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): ~~July~~August 25, 2003 MORGAN STANLEY CAPITAL I INC. (as Depositor, Homeq Servicing Corporation as Servicer, NC Capital Corporation, as Responsible Party and Deutsche Bank National Trust Company, as Trustee). MORGAN STANLEY ABS CAPITAL I TRUST 2003 NC6 (Exact name of Registrant as specified in its Charter) DELAWARE (State or Other Jurisdiction of Incorporation) 333-104046-04 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) 761-4000 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 ~~July~~August 25, 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 June 1,2003. Date: Aug 0128, 2003 By: /s/ Katherine M. Wannenmacher Katherine M. Wannenmacher Vice President EXHIBIT INDEX DOCUMENT Monthly Remittance Statement to the Certificateholders dated as of ~~July~~August 25, 2003.

	Morgan Stanley ABS Capital I Trust 2003-NC6
	Mortgage Pass-Through Certificates
	July 25, 2003 Distribution
	August 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				20
			12.	Realized Loss Detail Report				23
			13.	Triggers, Adj. Rate Cert. and Miscellaneous Report				24
				Total Number of Pages				24
			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: June 1, 2003
	Certificate Insurer(s):							Closing Date: June 26, 2003
								First Payment Date: July 25, 2003
	Servicer(s):		HomeQ Servicing Corp. Master Servicer
								Distribution Date: July 25, 2003
								Distribution Date: August 25, 2003
	Underwriter(s):		Morgan Stanley					Record Date: ~~July~~August 2422, 2003
								June 30, 2003
								July 31, 2003
						Page 1 of 24					© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley ABS Capital I Trust 2003-NC6
	Mortgage Pass-Through Certificates
	REMIC II Series 2003-NC6
	Certificate Payment Report for July 25, 2003 Distribution
	Certificate Payment Report for August 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)
A1	FLT, STEP	454,648,000.00			~~454~~452,~~648~~184,~~000~~573.0032	~~540~~599,~~210~~646.2399	23,~~463~~094,~~426~~322.6801	3,~~003~~693,~~636~~969.9100	-	-	~~452~~449,~~184~~090,~~573~~251.3231
A2	FLT, STEP	188,828,000.00			~~188~~186,~~828~~175,~~000~~402.0042	~~212~~234,~~195~~063.4785	2,~~652~~892,~~597~~171.5837	23,~~864~~126,~~793~~235.0522	-	-	~~186~~183,~~175~~283,~~402~~231.4205
M1	MEZ, FLT,ST	47,665,000.00			47,665,000.00	7077,~~458~~985.1424	-	7077,~~458~~985.1424	-	-	47,665,000.00
M2	MEZ, FLT,ST	41,310,000.00			41,310,000.00	99108,~~333~~496.3413	-	99108,~~333~~496.3413	-	-	41,310,000.00
M3	MEZ, FLT,ST	13,902,000.00			13,902,000.00	3740,~~348~~701.1197	-	3740,~~348~~701.1197	-	-	13,902,000.00
B1	SUB, FLT,ST	10,725,000.00			10,725,000.00	3841,~~316~~559.5538	-	3841,~~316~~559.5538	-	-	10,725,000.00
B2	SUB, FLT,ST	7,150,000.00			7,150,000.00	2729,~~560~~861.2718	-	2729,~~560~~861.2718	-	-	7,150,000.00
B3	SUB, FLT,ST	14,299,000.00			14,299,000.00	5559,~~116~~718.6918	-	5559,~~116~~718.6918	-	-	14,299,000.00
X	SUB	15,888,133.28			15,888,~~133~~302.2867	3,~~660~~518,~~606~~862.9061	-	3,~~660~~518,~~606~~862.9061	-	~~169.39~~-	15,888,302.67
P	SUB,EXE	-			-	2563,~~776~~339.5103	-	2563,~~776~~339.5103	-	-	-
R	R	-			-	-	-	-	-	-	-
Total		794,415,133.28			~~794~~789,~~415~~299,~~133~~278.2841	4,~~766~~774,~~922~~234.2156	5,~~116~~986,~~024~~493.2638	910,~~882~~760,~~946~~727.4794	-	~~169.39~~-	~~789~~783,~~299~~312,~~278~~785.4103
	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)
A1	0607/2625/03	0708/24/03		A-Act/360	61746RBS9	454,648,000.00	~~1,000~~994.~~000000~~581684	1.~~188194~~318926	56.~~418316~~805973	68.~~606511~~124899	~~994~~987.~~581684~~775711
A2	0607/2625/03	0708/24/03		A-Act/360	61746RBK6	188,828,000.00	~~1,000~~985.~~000000~~952308	1.~~123750~~239561	1415.~~047692~~316433	1516.~~171442~~555994	~~985~~970.~~952308~~635875
