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): September 25, 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).

MORGAN STANLEY ABS CAPITAL I INC CAPITAL TRUST 2002-HE2

(Exact name of Registrant as specified in its Charter)

DELAWARE

(State or Other Jurisdiction of Incorporation)

333-65702-04 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

September 25, 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 July 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 September 25, 2002.


	CDC Mortgage Capital Trust 2002-HE2
	Mortgage Pass-Through Certificates


	September 25, 2002 Distribution


	Contents



			TABLE OF CONTENTS

								Page

			1.	Contents				1
			2.	Certificate Payment Report				2
			3.	Collection Account Report				8
			4.	Credit Enhancement Report				11
			5.	Collateral Report				12
			6.	Delinquency Report				15
			7.	REO Report				16
			8.	Prepayment Report				17
			9.	Prepayment Detail Report				20
			10.	Realized Loss Report				21
			11.	Realized Loss Detail Report				24
			12.	Triggers, Adj. Rate Cert. and Miscellaneous Report				25
			13.	Additional Certificate Report				26




				Total Number of Pages				26



			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.corporatetrust.db.com/invr
				Factor Information: (800) 735-7777
				Main Phone Number: (714) 247-6000



ISSUANCE INFORMATION

	Seller:		CDC Mortgage Capital					Cut-Off Date: July 1, 2002
	Certificate Insurer(s):		Financial Security Assurance Inc.					Closing Date: July 31, 2002
								First Payment Date: August 26, 2002
	Servicer(s):		Ocwen Federal Master Servicer


								Distribution Date: September 25, 2002
	Underwriter(s):		Morgan Stanley Dean Witter					Record Date: September 24, 2002
								August 30, 2002






						Page 1 of 26					© COPYRIGHT 2002 Deutsche Bank
	CDC Mortgage Capital Trust 2002-HE2
	Mortgage Pass-Through Certificates
	Lower Tier Series 2002-HE2
	Certificate Payment Report for September 25, 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		405,063,191.00			402,949,418.21	2,314,010.89	3,223,160.34	5,537,171.23	-	-	399,726,257.87
LT-R		-			-	-	-	-	-	-	-


Total		405,063,191.00			402,949,418.21	2,314,010.89	3,223,160.34	5,537,171.23	-	-	399,726,257.87


	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	08/26/02	09/24/02		A-Act/360		405,063,191.00	994.781622	5.712716	7.957179	13.669895	986.824443
LT-R	08/26/02	09/24/02		A-		-	-	-	-	-	-


							Page 2 of 26				© COPYRIGHT 2002 Deutsche Bank
	CDC Mortgage Capital Trust 2002-HE2
	Mortgage Pass-Through Certificates
	Lower Tier Series 2002-HE2
	Certificate Payment Report for September 25, 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	405,063,191.00		4,848,778.82		4,875,162.36	461,770.77	5,336,933.13	10,185,711.95	-	-	399,726,257.87
LT-R	-		-		-	-	-	-	-	-	-


Total	405,063,191.00		4,848,778.82		4,875,162.36	461,770.77	5,336,933.13	10,185,711.95	-	-	399,726,257.87


	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	6.89122%	402,949,418.21			2,314,010.89	-	-	-	2,314,010.89	2,314,010.89	-
LT-R		-			-	-	-	-	-	-	-


Total		402,949,418.21			2,314,010.89	-	-	-	2,314,010.89	2,314,010.89	-


							Page 3 of 26				© COPYRIGHT 2002 Deutsche Bank
	CDC Mortgage Capital Trust 2002-HE2
	Mortgage Pass-Through Certificates
	Upper Tier Series 2002-HE2
	Certificate Payment Report for September 25, 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)

