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

Structured Asset Mortgage Investments II Inc.
(Exact name of registrant as specified in its charter)

Delaware
(State or other jurisdiction
of incorporation)

333-125422
(Commission
File Number)

30-0183252
(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-CL1 Asset-Backed Certificates, Series 2005-CL1, 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 6.05 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 SECURITIES ADMINISTRATOR UNDER THE POOLING AND SERVICING AGREEMENT ON BEHALF OF STRUCTURED ASSET MORTGAGE INVESTMENTS II INC., REGISTRANT

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

Date: January 3, 2006

Bear Stearns Asset Backed Securities I Trust 2005-CL1

Asset Backed Certificates Series 2005-CL1

ABN AMRO Acct: 723051.1

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

24-Nov-05

Administrator:

Christopher Lewis 312.904.7992
christopher.lewis@abnamro.com

Analyst:

Karen Wu 714.259.6248
karen.wu@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

Other Related Information

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

Page 2-3
Page 4-6
Page 7
Page 8

Page 9

Page 10
Page 11

Page 12
Page 13

Page 14

Historical REO Report

Page 15

Page(s)

Information is available for this issue from the following sources

Issue Id:

Monthly Data File
Name:

BSAB5CL1

BSAB5CL1_200512_3.ZIP

Closing Date:

First Payment Date:

Rated Final Payment: Date:

24-Oct-05
25-Nov-05

25-Sep-34

Parties to The Transaction

Depositor: Bear Stearns Asset Backed Securities I LLC

Underwriter: Bear Stearns & Co. Inc./Bear Stearns & Co. Inc.

Master Servicer: ABN AMRO LaSalle Bank N.A.

Rating Agency: Moody's Investors Service, Inc./Fitch Ratings

800.246.5761

LaSalle Factor Line

LaSalle Web Site

Servicer Web Site

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:

9.932185%

4.193750%
4.378750%

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

24-Nov-05

Bear Stearns Asset Backed Securities I Trust 2005-CL1

Asset Backed Certificates Series 2005-CL1

Face Value (1)

Balance

Payment

Adj. or Loss

Amortization

Balance

Payment (2)

Adjustment

Rate

191

Bond Payments

Statement Date:

