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): ~~May~~June 2725, 2003 MORGAN STANLEY DEAN WITTER CAPITAL I INC. (as Depositor, The Provident Bank as Servicer, NC Capital Corporation, as Responsible Party and Deutsche Bank National Trust Company, as Trustee). MORGAN STANLEY DEAN WITTER CAPITAL I INC SERIES 2003 NC2 (Exact name of Registrant as specified in its Charter) DELAWARE (State or Other Jurisdiction of Incorporation) 333-83986-15 13-3291626 (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) 761-4700 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~~June 2725, 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 February 1,2003. Date: ~~Jun~~Jul 0402, 2003 By: /s/ David Co David Co Vice President EXHIBIT INDEX DOCUMENT Monthly Remittance Statement to the Certificateholders dated as of ~~May~~June 2725, 2003.

	Morgan Stanley Dean Witter Capital I Inc. 2003-NC2
	Mortgage Pass-Through Certificates
	May 27, 2003 Distribution
	June 25, 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				21
			12.	Realized Loss Detail Report				24
			13.	Triggers, Adj. Rate Cert. and Miscellaneous Report				25
				Total Number of Pages				25
			CONTACTS
				Administrator: Jeremy Conyers
				Direct Phone Number: (714)247-6274
				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:		Morgan Stanley					Cut-Off Date: February 1, 2003
	Certificate Insurer(s):		Financial Security Assurance Inc.					Closing Date: February 26, 2003
								First Payment Date: March 25, 2003
	Servicer(s):		Provident Bank Master Servicer
								Distribution Date: May 27, 2003
								Distribution Date: June 25, 2003
	Underwriter(s):		Utendahl Capital Partners, L.P. Lead Underwriter					Record Date: ~~May~~June 2324, 2003
			Blaylock & Partners, L.P. Underwriter					~~April~~May 30, 2003
			Utendahl Capital Partners, L.P. Underwriter
						Page 1 of 25					© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. 2003-NC2
	Mortgage Pass-Through Certificates
	REMIC II Series 2003-NC2
	Certificate Payment Report for May 27, 2003 Distribution
	Certificate Payment Report for June 25, 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	545,640,000.00			~~537~~529,~~637~~619,~~127~~481.4668	~~888~~793,~~893~~546.3852	810,~~017~~025,~~645~~669.7821	810,~~906~~819,~~539~~215.1673	-	-	~~529~~519,~~619~~593,~~481~~812.6847
A-2	FLT, STEP	185,000,000.00			~~181~~178,~~711~~943,~~809~~551.9935	~~271~~242,~~356~~170.3027	2,~~768~~641,~~258~~387.6414	32,~~039~~883,~~614~~557.9441	-	-	~~178~~176,~~943~~302,~~551~~164.3520
A-3	FLT, STEP	146,333,000.00			~~143~~141,~~732~~542,~~077~~414.2559	~~223~~199,~~583~~535.2349	2,~~189~~089,~~662~~308.6668	2,~~413~~288,~~245~~844.8917	-	-	~~141~~139,~~542~~453,~~414~~105.5992
M-1	MEZ, FLT	70,375,000.00			70,375,000.00	~~138~~125,~~873~~853.3396	-	~~138~~125,~~873~~853.3396	-	-	70,375,000.00
M-2	MEZ, FLT	56,840,000.00			56,840,000.00	~~167~~152,~~741~~015.1642	-	~~167~~152,~~741~~015.1642	-	-	56,840,000.00
M-3	MEZ, FLT	18,947,000.00			18,947,000.00	5852,~~440~~962.9713	-	5852,~~440~~962.9713	-	-	18,947,000.00
B-1	SUB, FLT	25,985,000.00			25,985,000.00	~~117~~106,~~105~~127.7307	-	~~117~~106,~~105~~127.7307	-	-	25,985,000.00
B-2	SUB, FLT	14,075,000.00			14,075,000.00	6357,~~431~~484.3365	-	6357,~~431~~484.3365	-	-	14,075,000.00
X	EXE	19,488,538.00			19,488,303.4140	4,~~479~~599,~~034~~239.2839	~~0.01~~-	4,~~479~~599,~~034~~239.2939	-	-	19,488,303.40
P	SUB	-			-	~~164~~236,~~685~~767.9682	-	~~164~~236,~~685~~767.9682	-	-	-
UT-R	R	-			-	-	-	-	-	-	-
Total		1,082,683,538.00			1,~~068~~055,~~791~~815,~~318~~751.1102	6,~~573~~565,~~145~~702.6772	1214,~~975~~756,~~567~~365.0903	1921,~~548~~322,~~712~~067.7675	-	-	1,~~055~~041,~~815~~059,~~751~~385.0299
	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	0405/2527/03	0506/2624/03		A-Act/360	61746WB41	545,640,000.00	~~985~~970.~~333054~~639032	1.~~629084~~454341	1418.~~694021~~374146	1619.~~323105~~828487	~~970~~952.~~639032~~264886
A-2	0405/2527/03	0506/2624/03		A-Act/360	61746WA67	185,000,000.00	~~982~~967.~~226000~~262440	1.~~466791~~309028	14.~~963560~~277768	1615.~~430351~~586797	~~967~~952.~~262440~~984671
A-3	0405/2527/03	0506/2624/03		A-Act/360	61746WB66	146,333,000.00	~~982~~967.~~226000~~262440	1.~~527907~~363571	14.~~963560~~277768	1615.~~491467~~641340	~~967~~952.~~262440~~984671
M-1	0405/2527/03	0506/2624/03		A-Act/360	61746WA75	70,375,000.00	1,000.000000	1.~~973333~~788333	-	1.~~973333~~788333	1,000.000000
M-2	0405/2527/03	0506/2624/03		A-Act/360	61746WA83	56,840,000.00	1,000.000000	2.~~951111~~674444	-	2.~~951111~~674444	1,000.000000
M-3	0405/2527/03	0506/2624/03		A-Act/360	61746WA91	18,947,000.00	1,000.000000	32.~~084445~~795278	-	32.~~084445~~795278	1,000.000000
B-1	0405/2527/03	0506/2624/03		A-Act/360	61746WB25	25,985,000.00	1,000.000000	4.~~506667~~084167	-	4.~~506667~~084167	1,000.000000
B-2	0405/2527/03	0506/2624/03		A-Act/360	61746WB33	14,075,000.00	1,000.000000	4.~~506666~~084167	-	4.~~506666~~084167	1,000.000000
X	0405/2527/03	0506/2624/03		A-Act/360		1,102,172,076.28	~~987~~975.~~395385~~622661	4.~~063825~~172887	~~0.000000~~-	4.~~063825~~172887	~~975~~962.~~622661~~234221
P				-		-	-	-	-	-	-
UT-R				-		-	-	-	-	-	-
							Page 2 of 25				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. 2003-NC2
	Mortgage Pass-Through Certificates
	REMIC II Series 2003-NC2
	Certificate Payment Report for May 27, 2003 Distribution
	Certificate Payment Report for June 25, 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	545,640,000.00		23,~~519~~312,~~403~~950.6517		1424,~~560~~024,~~202~~157.0825	12,~~460~~022,~~316~~030.2428	1626,~~020~~046,~~518~~187.3253	1829,~~539~~359,~~921~~137.9770	-	-	~~529~~519,~~619~~593,~~481~~812.6847