MT-A		164,050,500.00			162,993,613.61	371,835.61	1,611,580.17	1,983,415.78	-	-	161,382,033.44
MT-M-1		13,671,000.00			13,671,000.00	31,187.51	-	31,187.51	-	-	13,671,000.00
MT-M-2		10,633,000.00			10,633,000.00	24,256.95	-	24,256.95	-	-	10,633,000.00
MT-B-1		8,405,000.00			8,405,000.00	19,174.24	-	19,174.24	-	-	8,405,000.00
MT-B-2		3,240,500.00			3,240,500.00	7,392.52	-	7,392.52	-	-	3,240,500.00
MT-ACCRUAL		205,063,191.00			204,006,304.60	465,397.43	1,611,580.17	2,076,977.60	-	-	202,394,724.43
MT-A-IO		-			-	1,762,903.70	-	1,762,903.70	-	-	-
MT-R		-			-	-	-	-	-	-	-


Total		405,063,191.00			402,949,418.21	2,682,147.96	3,223,160.34	5,905,308.30	-	-	399,726,257.87


	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)

MT-A	08/26/02	09/24/02		A-Act/360		164,050,500.00	993.557555	2.266592	9.823683	12.090276	983.733871
MT-M-1	08/26/02	09/24/02		A-Act/360		13,671,000.00	1,000.000000	2.281290	-	2.281290	1,000.000000
MT-M-2	08/26/02	09/24/02		A-Act/360		10,633,000.00	1,000.000000	2.281289	-	2.281289	1,000.000000
MT-B-1	08/26/02	09/24/02		A-Act/360		8,405,000.00	1,000.000000	2.281290	-	2.281290	1,000.000000
MT-B-2	08/26/02	09/24/02		A-Act/360		3,240,500.00	1,000.000000	2.281290	-	2.281290	1,000.000000
MT-ACCRUAL	08/26/02	09/24/02		A-Act/360		205,063,191.00	994.846045	2.269532	7.858944	10.128476	986.987101
MT-A-IO	08/26/02	09/24/02		F-30/360		405,063,191.00	994.781622	4.352170	-	4.352170	986.824443
MT-R	08/26/02	09/24/02		A-		-	-	-	-	-	-


							Page 4 of 26				© COPYRIGHT 2002 Deutsche Bank
	CDC Mortgage Capital Trust 2002-HE2
	Mortgage Pass-Through Certificates
	Upper Tier Series 2002-HE2
	Certificate Payment Report for September 25, 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)

MT-A	164,050,500.00		695,564.50		2,437,581.18	230,885.38	2,668,466.56	3,364,031.06	-	-	161,382,033.44
MT-M-1	13,671,000.00		58,165.16		-	-	-	58,165.16	-	-	13,671,000.00
MT-M-2	10,633,000.00		45,239.57		-	-	-	45,239.57	-	-	10,633,000.00
MT-B-1	8,405,000.00		35,760.24		-	-	-	35,760.24	-	-	8,405,000.00
MT-B-2	3,240,500.00		13,787.16		-	-	-	13,787.16	-	-	3,240,500.00
MT-ACCRUAL	205,063,191.00		870,059.31		2,437,581.18	230,885.39	2,668,466.57	3,538,525.88	-	-	202,394,724.43
MT-A-IO	-		3,535,055.16		-	-	-	3,535,055.16	-	-	-
MT-R	-		-		-	-	-	-	-	-	-


Total	405,063,191.00		5,253,631.10		4,875,162.36	461,770.77	5,336,933.13	10,590,564.23	-	-	399,726,257.87


	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)

MT-A	2.73755%	162,993,613.61			371,835.61	-	-	-	371,835.61	371,835.61	-
MT-M-1	2.73755%	13,671,000.00			31,187.51	-	-	-	31,187.51	31,187.51	-
MT-M-2	2.73755%	10,633,000.00			24,256.95	-	-	-	24,256.95	24,256.95	-
MT-B-1	2.73755%	8,405,000.00			19,174.24	-	-	-	19,174.24	19,174.24	-
MT-B-2	2.73755%	3,240,500.00			7,392.52	-	-	-	7,392.52	7,392.52	-
MT-ACCRUAL	2.73755%	204,006,304.60			465,397.43	-	-	-	465,397.43	465,397.43	-
MT-A-IO	5.25000%	402,949,418.21			1,762,903.70	-	-	-	1,762,903.70	1,762,903.70	-
MT-R		-			-	-	-	-	-	-	-


