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): ~~September~~October 2527, 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 ~~September~~October 2527, 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: Oct 0129, 2003 By: /s/ Katherine M. Wannenmacher Katherine M. Wannenmacher Vice President EXHIBIT INDEX DOCUMENT Monthly Remittance Statement to the Certificateholders dated as of ~~September~~October 2527, 2003.

	Morgan Stanley Dean Witter Capital I Inc. 2003-NC2
	Mortgage Pass-Through Certificates
	September 25, 2003 Distribution
	October 27, 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				17
			10.	Prepayment Detail Report				20
			11.	Realized Loss Report				2324
			12.	Realized Loss Detail Report				2627
			13.	Triggers, Adj. Rate Cert. and Miscellaneous Report				2728
				Total Number of Pages				2728
			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:		Midstate					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: September 25, 2003
								Distribution Date: October 27, 2003
	Underwriter(s):		Utendahl Capital Partners, L.P. Lead Underwriter					Record Date: ~~September~~October 24, 2003
			Blaylock & Partners, L.P. Underwriter					~~August~~September 2930, 2003
			Utendahl Capital Partners, L.P. Underwriter
						Page 1 of 27					© COPYRIGHT 2003 Deutsche Bank
						Page 1 of 28					© 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 September 25, 2003 Distribution
	Certificate Payment Report for October 27, 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			~~487~~468,~~310~~938,~~819~~477.7990	~~692~~691,~~387~~944.4678	1822,~~372~~370,~~341~~096.8964	1923,~~064~~062,~~729~~041.3542	-	-	~~468~~446,~~938~~568,~~477~~381.9026
A-2	FLT, STEP	185,000,000.00			~~167~~161,~~716~~835,~~290~~971.4078	212,~~300~~904.8721	56,~~880~~701,~~318~~746.6295	6,~~092~~914,~~619~~651.4916	-	-	~~161~~155,~~835~~134,~~971~~224.7883
A-3	FLT, STEP	146,333,000.00			~~132~~128,~~661~~010,~~772~~504.5610	~~175~~176,~~924~~370.2503	45,~~651~~301,~~268~~009.4639	45,~~827~~477,~~192~~379.7142	-	-	~~128~~122,~~010~~709,~~504~~494.1071
M-1	MEZ, FLT	70,375,000.00			70,375,000.00	~~121~~126,~~807~~362.4022	-	~~121~~126,~~807~~362.4022	-	-	70,375,000.00
M-2	MEZ, FLT	56,840,000.00			56,840,000.00	~~152~~157,~~220~~636.6827	-	~~152~~157,~~220~~636.6827	-	-	56,840,000.00
M-3	MEZ, FLT	18,947,000.00			18,947,000.00	5355,~~188~~072.4461	-	5355,~~188~~072.4461	-	-	18,947,000.00
B-1	SUB, FLT	25,985,000.00			25,985,000.00	~~108~~112,~~747~~486.2318	-	~~108~~112,~~747~~486.2318	-	-	25,985,000.00
B-2	SUB, FLT	14,075,000.00			14,075,000.00	5860,~~903~~929.8811	-	5860,~~903~~929.8811	-	-	14,075,000.00
X	EXE	19,488,538.00			19,488,303.4039	4,~~377~~185,~~212~~562.3183	~~0.01~~-	4,~~377~~185,~~212~~562.3283	-	-	19,488,303.39
P	SUB	-			-	~~593~~685,~~170~~672.0796	-	~~593~~685,~~170~~672.0796	-	-	-
UT-R	R	-			-	-	-	-	-	-	-
Total		1,082,683,538.00			~~993~~964,~~399~~495,~~186~~257.1517	6,~~545~~464,~~862~~941.5920	2834,~~903~~372,~~928~~852.98	3540,~~449~~837,~~791~~794.5718	-	-	~~964~~930,~~495~~122,~~257~~404.1719
	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	0809/25/03	0910/2426/03		A-Act/360	61746WB41	545,640,000.00	~~893~~859.~~099516~~428337	1.~~268946~~268134	3340.~~671179~~997905	3442.~~940124~~266039	~~859~~818.~~428337~~430433
A-2	0809/25/03	0910/2426/03		A-Act/360	61746WA67	185,000,000.00	~~906~~874.~~574543~~789037	1.~~147572~~150834	3136.~~785506~~225659	3237.~~933078~~376493	~~874~~838.~~789037~~563377
A-3	0809/25/03	0910/2426/03		A-Act/360	61746WB66	146,333,000.00	~~906~~874.~~574543~~789037	1.~~202219~~205265	3136.~~785506~~225659	3237.~~987725~~430924	~~874~~838.~~789037~~563377
M-1	0809/25/03	0910/2426/03		A-Act/360	61746WA75	70,375,000.00	1,000.000000	1.~~730833~~795556	-	1.~~730833~~795556	1,000.000000
M-2	0809/25/03	0910/2426/03		A-Act/360	61746WA83	56,840,000.00	1,000.000000	2.~~678056~~773333	-	2.~~678056~~773333	1,000.000000
M-3	0809/25/03	0910/2426/03		A-Act/360	61746WA91	18,947,000.00	1,000.000000	2.~~807222~~906666	-	2.~~807222~~906666	1,000.000000
B-1	0809/25/03	0910/2426/03		A-Act/360	61746WB25	25,985,000.00	1,000.000000	4.~~185000~~328889	-	4.~~185000~~328889	1,000.000000
B-2	0809/25/03	0910/2426/03		A-Act/360	61746WB33	14,075,000.00	1,000.000000	4.~~185000~~328889	-	4.~~185000~~328889	1,000.000000
X	0809/25/03	0910/2426/03		A-Act/360		1,102,172,076.28	~~918~~892.~~992153~~767637	3.~~971442~~797558	~~0.000000~~-	3.~~971442~~797558	~~892~~861.~~767637~~581171
P				-		-	-	-	-	-	-
UT-R				-		-	-	-	-	-	-
							Page 2 of 27				© COPYRIGHT 2003 Deutsche Bank
							Page 2 of 28				© 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 September 25, 2003 Distribution
	Certificate Payment Report for October 27, 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		56,~~406~~097,~~044~~989.5230		7394,~~113~~984,~~345~~297.2759	34,~~588~~087,~~176~~321.8315	7699,~~701~~071,~~522~~618.1074	82105,~~107~~169,~~566~~608.6204	-	-	~~468~~446,~~938~~568,~~477~~381.9026
A-2	185,000,000.00		1,~~645~~858,~~471~~375.0728		2128,~~960~~512,~~003~~214.6643	1,~~204~~353,~~024~~560.5674	2329,~~164~~865,~~028~~775.2217	2431,~~809~~724,~~499~~150.2945	-	-	~~161~~155,~~835~~134,~~971~~224.7883
A-3	146,333,000.00		1,~~359~~535,~~237~~607.3841		1722,~~370~~552,~~125~~853.4937	~~952~~1,~~370~~070,651.4191	1823,~~322~~623,~~495~~505.9029	1925,~~681~~159,~~733~~112.2870	-	-	~~128~~122,~~010~~709,~~504~~494.1071
M-1	70,375,000.00		~~872~~999,~~872~~234.3759		0.00	-	-	~~872~~999,~~872~~234.3759	-	-	70,375,000.00
M-2	56,840,000.00		1,~~071~~229,~~455~~091.7198		-	-	-	1,~~071~~229,~~455~~091.7198	-	-	56,840,000.00
M-3	18,947,000.00		~~373~~428,~~815~~888.7637		-	-	-	~~373~~428,~~815~~888.7637	-	-	18,947,000.00
B-1	25,985,000.00		~~756~~868,~~353~~840.8806		-	-	-	~~756~~868,~~353~~840.8806	-	-	25,985,000.00
B-2	14,075,000.00		~~409~~470,~~685~~614.6273		-	-	-	~~409~~470,~~685~~614.6273	-	-	14,075,000.00
X	19,488,538.00		3236,~~104~~290,~~689~~252.4629		195.30	39.31	234.61	3236,~~104~~290,~~924~~486.0790	-	-	19,488,303.39
P	-		2,~~193~~879,~~509~~182.5551		-	-	-	2,~~193~~879,~~509~~182.5551	-	-	-
UT-R	-		-		-	-	-	-	-	-	-
Total	1,082,683,538.00		4652,~~193~~658,~~135~~076.3252		~~112~~146,~~443~~049,~~669~~560.7269	56,~~744~~511,~~611~~573.1112	~~118~~152,~~188~~561,~~280~~133.8381	~~164~~205,~~381~~219,~~416~~210.1533	-	-	~~964~~930,~~495~~122,~~257~~404.1719
	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.~~65000~~66000%	~~487~~468,~~310~~938,~~819~~477.7990			~~692~~691,~~387~~944.4678	-	-	-	~~692~~691,~~387~~944.4678	~~692~~691,~~387~~944.4678	-
A-2	1.~~47000~~48000%	~~167~~161,~~716~~835,~~290~~971.4078			212,~~300~~904.8721	-	-	-	212,~~300~~904.8721	212,~~300~~904.8721	-
A-3	1.~~54000~~55000%	~~132~~128,~~661~~010,~~772~~504.5610			~~175~~176,~~924~~370.2503	-	-	-	~~175~~176,~~924~~370.2503	~~175~~176,~~924~~370.2503	-
M-1	2.~~01000~~02000%	70,375,000.00			~~121~~126,~~807~~362.4022	-	-	-	~~121~~126,~~807~~362.4022	~~121~~126,~~807~~362.4022	-
M-2	3.~~11000~~12000%	56,840,000.00			~~152~~157,~~220~~636.6827	-	-	-	~~152~~157,~~220~~636.6827	~~152~~157,~~220~~636.6827	-
M-3	3.~~26000~~27000%	18,947,000.00			5355,~~188~~072.4461	-	-	-	5355,~~188~~072.4461	5355,~~188~~072.4461	-
B-1	4.~~86000~~87000%	25,985,000.00			~~108~~112,~~747~~486.2318	-	-	-	~~108~~112,~~747~~486.2318	~~108~~112,~~747~~486.2318	-
B-2	4.~~86000~~87000%	14,075,000.00			5860,~~903~~929.8811	-	-	-	5860,~~903~~929.8811	5860,~~903~~929.8811	-
X	54.~~11699~~88210%	1983,~~012~~983,~~887,489~~560.6063			4,~~377~~185,~~212~~562.3183	-	-	-	4,~~377~~185,~~212~~562.3183	4,~~377~~185,~~212~~562.3183	-
P		-			~~593~~685,~~170~~672.0796	-	-	-	~~593~~685,~~170~~672.0796	~~593~~685,~~170~~672.0796	-
UT-R		-			-	-	-	-	-	-	-
Total		1,~~986~~928,~~798~~990,~~372~~514.3541			6,~~545~~464,~~862~~941.5920	-	-	-	6,~~545~~464,~~862~~941.5920	6,~~545~~464,~~862~~941.5920	-
							Page 3 of 27				© COPYRIGHT 2003 Deutsche Bank
							Page 3 of 28				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. 2003-NC2
	Mortgage Pass-Through Certificates
	Collection Account Report for September 25, 2003 Distribution
	Collection Account Report for October 27, 2003 Distribution
	Collection Account Report
SUMMARY						GROUP 2	GROUP 1	TOTAL
	Principal Collections					1012,~~531~~002,~~587~~756.0834	1822,~~372~~370,~~341~~096.9064	2834,~~903~~372,~~928~~852.98
	Principal Other Accounts					0.00	0.00	0.00
