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): ~~November~~December 2526, 2003 MORGAN STANLEY ABS CAPITAL I INC. (as Depositor, Countrywide Home Loans Servicing LP as Servicer, NC Capital Corporation, as Responsible Party and Deutsche Bank National Trust Company, as Trustee MORGAN STANLEY ABS MORT PASS THR CERTS SER 2003-NC10 (Exact name of Registrant as specified in its Charter) DELAWARE (State or Other Jurisdiction of Incorporation) 333-104046-14 13-3939229 (Commission File Number) (I.R.S. Employer Identification No.) 1585 BROADWAY, 2ND FLOOR NEW YORK, NEW YORK 10036 (Address of principal executive offices) (Zip Code) Registrant's Telephone Number, Including Area Code: (212) 761-4000 Item 5. Other Events Attached hereto is a copy of the Monthly Remittance Statements to the Certificateholders which was derived from the monthly information submitted by the Master Servicer of the Trust to the Trustee. Item 7. Financial Statement and Exhibits Exhibits: (as noted in Item 5 above) Monthly Remittance Statement to the Certificateholders dated as of ~~November~~December 2526, 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 October 1,2003. Date: ~~Nov~~Jan 2602, ~~2003~~2004 By: /s/ Katherine M. Wannenmacher Katherine M. Wannenmacher Vice President EXHIBIT INDEX DOCUMENT Monthly Remittance Statement to the Certificateholders dated as of ~~November~~December 2526, 2003.

	Morgan Stanley ABS Capital I Inc. 2003-NC10
	Mortgage Pass-Through Certificates
	November 25, 2003 Distribution
	December 26, 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				2021
			12.	Realized Loss Detail Report				2324
			13.	Triggers, Adj. Rate Cert. and Miscellaneous Report				2425
				Total Number of Pages				2425
			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: October 1, 2003
	Certificate Insurer(s):							Closing Date: October 28, 2003
								First Payment Date: November 25, 2003
	Servicer(s):		Countrywide Home Loans Serv Master Servicer
								Distribution Date: November 25, 2003
								Distribution Date: December 26, 2003
	Underwriter(s):		Morgan Stanley Dean Witter					Record Date: ~~November~~December 24, 2003
								October 31, 2003
								November 28, 2003
						Page 1 of 24					© COPYRIGHT 2003 Deutsche Bank
						Page 1 of 25					© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley ABS Capital I Inc. 2003-NC10
	Mortgage Pass-Through Certificates
	REMIC II Series 2003-NC10
	Certificate Payment Report for November 25, 2003 Distribution
	Certificate Payment Report for December 26, 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	796,137,000.00			~~796~~791,~~137~~460,~~000~~413.0058	~~965~~1,~~979~~062,343.5624	48,~~676~~669,~~586~~055.4222	59,~~642~~731,~~565~~398.9846	-	-	782,791,~~460,413~~358.5836
A-2	FLT, STEP	268,000,000.00			~~268~~263,~~000~~297,~~000~~131.0086	~~275~~298,~~146~~997.6766	45,~~702~~691,~~868~~146.1433	45,~~978~~990,~~014~~143.8199	-	-	~~263~~257,~~297~~605,~~131~~985.8653
A-3	FLT, STEP	100,707,000.00			100,707,000.00	~~129~~142,~~240~~979.6546	-	~~129~~142,~~240~~979.6546	-	-	100,707,000.00
M-1	MEZ, FLT,ST	93,044,000.00			93,044,000.00	~~130~~144,~~261~~118.6005	-	~~130~~144,~~261~~118.6005	-	-	93,044,000.00
M-2	MEZ, FLT,ST	77,897,000.00			77,897,000.00	~~176~~195,~~912~~783.7483	-	~~176~~195,~~912~~783.7483	-	-	77,897,000.00
M-3	MEZ, FLT,ST	15,147,000.00			15,147,000.00	3640,~~756~~678.7264	-	3640,~~756~~678.7264	-	-	15,147,000.00
B-1	SUB, FLT,ST	16,589,000.00			16,589,000.00	5763,~~029~~121.3072	-	5763,~~029~~121.3072	-	-	16,589,000.00
B-2	SUB, FLT,ST	19,474,000.00			19,474,000.00	7381,~~763~~645.1842	-	7381,~~763~~645.1842	-	-	19,474,000.00
B-3	SUB, FLT,ST	20,195,000.00			20,195,000.00	7684,~~494~~668.1724	-	7684,~~494~~668.1724	-	-	20,195,000.00
X	SUB	35,342,260.00			35,342,~~260~~040.0043	6,~~280~~034,~~541~~464.3176	~~219.57~~-	6,~~280~~034,~~760~~464.8876	-	-	35,342,040.43