ABN AMRO Acct: 723051.1

961.121948788

29.657085982

0.000000000

931.464862807

3.759388476

4.8787500000%

0.00

0.000000000

4.6937500000%

0.000000000

073879U97

A-1

221,512,000.00

6,569,400.43

0.00

206,330,644.69

832,749.66

212,900,045.12

961.121948564

29.657086093

0.000000000

931.464862471

3.759388535

4.8787500000%

0.00

0.000000000

4.6937500000%

0.000000000

073879V21

A-2

24,613,000.00

729,949.86

0.00

22,926,144.66

92,529.83

23,656,094.52

961.121948807

0.000000000

931.464862773

2.648091214

4.2625000000%

0.00

0.000000000

3.3062500000%

0.000000000

073879V39

A-3

246,125,000.00

0.00

229,256,789.35

651,761.45

236,556,139.65

1000.000000000

0.000000000

1000.000000000

4.287778134

5.0087500000%

0.00

0.000000000

4.8237500000%

0.000000000

073879V47

M-1

9,348,000.00

0.00

9,348,000.00

40,082.15

9,348,000.00

1000.000000000

0.000000000

1000.000000000

4.305556011

5.0287500000%

0.00

0.000000000

4.8437500000%

0.000000000

073879V54

M-2

4,883,000.00

0.00

4,883,000.00

21,024.03

4,883,000.00

1000.000000000

0.000000000

1000.000000000

4.394443752

5.1287500000%

0.00

0.000000000

4.9437500000%

0.000000000

073879V62

M-3

3,209,000.00

0.00

3,209,000.00

14,101.77

3,209,000.00

1000.000000000

0.000000000

1000.000000000

4.927778441

5.7287500000%

0.00

0.000000000

5.5437500000%

0.000000000

073879V70

M-4

3,349,000.00

0.00

3,349,000.00

16,503.13

3,349,000.00

1000.000000000

0.000000000

1000.000000000

5.283331343

6.1287500000%

0.00

0.000000000

5.9437500000%

0.000000000

073879V88

M-5

1,675,000.00

0.00

1,675,000.00

8,849.58

1,675,000.00

1000.000000000

0.000000000

1000.000000000

5.950000000

6.8787500000%

0.00

0.000000000

6.6937500000%

0.000000000

073879V96

M-6

1,395,000.00

0.00

1,395,000.00

8,300.25

1,395,000.00

1000.000000000

0.000000000

1000.000000000

6.838888889

7.8787500000%

0.00

0.000000000

7.6937500000%

0.000000000

073879W20

M-7

1,395,000.00

0.00

1,395,000.00

9,540.25

1,395,000.00

1000.000000000

0.000000000

1000.000000000

6.838888889

7.8787500000%

0.00

0.000000000

7.6937500000%

0.000000000

073879W38

M-8

1,395,000.00

0.00

1,395,000.00

9,540.25

1,395,000.00

1000.000000000

0.000000000

1000.000000000

6.838888889

7.8787500000%

0.00

0.000000000

7.6937500000%

0.000000000

073879W46

M-9

1,395,000.00

0.00

1,395,000.00

9,540.25

1,395,000.00

1000.000000000

0.000000000

1000.000000000

6.838889287

7.8787500000%

0.00

0.000000000

7.6937500000%

0.000000000

073879W53

M-10

2,791,000.00

0.00

2,791,000.00

19,087.34

2,791,000.00

965.709104630

0.000000000

939.551529160

1.345449896

0.00

0.000000000

1.6718697870%

0.000000000

073879W61

B-IO

279,053,015.00

0.00

262,184,686.96

375,451.85

269,484,037.26

0.000000000

0.00

0.000000000

N/A

0.000000000

073879W79

R-I

0.00

0.000000000

0.00

0.000000000

N/A

0.000000000

073879Y85

R-II

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:

9.932185%

4.193750%
4.378750%

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

24-Nov-05

Bear Stearns Asset Backed Securities I Trust 2005-CL1

Asset Backed Certificates Series 2005-CL1

Face Value (1)

Balance

Payment

Adj. or Loss

Amortization

Balance

Payment (2)

Adjustment

Rate

191

Bond Payments

Statement Date:

ABN AMRO Acct: 723051.1

Total P&I Payment

0.00

276,960,000.00

267,391,139.64

9,408,412.08

Total

260,091,789.35

7,299,350.29

0.00

2,109,061.79

Page 3 of 15

Bear Stearns Asset Backed Securities I Trust 2005-CL1

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

24-Nov-05

Asset Backed Certificates Series 2005-CL1

ABN AMRO Acct: 723051.1

Statement Date:

Cash Reconciliation Summary

Interest Summary

Available Interest

2,111,276.01

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

624,266.39

78,026.86

6,597,057.05

0.00
0.00
0.00

9,410,626.31

Pool Balance Summary

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

Balance/Amount

Count

269,484,037.26

624,266.39

6,675,083.91

0.00
0.00
0.00

262,184,686.96

5,150

114

0
0

5,036

140,603.23

Overcollateralization Increase Amt

Trigger Event

0.00

7,299,350.30

Overcollateralization Amt

2,092,897.62

Less OC Increase Amount

Remittance Interest

0.00

2,111,276.01

6,675,083.91

Interest Due Trust

2,111,276.01

Total Fees

149,460.12

Reimbursement Amt

Class II-A Policy - Interest

Class II-A Policy - Principal

Other

Rolling 3-Month Delinquency

6.87

Total LPMI Fees

0.00

Less Extraordinary Trust Expense

0.00

Master Servicing Fees

6,642.67

0.00

Trustee Fees

0.00

Total Reimbursement Amt

Risk Manager Fee

2,214.22

Page 4 of 15

Bear Stearns Asset Backed Securities I Trust 2005-CL1

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

24-Nov-05

Asset Backed Certificates Series 2005-CL1

ABN AMRO Acct: 723051.1

Statement Date:

Cash Reconciliation Summary Trust Mortgage Loans

Interest Summary

Available Interest

2,081,661.94

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

624,266.39

78,026.86

6,597,057.05

0.00
0.00
0.00

9,381,012.24

Pool Balance Summary

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

Balance/Amount

Count

265,706,883.26

624,266.39

6,675,083.91

0.00
0.00
0.00

258,407,532.96

5,149

114

0
0

5,035

140,603.23

Trigger Event

7,299,350.30

Overcollateralization Amt

2,092,897.62

Remittance Interest

2,081,661.94

6,675,083.91

Interest Due Trust

2,081,661.94

Total Fees

149,460.12

Reimbursement Amt

Class II-A Policy - Interest

Class II-A Policy - Principal

Other

Rolling 3-Month Delinquency

6.87

Total LPMI Fees

0.00

Less Extraordinary Trust Expense

0.00

Master Servicing Fees

6,642.67

0.00

Trustee Fees

0.00

Total Reimbursement Amt

Risk Manager Fee

2,214.22

Page 5 of 15

Bear Stearns Asset Backed Securities I Trust 2005-CL1

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

24-Nov-05

Asset Backed Certificates Series 2005-CL1

ABN AMRO Acct: 723051.1

Statement Date:

