
                           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):  June 20, 2003


                            GS Mortgage Securities Corp.,
                 (as depositor, Ocwen Federal Bank FSB, as Servicer,
                        NC Capital Corporation as Responsible Party,
                 and Deutsche Bank National Trust Company, as Trustee).


            (Exact name of Registrant as specified in its Charter)


                                       DELAWARE
                     (State or Other Jurisdiction of Incorporation)

               333-100818-09                         13-6357101
          (Commission File Number)        (I.R.S. Employer Identification No.)


               85 Broad Street
               New York, New York                        10004
          (Address of principal executive offices)     (Zip Code)


          Registrant's Telephone Number, Including Area Code:  (212) 902-1000


     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
     June 20, 2003.




                                     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 May 1,2003.


          Date:  Jul 02, 2003               By:  /s/ David Co
                                            David Co
                                            Vice President


                                   EXHIBIT INDEX

          DOCUMENT

          Monthly Remittance Statement to the Certificateholders
          dated as of June 20, 2003.


	GSAMP Trust 2003-HE1
	Mortgage Pass-Through Certificates


	June 20, 2003 Distribution


	Contents



			TABLE OF CONTENTS

								Page

			1.	Contents				1
			2.	Certificate Payment Report				2
			3.	Collection Account Report				4
			4.	Credit Enhancement Report				7
			5.	Collateral Report				8
			6.	Delinquency Report				11
			7.	REO Report				14
			8.	Foreclosure Report				15
			9.	Prepayment Report				16
			10.	Prepayment Detail Report				19
			11.	Realized Loss Report				20
			12.	Realized Loss Detail Report				23
			13.	Triggers, Adj. Rate Cert. and Miscellaneous Report				24
			14.	Other Related Information				25
			15.	Additional Certificate Report				26


				Total Number of Pages				26



			CONTACTS

				Administrator: Valerie Delgado
				Direct Phone Number: (714)247-6273
				Address: Deutsche Bank
				1761 E. St. Andrew Place, Santa Ana, CA 92705

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



ISSUANCE INFORMATION

	Seller:		Goldman Sachs Mortgage Securities					Cut-Off Date: May 1, 2003
	Certificate Insurer(s):							Closing Date: May 28, 2003
								First Payment Date: June 20, 2003
	Servicer(s):		Ocwen Federal Master Servicer


								Distribution Date: June 20, 2003
	Underwriter(s):		Goldman, Sachs & Co. Lead Underwriter					Record Date: June 19, 2003
			Banc One Capital Markets Underwriter






						Page 1 of 26					© COPYRIGHT 2003 Deutsche Bank
	GSAMP Trust 2003-HE1
	Mortgage Pass-Through Certificates
	UPPER TIER REMIC
	Certificate Payment Report for June 20, 2003 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-1	FLT,STEP	183,528,000.00			183,528,000.00	194,495.07	2,226,837.95	2,421,333.02	-	-	181,301,162.05
A-2A	FLT,STEP	125,852,000.00			125,852,000.00	119,703.61	1,314,881.96	1,434,585.57	-	-	124,537,118.04
A-2B	FLT,STEP	42,418,000.00			42,418,000.00	51,185.86	-	51,185.86	-	-	42,418,000.00
M-1	MEZ,FLT	25,407,000.00			25,407,000.00	34,879.05	-	34,879.05	-	-	25,407,000.00
M-2	MEZ,FLT	23,888,000.00			23,888,000.00	49,123.85	-	49,123.85	-	-	23,888,000.00
M-3		7,600,000.00			7,600,000.00	17,571.04	-	17,571.04	-	-	7,600,000.00
B-1		10,424,000.00			10,424,000.00	37,752.62	-	37,752.62	-	-	10,424,000.00
B-2		6,515,000.00			6,515,000.00	22,138.56	-	22,138.56	-	-	6,515,000.00
X		8,686,640.55			8,686,640.55	2,147,610.18	267.74	2,147,877.92	-	-	8,686,372.81
P		-			-	32,029.21	-	32,029.21	-	-	-
UT-R		-			-	-	-	-	-	-	-


Total		434,318,640.55			434,318,640.55	2,706,489.05	3,541,987.65	6,248,476.70	-	-	430,776,652.90