M1	0607/2625/03	0708/24/03		A-Act/360	61746RBL4	47,665,000.00	1,000.000000	1.~~478194~~636111	-	1.~~478194~~636111	1,000.000000
M2	0607/2625/03	0708/24/03		A-Act/360	61746RBM2	41,310,000.00	1,000.000000	2.~~404583~~626389	-	2.~~404583~~626389	1,000.000000
M3	0607/2625/03	0708/24/03		A-Act/360	61746RBN0	13,902,000.00	1,000.000000	2.~~686528~~927778	-	2.~~686528~~927778	1,000.000000
B1	0607/2625/03	0708/24/03		A-Act/360	61746RBP5	10,725,000.00	1,000.000000	3.~~572639~~875000	-	3.~~572639~~875000	1,000.000000
B2	0607/2625/03	0708/24/03		A-Act/360	61746RBQ3	7,150,000.00	1,000.000000	34.~~854583~~176389	-	34.~~854583~~176389	1,000.000000
B3	0607/2625/03	0708/24/03		A-Act/360	61746RBR1	14,299,000.00	1,000.000000	34.~~854584~~176389	-	34.~~854584~~176389	1,000.000000
X				A-Act/360		15,888,133.28	1,000.~~000000~~010661	~~230~~221.~~398804~~477410	-	~~230~~221.~~398804~~477410	1,000.010661
P				A-Act/360		-	-	-	-	-	-
R				A-Act/360		-	-	-	-	-	-
							Page 2 of 24				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley ABS Capital I Trust 2003-NC6
	Mortgage Pass-Through Certificates
	REMIC II Series 2003-NC6
	Certificate Payment Report for July 25, 2003 Distribution
	Certificate Payment Report for August 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)
A1	454,648,000.00		~~540~~1,~~210~~139,857.2322		24,~~183~~964,~~415~~867.7232	~~280~~592,~~010~~881.9637	25,~~463~~557,~~426~~748.6869	36,~~003~~697,~~636~~605.91	-	-	~~452~~449,~~184~~090,~~573~~251.3231
A2	188,828,000.00		~~212~~446,~~195~~259.4732		24,~~351~~950,~~084~~824.0872	~~301~~593,~~513~~944.5023	25,~~652~~544,~~597~~768.5895	25,~~864~~991,~~793~~028.0527	-	-	~~186~~183,~~175~~283,~~402~~231.4205
M1	47,665,000.00		70148,~~458~~443.1438		-	-	-	70148,~~458~~443.1438	-	-	47,665,000.00
M2	41,310,000.00		99207,~~333~~829.3447		-	-	-	99207,~~333~~829.3447	-	-	41,310,000.00
M3	13,902,000.00		3778,~~348~~050.1108		-	-	-	3778,~~348~~050.1108	-	-	13,902,000.00
B1	10,725,000.00		3879,~~316~~875.5593		-	-	-	3879,~~316~~875.5593	-	-	10,725,000.00
B2	7,150,000.00		2757,~~560~~421.2745		-	-	-	2757,~~560~~421.2745	-	-	7,150,000.00
B3	14,299,000.00		55114,~~116~~834.6987		-	-	-	55114,~~116~~834.6987	-	-	14,299,000.00
X	15,888,133.28		37,~~660~~179,~~606~~469.9051		-0.00	-	-	37,~~660~~179,~~606~~469.9051	-	169.39	15,888,302.67
P	-		2589,~~776~~115.5154		-	-	-	2589,~~776~~115.5154	-	-	-
R	-		-		-	-	-	-	-	-	-
Total	794,415,133.28		49,~~766~~541,~~922~~156.2177		49,~~534~~915,~~499~~692.8004	~~581~~1,~~524~~186,825.4660	511,~~116~~102,~~024~~517.2664	920,~~882~~643,~~946~~674.4741	-	169.39	~~789~~783,~~299~~312,~~278~~785.4103
	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)
A1	1.~~47500~~54000%	~~454~~452,~~648~~184,~~000~~573.0032			~~540~~599,~~210~~646.2399	-	-	-	~~540~~599,~~210~~646.2399	~~540~~599,~~210~~646.2399	-
A2	1.~~39500~~46000%	~~188~~186,~~828~~175,~~000~~402.0042			~~212~~234,~~195~~063.4785	-	-	-	~~212~~234,~~195~~063.4785	~~212~~234,~~195~~063.4785	-
M1	1.~~83500~~90000%	47,665,000.00			7077,~~458~~985.1424	-	-	-	7077,~~458~~985.1424	7077,~~458~~985.1424	-
M2	23.~~98500~~05000%	41,310,000.00			99108,~~333~~496.3413	-	-	-	99108,~~333~~496.3413	99108,~~333~~496.3413	-
M3	3.~~33500~~40000%	13,902,000.00			3740,~~348~~701.1197	-	-	-	3740,~~348~~701.1197	3740,~~348~~701.1197	-
B1	4.~~43500~~50000%	10,725,000.00			3841,~~316~~559.5538	-	-	-	3841,~~316~~559.5538	3841,~~316~~559.5538	-
B2	4.~~78500~~85000%	7,150,000.00			2729,~~560~~861.2718	-	-	-	2729,~~560~~861.2718	2729,~~560~~861.2718	-
B3	4.~~78500~~85000%	14,299,000.00			5559,~~116~~718.6918	-	-	-	5559,~~116~~718.6918	5559,~~116~~718.6918	-
X	5.~~52978~~34985%	15,888,~~133~~302.2867			3,~~660~~518,~~606~~862.9061	-	-	-	3,~~660~~518,~~606~~862.9061	3,~~660~~518,~~776~~862.2961	-
P		-			2563,~~776~~339.5103	-	-	-	2563,~~776~~339.5103	2563,~~776~~339.5103	-