	TOTAL NET PRINCIPAL					1012,~~531~~002,~~587~~756.0834	1822,~~372~~370,~~341~~096.9064	2834,~~903~~372,~~928~~852.98
	Interest Collections					2,~~349~~286,~~039~~526.7076	3,~~664~~558,~~766~~216.4271	65,~~013~~844,~~806~~743.1247
	Interest Withdrawals					0.00	0.00	0.00
	Interest Other Accounts					0.00	0.00	0.00
	Interest Fees					(30,~~817~~993.9748)	(3034,~~295~~481.6375)	(6165,~~113~~475.6023)
	TOTAL NET INTEREST					2,~~318~~255,~~221~~533.7328	3,~~634~~523,~~470~~734.7996	5,~~952~~779,~~692~~268.5224
	TOTAL PRINCIPAL & INTEREST DISTRIBUTABLE					1214,~~849~~258,~~808~~289.8162	2225,~~006~~893,~~812~~831.6960	3440,~~856~~152,~~621~~121.5022
	Prepayment Penalties Collected							~~593~~685,~~170~~672.0796
	TOTAL AVAILABLE FUNDS FOR DISTRIBUTION							3540,~~449~~837,~~791~~794.5718
PRINCIPAL - COLLECTIONS						GROUP 2	GROUP 1	TOTAL
	Scheduled Principal Received					~~306~~300,~~733~~257.9567	~~479~~466,~~971~~704.3334	~~786~~766,~~705~~962.2801
	Prepayments In Full					1011,~~184~~666,~~592~~274.8613	1721,~~700~~845,~~084~~839.1222	2733,~~884~~512,~~676~~113.9835
	Curtailments					4036,~~260~~224.2754	~~192~~57,~~286~~553.4508	~~232~~93,~~546~~777.7262
	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					(~~275~~268,~~144~~549.6165)	(~~437~~419,~~649~~102.1211)	(~~712~~687,~~793~~651.7376)
	Advanced Principal					~~275~~268,~~144~~549.6165	~~437~~419,~~649~~102.1211	~~712~~687,~~793~~651.7376
	TOTAL PRINCIPAL COLLECTED					1012,~~531~~002,~~587~~756.0834	1822,~~372~~370,~~341~~096.9064	2834,~~903~~372,~~928~~852.98
				Page 4 of 27				© COPYRIGHT 2003 Deutsche Bank
				Page 4 of 28				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. 2003-NC2
	Mortgage Pass-Through Certificates
	Collection Account Report for September 25, 2003 Distribution
	Collection Account Report for October 27, 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,~~486~~419,~~965~~506.3522	3,~~893~~774,~~152~~692.2033	6,~~380~~194,~~117~~198.55
	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,~~186~~107,~~455~~141.6528)	(3,~~477~~291,~~263~~614.9843)	(5,~~663~~398,~~719~~755.6371)
	Interest Advanced					21,~~048~~974,~~530~~161.0082	3,~~248~~075,~~878~~138.2081	5,~~297~~049,~~408~~300.2063
	TOTAL INTEREST COLLECTED					2,~~349~~286,~~039~~526.7076	3,~~664~~558,~~766~~216.4271	65,~~013~~844,~~806~~743.1247
				Page 5 of 27				© COPYRIGHT 2003 Deutsche Bank
				Page 5 of 28				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. 2003-NC2
	Mortgage Pass-Through Certificates
	Collection Account Report for September 25, 2003 Distribution
	Collection Account Report for October 27, 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					1920,~~616~~174.6466	2732,~~988~~243.2628	4752,~~604~~417.9094
	Class A-2 Certificate Insurance Premium					9,~~783~~440.4543		9,~~783~~440.4543
	Trustee Fees					1,~~417~~378.8839	2,~~307~~238.3747	3,~~725~~616.2586
	TOTAL INTEREST OTHER FEES					30,~~817~~993.9748	3034,~~295~~481.6375	6165,~~113~~475.6023
				Page 6 of 27				© COPYRIGHT 2003 Deutsche Bank
				Page 6 of 28				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. 2003-NC2
	Mortgage Pass-Through Certificates
	Credit Enhancement Report for September 25, 2003 Distribution
	Credit Enhancement Report for October 27, 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							2122.3312%
				Page 7 of 27				© COPYRIGHT 2003 Deutsche Bank
				Page 7 of 28				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. 2003-NC2
	Mortgage Pass-Through Certificates
	Collateral Report for September 25, 2003 Distribution
	Collateral Report for October 27, 2003 Distribution
	Collateral Report
COLLATERAL						GROUP 2	GROUP 1	TOTAL
	Loan Count:
	Original					2260	4383	6643
	Prior					2,~~140~~097	43,~~080~~977	6,~~220~~074
	Prefunding					-	-	-
	Scheduled Paid Offs					-	-	-
	Full Voluntary Prepayments					(4362)	(~~103~~121)	(~~146~~183)
	Repurchases					-	-	-
	Liquidations					-	-	-
	Current					2,~~097~~035	3,~~977~~856	65,~~074~~891
	Principal Balance:
	Original					409,051,965.91	673,628,798.21	1,082,680,764.12
	Prior					~~378~~367,~~101~~569,~~478~~891.7770	~~615~~596,~~297~~925,~~707~~365.6777	~~993~~964,~~399~~495,~~186~~257.4447
	Prefunding					-	-	-
	Scheduled Principal					(~~306~~300,~~733~~257.9567)	(~~479~~466,~~971~~704.3334)	(~~786~~766,~~705~~962.2801)
	Partial and Full Voluntary Prepayments					(1011,~~224~~702,~~853~~498.1367)	(1721,~~892~~903,~~370~~392.5730)	(2833,~~117~~605,~~223~~890.7097)
	Repurchases					-	-	-
	Liquidations					-	-	-
	Current					~~367~~355,~~569~~567,~~891~~135.7036	~~596~~574,~~925~~555,~~365~~269.7713	~~964~~930,~~495~~122,~~257~~404.4749
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 27				© COPYRIGHT 2003 Deutsche Bank
				Page 8 of 28				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. 2003-NC2
	Mortgage Pass-Through Certificates
	Collateral Report for September 25, 2003 Distribution
	Collateral Report for October 27, 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.~~886998~~893009%	7.~~593341~~592719%	7.~~704057~~707014%
	Weighted Average Coupon Current					7.~~893009~~898926%	7.~~592719~~588270%	7.~~707014~~706661%
	Weighted Average Months to Maturity Original					344	354	350
	Weighted Average Months to Maturity Prior					~~338~~337	~~348~~347	~~344~~343
	Weighted Average Months to Maturity Current					~~337~~336	~~347~~346	~~343~~342
	Weighted Avg Remaining Amortization Term Original					343	353	349
	Weighted Avg Remaining Amortization Term Prior					~~338~~337	~~348~~347	~~344~~343
	Weighted Avg Remaining Amortization Term Current					~~337~~336	~~347~~346	~~343~~342
	Weighted Average Seasoning Original					3.40	3.34	3.36
	Weighted Average Seasoning Prior					89.3938	89.33	89.35
	Weighted Average Seasoning Current					910.3839	910.33	910.35
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 27				© COPYRIGHT 2003 Deutsche Bank
				Page 9 of 28				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. 2003-NC2
	Mortgage Pass-Through Certificates
	Collateral Report for September 25, 2003 Distribution
	Collateral Report for October 27, 2003 Distribution
	Collateral Report
ARM CHARACTERISTICS						GROUP 2	GROUP 1	TOTAL
	Weighted Average Margin Original					3.419%	5.495%
	Weighted Average Margin Prior					3.~~375~~362%	5.~~479~~490%
	Weighted Average Margin Current					3.~~362~~334%	5.~~490~~488%
	Weighted Average Max Rate Original					8.155%	12.463%
	Weighted Average Max Rate Prior					8.~~040~~004%	12.~~412~~442%
	Weighted Average Max Rate Current					87.~~004~~910%	12.~~442~~441%
	Weighted Average Min Rate Original					4.222%	6.471%
	Weighted Average Min Rate Prior					4.~~158~~144%	6.~~445~~459%
	Weighted Average Min Rate Current					4.~~144~~106%	6.~~459~~456%
	Weighted Average Cap Up Original					0.884%	1.299%
	Weighted Average Cap Up Prior					0.~~873~~869%	1.~~294~~298%
	Weighted Average Cap Up Current					0.~~869~~856%	1.298%
	Weighted Average Cap Down Original					0.884%	1.299%
	Weighted Average Cap Down Prior					0.~~873~~869%	1.~~294~~298%
	Weighted Average Cap Down Current					0.~~869~~856%	1.298%
Note: Original information refers to deal issue.
SERVICING FEES / ADVANCES						GROUP 2	GROUP 1	TOTAL
	Current Servicing Fees					1920,~~616~~174.6466	2732,~~988~~243.2628	4752,~~604~~417.9094
	Delinquent Servicing Fees					~~137~~132,~~925~~979.6447	~~228~~216,~~385~~475.7862	~~366~~349,~~311~~455.4209
	TOTAL SERVICING FEES					~~157~~153,~~542~~154.2813	~~256~~248,~~374~~718.0490	~~413~~401,~~916~~873.3203
	Prepayment Interest Shortfall					2734,~~376~~315.0280	5564,~~202~~087.5702	8298,~~578~~402.5982
	Compensating Interest					(2734,~~376~~315.0280)	(5564,~~202~~087.5702)	(8298,~~578~~402.5982)
	Delinquent Servicing Fees					(~~137~~132,~~925~~979.6447)	(~~228~~216,~~385~~475.7862)	(~~366~~349,~~311~~455.4209)
	COLLECTED SERVICING FEES					1920,~~616~~174.6466	2732,~~988~~243.2628	4752,~~604~~417.9094
	Aggregate Advances with respect to this Distribution					2,~~323~~242,~~674~~711.6147	3,~~686~~494,~~527~~240.3292	65,~~010~~736,~~201~~952.9339
	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,~~377~~185,~~212~~562.3183
	Ending Pool Stated Principal Balance					~~367~~355,~~569~~567,~~891~~135.7036	~~596~~574,~~925~~555,~~365~~269.7713	~~964~~930,~~495~~122,~~257~~404.4749
				Page 10 of 27				© COPYRIGHT 2003 Deutsche Bank
				Page 10 of 28				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. 2003-NC2