	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-1	05/28/03	06/19/03		A-Act/360	36228FSS6	183,528,000.00	1,000.000000	1.059757	12.133505	13.193262	987.866495
A-2A	05/28/03	06/19/03		A-Act/360	36228FST4	125,852,000.00	1,000.000000	0.951146	10.447843	11.398989	989.552157
A-2B	05/28/03	06/19/03		A-Act/360	36228FSZ0	42,418,000.00	1,000.000000	1.206701	-	1.206701	1,000.000000
M-1	05/28/03	06/19/03		A-Act/360	36228FSU1	25,407,000.00	1,000.000000	1.372813	-	1.372813	1,000.000000
M-2	05/28/03	06/19/03		A-Act/360	36228FSV9	23,888,000.00	1,000.000000	2.056424	-	2.056424	1,000.000000
M-3	05/28/03	06/19/03		A-Act/360	36228FSW7	7,600,000.00	1,000.000000	2.311979	-	2.311979	1,000.000000
B-1	05/28/03	06/19/03		A-Act/360	36228FSX5	10,424,000.00	1,000.000000	3.621702	-	3.621702	1,000.000000
B-2	05/28/03	06/19/03		A-Act/360	36228FSY3	6,515,000.00	1,000.000000	3.398091	-	3.398091	1,000.000000
X	05/28/03	06/19/03		A-Act/360	36228FTA4	8,686,640.55	1,000.000000	247.231386	0.030822	247.262208	999.969178
P	05/28/03	06/19/03		A-Act/360	36228FTB2	-	-	-	-	-	-
UT-R	05/28/03	06/19/03		A-Act/360	36228FTC0	-	-	-	-	-	-


							Page 2 of 26				© COPYRIGHT 2003 Deutsche Bank
	GSAMP Trust 2003-HE1
	Mortgage Pass-Through Certificates
	UPPER TIER REMIC
	Certificate Payment Report for June 20, 2003 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-1	183,528,000.00		194,495.07		2,059,473.96	167,363.99	2,226,837.95	2,421,333.02	-	-	181,301,162.05
A-2A	125,852,000.00		119,703.61		1,142,158.15	172,723.81	1,314,881.96	1,434,585.57	-	-	124,537,118.04
A-2B	42,418,000.00		51,185.86		-	-	-	51,185.86	-	-	42,418,000.00
M-1	25,407,000.00		34,879.05		-	-	-	34,879.05	-	-	25,407,000.00
M-2	23,888,000.00		49,123.85		-	-	-	49,123.85	-	-	23,888,000.00
M-3	7,600,000.00		17,571.04		-	-	-	17,571.04	-	-	7,600,000.00
B-1	10,424,000.00		37,752.62		-	-	-	37,752.62	-	-	10,424,000.00
B-2	6,515,000.00		22,138.56		-	-	-	22,138.56	-	-	6,515,000.00
X	8,686,640.55		2,147,610.18		267.74	0.00	267.74	2,147,877.92	-	-	8,686,372.81
P	-		32,029.21		-	-	-	32,029.21	-	-	-
UT-R	-		-		-	-	-	-	-	-	-


Total	434,318,640.55		2,706,489.05		3,201,899.85	340,087.80	3,541,987.65	6,248,476.70	-	-	430,776,652.90


	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-1	1.65875%	183,528,000.00			194,495.07	-	-	-	194,495.07	194,495.07	-
A-2A	1.48875%	125,852,000.00			119,703.61	-	-	-	119,703.61	119,703.61	-
A-2B	1.88875%	42,418,000.00			51,185.86	-	-	-	51,185.86	51,185.86	-
M-1	2.14875%	25,407,000.00			34,879.05	-	-	-	34,879.05	34,879.05	-
M-2	3.21875%	23,888,000.00			49,123.85	-	-	-	49,123.85	49,123.85	-
M-3	3.61875%	7,600,000.00			17,571.04	-	-	-	17,571.04	17,571.04	-
B-1	5.66875%	10,424,000.00			37,752.62	-	-	-	37,752.62	37,752.62	-
B-2	5.31875%	6,515,000.00			22,138.56	-	-	-	22,138.56	22,138.56	-
X		8,686,640.55			2,147,610.18	-	-	-	2,147,610.18	2,147,610.18	-
P		-			-	-	-	-	-	32,029.21	-
UT-R		-			-	-	-	-	-	-	-