R		-			-	-	-	-	-	-	-
Total		~~794~~789,~~415~~299,~~133~~278.2841			4,~~766~~774,~~922~~234.2156	-	-	-	4,~~766~~774,~~922~~234.2156	4,~~767~~774,~~091~~234.6056	-
							Page 3 of 24				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley ABS Capital I Trust 2003-NC6
	Mortgage Pass-Through Certificates
	Collection Account Report for July 25, 2003 Distribution
	Collection Account Report for August 25, 2003 Distribution
	Collection Account Report
SUMMARY						GROUP 2	GROUP 1	TOTAL
	Principal Collections					2,~~652~~892,~~509~~171.7537	23,~~463~~094,~~345~~322.1201	5,~~115~~986,~~854~~493.8738
	Principal Other Accounts					0.00	0.00	0.00
	TOTAL NET PRINCIPAL					2,~~652~~892,~~509~~171.7537	23,~~463~~094,~~345~~322.1201	5,~~115~~986,~~854~~493.8738
	Interest Collections					1,~~524~~423,~~566~~482.2030	3,~~556~~345,~~499~~131.5142	54,~~081~~768,~~065~~613.7172
	Interest Withdrawals					0.00	0.00	0.00
	Interest Other Accounts					0.00	0.00	0.00
	Interest Fees					(9517,~~559~~425.7268)	(~~231~~40,~~589~~292.8051)	(~~327~~57,~~149~~718.5219)
	TOTAL NET INTEREST					1,~~436~~406,~~376~~056.4062	3,~~330~~304,~~140~~838.8991	4,~~766~~710,~~517~~895.2953
	TOTAL PRINCIPAL & INTEREST DISTRIBUTABLE					4,~~088~~298,~~886~~227.1599	56,~~793~~399,~~486~~160.0192	910,~~882~~697,~~372~~388.1691
	Prepayment Penalties Collected							2563,~~776~~339.5103
	TOTAL AVAILABLE FUNDS FOR DISTRIBUTION							910,~~908~~760,~~148~~727.6794
PRINCIPAL - COLLECTIONS						GROUP 2	GROUP 1	TOTAL
	Scheduled Principal Received					~~198~~181,~~697~~825.3941	~~382~~423,~~827~~475.0773	~~581~~605,~~524~~301.4614
	Prepayments In Full					2,~~457~~690,~~331~~087.2627	12,~~746~~621,~~361~~932.3441	45,~~203~~312,~~692~~019.6068
	Curtailments					(320,~~858~~258.~~58)~~69	~~333~~48,~~582~~913.5787	~~329~~69,~~723~~172.9956
	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					~~339~~0.6800	~~574~~0.1400	~~913~~0.8200
	Total Realized Loss Of Principal					0.00	0.00	0.00
	Delinquent Principal					(3150,~~591~~844.8810)	(5353,~~870~~012.3441)	(9503,~~462~~856.2251)
	Advanced Principal					3150,~~591~~844.8810	5353,~~870~~012.3441	9503,~~462~~856.2251
	TOTAL PRINCIPAL COLLECTED					2,~~652~~892,~~509~~171.7537	23,~~463~~094,~~345~~322.1201	5,~~115~~986,~~854~~493.8738
				Page 4 of 24				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley ABS Capital I Trust 2003-NC6
	Mortgage Pass-Through Certificates
	Collection Account Report for July 25, 2003 Distribution
	Collection Account Report for August 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					1,~~519~~503,~~877~~180.8827	3,~~556~~540,~~216~~339.6113	5,~~076~~043,~~094~~519.4940
	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					~~7,369~~0.9200	~~5,231~~0.1800	~~12,601~~0.1000
	Delinquent Interest					(361,~~404~~249,598.4875)	(692,~~113~~981,144.2979)	(~~105~~4,~~517~~230,743.7754)
	Interest Advanced					331,~~722~~169,900.8878	642,~~165~~785,937.0108	973,~~887~~955,837.8986
	TOTAL INTEREST COLLECTED					1,~~524~~423,~~566~~482.2030	3,~~556~~345,~~499~~131.5142	54,~~081~~768,~~065~~613.7172
				Page 5 of 24				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley ABS Capital I Trust 2003-NC6
	Mortgage Pass-Through Certificates
	Collection Account Report for July 25, 2003 Distribution
	Collection Account Report for August 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					9416,~~452~~330.3995	~~228~~37,~~923~~638.6607	~~323~~53,~~376~~969.0502
	Trustee Fees					1,~~107~~094.3373	2,~~666~~654.1444	3,~~773~~749.4717
	TOTAL INTEREST OTHER FEES					9517,~~559~~425.7268	~~231~~40,~~589~~292.8051	~~327~~57,~~149~~718.5219
				Page 6 of 24				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley ABS Capital I Trust 2003-NC6
	Mortgage Pass-Through Certificates
	Credit Enhancement Report for July 25, 2003 Distribution
