0.00

1,066,651.43

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(133.89

253,827.22

Total Fees

19,260.93

Insurance Premium

Reimbursement Amt

Class II-A Policy - Interest

Class II-A Policy - Principal
Other

Total Reimbursement Amt

Rolling 3-Month Delinquency

2.28

0.00

133.89

LPMI Fees

0.00

Current Prepayment Charges

14,060.02

Cumulative Prepayment Charges

0.00

Page 9 of 46

Bear Stearns Asset Backed Securities I LLC

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-FR1

ABN AMRO Acct: 722955.1

Statement Date:

Cash Reconciliation Summary Group II Loans - Fixed 2nd Lien

0.00

Interest Summary

Total Trustee Fees

Available Interest

117,541.90

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

12,632.87

3,295.99

393,321.91

0.00
0.00
0.00

526,833.87

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

14,127,412.47

12,632.87

396,617.90

0.00
0.00
0.00

13,718,161.70

400

0
0

388

5,886.42

Trigger Event

409,250.77

Overcollateralization Amt

23,291,615.17

Remittance Interest

117,541.90

0.00

396,617.90

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(41.20

117,583.10

Total Fees

5,927.63

Insurance Premium

Reimbursement Amt

Class II-A Policy - Interest

Class II-A Policy - Principal
Other

Total Reimbursement Amt

Rolling 3-Month Delinquency

2.28

0.00

41.20

LPMI Fees

0.00

Current Prepayment Charges

6,183.05

Cumulative Prepayment Charges

0.00

Page 10 of 46

Bear Stearns Asset Backed Securities I LLC

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-FR1

ABN AMRO Acct: 722955.1

Statement Date:

Cash Reconciliation Summary Group II Loans - ARM 228

0.00

Interest Summary

Total Trustee Fees

Available Interest

1,469,851.48

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

133,363.59

11,233.67

10,865,129.79

0.00
0.00
0.00

12,480,238.19

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

226,168,817.68

133,363.59

10,876,363.46

0.00
0.00
0.00

215,159,090.63

1,366

0
0

1,311

94,237.01

Trigger Event

11,009,727.05

Overcollateralization Amt

23,291,615.17

Remittance Interest

1,469,851.48

0.00

10,876,363.46

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(659.66

1,470,511.14

Total Fees

94,896.67

Insurance Premium

Reimbursement Amt

Class II-A Policy - Interest

Class II-A Policy - Principal
Other

Total Reimbursement Amt

Rolling 3-Month Delinquency

2.28

0.00

659.66

LPMI Fees

0.00

Current Prepayment Charges

157,217.15

Cumulative Prepayment Charges

0.00

Page 11 of 46

Bear Stearns Asset Backed Securities I LLC

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-FR1

ABN AMRO Acct: 722955.1

Statement Date:

Cash Reconciliation Summary Group II Loans - ARM 327

0.00

Interest Summary

Total Trustee Fees

Available Interest

79,341.45

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

6,884.58

1,837.90

79,613.58

0.00
0.00
0.00

167,719.53

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

14,406,581.82

6,884.58

81,451.48

0.00
0.00
0.00

14,318,245.76

0
0

6,002.74

Trigger Event

88,336.06

Overcollateralization Amt

23,291,615.17

Remittance Interest

79,341.45

0.00

81,451.48

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(42.02

79,383.47

Total Fees

6,044.76

Insurance Premium

Reimbursement Amt

Class II-A Policy - Interest

Class II-A Policy - Principal
Other

Total Reimbursement Amt

Rolling 3-Month Delinquency

2.28

0.00

42.02

LPMI Fees

0.00

Current Prepayment Charges

2,544.54

Cumulative Prepayment Charges

0.00

Page 12 of 46

Bear Stearns Asset Backed Securities I LLC

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-FR1

ABN AMRO Acct: 722955.1

Interest Adjustments Summary

Statement
Date:

0.00

Special Servicing Fees

Workout Fees

Liquidation Fees

Legal Fees

0.00

47.75

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

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

47.75

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

469,567.38

469,567.38

Total Excess Allocated to the Bonds

469,519.63

)