A-2	185,000,000.00		~~770~~1,~~020~~012,190.1239		57,~~470~~964,~~642~~038.0363	~~585~~733,~~806~~797.6216	68,~~056~~697,~~448~~835.6580	69,~~826~~710,~~468~~026.7719	-	-	~~178~~176,~~943~~302,~~551~~164.3520
A-3	146,333,000.00		~~634~~833,~~459~~995.7019		46,~~327~~299,~~218~~468.7146	~~463~~580,~~366~~425.7062	46,~~790~~879,~~585~~894.4108	57,~~425~~713,~~045~~889.1127	-	-	~~141~~139,~~542~~453,~~414~~105.5992
M-1	70,375,000.00		~~390~~516,~~529~~383.9389		-0.00	-	-	~~390~~516,~~529~~383.9389	-	-	70,375,000.00
M-2	56,840,000.00		~~471~~623,~~730~~745.5698		-	-	-	~~471~~623,~~730~~745.5698	-	-	56,840,000.00
M-3	18,947,000.00		~~164~~217,~~351~~313.4154		-	-	-	~~164~~217,~~351~~313.4154	-	-	18,947,000.00
B-1	25,985,000.00		~~329~~435,~~340~~467.9299		-	-	-	~~329~~435,~~340~~467.9299	-	-	25,985,000.00
B-2	14,075,000.00		~~178~~235,~~390~~875.3601		-	-	-	~~178~~235,~~390~~875.3601	-	-	14,075,000.00
X	19,488,538.00		1318,~~906~~505,~~166~~406.9736		195.29	39.31	234.60	1318,~~906~~505,~~401~~640.5796	-	-	19,488,303.40
P	-		~~331~~568,~~362~~130.7052		-	-	-	~~331~~568,~~362~~130.7052	-	-	-
UT-R	-		-		-	-	-	-	-	-	-
Total	1,082,683,538.00		1926,~~695~~261,~~756~~459.3204		2438,~~358~~287,~~258~~859.1163	23,~~509~~336,~~528~~292.8738	2641,~~867~~624,~~786~~152.9801	4667,~~563~~885,~~543~~611.3005	-	-	1,~~055~~041,~~815~~059,~~751~~385.0299
	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	1.86000%	~~537~~529,~~637~~619,~~127~~481.4668			~~888~~793,~~893~~546.3852	-	-	-	~~888~~793,~~893~~546.3852	~~888~~793,~~893~~546.3852	-
A-2	1.68000%	~~181~~178,~~711~~943,~~809~~551.9935			~~271~~242,~~356~~170.3027	-	-	-	~~271~~242,~~356~~170.3027	~~271~~242,~~356~~170.3027	-
A-3	1.75000%	~~143~~141,~~732~~542,~~077~~414.2559			~~223~~199,~~583~~535.2349	-	-	-	~~223~~199,~~583~~535.2349	~~223~~199,~~583~~535.2349	-
M-1	2.22000%	70,375,000.00			~~138~~125,~~873~~853.3396	-	-	-	~~138~~125,~~873~~853.3396	~~138~~125,~~873~~853.3396	-
M-2	3.32000%	56,840,000.00			~~167~~152,~~741~~015.1642	-	-	-	~~167~~152,~~741~~015.1642	~~167~~152,~~741~~015.1642	-
M-3	3.47000%	18,947,000.00			5852,~~440~~962.9713	-	-	-	5852,~~440~~962.9713	5852,~~440~~962.9713	-
B-1	5.07000%	25,985,000.00			~~117~~106,~~105~~127.7307	-	-	-	~~117~~106,~~105~~127.7307	~~117~~106,~~105~~127.7307	-
B-2	5.07000%	14,075,000.00			6357,~~431~~484.3365	-	-	-	6357,~~431~~484.3365	6357,~~431~~484.3365	-
X	45.~~71459~~40757%	1,~~088~~075,~~279~~304,~~621~~054.5443			4,~~479~~599,~~034~~239.2839	-	-	-	4,~~479~~599,~~034~~239.2839	4,~~479~~599,~~034~~239.2839	-
P		-			~~164~~236,~~685~~767.9682	-	-	-	~~164~~236,~~685~~767.9682	~~164~~236,~~685~~767.9682	-
UT-R		-			-	-	-	-	-	-	-
Total		2,~~137~~111,~~582~~631,~~636~~502.2405			6,~~573~~565,~~145~~702.6772	-	-	-	6,~~573~~565,~~145~~702.6772	6,~~573~~565,~~145~~702.6772	-
							Page 3 of 25				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. 2003-NC2
	Mortgage Pass-Through Certificates
	Collection Account Report for May 27, 2003 Distribution
	Collection Account Report for June 25, 2003 Distribution
	Collection Account Report
SUMMARY						GROUP 2	GROUP 1	TOTAL
	Principal Collections					4,~~957~~730,~~921~~695.3082	810,~~017~~025,~~645~~669.7921	1214,~~975~~756,~~567~~365.0903
	Principal Other Accounts					0.00	0.00	0.00
	TOTAL NET PRINCIPAL					4,~~957~~730,~~921~~695.3082	810,~~017~~025,~~645~~669.7921	1214,~~975~~756,~~567~~365.0903
	Interest Collections					2,~~513~~473,~~543~~262.6919	3,~~979~~917,~~233~~954.3343	6,~~492~~391,~~777~~216.0262
	Interest Withdrawals					0.00	0.00	0.00
	Interest Other Accounts					0.00	0.00	0.00
	Interest Fees					(3831,~~968~~071.3527)	(4531,~~348~~210.9645)	(8462,~~317~~281.3172)
	TOTAL NET INTEREST					2,~~474~~442,~~575~~190.3492	3,~~933~~886,~~884~~743.3798	6,~~408~~328,~~459~~934.7190
	TOTAL PRINCIPAL & INTEREST DISTRIBUTABLE					7,~~432~~172,~~496~~886.6474	1113,~~951~~912,~~530~~413.1619	1921,~~384~~085,~~026~~299.8093
	Prepayment Penalties Collected							~~164~~236,~~685~~767.9682
	TOTAL AVAILABLE FUNDS FOR DISTRIBUTION							1921,~~548~~322,~~712~~067.7675
PRINCIPAL - COLLECTIONS						GROUP 2	GROUP 1	TOTAL
	Scheduled Principal Received					318,~~972~~228.7179	~~511~~508,~~237~~534.9372	~~830~~826,~~210~~763.6451
	Prepayments In Full					4,~~609~~363,~~910~~573.9278	79,~~444~~321,~~675~~725.2352	1213,~~054~~685,~~586~~299.1530
	Curtailments					2948,~~037~~893.6725	61195,~~732~~408.6397	90244,~~770~~302.3022
	Liquidations					0.00	0.00	0.00
	Insurance Principal					0.00	0.00	0.00
	Repurchased Principal Amounts					0.00	0.00	0.00
	Other Principal					0.00	0.00	0.00
	Total Realized Loss Of Principal					0.00	0.00	0.00
	Delinquent Principal					(~~268~~282,~~401~~068.7472)	(~~434~~459,~~851~~058.5401)	(~~703~~741,~~253~~126.2873)
	Advanced Principal					~~268~~282,~~401~~068.7472	~~434~~459,~~851~~058.5401	~~703~~741,~~253~~126.2873
	TOTAL PRINCIPAL COLLECTED					4,~~957~~730,~~921~~695.3082	810,~~017~~025,~~645~~669.7921	1214,~~975~~756,~~567~~365.0903
				Page 4 of 25				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. 2003-NC2
	Mortgage Pass-Through Certificates
	Collection Account Report for May 27, 2003 Distribution
	Collection Account Report for June 25, 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					2,~~654~~620,~~672~~041.1078	4,~~213~~163,~~725~~214.1602	6,~~868~~783,~~397~~255.2680
	Liquidation Interest					0.00	0.00	0.00
	Repurchased Interest					0.00	0.00	0.00
	Insurance Interest					0.00	0.00	0.00
	Other Interest					0.00	0.00	0.00
	Relief Act Interest Shortfalls					0.00	0.00	0.00
	Net Prepayment Interest Shortfalls					0.00	0.00	0.00