	Credit Enhancement Report for August 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							15,888,~~133~~302.2867
	Ending Subordinated Amount							15,888,302.67
	Specified Subordinated Amount							15,888,302.67
	Senior Enhancement Percentage							19.1227%
				Page 7 of 24				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley ABS Capital I Trust 2003-NC6
	Mortgage Pass-Through Certificates
	Collateral Report for July 25, 2003 Distribution
	Collateral Report for August 25, 2003 Distribution
	Collateral Report
COLLATERAL						GROUP 2	GROUP 1	TOTAL
	Loan Count:
	Original					1348	3666	5014
	Prior					-1,339	-3,655	-4,994
	Prefunding					-	-	-
	Scheduled Paid Offs					-	-	-
	Full Voluntary Prepayments					(9)	(1015)	(1924)
	Repurchases					-	-	-
	Liquidations					-	-	-
	Current					1,~~339~~330	3,~~655~~640	4,~~994~~970
	Principal Balance:
	Original					233,121,572.88	561,292,646.58	794,414,219.46
	Prior					-230,469,402.81	-558,829,875.60	-789,299,278.41
	Prefunding					-	-	-
	Scheduled Principal					(~~198~~181,~~697~~825.3941)	(~~382~~423,~~827~~475.0773)	(~~581~~605,~~524~~301.4614)
	Partial and Full Voluntary Prepayments					(2,~~453~~710,~~472~~345.6896)	(2,~~079~~670,~~943~~846.9128)	(45,~~533~~381,~~416~~192.5924)
	Repurchases					-	-	-
	Liquidations					-	-	-
	Current					~~230~~227,~~469~~577,~~402~~231.8144	~~558~~555,~~829~~735,~~875~~553.6059	~~789~~783,~~299~~312,~~278~~785.4103
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 24				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley ABS Capital I Trust 2003-NC6
	Mortgage Pass-Through Certificates
	Collateral Report for July 25, 2003 Distribution
	Collateral Report for August 25, 2003 Distribution
	Collateral Report
CHARACTERISTICS						GROUP 2	GROUP 1	TOTAL
	Weighted Average Coupon Original					7.823615%	7.602914%	7.667679%
	Weighted Average Coupon Prior					7.823615%	7.602914%	7.667679%
	Weighted Average Coupon Current					7.~~823615~~826706%	7.~~602914~~602326%	7.~~667679~~667843%
	Weighted Average Months to Maturity Original					341	353	349
	Weighted Average Months to Maturity Prior					-341	-353	-349
	Weighted Average Months to Maturity Current					~~341~~342	~~353~~352	349
	Weighted Avg Remaining Amortization Term Original					342	353	350
	Weighted Avg Remaining Amortization Term Prior					-342	-353	-350
	Weighted Avg Remaining Amortization Term Current					~~342~~341	~~353~~352	~~350~~349
	Weighted Average Seasoning Original					3.13	3.12	3.12
	Weighted Average Seasoning Prior					-3.13	-3.12	-3.12
	Weighted Average Seasoning Current					34.13	34.12	34.12
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 24				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley ABS Capital I Trust 2003-NC6
	Mortgage Pass-Through Certificates
	Collateral Report for July 25, 2003 Distribution
	Collateral Report for August 25, 2003 Distribution
	Collateral Report
ARM CHARACTERISTICS						GROUP 2	GROUP 1	TOTAL
	Weighted Average Margin Original					2.867%	4.869%
	Weighted Average Margin Prior					2.867%	4.869%
	Weighted Average Margin Current					2.~~867~~846%	4.869%
	Weighted Average Max Rate Original					7.380%	12.454%
	Weighted Average Max Rate Prior					7.380%	12.454%
	Weighted Average Max Rate Current					7.~~380~~319%	12.~~454~~452%
	Weighted Average Min Rate Original					3.715%	6.508%
	Weighted Average Min Rate Prior					3.715%	6.508%
	Weighted Average Min Rate Current					3.~~715~~684%	6.~~508~~506%
	Weighted Average Cap Up Original					0.855%	1.309%
	Weighted Average Cap Up Prior					0.855%	1.309%
	Weighted Average Cap Up Current					0.~~855~~846%	1.309%
	Weighted Average Cap Down Original					0.855%	1.309%
	Weighted Average Cap Down Prior					0.855%	1.309%
	Weighted Average Cap Down Current					0.~~855~~846%	1.309%
Note: Original information refers to deal issue.