(47.75

Aggregate Interest Adjustment Allocated to the Bonds

0.00

469,567.38

0.00

Prepayment Interest Excess Due the Bonds

0.00

ARD Excess Interest

0.00

Net Prepayment Int. Shortfalls Allocated to the Bonds

Other Interest Loss

Interest Income

0.00

Page 13 of 46

Bear Stearns Asset Backed Securities I LLC

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-FR1

ABN AMRO Acct: 722955.1

SWAP Payments

Statement Date:

Net Swap payment payable to the Swap Provider

Net Swap payment payable to the Swap Administrator

Swap Termination payment payable to the Swap Administrator

Swap Termination payment payable to the Swap Provider

109,469.73

0.00

Page 14 of 46

Bear Stearns Asset Backed Securities I LLC

Class

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-FR1

ABN AMRO Acct: 722955.1

Bond Interest Reconciliation

Additions

Accrual

Method Days

Statement Date:

Accrued

Certificate

Interest

Prior

Int Carry-Fwd

Shortfall

Prior

Shortfall

Reimbursement

Other

Int ere st

Proceeds

Other

Int ere st

Losses

Current

Int Carry-Fwd

Shortfall

Remaining

Int Carry-Fwd

Shortfall

Net Cap Rate

in Effect

Y/ N

Distributable

Certificate

Int ere st

Payment

Amount

Deductions

Outstanding

Deposits from YM

Agreement

Remaining Basis Risk

Carry-Fwd Shortfall

Current Basis Risk

Carry-Fwd Shortfall

0.00

I-A-1

Act/360

1,069,768.70

0.00

1,069,768.70

0.00

I-A-2

Act/360

456,041.73

0.00

456,041.73

0.00

I-A-3

Act/360

193,081.36

0.00

193,081.36

0.00

II-A-1

Act/360

704,103.91

0.00

704,103.91

0.00

II-A-2

Act/360

178,003.05

0.00

178,003.05

0.00

M-1

Act/360

337,128.07

0.00

337,128.07

0.00

M-2

Act/360

238,371.31

0.00

238,371.31

0.00

M-3

Act/360

68,648.02

0.00

68,648.02

0.00

M-4

Act/360

76,595.08

0.00

76,595.08

0.00

M-5

Act/360

64,378.88

0.00

64,378.88

0.00

M-6

Act/360

56,642.08

0.00

56,642.08

0.00

Yes

7,317.77

0.00

M-7

Act/360

47,393.10

0.00

54,710.87

0.00

Yes

8,130.28

0.00

M-8

Act/360

52,655.31

0.00

60,785.59

0.00

109,469.73

0.00

30/360

1,422,113.98

0.00

1,551,531.65

1,516,087.91

0.00

469,567.38

0.00

4,964,924.58

0.00

124,917.78

0.00

5,579,357.68

5,543,913.94

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 15 of 46

(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 I LLC

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-FR1

ABN AMRO Acct: 722955.1

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

I-A-1

11/27/2028

257,540,811.67

0.00

278,989,228.24

312,896,000.00

328,428.11

0.00

21,119,988.46

I-A-2

11/25/2033

115,714,000.00

0.00

115,714,000.00

0.00

I-A-3

8/27/2035

47,492,000.00

0.00

47,492,000.00

0.00

II-A-1

8/27/2035

167,759,081.79

0.00

177,853,920.34

194,055,000.00

157,981.37

0.00

9,936,857.18

II-A-2

8/27/2035

41,939,986.55

0.00

44,463,709.19

48,514,000.00

39,495.55

0.00

2,484,227.09

M-1

8/27/2035

80,803,000.00

0.00

80,803,000.00

0.00

M-2

8/27/2035

55,136,000.00

0.00

55,136,000.00

0.00

M-3

8/27/2035

15,685,000.00

0.00

15,685,000.00

0.00

M-4

8/27/2035

15,685,000.00

0.00

15,685,000.00

0.00

M-5

8/27/2035

12,833,000.00

0.00

12,833,000.00

0.00

M-6

8/27/2035

10,457,000.00

0.00

10,457,000.00

0.00

M-7

8/27/2035

8,556,000.00

0.00

8,556,000.00

0.00

M-8

8/27/2035

9,506,000.00

0.00

9,506,000.00

0.00

8/27/2035

23,291,615.17

0.00

23,291,615.17

0.00

8/27/2035

100.00

0.00

100.00

0.00

525,905.03

0.00

33,541,072.73

0.00

950,623,715.17

862,398,595.18

896,465,572.94

Page 16 of 46

(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 I LLC

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-FR1

ABN AMRO Acct: 722955.1

Rating Information

Class

CUSIP

Fitch

Moody's

S&P

Fitch

Moody's

S&P

Original Ratings

Rating Change/Change Date(1)