Total		434,318,640.55			2,674,459.84	-	-	-	2,674,459.84	2,706,489.05	-


							Page 3 of 26				© COPYRIGHT 2003 Deutsche Bank
	GSAMP Trust 2003-HE1
	Mortgage Pass-Through Certificates
	2003- HE1
	Collection Account Report for June 20, 2003 Distribution


	Collection Account Report


SUMMARY						GROUP 2	GROUP 1	TOTAL

	Principal Collections							1,314,981.36
	Principal Withdrawls							0.00
	Principal Other Accounts							0.00
	TOTAL NET PRINCIPAL							1,314,981.36

	Interest Collections							1,269,227.05
	Interest Withdrawals							0.00
	Interest Fees							(11,451.67)
	Interest Other Accounts							0.00
	TOTAL NET INTEREST							1,257,775.38

	TOTAL AVAILABLE FUNDS FOR DISTRIBUTION							2,572,756.74


PRINCIPAL - COLLECTIONS						GROUP 2	GROUP 1	TOTAL

	Scheduled Principal Received							167,363.99
	Curtailments							13,086.34
	Prepayments in Full							1,127,388.23
	Repurchased Principal Amounts							0.00
	Liquidations							0.00
	Insurance Principal							0.00
	Other Principal							0.00
	Current Realized Loss of Principal
	Supplemental Realized Loss\Gain of Principal							0.00
	Subtitution Shortfall Principal							0.00
	Loan Adjustment Principal							0.00
	Delinquent Principal							(143,565.25)
	Advanced Principal							143,565.25

	TOTAL PRINCIPAL COLLECTED							1,314,981.36


				Page 4 of 26				© COPYRIGHT 2003 Deutsche Bank
	GSAMP Trust 2003-HE1
	Mortgage Pass-Through Certificates
	2003- HE1
	Collection Account Report for June 20, 2003 Distribution


	Collection Account Report


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


PRINCIPAL - OTHER ACCOUNTS						GROUP 2	GROUP 1	TOTAL
SPACE INTENTIONALLY LEFT BLANK


INTEREST - COLLECTIONS						GROUP 2	GROUP 1	TOTAL

	Scheduled Interest							1,345,026.14
	Repurchased Interest							0.00
	Liquidation Interest							0.00
	Insurance Interest							0.00
	Other Interest							0.00
	Prepayment Interest Shortfalls							(7,288.80)
	Realized Losses of Interest							0.00
	Compensating Interest							7,288.80
	Relief Act Interest Shortfalls							0.00
	Substitution Shortfall Interest							0.00
	Loan Adjustment Interest							0.00
	Delinquent Interest							(1,180,850.10)
	Interest Advanced							1,105,051.01

	TOTAL INTEREST COLLECTED							1,269,227.05


				Page 5 of 26				© COPYRIGHT 2003 Deutsche Bank
	GSAMP Trust 2003-HE1
	Mortgage Pass-Through Certificates
	2003- HE1
	Collection Account Report for June 20, 2003 Distribution


	Collection Account Report


INTEREST - WITHDRAWALS						GROUP 2	GROUP 1	TOTAL

	Trust Fund Expenses							0.00
	Non Recoverable Advances							0.00
	Reimbursements to Master Servicer							0.00

	TOTAL INTEREST WITHDRAWALS							0.00


INTEREST - OTHER ACCOUNTS						GROUP 2	GROUP 1	TOTAL

	Prepayment Charges							0.00
	Interest Cap Payments							0.00

	TOTAL INTEREST OTHER ACCOUNTS							0.00


INTEREST - FEES						GROUP 2	GROUP 1	TOTAL

	Current Servicing Fees							10,759.20
	Trustee Fee							692.47

	TOTAL INTEREST OTHER FEES							11,451.67


				Page 6 of 26				© COPYRIGHT 2003 Deutsche Bank
	GSAMP Trust 2003-HE1
	Mortgage Pass-Through Certificates
	2003- HE1
	Credit Enhancement Report for June 20, 2003 Distribution


	Credit Enhancement Report


ACCOUNTS						GROUP 2	GROUP 1	TOTAL

	Beginning Excess Reserve Fund Account Balance
	Basis Risk Carryover Deposit
	Interest Cap Payment Deposit
	Basis Risk Carryover Amount Paid
	Interest Cap Pmt Amount Released to Class X Interest
	Ending Excess Reserve Fund Account Balance