UT-R	R	-			-	-	-	-	-	-	-
P	SUB,EXE	-			-	86169,~~166~~719.5427	-	86169,~~166~~719.5427	-	-	-
Total		1,442,532,260.00			1,~~442~~433,~~532~~152,~~260~~585.0087	8,~~288~~318,~~292~~520.4429	914,~~379~~360,~~674~~201.1355	1722,~~667~~678,~~966~~721.5784	-	-	1,~~433~~418,~~152~~792,~~585~~384.8732
	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	1011/2825/03	1112/2425/03		A-Act/360	61746RED9	796,137,000.00	~~1,000~~994.~~000000~~125902	1.~~213333~~334372	510.~~874098~~888899	712.~~087431~~223271	~~994~~983.~~125902~~237004
A-2	1011/2825/03	1112/2425/03		A-Act/360	61746RDW8	268,000,000.00	~~1,000~~982.~~000000~~451985	1.~~026667~~115663	1721.~~548015~~235621	1822.~~574682~~351284	~~982~~961.~~451985~~216364
A-3	1011/2825/03	1112/2425/03		A-Act/360	61746REE7	100,707,000.00	1,000.000000	1.~~283333~~419757	-	1.~~283333~~419757	1,000.000000
M-1	1011/2825/03	1112/2425/03		A-Act/360	61746RDX6	93,044,000.00	1,000.000000	1.~~400000~~548924	-	1.~~400000~~548924	1,000.000000
M-2	1011/2825/03	1112/2425/03		A-Act/360	61746RDY4	77,897,000.00	1,000.000000	2.~~271111~~513368	-	2.~~271111~~513368	1,000.000000
M-3	1011/2825/03	1112/2425/03		A-Act/360	61746RDZ1	15,147,000.00	1,000.000000	2.~~426667~~685591	-	2.~~426667~~685591	1,000.000000
B-1	1011/2825/03	1112/2425/03		A-Act/360	61746REA5	16,589,000.00	1,000.000000	3.~~437778~~805035	-	3.~~437778~~805035	1,000.000000
B-2	1011/2825/03	1112/2425/03		A-Act/360	61746REB3	19,474,000.00	1,000.000000	34.~~787778~~192535	-	34.~~787778~~192535	1,000.000000
B-3	1011/2825/03	1112/2425/03		A-Act/360	61746REC1	20,195,000.00	1,000.000000	34.~~787778~~192535	-	34.~~787778~~192535	1,000.000000
X	1011/2825/03	1112/2425/03		A-Act/360		35,342,260.00	~~1,000~~999.~~000000~~993787	~~177~~170.~~706273~~743602	~~0.006213~~-	~~177~~170.~~712486~~743602	999.993787
UT-R	1011/2825/03	1112/2425/03		-		-	-	-	-	-	-
P	1011/2825/03	1112/2425/03		-		-	-	-	-	-	-
							Page 2 of 24				© COPYRIGHT 2003 Deutsche Bank
							Page 2 of 25				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley ABS Capital I Inc. 2003-NC10
	Mortgage Pass-Through Certificates
	REMIC II Series 2003-NC10
	Certificate Payment Report for November 25, 2003 Distribution
	Certificate Payment Report for December 26, 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	796,137,000.00		~~965~~2,~~979~~028,322.5680		412,~~069~~004,~~091~~298.8377	~~607~~1,~~494~~341,342.5987	413,~~676~~345,~~586~~641.4264	515,~~642~~373,~~565~~964.9844	-	-	782,791,~~460,413~~358.5836
A-2	268,000,000.00		~~275~~574,~~146~~144.6733		49,~~091~~301,~~959~~341.5193	~~610~~1,~~908~~092,672.6253	410,~~702~~394,~~868~~014.1447	410,~~978~~968,~~014~~158.8180	-	-	~~263~~257,~~297~~605,~~131~~985.8653
A-3	100,707,000.00		~~129~~272,~~240~~220.6511		-	-	-	~~129~~272,~~240~~220.6511	-	-	100,707,000.00
M-1	93,044,000.00		~~130~~274,~~261~~379.6065		-	-	-	~~130~~274,~~261~~379.6065	-	-	93,044,000.00
M-2	77,897,000.00		~~176~~372,~~912~~696.7457		-	-	-	~~176~~372,~~912~~696.7457	-	-	77,897,000.00
M-3	15,147,000.00		3677,~~756~~435.7236		-	-	-	3677,~~756~~435.7236	-	-	15,147,000.00
B-1	16,589,000.00		57120,~~029~~151.3002		-	-	-	57120,~~029~~151.3002	-	-	16,589,000.00
B-2	19,474,000.00		73155,~~763~~408.1860		-	-	-	73155,~~763~~408.1860	-	-	19,474,000.00
B-3	20,195,000.00		76161,~~494~~162.1741		-	-	-	76161,~~494~~162.1741	-	-	20,195,000.00
X	35,342,260.00		612,~~280~~315,~~541~~006.3107		191.05	28.52	219.57	612,~~280~~315,~~760~~225.8864	-	-	35,342,040.43
UT-R	-		-		-	-	-	-	-	-	-
P	-		86255,~~166~~885.5481		-	-	-	86255,~~166~~885.5481	-	-	-
Total	1,442,532,260.00		816,~~288~~606,~~292~~812.4473		821,~~161~~305,~~242~~831.3975	12,~~218~~434,~~431~~043.7493	923,~~379~~739,~~674~~875.1368	1740,~~667~~346,~~966~~688.5741	-	-	1,~~433~~418,~~152~~792,~~585~~384.8732