Total		805,898,836.42			2,682,147.96	-	-	-	2,682,147.96	2,682,147.96	-


							Page 5 of 26				© COPYRIGHT 2002 Deutsche Bank
	CDC Mortgage Capital Trust 2002-HE2
	Mortgage Pass-Through Certificates
	Middle Tier Series 2002-HE2
	Certificate Payment Report for September 25, 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	328,101,000.00			325,987,227.21	570,477.65	3,223,160.34	3,793,637.99	-	-	322,764,066.87
A-IO	IO, NTL	-			-	347,989.69	-	347,989.69	-	-	-
M-1	MEZ, FLT, S	27,342,000.00			27,342,000.00	57,190.35	-	57,190.35	-	-	27,342,000.00
M-2	MEZ, FLT, S	21,266,000.00			21,266,000.00	58,658.72	-	58,658.72	-	-	21,266,000.00
B-1	SUB, FLT, S	16,810,000.00			16,810,000.00	53,371.75	-	53,371.75	-	-	16,810,000.00
B-2	SUB, FLT, S	6,481,000.00			6,481,000.00	24,087.72	-	24,087.72	-	-	6,481,000.00
X	SUB	5,063,191.00			5,063,291.00	1,554,073.39	-	1,554,073.39	-	-	5,063,291.00
P	SUB, EXE	100.00			-	55,170.41	-	55,170.41	-	-	-
UT-R	R	-			-	-	-	-	-	-	-


Total		405,063,291.00			402,949,518.21	2,721,019.68	3,223,160.34	5,944,180.02	-	-	399,726,357.87


	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	08/26/02	09/24/02		A-Act/360	12506YAK5	328,101,000.00	993.557555	1.738726	9.823683	11.562409	983.733871
A-IO	08/26/02	09/24/02		F-30/360	12506YAQ2	81,012,700.00	981.827541	4.295496	-	4.295496	963.121832
M-1	08/26/02	09/24/02		A-Act/360	12506YAL3	27,342,000.00	1,000.000000	2.091667	-	2.091667	1,000.000000
M-2	08/26/02	09/24/02		A-Act/360	12506YAM1	21,266,000.00	1,000.000000	2.758333	-	2.758333	1,000.000000
B-1	08/26/02	09/24/02		A-Act/360	12506YAN9	16,810,000.00	1,000.000000	3.175000	-	3.175000	1,000.000000
B-2	08/26/02	09/24/02		A-Act/360	12506YAP4	6,481,000.00	1,000.000000	3.716667	-	3.716667	1,000.000000
X	08/26/02	09/24/02		A-Act/360		410,126,382.00	994.846289	3.789255	-	3.789255	986.987345
P	08/26/02	09/24/02		A-		100.00	-	551,704.100000	-	551,704.100000	-
UT-R	08/26/02	09/24/02		A-		-	-	-	-	-	-


							Page 6 of 26				© COPYRIGHT 2002 Deutsche Bank
	CDC Mortgage Capital Trust 2002-HE2
	Mortgage Pass-Through Certificates
	Middle Tier Series 2002-HE2
	Certificate Payment Report for September 25, 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	328,101,000.00		1,068,097.50		4,875,162.36	461,770.77	5,336,933.13	6,405,030.63	-	-	322,764,066.87
A-IO	-		702,420.25		-	-	-	702,420.25	-	-	-
M-1	27,342,000.00		106,755.32		-	-	-	106,755.32	-	-	27,342,000.00
M-2	21,266,000.00		109,496.27		-	-	-	109,496.27	-	-	21,266,000.00
B-1	16,810,000.00		99,627.27		-	-	-	99,627.27	-	-	16,810,000.00
B-2	6,481,000.00		44,963.74		-	-	-	44,963.74	-	-	6,481,000.00
X	5,063,191.00		3,089,467.00		-	-	-	3,089,467.00	-	100.00	5,063,291.00
P	100.00		73,356.46		-	100.00	100.00	73,456.46	-	-	-
UT-R	-		-		-	-	-	-	-	-	-