INSURANCE						GROUP 2	GROUP 1	TOTAL
SPACE INTENTIONALLY LEFT BLANK


STRUCTURAL FEATURES						GROUP 2	GROUP 1	TOTAL

	Overcollateralized Amount

	Specified Overcollateralized Amount


				Page 7 of 26				© COPYRIGHT 2003 Deutsche Bank
	GSAMP Trust 2003-HE1
	Mortgage Pass-Through Certificates
	2003- HE1
	Collateral Report for June 20, 2003 Distribution


	Collateral Report


COLLATERAL						GROUP 2	GROUP 1	TOTAL
	Loan Count:
	*Original*					1079	1532	2611
	Prior					-	-	-
	Prefunding					-	-	-
	Scheduled Paid Offs					-	-	-
	Full Voluntary Prepayments					(5)	(12)	(17)
	Repurchases					-	-	-
	Liquidations					-	-	-
	Current					1,074	1,520	2,594

	*Principal Balance:*
	Original					207,739,888.98	226,578,751.57	434,318,640.55
	Prior					-	-	-
	Prefunding					-	-	-
	Scheduled Principal					(172,723.81)	(167,363.99)	(340,087.80)
	Partial and Full Voluntary Prepayments					(1,142,257.55)	(2,059,642.30)	(3,201,899.85)
	Repurchases					-	-	-
	Liquidations					-	-	-
	Current					206,424,907.62	224,351,745.28	430,776,652.90

PREFUNDING						GROUP 2	GROUP 1	TOTAL
SPACE INTENTIONALLY LEFT BLANK


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


				Page 8 of 26				© COPYRIGHT 2003 Deutsche Bank
	GSAMP Trust 2003-HE1
	Mortgage Pass-Through Certificates
	2003- HE1
	Collateral Report for June 20, 2003 Distribution


	Collateral Report


CHARACTERISTICS						GROUP 2	GROUP 1	TOTAL

	Weighted Average Coupon Original					7.769482%	8.007004%	7.893395%
	Weighted Average Coupon Prior
	Weighted Average Coupon Current					7.769482%	8.007004%	7.893395%
	Weighted Average Months to Maturity Original					(269)	(711)	(499)
	Weighted Average Months to Maturity Prior					-	-	-
	Weighted Average Months to Maturity Current					(269)	(711)	(499)
	Weighted Avg Remaining Amortization Term Original					(784)	(830)	(808)
	Weighted Avg Remaining Amortization Term Prior					-	-	-
	Weighted Avg Remaining Amortization Term Current					(784)	(830)	(808)
	Weighted Average Seasoning Original					6.19	7.01	6.61
	Weighted Average Seasoning Prior					-	-	-
	Weighted Average Seasoning Current					6.19	7.01	6.61

Note: Original information refers to deal issue.


	Group 1
	Group 2
WAC by Groups					Total WAC


WARAT by Groups					Total WARAT


Note: Dates correspond to distribution dates.
				Page 9 of 26				© COPYRIGHT 2003 Deutsche Bank
	GSAMP Trust 2003-HE1
	Mortgage Pass-Through Certificates
	2003- HE1
	Collateral Report for June 20, 2003 Distribution


	Collateral Report


ARM CHARACTERISTICS						GROUP 2	GROUP 1	TOTAL

	Weighted Average Margin Original					2.054%	5.417%
	Weighted Average Margin Prior
	Weighted Average Margin Current					2.054%	5.417%
	Weighted Average Max Rate Original					9.872%	13.498%
	Weighted Average Max Rate Prior
	Weighted Average Max Rate Current					9.872%	13.498%
	Weighted Average Min Rate Original					7.769%	8.009%
	Weighted Average Min Rate Prior
	Weighted Average Min Rate Current					7.769%	8.009%
	Weighted Average Cap Up Original					0.387%	1.052%
	Weighted Average Cap Up Prior
	Weighted Average Cap Up Current					0.387%	1.052%
	Weighted Average Cap Down Original					0.387%	1.052%
	Weighted Average Cap Down Prior
	Weighted Average Cap Down Current					0.387%	1.052%

Note: Original information refers to deal issue.