	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.~~56000~~55875%	~~796~~791,~~137~~460,~~000~~413.0058			~~965~~1,~~979~~062,343.5624	-	-	-	~~965~~1,~~979~~062,343.5624	~~965~~1,~~979~~062,343.5624	-
A-2	1.~~32000~~31875%	~~268~~263,~~000~~297,~~000~~131.0086			~~275~~298,~~146~~997.6766	-	-	-	~~275~~298,~~146~~997.6766	~~275~~298,~~146~~997.6766	-
A-3	1.~~65000~~64875%	100,707,000.00			~~129~~142,~~240~~979.6546	-	-	-	~~129~~142,~~240~~979.6546	~~129~~142,~~240~~979.6546	-
M-1	1.~~80000~~79875%	93,044,000.00			~~130~~144,~~261~~118.6005	-	-	-	~~130~~144,~~261~~118.6005	~~130~~144,~~261~~118.6005	-
M-2	2.~~92000~~91875%	77,897,000.00			~~176~~195,~~912~~783.7483	-	-	-	~~176~~195,~~912~~783.7483	~~176~~195,~~912~~783.7483	-
M-3	3.~~12000~~11875%	15,147,000.00			3640,~~756~~678.7264	-	-	-	3640,~~756~~678.7264	3640,~~756~~678.7264	-
B-1	4.~~42000~~41875%	16,589,000.00			5763,~~029~~121.3072	-	-	-	5763,~~029~~121.3072	5763,~~029~~121.3072	-
B-2	4.~~87000~~86875%	19,474,000.00			7381,~~763~~645.1842	-	-	-	7381,~~763~~645.1842	7381,~~763~~645.1842	-
B-3	4.~~87000~~86875%	20,195,000.00			7684,~~494~~668.1724	-	-	-	7684,~~494~~668.1724	7684,~~494~~668.1724	-
X	5.~~22461~~05275%	35,342,~~260~~040.0043			6,~~280~~034,~~541~~464.3176	-	-	-	6,~~280~~034,~~541~~464.3176	6,~~280~~034,~~541~~464.3176	-
UT-R		-			-	-	-	-	-	-	-
P		-			86169,~~166~~719.5427	-	-	-	86169,~~166~~719.5427	86169,~~166~~719.5427	-
Total		1,~~442~~433,~~532~~152,~~260~~585.0087			8,~~288~~318,~~292~~520.4429	-	-	-	8,~~288~~318,~~292~~520.4429	8,~~288~~318,~~292~~520.4429	-
							Page 3 of 24				© COPYRIGHT 2003 Deutsche Bank
							Page 3 of 25				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley ABS Capital I Inc. 2003-NC10
	Mortgage Pass-Through Certificates
	Collection Account Report for November 25, 2003 Distribution
	Collection Account Report for December 26, 2003 Distribution
	Collection Account Report
SUMMARY						GROUP 2	GROUP 1	TOTAL
	Principal Collections					45,~~702~~691,~~978~~146.2333	48,~~676~~669,~~695~~055.9022	914,~~379~~360,~~674~~201.1355
	Principal Other Accounts					0.00	0.00	0.00
	TOTAL NET PRINCIPAL					45,~~702~~691,~~978~~146.2333	48,~~676~~669,~~695~~055.9022	914,~~379~~360,~~674~~201.1355
	Interest Collections					2,~~627~~597,~~036~~459.0347	5,~~672~~633,~~235~~929.9957	8,~~299~~231,~~272~~389.0204
	Interest Withdrawals					0.00	0.00	0.00
	Interest Other Accounts					0.00	0.00	0.00
	Interest Fees					(2926,~~287~~234.7200)	(6756,~~858~~354.4002)	(9782,~~146~~588.1202)
	TOTAL NET INTEREST					2,~~597~~571,~~748~~225.3147	5,~~604~~577,~~377~~575.5955	8,~~202~~148,~~125~~801.9002
	TOTAL PRINCIPAL & INTEREST DISTRIBUTABLE					78,~~300~~262,~~726~~371.5480	1014,~~281~~246,~~073~~630.4977	1722,~~581~~509,~~800~~002.0357
	Prepayment Penalties Collected							86169,~~166~~719.5427
	TOTAL AVAILABLE FUNDS FOR DISTRIBUTION							1722,~~667~~678,~~966~~721.5784
PRINCIPAL - COLLECTIONS						GROUP 2	GROUP 1	TOTAL
	Scheduled Principal Received					~~394~~392,~~073~~895.2418	~~824~~822,~~358~~717.5001	1,~~218~~215,~~431~~612.7419
	Prepayments In Full					45,~~259~~272,~~551~~781.3952	37,~~764~~797,~~343~~466.6557	813,~~023~~070,~~895~~248.0409
	Curtailments					4725,~~822~~469.5363	8748,~~742~~871.4964	~~135~~74,~~565~~341.0227
	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					~~1,531~~0.0700	~~251~~0.2600	~~1,782~~0.3300
	Total Realized Loss Of Principal					0.00	0.00	0.00
	Delinquent Principal					(~~337~~341,~~026~~478.2816)	(~~691~~715,~~541~~338.2014)	(1,~~028~~056,~~567~~816.4830)
	Advanced Principal					~~337~~341,~~026~~478.2816	~~691~~715,~~541~~338.2014	1,~~028~~056,~~567~~816.4830
	TOTAL PRINCIPAL COLLECTED					45,~~702~~691,~~978~~146.2333	48,~~676~~669,~~695~~055.9022	914,~~379~~360,~~674~~201.1355
				Page 4 of 24				© COPYRIGHT 2003 Deutsche Bank
				Page 4 of 25				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley ABS Capital I Inc. 2003-NC10
	Mortgage Pass-Through Certificates