	Mortgage Pass-Through Certificates
	Delinquency Report for September 25, 2003 Distribution
	Delinquency Report for October 27, 2003 Distribution
	Delinquency Report - Total
				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			2023,~~395~~874,~~541~~359.7249	83,~~600~~918,~~903~~028.2969	~~160~~954,~~353~~752.6311	2928,~~156~~747,~~798~~140.6429
		% Balance			2.1157%	0.8942%	0.0210%	3.0209%
		# Loans			~~139~~159	5428	27	~~195~~194
		% # Loans			2.2970%	0.8948%	0.0312%	3.2129%
FORECLOSURE		Balance		1898,~~418,093~~051.2023	~~781~~669,~~289~~384.3421	~~668~~2,~~322~~095,635.0631	1617,~~150~~933,~~083~~845.5341	1921,~~017~~596,~~788~~916.1316
		% Balance		0.1510%	0.0807%	0.0723%	1.6793%	12.9732%
		# Loans		95	3	514	~~113~~129	~~130~~151
		% # Loans		0.1508%	0.05%	0.0824%	12.8619%	2.1456%
BANKRUPTCY		Balance		45,~~840~~203,~~005~~711.3302	~~501~~125,~~095~~285.8765	80513,~~544~~566.01	1,~~813~~837,~~592~~362.5388	7,~~235~~679,~~237~~925.7456
		% Balance		0.5056%	0.0501%	0.0106%	0.1920%	0.7583%
		# Loans		3438	41	15	1213	5157
		% # Loans		0.5665%	0.0702%	0.0208%	0.2022%	0.8497%
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		6,~~258~~101,~~098~~762.5325	2124,~~677~~669,~~926~~029.9335	96,~~349~~527,~~769~~230.3601	1820,~~124~~725,~~029~~960.6940	5558,~~409~~023,~~824~~982.5101
		% Balance		0.6566%	2.2565%	0.9770%	12.8823%	56.7424%
		# Loans		43	~~146~~163	6047	~~127~~149	~~376~~402
		% # Loans		0.7173%	2.4077%	0.9980%	2.0953%	6.1982%
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 27				© COPYRIGHT 2003 Deutsche Bank
				Page 11 of 28				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. 2003-NC2
	Mortgage Pass-Through Certificates
	Delinquency Report for September 25, 2003 Distribution
	Delinquency Report for October 27, 2003 Distribution
	Delinquency Report - Group 1 Group
				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			1214,~~894~~278,~~751~~719.5945	42,~~583~~313,~~206~~446.5982	~~116~~779,~~601~~545.4164	17,~~594~~371,~~559~~711.5991
		% Balance			2.1649%	0.7740%	0.0214%	23.9502%
		# Loans			8993	3317	14	~~123~~114
		% # Loans			2.2441%	0.8344%	0.0310%	32.0996%
FORECLOSURE		Balance		1664,~~258,946~~772.3490	-85,515.91	~~592~~1,~~192~~292,223.3802	910,~~480~~003,~~390~~145.9532	1112,~~331~~045,~~529~~657.6715
		% Balance		0.2112%	0.0001%	0.1022%	1.5974%	12.9010%
		# Loans		83	-1	49	6474	7687
		% # Loans		0.2008%	0.0003%	0.1023%	1.6192%	12.9126%
BANKRUPTCY		Balance		3,~~436~~817,~~373~~659.4881	~~448,825.18~~-	80414,~~544~~281.0196	1,~~406~~490,~~804~~271.2472	5,~~372~~722,~~546~~213.9149
		% Balance		0.5866%	0.0800%	0.0107%	0.2426%	01.9000%
		# Loans		2428	3-	13	9	3740
		% # Loans		0.6073%	0.0800%	0.0308%	0.23%	01.9304%
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		4,~~695~~482,~~319~~432.8271	1314,~~343~~364,~~576~~235.7736	54,~~255~~019,~~942~~951.9880	1112,~~003~~272,~~796~~962.6068	3435,~~298~~139,~~636~~582.1755
		% Balance		0.7978%	2.2450%	0.8870%	12.8414%	56.7512%
		# Loans		3231	9294	3829	7487	~~236~~241
		% # Loans		0.80%	2.3144%	0.9675%	12.8626%	56.9325%
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 27				© COPYRIGHT 2003 Deutsche Bank
				Page 12 of 28				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. 2003-NC2
	Mortgage Pass-Through Certificates
	Delinquency Report for September 25, 2003 Distribution
	Delinquency Report for October 27, 2003 Distribution
	Delinquency Report - Group 2 Group
				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			79,~~500~~595,~~790~~640.1304	41,~~017~~604,~~696~~581.7087	43175,~~752~~206.2247	11,~~562~~375,~~239~~428.0538
		% Balance			2.0470%	10.0945%	0.0105%	3.1520%
		# Loans			5066	2111	13	7280
		% # Loans			23.3824%	10.0054%	0.0515%	3.4393%
FORECLOSURE		Balance		~~159~~233,~~146~~278.8633	~~781~~583,~~289~~868.3430	76803,~~129~~412.6829	67,~~669~~930,~~692~~700.5809	79,~~686~~551,~~258~~259.4601
		% Balance		0.0407%	0.2116%	0.0223%	12.8123%	2.0969%
		# Loans		12	32	15	4955	5464
		% # Loans		0.0510%	0.1410%	0.0525%	2.3470%	23.5814%
BANKRUPTCY		Balance		1,~~403~~386,~~631~~051.8521	52125,~~270~~285.6965	-99,284.05	~~406~~347,~~788~~091.2916	1,~~862~~957,~~690~~712.8307
		% Balance		0.3839%	0.0104%	0.0003%	0.1110%	0.5155%
		# Loans		10	1	-2	34	1417
		% # Loans		0.4849%	0.05%	0.0010%	0.1420%	0.6784%
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		1,~~562~~619,~~778~~329.7154	810,~~334~~304,~~350~~793.1699	42,~~093~~507,~~826~~278.3821	78,~~120~~452,~~233~~997.0972	2122,~~111~~884,~~188~~399.3446
		% Balance		0.4346%	2.2790%	10.1171%	12.9438%	56.7444%
		# Loans		1112	5469	2218	5362	~~140~~161
		% # Loans		0.5259%	23.5839%	10.0588%	23.5305%	67.6891%
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 27				© COPYRIGHT 2003 Deutsche Bank
				Page 13 of 28				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. 2003-NC2
	Mortgage Pass-Through Certificates
	REO Report for September 25, 2003 Distribution
	REO Report for October 27, 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 27				© COPYRIGHT 2003 Deutsche Bank
				Page 14 of 28				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. 2003-NC2
	Mortgage Pass-Through Certificates
	Foreclosure Report for September 25, 2003 Distribution
	Foreclosure Report for October 27, 2003 Distribution
	Foreclosure Report - Mortgage Loans that Become Foreclosure During Current Distribution
SUMMARY				LOAN GROUP
Total Loan Count = 61				Loan Group 1 = Group 1 Group
Total Loan Count = 50				Loan Group 1 = Group 1 Group
Total Original Principal Balance = 8,847,974.00				Loan Group 2 = Group 2 Group
Total Original Principal Balance = 8,198,116.00				Loan Group 2 = Group 2 Group
Total Current Balance = 8,503,014.33
Total Current Balance = 7,087,862.67
Loan Number		Original	Stated		Current	State &
&		Principal	Principal	Paid to	Note	LTV at	Original	Origination
Loan Group		Balance	Balance	Date	Rate	Origination	Term	Date
707916 1		122,200.00	121,575.68	May-01-03	9.490%	VA - 59.32%	360	Nov-04-02
694240 1		100,000.00	99,374.76	Mar-01-03	8.990%	TN - 64.52%	360	Oct-02-02
726085 1		250,000.00	248,355.56	Apr-01-03	8.250%	CA - 73.31%	360	Nov-12-02
710098 1		206,000.00	204,711.02	May-01-03	8.990%	VA - 78.63%	360	Nov-04-02
726580 1		192,000.00	190,799.10	Apr-01-03	8.500%	CO - 80.00%	360	Oct-30-02
712990 1		169,750.00	168,688.72	May-01-03	8.990%	OR - 87.95%	360	Nov-05-02
726782 1		77,300.00	76,791.55	Mar-01-03	8.250%	OH - 84.95%	360	Nov-05-02
715353 1		195,500.00	194,372.46	May-01-03	8.900%	CO - 85.00%	360	Nov-12-02
727765 1		127,200.00	126,409.41	Feb-01-03	7.990%	OH - 80.00%	360	Nov-14-02
715378 1		93,000.00	92,125.87	Jun-01-03	6.950%	CA - 68.89%	360	Oct-24-02
727816 1		90,400.00	89,889.20	Apr-01-03	9.000%	TN - 80.00%	360	Oct-30-02
727518 1		167,342.00	166,186.47	May-01-03	8.500%	MN - 66.94%	360	Oct-29-02
728098 1		165,000.00	164,157.09	Apr-01-03	9.490%	FL - 75.00%	360	Oct-24-02
728840 1		68,000.00	67,503.17	May-01-03	8.500%	MO - 85.00%	360	Oct-29-02
730119 1		195,500.00	193,773.53	Apr-01-03	6.750%	CA - 85.00%	360	Oct-31-02
729257 1		152,000.00	150,820.73	May-01-03	7.500%	UT - 89.41%	360	Nov-27-02
731929 1		280,920.00	279,329.41	May-01-03	8.990%	NV - 90.00%	360	Nov-05-02
729400 1		247,350.00	245,803.58	May-01-03	8.990%	CO - 85.00%	360	Oct-30-02
732041 1		181,350.00	180,330.69	Jul-01-03	8.490%	SD - 90.00%	360	Nov-27-02
730453 1		81,600.00	81,137.94	May-01-03	8.990%	IL - 80.00%	360	Nov-27-02
734956 1		42,500.00	42,259.81	Apr-01-03	9.000%	TN - 85.00%	360	Oct-31-02
730624 1		189,000.00	187,694.93	Aug-01-03	8.500%	CA - 75.00%	360	Oct-31-02
735251 1		272,000.00	270,309.29	Apr-01-03	7.990%	NM - 85.00%	360	Nov-25-02
730980 1		103,200.00	102,556.03	May-01-03	9.000%	UT - 80.00%	360	Oct-31-02
736144 1		86,175.00	85,577.84	May-01-03	7.990%	NM - 75.00%	360	Oct-31-02
732385 1		109,349.00	108,700.79	Jun-01-03	9.250%	UT - 85.00%	360	Oct-31-02
736406 1		163,000.00	161,988.98	Apr-01-03	8.000%	MI - 79.51%	360	Nov-08-02
734553 1		97,000.00	96,450.75	May-01-03	8.990%	IL - 59.88%	360	Nov-27-02
737022 1		140,000.00	138,992.95	Apr-01-03	7.250%	CA - 80.00%	360	Nov-14-02
737384 1		187,000.00	185,613.96	Jun-01-03	7.650%	MN - 85.00%	360	Nov-25-02
737208 1		249,300.00	247,298.15	Apr-01-03	6.990%	CA - 90.00%	360	Nov-12-02
737807 1		45,000.00	44,666.04	May-01-03	9.000%	MI - 62.50%	360	Nov-26-02
737257 1		153,000.00	152,113.68	Jul-01-03	8.350%	CA - 85.00%	360	Nov-08-02
739137 1		144,500.00	143,596.18	May-01-03	8.500%	CO - 85.00%	360	Nov-19-02