Total	405,063,291.00		5,294,183.81		4,875,162.36	461,870.77	5,337,033.13	10,631,216.94	-	100.00	399,726,357.87


	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	2.10000%	325,987,227.21			570,477.65	-	-	-	570,477.65	570,477.65	-
A-IO	5.25000%	79,540,500.00			347,989.69	-	-	-	347,989.69	347,989.69	-
M-1	2.51000%	27,342,000.00			57,190.35	-	-	-	57,190.35	57,190.35	-
M-2	3.31000%	21,266,000.00			58,658.72	-	-	-	58,658.72	58,658.72	-
B-1	3.81000%	16,810,000.00			53,371.75	-	-	-	53,371.75	53,371.75	-
B-2	4.46000%	6,481,000.00			24,087.72	-	-	-	24,087.72	24,087.72	-
X	4.71929%	408,012,709.21			1,554,073.39	-	-	-	1,554,073.39	1,554,073.39	-
P		-			55,170.41	-	-	-	55,170.41	55,170.41	-
UT-R		-			-	-	-	-	-	-	-


Total		885,439,436.42			2,721,019.68	-	-	-	2,721,019.68	2,721,019.68	-


							Page 7 of 26				© COPYRIGHT 2002 Deutsche Bank
	CDC Mortgage Capital Trust 2002-HE2
	Mortgage Pass-Through Certificates
	Series 2002-HE2
	Collection Account Report for September 25, 2002 Distribution


	Collection Account Report


SUMMARY								TOTAL

	Principal Collections							3,223,160.34
	Principal Other Accounts							0.00
	TOTAL NET PRINCIPAL							3,223,160.34

	Interest Collections							2,710,648.96
	Interest Withdrawals							0.00
	Interest Fees							(44,799.69)
	Interest Other Accounts							55,170.41
	TOTAL NET INTEREST							2,721,019.68

	TOTAL AVAILABLE FUNDS FOR DISTRIBUTION							5,944,180.02


PRINCIPAL - COLLECTIONS								TOTAL

	Scheduled Principal Received							237,711.69
	Curtailments							55,509.14
	Prepayments in Full							2,929,939.51
	Repurchases/Substitutions							0.00
	Liquidations							0.00
	Insurance							0.00
	Other Principal							0.00
	Delinquent Principal							(197,011.00)
	Total Realized Losses of Principal							0.00
	Substitution Shortfall Principal							0.00
	Advanced Principal							197,011.00

	TOTAL PRINCIPAL COLLECTED							3,223,160.34


				Page 8 of 26				© COPYRIGHT 2002 Deutsche Bank
	CDC Mortgage Capital Trust 2002-HE2
	Mortgage Pass-Through Certificates
	Series 2002-HE2
	Collection Account Report for September 25, 2002 Distribution


	Collection Account Report


PRINCIPAL - WITHDRAWALS								TOTAL
SPACE INTENTIONALLY LEFT BLANK


PRINCIPAL - OTHER ACCOUNTS								TOTAL

	Pre-Funding Principal Release to Distribution Account							0.00

	TOTAL OTHER PRINCIPAL COLLECTED							0.00


INTEREST - COLLECTIONS								TOTAL

	Scheduled Interest							2,843,538.77
	Repurchases/Substitutoins Interest							0.00
	Liquidation Interest							0.00
	Insurance Interest							0.00
	Other Interest							0.00
	Prepayment Interest Shortfalls							(9,714.29)
	Delinquent Interest							(2,388,547.18)
	Realized Losses Interest							0.00
	Compensating Interest							9,714.29
	Substitution Shortfall Interest							0.00
	Interest Advanced							2,255,657.37

	TOTAL INTEREST COLLECTED							2,710,648.96


				Page 9 of 26				© COPYRIGHT 2002 Deutsche Bank
	CDC Mortgage Capital Trust 2002-HE2
	Mortgage Pass-Through Certificates
	Series 2002-HE2
	Collection Account Report for September 25, 2002 Distribution