SERVICING FEES / ADVANCES						GROUP 2	GROUP 1	TOTAL
	Current Servicing Fees					9416,~~452~~330.3995	~~228~~37,~~923~~638.6607	~~323~~53,~~376~~969.0502
	Delinquent Servicing Fees					279,~~681~~697.6097	4195,~~948~~207.2771	7274,~~629~~905.8768
	TOTAL SERVICING FEES					9796,~~133~~028.9992	~~233~~232,~~871~~845.9378	~~331~~328,~~005~~874.9270
	Prepayment Interest Shortfall					712,~~369~~792.9261	56,~~231~~729.1849	1219,~~601~~522.10
	Compensating Interest					(712,~~369~~792.9261)	(56,~~231~~729.1849)	(1219,~~601~~522.10)
	Delinquent Servicing Fees					(279,~~681~~697.6097)	(4195,~~948~~207.2771)	(7274,~~629~~905.8768)
	COLLECTED SERVICING FEES					9416,~~452~~330.3995	~~228~~37,~~923~~638.6607	~~323~~53,~~376~~969.0502
	Aggregate Advances with respect to this Distribution					371,~~314~~320,744.7688	703,~~035~~138,949.3549	~~107~~4,~~350~~459,694.1137
	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					~~7,369~~0.9200	~~5,231~~0.1800	~~12,601~~0.1000
	Net Monthly Excess Cash Flow							3,~~660~~518,~~776~~862.2961
	Ending Pool Stated Principal Balance					~~230~~227,~~469~~577,~~402~~231.8144	~~558~~555,~~829~~735,~~875~~553.6059	~~789~~783,~~299~~312,~~278~~785.4103
				Page 10 of 24				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley ABS Capital I Trust 2003-NC6
	Mortgage Pass-Through Certificates
	Delinquency Report for July 25, 2003 Distribution
	Delinquency Report for August 25, 2003 Distribution
	Delinquency Report - Total
				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			-2,512,291.49	-214,363.90	-	-2,726,655.39
		% Balance			0.0032%	0.0003%	0.00%	0.0035%
		# Loans			-17	-2	-	-19
		% # Loans			0.0034%	0.0004%	0.00%	0.0038%
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		~~980~~1,~~947~~816,430.2288	-	-	-	~~980~~1,~~947~~816,430.2288
		% Balance		0.1223%	0.00%	0.00%	0.00%	0.1223%
		# Loans		815	-	-	-	815
		% # Loans		0.1630%	0.00%	0.00%	0.00%	0.1630%
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		~~980~~1,~~947~~816,430.2288	-2,512,291.49	-214,363.90	-	~~980~~4,~~947~~543,086.2227
		% Balance		0.1223%	0.0032%	0.0003%	0.00%	0.1258%
		# Loans		815	-17	-2	-	834
		% # Loans		0.1630%	0.0034%	0.0004%	0.00%	0.1668%
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 24				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley ABS Capital I Trust 2003-NC6
	Mortgage Pass-Through Certificates
	Delinquency Report for July 25, 2003 Distribution
	Delinquency Report for August 25, 2003 Distribution
	Delinquency Report - Group 1 Group
				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			-2,308,183.65	-214,363.90	-	-2,522,547.55
		% Balance			0.0042%	0.0004%	0.00%	0.0045%
		# Loans			-14	-2	-	-16
		% # Loans			0.0038%	0.0005%	0.00%	0.0044%
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		~~946~~1,~~129~~394,821.5460	-	-	-	~~946~~1,~~129~~394,821.5460
		% Balance		0.1725%	0.00%	0.00%	0.00%	0.1725%
		# Loans		712	-	-	-	712
		% # Loans		0.1933%	0.00%	0.00%	0.00%	0.1933%
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		~~946~~1,~~129~~394,821.5460	-2,308,183.65	-214,363.90	-	~~946~~3,~~129~~917,369.5415
		% Balance		0.1725%	0.0042%	0.0004%	0.00%	0.1770%
		# Loans		712	-14	-2	-	728
		% # Loans		0.1933%	0.0038%	0.0005%	0.00%	0.1977%
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 24				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley ABS Capital I Trust 2003-NC6
	Mortgage Pass-Through Certificates
	Delinquency Report for July 25, 2003 Distribution
	Delinquency Report for August 25, 2003 Distribution
	Delinquency Report - Group 2 Group