737408 1		164,000.00	163,032.48	Apr-01-03	8.250%	CT - 80.00%	360	Nov-22-02
739808 1		178,600.00	177,233.88	Jun-01-03	7.490%	OR - 95.00%	360	Nov-26-02
738170 1		117,600.00	117,002.91	Aug-01-03	8.990%	FL - 80.00%	360	Nov-27-02
740822 1		106,250.00	105,699.20	May-01-03	9.490%	NE - 85.00%	360	Nov-27-02
738854 1		247,100.00	245,489.18	Apr-01-03	7.750%	MI - 84.91%	360	Nov-14-02
740914 1		105,400.00	104,740.11	Jun-01-03	8.500%	CA - 85.00%	360	Nov-15-02
739014 1		140,250.00	139,422.53	Jul-01-03	8.250%	UT - 85.00%	360	Nov-08-02
741430 1		141,600.00	140,349.47	Jun-01-03	6.750%	OR - 80.00%	360	Nov-20-02
739692 1		211,500.00	210,121.22	Feb-01-03	7.750%	NM - 90.00%	360	Nov-26-02
741675 1		133,000.00	131,878.57	May-01-03	6.990%	MI - 66.50%	360	Nov-19-02
741330 1		42,375.00	42,149.02	Apr-01-03	8.750%	OH - 75.00%	360	Nov-26-02
742410 1		185,600.00	184,392.10	May-01-03	8.500%	NC - 80.00%	360	Nov-21-02
742503 1		68,000.00	67,598.76	Mar-01-03	8.250%	MO - 85.00%	360	Nov-27-02
743431 1		176,000.00	174,721.03	May-01-03	7.750%	CA - 80.00%	360	Nov-21-02
742577 1		124,400.00	123,721.14	Jul-01-03	8.750%	TX - 80.00%	360	Nov-27-02
745109 1		288,000.00	-	Oct-01-03	6.990%	CA - 57.60%	360	Nov-27-02
745811 1		295,000.00	293,341.86	Aug-01-03	8.490%	NY - 84.77%	360	Nov-27-02
745951 1		55,250.00	54,921.40	May-01-03	8.750%	IN - 85.00%	360	Nov-27-02
746119 1		97,200.00	96,660.50	Apr-01-03	8.750%	FL - 82.72%	360	Nov-27-02
748685 1		65,875.00	65,455.51	May-01-03	8.500%	IL - 85.00%	360	Nov-25-02
747631 1		216,800.00	215,644.07	Feb-01-03	8.750%	NM - 80.00%	360	Nov-26-02
749342 1		191,250.00	190,022.51	Jun-01-03	8.990%	AZ - 75.00%	360	Nov-26-02
747877 1		137,500.00	136,461.56	Apr-01-03	7.000%	CO - 81.36%	360	Nov-27-02
750133 1		228,000.00	225,883.80	Jun-01-03	6.490%	CA - 80.00%	360	Nov-21-02
748593 1		109,250.00	108,462.35	Apr-01-03	7.500%	CA - 95.00%	360	Nov-19-02
750276 1		184,000.00	182,784.92	May-01-03	8.500%	CA - 80.00%	360	Nov-27-02
750126 1		317,000.00	315,390.68	Apr-01-03	8.990%	CA - 69.98%	360	Nov-26-02
754740 1		35,000.00	34,908.15	May-01-03	12.600%	IL - 68.63%	360	Nov-27-02
750147 1		166,500.00	165,465.22	Mar-01-03	7.990%	CA - 90.00%	360	Nov-27-02
720421 2		91,800.00	91,243.57	May-01-03	9.500%	MO - 85.00%	360	Nov-12-02
751561 1		104,000.00	103,321.22	Apr-01-03	7.750%	CA - 80.00%	360	Nov-27-02
723216 2		46,500.00	46,285.92	May-01-03	9.990%	MI - 75.00%	360	Nov-05-02
753784 1		301,000.00	299,230.90	Apr-01-03	8.270%	CA - 70.00%	360	Nov-27-02
723385 2		310,500.00	307,884.39	Dec-01-02	7.500%	CA - 90.00%	360	Oct-18-02
754528 1		106,250.00	105,709.45	May-01-03	8.980%	MS - 85.00%	360	Nov-27-02
725361 2		172,500.00	171,823.70	Aug-01-03	10.750%	MA - 73.40%	360	Nov-07-02
754774 1		93,500.00	92,903.78	Mar-01-03	7.990%	HI - 85.00%	360	Nov-27-02
727164 2		333,000.00	331,026.10	Jun-01-03	9.250%	FL - 90.00%	360	Nov-05-02
755039 1		294,100.00	-	Sep-01-03	6.990%	CA - 85.00%	360	Nov-25-02
727182 2		85,000.00	84,517.65	May-01-03	9.500%	WI - 73.91%	360	Oct-29-02
683902 2		129,250.00	128,666.85	Feb-01-03	10.990%	MA - 55.00%	360	Sep-05-02
727652 2		134,300.00	133,649.96	May-01-03	9.750%	OK - 85.00%	360	Nov-26-02
698352 2		141,300.00	140,520.82	Apr-01-03	9.600%	NV - 90.00%	360	Nov-08-02
730870 2		106,400.00	105,781.38	May-01-03	9.500%	NM - 80.00%	360	Oct-30-02
711259 2		73,600.00	73,295.71	Apr-01-03	10.500%	SC - 80.00%	360	Nov-01-02
731724 2		90,950.00	90,409.17	May-01-03	8.750%	MI - 72.76%	360	Nov-12-02
714763 2		341,250.00	339,115.44	Apr-01-03	8.500%	CA - 75.00%	360	Nov-05-02
733492 2		366,400.00	364,325.38	May-01-03	8.990%	TX - 80.00%	360	Nov-26-02
721820 2		38,400.00	38,138.38	Apr-01-03	8.500%	MI - 69.82%	360	Nov-04-02
735929 2		60,000.00	59,581.18	May-01-03	8.000%	IL - 80.00%	360	Nov-26-02
724458 2		88,000.00	87,597.79	Apr-01-03	9.500%	TX - 80.00%	360	Nov-27-02
738810 2		65,000.00	64,216.25	Jun-01-03	10.990%	CA - 20.00%	240	Nov-15-02
726080 2		76,500.00	76,129.68	May-01-03	9.750%	FL - 85.00%	360	Nov-05-02
739119 2		400,000.00	-	Oct-01-03	7.990%	NJ - 66.67%	360	Nov-08-02
				Page 15 of 27				© COPYRIGHT 2003 Deutsche Bank
				Page 15 of 28				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. 2003-NC2
	Mortgage Pass-Through Certificates
	Foreclosure Report for September 25, 2003 Distribution
	Foreclosure Report for October 27, 2003 Distribution
	Foreclosure Report - Mortage Loans that Become Foreclosure 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
727403 2		206,250.00	205,485.99	Apr-01-03	10.500%	VA - 75.00%	360	Nov-12-02
740380 2		499,950.00	496,316.99	Jul-01-03	7.750%	CA - 87.25%	360	Nov-13-02
727808 2		49,300.00	49,039.58	Mar-01-03	9.500%	MO - 82.17%	360	Oct-28-02
741881 2		113,600.00	112,812.84	May-01-03	7.990%	MD - 80.00%	360	Nov-22-02
728227 2		48,000.00	47,789.47	Mar-01-03	10.400%	MO - 80.00%	360	Nov-05-02
746378 2		35,400.00	34,973.16	May-01-03	10.990%	OR - 20.00%	240	Nov-20-02
729371 2		123,444.00	122,943.01	Jun-01-03	9.500%	ID - 90.00%	360	Nov-07-02
748396 2		109,000.00	108,244.73	Jun-01-03	7.990%	MI - 77.30%	360	Nov-27-02
730797 2		37,500.00	37,348.28	Apr-01-03	11.300%	PA - 75.00%	360	Oct-25-02
752379 2		374,000.00	371,776.23	May-01-03	8.750%	CA - 85.00%	360	Nov-27-02
732017 2		225,000.00	223,944.61	Jun-01-03	9.900%	NV - 84.91%	360	Oct-30-02
755089 2		374,400.00	-	Oct-01-03	7.990%	CA - 80.00%	360	Nov-27-02
732776 2		99,600.00	99,230.96	Apr-01-03	10.500%	TX - 80.00%	360	Nov-08-02
				Page 16 of 28				© COPYRIGHT 2003 Deutsche Bank
733437 2		68,000.00	67,618.43	Mar-01-03	8.500%	OH - 80.00%	360	Nov-05-02
735686 2		101,600.00	101,135.70	Apr-01-03	9.500%	TX - 80.00%	360	Nov-12-02
737130 2		398,650.00	396,279.59	Mar-01-03	8.750%	CA - 85.00%	360	Oct-31-02
738002 2		61,750.00	61,475.99	Apr-01-03	11.750%	MN - 65.00%	360	Nov-27-02
740305 2		160,000.00	159,146.86	Sep-01-03	8.750%	WA - 80.00%	360	Nov-27-02
740964 2		48,750.00	47,501.21	Apr-01-03	8.490%	MS - 75.00%	180	Nov-14-02
743646 2		26,160.00	25,877.23	Apr-01-03	10.990%	WI - 20.00%	240	Nov-15-02
745955 2		74,250.00	74,073.34	Apr-01-03	12.550%	TX - 75.00%	360	Nov-27-02
756125 2		35,000.00	34,771.04	Apr-01-03	7.750%	TN - 79.91%	360	Nov-25-02
1934306 2		55,250.00	54,807.66	Jan-01-03	9.375%	MO - 85.00%	360	May-17-02
				Page 16 of 27				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. 2003-NC2
	Mortgage Pass-Through Certificates
	Prepayment Report for September 25, 2003 Distribution
	Prepayment Report for October 27, 2003 Distribution
	Prepayment Report - Voluntary Prepayments
VOLUNTARY PREPAYMENTS						GROUP 2	GROUP 1	TOTAL
	Current
	Number of Paid in Full Loans					4362	~~103~~121	~~146~~183
	Number of Repurchased Loans					-	-	-
	Total Number of Loans Prepaid in Full					4362	~~103~~121	~~146~~183
	Paid in Full Balance					1011,~~184~~666,~~592~~274.8613	1721,~~700~~845,~~084~~839.1222	2733,~~884~~512,~~676~~113.9835
	Repurchased Loans Balance					-	-	-
	Curtailments Amount					4036,~~260~~224.2754	~~192~~57,~~286~~553.4508	~~232~~93,~~546~~777.7262
	Total Prepayment Amount					1011,~~224~~702,~~853~~498.1367	1721,~~892~~903,~~370~~392.5730	2833,~~117~~605,~~223~~890.7097
	Cumulative
	Number of Paid in Full Loans					~~163~~225	~~405~~526	~~568~~751
	Number of Repurchased Loans					-	-	-
	Total Number of Loans Prepaid in Full					~~163~~225	~~405~~526	~~568~~751
	Paid in Full Balance					3850,~~999~~666,~~944~~219.9407	7294,~~511~~357,~~814~~653.7698	~~111~~145,~~511~~023,~~759~~873.7005
	Repurchased Loans Balance					-	-	-
	Curtailments Amount					~~257~~293,~~196~~420.2983	~~664~~722,~~490~~043.2230	~~921~~1,~~686~~015,464.5113
	Total Prepayment Amount					3950,~~257~~959,~~141~~639.2390	7395,~~176~~079,~~304~~697.9828	~~112~~146,~~433~~039,~~446~~337.2118
SPACE INTENTIONALLY LEFT BLANK
Total Prepayments by Groups (in thousands of dollars)					Total Prepayments (in thousands of dollars)
				Page 17 of 27				© COPYRIGHT 2003 Deutsche Bank
				Page 17 of 28				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. 2003-NC2
	Mortgage Pass-Through Certificates
	Prepayment Report for September 25, 2003 Distribution
	Prepayment Report for October 27, 2003 Distribution
	Prepayment Report - Voluntary Prepayments
VOLUNTARY PREPAYMENT RATES						GROUP 2	GROUP 1	TOTAL
	SMM					23.7119%	23.9167%	23.8349%
	3 Months Avg SMM					2.1758%	23.6030%	23.4403%
	12 Months Avg SMM
	Avg SMM Since Cut-off					1.4466%	1.6489%	1.5680%
	CPR					2832.0520%	2936.8417%	2934.1768%
	3 Months Avg CPR					2326.1189%	2733.1316%	2530.6385%
	12 Months Avg CPR
