SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K /A

Current Report Pursuant To Section 13 or 15(d) of

the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): May 28, 2002

Morgan Stanley ABS Capital I Inc.,

(as Depositor, OCWEN Federal Bank FSB, as Servicer, CDC Mortgage

Capital Inc., as Unaffiliated Seller and Deutsche Bank National

Trust Company, as Trustee).

CDC Mortgage Capital Trust 2002-HE1

(Exact name of Registrant as specified in its Charter)

DELAWARE

(State or Other Jurisdiction of Incorporation)

333-65702-02 13-3939229

(Commission File Number) (I.R.S. Employer Identification No.)

1585 BROADWAY, 2ND FLOOr

NEW YORK, NEW YORK 10036

(Address of principal executive offices) (Zip Code)

Registrant's Telephone Number, Including Area Code: (212) 761-4000

Item 5. Other Events

Attached hereto is a copy of the Monthly Remittance Statements to the

Certificateholders which was derived from the monthly information

submitted by the Master Servicer of the Trust to the Trustee.

Item 7. Financial Statement and Exhibits

Exhibits: (as noted in Item 5 above)

Monthly Remittance Statement to the Certificateholders dated as of

May 28, 2002.

SIGNATURE

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.

Deutsche Bank National Trust Company,

not in its individual capacity, but solely

as a duly authorized agent of the Registrant

pursuant to the Pooling and Servicing

Agreement, dated as of April 1, 2002.

Date: Jan 23, 2003 By: /s/ Katie Wannenmacher

Katie Wannenmacher

Vice President

EXHIBIT INDEX

DOCUMENT

Monthly Remittance Statement to the Certificateholders

dated as of May 28, 2002.


	CDC Mortgage Capital Trust 2002-HE1
	Mortgage Pass-Through Certificates


	May 28, 2002 Distribution


	Contents



			TABLE OF CONTENTS

								Page

			1.	Contents				1
			2.	Certificate Payment Report				2
			3.	Collection Account Report				6
			4.	Credit Enhancement Report				9
			5.	Collateral Report				10
			6.	Delinquency Report				13
			7.	REO Report				18
			8.	Prepayment Report				19
			9.	Prepayment Detail Report				22
			10.	Realized Loss Report				23
			11.	Realized Loss Detail Report				26
			12.	Triggers, Adj. Rate Cert. and Miscellaneous Report				27
			13.	Other Related Information				28
			14.	Additional Certificate Report				29



				Total Number of Pages				29




			CONTACTS

				Administrator: Jeremy B Conyers
				Direct Phone Number: (714)247-6274
				Address: Deutsche Bank
				1761 E. St. Andrew Place, Santa Ana, CA 92705

				Web Site: http://www-apps.gis.deutsche-bank.com/invr
				Factor Information: (800) 735-7777
				Main Phone Number: (714) 247-6000




ISSUANCE INFORMATION

	Seller:		CDC Mortgage Capital					Cut-Off Date: April 1, 2002
	Certificate Insurer(s):							Closing Date: April 30, 2002
								First Payment Date: May 28, 2002
	Servicer(s):		Ocwen Federal Master Servicer


								Distribution Date: May 28, 2002
	Underwriter(s):		Morgan Stanley Dean Witter					Record Date: May 24, 2002
								April 30, 2002




						Page 1 of 29					© COPYRIGHT 2002 Deutsche Bank
	CDC Mortgage Capital Trust 2002-HE1
	Mortgage Pass-Through Certificates
	Lower Tier Series 2002-HE1
	Certificate Payment Report for May 28, 2002 Distribution


	Distribution in Dollars - Current Period
					Prior						Current
	Class	Original			Principal			Total	Realized	Deferred	Principal
Class	Type	Face Value			Balance	Interest	Principal	Distribution	Losses	Interest	Balance
					(1)	(2)	(3)	(4)=(2)+(3)	(5)	(6)	(7)=(1)-(3)-(5)+(6)

LT-A		224,619,000.00			224,619,000.00	1,371,623.11	936,753.29	2,308,376.40	-	-	223,682,246.71
LT-M		12,690,500.00			12,690,500.00	77,493.81	-	77,493.81	-	-	12,690,500.00
LT-B		12,690,500.00			12,690,500.00	77,493.81	-	77,493.81	-	-	12,690,500.00
LT-ACCRUAL		257,614,113.00			257,614,113.00	1,573,105.88	936,753.29	2,509,859.17	-	-	256,677,359.72
LT-R		-			-	-	-	-	-	-	-


Total		507,614,113.00			507,614,113.00	3,099,716.61	1,873,506.58	4,973,223.19	-	-	505,740,606.43


	Interest Accrual Detail				Current Period Factor Information per $1,000 of Original Face
						Orig. Principal	Prior				Current
	Period	Period				(with Notional)	Principal			Total	Principal
Class	Starting	Ending		Method	Cusip	Balance	Balance	Interest	Principal	Distribution	Balance
							(1)	(2)	(3)	(4)=(2)+(3)	(5)

LT-A				A-Act/360		224,619,000.00	1,000.000000	6.106443	4.170410	10.276853	995.829590
LT-M				A-Act/360		12,690,500.00	1,000.000000	6.106443	-	6.106443	1,000.000000
LT-B				A-Act/360		12,690,500.00	1,000.000000	6.106443	-	6.106443	1,000.000000
LT-ACCRUAL				A-Act/360		257,614,113.00	1,000.000000	6.106443	3.636265	9.742708	996.363735
LT-R				A-Act/360		-	-	-	-	-	-


							Page 2 of 29				© COPYRIGHT 2002 Deutsche Bank
	CDC Mortgage Capital Trust 2002-HE1
	Mortgage Pass-Through Certificates
	Lower Tier Series 2002-HE1
	Certificate Payment Report for May 28, 2002 Distribution


	Distribution in Dollars - to Date
											Current
	Original				Unscheduled	Scheduled	Total	Total	Realized	Deferred	Principal
Class	Face Value		Interest		Principal	Principal	Principal	Distribution	Losses	Interest	Balance
	(1)		(2)		(3)	(4)	(5)=(3)+(4)	(6)=(2)+(5)	(7)	(8)	(9)=(1)-(5)-(7)+(8)