Statement Date:

I-A-1

073879F86

Aaa

AAA

I-A-2

073879F94

Aaa

AAA

I-A-3

073879G28

Aaa

AAA

II-A-1

073879G36

Aaa

AAA

II-A-2

073879G44

Aaa

AAA

M-1

073879G51

Aa2

M-2

073879G69

M-3

073879G77

A-

M-4

073879G85

Baa1

BBB+

M-5

073879G93

Baa2

BBB

M-6

073879H27

Baa3

BBB-

M-7

073879H35

Ba1

BB+

M-8

073879H43

Ba2

073879J25

073879H92

Page 17 of 46

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.

Bear Stearns Asset Backed Securities I LLC

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-FR1

ABN AMRO Acct: 722955.1

End of Month Scheduled Balance Reporting

Statement Date:

- Summary of Servicer Delinquency Status

Total

Type

Count

Count (%)

Sch UPB

Sch UPB (%)

Arrears

Arrears (%)

F/C Quick Sale Value

REO Book Value

797,046,573.69

0.00

90.8938

0.0000

3,921

89.2150

43,543,563.54

0.00

4.9656

0.0000

214

4.8692

18,578,122.42

0.00

2.1186

0.0000

1.9568

11,242,135.20

0.00

1.2820

0.0000

90+

1.2059

4,632,482.25

0.00

0.5283

0.0000

BKY0

0.5688

677,900.64

0.00

0.0773

0.0000

BKY30

0.1138

474,483.96

0.00

0.0541

0.0000

BKY90+

0.1365

703,645.05

0.00

0.0802

0.0000

F/C90+

0.0455

0.00

0.0000

PIF

1.8885

Total:

4,395

876,898,906.75

0.00

100.0000

0.0000

0.00

DLQ Total:

366

75,219,850.81

0.00

8.3276%

8.5779%

0.0000%

Page 18 of 46

Bear Stearns Asset Backed Securities I LLC

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-FR1

ABN AMRO Acct: 722955.1

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

4.97%

4.88%

1.96%

2.07%

1.39%

11,716,619

1.36%

0.05%

0.08%

0.00%

27-Dec-05

211

42,079,169

17,862,840

703,645

3,890

790,036,222

91.64%

91.61%

3.73%

3.62%

1.21%

1.11%

0.64%

6,778,620

0.76%

0.00%

25-Nov-05

164

32,409,952

9,985,417

4,150

847,291,483

94.43%

94.51%

1.40%

1.21%

0.56%

0.65%

0.09%

1,174,358

0.13%

0.00%

25-Oct-05

11,143,838

6,025,636

4,406

901,791,468

97.95%

98.01%

0.81%

0.80%

0.09%

0.13%

0.00%

26-Sep-05

7,541,969

1,175,338

4,536

930,120,420

99.10%

99.07%

Page 19 of 46

Bear Stearns Asset Backed Securities I LLC

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-FR1

ABN AMRO Acct: 722955.1

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

Group I Loans - Fixed 1st Lien

3.69%

3.34%

0.46%

0.20%

1.38%

341,054

0.59%

0.00%

27-Dec-05

1,916,890

113,028

205

55,021,059

94.47%

95.87%

1.82%

1.65%

1.36%

0.59%

0.00%

25-Nov-05

957,858

341,320

213

56,708,075

96.82%

97.76%

1.33%

0.57%

0.00%

25-Oct-05

341,584

223

59,399,556

98.67%

99.43%

0.00%

26-Sep-05

230

60,822,561

100.00%

Page 20 of 46

Bear Stearns Asset Backed Securities I LLC

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-FR1

ABN AMRO Acct: 722955.1

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

Group I Loans - Fixed 2nd Lien

3.10%

2.54%

1.99%

2.14%

1.33%

233,277

0.78%

0.00%

27-Dec-05

758,279

637,841

423

28,216,065

93.58%

94.54%

3.01%

0.65%

0.36%

0.86%

223,535

0.72%

0.00%

25-Nov-05

929,934

109,691

444

29,587,976

95.48%

95.91%

0.63%

0.35%

0.84%

0.71%

0.00%

25-Oct-05

109,786

223,631

468

31,312,479

98.53%

98.95%

0.63%

0.39%

0.00%

26-Sep-05

123,864

475

31,760,601

99.37%

99.61%

Page 21 of 46

Bear Stearns Asset Backed Securities I LLC

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-FR1

ABN AMRO Acct: 722955.1

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

Group I Loans - ARM 228

5.74%

5.33%

2.64%

2.71%

1.39%

6,749,879

1.45%

0.07%

0.12%

0.00%

27-Dec-05

24,775,329

12,583,943

556,398

1,367

420,038,946

90.17%

90.39%

4.38%

4.10%

1.08%

1.07%

0.89%

4,775,788

0.99%

0.00%

25-Nov-05

19,843,334

5,181,330

1,474

454,177,838

93.65%

93.84%

1.12%

1.03%

0.75%

0.84%

0.19%

1,013,030

0.20%

0.00%

25-Oct-05

5,091,926

4,182,959

1,576

485,817,653

97.95%

97.93%

0.73%

0.75%

0.18%

0.20%

0.00%

26-Sep-05

3,791,362

1,013,874

1,625

501,758,805

99.09%

99.05%

Page 22 of 46

Bear Stearns Asset Backed Securities I LLC

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-FR1

ABN AMRO Acct: 722955.1

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

Group I Loans - ARM 327

0.00%

27-Dec-05

22,467,348

100.00%

1.56%

1.08%

0.00%

25-Nov-05

247,670

22,773,404

98.44%

98.92%

0.00%

25-Oct-05

23,030,375

100.00%

0.00%

26-Sep-05

23,039,457

100.00%

Page 23 of 46

Bear Stearns Asset Backed Securities I LLC

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-FR1

ABN AMRO Acct: 722955.1

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

Group II Loans - Fixed 1st Lien

2.58%

2.73%

0.43%

0.62%

1.29%

567,923

1.27%

0.00%

27-Dec-05

1,224,173

277,541

223

42,724,023

95.71%

95.38%

1.25%

1.47%

1.25%

1.24%

0.00%

25-Nov-05

675,347

568,407

234

44,661,155

97.50%

97.29%

1.64%

0.00%

25-Oct-05

769,195

240

45,991,211

98.36%

0.00%

26-Sep-05

251

48,308,003

100.00%

Page 24 of 46

Bear Stearns Asset Backed Securities I LLC

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-FR1

ABN AMRO Acct: 722955.1

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

Group II Loans - Fixed 2nd Lien

3.35%

3.03%

1.29%

1.09%

1.29%

212,201

1.55%

0.00%

27-Dec-05

415,489

149,743

365

12,940,729

94.07%

94.33%

3.50%

2.95%

1.25%

1.46%

0.25%

38,396

0.27%

0.00%

25-Nov-05

416,446

206,456

380

13,466,115

95.00%

95.32%

1.23%

1.43%

0.25%

0.27%

0.00%

25-Oct-05

206,649

38,499

402

14,175,748

98.53%

98.30%

0.24%

0.26%

0.00%

26-Sep-05

38,600

413

14,584,749

99.76%