	Collection Account Report for November 25, 2003 Distribution
	Collection Account Report for December 26, 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,~~789~~760,~~178~~684.5866	65,~~017~~988,~~728~~965.2258	8,~~806~~749,~~906~~650.8024
	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,~~381~~400,~~642~~410.5354)	(5,~~084~~222,~~272~~052.3791)	(7,~~465~~622,~~914~~463.9045)
	Interest Advanced					2,~~219~~237,~~499~~185.9835	4,~~738~~867,~~780~~016.1490	67,~~958~~104,~~280~~202.1225
	TOTAL INTEREST COLLECTED					2,~~627~~597,~~036~~459.0347	5,~~672~~633,~~235~~929.9957	8,~~299~~231,~~272~~389.0204
				Page 5 of 24				© COPYRIGHT 2003 Deutsche Bank
				Page 5 of 25				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley ABS Capital I Inc. 2003-NC10
	Mortgage Pass-Through Certificates
	Collection Account Report for November 25, 2003 Distribution
	Collection Account Report for December 26, 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					2825,~~108~~066.1659	6553,~~311~~819.4212	9378,~~419~~885.5871
	Trustee Fees					1,~~179~~167.5641	2,~~546~~534.9890	3,~~726~~702.5431
	TOTAL INTEREST OTHER FEES					2926,~~287~~234.7200	6756,~~858~~354.4002	9782,~~146~~588.1202
				Page 6 of 24				© COPYRIGHT 2003 Deutsche Bank
				Page 6 of 25				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley ABS Capital I Inc. 2003-NC10
	Mortgage Pass-Through Certificates
	Credit Enhancement Report for November 25, 2003 Distribution
	Credit Enhancement Report for December 26, 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							35,342,~~259~~040.9437
	Ending Subordinated Amount							35,342,040.37
	Specified Subordinated Amount							35,342,040.37
	Senior Enhancement Percentage							19.3857%
				Page 7 of 24				© COPYRIGHT 2003 Deutsche Bank
				Page 7 of 25				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley ABS Capital I Inc. 2003-NC10
	Mortgage Pass-Through Certificates
	Collateral Report for November 25, 2003 Distribution
	Collateral Report for December 26, 2003 Distribution
	Collateral Report
COLLATERAL						GROUP 2	GROUP 1	TOTAL
	Loan Count:
	Original					2357	6419	8776
	Prior					-2,342	-6,400	-8,742
	Prefunding					-	-	-
	Scheduled Paid Offs					-	-	-
	Full Voluntary Prepayments					(1521)	(1945)	(3466)
	Repurchases					-	-	-
	Liquidations					-	-	-
	Current					2,~~342~~321	6,~~400~~355	8,~~742~~676
	Principal Balance:
	Original					456,601,710.70	985,928,766.91	1,442,530,477.61
	Prior					-451,900,263.54	-981,252,322.27	-1,433,152,585.81
	Prefunding					-	-	-
	Scheduled Principal					(~~394~~392,~~073~~895.2418)	(~~824~~822,~~358~~717.5001)	(1,~~218~~215,~~431~~612.7419)
	Partial and Full Voluntary Prepayments					(45,~~307~~298,~~373~~251.9215)	(37,~~852~~846,~~086~~338.1421)	(813,~~159~~144,~~460~~589.0636)
	Repurchases					-	-	-
	Liquidations					-	-	-
	Current					~~451~~446,~~900~~209,~~263~~117.5421	~~981~~972,~~252~~583,~~322~~267.2705	1,~~433~~418,~~152~~792,~~585~~384.8126
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
				Page 8 of 25				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley ABS Capital I Inc. 2003-NC10
	Mortgage Pass-Through Certificates
	Collateral Report for November 25, 2003 Distribution
	Collateral Report for December 26, 2003 Distribution
	Collateral Report
CHARACTERISTICS						GROUP 2	GROUP 1	TOTAL
	Weighted Average Coupon Original					7.330271%	7.324336%	7.326215%
	Weighted Average Coupon Prior					7.330271%	7.324336%	7.326215%
	Weighted Average Coupon Current					7.~~330271~~330869%	7.~~324336~~324068%	7.~~326215~~326212%
	Weighted Average Months to Maturity Original					344	352	349
	Weighted Average Months to Maturity Prior					-344	-352	-349
	Weighted Average Months to Maturity Current					~~344~~343	~~352~~351	~~349~~348
	Weighted Avg Remaining Amortization Term Original					343	352	349
	Weighted Avg Remaining Amortization Term Prior					-343	-352	-349