LT-A	224,619,000.00		1,371,623.11		790,278.73	146,474.56	936,753.29	2,308,376.40	-	-	223,682,246.71
LT-M	12,690,500.00		77,493.81		-	-	-	77,493.81	-	-	12,690,500.00
LT-B	12,690,500.00		77,493.81		-	-	-	77,493.81	-	-	12,690,500.00
LT-ACCRUAL	257,614,113.00		1,573,105.88		790,278.73	146,474.56	936,753.29	2,509,859.17	-	-	256,677,359.72
LT-R	-		-		-	-	-	-	-	-	-


Total	507,614,113.00		3,099,716.61		1,580,557.46	292,949.12	1,873,506.58	4,973,223.19	-	-	505,740,606.43


	Interest Detail
	Pass-	Prior Principal				Non-	Prior	Unscheduled		Paid or	Current
	Through	(with Notional)			Accrued	Supported	Unpaid	Interest	Optimal	Deferred	Unpaid
Class	Rate	Balance			Interest	Interest SF	Interest	Adjustments	Interest	Interest	Interest
					(1)	(2)	(3)	(4)	(5)=(1)-(2)+(3)+(4)	(6)	(7)=(5)-(6)

LT-A	7.85114%	224,619,000.00			1,371,623.11	-	-	-	1,371,623.11	1,371,623.11	-
LT-M	7.85114%	12,690,500.00			77,493.81	-	-	-	77,493.81	77,493.81	-
LT-B	7.85114%	12,690,500.00			77,493.81	-	-	-	77,493.81	77,493.81	-
LT-ACCRUAL	7.85114%	257,614,113.00			1,573,105.88	-	-	-	1,573,105.88	1,573,105.88	-
LT-R	7.85114%	-			-	-	-	-	-	-	-


Total		507,614,113.00			3,099,716.61	-	-	-	3,099,716.61	3,099,716.61	-


							Page 3 of 29				© COPYRIGHT 2002 Deutsche Bank
	CDC Mortgage Capital Trust 2002-HE1
	Mortgage Pass-Through Certificates
	Upper Tier Series 2002-HE1
	Certificate Payment Report for May 28, 2002 Distribution


	Distribution in Dollars - Current Period
					Prior						Current
	Class	Original			Principal			Total	Realized	Deferred	Principal
Class	Type	Face Value			Balance	Interest	Principal	Distribution	Losses	Interest	Balance
					(1)	(2)	(3)	(4)=(2)+(3)	(5)	(6)	(7)=(1)-(3)-(5)+(6)

A	FLT,STEP	449,238,000.00			449,238,000.00	752,099.29	1,873,506.58	2,625,605.87	-	-	447,364,493.42
M	MEZ,FLT,STE	25,381,000.00			25,381,000.00	61,048.36	-	61,048.36	-	-	25,381,000.00
B	SUB,FLT,STE	25,381,000.00			25,381,000.00	90,659.52	-	90,659.52	-	-	25,381,000.00
X	SUB	7,614,113.00			7,614,113.00	2,158,473.55	-	2,158,473.55	-	-	7,614,113.00
UT-R	R	-			-	-	-	-	-	-	-
P	SUB,EXE	-			-	17,493.16	-	17,493.16	-	-	-


Total		507,614,113.00			507,614,113.00	3,079,773.88	1,873,506.58	4,953,280.46	-	-	505,740,606.42


	Interest Accrual Detail				Current Period Factor Information per $1,000 of Original Face
						Orig. Principal	Prior				Current
	Period	Period				(with Notional)	Principal			Total	Principal
Class	Starting	Ending		Method	Cusip	Balance	Balance	Interest	Principal	Distribution	Balance
							(1)	(2)	(3)	(4)=(2)+(3)	(5)

A				A-Act/360	12506YAF6	449,238,000.00	1,000.000000	1.674167	4.170410	5.844577	995.829590
M				A-Act/360	12506YAG4	25,381,000.00	1,000.000000	2.405278	-	2.405278	1,000.000000
B				A-Act/360	12506YAH2	25,381,000.00	1,000.000000	3.571944	-	3.571944	1,000.000000
X				A-Act/360		515,228,226.00	1,000.000000	4.189354	-	4.189354	996.363735
UT-R				A-Act/360		-	-	-	-	-	-
P				A-Act/360		-	-	-	-	-	-


							Page 4 of 29				© COPYRIGHT 2002 Deutsche Bank
	CDC Mortgage Capital Trust 2002-HE1
	Mortgage Pass-Through Certificates
	Upper Tier Series 2002-HE1
	Certificate Payment Report for May 28, 2002 Distribution


	Distribution in Dollars - to Date
											Current
	Original				Unscheduled	Scheduled	Total	Total	Realized	Deferred	Principal
Class	Face Value		Interest		Principal	Principal	Principal	Distribution	Losses	Interest	Balance
	(1)		(2)		(3)	(4)	(5)=(3)+(4)	(6)=(2)+(5)	(7)	(8)	(9)=(1)-(5)-(7)+(8)

A	449,238,000.00		752,099.29		1,580,557.46	292,949.12	1,873,506.58	2,625,605.87	-	-	447,364,493.42
M	25,381,000.00		61,048.36		-	-	-	61,048.36	-	-	25,381,000.00
B	25,381,000.00		90,659.52		-	-	-	90,659.52	-	-	25,381,000.00
X	7,614,113.00		2,158,473.55		-	-	-	2,158,473.55	-	-	7,614,113.00
UT-R	-		-		-	-	-	-	-	-	-
P	-		17,493.16		-	-	-	17,493.16	-	-	-


Total	507,614,113.00		3,079,773.88		1,580,557.46	292,949.12	1,873,506.58	4,953,280.46	-	-	505,740,606.42


	Interest Detail
	Pass-	Prior Principal				Non-	Prior	Unscheduled		Paid or	Current
	Through	(with Notional)			Accrued	Supported	Unpaid	Interest	Optimal	Deferred	Unpaid
Class	Rate	Balance			Interest	Interest SF	Interest	Adjustments	Interest	Interest	Interest
					(1)	(2)	(3)	(4)	(5)=(1)-(2)+(3)+(4)	(6)	(7)=(5)-(6)

A	2.15250%	449,238,000.00			752,099.29	-	-	-	752,099.29	752,099.29	-
M	3.09250%	25,381,000.00			61,048.36	-	-	-	61,048.36	61,048.36	-
B	4.59250%	25,381,000.00			90,659.52	-	-	-	90,659.52	90,659.52	-
X	5.56193%	515,228,226.00			2,158,473.55	-	-	-	2,158,473.55	2,158,473.55	-
UT-R		-			-	-	-	-	-	-	-
P		-			17,493.16	-	-	-	17,493.16	17,493.16	-