	Delinquent Interest					(2,~~234~~318,~~461~~413.0381)	(3,~~576~~731,~~236~~638.3371)	(56,~~810~~050,~~697~~052.3652)
	Interest Advanced					2,~~093~~171,~~332~~634.6222	3,~~341~~486,~~744~~379.5012	5,~~435~~658,~~077~~013.1234
	TOTAL INTEREST COLLECTED					2,~~513~~473,~~543~~262.6919	3,~~979~~917,~~233~~954.3343	6,~~492~~391,~~777~~216.0262
				Page 5 of 25				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. 2003-NC2
	Mortgage Pass-Through Certificates
	Collection Account Report for May 27, 2003 Distribution
	Collection Account Report for June 25, 2003 Distribution
	Collection Account Report
INTEREST - WITHDRAWALS						GROUP 2	GROUP 1	TOTAL
	Trust Fund Expenses							0.00
	Nonrecoverable Advances							0.00
	Reimbursements to Master Servicer							0.00
	TOTAL INTEREST WITHDRAWALS							0.00
INTEREST - OTHER ACCOUNTS						GROUP 2	GROUP 1	TOTAL
	TOTAL INTEREST OTHER ACCOUNTS					0.00	0.00	0.00
INTEREST - FEES						GROUP 2	GROUP 1	TOTAL
	Current Servicing Fees					2619,~~856~~139.6263	4228,~~852~~744.8641	6947,~~709~~884.4804
	Class A-2 Certificate Insurance Premium					10,~~599~~438.8637		10,~~599~~438.8637
	Trustee Fees					1,~~511~~493.8727	2,~~496~~466.1004	43,~~007~~959.9731
	TOTAL INTEREST OTHER FEES					3831,~~968~~071.3527	4531,~~348~~210.9645	8462,~~317~~281.3172
				Page 6 of 25				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. 2003-NC2
	Mortgage Pass-Through Certificates
	Credit Enhancement Report for May 27, 2003 Distribution
	Credit Enhancement Report for June 25, 2003 Distribution
	Credit Enhancement Report
ACCOUNTS						GROUP 2	GROUP 1	TOTAL
	Excess Reserve Fund Balance (Ending)							0.00
INSURANCE						GROUP 2	GROUP 1	TOTAL
SPACE INTENTIONALLY LEFT BLANK
STRUCTURAL FEATURES						GROUP 2	GROUP 1	TOTAL
	Beginning Subordinated Amount							19,488,303.7069
	Ending Subordinated Amount							19,488,303.69
	Specified Subordinated Amount							19,488,303.69
	Senior Enhancement Percentage							19.4876%
				Page 7 of 25				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. 2003-NC2
	Mortgage Pass-Through Certificates
	Collateral Report for May 27, 2003 Distribution
	Collateral Report for June 25, 2003 Distribution
	Collateral Report
COLLATERAL						GROUP 2	GROUP 1	TOTAL
	Loan Count:
	Original					2260	4383	6643
	Prior					2,~~241~~224	4,~~346~~306	6,~~587~~530
	Prefunding					-	-	-
	Scheduled Paid Offs					-	-	-
	Full Voluntary Prepayments					(1724)	(4054)	(5778)
	Repurchases					-	-	-
	Liquidations					-	-	-
	Current					2,~~224~~200	4,~~306~~252	6,~~530~~452
	Principal Balance:
	Original					409,051,965.91	673,628,798.21	1,082,680,764.12
	Prior					~~403~~398,~~164~~206,~~060~~139.4616	~~665~~657,~~627~~609,~~257~~612.9315	1,~~068~~055,~~791~~815,~~318~~751.3931
	Prefunding					-	~~0.01~~-	~~0.01~~-
	Scheduled Principal					(318,~~972~~228.7179)	(~~511~~508,~~237~~534.9372)	(~~830~~826,~~210~~763.6451)
	Partial and Full Voluntary Prepayments					(4,~~638~~412,~~948~~467.5903)	(79,~~506~~517,~~407~~134.8649)	(1213,~~145~~929,~~356~~601.4552)
	Repurchases					-	-	-
	Liquidations					-	-	-
	Current					~~398~~393,~~206~~475,~~139~~443.1634	~~657~~647,~~609~~583,~~612~~942.1594	1,~~055~~041,~~815~~059,~~751~~386.3128
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 25				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. 2003-NC2
	Mortgage Pass-Through Certificates
	Collateral Report for May 27, 2003 Distribution
	Collateral Report for June 25, 2003 Distribution
	Collateral Report
CHARACTERISTICS						GROUP 2	GROUP 1	TOTAL
	Weighted Average Coupon Original					7.897319%	7.600449%	7.712610%
	Weighted Average Coupon Prior					7.~~901517~~901514%	7.~~599897~~596549%	7.~~713711~~711587%
	Weighted Average Coupon Current					7.~~901514~~895534%	7.~~596549~~596995%	7.~~711587~~709590%
	Weighted Average Months to Maturity Original					344	354	350
	Weighted Average Months to Maturity Prior					~~343~~341	~~353~~352	~~349~~348
	Weighted Average Months to Maturity Current					~~341~~340	~~352~~351	~~348~~347
	Weighted Avg Remaining Amortization Term Original					343	353	349
	Weighted Avg Remaining Amortization Term Prior					~~342~~341	~~352~~351	~~348~~347
	Weighted Avg Remaining Amortization Term Current					~~341~~340	~~351~~350	~~347~~346
	Weighted Average Seasoning Original					3.40	3.34	3.36
	Weighted Average Seasoning Prior					45.4039	45.34	45.36
	Weighted Average Seasoning Current					56.39	56.34	56.36
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 25				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. 2003-NC2
	Mortgage Pass-Through Certificates
	Collateral Report for May 27, 2003 Distribution
	Collateral Report for June 25, 2003 Distribution
	Collateral Report
ARM CHARACTERISTICS						GROUP 2	GROUP 1	TOTAL
	Weighted Average Margin Original					3.419%	5.495%
	Weighted Average Margin Prior					3.~~410~~392%	5.~~494~~490%
	Weighted Average Margin Current					3.~~392~~380%	5.~~490~~487%
	Weighted Average Max Rate Original					8.155%	12.463%
	Weighted Average Max Rate Prior					8.~~123~~086%	12.~~460~~449%
	Weighted Average Max Rate Current					8.~~086~~054%	12.~~449~~435%
	Weighted Average Min Rate Original					4.222%	6.471%
	Weighted Average Min Rate Prior					4.~~210~~190%	6.~~469~~462%
	Weighted Average Min Rate Current					4.~~190~~170%	6.~~462~~457%
	Weighted Average Cap Up Original					0.884%	1.299%
	Weighted Average Cap Up Prior					0.~~879~~876%	1.~~299~~298%
	Weighted Average Cap Up Current					0.~~876~~873%	1.~~298~~296%
	Weighted Average Cap Down Original					0.884%	1.299%
	Weighted Average Cap Down Prior					0.~~879~~876%	1.~~299~~298%
	Weighted Average Cap Down Current					0.~~876~~873%	1.~~298~~296%
Note: Original information refers to deal issue.