	Weighted Avg Remaining Amortization Term Current					~~343~~342	~~352~~351	~~349~~348
	Weighted Average Seasoning Original					3.19	3.17	3.18
	Weighted Average Seasoning Prior					-3.19	-3.17	-3.18
	Weighted Average Seasoning Current					34.19	34.17	34.18
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
				Page 9 of 25				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley ABS Capital I Inc. 2003-NC10
	Mortgage Pass-Through Certificates
	Collateral Report for November 25, 2003 Distribution
	Collateral Report for December 26, 2003 Distribution
	Collateral Report
ARM CHARACTERISTICS						GROUP 2	GROUP 1	TOTAL
	Weighted Average Margin Original					3.611%	4.294%
	Weighted Average Margin Prior					3.611%	4.294%
	Weighted Average Margin Current					3.~~611~~613%	4.~~294~~292%
	Weighted Average Max Rate Original					9.054%	10.854%
	Weighted Average Max Rate Prior					9.054%	10.854%
	Weighted Average Max Rate Current					9.~~054~~056%	10.~~854~~850%
	Weighted Average Min Rate Original					4.490%	5.604%
	Weighted Average Min Rate Prior					4.490%	5.604%
	Weighted Average Min Rate Current					4.~~490~~491%	5.~~604~~602%
	Weighted Average Cap Up Original					1.024%	1.137%
	Weighted Average Cap Up Prior					1.024%	1.137%
	Weighted Average Cap Up Current					1.~~024~~023%	1.137%
	Weighted Average Cap Down Original					1.024%	1.137%
	Weighted Average Cap Down Prior					1.024%	1.137%
	Weighted Average Cap Down Current					1.~~024~~023%	1.137%
Note: Original information refers to deal issue.
SERVICING FEES / ADVANCES						GROUP 2	GROUP 1	TOTAL
	Current Servicing Fees					2825,~~108~~066.1659	6553,~~311~~819.4212	9378,~~419~~885.5871
	Delinquent Servicing Fees					~~162~~163,~~142~~225.5619	~~345~~355,~~492~~036.2301	~~507~~518,~~634~~261.7920
	TOTAL SERVICING FEES					~~190~~188,~~250~~291.7278	~~410~~408,~~803~~855.6513	~~601~~597,~~054~~146.3791
	Prepayment Interest Shortfall					615,~~676~~051.3505	523,~~418~~634.4180	1238,~~094~~685.7685
	Compensating Interest					(615,~~676~~051.3505)	(523,~~418~~634.4180)	(1238,~~094~~685.7685)
	Delinquent Servicing Fees					(~~162~~163,~~142~~225.5619)	(~~345~~355,~~492~~036.2301)	(~~507~~518,~~634~~261.7920)
	COLLECTED SERVICING FEES					2825,~~108~~066.1659	6553,~~311~~819.4212	9378,~~419~~885.5871
	Aggregate Advances with respect to this Distribution					2,~~556~~578,~~526~~663.2651	5,~~430~~582,~~321~~355.3404	78,~~986~~161,~~847~~018.6055
	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							6,~~280~~034,~~541~~464.3176
	Ending Pool Stated Principal Balance					~~451~~446,~~900~~209,~~263~~117.5421	~~981~~972,~~252~~583,~~322~~267.2705	1,~~433~~418,~~152~~792,~~585~~384.8126
				Page 10 of 24				© COPYRIGHT 2003 Deutsche Bank
				Page 10 of 25				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley ABS Capital I Inc. 2003-NC10
	Mortgage Pass-Through Certificates
	Delinquency Report for November 25, 2003 Distribution
	Delinquency Report for December 26, 2003 Distribution
	Delinquency Report - Total
				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			~~542~~19,~~819~~964,151.9916	-226,936.93	-	~~542~~20,~~819~~191,088.9909
		% Balance			01.0441%	0.0002%	0.00%	01.0442%
		# Loans			4129	-3	-	4132
		% # Loans			01.0549%	0.0003%	0.00%	01.0552%
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		1,~~269~~268,~~468~~426.5670	-537,289.07	-	-	1,~~269~~805,~~468~~715.5677
		% Balance		0.09%	0.0004%	0.00%	0.00%	0.0913%
		# Loans		10	-3	-	-	1013
		% # Loans		0.1112%	0.0003%	0.00%	0.00%	0.1115%
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,~~269~~268,~~468~~426.5670	~~542~~20,~~819~~501,440.9923	-226,936.93	-	121,~~812~~996,~~288~~803.5586
		% Balance		0.09%	01.0444%	0.0002%	0.00%	01.1355%
		# Loans		10	4132	-3	-	14145
		% # Loans		0.1112%	01.0552%	0.0003%	0.00%	01.1667%
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