SERVICING FEES / ADVANCES						GROUP 2	GROUP 1	TOTAL

	Current Servicing Fees							10,759.20
	Delinquent Servicing Fees							75,799.09
	TOTAL SERVICING FEES							86,558.29

	Prepayment Interest Shortfall							7,288.80
	Compensating Interest							(7,288.80)
	Delinquent Servicing Fees							(75,799.09)
	COLLECTED SERVICING FEES							10,759.20

	Aggregate Advances with respect to this Distribution							1,256,630.28
	Aggregate Outstanding Advances as reported by Servicer


ADDITIONAL COLLATERAL INFORMATION						GROUP 2	GROUP 1	TOTAL

	Prepayment Interest Shortfall
	Compensating Interest
	NET PREPAYMENT INTEREST SHORTFALL

	Net Monthly Excess Cash Flow
	Net Monthly Excess Cash Flow alloc to Realized Losses
	Net Monthly Excess Cash Flow alloc to Unpaid Interest

	Current LIBOR
	Next LIBOR
	TR1MLB
	TR6MLB


				Page 10 of 26				© COPYRIGHT 2003 Deutsche Bank
	GSAMP Trust 2003-HE1
	Mortgage Pass-Through Certificates
	2003- HE1
	Delinquency Report for June 20, 2003 Distribution


	Delinquency Report - Total


				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			5,942,078.09	1,442,573.63	-	7,384,651.72
		% Balance			1.38%	0.33%	0.00%	1.71%
		# Loans			44	10	-	54
		% # Loans			1.70%	0.39%	0.00%	2.08%
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		-	-	1,431,864.51	258,032.66	1,689,897.17
		% Balance		0.00%	0.00%	0.33%	0.06%	0.39%
		# Loans		-	-	12	1	13
		% # Loans		0.00%	0.00%	0.46%	0.04%	0.50%

TOTAL		Balance		-	5,942,078.09	2,874,438.14	258,032.66	9,074,548.89
		% Balance		0.00%	1.38%	0.67%	0.06%	2.11%
		# Loans		-	44	22	1	67
		% # Loans		0.00%	1.70%	0.85%	0.04%	2.58%
Note: <1 Payment = 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 11 of 26				© COPYRIGHT 2003 Deutsche Bank
	GSAMP Trust 2003-HE1
	Mortgage Pass-Through Certificates
	2003- HE1
	Delinquency Report for June 20, 2003 Distribution


	Delinquency Report - Group 1 Group


				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			4,441,661.00	883,281.01	-	5,324,942.01
		% Balance			1.98%	0.39%	0.00%	2.37%
		# Loans			35	8	-	43
		% # Loans			2.30%	0.53%	0.00%	2.83%
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		-	-	1,220,549.34	258,032.66	1,478,582.00
		% Balance		0.00%	0.00%	0.54%	0.12%	0.66%
		# Loans		-	-	8	1	9
		% # Loans		0.00%	0.00%	0.53%	0.07%	0.59%

TOTAL		Balance		-	4,441,661.00	2,103,830.35	258,032.66	6,803,524.01
		% Balance		0.00%	1.98%	0.94%	0.12%	3.03%
		# Loans		-	35	16	1	52
		% # Loans		0.00%	2.30%	1.05%	0.07%	3.42%
Note: <1 Payment = 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 12 of 26				© COPYRIGHT 2003 Deutsche Bank
	GSAMP Trust 2003-HE1
	Mortgage Pass-Through Certificates
	2003- HE1
	Delinquency Report for June 20, 2003 Distribution


	Delinquency Report - Group 2 Group


				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			1,500,417.09	559,292.62	-	2,059,709.71
		% Balance			0.73%	0.27%	0.00%	1.00%
		# Loans			9	2	-	11
		% # Loans			0.84%	0.19%	0.00%	1.02%
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		-	-	211,315.17	-	211,315.17
		% Balance		0.00%	0.00%	0.10%	0.00%	0.10%
		# Loans		-	-	4	-	4
		% # Loans		0.00%	0.00%	0.37%	0.00%	0.37%

TOTAL		Balance		-	1,500,417.09	770,607.79	-	2,271,024.88
		% Balance		0.00%	0.73%	0.37%	0.00%	1.10%
		# Loans		-	9	6	-	15
		% # Loans		0.00%	0.84%	0.56%	0.00%	1.40%
Note: <1 Payment = 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 26				© COPYRIGHT 2003 Deutsche Bank
	GSAMP Trust 2003-HE1
	Mortgage Pass-Through Certificates
	2003- HE1
	REO Report for June 20, 2003 Distribution