	Collection Account Report


INTEREST - WITHDRAWALS								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								TOTAL

	Prepayment Charges							55,170.41
	Capitalized Interest Requirement							0.00
	Pre-Funding Account Interest Earnings							0.00
	Loan Adjustments							0.00

	TOTAL INTEREST OTHER ACCOUNTS							55,170.41


INTEREST - FEES								TOTAL

	Current Servicing Fees							26,149.35
	Lender Paid PMI							0.00
	Trustee Fee							2,350.98
	Certificate Insurance Fee							16,299.36

	TOTAL INTEREST OTHER FEES							44,799.69


				Page 10 of 26				© COPYRIGHT 2002 Deutsche Bank
	CDC Mortgage Capital Trust 2002-HE2
	Mortgage Pass-Through Certificates
	Series 2002-HE2
	Credit Enhancement Report for September 25, 2002 Distribution


	Credit Enhancement Report


ACCOUNTS								TOTAL

	Excess Reserve Fund Account							0.00


INSURANCE								TOTAL
SPACE INTENTIONALLY LEFT BLANK


STRUCTURAL FEATURES								TOTAL

	Subordinated Amount							5,063,291.26

	Specified Subordinated Amount							5,063,291.26

	Senior Enhancement Percentage							19.25%


				Page 11 of 26				© COPYRIGHT 2002 Deutsche Bank
	CDC Mortgage Capital Trust 2002-HE2
	Mortgage Pass-Through Certificates
	Series 2002-HE2
	Collateral Report for September 25, 2002 Distribution


	Collateral Report


COLLATERAL								TOTAL
	Loan Count:
	*Original*							2495
	Prior							2,482
	Prefunding							136
	Scheduled Paid Offs							-
	Full Voluntary Prepayments							(17)
	Repurchases							-
	Liquidations							-
	Current							2,601

	*Principal Balance:*
	Original							365,629,980.26
	Prior							363,516,207.47
	Prefunding							18,177,775.90
	Scheduled Principal							(237,711.69)
	Partial and Full Voluntary Prepayments							(2,985,448.65)
	Repurchases							-
	Liquidations							-
	Current							378,470,823.03

PREFUNDING								TOTAL

	Original Pre-Funding Amount							39,433,311.00

	Pre-Funding Amount Beginning Balance							39,433,311.00
	Withdrawal for Subsequent Transfers							18,177,775.90
	Pre-Funding Amount Released as Principal							0.00
	Pre-Funding Amount Ending Balance							21,255,535.10

	Capitalized Interest Account							177,692.00




Current Prin Balance by Groups (in millions of dollars)					Total Current Principal Balance (in millions of dollars)


				Page 12 of 26				© COPYRIGHT 2002 Deutsche Bank
	CDC Mortgage Capital Trust 2002-HE2
	Mortgage Pass-Through Certificates
	Series 2002-HE2
	Collateral Report for September 25, 2002 Distribution


	Collateral Report


CHARACTERISTICS								TOTAL

	Weighted Average Coupon Original							8.946826%
	Weighted Average Coupon Prior							8.946826%
	Weighted Average Coupon Current							8.939744%
	Weighted Average Months to Maturity Original							346
	Weighted Average Months to Maturity Prior							346
	Weighted Average Months to Maturity Current							345
	Weighted Avg Remaining Amortization Term Original							353
	Weighted Avg Remaining Amortization Term Prior							353
	Weighted Avg Remaining Amortization Term Current							352
	Weighted Average Seasoning Original							3.65
	Weighted Average Seasoning Prior							3.65
	Weighted Average Seasoning Current							4.58

Note: Original information refers to deal issue.