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	Morgan Stanley ABS Capital I Inc. 2003-NC10
	Mortgage Pass-Through Certificates
	Delinquency Report for November 25, 2003 Distribution
	Delinquency Report for December 26, 2003 Distribution
	Delinquency Report - Group 1 Group
				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			~~471~~11,~~566~~800,980.7173	-99,830.07	-	~~471~~11,~~566~~900,810.7180
		% Balance			01.0521%	0.0001%	0.00%	01.0522%
		# Loans			385	-1	-	386
		% # Loans			01.0534%	0.0002%	0.00%	01.0535%
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		~~826~~825,~~011~~360.6993	-88,915.00	-	-	~~826~~914,~~011~~275.6993
		% Balance		0.08%	0.0001%	0.00%	0.00%	0.0809%
		# Loans		7	-1	-	-	78
		% # Loans		0.11%	0.0002%	0.00%	0.00%	0.1113%
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		~~826~~825,~~011~~360.6993	~~471~~11,~~566~~889,895.7173	-99,830.07	-	112,~~297~~815,~~578~~086.4073
		% Balance		0.08%	01.0522%	0.0001%	0.00%	01.1332%
		# Loans		7	386	-1	-	1094
		% # Loans		0.11%	01.0535%	0.0002%	0.00%	01.1648%
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
				Page 12 of 25				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley ABS Capital I Inc. 2003-NC10
	Mortgage Pass-Through Certificates
	Delinquency Report for November 25, 2003 Distribution
	Delinquency Report for December 26, 2003 Distribution
	Delinquency Report - Group 2 Group
				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			718,~~253~~163,170.2843	-127,106.86	-	718,~~253~~290,277.2829
		% Balance			01.0283%	0.0003%	0.00%	01.0286%
		# Loans			144	-2	-	146
		% # Loans			01.0490%	0.0009%	0.00%	01.0498%
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		443,~~456~~065.8777	-448,374.07	-	-	~~443~~891,~~456~~439.8784
		% Balance		0.10%	0.0010%	0.00%	0.00%	0.1020%
		# Loans		3	-2	-	-	35
		% # Loans		0.13%	0.0009%	0.00%	0.00%	0.1322%
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		443,~~456~~065.8777	718,~~253~~611,544.2850	-127,106.86	-	~~514~~9,~~710~~181,717.1513
		% Balance		0.10%	01.0293%	0.0003%	0.00%	02.1106%
		# Loans		3	146	-2	-	451
		% # Loans		0.13%	01.0498%	0.0009%	0.00%	02.1720%
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
				Page 13 of 25				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley ABS Capital I Inc. 2003-NC10
	Mortgage Pass-Through Certificates
	REO Report for November 25, 2003 Distribution
	REO Report for December 26, 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
				Page 14 of 25				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley ABS Capital I Inc. 2003-NC10
	Mortgage Pass-Through Certificates
	Foreclosure Report for November 25, 2003 Distribution
	Foreclosure Report for December 26, 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
				Page 15 of 25				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley ABS Capital I Inc. 2003-NC10
	Mortgage Pass-Through Certificates
	Prepayment Report for November 25, 2003 Distribution
	Prepayment Report for December 26, 2003 Distribution
	Prepayment Report - Voluntary Prepayments
VOLUNTARY PREPAYMENTS						GROUP 2	GROUP 1	TOTAL
	Current
	Number of Paid in Full Loans					1521	1945	3466
	Number of Repurchased Loans					-	-	-
	Total Number of Loans Prepaid in Full					1521	1945	3466
	Paid in Full Balance					45,~~259~~272,~~551~~781.3952	37,~~764~~797,~~343~~466.6557	813,~~023~~070,~~895~~248.0409
	Repurchased Loans Balance					-	-	-
	Curtailments Amount					4725,~~822~~469.5363	8748,~~742~~871.4964	~~135~~74,~~565~~341.0227
	Total Prepayment Amount					45,~~307~~298,~~373~~251.9215	37,~~852~~846,~~086~~338.1421	813,~~159~~144,~~460~~589.0636
	Cumulative
	Number of Paid in Full Loans					1536	1964	34100
	Number of Repurchased Loans					-	-	-
	Total Number of Loans Prepaid in Full					1536	1964	34100
	Paid in Full Balance					49,~~259~~532,~~551~~332.3991	311,~~764~~561,~~343~~810.6522	821,~~023~~094,~~895~~143.0413