				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			-204,107.84	-	-	-204,107.84
		% Balance			0.0009%	0.00%	0.00%	0.0009%
		# Loans			-3	-	-	-3
		% # Loans			0.0023%	0.00%	0.00%	0.0023%
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		34421,~~817~~609.6828	-	-	-	34421,~~817~~609.6828
		% Balance		0.0219%	0.00%	0.00%	0.00%	0.0219%
		# Loans		13	-	-	-	13
		% # Loans		0.0723%	0.00%	0.00%	0.00%	0.0723%
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		34421,~~817~~609.6828	-204,107.84	-	-	34625,~~817~~717.6812
		% Balance		0.0219%	0.0009%	0.00%	0.00%	0.0227%
		# Loans		13	-3	-	-	16
		% # Loans		0.0723%	0.0023%	0.00%	0.00%	0.0745%
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 24				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley ABS Capital I Trust 2003-NC6
	Mortgage Pass-Through Certificates
	REO Report for July 25, 2003 Distribution
	REO Report for August 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 24				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley ABS Capital I Trust 2003-NC6
	Mortgage Pass-Through Certificates
	Foreclosure Report for July 25, 2003 Distribution
	Foreclosure Report for August 25, 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 24				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley ABS Capital I Trust 2003-NC6
	Mortgage Pass-Through Certificates
	Prepayment Report for July 25, 2003 Distribution
	Prepayment Report for August 25, 2003 Distribution
	Prepayment Report - Voluntary Prepayments
VOLUNTARY PREPAYMENTS						GROUP 2	GROUP 1	TOTAL
	Current
	Number of Paid in Full Loans					9	1015	1924
	Number of Repurchased Loans					-	-	-
	Total Number of Loans Prepaid in Full					9	1015	1924
	Paid in Full Balance					2,~~457~~690,~~331~~087.2627	12,~~746~~621,~~361~~932.3441	45,~~203~~312,~~692~~019.6068
	Repurchased Loans Balance					-	-	-
	Curtailments Amount					(320,~~858~~258.~~58)~~69	~~333~~48,~~582~~913.5787	~~329~~69,~~723~~172.9956
	Total Prepayment Amount					2,~~453~~710,~~472~~345.6896	2,~~079~~670,~~943~~846.9128	45,~~533~~381,~~416~~192.5924
	Cumulative
	Number of Paid in Full Loans					918	1025	1943
	Number of Repurchased Loans					-	-	-
	Total Number of Loans Prepaid in Full					918	1025	1943
	Paid in Full Balance					25,~~457~~147,~~331~~418.2653	14,~~746~~368,~~361~~293.3475	49,~~203~~515,~~692~~712.6028
	Repurchased Loans Balance					-	-	-
	Curtailments Amount					(316,~~858~~400.~~58)~~11	~~333~~382,~~582~~496.5744	~~329~~398,~~723~~896.9955
	Total Prepayment Amount					25,~~453~~163,~~472~~818.6864	24,~~079~~750,~~943~~790.9119	49,~~533~~914,~~416~~608.5983
SPACE INTENTIONALLY LEFT BLANK
Total Prepayments by Groups (in thousands of dollars)					Total Prepayments (in thousands of dollars)
				Page 16 of 24				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley ABS Capital I Trust 2003-NC6
	Mortgage Pass-Through Certificates
	Prepayment Report for July 25, 2003 Distribution
	Prepayment Report for August 25, 2003 Distribution
	Prepayment Report - Voluntary Prepayments
VOLUNTARY PREPAYMENT RATES						GROUP 2	GROUP 1	TOTAL
	SMM					1.0518%	0.3748%	0.5768%
	3 Months Avg SMM
	12 Months Avg SMM
	Avg SMM Since Cut-off					1.0512%	0.3742%	0.5763%
	CPR					1113.9324%	45.3659%	67.6489%
	3 Months Avg CPR
	12 Months Avg CPR
	Avg CPR Since Cut-off					1112.9359%	4.3698%	67.6427%
	PSA					~~1906~~1605.0108%	~~698~~678.8060%	~~1063~~956.4188%
	3 Months Avg PSA Approximation
	12 Months Avg PSA Approximation
	Avg PSA Since Cut-off Approximation					~~1906~~1735.0124%	~~698~~687.8058%	~~1063~~1003.4109%
	Group 1
	Group 2
CPR by Groups					Total CPR