SERVICING FEES / ADVANCES						GROUP 2	GROUP 1	TOTAL
	Current Servicing Fees					2619,~~856~~139.6263	4228,~~852~~744.8641	6947,~~709~~884.4804
	Delinquent Servicing Fees					~~141~~146,~~128~~779.4159	~~234~~245,~~491~~259.8359	~~375~~392,~~620~~039.2418
	TOTAL SERVICING FEES					~~167~~165,~~985~~919.0322	~~277~~274,~~344~~004.6900	~~445~~439,~~329~~923.7222
	Prepayment Interest Shortfall					1613,~~048~~973.4437	1725,~~542~~795.1339	3339,~~590~~768.5776
	Compensating Interest					(1613,~~048~~973.4437)	(1725,~~542~~795.1339)	(3339,~~590~~768.5776)
	Delinquent Servicing Fees					(~~141~~146,~~128~~779.4159)	(~~234~~245,~~491~~259.8359)	(~~375~~392,~~620~~039.2418)
	COLLECTED SERVICING FEES					2619,~~856~~139.6263	4228,~~852~~744.8641	6947,~~709~~884.4804
	Aggregate Advances with respect to this Distribution					2,~~361~~453,~~734~~702.3694	3,~~776~~945,~~596~~437.0413	6,~~138~~399,~~330~~140.4007
	Current Nonrecoverable Advances					0.00	0.00	0.00
	Cumulative Nonrecoverable Advances					0.00	0.00	0.00
ADDITIONAL COLLATERAL INFORMATION						GROUP 2	GROUP 1	TOTAL
	Net Prepayment Interest Shortfall							0.00
	Net Monthly Excess Cash Flow							4,~~479~~599,~~034~~239.2839
	Ending Pool Stated Principal Balance					~~398~~393,~~206~~475,~~139~~443.1634	~~657~~647,~~609~~583,~~612~~942.1594	1,~~055~~041,~~815~~059,~~751~~386.3128
				Page 10 of 25				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. 2003-NC2
	Mortgage Pass-Through Certificates
	Delinquency Report for May 27, 2003 Distribution
	Delinquency Report for June 25, 2003 Distribution
	Delinquency Report - Total
				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			1113,~~434~~570,~~269~~084.8707	35,~~736~~172,~~525~~788.3987	21,~~277~~134,~~025~~155.0784	1719,~~447~~877,~~820~~028.3378
		% Balance			1.0830%	0.3550%	0.2211%	1.6591%
		# Loans			6990	2928	1812	~~116~~130
		% # Loans			1.0639%	0.4443%	0.2819%	12.7801%
FORECLOSURE		Balance		-101,294.14	-96,383.38	-47,224.49	~~127~~4,~~115~~532,377.3882	~~127~~4,~~115~~777,279.3883
		% Balance		0.0001%	0.0001%	0.00%	0.0144%	0.0146%
		# Loans		-1	-1	-1	131	134
		% # Loans		0.0002%	0.0002%	0.0002%	0.0248%	0.0253%
BANKRUPTCY		Balance		~~467~~1,~~815~~853,506.7340	-271,276.32	~~239,535.49~~-	~~167~~299,~~782~~220.9094	~~875~~2,~~134~~424,003.1266
		% Balance		0.0418%	0.0003%	0.0200%	0.0203%	0.0823%
		# Loans		413	-2	2-	13	718
		% # Loans		0.0620%	0.0003%	0.0300%	0.0205%	0.1128%
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		~~467~~1,~~815~~954,800.7354	1113,~~434~~937,~~269~~743.8777	35,~~976~~220,~~060~~013.8836	25,~~571~~965,~~923~~754.3560	1827,~~450~~078,~~069~~312.8327
		% Balance		0.0419%	1.0834%	0.3850%	0.2457%	12.7560%
		# Loans		414	6993	3129	2046	~~124~~182
		% # Loans		0.0622%	1.0644%	0.4745%	0.3171%	12.9082%
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 25				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. 2003-NC2
	Mortgage Pass-Through Certificates
	Delinquency Report for May 27, 2003 Distribution
	Delinquency Report for June 25, 2003 Distribution
	Delinquency Report - Group 1 Group
				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			47,~~602~~517,~~706~~312.2826	1,~~841~~878,~~554~~134.4579	1928,~~452,820~~318.3916	710,~~897~~323,~~081~~765.1221
		% Balance			01.7016%	0.2829%	0.2214%	1.2059%
		# Loans			3552	1312	128	6072
		% # Loans			01.8122%	0.3028%	0.2819%	1.3969%
FORECLOSURE		Balance		-	-96,383.38	-	~~127~~2,~~115~~209,936.3888	~~127~~2,~~115~~306,320.3826
		% Balance		0.00%	0.0001%	0.00%	0.0234%	0.0236%
		# Loans		-	-1	-	116	117
		% # Loans		0.00%	0.0002%	0.00%	0.0238%	0.0240%
BANKRUPTCY		Balance		~~467~~1,~~815~~051,897.7307	-271,276.32	~~152,929.01~~-	~~167~~212,~~782~~681.9049	~~788~~1,~~527~~535,854.6488
		% Balance		0.0716%	0.0004%	0.0200%	0.03%	0.1224%
		# Loans		48	-2	1-	12	612
		% # Loans		0.0919%	0.0005%	0.0200%	0.0205%	0.1428%
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		~~467~~1,~~815~~051,897.7307	47,~~602~~884,~~706~~971.2896	1,~~994~~878,~~483~~134.4679	13,~~747~~350,~~718~~936.6753	814,~~812~~165,~~724~~940.1435
		% Balance		0.0716%	01.7022%	0.3029%	0.2752%	12.3419%
		# Loans		48	3555	1412	1426	67101
		% # Loans		0.0919%	01.8129%	0.3328%	0.3361%	12.5638%
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 25				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. 2003-NC2
	Mortgage Pass-Through Certificates
	Delinquency Report for May 27, 2003 Distribution
	Delinquency Report for June 25, 2003 Distribution
	Delinquency Report - Group 2 Group
				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			6,~~831~~052,~~563~~771.5981	13,~~894~~294,~~970~~654.9408	~~824~~205,~~204~~837.68	9,~~550~~553,~~739~~263.2157
		% Balance			1.7254%	0.4884%	0.2105%	2.4043%
		# Loans			3438	16	64	5658
		% # Loans			1.5373%	0.7273%	0.2718%	2.5264%
FORECLOSURE		Balance		-101,294.14	-	-47,224.49	-2,322,440.94	-2,470,959.57
		% Balance		0.0003%	0.00%	0.0001%	0.0059%	0.0063%
		# Loans		-1	-	-1	-15	-17
		% # Loans		0.0005%	0.00%	0.0005%	0.0068%	0.0077%
BANKRUPTCY		Balance		-801,609.33	-	~~86,606.48~~-	-86,539.45	86888,~~606~~148.4878
		% Balance		0.0020%	0.00%	0.0200%	0.0002%	0.0223%
		# Loans		-5	-	1-	-1	16
		% # Loans		0.0023%	0.00%	0.0400%	0.0005%	0.0427%
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		-902,903.47	6,~~831~~052,~~563~~771.5981	13,~~981~~341,~~577~~878.4257	~~824~~2,~~204~~614,818.6807	912,~~637~~912,~~345~~371.6992
		% Balance		0.0023%	1.7254%	0.5085%	0.2166%	23.4228%
		# Loans		-6	3438	17	620	5781
		% # Loans		0.0027%	1.5373%	0.7677%	0.2791%	23.5668%
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 25				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. 2003-NC2