WAC by Groups					Total WAC


WARAT by Groups					Total WARAT


Note: Dates correspond to distribution dates.
				Page 13 of 26				© COPYRIGHT 2002 Deutsche Bank
	CDC Mortgage Capital Trust 2002-HE2
	Mortgage Pass-Through Certificates
	Series 2002-HE2
	Collateral Report for September 25, 2002 Distribution


	Collateral Report


ARM CHARACTERISTICS								TOTAL

	Weighted Average Margin Original							4.913%
	Weighted Average Margin Prior							4.913%
	Weighted Average Margin Current							4.903%
	Weighted Average Max Rate Original							11.991%
	Weighted Average Max Rate Prior							11.991%
	Weighted Average Max Rate Current							11.948%
	Weighted Average Min Rate Original							6.938%
	Weighted Average Min Rate Prior							6.938%
	Weighted Average Min Rate Current							6.916%
	Weighted Average Cap Up Original							0.779%
	Weighted Average Cap Up Prior							0.779%
	Weighted Average Cap Up Current							0.778%
	Weighted Average Cap Down Original							0.779%
	Weighted Average Cap Down Prior							0.779%
	Weighted Average Cap Down Current							0.778%

Note: Original information refers to deal issue.

SERVICING FEES / ADVANCES								TOTAL

	Current Servicing Fees							26,149.35
	Delinquent Servicing Fees							132,889.81
	TOTAL SERVICING FEES							159,039.16


	Prepayment Interest Shortfall							9,714.29
	Compensating Interest							(9,714.29)
	Delinquent Servicing Fees							(132,889.81)
	COLLECTED SERVICING FEES							26,149.35


	Aggregate Advances with respect to this Distribution							2,452,668.37

	Current Nonrecoverable Advances							0.00
	Cumulative Nonrecoverable Advances							0.00


ADDITIONAL COLLATERAL INFORMATION								TOTAL

	Net Prepayment Interest Shortfall							0.00

	Total Monthly Excess Spread							1,554,073.39

	Ending Pool Stated Principal Balance + Pre-Funding							399,726,358.13


				Page 14 of 26				© COPYRIGHT 2002 Deutsche Bank
	CDC Mortgage Capital Trust 2002-HE2
	Mortgage Pass-Through Certificates
	Series 2002-HE2
	Delinquency Report for September 25, 2002 Distribution


	Delinquency Report - Total


				CURRENT	1 PAYMENT	2 PAYMTS	3+ PAYMTS	TOTAL
DELINQUENT		Balance			5,207,813.49	986,138.39	-	6,193,951.88
		% Balance			1.38%	0.26%	0.00%	1.64%
		# Loans			32	10	-	42
		% # Loans			1.23%	0.38%	0.00%	1.61%
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		97,356.11	-	-	-	97,356.11
		% Balance		0.03%	0.00%	0.00%	0.00%	0.03%
		# Loans		1	-	-	-	1
		% # Loans		0.04%	0.00%	0.00%	0.00%	0.04%
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		97,356.11	5,207,813.49	986,138.39	-	6,291,307.99
		% Balance		0.03%	1.38%	0.26%	0.00%	1.66%
		# Loans		1	32	10	-	43
		% # Loans		0.04%	1.23%	0.38%	0.00%	1.65%
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 26				© COPYRIGHT 2002 Deutsche Bank
	CDC Mortgage Capital Trust 2002-HE2
	Mortgage Pass-Through Certificates
	Series 2002-HE2
	REO Report for September 25, 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
Total Current Balance = 000.00
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 16 of 26				© COPYRIGHT 2002 Deutsche Bank
	CDC Mortgage Capital Trust 2002-HE2
	Mortgage Pass-Through Certificates
	Series 2002-HE2
	Prepayment Report for September 25, 2002 Distribution


	Prepayment Report - Voluntary Prepayments


VOLUNTARY PREPAYMENTS								TOTAL

	*Current*
	Number of Paid in Full Loans							17
	Number of Repurchased Loans							-
	Total Number of Loans Prepaid in Full							17

	Paid in Full Balance							2,929,939.51
	Repurchased Loans Balance							-
	Curtailments Amount							55,509.14
	Total Prepayment Amount							2,985,448.65

	*Cumulative*
	Number of Paid in Full Loans							30
	Number of Repurchased Loans							-
	Total Number of Loans Prepaid in Full							30