	REO Report - Mortgage Loans that Become REO During Current Distribution


SUMMARY				LOAN GROUP

Total Loan Count = 13				Loan Group 1 = Group 1 Group; REO Book Value = Not Available
Total Original Principal Balance = 1,700,398.00				Loan Group 2 = Group 2 Group; REO Book Value = Not Available
Total Current Balance = 1,689,897.17
REO Book Value = Not Available

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

698696 1		255,500.00	254,230.56	Mar-01-03	8.500%	CA - 77.42%	360	Sep-23-02
101133494 1		182,900.00	182,119.54	Mar-01-03	11.250%	AZ - 64.18%	360	May-28-02
101324812 1		45,000.00	44,783.40	Mar-01-03	9.250%	OR - 75.00%	360	Aug-05-02
101345981 1		161,500.00	160,592.18	Mar-01-03	8.490%	IL - 83.25%	360	Aug-14-02
101375715 1		279,200.00	277,087.45	Mar-01-03	6.990%	MN - 80.00%	360	Aug-26-02
101382935 1		101,978.00	101,502.32	Mar-01-03	9.400%	OR - 85.00%	360	Aug-28-02
101395028 1		95,920.00	95,433.00	Mar-01-03	8.990%	NE - 80.00%	360	Aug-30-02
101395184 1		260,000.00	258,032.66	Feb-01-03	6.990%	CA - 80.00%	360	Aug-30-02
101401073 1		105,600.00	104,800.89	Mar-01-03	6.990%	NV - 80.00%	360	Aug-30-02
703603 2		35,000.00	34,303.77	Mar-01-03	9.990%	MS - 49.30%	180	Sep-20-02
35984459 2		54,000.00	53,897.16	Mar-01-03	12.365%	OK - 75.00%	360	Oct-08-02
101109841 2		40,500.00	40,237.20	Mar-01-03	9.250%	GA - 68.64%	360	May-22-02
101401198 2		83,300.00	82,877.04	Mar-01-03	8.990%	WA - 85.00%	360	Aug-30-02


				Page 14 of 26				© COPYRIGHT 2003 Deutsche Bank
	GSAMP Trust 2003-HE1
	Mortgage Pass-Through Certificates
	2003- HE1
	Foreclosure Report for June 20, 2003 Distribution


	Foreclosure Report - Mortgage Loans that Become Foreclosure During Current Distribution


SUMMARY				LOAN GROUP

Total Loan Count = 0				Loan Group 1 = Group 1 Group
Total Original Principal Balance = 000.00				Loan Group 2 = Group 2 Group
Total Current Balance = 000.00


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 15 of 26				© COPYRIGHT 2003 Deutsche Bank
	GSAMP Trust 2003-HE1
	Mortgage Pass-Through Certificates
	2003- HE1
	Prepayment Report for June 20, 2003 Distribution


	Prepayment Report - Voluntary Prepayments


VOLUNTARY PREPAYMENTS						GROUP 2	GROUP 1	TOTAL

	*Current*
	Number of Paid in Full Loans					5	12	17
	Number of Repurchased Loans					-	-	-
	Total Number of Loans Prepaid in Full					5	12	17

	Paid in Full Balance					1,127,388.23	2,046,555.96	3,173,944.19
	Repurchased Loans Balance					-	-	-
	Curtailments Amount					14,869.32	13,086.34	27,955.66
	Total Prepayment Amount					1,142,257.55	2,059,642.30	3,201,899.85

	*Cumulative*
	Number of Paid in Full Loans					5	12	17
	Number of Repurchased Loans					-	-	-
	Total Number of Loans Prepaid in Full					5	12	17

	Paid in Full Balance					1,127,388.23	2,046,555.96	3,173,944.19
	Repurchased Loans Balance					-	-	-
	Curtailments Amount					14,869.32	13,086.34	27,955.66
	Total Prepayment Amount					1,142,257.55	2,059,642.30	3,201,899.85

SPACE INTENTIONALLY LEFT BLANK


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


				Page 16 of 26				© COPYRIGHT 2003 Deutsche Bank
	GSAMP Trust 2003-HE1
	Mortgage Pass-Through Certificates
	2003- HE1
	Prepayment Report for June 20, 2003 Distribution


	Prepayment Report - Voluntary Prepayments


VOLUNTARY PREPAYMENT RATES						GROUP 2	GROUP 1	TOTAL

	SMM					0.55%	0.91%	0.74%
	3 Months Avg SMM
	12 Months Avg SMM
	Avg SMM Since Cut-off					0.55%	0.91%	0.74%