	Mortgage Pass-Through Certificates
	REO Report for May 27, 2003 Distribution
	REO Report for June 25, 2003 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
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 14 of 25				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. 2003-NC2
	Mortgage Pass-Through Certificates
	Foreclosure Report for May 27, 2003 Distribution
	Foreclosure Report for June 25, 2003 Distribution
	Foreclosure Report - Mortgage Loans that Become Foreclosure During Current Distribution
SUMMARY				LOAN GROUP
Total Loan Count = 1				Loan Group 1 = Group 1 Group
Total Loan Count = 33				Loan Group 1 = Group 1 Group
Total Original Principal Balance = 127,500.00				Loan Group 2 = Group 2 Group
Total Original Principal Balance = 4,669,800.00				Loan Group 2 = Group 2 Group
Total Current Balance = 127,115.38
Total Current Balance = 4,650,230.34
Loan Number		Original	Stated		Current	State &
&		Principal	Principal	Paid to	Note	LTV at	Original	Origination
Loan Group		Balance	Balance	Date	Rate	Origination	Term	Date
727609 1		127,500.00	127,115.38	Nov-01-02	9.490%	OR - 85.00%	360	Oct-31-02
721002 1		323,000.00	321,898.88	Jan-01-03	8.900%	NY - 85.00%	360	Nov-26-02
721846 1		72,000.00	71,349.15	Dec-01-02	10.350%	TX - 75.00%	240	Oct-30-02
729896 1		138,600.00	138,112.72	Dec-01-02	8.750%	CO - 74.92%	360	Nov-12-02
734030 1		156,000.00	155,324.21	Jan-01-03	8.500%	CA - 80.00%	360	Nov-07-02
734383 1		95,200.00	94,881.40	Jan-01-03	8.990%	MI - 85.00%	360	Nov-08-02
735618 1		93,750.00	93,366.19	Dec-01-02	8.000%	CO - 75.00%	360	Nov-27-02
736648 1		246,000.00	245,176.75	Dec-01-02	8.990%	CA - 84.83%	360	Nov-12-02
738974 1		50,000.00	49,635.57	Jan-01-03	10.790%	CA - 78.13%	240	Nov-27-02
739884 1		37,000.00	36,737.24	Jan-01-03	10.990%	FL - 20.00%	240	Nov-20-02
744558 1		80,000.00	79,788.37	Dec-01-02	9.250%	FL - 72.07%	360	Nov-29-02
744750 1		320,000.00	318,816.03	Jan-01-03	8.500%	FL - 80.00%	360	Nov-26-02
744891 1		45,500.00	45,132.41	Jan-01-03	9.990%	TX - 70.00%	240	Nov-20-02
745467 1		153,000.00	152,306.55	Dec-01-02	7.490%	IL - 90.00%	360	Nov-25-02
755235 1		100,000.00	99,682.87	Jan-01-03	9.250%	NV - 80.00%	360	Nov-26-02
756049 1		181,500.00	180,679.04	Jan-01-03	7.500%	CO - 89.85%	360	Nov-27-02
758020 1		96,800.00	96,383.38	Mar-01-03	7.750%	NC - 80.00%	360	Nov-27-02
717895 2		44,200.00	44,086.36	Jan-01-03	10.250%	DE - 65.00%	360	Nov-04-02
722250 2		54,750.00	53,882.28	Jan-01-03	9.250%	AZ - 75.00%	180	Nov-26-02
723385 2		310,500.00	308,856.33	Dec-01-02	7.500%	CA - 90.00%	360	Oct-18-02
723587 2		255,000.00	254,453.38	Jan-01-03	11.100%	TX - 78.95%	360	Nov-29-02
727768 2		499,000.00	496,504.91	Jan-01-03	6.990%	FL - 64.81%	360	Nov-21-02
730557 2		113,750.00	113,414.61	Dec-01-02	10.350%	IL - 65.00%	360	Nov-12-02
732940 2		61,200.00	60,964.61	Jan-01-03	8.750%	FL - 85.00%	360	Nov-07-02
734104 2		187,000.00	186,374.20	Jan-01-03	9.750%	CA - 85.00%	360	Nov-08-02
734171 2		48,000.00	47,224.49	Feb-01-03	9.000%	TX - 80.00%	180	Nov-20-02
735686 2		101,600.00	101,294.14	Apr-01-03	9.500%	TX - 80.00%	360	Nov-12-02
736716 2		116,800.00	116,582.74	Jan-01-03	11.750%	TX - 80.00%	360	Nov-26-02
736793 2		135,150.00	134,743.13	Dec-01-02	9.500%	NC - 85.00%	360	Nov-12-02
737164 2		61,200.00	60,971.25	Dec-01-02	8.450%	SC - 90.00%	360	Nov-26-02
737529 2		92,250.00	91,972.28	Jan-01-03	9.500%	CT - 68.33%	360	Nov-12-02
740666 2		88,000.00	87,643.32	Dec-01-02	8.050%	TX - 80.00%	360	Nov-20-02
744100 2		118,400.00	118,061.75	Dec-01-02	9.750%	CO - 80.00%	360	Nov-27-02
747920 2		194,650.00	193,929.78	Jan-01-03	8.500%	NJ - 85.00%	360	Nov-13-02
				Page 15 of 25				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. 2003-NC2
	Mortgage Pass-Through Certificates
	Prepayment Report for May 27, 2003 Distribution
	Prepayment Report for June 25, 2003 Distribution
	Prepayment Report - Voluntary Prepayments
VOLUNTARY PREPAYMENTS						GROUP 2	GROUP 1	TOTAL
	Current
	Number of Paid in Full Loans					1724	4054	5778
	Number of Repurchased Loans					-	-	-
	Total Number of Loans Prepaid in Full					1724	4054	5778
	Paid in Full Balance					4,~~609~~363,~~910~~573.9278	79,~~444~~321,~~675~~725.2352	1213,~~054~~685,~~586~~299.1530
	Repurchased Loans Balance					-	-	-
	Curtailments Amount					2948,~~037~~893.6725	61195,~~732~~408.6397	90244,~~770~~302.3022
	Total Prepayment Amount					4,~~638~~412,~~948~~467.5903	79,~~506~~517,~~407~~134.8649	1213,~~145~~929,~~356~~601.4552
	Cumulative
	Number of Paid in Full Loans					3660	77131	~~113~~191
	Number of Repurchased Loans					-	-	-
	Total Number of Loans Prepaid in Full					3660	77131	~~113~~191
	Paid in Full Balance					914,~~772~~135,~~171~~744.0078	1423,~~320~~641,~~218~~943.3183	2437,~~092~~777,~~389~~688.3161
	Repurchased Loans Balance					-	-	-
	Curtailments Amount					~~100~~149,~~601~~494.3560	~~162~~357,~~493~~902.2825	~~263~~507,~~094~~396.6385
	Total Prepayment Amount					914,~~872~~285,~~772~~239.3538	1423,~~482~~999,~~711~~846.5908	2438,~~355~~285,~~483~~085.9446
SPACE INTENTIONALLY LEFT BLANK
Total Prepayments by Groups (in thousands of dollars)					Total Prepayments (in thousands of dollars)
				Page 16 of 25				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. 2003-NC2
	Mortgage Pass-Through Certificates
	Prepayment Report for May 27, 2003 Distribution
	Prepayment Report for June 25, 2003 Distribution
	Prepayment Report - Voluntary Prepayments
VOLUNTARY PREPAYMENT RATES						GROUP 2	GROUP 1	TOTAL
	SMM					1.1511%	1.1345%	1.1432%
	3 Months Avg SMM					01.8101%	01.7210%	01.7607%
	12 Months Avg SMM
	Avg SMM Since Cut-off					0.8189%	0.7290%	0.7690%
	CPR					12.9853%	1216.7306%	1214.8274%