	Repurchased Loans Balance					-	-	-
	Curtailments Amount					4773,~~822~~292.5316	87136,~~742~~614.4913	~~135~~209,~~565~~906.0229
	Total Prepayment Amount					49,~~307~~605,~~373~~625.9207	311,~~852~~698,~~086~~424.1435	821,~~159~~304,~~460~~049.0642
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
				Page 16 of 25				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley ABS Capital I Inc. 2003-NC10
	Mortgage Pass-Through Certificates
	Prepayment Report for November 25, 2003 Distribution
	Prepayment Report for December 26, 2003 Distribution
	Prepayment Report - Voluntary Prepayments
VOLUNTARY PREPAYMENT RATES						GROUP 2	GROUP 1	TOTAL
	SMM					01.9417%	0.3980%	0.5792%
	3 Months Avg SMM
	12 Months Avg SMM
	Avg SMM Since Cut-off					01.9406%	0.3960%	0.5774%
	CPR					1013.7621%	49.5919%	610.5948%
	3 Months Avg CPR
	12 Months Avg CPR
	Avg CPR Since Cut-off					1011.7699%	46.5992%	68.5955%
	PSA					~~1683~~1574.9767%	~~725~~1103.1105%	~~1036~~1254.8959%
	3 Months Avg PSA Approximation
	12 Months Avg PSA Approximation
	Avg PSA Since Cut-off Approximation					~~1683~~1623.9709%	~~725~~943.1171%	~~1036~~1163.8935%
	Group 1
	Group 2
CPR by Groups					Total CPR
PSA by Groups					Total PSA
				Page 17 of 24				© COPYRIGHT 2003 Deutsche Bank
				Page 17 of 25				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley ABS Capital I Inc. 2003-NC10
	Mortgage Pass-Through Certificates
	Prepayment Report for November 25, 2003 Distribution
	Prepayment Report for December 26, 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
				Page 18 of 25				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley ABS Capital I Inc. 2003-NC10
	Mortgage Pass-Through Certificates
	Prepayment Detail Report for November 25, 2003 Distribution
	Prepayment Detail Report for December 26, 2003 Distribution
	Prepayment Detail Report - Loans Prepaid in Full During Current Distribution
SUMMARY						LOAN GROUP
Total Loan Count = 34						Loan Group 1 = Group 1 Group
Total Loan Count = 66						Loan Group 1 = Group 1 Group
Total Original Principal Balance = 8,036,091.00						Loan Group 2 = Group 2 Group
Total Original Principal Balance = 13,105,515.00						Loan Group 2 = Group 2 Group
Total Prepayment Amount = 8,023,895.04
Total Prepayment Amount = 13,070,248.09
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
908693 1			178,500.00	178,273.49	Oct-30-03	10.250%	MI - 70.00%	Paid Off - 360	Jun-25-03
911151 1			295,000.00	294,007.06	Nov-21-03	8.050%	CA - 55.66%	Paid Off - 360	May-22-03
920392 1			252,000.00	251,441.02	Oct-22-03	7.550%	CA - 90.00%	Paid Off - 360	Jul-03-03
912075 1			272,000.00	271,294.31	Nov-17-03	7.500%	CA - 80.00%	Paid Off - 360	Jul-28-03
924785 1			96,000.00	95,902.14	Oct-27-03	9.350%	OH - 75.00%	Paid Off - 360	Jul-18-03
922741 1			135,000.00	134,592.85	Nov-19-03	7.500%	NY - 90.00%	Paid Off - 360	Jun-13-03
939011 1			225,000.00	224,693.96	Oct-16-03	7.950%	VA - 75.00%	Paid Off - 360	Jul-24-03
929562 1			225,000.00	224,475.22	Nov-04-03	7.300%	NJ - 90.00%	Paid Off - 360	Jul-30-03
943994 1			245,000.00	244,597.17	Oct-28-03	7.000%	NY - 76.09%	Paid Off - 360	Jul-14-03
933498 1			217,500.00	217,137.15	Nov-07-03	8.950%	CA - 75.00%	Paid Off - 360	Jul-24-03
946727 1			123,000.00	122,664.61	Oct-22-03	6.500%	CA - 60.00%	Paid Off - 360	Jul-03-03
934739 1			77,000.00	76,854.67	Nov-25-03	8.350%	FL - 38.89%	Paid Off - 360	Jul-02-03
946759 1			120,000.00	119,737.78	Oct-21-03	7.625%	CA - 66.67%	Paid Off - 360	Jul-07-03
938283 1			267,000.00	266,167.56	Nov-21-03	7.300%	CA - 71.58%	Paid Off - 360	Jul-10-03
950199 1			499,300.00	498,204.45	Oct-24-03	5.500%	IL - 86.83%	Paid Off - 360	Jul-07-03
939019 1			125,600.00	125,183.74	Nov-26-03	6.990%	CA - 80.00%	Paid Off - 360	Jul-08-03
957382 1			153,000.00	152,767.14	Oct-23-03	7.390%	CA - 83.15%	Paid Off - 360	Jul-17-03
939344 1			252,000.00	251,457.56	Nov-19-03	7.700%	IL - 70.00%	Paid Off - 360	Jul-18-03