Total		1,015,228,226.00			3,079,773.88	-	-	-	3,079,773.88	3,079,773.88	-


							Page 5 of 29				© COPYRIGHT 2002 Deutsche Bank
	CDC Mortgage Capital Trust 2002-HE1
	Mortgage Pass-Through Certificates
	Series 2002-HE1
	Collection Account Report for May 28, 2002 Distribution


	Collection Account Report


SUMMARY				GROUP 4	GROUP 3	GROUP 2	GROUP 1	TOTAL

	Principal Collections			277,761.29	476,749.21	109,634.67	1,009,361.40	1,873,506.57
	Principal Other Accounts							0.00
	TOTAL NET PRINCIPAL			277,761.29	476,749.21	109,634.67	1,009,361.40	1,873,506.57

	Interest Collections			36,669.89	593,397.88	231,639.62	2,170,150.18	3,031,857.57
	Interest Withdrawals							0.00
	Interest Fees							(66,853.69)
	Interest Other Accounts							114,770.01
	TOTAL NET INTEREST			36,669.89	593,397.88	231,639.62	2,170,150.18	3,079,773.89

	TOTAL AVAILABLE FUNDS FOR DISTRIBUTION			314,431.18	1,070,147.09	341,274.29	3,179,511.58	4,953,280.46


PRINCIPAL - COLLECTIONS				GROUP 4	GROUP 3	GROUP 2	GROUP 1	TOTAL

	Scheduled Principal Received			2,701.76	61,161.99	10,241.72	218,843.65	292,949.12
	Curtailments			174.79	21,419.81	1,357.15	43,019.68	65,971.43
	Prepayments in Full			274,884.74	394,167.41	98,035.80	747,498.07	1,514,586.02
	Repurchases/Substitutions			0.00	0.00	0.00	0.00	0.00
	Liquidations			0.00	0.00	0.00	0.00	0.00
	Insurance			0.00	0.00	0.00	0.00	0.00
	Other Principal			0.00	0.00	0.00	0.00	0.00
	Delinquent Principal			222.65	(58,824.31)	4,009.36	(192,468.85)	(247,061.15)
	Total Realized Losses of Principal			0.00	0.00	0.00	0.00	0.00
	Substitution Shortfall Principal			0.00	0.00	0.00	0.00	0.00
	Advanced Principal			(222.65)	58,824.31	(4,009.36)	192,468.85	247,061.15

	TOTAL PRINCIPAL COLLECTED			277,761.29	476,749.21	109,634.67	1,009,361.40	1,873,506.57


				Page 6 of 29				© COPYRIGHT 2002 Deutsche Bank
	CDC Mortgage Capital Trust 2002-HE1
	Mortgage Pass-Through Certificates
	Series 2002-HE1
	Collection Account Report for May 28, 2002 Distribution


	Collection Account Report


PRINCIPAL - WITHDRAWALS				GROUP 4	GROUP 3	GROUP 2	GROUP 1	TOTAL
SPACE INTENTIONALLY LEFT BLANK


PRINCIPAL - OTHER ACCOUNTS				GROUP 4	GROUP 3	GROUP 2	GROUP 1	TOTAL

	Pre-Funding Principal Release to Distribution Account							0.00

	TOTAL OTHER PRINCIPAL COLLECTED							0.00


INTEREST - COLLECTIONS				GROUP 4	GROUP 3	GROUP 2	GROUP 1	TOTAL

	Scheduled Interest			37,347.52	622,901.47	236,021.15	2,285,473.42	3,181,743.56
	Repurchases/Substitutoins Interest			0.00	0.00	0.00	0.00	0.00
	Liquidation Interest			0.00	0.00	0.00	0.00	0.00
	Insurance Interest			0.00	0.00	0.00	0.00	0.00
	Other Interest			0.00	0.00	0.00	0.00	0.00
	Prepayment Interest Shortfalls			(503.66)	(1,647.85)	(405.02)	(402.86)	(2,959.39)
	Delinquent Interest			(14,917.34)	(600,689.04)	(75,118.53)	(2,012,867.34)	(2,703,592.25)
	Realized Losses Interest			0.00	0.00	0.00	0.00	0.00
	Compensating Interest			503.66	1,647.85	405.02	402.86	2,959.39
	Substitution Shortfall Interest			0.00	0.00	0.00	0.00	0.00
	Interest Advanced			14,239.71	571,185.45	70,737.00	1,897,544.10	2,553,706.26

	TOTAL INTEREST COLLECTED			36,669.89	593,397.88	231,639.62	2,170,150.18	3,031,857.57


				Page 7 of 29				© COPYRIGHT 2002 Deutsche Bank
	CDC Mortgage Capital Trust 2002-HE1
	Mortgage Pass-Through Certificates
	Series 2002-HE1
	Collection Account Report for May 28, 2002 Distribution


	Collection Account Report


INTEREST - WITHDRAWALS				GROUP 4	GROUP 3	GROUP 2	GROUP 1	TOTAL

	Relief Act Interest Shortfalls							0.00
	Trust Fund Expenses							0.00
	Nonrecoverable Advances							0.00
	Reimbursements to Master Servicer							0.00

	TOTAL INTEREST WITHDRAWALS							0.00


INTEREST - OTHER ACCOUNTS				GROUP 4	GROUP 3	GROUP 2	GROUP 1	TOTAL

	Prepayment Charges							17,493.16
	Capitalized Interest Requirement							0.00
	Pre-Funding Account Interest Earnings							97,276.85
	Loan Adjustments							0.00

	TOTAL INTEREST OTHER ACCOUNTS							114,770.01


INTEREST - FEES				GROUP 4	GROUP 3	GROUP 2	GROUP 1	TOTAL

	Current Servicing Fees							27,090.62
	Lender Paid PMI							0.00
	Trustee Fee							2,326.57
	Certificate Insurance Fee							37,436.50

	TOTAL INTEREST OTHER FEES							66,853.69


				Page 8 of 29				© COPYRIGHT 2002 Deutsche Bank
	CDC Mortgage Capital Trust 2002-HE1
	Mortgage Pass-Through Certificates
	Series 2002-HE1
	Credit Enhancement Report for May 28, 2002 Distribution