	Paid in Full Balance							4,746,349.04
	Repurchased Loans Balance							-
	Curtailments Amount							128,813.32
	Total Prepayment Amount							4,875,162.36

SPACE INTENTIONALLY LEFT BLANK


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


				Page 17 of 26				© COPYRIGHT 2002 Deutsche Bank
	CDC Mortgage Capital Trust 2002-HE2
	Mortgage Pass-Through Certificates
	Series 2002-HE2
	Prepayment Report for September 25, 2002 Distribution


	Prepayment Report - Voluntary Prepayments


VOLUNTARY PREPAYMENT RATES								TOTAL

	SMM							0.78%
	3 Months Avg SMM
	12 Months Avg SMM
	Avg SMM Since Cut-off							0.65%

	CPR							9.00%
	3 Months Avg CPR
	12 Months Avg CPR
	Avg CPR Since Cut-off							7.53%

	PSA							982.61%
	3 Months Avg PSA Approximation
	12 Months Avg PSA Approximation
	Avg PSA Since Cut-off Approximation							914.54%







CPR by Groups					Total CPR


PSA by Groups					Total PSA


				Page 18 of 26				© COPYRIGHT 2002 Deutsche Bank
	CDC Mortgage Capital Trust 2002-HE2
	Mortgage Pass-Through Certificates
	Series 2002-HE2
	Prepayment Report for September 25, 2002 Distribution


	Prepayment Report - Voluntary Prepayments




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 19 of 26				© COPYRIGHT 2002 Deutsche Bank


	CDC Mortgage Capital Trust 2002-HE2
	Mortgage Pass-Through Certificates
	Series 2002-HE2
	Prepayment Detail Report for September 25, 2002 Distribution


	Prepayment Detail Report - Loans Prepaid in Full During Current Distribution


SUMMARY						LOAN GROUP

Total Loan Count = 17						Loan Group 1 = Group 1 Group
Total Original Principal Balance = 2,936,950.00
Total Prepayment Amount = 2,929,939.51


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

31005424 1			317,000.00	315,661.34	Aug-07-02	8.625%	MI - 84.99%	Paid Off - 360	Dec-20-01
31168974 1			59,500.00	59,368.22	Aug-22-02	8.990%	WV - 89.47%	Paid Off - 360	Feb-28-02
31174261 1			351,200.00	350,260.98	Aug-30-02	9.175%	HI - 68.86%	Paid Off - 360	Feb-28-02
31176522 1			216,000.00	215,365.90	Aug-29-02	8.740%	CA - 80.00%	Paid Off - 360	Feb-28-02
31260722 1			378,000.00	377,322.67	Aug-09-02	10.000%	CA - 90.00%	Paid Off - 360	Mar-18-02
31261399 1			123,750.00	123,490.36	Aug-20-02	9.250%	FL - 75.00%	Paid Off - 360	Mar-21-02
31261431 1			92,000.00	91,781.46	Aug-12-02	9.000%	IL - 80.00%	Paid Off - 360	Mar-13-02
31263080 1			233,000.00	232,300.40	Aug-20-02	7.490%	CA - 84.73%	Paid Off - 360	Mar-28-02
31263726 1			60,700.00	60,603.23	Aug-20-02	11.600%	MO - 47.42%	Paid Off - 360	Feb-14-02
31267016 1			117,650.00	117,500.71	Aug-15-02	11.600%	MN - 65.00%	Paid Off - 360	Mar-19-02
31267396 1			90,000.00	89,737.91	Aug-26-02	7.990%	CA - 75.00%	Paid Off - 360	Mar-21-02
31269558 1			140,600.00	140,137.99	Aug-26-02	7.740%	CA - 95.00%	Paid Off - 360	Mar-22-02
31284631 1			150,000.00	149,721.44	Aug-12-02	11.000%	GA - 75.00%	Paid Off - 360	Feb-21-02
31320153 1			208,000.00	207,740.53	Aug-21-02	8.375%	CA - 83.87%	Paid Off - 360	May-09-02
31322712 1			176,000.00	175,724.15	Aug-27-02	9.250%	FL - 80.00%	Paid Off - 360	Apr-22-02
31428659 1			138,750.00	138,650.60	Aug-21-02	11.000%	CA - 75.00%	Paid Off - 360	May-23-02
31452311 1			84,800.00	84,571.62	Aug-23-02	9.130%	NY - 80.00%	Paid Off - 360	Feb-26-02