	Avg CPR Since Cut-off					1518.9417%	1720.9649%	1719.2062%
	PSA					~~1495~~1550.4904%	~~1598~~1749.6199%	~~1559~~1674.5080%
	3 Months Avg PSA Approximation					~~1377~~1432.94%	~~1627~~1776.6357%	~~1534~~1649.0319%
	12 Months Avg PSA Approximation
	Avg PSA Since Cut-off Approximation					~~1247~~1318.6890%	~~1417~~1498.1589%	~~1352~~1430.9875%
	Group 1
	Group 2
CPR by Groups					Total CPR
PSA by Groups					Total PSA
				Page 18 of 27				© COPYRIGHT 2003 Deutsche Bank
				Page 18 of 28				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. 2003-NC2
	Mortgage Pass-Through Certificates
	Prepayment Report for September 25, 2003 Distribution
	Prepayment Report for October 27, 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 19 of 27				© COPYRIGHT 2003 Deutsche Bank
				Page 19 of 28				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. 2003-NC2
	Mortgage Pass-Through Certificates
	Prepayment Detail Report for September 25, 2003 Distribution
	Prepayment Detail Report for October 27, 2003 Distribution
	Prepayment Detail Report - Loans Prepaid in Full During Current Distribution
SUMMARY						LOAN GROUP
Total Loan Count = 146						Loan Group 1 = Group 1 Group
Total Loan Count = 183						Loan Group 1 = Group 1 Group
Total Original Principal Balance = 28,065,481.00						Loan Group 2 = Group 2 Group
Total Original Principal Balance = 33,890,691.00						Loan Group 2 = Group 2 Group
Total Prepayment Amount = 27,884,676.98
Total Prepayment Amount = 33,512,113.35
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
676391 1			80,750.00	80,261.80	Aug-13-03	8.500%	PA - 85.00%	Paid Off - 360	Nov-04-02
672988 1			293,910.00	291,666.29	Oct-01-03	7.500%	CA - 86.44%	Paid Off - 360	Oct-29-02
685497 1			64,600.00	64,216.17	Aug-28-03	9.240%	IN - 85.00%	Paid Off - 360	Sep-05-02
686331 1			100,200.00	99,171.79	Sep-10-03	7.500%	RI - 73.14%	Paid Off - 360	Aug-26-02
696548 1			115,500.00	112,212.42	Aug-30-03	7.250%	LA - 70.00%	Paid Off - 180	Oct-29-02
686835 1			175,500.00	173,664.61	Sep-11-03	5.320%	MI - 90.00%	Paid Off - 300	Nov-18-02
697086 1			131,750.00	131,126.43	Aug-11-03	8.750%	IL - 85.00%	Paid Off - 360	Nov-27-02
703751 1			69,750.00	69,431.30	Sep-03-03	10.500%	MI - 75.00%	Paid Off - 360	Oct-01-02
705450 1			188,000.00	187,065.95	Aug-04-03	8.500%	CA - 80.00%	Paid Off - 360	Nov-26-02
707065 1			276,000.00	273,547.67	Sep-15-03	7.125%	FL - 80.00%	Paid Off - 360	Oct-17-02
707028 1			215,182.00	213,528.83	Aug-15-03	6.990%	CA - 80.59%	Paid Off - 360	Oct-16-02
708971 1			164,000.00	163,023.76	Sep-22-03	8.750%	IL - 80.00%	Paid Off - 360	Nov-26-02
709414 1			392,000.00	388,856.56	Aug-18-03	7.250%	CA - 80.00%	Paid Off - 360	Oct-01-02
712301 1			211,500.00	210,502.98	Sep-02-03	9.350%	WI - 90.00%	Paid Off - 360	Nov-12-02
714595 1			136,000.00	135,237.06	Aug-13-03	8.500%	MD - 85.00%	Paid Off - 360	Nov-04-02
713468 1			236,000.00	234,660.81	Sep-25-03	8.990%	IL - 80.00%	Paid Off - 360	Nov-04-02
718389 1			130,000.00	129,064.91	Aug-12-03	7.250%	CO - 72.22%	Paid Off - 360	Oct-21-02
717764 1			264,000.00	261,883.60	Sep-23-03	7.250%	CA - 80.00%	Paid Off - 360	Oct-28-02
718960 1			121,125.00	120,552.98	Aug-04-03	8.750%	CA - 85.00%	Paid Off - 360	Nov-08-02
721017 1			195,000.00	194,010.01	Sep-23-03	8.990%	CA - 84.78%	Paid Off - 360	Nov-05-02
720178 1			299,000.00	296,355.88	Aug-14-03	7.250%	CA - 78.27%	Paid Off - 360	Oct-25-02
722954 1			170,000.00	168,839.13	Sep-23-03	8.500%	IL - 85.00%	Paid Off - 360	Nov-27-02
720236 1			196,500.00	195,151.50	Aug-30-03	7.490%	VA - 74.15%	Paid Off - 360	Oct-23-02
723203 1			124,525.00	123,846.06	Sep-23-03	8.750%	IL - 85.00%	Paid Off - 360	Nov-26-02
721750 1			35,000.00	34,807.15	Aug-13-03	8.750%	CO - 38.46%	Paid Off - 360	Nov-08-02
726581 1			248,000.00	246,088.16	Sep-30-03	7.450%	CA - 91.85%	Paid Off - 360	Oct-29-02
722075 1			228,000.00	226,842.55	Aug-06-03	8.990%	CA - 80.00%	Paid Off - 360	Nov-05-02
726585 1			224,000.00	222,205.27	Sep-12-03	7.500%	CA - 80.00%	Paid Off - 360	Oct-28-02
722144 1			131,750.00	131,095.37	Aug-29-03	8.500%	NH - 85.00%	Paid Off - 360	Nov-05-02
726611 1			180,000.00	178,396.43	Sep-25-03	6.990%	CA - 54.88%	Paid Off - 360	Oct-30-02
723533 1			80,750.00	80,297.02	Aug-05-03	8.500%	OH - 85.00%	Paid Off - 360	Nov-05-02
727643 1			248,000.00	246,160.20	Sep-10-03	7.650%	CA - 80.00%	Paid Off - 360	Oct-31-02
724744 1			164,800.00	164,059.09	Aug-05-03	8.990%	MN - 80.00%	Paid Off - 360	Nov-06-02
727748 1			137,000.00	455.79	Sep-12-03	7.990%	WI - 77.40%	Paid Off - 360	Oct-28-02
724782 1			125,800.00	124,785.57	Aug-26-03	7.500%	CA - 85.00%	Paid Off - 360	Oct-31-02
728011 1			107,500.00	106,301.77	Sep-18-03	6.740%	CA - 68.04%	Paid Off - 360	Oct-28-02
726435 1			134,400.00	133,607.05	Aug-25-03	8.250%	CA - 80.00%	Paid Off - 360	Oct-29-02
728268 1			225,000.00	223,800.34	Sep-30-03	8.750%	MD - 69.23%	Paid Off - 360	Nov-08-02
726968 1			143,000.00	142,018.68	Aug-19-03	7.490%	CA - 87.20%	Paid Off - 360	Oct-31-02
728812 1			54,450.00	54,165.99	Sep-02-03	9.490%	MO - 90.00%	Paid Off - 360	Oct-30-02
727049 1			105,000.00	103,999.57	Aug-12-03	6.990%	CA - 37.50%	Paid Off - 360	Oct-31-02
728851 1			205,798.00	205,797.98	Oct-01-03	4.830%	MI - 90.00%	Paid Off - 300	Nov-01-02
727086 1			153,000.00	151,927.08	Aug-11-03	7.380%	CO - 85.00%	Paid Off - 360	Oct-28-02
729019 1			163,800.00	162,666.79	Sep-03-03	8.000%	UT - 90.00%	Paid Off - 360	Nov-05-02
727327 1			168,000.00	166,955.86	Aug-04-03	7.990%	CA - 80.00%	Paid Off - 360	Oct-30-02
729288 1			200,000.00	198,684.41	Sep-30-03	8.250%	IL - 71.43%	Paid Off - 360	Nov-06-02
727552 1			117,600.00	116,973.00	Aug-06-03	8.750%	FL - 80.00%	Paid Off - 360	Oct-24-02
729318 1			187,500.00	186,252.43	Sep-30-03	8.250%	MA - 75.00%	Paid Off - 360	Oct-31-02
727883 1			144,000.00	143,011.66	Aug-11-03	7.490%	CA - 90.00%	Paid Off - 360	Nov-04-02
729373 1			227,500.00	225,389.89	Oct-01-03	7.790%	MA - 70.00%	Paid Off - 360	Oct-30-02
727908 1			144,000.00	143,011.77	Aug-04-03	7.490%	CA - 90.00%	Paid Off - 360	Oct-31-02
729381 1			102,000.00	99,987.31	Sep-03-03	6.990%	CA - 58.29%	Paid Off - 240	Oct-31-02
727957 1			144,000.00	143,380.93	Aug-30-03	9.250%	RI - 80.00%	Paid Off - 360	Nov-05-02
729392 1			191,000.00	189,552.93	Sep-05-03	7.600%	CA - 72.08%	Paid Off - 360	Oct-31-02
727959 1			209,950.00	208,505.69	Aug-04-03	7.750%	CA - 83.98%	Paid Off - 360	Oct-31-02
729548 1			127,000.00	125,918.87	Sep-09-03	7.250%	CA - 84.67%	Paid Off - 360	Oct-31-02
727989 1			176,000.00	174,781.40	Aug-21-03	7.500%	CA - 81.86%	Paid Off - 360	Oct-31-02
729921 1			109,000.00	108,289.46	Oct-01-03	7.750%	FL - 83.85%	Paid Off - 360	Nov-27-02
728164 1			157,750.00	156,723.91	Aug-22-03	7.990%	CA - 75.12%	Paid Off - 360	Oct-24-02
730100 1			115,000.00	113,913.75	Sep-02-03	6.000%	FL - 62.16%	Paid Off - 360	Nov-27-02
728258 1			155,700.00	154,926.43	Aug-26-03	8.500%	IL - 90.00%	Paid Off - 360	Nov-12-02
730148 1			131,302.00	130,485.91	Sep-22-03	7.990%	CA - 89.93%	Paid Off - 360	Nov-27-02
728631 1			135,000.00	134,343.56	Aug-27-03	9.200%	CA - 75.00%	Paid Off - 360	Oct-28-02
730167 1			123,250.00	122,517.15	Sep-23-03	8.750%	CA - 85.00%	Paid Off - 360	Nov-05-02
728767 1			129,239.00	127,438.22	Aug-15-03	5.990%	CA - 40.39%	Paid Off - 360	Oct-31-02
730176 1			91,200.00	90,629.55	Sep-02-03	8.500%	MI - 80.00%	Paid Off - 360	Oct-31-02
730116 1			212,000.00	210,775.60	Aug-27-03	7.750%	CA - 49.88%	Paid Off - 360	Nov-27-02
730377 1			103,200.00	102,586.33	Sep-30-03	8.750%	MD - 80.00%	Paid Off - 360	Oct-31-02
730352 1			123,200.00	122,071.67	Aug-22-03	5.990%	AZ - 80.00%	Paid Off - 360	Oct-30-02
730611 1			278,000.00	275,655.91	Sep-26-03	6.990%	CA - 65.41%	Paid Off - 360	Oct-31-02
731134 1			157,250.00	156,496.37	Aug-07-03	9.270%	CA - 85.00%	Paid Off - 360	Oct-31-02
730629 1			129,893.00	128,707.51	Sep-08-03	6.750%	VA - 63.36%	Paid Off - 360	Oct-31-02
731859 1			191,250.00	189,874.07	Aug-22-03	7.250%	IL - 85.00%	Paid Off - 360	Oct-31-02
730658 1			234,000.00	232,548.50	Sep-02-03	8.000%	CA - 90.00%	Paid Off - 360	Nov-12-02
732281 1			80,000.00	79,560.33	Aug-05-03	8.000%	FL - 54.05%	Paid Off - 360	Nov-05-02
730782 1			161,000.00	159,357.53	Sep-30-03	5.990%	CA - 59.63%	Paid Off - 360	Oct-30-02
732754 1			121,600.00	120,714.60	Aug-19-03	7.450%	CA - 76.96%	Paid Off - 360	Oct-31-02
730919 1			70,550.00	70,147.72	Sep-03-03	8.990%	OR - 85.00%	Paid Off - 360	Oct-31-02
733034 1			127,500.00	125,946.48	Aug-15-03	8.250%	CA - 85.00%	Paid Off - 360	Oct-31-02