	3 Months Avg CPR					911.3349%	812.3444%	812.7108%
	12 Months Avg CPR
	Avg CPR Since Cut-off					910.3314%	810.34%	810.7126%
	PSA					~~1203~~980.9720%	~~1192~~1267.5402%	~~1196~~1159.8953%
	3 Months Avg PSA Approximation					~~1061~~1065.2398%	~~961~~1164.0873%	~~999~~1127.3233%
	12 Months Avg PSA Approximation
	Avg PSA Since Cut-off Approximation					~~1061~~1035.2388%	~~961~~1067.0888%	~~999~~1055.3272%
	Group 1
	Group 2
CPR by Groups					Total CPR
PSA by Groups					Total PSA
				Page 17 of 25				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. 2003-NC2
	Mortgage Pass-Through Certificates
	Prepayment Report for May 27, 2003 Distribution
	Prepayment Report for June 25, 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 25				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. 2003-NC2
	Mortgage Pass-Through Certificates
	Prepayment Detail Report for May 27, 2003 Distribution
	Prepayment Detail Report for June 25, 2003 Distribution
	Prepayment Detail Report - Loans Prepaid in Full During Current Distribution
SUMMARY						LOAN GROUP
Total Loan Count = 57						Loan Group 1 = Group 1 Group
Total Loan Count = 78						Loan Group 1 = Group 1 Group
Total Original Principal Balance = 12,090,092.00						Loan Group 2 = Group 2 Group
Total Original Principal Balance = 13,736,210.00						Loan Group 2 = Group 2 Group
Total Prepayment Amount = 12,054,586.15
Total Prepayment Amount = 13,685,299.30
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
700688 1			275,000.00	274,999.91	Apr-21-03	4.820%	ID - 74.32%	Paid Off - 300	Oct-29-02
664391 1			66,750.00	66,623.88	May-30-03	9.750%	IL - 75.00%	Paid Off - 360	Dec-19-02
714675 1			211,650.00	211,503.11	Apr-30-03	5.320%	CA - 85.00%	Paid Off - 300	Oct-15-02
711923 1			240,000.00	239,988.70	May-02-03	5.320%	CA - 80.00%	Paid Off - 300	Oct-02-02
722328 1			160,000.00	159,330.02	Apr-28-03	6.950%	CA - 65.84%	Paid Off - 360	Oct-31-02
720701 1			110,000.00	109,706.78	May-14-03	9.190%	TX - 80.00%	Paid Off - 360	Nov-06-02
722873 1			79,200.00	78,954.81	Apr-02-03	9.150%	FL - 90.00%	Paid Off - 360	Nov-06-02
722828 1			322,000.00	320,377.23	May-23-03	6.950%	CA - 68.51%	Paid Off - 360	Oct-24-02
724277 1			225,000.00	224,235.00	Apr-22-03	8.000%	MI - 75.00%	Paid Off - 360	Nov-05-02
723628 1			177,300.00	176,642.68	May-02-03	8.490%	IL - 90.00%	Paid Off - 360	Nov-06-02
726212 1			174,250.00	173,686.70	Apr-19-03	8.250%	CA - 85.00%	Paid Off - 360	Oct-25-02
724275 1			112,000.00	111,585.58	May-21-03	8.500%	AZ - 80.00%	Paid Off - 360	Nov-05-02
726494 1			104,000.00	103,680.44	May-01-03	8.500%	MI - 80.00%	Paid Off - 360	Oct-28-02
725235 1			59,250.00	58,981.47	May-30-03	7.490%	FL - 75.00%	Paid Off - 360	Oct-25-02
727269 1			220,500.00	219,901.02	Apr-09-03	7.990%	IL - 90.00%	Paid Off - 360	Nov-15-02
726551 1			76,000.00	75,773.52	May-21-03	8.650%	MI - 76.00%	Paid Off - 360	Nov-27-02
727312 1			68,000.00	67,783.72	Apr-15-03	8.990%	IL - 80.00%	Paid Off - 360	Oct-30-02
726743 1			297,500.00	296,556.60	May-21-03	9.250%	NY - 85.00%	Paid Off - 360	Oct-31-02
727726 1			320,000.00	319,191.93	Apr-25-03	8.350%	AZ - 80.00%	Paid Off - 360	Nov-26-02
726900 1			212,500.00	211,773.72	May-15-03	8.890%	IL - 85.00%	Paid Off - 360	Oct-28-02
729561 1			150,000.00	149,377.90	Apr-28-03	7.000%	CA - 68.18%	Paid Off - 360	Nov-06-02
728130 1			134,000.00	133,438.85	May-27-03	6.950%	CA - 67.00%	Paid Off - 360	Nov-13-02
730107 1			297,600.00	296,363.53	Apr-18-03	6.990%	UT - 79.15%	Paid Off - 360	Oct-31-02
728542 1			270,000.00	268,883.54	May-19-03	7.950%	CA - 88.52%	Paid Off - 360	Oct-31-02
730125 1			197,625.00	196,948.02	Apr-11-03	7.990%	CA - 85.00%	Paid Off - 360	Oct-30-02
728715 1			159,000.00	158,381.09	May-28-03	8.250%	MA - 60.00%	Paid Off - 360	Oct-30-02
731244 1			165,750.00	165,157.43	Apr-17-03	7.750%	CA - 85.00%	Paid Off - 360	Oct-29-02
728723 1			40,000.00	39,919.10	May-02-03	10.500%	ME - 57.22%	Paid Off - 360	Nov-19-02
731580 1			200,800.00	200,150.88	Apr-29-03	8.250%	CA - 80.00%	Paid Off - 360	Oct-30-02
730292 1			256,000.00	254,949.89	May-02-03	7.990%	CA - 79.01%	Paid Off - 360	Oct-30-02
731796 1			102,425.00	102,109.55	Apr-02-03	8.500%	MO - 85.00%	Paid Off - 360	Oct-30-02
730493 1			159,800.00	159,265.24	May-30-03	8.990%	CA - 85.00%	Paid Off - 360	Oct-29-02
732159 1			218,700.00	217,778.97	Apr-16-03	7.100%	MA - 56.08%	Paid Off - 360	Oct-31-02
730643 1			295,800.00	295,800.00	May-13-03	5.320%	CO - 85.00%	Paid Off - 300	Oct-25-02
732617 1			312,842.00	311,664.16	Apr-03-03	7.490%	IL - 80.00%	Paid Off - 360	Oct-31-02
732285 1			390,000.00	388,249.86	May-22-03	7.750%	CA - 84.78%	Paid Off - 360	Oct-31-02
735390 1			99,200.00	98,902.71	Apr-24-03	7.500%	CA - 80.00%	Paid Off - 360	Nov-12-02
732542 1			112,500.00	112,014.85	May-22-03	7.740%	CA - 90.00%	Paid Off - 360	Oct-29-02
735706 1			53,100.00	52,926.78	Apr-24-03	8.990%	WI - 90.00%	Paid Off - 360	Oct-31-02
732632 1			209,500.00	208,815.88	May-30-03	8.200%	MD - 87.29%	Paid Off - 360	Nov-05-02
736447 1			212,000.00	211,133.98	Apr-21-03	8.250%	MI - 74.39%	Paid Off - 360	Nov-20-02
733063 1			210,000.00	209,297.25	May-19-03	8.990%	CA - 75.00%	Paid Off - 360	Nov-05-02
737851 1			260,000.00	259,138.31	Apr-15-03	6.990%	CA - 65.00%	Paid Off - 360	Nov-21-02
733497 1			282,000.00	280,286.66	May-20-03	6.250%	CA - 43.05%	Paid Off - 360	Oct-31-02
737987 1			310,500.00	309,812.49	Apr-25-03	8.990%	CA - 90.00%	Paid Off - 360	Nov-12-02
735389 1			175,000.00	174,308.10	May-12-03	7.250%	CA - 51.47%	Paid Off - 360	Nov-14-02
738229 1			277,500.00	276,684.03	Apr-22-03	7.750%	IL - 75.00%	Paid Off - 360	Nov-12-02
735453 1			95,000.00	94,570.91	May-12-03	6.750%	WA - 42.04%	Paid Off - 360	Nov-27-02