Cash Reconciliation Summary Subsequent Mortgage Loans

Interest Summary

Available Interest

29,614.07

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

0.00

0.00
0.00
0.00
0.00
0.00

29,614.07

Pool Balance Summary

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

Balance/Amount

Count

3,777,154.00

0.00
0.00
0.00
0.00
0.00

3,777,154.00

0
0
1

0.00

Trigger Event

0.00

Overcollateralization Amt

2,092,897.62

Remittance Interest

29,614.07

0.00

Interest Due Trust

29,614.07

Total Fees

0.00

Reimbursement Amt

Class II-A Policy - Interest

Class II-A Policy - Principal

Other

Rolling 3-Month Delinquency

6.87

Total LPMI Fees

0.00

Less Extraordinary Trust Expense

0.00

Master Servicing Fees

0.00
0.00

Trustee Fees

0.00

Total Reimbursement Amt

Page 6 of 15

Bear Stearns Asset Backed Securities I Trust 2005-CL1

Class

Payment Date:

Prior Payment:
Next Payment:

Record Date:

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

24-Nov-05

Asset Backed Certificates Series 2005-CL1

ABN AMRO Acct: 723051.1

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

Deposits from YM

Agreement

Remaining Basis Risk

Carry-Fwd Shortfall

Current Basis Risk

Carry-Fwd Shortfall

0.00

A-1

30/360

832,749.66

0.00

832,749.66

0.00

A-2

30/360

92,529.83

0.00

92,529.83

0.00

A-3

30/360

651,761.45

0.00

651,761.45

0.00

M-1

Act/360

40,082.15

0.00

40,082.15

0.00

M-2

Act/360

21,024.03

0.00

21,024.03

0.00

M-3

Act/360

14,101.77

0.00

14,101.77

0.00

M-4

Act/360

16,503.13

0.00

16,503.13

0.00

M-5

Act/360

8,849.58

0.00

8,849.58

0.00

M-6

Act/360

8,300.25

0.00

8,300.25

0.00

M-7

Act/360

9,540.25

0.00

9,540.25

0.00

M-8

Act/360

9,540.25

0.00

9,540.25

0.00

M-9

Act/360

9,540.25

0.00

9,540.25

0.00

M-10

Act/360

19,087.34

0.00

19,087.34

0.00

B-IO

30/360

375,451.85

0.00

375,451.85

0.00

2,109,061.79

0.00

2,109,061.79

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 7 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 I Trust 2005-CL1

Payment Date:

Prior Payment:
Next Payment:

Record Date:

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

24-Nov-05

Asset Backed Certificates Series 2005-CL1

ABN AMRO Acct: 723051.1

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

3.00
1.00

A-1

9/25/2034

206,330,644.69

0.00

212,900,045.12

221,512,000.00

561,953.25

0.00

6,007,447.18

A-2

9/25/2034

22,926,144.66

0.00

23,656,094.52

24,613,000.00

62,440.66

0.00

667,509.20

A-3

9/25/2034

229,256,789.35

0.00

236,556,139.65

246,125,000.00

0.00

M-1

9/25/2034

9,348,000.00

0.00

9,348,000.00

0.00

M-2

9/25/2034

4,883,000.00

0.00

4,883,000.00

0.00

M-3

9/25/2034

3,209,000.00

0.00

3,209,000.00

0.00

M-4

9/25/2034

3,349,000.00

0.00

3,349,000.00

0.00

M-5

9/25/2034

1,675,000.00

0.00

1,675,000.00

0.00

M-6

9/25/2034

1,395,000.00

0.00

1,395,000.00

0.00

M-7

9/25/2034

1,395,000.00

0.00

1,395,000.00

0.00

M-8

9/25/2034

1,395,000.00

0.00

1,395,000.00

0.00

M-9

9/25/2034

1,395,000.00

0.00

1,395,000.00

0.00

M-10

9/25/2034

2,791,000.00

0.00

2,791,000.00

0.00

B-IO

9/25/2034

262,184,686.96

0.00

269,484,037.26

279,053,015.00

0.00

624,393.91

0.00

6,674,956.38

0.00

276,960,000.00

260,091,789.35

267,391,139.64

Page 8 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 I Trust 2005-CL1

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

24-Nov-05

Asset Backed Certificates Series 2005-CL1

ABN AMRO Acct: 723051.1

Other Related Information

Statement Date:

Pre-Funding Account

Interest Coverage Account

Pre-Funded Balance

Amount Withdrawn

Remaining Pre-Funded Balance

Interest Coverage Balance

Amount Withdrawn

Remaining Interest Coverage Balance

$3,777,154.00

$0.00

$3,777,154.00

$57,848.96

$29,614.07

$28,234.89

Page 9 of 15

Bear Stearns Asset Backed Securities I Trust 2005-CL1

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

24-Nov-05

Asset Backed Certificates Series 2005-CL1

ABN AMRO Acct: 723051.1

Interest Adjustments Summary

Statement Date

0.00

Special Servicing Fees

Workout Fees

Liquidation Fees

Legal Fees

0.00

35.94

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

1,527.40

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

1,563.34

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

0.00

0.00

Total Excess Allocated to the Bonds

)

(1,563.34

)

(1,563.34

Aggregate Interest Adjustment Allocated to the Bonds

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 10 of 15

Bear Stearns Asset Backed Securities I Trust 2005-CL1

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

24-Nov-05

Asset Backed Certificates Series 2005-CL1

ABN AMRO Acct: 723051.1

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

4.23%

5.15%

1.65%

1.72%

1.39%

3,616,450

1.38%

0.48%

0.53%

0.00%

27-Dec-05

213

13,489,501

4,519,687

1,382,671

4,646

239,176,378

92.26%

91.22%

4.85%

5.73%

1.63%

1.67%

0.50%

1,340,597

0.50%

0.04%

0.10%

0.00%

25-Nov-05

250

15,436,724

4,488,859

261,339

4,788

247,956,519

92.97%

92.01%

Page 11 of 15

Bear Stearns Asset Backed Securities I Trust 2005-CL1

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

24-Nov-05

Asset Backed Certificates Series 2005-CL1

ABN AMRO Acct: 723051.1

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

41,401

2,511,104

1,042,539

1,341,269

854,064

0.00%

0.02%

0.46%

0.51%

0.73%

0.96% 0.36%

0.40% 0.34%

0.33%

0.00%

5.00%

5.14%

252 13,480,480

0.00%

25-Nov-05

152,258

2,641,978

2,284,699

109,080

1,017,242

0.00%

0.04%

0.06%

0.04%

0.87%

0.98% 0.70%

0.85% 0.43%

0.38%

-0.04%

0.00%

4.35%

4.51%

)

224 12,157,685

0.00%

Page 12 of 15

Bear Stearns Asset Backed Securities I Trust 2005-CL1

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

24-Nov-05

Asset Backed Certificates Series 2005-CL1

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

Distribution

Date

Ending Pool (1)

Payoffs(2)

Penalties

Appraisal Reduct. (2)

Liquidations (2)

Realized Losses (2)

Remaining Term

Curr Weighted Avg.

# Balance

# Amount

# Balance

# Amount

Life

Coupon Remit

Statement Date:

Amort

ABN AMRO Acct: 723051.1

27-Dec-05

5,036

93.28%

262,184,687

94.98%

2.21%

2.45%

0.00%

191

315

9.93%

9.28%

114

6,597,057

25-Nov-05

5,150

95.39%

269,484,037

97.62%

2.87%

3.18%

0.00%

193

316

9.94%

9.28%

152

8,885,525

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

Page 13 of 15

Bear Stearns Asset Backed Securities I Trust 2005-CL1

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

24-Nov-05

Asset Backed Certificates Series 2005-CL1

ABN AMRO Acct: 723051.1

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 I Trust 2005-CL1

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

27-Dec-05
27-Dec-05

25-Nov-05

25-Jan-06

24-Nov-05

Asset Backed Certificates Series 2005-CL1

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: 723051.1

Page 15 of 15

Bear Stearns Asset Backed Securities I Trust 2005-CL1 8-K