	CPR					6.41%	10.39%	8.50%
	3 Months Avg CPR
	12 Months Avg CPR
	Avg CPR Since Cut-off					6.41%	10.39%	8.50%

	PSA					517.74%	741.16%	642.77%
	3 Months Avg PSA Approximation
	12 Months Avg PSA Approximation
	Avg PSA Since Cut-off Approximation					517.74%	741.16%	642.77%



	Group 1
	Group 2


CPR by Groups					Total CPR


PSA by Groups					Total PSA


				Page 17 of 26				© COPYRIGHT 2003 Deutsche Bank
	GSAMP Trust 2003-HE1
	Mortgage Pass-Through Certificates
	2003- HE1
	Prepayment Report for June 20, 2003 Distribution


	Prepayment Report - Voluntary Prepayments

	Group 1
	Group 2

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 18 of 26				© COPYRIGHT 2003 Deutsche Bank


	GSAMP Trust 2003-HE1
	Mortgage Pass-Through Certificates
	2003- HE1
	Prepayment Detail Report for June 20, 2003 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 = 3,192,501.00						Loan Group 2 = Group 2 Group
Total Prepayment Amount = 3,173,944.19


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

31994767 1			180,000.00	179,402.70	Jun-01-03	8.750%	CA - 90.00%	Paid Off - 360	Nov-27-02
35998558 1			193,500.00	192,947.24	Jun-01-03	9.750%	MI - 90.00%	Paid Off - 360	Oct-29-02
36009371 1			70,560.00	70,392.88	Jun-01-03	9.755%	IL - 90.00%	Paid Off - 360	Nov-01-02
36035038 1			288,000.00	287,208.48	Jun-01-03	9.880%	IL - 87.27%	Paid Off - 360	Nov-06-02
36042893 1			314,500.00	313,043.32	Jun-01-03	7.380%	KS - 85.00%	Paid Off - 360	Oct-30-02
101265114 1			243,000.00	241,636.94	Jun-01-03	8.500%	CA - 90.00%	Paid Off - 360	Jul-17-02
101312304 1			97,500.00	97,254.12	Jun-01-03	12.280%	RI - 65.00%	Paid Off - 360	Jul-31-02
101326007 1			267,000.00	265,171.32	Jun-01-03	7.500%	CA - 89.90%	Paid Off - 360	Aug-05-02
101338697 1			102,000.00	101,508.36	Jun-01-03	8.650%	ME - 78.46%	Paid Off - 360	Aug-12-02
101349041 1			85,000.00	84,429.97	Jun-01-03	6.990%	CA - 22.08%	Paid Off - 360	Aug-15-02
101351393 1			114,750.00	114,111.05	Jun-01-03	7.990%	CA - 85.00%	Paid Off - 360	Aug-16-02
101385532 1			100,000.00	99,449.58	Jun-01-03	7.990%	NV - 68.97%	Paid Off - 360	Aug-28-02
35996362 2			421,141.00	418,882.83	Jun-01-03	6.630%	CA - 73.24%	Paid Off - 360	Nov-06-02
101356319 2			166,250.00	165,541.60	Jun-01-03	9.250%	IL - 95.00%	Paid Off - 360	Aug-30-02
101366003 2			91,800.00	89,239.17	Jun-01-03	8.000%	NC - 90.00%	Paid Off - 180	Aug-22-02
101379808 2			75,000.00	73,223.54	Jun-01-03	7.990%	CA - 47.77%	Paid Off - 180	Aug-27-02
101400927 2			382,500.00	380,501.09	Jun-01-03	8.250%	IL - 85.00%	Paid Off - 360	Aug-30-02


					Page 19 of 26				© COPYRIGHT 2003 Deutsche Bank
	GSAMP Trust 2003-HE1
	Mortgage Pass-Through Certificates
	2003- HE1
	Realized Loss Report for June 20, 2003 Distribution


	Realized Loss Report - Collateral


COLLATERAL REALIZED LOSSES						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 Loss Amount may include adjustments to loans liquidated in prior periods.