PSA by Groups					Total PSA
				Page 17 of 24				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley ABS Capital I Trust 2003-NC6
	Mortgage Pass-Through Certificates
	Prepayment Report for July 25, 2003 Distribution
	Prepayment Report for August 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 24				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley ABS Capital I Trust 2003-NC6
	Mortgage Pass-Through Certificates
	Prepayment Detail Report for July 25, 2003 Distribution
	Prepayment Detail Report for August 25, 2003 Distribution
	Prepayment Detail Report - Loans Prepaid in Full During Current Distribution
SUMMARY						LOAN GROUP
Total Loan Count = 19						Loan Group 1 = Group 1 Group
Total Loan Count = 24						Loan Group 1 = Group 1 Group
Total Original Principal Balance = 4,209,734.00						Loan Group 2 = Group 2 Group
Total Original Principal Balance = 5,323,220.00						Loan Group 2 = Group 2 Group
Total Prepayment Amount = 4,203,692.60
Total Prepayment Amount = 5,312,019.68
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
320167372 1			171,100.00	170,887.64	Jun-10-03	8.400%	NJ - 81.48%	Paid Off - 360	Mar-19-03
320160120 1			248,000.00	247,590.53	Jul-31-03	9.000%	NJ - 72.30%	Paid Off - 360	Mar-12-03
320169436 1			95,000.00	94,943.76	Jun-23-03	11.250%	CT - 57.58%	Paid Off - 360	Mar-28-03
320170608 1			262,000.00	261,164.39	Jul-02-03	7.600%	MI - 81.88%	Paid Off - 360	Mar-07-03
320169683 1			252,000.00	251,472.69	Jun-24-03	6.850%	MD - 90.00%	Paid Off - 360	Mar-26-03
320171457 1			165,000.00	164,615.31	Jul-25-03	7.300%	CA - 60.00%	Paid Off - 360	Mar-27-03
320181324 1			159,300.00	159,091.94	Jun-18-03	8.150%	OR - 90.00%	Paid Off - 360	Mar-25-03
320181001 1			149,000.00	148,630.71	Jul-07-03	6.990%	CA - 49.34%	Paid Off - 360	Mar-13-03
320188634 1			74,000.00	73,851.99	Jun-06-03	5.990%	NV - 67.27%	Paid Off - 360	Mar-17-03
320181472 1			216,800.00	216,249.91	Jul-24-03	6.870%	IL - 80.00%	Paid Off - 360	Mar-10-03
320195035 1			108,000.00	107,822.06	Jun-26-03	6.990%	FL - 80.00%	Paid Off - 360	Mar-24-03
320183551 1			151,200.00	150,889.35	Jul-15-03	9.350%	CA - 80.00%	Paid Off - 360	Mar-03-03
320198211 1			196,200.00	195,899.00	Jun-24-03	7.350%	FL - 90.00%	Paid Off - 360	Mar-28-03
320185135 1			141,600.00	141,442.07	Jul-15-03	10.850%	MN - 80.00%	Paid Off - 360	Mar-17-03
320208929 1			276,000.00	275,568.08	Jun-09-03	7.250%	MA - 80.00%	Paid Off - 360	Mar-28-03
320189376 1			205,600.00	205,300.56	Jul-31-03	9.600%	ME - 80.00%	Paid Off - 360	Mar-31-03
320212574 1			122,200.00	122,109.55	Jun-23-03	10.850%	MN - 65.00%	Paid Off - 360	Mar-19-03
320197478 1			166,250.00	165,939.41	Jul-23-03	8.400%	CA - 95.00%	Paid Off - 360	Mar-14-03
320220247 1			295,200.00	294,714.63	Jun-11-03	7.000%	CA - 80.00%	Paid Off - 360	Mar-31-03
320199862 1			50,150.00	50,056.28	Jul-21-03	8.400%	MI - 85.00%	Paid Off - 360	Mar-21-03
320192768 2			380,500.00	379,939.08	Jun-16-03	7.550%	CA - 84.56%	Paid Off - 360	Mar-31-03
320202740 1			229,500.00	229,030.22	Jul-29-03	7.950%	CA - 90.00%	Paid Off - 360	Mar-26-03
320201874 2			49,999.00	49,897.26	Jun-19-03	11.990%	VA - 20.00%	Paid Off - 240	Mar-26-03
320203383 1			223,930.00	223,433.28	Jul-02-03	7.550%	CO - 69.98%	Paid Off - 360	Mar-31-03
320202831 2			45,600.00	45,476.24	Jun-16-03	9.800%	TX - 20.00%	Paid Off - 240	Mar-28-03
320206246 1			223,600.00	223,600.00	Aug-01-03	4.875%	CA - 80.00%	Paid Off - 300	Mar-28-03
320207319 2			375,000.00	374,609.68	Jun-06-03	9.250%	IL - 75.00%	Paid Off - 360	Mar-31-03
320211824 1			57,400.00	57,316.82	Jul-02-03	10.990%	MI - 70.00%	Paid Off - 360	Mar-05-03