99.74%

Page 25 of 46

Bear Stearns Asset Backed Securities I LLC

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-FR1

ABN AMRO Acct: 722955.1

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

Group II Loans - ARM 228

5.87%

5.41%

2.06%

1.91%

1.53%

3,477,085

1.62%

0.08%

0.07%

0.00%

27-Dec-05

11,637,066

4,100,744

147,247

1,186

195,796,949

90.47%

91.00%

4.25%

3.97%

1.54%

1.52%

0.66%

1,740,901

0.77%

0.00%

25-Nov-05

8,976,910

3,443,014

1,278

212,007,992

93.56%

93.74%

2.07%

1.92%

0.57%

0.68%

0.07%

161,328

0.07%

0.00%

25-Oct-05

4,489,498

1,580,547

1,365

227,247,867

97.29%

97.33%

1.47%

1.50%

0.07%

0.00%

26-Sep-05

3,588,143

161,464

1,409

234,887,421

98.46%

98.43%

Page 26 of 46

Bear Stearns Asset Backed Securities I LLC

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-FR1

ABN AMRO Acct: 722955.1

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

Group II Loans - ARM 327

9.23%

9.44%

0.00%

1.54%

135,200

0.94%

0.00%

27-Dec-05

1,351,943

12,831,103

89.23%

89.61%

1.52%

2.52%

1.52%

0.94%

0.00%

25-Nov-05

362,453

135,200

13,908,929

96.97%

96.55%

1.45%

0.90%

0.00%

25-Oct-05

135,200

14,816,578

98.55%

99.10%

0.00%

26-Sep-05

14,958,822

100.00%

Page 27 of 46

Bear Stearns Asset Backed Securities I LLC

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-FR1

ABN AMRO Acct: 722955.1

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-05

677,901

703,645

474,484

0.00%

0.05%

0.08%

0.12%

0.08% 0.00%

0.00% 0.14%

0.06%

0.00%

0.59%

0.54%

4,632,482

0.00%

25-Nov-05

182,908

0.00%

0.00% 0.07%

0.02% 0.00%

0.00%

0.02%

0.05%

472,388

0.00%

25-Oct-05

0.00%

0.00% 0.00%

0.00%

26-Sep-05

0.00%

0.00% 0.00%

0.00%

Page 28 of 46

Bear Stearns Asset Backed Securities I LLC

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-FR1

ABN AMRO Acct: 722955.1

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 - Group I Loans - Fixed 1st Lien

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%

25-Oct-05

0.00%

0.00% 0.00%

0.00%

26-Sep-05

0.00%

0.00% 0.00%

0.00%

Page 29 of 46

Bear Stearns Asset Backed Securities I LLC

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-FR1

ABN AMRO Acct: 722955.1

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 - Group I Loans - Fixed 2nd Lien

Current

31 - 60 Days

61 - 90 Days

90 + Days

Balance

27-Dec-05

8,722

26,609

0.00%

0.22%

0.03% 0.00%

0.00% 0.44%

0.09%

0.00%

1.11%

0.72%

214,019

0.00%

25-Nov-05

11,667

0.00%

0.00% 0.22%

0.04% 0.00%

0.00%

25-Oct-05

0.00%

0.00% 0.00%

0.00%

26-Sep-05

0.00%

0.00% 0.00%

0.00%

Page 30 of 46

Bear Stearns Asset Backed Securities I LLC

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-FR1

ABN AMRO Acct: 722955.1

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 - Group I Loans - ARM 228

Current

31 - 60 Days

61 - 90 Days

90 + Days

Balance

27-Dec-05

556,398

206,925

0.00%

0.07%

0.12%

0.00%

0.00% 0.00%

0.00% 0.13%

0.04%

0.00%

0.46%

0.62%

2,894,377

0.00%

25-Nov-05

65,492

0.00%

0.00% 0.06%

0.01% 0.00%

0.00%

0.06%

0.10%

472,388

0.00%

25-Oct-05

0.00%

0.00% 0.00%

0.00%

26-Sep-05

0.00%

0.00% 0.00%

0.00%

Page 31 of 46

Bear Stearns Asset Backed Securities I LLC

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-FR1

ABN AMRO Acct: 722955.1

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 - Group I Loans - ARM 327

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%

25-Oct-05

0.00%

0.00% 0.00%

0.00%

26-Sep-05

0.00%

0.00% 0.00%

0.00%

Page 32 of 46

Bear Stearns Asset Backed Securities I LLC

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-FR1

ABN AMRO Acct: 722955.1

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 - Group II Loans - Fixed 1st Lien

Current

31 - 60 Days

61 - 90 Days

90 + Days

Balance

27-Dec-05

161,247

0.00%

0.43%

0.36% 0.00%

0.00% 0.00%

0.00%

0.43%

0.25%

112,973

0.00%

25-Nov-05

0.00%

0.00% 0.00%

0.00%

25-Oct-05

0.00%

0.00% 0.00%

0.00%

26-Sep-05

0.00%

0.00% 0.00%

0.00%

Page 33 of 46

Bear Stearns Asset Backed Securities I LLC

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-FR1

ABN AMRO Acct: 722955.1

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 - Group II Loans - Fixed 2nd Lien