	Supplemental Realized Losses (Recoveries)							0.00

	Cumulative Loss Percentage

	Applied Realized Loss Amount Current
	Applied Realized Loss Amount Aggregate


	Group 1						3 Months Moving Average
	Group 2

Collateral Loss Severity Approximation by Groups					Collateral Loss Severity Approximation


				Page 20 of 26				© COPYRIGHT 2003 Deutsche Bank
	GSAMP Trust 2003-HE1
	Mortgage Pass-Through Certificates
	2003- HE1
	Realized Loss Report for June 20, 2003 Distribution


	Realized Loss Report - Collateral


DEFAULT SPEEDS						GROUP 2	GROUP 1	TOTAL

	MDR					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%

	CDR					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%

	SDA					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%

	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 2
CDR by Groups					Total CDR


SDA by Groups					Total SDA


				Page 21 of 26				© COPYRIGHT 2003 Deutsche Bank
	GSAMP Trust 2003-HE1
	Mortgage Pass-Through Certificates
	2003- HE1
	Realized Loss Report for June 20, 2003 Distribution


	Realized Loss Report - Collateral

	Group 1
	Group 2

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 22 of 26				© COPYRIGHT 2003 Deutsche Bank


	GSAMP Trust 2003-HE1
	Mortgage Pass-Through Certificates
	2003- HE1
	Realized Loss Detail Report for June 20, 2003 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
Total Realized Loss Amount = 0.00
Total Net Liquidation Proceeds = 0.00
Note: Total Realized Loss Amount may include adjustments to loans liquidated in prior periods.

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 23 of 26				© COPYRIGHT 2003 Deutsche Bank
	GSAMP Trust 2003-HE1
	Mortgage Pass-Through Certificates
	2003- HE1
	Triggers, Adj. Rate Cert. and Miscellaneous Report for June 20, 2003 Distribution


	Triggers, Adj. Rate Cert. and Miscellaneous Report


TRIGGER EVENTS						GROUP 2	GROUP 1	TOTAL

	Has the Optional Termination Date been reached

	Has a Stepdown Date occurred?

	Does Trigger Event exist?

	A Trigger Event exists if either (i) or (ii) are true
	(i) the quotient of (1) divided by (2) > 45% of Sr. Enhance %
	(1) 60+ Day Rolling Delq loans
	(2) Stated Principal Balance
	60+ Day Delq % ( quotient of (1) over (2) )
	Senior Enhancement Percentage
	45% of Sr Enhancement Percentage
	(ii) the quotient of (x) divided by (y) > the applicable loss %
	(x) aggregate Realized Losses since Cutoff Date
	(y) Cutoff Date Pool Principal Balance
	Trigger Event Loss % (quotient of (x) over (y) )
	Applicable Loss Percentage



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


ADDITIONAL INFORMATION						GROUP 2	GROUP 1	TOTAL

	Scheduled Principal
	1 Month Prior
	2 Months Prior
	3 Months Prior
	4 Months Prior
	5 Months Prior
	6 Months Prior
	7 Months Prior
	8 Months Prior
	9 Months Prior
	10 Months Prior
	11 Months Prior
	12 Months Prior


				Page 24 of 26				© COPYRIGHT 2003 Deutsche Bank
	GSAMP Trust 2003-HE1
	Mortgage Pass-Through Certificates
	2003- HE1
	Other Related Information for June 20, 2003 Distribution


	Other Related Information


ADDITIONAL INFORMATION						GROUP 2	GROUP 1	TOTAL

	Scheduled Principal on 60+ Day Delinquent Loans
	1 Month Prior
	2 Months Prior
	3 Months Prior
	4 Months Prior
	5 Months Prior
	6 Months Prior
	7 Months Prior
	8 Months Prior
	9 Months Prior
	10 Months Prior
	11 Months Prior
	12 Months Prior


				Page 25 of 26				© COPYRIGHT 2003 Deutsche Bank
	GSAMP Trust 2003-HE1
	Mortgage Pass-Through Certificates
	2003- HE1
	Additional Certificate Report for June 20, 2003 Distribution


	Additional Certificate Report


	CLASS	Net PPIS & Relief Act Shortfall Allocation	Unpaid Interest Amount Due	Unpaid Interest Paid	Remaining Unpaid Interest Amount	Basis Risk Carryover Amount Due	Basis Risk Carryover Amount Paid	Remaining Basis Risk Carryover

	A-1	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	A-2A	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	A-2B	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	M-1	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	M-2	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	M-3	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	B-1	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	B-2	0.00	0.00	0.00	0.00	0.00	0.00	0.00


				Page 26 of 26				© COPYRIGHT 2003 Deutsche Bank

Filing Compare · GSAMP TRUST 2003-HE1