320208952 2			69,000.00	68,839.62	Jun-06-03	10.990%	MA - 20.00%	Paid Off - 240	Mar-28-03
320219967 1			137,000.00	136,673.57	Jul-22-03	7.190%	MN - 32.78%	Paid Off - 360	Mar-31-03
320209513 2			30,385.00	30,298.56	Jun-12-03	10.990%	CO - 25.00%	Paid Off - 240	Mar-27-03
320160799 2			326,250.00	325,459.08	Jul-11-03	8.550%	CA - 75.00%	Paid Off - 360	Feb-28-03
320212046 2			633,250.00	632,850.00	Jun-24-03	4.920%	CA - 85.00%	Paid Off - 300	Mar-17-03
320162258 2			499,000.00	497,300.00	Jul-01-03	7.990%	CA - 84.86%	Paid Off - 360	Feb-05-03
320215007 2			520,000.00	518,891.84	Jun-16-03	7.750%	CA - 80.00%	Paid Off - 360	Mar-04-03
320166119 2			97,500.00	97,248.74	Jul-07-03	8.250%	MO - 75.00%	Paid Off - 360	Mar-19-03
320218209 2			357,000.00	356,528.98	Jun-26-03	8.100%	FL - 85.00%	Paid Off - 360	Mar-26-03
320167620 2			310,000.00	309,390.63	Jul-30-03	8.150%	NY - 44.29%	Paid Off - 360	Mar-19-03
320179088 2			33,600.00	33,493.43	Jul-21-03	11.740%	FL - 20.00%	Paid Off - 240	Mar-10-03
320197510 2			345,000.00	344,138.22	Jul-01-03	6.950%	CA - 75.00%	Paid Off - 360	Mar-17-03
320200405 2			499,000.00	497,947.20	Jul-01-03	7.800%	CA - 77.97%	Paid Off - 360	Mar-19-03
320205560 2			454,400.00	453,901.00	Jul-16-03	9.350%	MA - 80.00%	Paid Off - 360	Mar-25-03
320211972 2			131,440.00	131,208.97	Jul-24-03	8.750%	NJ - 84.80%	Paid Off - 360	Mar-24-03
					Page 19 of 24				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley ABS Capital I Trust 2003-NC6
	Mortgage Pass-Through Certificates
	Realized Loss Report for July 25, 2003 Distribution
	Realized Loss Report for August 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 20 of 24				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley ABS Capital I Trust 2003-NC6
	Mortgage Pass-Through Certificates
	Realized Loss Report for July 25, 2003 Distribution
	Realized Loss Report for August 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
	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 24				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley ABS Capital I Trust 2003-NC6
	Mortgage Pass-Through Certificates
	Realized Loss Report for July 25, 2003 Distribution
	Realized Loss Report for August 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 22 of 24				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley ABS Capital I Trust 2003-NC6
	Mortgage Pass-Through Certificates
	Realized Loss Detail Report for July 25, 2003 Distribution
	Realized Loss Detail Report for August 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
SPACE INTENTIONALLY LEFT BLANK
					Page 23 of 24				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley ABS Capital I Trust 2003-NC6
	Mortgage Pass-Through Certificates
	Triggers, Adj. Rate Cert. and Miscellaneous Report for July 25, 2003 Distribution
	Triggers, Adj. Rate Cert. and Miscellaneous Report for August 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))							0.0001%
	(x) Rolling 3-month avg. of 60+ Day Delinq. Loans							0107,181.0095
	(y) Stated Principal Balance							~~789~~783,~~299~~312,~~278~~785.4103
	(B) 40% of Sr. Enhancement Percentage							7.2227%
	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							794,415,133.28
	(B) Applicable Percentage							100.00%
	Senior Enhancement Percentage (Prior)							19.0012%
ADJUSTABLE RATE CERTIFICATE INFORMATION						GROUP 2	GROUP 1	TOTAL
SPACE INTENTIONALLY LEFT BLANK
ADDITIONAL INFORMATION						GROUP 2	GROUP 1	TOTAL
	Basis Risk Carry Forward Amount							0.00
				Page 24 of 24				© COPYRIGHT 2003 Deutsche Bank

Filing Compare · MORGAN STANLEY ABS CAPITAL I TRUST 2003- NC6