731166 1			322,139.00	319,194.35	Sep-29-03	6.000%	CA - 75.80%	Paid Off - 360	Nov-27-02
733452 1			74,400.00	74,059.23	Aug-29-03	9.490%	FL - 80.00%	Paid Off - 360	Oct-31-02
731168 1			112,500.00	111,855.17	Sep-05-03	9.000%	FL - 90.00%	Paid Off - 360	Oct-30-02
733859 1			207,000.00	205,713.55	Aug-04-03	7.990%	NV - 90.00%	Paid Off - 360	Oct-31-02
732289 1			267,750.00	265,980.73	Sep-15-03	8.250%	CA - 85.00%	Paid Off - 360	Oct-31-02
734362 1			97,500.00	96,957.60	Aug-19-03	8.960%	NM - 75.00%	Paid Off - 360	Nov-26-02
732880 1			100,000.00	99,247.58	Sep-29-03	7.990%	FL - 54.35%	Paid Off - 360	Oct-31-02
734797 1			67,500.00	66,786.97	Aug-18-03	7.250%	CA - 90.00%	Paid Off - 360	Oct-31-02
732917 1			318,750.00	316,455.94	Sep-30-03	7.800%	FL - 75.00%	Paid Off - 360	Oct-31-02
					Page 20 of 27				© COPYRIGHT 2003 Deutsche Bank
					Page 20 of 28				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. 2003-NC2
	Mortgage Pass-Through Certificates
	Prepayment Detail Report for September 25, 2003 Distribution
	Prepayment Detail Report for October 27, 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
735562 1			284,750.00	283,332.36	Aug-27-03	8.490%	NY - 85.00%	Paid Off - 360	Nov-22-02
733432 1			220,000.00	218,761.93	Sep-17-03	8.490%	MA - 78.57%	Paid Off - 360	Nov-08-02
735711 1			112,500.00	111,495.14	Aug-20-03	7.500%	CA - 90.00%	Paid Off - 360	Nov-21-02
733743 1			252,960.00	251,223.17	Sep-03-03	8.990%	VA - 85.00%	Paid Off - 360	Nov-05-02
735983 1			182,000.00	180,662.19	Aug-28-03	6.990%	CA - 87.50%	Paid Off - 360	Nov-14-02
733868 1			52,000.00	51,643.79	Sep-11-03	7.500%	FL - 80.00%	Paid Off - 360	Nov-26-02
736850 1			196,400.00	195,240.59	Aug-20-03	7.640%	RI - 71.94%	Paid Off - 360	Nov-14-02
734190 1			148,200.00	147,225.18	Sep-09-03	8.250%	NC - 95.00%	Paid Off - 360	Nov-01-02
737054 1			175,000.00	173,935.86	Aug-11-03	7.490%	NJ - 77.78%	Paid Off - 360	Nov-25-02
734365 1			310,155.00	307,667.20	Sep-22-03	7.250%	IL - 89.90%	Paid Off - 360	Oct-30-02
737117 1			84,800.00	84,418.78	Aug-28-03	8.990%	CA - 80.00%	Paid Off - 360	Nov-27-02
734445 1			130,000.00	128,959.86	Sep-15-03	8.250%	MD - 78.79%	Paid Off - 360	Nov-08-02
737444 1			200,000.00	199,007.49	Aug-05-03	8.750%	MA - 71.43%	Paid Off - 360	Nov-27-02
734753 1			170,000.00	168,822.11	Sep-08-03	7.990%	CA - 85.00%	Paid Off - 360	Oct-31-02
737661 1			178,500.00	177,430.41	Aug-05-03	7.750%	MA - 70.00%	Paid Off - 360	Nov-20-02
735396 1			185,000.00	182,741.00	Sep-10-03	7.250%	CA - 67.27%	Paid Off - 360	Nov-15-02
737997 1			114,000.00	113,341.58	Aug-04-03	7.750%	CO - 79.72%	Paid Off - 360	Nov-08-02
735501 1			243,000.00	241,246.63	Sep-16-03	7.240%	CA - 90.00%	Paid Off - 360	Nov-19-02
738521 1			158,652.00	157,537.42	Aug-25-03	6.750%	CA - 80.00%	Paid Off - 360	Nov-08-02
735509 1			211,000.00	209,462.01	Sep-19-03	8.490%	CA - 84.74%	Paid Off - 360	Nov-20-02
738808 1			108,750.00	108,083.46	Aug-07-03	7.450%	CA - 75.00%	Paid Off - 360	Nov-22-02
735526 1			147,000.00	146,131.44	Oct-01-03	8.250%	CA - 84.97%	Paid Off - 360	Nov-07-02
739130 1			322,200.00	320,429.58	Aug-29-03	8.000%	MD - 90.00%	Paid Off - 360	Nov-20-02
735572 1			164,400.00	163,444.09	Sep-24-03	8.590%	CA - 41.10%	Paid Off - 360	Nov-13-02
739348 1			200,000.00	198,314.54	Aug-21-03	5.990%	IL - 63.69%	Paid Off - 360	Nov-14-02
736214 1			212,000.00	210,199.73	Sep-12-03	6.990%	CA - 80.00%	Paid Off - 360	Nov-07-02
739446 1			175,500.00	174,468.50	Aug-20-03	7.990%	NM - 44.59%	Paid Off - 360	Nov-21-02
736260 1			156,000.00	154,877.01	Sep-30-03	7.500%	CA - 80.00%	Paid Off - 360	Nov-07-02
739878 1			230,000.00	228,229.94	Aug-08-03	7.490%	VA - 73.02%	Paid Off - 360	Nov-27-02
736732 1			220,500.00	219,263.19	Sep-03-03	8.500%	CA - 90.00%	Paid Off - 360	Nov-26-02
739939 1			309,600.00	307,425.06	Aug-25-03	6.750%	CT - 80.00%	Paid Off - 360	Nov-25-02
736744 1			164,000.00	162,540.82	Sep-10-03	6.500%	MA - 76.28%	Paid Off - 360	Nov-14-02
740096 1			204,000.00	202,493.47	Aug-27-03	6.490%	CA - 80.00%	Paid Off - 360	Nov-25-02
736788 1			408,000.00	405,656.39	Sep-03-03	8.375%	NY - 80.00%	Paid Off - 360	Nov-27-02
740719 1			179,000.00	177,684.41	Aug-04-03	6.750%	CT - 89.50%	Paid Off - 360	Nov-22-02
736840 1			135,000.00	134,026.98	Sep-22-03	7.240%	IL - 90.00%	Paid Off - 360	Nov-14-02
741025 1			240,000.00	238,051.17	Aug-20-03	5.990%	CA - 75.00%	Paid Off - 360	Nov-25-02
737098 1			178,000.00	176,653.12	Sep-24-03	6.990%	MA - 69.80%	Paid Off - 360	Nov-13-02
741441 1			97,750.00	97,288.43	Aug-12-03	8.750%	MI - 85.00%	Paid Off - 360	Nov-27-02
737634 1			284,750.00	281,376.17	Sep-24-03	7.750%	MN - 85.00%	Paid Off - 360	Nov-21-02
741581 1			277,500.00	275,639.01	Aug-05-03	6.990%	CA - 75.00%	Paid Off - 360	Nov-15-02
737934 1			76,500.00	75,544.24	Sep-22-03	6.990%	MI - 90.00%	Paid Off - 360	Nov-14-02
741588 1			222,000.00	220,484.97	Aug-21-03	6.900%	CA - 55.50%	Paid Off - 360	Nov-12-02
738535 1			47,000.00	46,672.63	Sep-17-03	7.490%	IN - 58.75%	Paid Off - 360	Nov-15-02
741985 1			272,000.00	270,620.96	Aug-13-03	8.400%	MO - 80.00%	Paid Off - 360	Nov-20-02
738645 1			217,750.00	216,164.54	Sep-05-03	7.490%	NJ - 65.00%	Paid Off - 360	Nov-29-02
742058 1			252,000.00	250,420.62	Aug-26-03	7.500%	OR - 70.00%	Paid Off - 360	Nov-25-02
738657 1			172,000.00	170,820.74	Oct-01-03	7.500%	CA - 80.00%	Paid Off - 360	Nov-26-02
742115 1			170,000.00	168,911.84	Aug-29-03	7.500%	CA - 47.22%	Paid Off - 360	Nov-13-02
738758 1			183,600.00	182,516.84	Sep-19-03	8.250%	MI - 85.00%	Paid Off - 360	Nov-22-02
742638 1			184,000.00	182,883.32	Aug-06-03	7.500%	UT - 68.15%	Paid Off - 360	Nov-25-02
738807 1			136,620.00	135,682.40	Sep-22-03	7.490%	NJ - 69.00%	Paid Off - 360	Nov-29-02
742882 1			297,500.00	295,861.99	Aug-04-03	7.990%	NY - 85.00%	Paid Off - 360	Nov-26-02
738854 1		FCL	247,100.00	245,489.18	Sep-12-03	7.750%	MI - 84.91%	Paid Off - 360	Nov-14-02
742994 1			104,000.00	103,665.90	Aug-30-03	10.640%	OH - 80.00%	Paid Off - 360	Nov-26-02
739088 1			205,700.00	204,655.75	Sep-11-03	8.990%	MD - 85.00%	Paid Off - 360	Nov-26-02
743076 1			178,500.00	177,416.73	Aug-20-03	7.500%	CA - 85.00%	Paid Off - 360	Nov-26-02
739308 1			73,600.00	73,095.86	Sep-04-03	7.500%	FL - 80.00%	Paid Off - 360	Nov-07-02
743651 1			300,000.00	298,392.28	Aug-05-03	8.500%	CA - 84.51%	Paid Off - 360	Nov-25-02
739445 1			158,900.00	157,690.04	Sep-16-03	7.500%	CA - 69.39%	Paid Off - 360	Nov-12-02
744905 1			199,000.00	197,573.59	Aug-13-03	7.800%	RI - 79.60%	Paid Off - 360	Nov-27-02
739769 1			96,000.00	95,226.16	Sep-03-03	7.500%	CA - 71.11%	Paid Off - 360	Nov-21-02
745080 1			196,200.00	194,981.29	Aug-04-03	7.375%	CA - 90.00%	Paid Off - 360	Nov-21-02
739780 1			131,750.00	130,766.12	Sep-08-03	7.990%	IL - 85.00%	Paid Off - 360	Nov-26-02
745959 1			140,000.00	139,301.81	Aug-27-03	8.500%	MN - 80.00%	Paid Off - 360	Nov-26-02
739973 1			312,800.00	310,954.60	Sep-19-03	8.250%	CA - 85.00%	Paid Off - 360	Nov-14-02
746103 1			191,250.00	190,443.35	Aug-13-03	9.300%	NY - 75.00%	Paid Off - 360	Nov-27-02
740299 1			233,000.00	231,474.95	Sep-19-03	7.750%	CA - 84.73%	Paid Off - 360	Nov-19-02
746269 1			146,700.00	145,892.22	Aug-11-03	7.990%	UT - 90.00%	Paid Off - 360	Nov-26-02
741242 1			140,000.00	139,174.03	Sep-02-03	8.250%	FL - 84.85%	Paid Off - 360	Nov-13-02
746628 1			216,000.00	214,533.27	Aug-27-03	7.490%	FL - 81.36%	Paid Off - 360	Nov-27-02
741285 1			117,000.00	116,272.46	Sep-25-03	7.990%	MA - 68.82%	Paid Off - 360	Nov-27-02
747066 1			103,700.00	103,258.08	Aug-12-03	9.250%	NC - 85.00%	Paid Off - 360	Nov-27-02
741488 1			163,000.00	161,757.03	Sep-08-03	6.950%	CA - 35.82%	Paid Off - 360	Nov-12-02
747619 1			204,000.00	202,655.02	Aug-20-03	7.490%	MN - 94.88%	Paid Off - 360	Nov-27-02
742650 1			135,000.00	134,242.68	Sep-17-03	8.500%	CO - 72.19%	Paid Off - 360	Nov-20-02
748424 1			136,000.00	135,084.72	Aug-29-03	7.250%	CA - 80.00%	Paid Off - 360	Nov-27-02
743029 1			176,000.00	174,790.98	Sep-15-03	7.490%	CA - 80.00%	Paid Off - 360	Nov-21-02
748662 1			255,200.00	253,731.85	Aug-12-03	7.770%	NY - 79.75%	Paid Off - 360	Nov-29-02
743606 1			126,750.00	125,962.03	Sep-03-03	7.990%	CO - 65.00%	Paid Off - 360	Nov-15-02
749079 1			185,000.00	183,820.72	Aug-20-03	7.250%	CA - 84.09%	Paid Off - 360	Nov-27-02
743913 1			112,500.00	111,766.59	Sep-17-03	7.750%	MN - 90.00%	Paid Off - 360	Nov-26-02
749177 1			238,500.00	237,253.65	Aug-26-03	8.250%	MI - 90.00%	Paid Off - 360	Nov-22-02
744040 1			297,500.00	295,258.58	Sep-30-03	7.250%	IL - 85.00%	Paid Off - 360	Nov-15-02
749459 1			210,000.00	208,661.31	Aug-08-03	7.250%	CA - 70.00%	Paid Off - 360	Nov-27-02