	Credit Enhancement Report


ACCOUNTS				GROUP 4	GROUP 3	GROUP 2	GROUP 1	TOTAL

	Excess Reserve Fund Account							0.00


INSURANCE				GROUP 4	GROUP 3	GROUP 2	GROUP 1	TOTAL
SPACE INTENTIONALLY LEFT BLANK


STRUCTURAL FEATURES				GROUP 4	GROUP 3	GROUP 2	GROUP 1	TOTAL

	Subordinated Amount							7,614,213.20

	Specified Subordinated Amount							7,614,213.20

	Senior Enhancement Percentage							13.80%


				Page 9 of 29				© COPYRIGHT 2002 Deutsche Bank
	CDC Mortgage Capital Trust 2002-HE1
	Mortgage Pass-Through Certificates
	Series 2002-HE1
	Collateral Report for May 28, 2002 Distribution


	Collateral Report


COLLATERAL				GROUP 4	GROUP 3	GROUP 2	GROUP 1	TOTAL
	Loan Count:
	*Original*			70	1085	382	2360	3897
	Prior			-	-	-	-	-
	Prefunding			-	-	-	-	-
	Scheduled Paid Offs			-	-	-	-	-
	Full Voluntary Prepayments			(4)	(8)	(2)	(5)	(19)
	Repurchases			-	-	-	-	-
	Liquidations			-	-	-	-	-
	Current			66	1,077	380	2,355	3,878

	*Principal Balance:*
	Original			4,101,588.25	73,318,667.69	33,253,009.54	314,070,606.04	424,743,871.52
	Prior			-	-	-	-	-
	Prefunding			-	-	-	-	-
	Scheduled Principal			(2,701.76)	(61,161.99)	(10,241.72)	(218,843.65)	(292,949.12)
	Partial and Full Voluntary Prepayments			(275,059.53)	(415,587.22)	(99,392.95)	(790,517.75)	(1,580,557.45)
	Repurchases			-	-	-	-	-
	Liquidations			-	-	-	-	-
	Current			3,823,826.96	72,841,918.48	33,143,374.87	313,061,244.64	422,870,364.95

PREFUNDING				GROUP 4	GROUP 3	GROUP 2	GROUP 1	TOTAL

	Original Pre-Funding Amount							82,870,341.67

	Pre-Funding Amount Beginning Balance							82,870,341.67
	Withdrawal for Subsequent Transfers							0.00
	Pre-Funding Amount Released as Principal							0.00
	Pre-Funding Amount Ending Balance							82,870,341.67

	Capitalized Interest Account							348,382.00


	Group 1		Group 3
	Group 2		Group 4
Current Prin Balance by Groups (in millions of dollars)					Total Current Principal Balance (in millions of dollars)


				Page 10 of 29				© COPYRIGHT 2002 Deutsche Bank
	CDC Mortgage Capital Trust 2002-HE1
	Mortgage Pass-Through Certificates
	Series 2002-HE1
	Collateral Report for May 28, 2002 Distribution


	Collateral Report


CHARACTERISTICS				GROUP 4	GROUP 3	GROUP 2	GROUP 1	TOTAL

	Weighted Average Coupon Original			10.926748%	10.194972%	8.517286%	8.732330%	8.989164%
	Weighted Average Coupon Prior
	Weighted Average Coupon Current			10.926748%	10.194972%	8.517286%	8.732330%	8.989164%
	Weighted Average Months to Maturity Original			208	286	326	347	334
	Weighted Average Months to Maturity Prior			-	-	-	-	-
	Weighted Average Months to Maturity Current			208	286	326	347	334
	Weighted Avg Remaining Amortization Term Original			281	318	334	348	341
	Weighted Avg Remaining Amortization Term Prior			-	-	-	-	-
	Weighted Avg Remaining Amortization Term Current			281	318	334	348	341
	Weighted Average Seasoning Original			12.20	9.08	4.00	3.38	4.49
	Weighted Average Seasoning Prior			-	-	-	-	-
	Weighted Average Seasoning Current			12.20	9.08	4.00	3.38	4.49

Note: Original information refers to deal issue.


	Group 1		Group 3
	Group 2		Group 4
WAC by Groups					Total WAC


WARAT by Groups					Total WARAT


Note: Dates correspond to distribution dates.
				Page 11 of 29				© COPYRIGHT 2002 Deutsche Bank
	CDC Mortgage Capital Trust 2002-HE1
	Mortgage Pass-Through Certificates
	Series 2002-HE1
	Collateral Report for May 28, 2002 Distribution


	Collateral Report


ARM CHARACTERISTICS				GROUP 4	GROUP 3	GROUP 2	GROUP 1	TOTAL

	Weighted Average Margin Original				2.673%	0.128%	4.463%
	Weighted Average Margin Prior
	Weighted Average Margin Current				2.673%	0.128%	4.463%
	Weighted Average Max Rate Original				6.435%	0.274%	10.643%
	Weighted Average Max Rate Prior
	Weighted Average Max Rate Current				6.435%	0.274%	10.643%
	Weighted Average Min Rate Original				3.642%	0.128%	5.895%
	Weighted Average Min Rate Prior
	Weighted Average Min Rate Current				3.642%	0.128%	5.895%
	Weighted Average Cap Up Original				1.184%	0.056%	1.518%
	Weighted Average Cap Up Prior
	Weighted Average Cap Up Current				1.184%	0.056%	1.518%
	Weighted Average Cap Down Original				1.184%	0.056%	1.518%
	Weighted Average Cap Down Prior
	Weighted Average Cap Down Current				1.184%	0.056%	1.518%

Note: Original information refers to deal issue.