Current

31 - 60 Days

61 - 90 Days

90 + Days

Balance

27-Dec-05

0.00%

0.00% 0.00%

0.00%

0.52%

0.24%

32,259

0.00%

25-Nov-05

0.00%

0.00% 0.00%

0.00%

25-Oct-05

0.00%

0.00% 0.00%

0.00%

26-Sep-05

0.00%

0.00% 0.00%

0.00%

Page 34 of 46

Bear Stearns Asset Backed Securities I LLC

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-FR1

ABN AMRO Acct: 722955.1

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 - Group II Loans - ARM 228

Current

31 - 60 Days

61 - 90 Days

90 + Days

Balance

27-Dec-05

507,932

147,247

105,750

0.00%

0.08%

0.07%

0.23%

0.24% 0.00%

0.00% 0.08%

0.05%

0.00%

0.69%

0.56%

1,215,076

0.00%

25-Nov-05

105,750

0.00%

0.00% 0.07%

0.05% 0.00%

0.00%

25-Oct-05

0.00%

0.00% 0.00%

0.00%

26-Sep-05

0.00%

0.00% 0.00%

0.00%

Page 35 of 46

Bear Stearns Asset Backed Securities I LLC

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-FR1

ABN AMRO Acct: 722955.1

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 - Group II Loans - ARM 327

Current

31 - 60 Days

61 - 90 Days

90 + Days

Balance

27-Dec-05

135,200

0.00%

0.00% 0.00%

0.00% 1.54%

0.94%

0.00%

1.54%

1.14%

163,778

0.00%

25-Nov-05

0.00%

0.00% 0.00%

0.00%

25-Oct-05

0.00%

0.00% 0.00%

0.00%

26-Sep-05

0.00%

0.00% 0.00%

0.00%

Page 36 of 46

Bear Stearns Asset Backed Securities I LLC

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-FR1

ABN AMRO Acct: 722955.1

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

4,245

91.72%

862,398,495

90.72%

3.41%

3.73%

0.00%

352

7.15%

6.65%

150

33,476,746

0.00

25-Nov-05

4,395

94.97%

896,465,473

94.30%

2.29%

2.51%

0.00%

353

7.15%

6.65%

103

23,121,472

0.00

25-Oct-05

4,498

97.19%

920,135,300

96.79%

1.73%

1.93%

0.00%

354

7.16%

6.66%

18,135,744

0.00

26-Sep-05

4,577

98.90%

938,837,727

98.76%

1.10%

1.18%

0.00%

355

7.16%

6.66%

11,209,575

0.00

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

Page 37 of 46

Bear Stearns Asset Backed Securities I LLC

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-FR1

ABN AMRO Acct: 722955.1

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

Group I Loans - Fixed 1st Lien

27-Dec-05

217

4.69%

57,392,031

6.04%

1.36%

0.96%

0.00%

350

6.76%

6.26%

554,451

0.00

25-Nov-05

220

4.75%

58,007,253

6.10%

2.65%

2.81%

0.00%

351

6.77%

6.27%

1,676,299

0.00

25-Oct-05

226

4.88%

59,741,140

6.28%

1.74%

1.68%

0.00%

352

6.78%

6.27%

1,021,868

0.00

26-Sep-05

230

4.97%

60,822,561

6.40%

0.00%

353

6.78%

6.27%

0.00

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

Page 38 of 46

Bear Stearns Asset Backed Securities I LLC

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-FR1

ABN AMRO Acct: 722955.1

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

Group I Loans - Fixed 2nd Lien

27-Dec-05

452

9.77%

29,845,461

3.14%

2.80%

3.17%

0.00%

343

9.76%

9.25%

979,157

0.00

25-Nov-05

465

10.05%

30,851,136

3.25%

2.11%

2.45%

0.00%

345

9.74%

9.24%

773,826

0.00

25-Oct-05

475

10.26%

31,645,897

3.33%

0.63%

0.68%

0.00%

346

9.74%

9.23%

217,991

0.00

26-Sep-05

478

10.33%

31,884,465

3.35%

0.83%

0.00%

347

9.75%

9.25%

268,632

0.00

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

Page 39 of 46

Bear Stearns Asset Backed Securities I LLC

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-FR1

ABN AMRO Acct: 722955.1

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

Group I Loans - ARM 228

27-Dec-05

1,516

32.76%

464,704,495

48.88%

3.68%

3.93%

0.00%

353

6.88%

6.37%

19,004,367

0.00

25-Nov-05

1,574

34.01%

483,978,290

50.91%

2.18%

2.39%

0.00%

354

6.88%

6.38%

11,873,439

0.00

25-Oct-05

1,609

34.77%

496,105,568

52.19%

1.89%

2.01%

0.00%

355