744099 1			246,500.00	244,726.89	Sep-22-03	7.250%	CA - 85.00%	Paid Off - 360	Nov-19-02
749624 1			148,000.00	146,960.26	Aug-04-03	6.750%	CA - 80.00%	Paid Off - 360	Nov-29-02
744720 1			232,200.00	230,529.74	Sep-10-03	7.250%	CA - 90.00%	Paid Off - 360	Nov-25-02
749807 1			170,000.00	168,619.53	Aug-06-03	5.990%	CA - 68.00%	Paid Off - 360	Nov-27-02
744753 1			133,500.00	132,751.16	Sep-16-03	8.500%	CA - 75.00%	Paid Off - 360	Nov-19-02
749835 1			212,500.00	211,594.50	Aug-14-03	9.250%	CA - 85.00%	Paid Off - 360	Nov-26-02
745005 1			189,000.00	187,825.39	Sep-04-03	7.990%	CA - 70.00%	Paid Off - 360	Nov-18-02
749981 1			261,250.00	259,952.01	Aug-18-03	8.500%	MA - 95.00%	Paid Off - 360	Nov-15-02
745109 1		FCL	288,000.00	285,820.86	Sep-25-03	6.990%	CA - 57.60%	Paid Off - 360	Nov-27-02
750951 1			241,600.00	239,942.11	Aug-29-03	6.865%	CA - 80.00%	Paid Off - 360	Nov-26-02
745392 1			155,000.00	153,579.73	Sep-26-03	5.990%	MN - 79.49%	Paid Off - 360	Nov-26-02
751132 1			112,000.00	111,416.83	Aug-18-03	8.750%	CA - 62.22%	Paid Off - 360	Nov-27-02
745683 1			166,500.00	165,344.70	Sep-25-03	8.000%	MI - 90.00%	Paid Off - 360	Nov-15-02
751423 1			151,200.00	150,423.71	Aug-14-03	8.500%	NJ - 80.00%	Paid Off - 360	Nov-27-02
746223 1			103,000.00	102,147.16	Sep-25-03	6.650%	MA - 55.68%	Paid Off - 360	Nov-27-02
751595 1			182,750.00	181,402.96	Aug-27-03	6.500%	CO - 85.00%	Paid Off - 360	Nov-26-02
746391 1			168,000.00	167,216.16	Sep-03-03	9.400%	CA - 70.00%	Paid Off - 360	Nov-27-02
751733 1			139,120.00	138,413.43	Aug-25-03	8.500%	MS - 80.00%	Paid Off - 360	Nov-20-02
746620 1			136,000.00	134,964.17	Sep-18-03	7.990%	MI - 80.00%	Paid Off - 360	Nov-21-02
					Page 21 of 27				© COPYRIGHT 2003 Deutsche Bank
					Page 21 of 28				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. 2003-NC2
	Mortgage Pass-Through Certificates
	Prepayment Detail Report for September 25, 2003 Distribution
	Prepayment Detail Report for October 27, 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
753882 1			73,000.00	72,594.13	Aug-08-03	7.990%	NJ - 30.67%	Paid Off - 360	Nov-29-02
747212 1			240,000.00	238,273.63	Sep-15-03	7.250%	CA - 69.57%	Paid Off - 360	Nov-27-02
754360 1			240,000.00	237,946.42	Aug-15-03	5.750%	CA - 66.67%	Paid Off - 360	Nov-27-02
748109 1			250,000.00	248,287.78	Sep-30-03	7.500%	CA - 73.53%	Paid Off - 360	Nov-20-02
755039 1		FCL	294,100.00	292,124.29	Aug-28-03	6.990%	CA - 85.00%	Paid Off - 360	Nov-25-02
748831 1			139,400.00	138,423.01	Sep-04-03	7.400%	CA - 85.00%	Paid Off - 360	Nov-27-02
755696 1			191,250.00	190,086.12	Aug-06-03	7.500%	CA - 83.15%	Paid Off - 360	Nov-27-02
748935 1			178,200.00	176,760.20	Sep-03-03	6.650%	CA - 90.00%	Paid Off - 360	Nov-26-02
756152 1			218,000.00	216,584.66	Aug-28-03	7.250%	CA - 72.67%	Paid Off - 360	Nov-27-02
749083 1			139,500.00	138,756.12	Sep-30-03	8.750%	CA - 90.00%	Paid Off - 360	Nov-27-02
757068 1			90,000.00	89,671.35	Aug-13-03	9.990%	FL - 75.00%	Paid Off - 360	Nov-27-02
749105 1			310,500.00	308,554.81	Sep-03-03	7.950%	CA - 90.00%	Paid Off - 360	Nov-27-02
758584 1			147,000.00	145,914.38	Aug-13-03	6.490%	CA - 79.46%	Paid Off - 360	Nov-27-02
749446 1			352,000.00	349,816.68	Sep-26-03	8.000%	NY - 80.00%	Paid Off - 360	Nov-20-02
676523 2			616,250.00	613,569.99	Aug-08-03	4.790%	CA - 85.00%	Paid Off - 300	Sep-26-02
749645 1			152,000.00	149,418.17	Sep-05-03	7.500%	NY - 72.38%	Paid Off - 240	Nov-26-02
705341 2			134,300.00	133,731.64	Aug-25-03	10.390%	RI - 85.00%	Paid Off - 360	Sep-27-02
749922 1			192,100.00	190,891.56	Sep-24-03	7.990%	MN - 85.00%	Paid Off - 360	Nov-25-02
710414 2			98,000.00	97,433.95	Aug-13-03	7.750%	VA - 74.81%	Paid Off - 360	Nov-27-02
749936 1			129,350.00	128,586.61	Sep-02-03	8.590%	IL - 65.00%	Paid Off - 360	Nov-26-02
710742 2			436,500.00	433,328.12	Aug-26-03	7.750%	CA - 90.00%	Paid Off - 360	Sep-30-02
750136 1			267,850.00	266,404.35	Sep-25-03	8.690%	NV - 78.32%	Paid Off - 360	Nov-27-02
713901 2			144,000.00	143,417.33	Aug-06-03	9.500%	MI - 90.00%	Paid Off - 360	Nov-12-02
751434 1			160,000.00	158,714.40	Sep-03-03	7.500%	CA - 69.87%	Paid Off - 360	Nov-27-02
714408 2			133,950.00	133,547.97	Aug-18-03	11.990%	MA - 57.00%	Paid Off - 360	Nov-01-02
751709 1			77,000.00	76,306.83	Sep-30-03	6.490%	OH - 71.96%	Paid Off - 360	Nov-27-02
714564 2			160,000.00	157,138.00	Aug-25-03	7.750%	CA - 80.00%	Paid Off - 240	Oct-29-02
752022 1			139,000.00	137,714.25	Sep-12-03	6.250%	CA - 85.28%	Paid Off - 360	Nov-29-02
716367 2			510,000.00	505,957.94	Aug-18-03	6.750%	CA - 60.00%	Paid Off - 360	Oct-22-02
752691 1			213,000.00	211,159.02	Sep-22-03	7.250%	CA - 60.00%	Paid Off - 360	Nov-27-02
716644 2			459,850.00	456,700.58	Aug-18-03	7.500%	NY - 85.00%	Paid Off - 360	Oct-31-02
752809 1			293,250.00	291,686.48	Oct-01-03	8.750%	CA - 85.00%	Paid Off - 360	Nov-26-02
719829 2			86,000.00	85,229.84	Aug-05-03	11.490%	CA - 20.00%	Paid Off - 240	Nov-25-02
753689 1			91,000.00	89,969.17	Sep-16-03	7.500%	CA - 72.80%	Paid Off - 360	Nov-27-02
720663 2			595,000.00	591,083.06	Aug-28-03	7.750%	CA - 70.00%	Paid Off - 360	Oct-31-02
753784 1		FCL	301,000.00	299,230.90	Sep-30-03	8.270%	CA - 70.00%	Paid Off - 360	Nov-27-02
723185 2			57,250.00	56,429.55	Aug-21-03	7.750%	FL - 67.35%	Paid Off - 240	Nov-26-02
755055 1			320,000.00	318,011.24	Sep-09-03	7.990%	CA - 64.00%	Paid Off - 360	Nov-27-02
725192 2			369,000.00	366,964.36	Aug-06-03	8.150%	NY - 90.00%	Paid Off - 360	Nov-26-02
755526 1			233,750.00	232,297.26	Sep-02-03	7.990%	CA - 85.00%	Paid Off - 360	Nov-27-02
727093 2			399,000.00	395,348.08	Aug-27-03	7.990%	CA - 70.00%	Paid Off - 360	Oct-30-02
755738 1			218,000.00	216,350.49	Oct-01-03	6.990%	CA - 64.12%	Paid Off - 360	Nov-29-02
728072 2			423,500.00	423,048.54	Aug-13-03	5.820%	CA - 89.16%	Paid Off - 300	Oct-30-02
755890 1			103,500.00	102,811.78	Sep-26-03	7.650%	NV - 72.89%	Paid Off - 360	Nov-29-02
728184 2			395,250.00	392,793.61	Aug-12-03	7.990%	CA - 85.00%	Paid Off - 360	Oct-31-02
756726 1			164,800.00	163,552.98	Sep-25-03	7.000%	FL - 80.00%	Paid Off - 360	Nov-27-02
730598 2			600,000.00	600,011.79	Aug-29-03	5.320%	CA - 75.00%	Paid Off - 300	Oct-30-02
757532 1			204,450.00	203,179.36	Sep-16-03	7.990%	IL - 74.99%	Paid Off - 360	Nov-26-02
733863 2			76,000.00	74,587.38	Aug-29-03	10.750%	CA - 40.64%	Paid Off - 180	Nov-08-02
759395 1			126,000.00	124,230.28	Sep-04-03	7.250%	FL - 64.95%	Paid Off - 360	Nov-27-02
735750 2			450,000.00	446,822.62	Aug-21-03	6.990%	IL - 60.00%	Paid Off - 360	Nov-14-02
698174 2			105,000.00	104,198.41	Sep-03-03	7.500%	CA - 63.64%	Paid Off - 360	Oct-24-02
737194 2			117,600.00	117,106.97	Aug-29-03	9.850%	MD - 80.00%	Paid Off - 360	Nov-29-02
706360 2			94,900.00	94,573.18	Sep-02-03	12.500%	NE - 65.00%	Paid Off - 360	Sep-30-02
738538 2			39,663.00	39,283.96	Aug-25-03	10.990%	CA - 20.00%	Paid Off - 240	Nov-08-02
712145 2			135,000.00	134,414.36	Sep-29-03	9.750%	NJ - 68.88%	Paid Off - 360	Nov-07-02
738635 2			148,000.00	144,352.19	Aug-15-03	7.750%	CA - 80.00%	Paid Off - 180	Nov-12-02
713021 2			137,700.00	137,070.73	Sep-03-03	9.500%	MI - 85.00%	Paid Off - 360	Nov-07-02
738718 2			180,000.00	179,010.91	Aug-27-03	8.000%	MI - 80.00%	Paid Off - 360	Nov-14-02
714486 2			154,800.00	153,675.08	Sep-18-03	7.750%	NH - 90.00%	Paid Off - 360	Oct-29-02
739377 2			142,350.00	141,774.05	Aug-25-03	9.500%	CA - 65.00%	Paid Off - 360	Nov-27-02
717771 2			216,750.00	215,394.27	Oct-01-03	8.500%	CA - 78.82%	Paid Off - 360	Nov-01-02
739647 2			160,000.00	159,172.23	Aug-21-03	8.300%	RI - 80.00%	Paid Off - 360	Nov-19-02
718871 2			148,500.00	147,531.90	Sep-03-03	7.750%	CA - 90.00%	Paid Off - 360	Nov-14-02
740243 2			35,000.00	34,800.61	Aug-05-03	8.150%	AL - 70.00%	Paid Off - 360	Nov-08-02
719041 2			127,500.00	126,882.85	Sep-17-03	9.750%	IL - 85.00%	Paid Off - 360	Nov-08-02
740576 2			111,350.00	110,605.93	Aug-19-03	8.500%	MI - 85.00%	Paid Off - 360	Nov-27-02
720220 2			124,950.00	124,374.77	Oct-01-03	9.990%	IL - 85.00%	Paid Off - 360	Nov-04-02
740885 2			45,000.00	44,893.77	Aug-15-03	12.020%	TX - 75.00%	Paid Off - 360	Nov-26-02
720991 2			46,000.00	44,871.55	Sep-12-03	8.990%	LA - 68.66%	Paid Off - 180	Nov-06-02
740923 2			121,800.00	121,331.69	Aug-05-03	9.750%	VA - 70.00%	Paid Off - 360	Nov-27-02
721137 2			49,000.00	48,808.62	Sep-17-03	10.250%	MI - 70.00%	Paid Off - 360	Nov-27-02
741112 2			102,800.00	102,079.99	Aug-22-03	7.990%	TX - 80.00%	Paid Off - 360	Nov-14-02
723364 2			200,000.00	199,086.04	Sep-15-03	9.500%	MI - 79.68%	Paid Off - 360	Nov-06-02