SERVICING FEES / ADVANCES				GROUP 4	GROUP 3	GROUP 2	GROUP 1	TOTAL

	Current Servicing Fees			1,031.37	1,045.86	9,473.88	15,539.51	27,090.62
	Delinquent Servicing Fees			677.63	29,503.59	4,381.54	115,323.24	149,886.00
	TOTAL SERVICING FEES			1,709.00	30,549.45	13,855.42	130,862.75	176,976.62


	Prepayment Interest Shortfall			503.66	1,647.85	405.02	402.86	2,959.39
	Compensating Interest			(503.66)	(1,647.85)	(405.02)	(402.86)	(2,959.39)
	Delinquent Servicing Fees			(677.63)	(29,503.59)	(4,381.54)	(115,323.24)	(149,886.00)
	COLLECTED SERVICING FEES			1,031.37	1,045.86	9,473.88	15,539.51	27,090.62


	Aggregate Advances with respect to this Distribution			14,017.06	630,009.76	66,727.64	2,090,012.95	2,800,767.41

	Current Nonrecoverable Advances			0.00	0.00	0.00	0.00	0.00
	Cumulative Nonrecoverable Advances			0.00	0.00	0.00	0.00	0.00


ADDITIONAL COLLATERAL INFORMATION				GROUP 4	GROUP 3	GROUP 2	GROUP 1	TOTAL

	Net Prepayment Interest Shortfall							0.00

	Total Monthly Excess Spread							2,158,853.39

	Ending Pool Stated Principal Balance + Pre-Funding							505,740,706.62


				Page 12 of 29				© COPYRIGHT 2002 Deutsche Bank
	CDC Mortgage Capital Trust 2002-HE1
	Mortgage Pass-Through Certificates
	Series 2002-HE1
	Delinquency Report for May 28, 2002 Distribution


	Delinquency Report - Total


				CURRENT	1 PAYMENT	2 PAYMTS	3+ PAYMTS	TOTAL
DELINQUENT		Balance			248,260.09	54,529.47	-	302,789.56
		% Balance			0.06%	0.01%	0.00%	0.07%
		# Loans			3	1	-	4
		% # Loans			0.08%	0.03%	0.00%	0.10%
FORECLOSURE		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
BANKRUPTCY		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
REO		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%

TOTAL		Balance		-	248,260.09	54,529.47	-	302,789.56
		% Balance		0.00%	0.06%	0.01%	0.00%	0.07%
		# Loans		-	3	1	-	4
		% # Loans		0.00%	0.08%	0.03%	0.00%	0.10%
Note: Current = 0-30days, 1 Payment =31-60days, 2 Payments = 61-90days, 3+ Payments = 91+
								6 Months Moving Average
1 or 2 Payments Delinquent					3 or More Payments Delinquent


Total Foreclosure					Total Bankruptcy and REO


Note: Dates correspond to distribution dates.
				Page 13 of 29				© COPYRIGHT 2002 Deutsche Bank
	CDC Mortgage Capital Trust 2002-HE1
	Mortgage Pass-Through Certificates
	Series 2002-HE1
	Delinquency Report for May 28, 2002 Distribution


	Delinquency Report - Group 1 Group


				CURRENT	1 PAYMENT	2 PAYMTS	3+ PAYMTS	TOTAL
DELINQUENT		Balance			163,991.16	-	-	163,991.16
		% Balance			0.05%	0.00%	0.00%	0.05%
		# Loans			1	-	-	1
		% # Loans			0.04%	0.00%	0.00%	0.04%
FORECLOSURE		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
BANKRUPTCY		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
REO		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%

TOTAL		Balance		-	163,991.16	-	-	163,991.16
		% Balance		0.00%	0.05%	0.00%	0.00%	0.05%
		# Loans		-	1	-	-	1
		% # Loans		0.00%	0.04%	0.00%	0.00%	0.04%
Note: Current = 0-30days, 1 Payment =31-60days, 2 Payments = 61-90days, 3+ Payments = 91+
								6 Months Moving Average
1 or 2 Payments Delinquent					3 or More Payments Delinquent


Total Foreclosure					Total Bankruptcy and REO


Note: Dates correspond to distribution dates.
				Page 14 of 29				© COPYRIGHT 2002 Deutsche Bank
	CDC Mortgage Capital Trust 2002-HE1
	Mortgage Pass-Through Certificates
	Series 2002-HE1
	Delinquency Report for May 28, 2002 Distribution


	Delinquency Report - Group 2 Group


				CURRENT	1 PAYMENT	2 PAYMTS	3+ PAYMTS	TOTAL
DELINQUENT		Balance			-	-	-	-
		% Balance			0.00%	0.00%	0.00%	0.00%
		# Loans			-	-	-	-
		% # Loans			0.00%	0.00%	0.00%	0.00%
FORECLOSURE		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
BANKRUPTCY		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
REO		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%

TOTAL		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
Note: Current = 0-30days, 1 Payment =31-60days, 2 Payments = 61-90days, 3+ Payments = 91+
								6 Months Moving Average
1 or 2 Payments Delinquent					3 or More Payments Delinquent


Total Foreclosure					Total Bankruptcy and REO


Note: Dates correspond to distribution dates.
				Page 15 of 29				© COPYRIGHT 2002 Deutsche Bank
	CDC Mortgage Capital Trust 2002-HE1
	Mortgage Pass-Through Certificates
	Series 2002-HE1
	Delinquency Report for May 28, 2002 Distribution


	Delinquency Report - Group 3 Group


				CURRENT	1 PAYMENT	2 PAYMTS	3+ PAYMTS	TOTAL
DELINQUENT		Balance			24,963.18	54,529.47	-	79,492.65
		% Balance			0.03%	0.07%	0.00%	0.11%
		# Loans			1	1	-	2
		% # Loans			0.09%	0.09%	0.00%	0.19%
FORECLOSURE		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
BANKRUPTCY		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
REO		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%

TOTAL		Balance		-	24,963.18	54,529.47	-	79,492.65
		% Balance		0.00%	0.03%	0.07%	0.00%	0.11%
		# Loans		-	1	1	-	2
		% # Loans		0.00%	0.09%	0.09%	0.00%	0.19%
Note: Current = 0-30days, 1 Payment =31-60days, 2 Payments = 61-90days, 3+ Payments = 91+
								6 Months Moving Average
1 or 2 Payments Delinquent					3 or More Payments Delinquent


Total Foreclosure					Total Bankruptcy and REO


Note: Dates correspond to distribution dates.
				Page 16 of 29				© COPYRIGHT 2002 Deutsche Bank
	CDC Mortgage Capital Trust 2002-HE1
	Mortgage Pass-Through Certificates
	Series 2002-HE1
	Delinquency Report for May 28, 2002 Distribution


	Delinquency Report - Group 4 Group


				CURRENT	1 PAYMENT	2 PAYMTS	3+ PAYMTS	TOTAL
DELINQUENT		Balance			59,305.75	-	-	59,305.75
		% Balance			1.55%	0.00%	0.00%	1.55%
		# Loans			1	-	-	1
		% # Loans			1.52%	0.00%	0.00%	1.52%
FORECLOSURE		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
BANKRUPTCY		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
REO		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%