738754 1			126,000.00	125,644.39	Apr-16-03	7.800%	NJ - 90.00%	Paid Off - 360	Nov-27-02
735629 1			180,000.00	179,252.14	May-07-03	6.990%	PA - 80.00%	Paid Off - 360	Nov-26-02
739003 1			170,000.00	169,261.36	Apr-28-03	6.750%	CA - 74.24%	Paid Off - 360	Nov-19-02
736222 1			216,300.00	215,600.81	May-22-03	8.250%	CA - 77.25%	Paid Off - 360	Nov-27-02
739152 1			189,000.00	188,440.45	Apr-22-03	8.250%	MI - 78.75%	Paid Off - 360	Nov-20-02
738216 1			200,000.00	199,353.47	May-30-03	8.250%	MA - 67.80%	Paid Off - 360	Nov-20-02
740538 1			70,300.00	70,055.35	Apr-03-03	6.740%	FL - 95.00%	Paid Off - 360	Nov-26-02
738693 1			140,000.00	139,514.34	May-02-03	7.900%	MA - 80.00%	Paid Off - 360	Nov-18-02
741537 1			260,000.00	259,052.14	Apr-24-03	6.500%	CA - 64.20%	Paid Off - 360	Nov-14-02
741886 1			202,000.00	201,379.39	May-05-03	8.500%	CA - 79.22%	Paid Off - 360	Nov-13-02
742171 1			203,000.00	202,291.58	Apr-29-03	6.750%	CA - 79.61%	Paid Off - 360	Nov-15-02
742021 1			60,000.00	59,781.17	May-13-03	7.650%	IL - 37.27%	Paid Off - 360	Nov-22-02
742203 1			222,400.00	222,335.61	Apr-04-03	5.820%	CA - 80.00%	Paid Off - 300	Nov-19-02
742201 1			79,000.00	78,688.11	May-13-03	7.250%	MA - 43.89%	Paid Off - 360	Nov-25-02
742550 1			206,550.00	205,931.06	Apr-30-03	7.500%	MD - 85.00%	Paid Off - 360	Nov-19-02
742301 1			200,000.00	199,248.51	May-30-03	7.500%	MI - 69.20%	Paid Off - 360	Nov-20-02
743632 1			100,000.00	99,634.75	Apr-25-03	6.990%	CA - 24.81%	Paid Off - 360	Nov-27-02
742515 1			45,000.00	44,688.92	May-07-03	9.750%	MO - 11.69%	Paid Off - 240	Nov-26-02
744113 1			100,000.00	99,767.30	Apr-24-03	8.750%	MI - 74.07%	Paid Off - 360	Nov-26-02
743195 1			204,000.00	203,194.54	May-05-03	7.250%	NY - 80.00%	Paid Off - 360	Nov-26-02
744450 1			165,750.00	165,200.67	Apr-14-03	6.990%	CA - 65.00%	Paid Off - 360	Nov-22-02
743362 1			108,000.00	107,613.90	May-07-03	7.750%	CA - 90.00%	Paid Off - 360	Nov-27-02
746538 1			190,500.00	189,982.51	May-01-03	7.990%	CA - 84.67%	Paid Off - 360	Nov-27-02
744046 1			276,250.00	275,102.24	May-02-03	6.990%	CA - 85.00%	Paid Off - 360	Nov-27-02
748700 1			116,250.00	115,965.27	Apr-21-03	8.500%	MN - 75.00%	Paid Off - 360	Nov-29-02
744126 1			49,500.00	49,324.04	May-16-03	7.990%	TX - 71.74%	Paid Off - 360	Nov-20-02
753841 1			148,750.00	148,304.12	Apr-02-03	7.500%	IL - 85.00%	Paid Off - 360	Nov-27-02
744615 1			153,000.00	152,365.54	May-30-03	7.000%	IL - 90.00%	Paid Off - 360	Nov-20-02
755495 1			298,000.00	297,105.25	Apr-22-03	7.490%	NE - 53.69%	Paid Off - 360	Nov-27-02
745365 1			256,500.00	255,626.14	May-12-03	7.990%	CA - 95.00%	Paid Off - 360	Nov-27-02
756472 1			205,000.00	204,288.00	Apr-17-03	6.750%	IL - 82.00%	Paid Off - 360	Nov-27-02
745382 1			304,000.00	302,509.91	May-30-03	6.900%	FL - 80.00%	Paid Off - 360	Nov-27-02
667094 2			588,000.00	585,078.59	Apr-08-03	8.500%	MI - 78.40%	Paid Off - 360	Aug-06-02
745848 1			316,350.00	315,327.37	May-27-03	8.250%	WA - 95.00%	Paid Off - 360	Nov-27-02
712264 2			210,000.00	209,256.76	Apr-17-03	7.800%	CA - 61.76%	Paid Off - 360	Oct-30-02
746198 1			165,100.00	164,665.39	May-28-03	9.250%	MA - 73.38%	Paid Off - 360	Nov-26-02
720112 2			120,000.00	119,699.53	Apr-07-03	9.490%	MI - 57.97%	Paid Off - 360	Nov-05-02
747124 1			192,000.00	191,313.59	May-21-03	7.750%	IL - 80.00%	Paid Off - 360	Nov-26-02
720676 2			357,500.00	357,499.99	Apr-24-03	5.320%	CA - 84.12%	Paid Off - 300	Oct-30-02
747440 1			104,000.00	103,609.20	May-02-03	7.500%	IN - 65.00%	Paid Off - 360	Nov-27-02
					Page 19 of 25				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. 2003-NC2
	Mortgage Pass-Through Certificates
	Prepayment Detail Report for May 27, 2003 Distribution
	Prepayment Detail Report for June 25, 2003 Distribution
	Prepayment Detail Report - Loans Prepaid in Full During Current Distribution
Loan Number			Original			Current	State &
&		Loan	Principal	Prepayment	Prepayment	Note	LTV at	Original	Origination
Loan Group		Status	Balance	Amount	Date	Rate	Origination	Term	Date
724124 2			130,000.00	129,722.69	Apr-30-03	10.250%	IL - 66.67%	Paid Off - 360	Nov-06-02
748033 1			82,800.00	82,437.89	May-22-03	7.500%	WI - 77.46%	Paid Off - 360	Nov-27-02
730318 2			468,000.00	466,850.81	Apr-02-03	8.500%	CA - 90.00%	Paid Off - 360	Nov-25-02
748147 1			62,500.00	62,287.07	May-28-03	7.990%	LA - 65.79%	Paid Off - 360	Nov-26-02
730581 2			326,250.00	325,476.43	Apr-11-03	9.750%	CA - 75.00%	Paid Off - 360	Oct-31-02
748520 1			270,200.00	269,326.55	May-27-03	8.250%	WA - 70.00%	Paid Off - 360	Nov-27-02
730685 2			232,500.00	231,919.06	Apr-18-03	9.500%	CA - 75.00%	Paid Off - 360	Oct-31-02
748616 1			134,300.00	133,842.46	May-28-03	7.990%	WI - 85.00%	Paid Off - 360	Nov-25-02
731350 2			210,000.00	209,475.26	Apr-15-03	9.500%	IL - 66.25%	Paid Off - 360	Oct-29-02
748810 1			112,000.00	111,507.74	May-22-03	7.790%	CA - 63.28%	Paid Off - 360	Nov-27-02
731393 2			158,000.00	157,686.42	May-01-03	10.600%	CA - 79.00%	Paid Off - 360	Oct-31-02
749259 1			60,000.00	59,774.55	May-05-03	7.500%	MI - 75.00%	Paid Off - 360	Nov-21-02
733460 2			470,400.00	468,879.44	Apr-07-03	8.250%	NJ - 80.00%	Paid Off - 360	Nov-01-02
749626 1			77,000.00	76,829.59	May-15-03	10.990%	OH - 70.00%	Paid Off - 360	Nov-30-02
735862 2			40,800.00	40,543.15	Apr-08-03	8.990%	KS - 85.00%	Paid Off - 360	Nov-08-02
752297 1			273,000.00	271,811.43	May-05-03	6.750%	CA - 68.25%	Paid Off - 360	Nov-27-02
740160 2			400,000.00	398,958.63	Apr-28-03	8.200%	CA - 83.33%	Paid Off - 360	Nov-27-02
752458 1			267,300.00	265,991.84	May-22-03	7.500%	MI - 90.00%	Paid Off - 360	Nov-20-02
743509 2			472,000.00	470,585.61	Apr-29-03	7.500%	MA - 80.00%	Paid Off - 360	Nov-21-02