741665 2			108,000.00	107,630.57	Aug-27-03	10.300%	IL - 80.00%	Paid Off - 360	Nov-27-02
723749 2			37,135.00	36,733.83	Sep-23-03	10.990%	OR - 20.00%	Paid Off - 240	Nov-07-02
742244 2			324,800.00	322,886.43	Aug-28-03	7.650%	CA - 79.22%	Paid Off - 360	Nov-21-02
723991 2			328,000.00	326,095.16	Sep-30-03	8.990%	MA - 80.00%	Paid Off - 360	Nov-07-02
743160 2			344,000.00	341,692.42	Aug-22-03	6.990%	CA - 80.00%	Paid Off - 360	Nov-26-02
724624 2			123,250.00	122,686.72	Sep-30-03	9.500%	IL - 85.00%	Paid Off - 360	Nov-08-02
743770 2			348,500.00	346,259.95	Aug-25-03	7.500%	CA - 85.00%	Paid Off - 360	Nov-25-02
726631 2			361,250.00	358,486.90	Sep-10-03	7.490%	CA - 85.00%	Paid Off - 360	Oct-31-02
743973 2			373,000.00	370,841.29	Aug-12-03	7.740%	NJ - 71.46%	Paid Off - 360	Nov-15-02
726696 2			45,100.00	44,881.71	Sep-30-03	9.750%	MO - 55.00%	Paid Off - 360	Oct-28-02
744258 2			81,000.00	80,605.10	Aug-11-03	9.040%	FL - 73.64%	Paid Off - 360	Nov-27-02
726949 2			89,000.00	86,770.80	Sep-30-03	8.750%	FL - 58.55%	Paid Off - 180	Nov-27-02
745070 2			265,500.00	263,888.72	Aug-07-03	7.500%	CA - 90.00%	Paid Off - 360	Nov-27-02
727778 2			126,000.00	125,292.71	Sep-23-03	8.500%	CT - 69.23%	Paid Off - 360	Nov-04-02
747009 2			199,800.00	198,645.97	Aug-13-03	7.750%	CA - 90.00%	Paid Off - 360	Nov-29-02
728528 2			90,750.00	90,350.46	Sep-25-03	10.840%	TN - 75.00%	Paid Off - 360	Nov-27-02
748138 2			128,250.00	127,644.37	Aug-11-03	8.750%	NJ - 95.00%	Paid Off - 360	Nov-15-02
728650 2			79,050.00	78,722.41	Oct-01-03	10.490%	MI - 85.00%	Paid Off - 360	Oct-29-02
749544 2			134,400.00	133,409.37	Aug-19-03	6.500%	CA - 80.00%	Paid Off - 360	Nov-20-02
728746 2			520,000.00	517,359.87	Sep-12-03	8.990%	FL - 80.00%	Paid Off - 360	Nov-12-02
749906 2			52,600.00	52,097.29	Aug-25-03	10.990%	CO - 20.00%	Paid Off - 240	Nov-21-02
728908 2			22,000.00	21,746.92	Sep-23-03	10.500%	CO - 20.00%	Paid Off - 240	Nov-12-02
750522 2			147,900.00	145,546.27	Aug-05-03	8.490%	RI - 85.00%	Paid Off - 240	Nov-27-02
730149 2			90,400.00	89,955.53	Sep-09-03	10.140%	CA - 80.00%	Paid Off - 360	Oct-31-02
753963 2			393,750.00	391,888.51	Aug-11-03	9.850%	AZ - 75.00%	Paid Off - 360	Nov-27-02
732094 2			152,000.00	151,049.26	Sep-03-03	8.500%	TX - 80.00%	Paid Off - 360	Nov-04-02
					Page 22 of 27				© COPYRIGHT 2003 Deutsche Bank
733846 2			360,000.00	359,914.08	Sep-10-03	5.820%	CA - 80.00%	Paid Off - 300	Oct-31-02
735307 2			76,500.00	76,070.89	Sep-30-03	8.500%	CA - 85.00%	Paid Off - 360	Nov-07-02
					Page 22 of 28				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. 2003-NC2
	Mortgage Pass-Through Certificates
	Realized Loss Report for September 25, 2003 Distribution
	Prepayment Detail Report for October 27, 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
735380 2			380,000.00	377,130.34	Sep-18-03	7.000%	CA - 79.33%	Paid Off - 360	Nov-06-02
735697 2			154,000.00	153,357.22	Sep-24-03	10.500%	CA - 73.33%	Paid Off - 360	Nov-05-02
737101 2			128,000.00	127,472.97	Sep-22-03	10.000%	MI - 80.00%	Paid Off - 360	Nov-27-02
737211 2			136,116.00	132,632.35	Sep-23-03	8.500%	CA - 57.00%	Paid Off - 180	Nov-27-02
737301 2			537,600.00	533,532.28	Sep-25-03	6.990%	CA - 80.00%	Paid Off - 360	Nov-07-02
737412 2			597,276.00	593,916.79	Sep-19-03	8.500%	CA - 90.00%	Paid Off - 360	Nov-25-02
738319 2			158,000.00	157,113.68	Sep-17-03	8.500%	MA - 68.70%	Paid Off - 360	Nov-27-02
738511 2			118,125.00	117,428.01	Sep-04-03	8.250%	MD - 75.00%	Paid Off - 360	Nov-19-02
738633 2			158,400.00	157,664.49	Sep-29-03	10.500%	CA - 80.00%	Paid Off - 360	Nov-27-02
738737 2			51,850.00	51,583.90	Sep-25-03	9.150%	MO - 89.40%	Paid Off - 360	Nov-15-02
739119 2		FCL	400,000.00	397,514.00	Sep-30-03	7.990%	NJ - 66.67%	Paid Off - 360	Nov-08-02
739607 2			200,000.00	198,525.50	Sep-25-03	7.950%	MA - 80.00%	Paid Off - 360	Nov-27-02
740044 2			134,400.00	133,523.87	Sep-19-03	7.750%	CA - 59.73%	Paid Off - 360	Nov-21-02
741117 2			76,330.00	75,958.14	Sep-22-03	9.500%	IN - 85.00%	Paid Off - 360	Nov-27-02
741373 2			188,000.00	186,943.27	Sep-30-03	8.490%	MI - 81.74%	Paid Off - 360	Nov-21-02
741837 2			120,700.00	119,987.93	Sep-02-03	8.250%	WI - 85.00%	Paid Off - 360	Nov-12-02
742386 2			430,500.00	426,920.49	Sep-19-03	6.500%	IL - 76.19%	Paid Off - 360	Nov-15-02
742564 2			60,000.00	58,395.79	Sep-03-03	7.990%	CA - 34.29%	Paid Off - 180	Nov-15-02
742624 2			200,000.00	198,820.13	Sep-12-03	8.250%	CA - 80.00%	Paid Off - 360	Nov-26-02
743010 2			82,500.00	82,017.17	Sep-05-03	8.290%	VA - 66.80%	Paid Off - 360	Nov-27-02
743136 2			399,990.00	395,201.59	Sep-26-03	5.950%	TX - 80.00%	Paid Off - 360	Nov-14-02
744711 2			92,000.00	91,482.88	Sep-30-03	8.490%	MI - 80.00%	Paid Off - 360	Nov-26-02
744741 2			340,200.00	336,646.97	Sep-04-03	5.320%	CA - 90.00%	Paid Off - 300	Nov-15-02
745461 2			72,000.00	69,952.40	Sep-25-03	6.750%	MI - 62.07%	Paid Off - 180	Nov-19-02
746111 2			440,000.00	437,531.92	Sep-09-03	8.500%	TX - 89.68%	Paid Off - 360	Nov-15-02
746327 2			358,967.00	356,121.95	Sep-02-03	6.750%	CA - 94.96%	Paid Off - 360	Nov-22-02
746771 2			112,000.00	111,402.15	Sep-03-03	8.750%	FL - 80.00%	Paid Off - 360	Nov-29-02
746900 2			78,000.00	77,515.18	Sep-05-03	7.990%	AZ - 74.29%	Paid Off - 360	Nov-26-02
747109 2			221,000.00	220,220.39	Sep-25-03	10.730%	CA - 65.00%	Paid Off - 360	Nov-26-02
747436 2			148,000.00	147,250.13	Sep-04-03	9.000%	FL - 80.00%	Paid Off - 360	Nov-22-02
748652 2			216,000.00	215,156.37	Sep-25-03	10.250%	IL - 80.00%	Paid Off - 360	Nov-26-02
754010 2			172,800.00	171,851.70	Sep-18-03	8.990%	NJ - 90.00%	Paid Off - 360	Nov-29-02
754342 2			86,400.00	83,990.66	Sep-19-03	7.500%	CO - 80.00%	Paid Off - 180	Nov-27-02
754668 2			284,750.00	282,439.38	Sep-05-03	6.900%	CA - 85.00%	Paid Off - 360	Nov-22-02
755089 2		FCL	374,400.00	372,073.14	Sep-30-03	7.990%	CA - 80.00%	Paid Off - 360	Nov-27-02
					Page 23 of 28				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. 2003-NC2
	Mortgage Pass-Through Certificates
	Realized Loss Report for October 27, 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					-	1	1
	Collateral Realized Loss/(Gain) Amount					-	7,554.65	7,554.65
	Net Liquidation Proceeds					-	(105.32)	(105.32)
	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 23 of 27				© COPYRIGHT 2003 Deutsche Bank
				Page 24 of 28				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. 2003-NC2
	Mortgage Pass-Through Certificates
	Realized Loss Report for September 25, 2003 Distribution
	Realized Loss Report for October 27, 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%	0.0300%	0.0200%
	12 Months Avg SDA Approximation
	Avg SDA Since Cut-off Approximation					0.00%	0.0201%	0.01%
	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 24 of 27				© COPYRIGHT 2003 Deutsche Bank
				Page 25 of 28				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. 2003-NC2
	Mortgage Pass-Through Certificates
	Realized Loss Report for September 25, 2003 Distribution
	Realized Loss Report for October 27, 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 25 of 27				© COPYRIGHT 2003 Deutsche Bank
				Page 26 of 28				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. 2003-NC2
	Mortgage Pass-Through Certificates
	Realized Loss Detail Report for September 25, 2003 Distribution
	Realized Loss Detail Report for October 27, 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 26 of 27				© COPYRIGHT 2003 Deutsche Bank
					Page 27 of 28				© 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 September 25, 2003 Distribution
	Triggers, Adj. Rate Cert. and Miscellaneous Report for October 27, 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))							2.4285%
	(x) Rolling 3-month avg. of 60+ Day Delinq. Loans							2326,~~304~~523,~~006~~184.7487
	(y) Stated Principal Balance							~~964~~930,~~495~~122,~~257~~404.4749
	(B) 40% of Sr. Enhancement Percentage							9.0734%
	2. Does (A) exceed (B)?							No
	(A) Realized Loss % (quotient of (x) over (y))							0.00%
	(x) Agg. Realized Losses to date							7,554.65
	(y) Cut-off Date Pool Principal Balance							1,082,683,538.28
	(B) Applicable Percentage							100.00%
	Senior Enhancement Percentage (Prior)							2223.6735%
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
	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 27 of 27				© COPYRIGHT 2003 Deutsche Bank
				Page 28 of 28				© COPYRIGHT 2003 Deutsche Bank

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