TOTAL		Balance		-	59,305.75	-	-	59,305.75
		% Balance		0.00%	1.55%	0.00%	0.00%	1.55%
		# Loans		-	1	-	-	1
		% # Loans		0.00%	1.52%	0.00%	0.00%	1.52%
Note: Current = 0-30days, 1 Payment =31-60days, 2 Payments = 61-90days, 3+ Payments = 91+
								6 Months Moving Average
1 or 2 Payments Delinquent					3 or More Payments Delinquent


Total Foreclosure					Total Bankruptcy and REO


Note: Dates correspond to distribution dates.
				Page 17 of 29				© COPYRIGHT 2002 Deutsche Bank
	CDC Mortgage Capital Trust 2002-HE1
	Mortgage Pass-Through Certificates
	Series 2002-HE1
	REO Report for May 28, 2002 Distribution


	REO Report - Mortgage Loans that Become REO During Current Distribution


SUMMARY				LOAN GROUP

Total Loan Count = 0				Loan Group 1 = Group 1 Group; REO Book Value = 000.00
Total Original Principal Balance = 000.00				Loan Group 2 = Group 2 Group; REO Book Value = 000.00
Total Current Balance = 000.00				Loan Group 3 = Group 3 Group; REO Book Value = 000.00
REO Book Value = 000.00				Loan Group 4 = Group 4 Group; REO Book Value = 000.00

REO Book Value reported corresponds to total REO loans, including loans that become REO during current distribution.

Loan Number		Original	Stated		Current	State &
&		Principal	Principal	Paid to	Note	LTV at	Original	Origination
Loan Group		Balance	Balance	Date	Rate	Origination	Term	Date
SPACE INTENTIONALLY LEFT BLANK


				Page 18 of 29				© COPYRIGHT 2002 Deutsche Bank
	CDC Mortgage Capital Trust 2002-HE1
	Mortgage Pass-Through Certificates
	Series 2002-HE1
	Prepayment Report for May 28, 2002 Distribution


	Prepayment Report - Voluntary Prepayments


VOLUNTARY PREPAYMENTS				GROUP 4	GROUP 3	GROUP 2	GROUP 1	TOTAL

	*Current*
	Number of Paid in Full Loans			4	8	2	5	19
	Number of Repurchased Loans			-	-	-	-	-
	Total Number of Loans Prepaid in Full			4	8	2	5	19

	Paid in Full Balance			274,884.74	394,167.41	98,035.80	747,498.07	1,514,586.02
	Repurchased Loans Balance			-	-	-	-	-
	Curtailments Amount			174.79	21,419.81	1,357.15	43,019.68	65,971.43
	Total Prepayment Amount			275,059.53	415,587.22	99,392.95	790,517.75	1,580,557.45

	*Cumulative*
	Number of Paid in Full Loans			4	8	2	5	19
	Number of Repurchased Loans			-	-	-	-	-
	Total Number of Loans Prepaid in Full			4	8	2	5	19

	Paid in Full Balance			274,884.74	394,167.41	98,035.80	747,498.07	1,514,586.02
	Repurchased Loans Balance			-	-	-	-	-
	Curtailments Amount			174.79	21,419.81	1,357.15	43,019.68	65,971.43
	Total Prepayment Amount			275,059.53	415,587.22	99,392.95	790,517.75	1,580,557.45

SPACE INTENTIONALLY LEFT BLANK


Total Prepayments by Groups (in thousands of dollars)					Total Prepayments (in thousands of dollars)


				Page 19 of 29				© COPYRIGHT 2002 Deutsche Bank
	CDC Mortgage Capital Trust 2002-HE1
	Mortgage Pass-Through Certificates
	Series 2002-HE1
	Prepayment Report for May 28, 2002 Distribution


	Prepayment Report - Voluntary Prepayments


VOLUNTARY PREPAYMENT RATES				GROUP 4	GROUP 3	GROUP 2	GROUP 1	TOTAL

	SMM			6.71%	0.57%	0.30%	0.25%	0.37%
	3 Months Avg SMM
	12 Months Avg SMM
	Avg SMM Since Cut-off			6.71%	0.57%	0.30%	0.25%	0.37%

	CPR			56.55%	6.60%	3.53%	2.98%	4.38%
	3 Months Avg CPR
	12 Months Avg CPR
	Avg CPR Since Cut-off			56.55%	6.60%	3.53%	2.98%	4.38%

	PSA			2318.49%	363.28%	440.76%	441.29%	487.64%
	3 Months Avg PSA Approximation
	12 Months Avg PSA Approximation
	Avg PSA Since Cut-off Approximation			2318.49%	363.28%	440.76%	441.29%	487.64%



	Group 1		Group 3
	Group 2		Group 4


CPR by Groups					Total CPR


PSA by Groups					Total PSA


				Page 20 of 29				© COPYRIGHT 2002 Deutsche Bank
	CDC Mortgage Capital Trust 2002-HE1
	Mortgage Pass-Through Certificates
	Series 2002-HE1
	Prepayment Report for May 28, 2002 Distribution


	Prepayment Report - Voluntary Prepayments

	Group 1		Group 3
	Group 2		Group 4

CPR Avg since Cut-Off by Groups					Total CPR Avg since Cut-Off


PSA Avg since Cut-Off by Groups					Total PSA Avg since Cut-Off


PREPAYMENT CALCULATION METHODOLOGY
Single Monthly Mortality (SMM): (Voluntary partial and full prepayments + Repurchases)/(Beg Principal Balance - Sched Principal)
Conditional Prepayment Rate (CPR): 1-((1-SMM)^12)
PSA Standard Prepayment Model: CPR/(0.02*min(30,WAS))
Average SMM over period between nth month and mth month (AvgSMMn,m): [(1-SMMn) * (1-SMMn+1) .......(1-SMMm)]^(1/months in period n,m)
Average CPR over period between the nth month and mth month (AvgCPRn,m): 1-((1-AvgSMMn,m)^12)
Average PSA Approximation over period between the nth month and mth month: AvgCPRn,m/(0.02*Avg WASn,m))
Average WASn,m: (min(30,WASn)+min(30,WASn+1)+.......+min(30,WASm)/(number of months in the period n,m)
Weighted Average Seasoning (WAS)

Note: Prepayment rates are calculated since deal issue date and include partial and full voluntary prepayments and repurchases.
Dates correspond to distribution dates.