					Page 20 of 26				© COPYRIGHT 2002 Deutsche Bank
	CDC Mortgage Capital Trust 2002-HE2
	Mortgage Pass-Through Certificates
	Series 2002-HE2
	Realized Loss Report for September 25, 2002 Distribution


	Realized Loss Report - Collateral


COLLATERAL REALIZED LOSSES								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%


							3 Months Moving Average


Collateral Loss Severity Approximation by Groups					Collateral Loss Severity Approximation


				Page 21 of 26				© COPYRIGHT 2002 Deutsche Bank
	CDC Mortgage Capital Trust 2002-HE2
	Mortgage Pass-Through Certificates
	Series 2002-HE2
	Realized Loss Report for September 25, 2002 Distribution


	Realized Loss Report - Collateral


DEFAULT SPEEDS								TOTAL

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

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

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



CDR by Groups					Total CDR


SDA by Groups					Total SDA


				Page 22 of 26				© COPYRIGHT 2002 Deutsche Bank
	CDC Mortgage Capital Trust 2002-HE2
	Mortgage Pass-Through Certificates
	Series 2002-HE2
	Realized Loss Report for September 25, 2002 Distribution


	Realized Loss Report - Collateral




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 23 of 26				© COPYRIGHT 2002 Deutsche Bank


	CDC Mortgage Capital Trust 2002-HE2
	Mortgage Pass-Through Certificates
	Series 2002-HE2
	Realized Loss Detail Report for September 25, 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
Total Prior Principal Balance = 0.00
Total Realized Loss Amount = 0.00
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 24 of 26				© COPYRIGHT 2002 Deutsche Bank
	CDC Mortgage Capital Trust 2002-HE2
	Mortgage Pass-Through Certificates
	Series 2002-HE2
	Triggers, Adj. Rate Cert. and Miscellaneous Report for September 25, 2002 Distribution


	Triggers, Adj. Rate Cert. and Miscellaneous Report


TRIGGER EVENTS								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?							9.00
	A Delinq Trigger Event exists if (a) >= (b)
	*(a) 3 mo avg of 60+ delnq loans / ending Stated Prin Bal*							1.64%
	(b) 67% of the Prior Period Sr. Enhancement Percentage							7.26%

	3 month average of 60+ delinquent loans							6,196,822.68
	Ending Stated Principal Balance							378,470,823.03
	Prior Period Sr. Enhancement Percentage							19.10%

	Does a Loss Triger Event Exist?							No


ADJUSTABLE RATE CERTIFICATE INFORMATION								TOTAL
SPACE INTENTIONALLY LEFT BLANK


ADDITIONAL INFORMATION								TOTAL

	Basis Risk Carry Forward Amount							0.00

	Class A Deficiency Amount							0.00

	Certificate Insurance Premium Due							16,299.36
	Certificate Insurance Premium Paid							(16,299.36)
	Unpaid Certificate Insurance Amount							0.00

	Interest Rate Cap Payment							0.00


				Page 25 of 26				© COPYRIGHT 2002 Deutsche Bank
	CDC Mortgage Capital Trust 2002-HE2
	Mortgage Pass-Through Certificates
	Series 2002-HE2
	Additional Certificate Report for September 25, 2002 Distribution


	Additional Certificate Report

SPACE INTENTIONALLY LEFT BLANK
	CLASS


				Page 26 of 26				© COPYRIGHT 2002 Deutsche Bank

MORGAN STANLEY ABS CAPITAL I INC CAPITAL TRUST 2002-HE2 8-K/A