752740 1			104,000.00	103,566.32	May-27-03	6.990%	LA - 80.00%	Paid Off - 360	Nov-25-02
744088 2			351,500.00	350,545.17	Apr-18-03	7.990%	CA - 95.00%	Paid Off - 360	Nov-20-02
667376 2			423,300.00	422,021.88	May-30-03	8.990%	MA - 80.94%	Paid Off - 360	Nov-27-02
751275 2			48,000.00	47,821.77	Apr-17-03	6.500%	CA - 22.33%	Paid Off - 360	Nov-25-02
672006 2			265,000.00	263,375.64	May-23-03	6.750%	CA - 62.35%	Paid Off - 360	Sep-18-02
754609 2			40,000.00	39,911.62	Apr-29-03	9.000%	FL - 43.01%	Paid Off - 360	Nov-27-02
695718 2			221,000.00	220,001.42	May-08-03	9.500%	FL - 85.00%	Paid Off - 360	Nov-06-02
710102 2			65,100.00	65,002.88	May-07-03	11.900%	MI - 70.00%	Paid Off - 360	Nov-06-02
725839 2			72,800.00	72,608.36	May-05-03	9.250%	FL - 80.00%	Paid Off - 360	Nov-08-02
727982 2			369,900.00	368,874.48	May-22-03	9.000%	IL - 90.00%	Paid Off - 360	Nov-12-02
731948 2			158,000.00	157,572.04	May-29-03	10.020%	CA - 69.60%	Paid Off - 360	Oct-31-02
732477 2			88,500.00	88,260.84	May-09-03	10.950%	OK - 75.00%	Paid Off - 360	Oct-30-02
732702 2			43,400.00	43,285.83	May-30-03	10.125%	OK - 70.00%	Paid Off - 360	Oct-30-02
733709 2			125,000.00	124,626.75	May-16-03	9.990%	MA - 53.19%	Paid Off - 360	Oct-31-02
734523 2			452,000.00	449,721.88	May-02-03	6.950%	CA - 80.00%	Paid Off - 360	Oct-31-02
735359 2			100,100.00	99,897.57	May-19-03	10.500%	CA - 55.00%	Paid Off - 360	Nov-12-02
736349 2			420,000.00	418,772.17	May-06-03	7.640%	FL - 80.00%	Paid Off - 360	Nov-14-02
739323 2			188,000.00	187,359.52	May-21-03	7.990%	IL - 80.00%	Paid Off - 360	Nov-08-02
741687 2			283,410.00	282,493.85	May-20-03	8.250%	WI - 90.00%	Paid Off - 360	Nov-08-02
741827 2			58,500.00	58,310.35	May-12-03	8.250%	MS - 37.03%	Paid Off - 360	Nov-13-02
744667 2			260,000.00	259,062.67	May-14-03	7.750%	CA - 60.75%	Paid Off - 360	Nov-26-02
745400 2			100,000.00	99,597.76	May-23-03	7.750%	CA - 56.82%	Paid Off - 360	Nov-27-02
749880 2			90,400.00	90,091.99	May-19-03	7.990%	TX - 80.00%	Paid Off - 360	Nov-27-02
750603 2			50,000.00	48,989.10	May-15-03	8.990%	UT - 42.02%	Paid Off - 180	Nov-26-02
751758 2			210,000.00	209,447.19	May-14-03	9.250%	NJ - 72.41%	Paid Off - 360	Nov-27-02
752196 2			99,000.00	98,147.30	May-28-03	7.990%	TN - 78.57%	Paid Off - 240	Nov-26-02
752750 2			26,000.00	25,706.77	May-27-03	10.990%	LA - 20.00%	Paid Off - 180	Nov-25-02
754611 2			210,800.00	210,345.54	May-30-03	10.200%	NJ - 85.00%	Paid Off - 360	Nov-29-02
					Page 20 of 25				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. 2003-NC2
	Mortgage Pass-Through Certificates
	Realized Loss Report for May 27, 2003 Distribution
	Realized Loss Report for June 25, 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.
	Cumulative Loss Percentage							0.00%
	Group 1						3 Months Moving Average
	Group 2
Collateral Loss Severity Approximation by Groups					Collateral Loss Severity Approximation
				Page 21 of 25				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. 2003-NC2
	Mortgage Pass-Through Certificates
	Realized Loss Report for May 27, 2003 Distribution
	Realized Loss Report for June 25, 2003 Distribution
	Realized Loss Report - Collateral
DEFAULT SPEEDS						GROUP 2	GROUP 1	TOTAL
	MDR					0.00%	0.00%	0.00%
	3 Months Avg MDR					0.00%	0.00%	0.00%
	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					0.00%	0.00%	0.00%
	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					0.00%	0.00%	0.00%
	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 22 of 25				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. 2003-NC2
	Mortgage Pass-Through Certificates
	Realized Loss Report for May 27, 2003 Distribution
	Realized Loss Report for June 25, 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 23 of 25				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. 2003-NC2
	Mortgage Pass-Through Certificates
	Realized Loss Detail Report for May 27, 2003 Distribution
	Realized Loss Detail Report for June 25, 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
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					Page 24 of 25				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. 2003-NC2
	Mortgage Pass-Through Certificates
	Triggers, Adj. Rate Cert. and Miscellaneous Report for May 27, 2003 Distribution
	Triggers, Adj. Rate Cert. and Miscellaneous Report for June 25, 2003 Distribution
	Triggers, Adj. Rate Cert. and Miscellaneous Report
TRIGGER EVENTS						GROUP 2	GROUP 1	TOTAL
	Has a Stepdown Date occurred?							No
	Does Trigger Event exist?							No
	1. Does (A) equal or exceed (B)?							No
	(A) 60+ Day Delinq % (quotient of (x) over (y))							0.3572%
	(x) Rolling 3-month avg. of 60+ Day Delinq. Loans							37,~~668~~463,~~539~~021.7861
	(y) Stated Principal Balance							1,~~055~~041,~~815~~059,~~751~~386.3128
	(B) 40% of Sr. Enhancement Percentage							7.7079%
	2. Does (A) exceed (B)?							No
	(A) Realized Loss % (quotient of (x) over (y))							0.00%
	(x) Agg. Realized Losses to date							0.00
	(y) Cut-off Date Pool Principal Balance							1,082,683,538.28
	(B) Applicable Percentage							100.00%
	Senior Enhancement Percentage (Prior)							19.2548%
ADJUSTABLE RATE CERTIFICATE INFORMATION						GROUP 2	GROUP 1	TOTAL
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ADDITIONAL INFORMATION						GROUP 2	GROUP 1	TOTAL
	Basis Risk Carry Forward Amount							0.00
	Class A-2 Certificate Deficiency Amount							0.00
	Preference Amount							0.00
	Reimbursement Amount							0.00
	Group 1 Closing Date Deposit Amount							1,454.72
	Group 2 Closing Date Deposit Amount							1,319.44
				Page 25 of 25				© COPYRIGHT 2003 Deutsche Bank

Filing Compare · MORGAN STANLEY DEAN WITTER CAPITAL I INC SERIES 2003 NC2