				Page 21 of 29				© COPYRIGHT 2002 Deutsche Bank


	CDC Mortgage Capital Trust 2002-HE1
	Mortgage Pass-Through Certificates
	Series 2002-HE1
	Prepayment Detail Report for May 28, 2002 Distribution


	Prepayment Detail Report - Loans Prepaid in Full During Current Distribution


SUMMARY						LOAN GROUP

Total Loan Count = 19						Loan Group 1 = Group 1 Group
Total Original Principal Balance = 1,520,443.80						Loan Group 2 = Group 2 Group
Total Prepayment Amount = 1,514,586.02						Loan Group 3 = Group 3 Group
						Loan Group 4 = Group 4 Group



Loan Number			Original			Current	State &	Type Prepayment
&		Loan	Principal	Prepayment	Prepayment	Note	LTV at	&	Origination
Loan Group		Status	Balance	Amount	Date	Rate	Origination	Original Term	Date

5772421 1			90,000.00	89,910.91	Apr-30-02	9.490%	CA - 6977.00%	Paid Off - 360	Jan-31-02
30929855 1			417,000.00	416,146.41	Apr-29-02	7.950%	HI - 7128.00%	Paid Off - 360	Jan-07-02
31004708 1			59,850.00	59,800.90	Apr-25-02	12.250%	SC - 9000.00%	Paid Off - 360	Dec-10-01
31134778 1			26,000.00	25,956.62	Apr-25-02	8.950%	IN - 2261.00%	Paid Off - 360	Dec-13-01
31137946 1			156,000.00	155,683.23	Apr-30-02	7.990%	CA - 6500.00%	Paid Off - 360	Dec-24-01
31131782 2			72,341.80	72,164.51	Apr-16-02	10.120%	OK - 8174.00%	Paid Off - 360	Dec-26-01
31135320 2			26,000.00	25,871.29	Apr-15-02	8.760%	OK - 5417.00%	Paid Off - 360	Dec-24-01
31008725 3			43,250.00	42,946.95	Apr-09-02	13.350%	CA - 8492.00%	Paid Off - 240	Jul-31-01
31009657 3			70,000.00	69,881.09	Apr-22-02	13.500%	CA - 7408.00%	Paid Off - 180	Jul-31-01
31009905 3			22,950.00	22,773.68	Apr-01-02	12.650%	RI - 8562.00%	Paid Off - 240	Jul-05-01
31011919 3			60,000.00	59,895.76	Apr-26-02	13.400%	MD - 7500.00%	Paid Off - 180	Jul-25-01
31012651 3			55,900.00	55,349.04	Apr-18-02	10.750%	CO - 8973.00%	Paid Off - 240	Jul-31-01
31014640 3			42,902.00	42,822.21	Apr-26-02	11.750%	CO - 9000.00%	Paid Off - 180	Sep-24-01
31015654 3			40,750.00	40,633.58	Apr-18-02	10.500%	UT - 7630.00%	Paid Off - 180	Sep-11-01
31018161 3			60,000.00	59,865.10	Apr-16-02	10.875%	NY - 8257.00%	Paid Off - 180	Sep-05-01
31006448 4			55,000.00	54,028.92	Apr-18-02	11.125%	KY - 7891.00%	Paid Off - 240	Dec-22-00
31007206 4			31,500.00	30,764.02	Apr-30-02	12.000%	CO - 9000.00%	Paid Off - 180	Apr-13-01
31007990 4			112,000.00	111,396.67	Apr-24-02	11.750%	MI - 8405.00%	Paid Off - 240	May-31-01
31008311 4			79,000.00	78,695.13	Apr-30-02	9.990%	CT - 7820.00%	Paid Off - 180	May-29-01


					Page 22 of 29				© COPYRIGHT 2002 Deutsche Bank
	CDC Mortgage Capital Trust 2002-HE1
	Mortgage Pass-Through Certificates
	Series 2002-HE1
	Realized Loss Report for May 28, 2002 Distribution


	Realized Loss Report - Collateral


COLLATERAL REALIZED LOSSES				GROUP 4	GROUP 3	GROUP 2	GROUP 1	TOTAL

	*Current*
	Number of Loans Liquidated			-	-	-	-	-
	Collateral Realized Loss/(Gain) Amount			-	-	-	-	-
	Net Liquidation Proceeds			-	-	-	-	-

	*Cumulative*
	Number of Loans Liquidated			-	-	-	-	-
	Collateral Realized Loss/(Gain) Amount			-	-	-	-	-
	Net Liquidation Proceeds			-	-	-	-	-

	Note: Collateral realized losses may include adjustments to loans liquidated in prior periods.


	Cumulative Loss Percentage							0.00%


	Group 1		Group 3				3 Months Moving Average
	Group 2		Group 4

Collateral Loss Severity Approximation by Groups					Collateral Loss Severity Approximation


				Page 23 of 29				© COPYRIGHT 2002 Deutsche Bank
	CDC Mortgage Capital Trust 2002-HE1
	Mortgage Pass-Through Certificates
	Series 2002-HE1
	Realized Loss Report for May 28, 2002 Distribution


	Realized Loss Report - Collateral


DEFAULT SPEEDS				GROUP 4	GROUP 3	GROUP 2	GROUP 1	TOTAL

	MDR			0.00%	0.00%	0.00%	0.00%	0.00%
	3 Months Avg MDR
	12 Months Avg MDR
	Avg MDR Since Cut-off			0.00%	0.00%	0.00%	0.00%	0.00%

	CDR			0.00%	0.00%	0.00%	0.00%	0.00%
	3 Months Avg CDR
	12 Months Avg CDR
	Avg CDR Since Cut-off			0.00%	0.00%	0.00%	0.00%	0.00%

	SDA			0.00%	0.00%	0.00%	0.00%	0.00%
	3 Months Avg SDA Approximation
	12 Months Avg SDA Approximation
	Avg SDA Since Cut-off Approximation			0.00%	0.00%	0.00%	0.00%	0.00%

	Loss Severity Approximation for Current Period
	3 Months Avg Loss Severity Approximation
	12 Months Avg Loss Severity Approximation
	Avg Loss Severity Approximation Since Cut-off

	Group 1		Group 3
	Group 2		Group 4
CDR by Groups					Total CDR


SDA by Groups					Total SDA


				Page 24 of 29				© COPYRIGHT 2002 Deutsche Bank
	CDC Mortgage Capital Trust 2002-HE1
	Mortgage Pass-Through Certificates
	Series 2002-HE1
	Realized Loss Report for May 28, 2002 Distribution