6.89%

6.39%

10,194,275

0.00

26-Sep-05

1,640

35.44%

506,564,041

53.29%

1.38%

1.33%

0.00%

356

6.90%

6.39%

6,827,288

0.00

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

Page 40 of 46

Bear Stearns Asset Backed Securities I LLC

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-FR1

ABN AMRO Acct: 722955.1

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

Group I Loans - ARM 327

27-Dec-05

1.36%

22,467,348

2.36%

1.56%

2.36%

0.00%

353

6.42%

5.92%

543,920

0.00

25-Nov-05

1.38%

23,021,074

2.42%

0.00%

354

6.42%

5.92%

0.00

25-Oct-05

1.38%

23,030,375

2.42%

0.00%

355

6.42%

5.92%

0.00

26-Sep-05

1.38%

23,039,457

2.42%

0.00%

356

6.42%

5.92%

0.00

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

Page 41 of 46

Bear Stearns Asset Backed Securities I LLC

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-FR1

ABN AMRO Acct: 722955.1

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

Group II Loans - Fixed 1st Lien

27-Dec-05

233

5.03%

44,793,661

4.71%

2.92%

2.30%

0.00%

349

6.77%

6.26%

1,056,785

0.00

25-Nov-05

240

5.19%

45,904,908

4.83%

1.64%

1.73%

0.00%

350

6.78%

6.28%

810,167

0.00

25-Oct-05

244

5.27%

46,760,406

4.92%

2.79%

3.10%

0.00%

351

6.80%

6.30%

1,498,934

0.00

26-Sep-05

251

5.42%

48,308,003

5.08%

1.18%

1.27%

0.00%

352

6.80%

6.29%

623,923

0.00

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

Page 42 of 46

Bear Stearns Asset Backed Securities I LLC

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-FR1

ABN AMRO Acct: 722955.1

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

Group II Loans - Fixed 2nd Lien

27-Dec-05

388

8.38%

13,718,162

1.44%

3.00%

2.78%

0.00%

324

9.96%

9.46%

393,322

0.00

25-Nov-05

400

8.64%

14,127,412

1.49%

1.96%

1.95%

0.00%

325

9.96%

9.45%

280,602

0.00

25-Oct-05

408

8.82%

14,420,896

1.52%

1.45%

1.29%

0.00%

327

9.96%

9.46%

189,015

0.00

26-Sep-05

414

8.95%

14,623,350

1.54%

0.96%

0.73%

0.00%

328

9.98%

9.48%

108,370

0.00

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

Page 43 of 46

Bear Stearns Asset Backed Securities I LLC

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-FR1

ABN AMRO Acct: 722955.1

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

Group II Loans - ARM 228

27-Dec-05

1,311

28.33%

215,159,091

22.63%

4.03%

4.80%

0.00%

353

7.47%

6.96%

10,865,130

0.00

25-Nov-05

1,366

29.52%

226,168,818

23.79%

2.64%

3.07%

0.00%

354

7.47%

6.96%

7,168,890

0.00

25-Oct-05

1,403

30.32%

233,479,241

24.56%

1.96%

2.10%

0.00%

355

7.47%

6.97%

5,013,661

0.00

26-Sep-05

1,431

30.92%

238,637,028

25.10%

1.17%

1.40%

0.00%

356

7.48%

6.97%

3,381,363

0.00

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

Page 44 of 46

Bear Stearns Asset Backed Securities I LLC

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-FR1

ABN AMRO Acct: 722955.1

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

Group II Loans - ARM 327

27-Dec-05

1.40%

14,318,246

1.51%

1.52%

0.55%

0.00%

353

6.90%

6.40%

79,614

0.00

25-Nov-05

1.43%

14,406,582

1.52%

4.35%

3.60%

0.00%

354

6.92%

6.41%

538,248

0.00

25-Oct-05

1.49%

14,951,778

1.57%

0.00%

355

6.92%

6.41%

0.00

26-Sep-05

1.49%

14,958,822

1.57%

0.00%

356

6.92%

6.41%

0.00

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

Page 45 of 46

Bear Stearns Asset Backed Securities I LLC

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

23-Dec-05

Asset-Backed Certificates

Series 2005-FR1

ABN AMRO Acct: 722955.1

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 46 of 46

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

BEAR STEARNS ASSET BACKED SECURITIES I TRUST 2005-FR1 8-K