	Realized Loss Report - Collateral

	Group 1		Group 3
	Group 2		Group 4

CDR Avg since Cut-Off by Groups					Total CDR Avg since Cut-Off


SDA Avg since Cut-Off by Groups					Total SDA Avg since Cut-Off


COLLATERAL REALIZED LOSS CALCULATION METHODOLOGY
Monthly Default Rate (MDR): (Beg Principal Balance of Liquidated Loans)/(Total Beg Principal Balance)
Conditional Default Rate (CDR): 1-((1-MDR)^12)
SDA Standard Default Assumption: CDR/IF(WAS<61,MIN(30,WAS)0.02,MAX(0.03,MIN(30,WAS)0.02-0.0095*(WAS-60)))
Average MDR over period between nth month and mth month (AvgMDRn,m): [(1-MDRn) * (1-MDRn+1) .......(1-MDRm)]^(1/months in period n,m)
Average CDR over period between the nth month and mth month (AvgCDRn,m): 1-((1-AvgMDRn,m)^12)
Average SDA Approximation over period between the nth month and mth month:
AvgCDRn,m/IF(Avg WASn,m<61,MIN(30,Avg WASn,m)0.02,MAX(0.03,MIN(30,Avg WASn,m)0.02-0.0095*(Avg WASn,m-60)))
Average WASn,m: (WASn + WASn+1 +.......+ WASm )/(number of months in the period n,m)
Loss Severity Approximation for current period: sum(Realized Loss Amount)/sum(Beg Principal Balance of Liquidated Loans)
Average Loss Severity Approximation over period between nth month and mth month: Avg(Loss Severityn,m)
Note: Default rates are calculated since deal issue date and include realized gains and additional realized losses and gains from prior periods.
Dates correspond to distribution dates.

				Page 25 of 29				© COPYRIGHT 2002 Deutsche Bank


	CDC Mortgage Capital Trust 2002-HE1
	Mortgage Pass-Through Certificates
	Series 2002-HE1
	Realized Loss Detail Report for May 28, 2002 Distribution


	Realized Loss Detail Report - Loans Liquidated During Current Distribution


SUMMARY						LOAN GROUP

Total Loan Count = 0						Loan Group 1 = Group 1 Group
Total Original Principal Balance = 0.00						Loan Group 2 = Group 2 Group
Total Prior Principal Balance = 0.00						Loan Group 3 = Group 3 Group
Total Realized Loss Amount = 0.00						Loan Group 4 = Group 4 Group
Total Net Liquidation Proceeds = 0.00


Loan Number			Original	Prior		Current	State &
&		Loan	Principal	Principal	Realized	Note	LTV at	Original	Origination
Loan Group		Status	Balance	Balance	Loss/(Gain)	Rate	Origination	Term	Date
SPACE INTENTIONALLY LEFT BLANK


					Page 26 of 29				© COPYRIGHT 2002 Deutsche Bank
	CDC Mortgage Capital Trust 2002-HE1
	Mortgage Pass-Through Certificates
	Series 2002-HE1
	Triggers, Adj. Rate Cert. and Miscellaneous Report for May 28, 2002 Distribution


	Triggers, Adj. Rate Cert. and Miscellaneous Report


TRIGGER EVENTS				GROUP 4	GROUP 3	GROUP 2	GROUP 1	TOTAL

	Has a Stepdown Date occurred?							No

	Has the Optional Termination Date been reached?							No

	Does Trigger Event exist?							No
	A Trig event exists if a Delinq or Loss Trig Event exists

	Does a Delinquency Trigger Event exists?							No
	A Delinq Trigger Event exists if (a) >= (b)
	*(a) 3 mo avg of 60+ delnq loans / ending Stated Prin Bal*							0.00%
	(b) 67% of the Prior Period Sr. Enhancement Percentage							9.25%

	3 month average of 60+ delinquent loans							0.00
	Ending Stated Principal Balance							422,870,364.95
	Prior Period Sr. Enhancement Percentage							13.81%

	Does a Loss Triger Event Exist?							No


ADJUSTABLE RATE CERTIFICATE INFORMATION				GROUP 4	GROUP 3	GROUP 2	GROUP 1	TOTAL
SPACE INTENTIONALLY LEFT BLANK


ADDITIONAL INFORMATION				GROUP 4	GROUP 3	GROUP 2	GROUP 1	TOTAL

	Basis Risk Carry Forward Amount							0.00

	Class A Deficiency Amount							0.00

	Certificate Insurance Premium Due							37,436.50
	Certificate Insurance Premium Paid							(37,436.50)
	Unpaid Certificate Insurance Amount							0.00


				Page 27 of 29				© COPYRIGHT 2002 Deutsche Bank
	CDC Mortgage Capital Trust 2002-HE1
	Mortgage Pass-Through Certificates
	Series 2002-HE1
	Other Related Information for May 28, 2002 Distribution


	Other Related Information


ADDITIONAL INFORMATION				GROUP 4	GROUP 3	GROUP 2	GROUP 1	TOTAL

	Scheduled Payments on Outstanding Mortgage Loans
	Current Due Date							3,474,692.68
	Prior Due Date							0.00
	2nd Prior Due Date							0.00
	3rd Prior Due Date							0.00
	4th Prior Due Date							0.00
	5th Prior Due Date							0.00
	6th Prior Due Date							0.00
	7th Prior Due Date							0.00
	8th Prior Due Date							0.00
	9th Prior Due Date							0.00
	10th Prior Due Date							0.00
	11th Prior Due Date							0.00

	Scheduled Payments on 60+ Day Delinquent Loans
	Current Due Date							541.91
	Prior Due Date							0.00
	2nd Prior Due Date							0.00
	3rd Prior Due Date							0.00
	4th Prior Due Date							0.00
	5th Prior Due Date							0.00
	6th Prior Due Date							0.00
	7th Prior Due Date							0.00
	8th Prior Due Date							0.00
	9th Prior Due Date							0.00
	10th Prior Due Date							0.00
	11th Prior Due Date							0.00


				Page 28 of 29				© COPYRIGHT 2002 Deutsche Bank
	CDC Mortgage Capital Trust 2002-HE1
	Mortgage Pass-Through Certificates
	Series 2002-HE1
	Additional Certificate Report for May 28, 2002 Distribution


	Additional Certificate Report

SPACE INTENTIONALLY LEFT BLANK
	CLASS


				Page 29 of 29				© COPYRIGHT 2002 Deutsche Bank

CDC MORTGAGE CAPITAL TRUST 2002 HE1 8-K/A