961707 1			147,200.00	146,987.86	Oct-31-03	9.650%	CO - 80.00%	Paid Off - 360	Jul-01-03
939882 1			175,500.00	175,320.13	Nov-21-03	11.250%	CA - 65.00%	Paid Off - 360	Jul-31-03
961967 1			210,000.00	209,580.03	Oct-17-03	5.990%	CA - 75.00%	Paid Off - 360	Jul-23-03
941841 1			240,000.00	239,603.75	Nov-04-03	9.000%	NJ - 80.00%	Paid Off - 360	Jul-07-03
968276 1			300,000.00	299,649.94	Oct-30-03	8.700%	CA - 73.17%	Paid Off - 360	Jul-09-03
942878 1			80,000.00	79,847.15	Nov-20-03	8.290%	IL - 16.67%	Paid Off - 360	Jul-14-03
969985 1			225,750.00	225,445.41	Oct-23-03	7.990%	AZ - 83.61%	Paid Off - 360	Jul-14-03
944043 1			121,550.00	121,280.88	Nov-26-03	8.990%	MI - 85.00%	Paid Off - 360	Jul-17-03
970845 1			69,367.00	69,261.62	Oct-27-03	7.400%	PA - 85.00%	Paid Off - 360	Jul-23-03
944488 1			55,000.00	54,890.50	Nov-26-03	9.500%	MI - 50.46%	Paid Off - 360	Jul-08-03
974905 1			75,000.00	74,888.31	Oct-28-03	7.500%	FL - 64.10%	Paid Off - 360	Jul-25-03
947455 1			72,800.00	72,621.68	Nov-04-03	7.050%	IL - 70.00%	Paid Off - 360	Jul-08-03
977660 1			189,000.00	188,777.17	Oct-31-03	8.650%	IL - 68.48%	Paid Off - 360	Jul-30-03
951084 1			337,500.00	336,447.78	Nov-06-03	5.800%	CT - 90.00%	Paid Off - 360	Jul-11-03
983005 1			240,000.00	239,564.88	Oct-13-03	6.500%	CA - 52.75%	Paid Off - 360	Jul-16-03
951434 1			260,000.00	259,219.60	Nov-10-03	6.000%	NY - 80.00%	Paid Off - 360	Jul-01-03
987299 1			197,600.00	197,258.78	Oct-27-03	6.750%	CA - 80.00%	Paid Off - 360	Jul-28-03
955097 1			264,000.00	263,129.11	Nov-28-03	5.500%	CT - 80.00%	Paid Off - 360	Jul-14-03
1003794 1			225,000.00	224,647.89	Oct-16-03	7.250%	CA - 51.72%	Paid Off - 360	Jul-31-03
955980 1			155,250.00	154,971.61	Nov-28-03	8.600%	FL - 76.86%	Paid Off - 360	Jul-28-03
928563 2			399,000.00	398,330.94	Oct-30-03	6.900%	CA - 95.00%	Paid Off - 360	Jul-24-03
959251 1			167,920.00	167,543.77	Nov-18-03	7.500%	NH - 80.00%	Paid Off - 360	Jul-25-03
942633 2			50,000.00	49,944.02	Oct-28-03	8.900%	FL - 62.50%	Paid Off - 360	Jul-08-03
960146 1			95,000.00	94,782.85	Nov-25-03	7.400%	NH - 44.19%	Paid Off - 360	Jul-21-03
946314 2			328,000.00	327,447.30	Oct-17-03	6.875%	CA - 80.00%	Paid Off - 360	Jul-31-03
961006 1			93,500.00	93,298.73	Nov-17-03	7.700%	OH - 82.38%	Paid Off - 360	Jul-14-03
947202 2			405,000.00	404,507.56	Oct-16-03	8.500%	CA - 90.00%	Paid Off - 360	Jul-17-03
961996 1			138,430.00	137,957.22	Nov-25-03	6.900%	CA - 86.52%	Paid Off - 360	Jul-30-03
969259 2			484,415.00	484,415.00	Oct-10-03	4.820%	CA - 85.00%	Paid Off - 300	Jun-30-03
962038 1			84,700.00	84,577.24	Nov-21-03	10.990%	CA - 64.17%	Paid Off - 360	Jun-27-03
971052 2			238,500.00	238,178.21	Oct-10-03	7.990%	NJ - 90.00%	Paid Off - 360	Jul-15-03
964756 1			85,000.00	84,894.23	Nov-06-03	10.350%	WI - 53.13%	Paid Off - 360	Jul-21-03
971283 2			320,000.00	319,458.13	Oct-28-03	6.850%	MI - 80.00%	Paid Off - 360	Jul-02-03
965761 1			196,300.00	195,649.41	Nov-18-03	6.990%	CA - 65.00%	Paid Off - 360	Jul-03-03
971318 2			80,000.00	79,814.07	Oct-24-03	10.990%	MI - 20.00%	Paid Off - 240	Jul-02-03
965837 1			75,000.00	74,835.28	Nov-18-03	7.600%	OK - 54.35%	Paid Off - 360	Jul-09-03
972139 2			134,100.00	133,904.28	Oct-21-03	7.600%	GA - 90.00%	Paid Off - 360	Jul-16-03
967369 1			208,250.00	207,902.60	Nov-24-03	8.950%	FL - 85.00%	Paid Off - 360	Jul-03-03
973176 2			134,000.00	133,814.02	Oct-29-03	7.850%	MO - 80.00%	Paid Off - 360	Jul-25-03
968115 1			113,050.00	112,783.80	Nov-20-03	7.250%	NC - 85.00%	Paid Off - 360	Jul-30-03
973848 2			464,000.00	463,198.75	Oct-30-03	6.750%	IL - 80.00%	Paid Off - 360	Jul-09-03
968206 1			276,250.00	273,562.96	Nov-21-03	6.750%	CA - 85.00%	Paid Off - 180	Jul-11-03
976114 2			450,060.00	449,090.90	Oct-30-03	5.600%	MD - 78.00%	Paid Off - 360	Jul-18-03
968489 1			232,750.00	232,319.59	Nov-06-03	8.450%	IL - 95.00%	Paid Off - 360	Jul-08-03
979637 2			200,000.00	199,730.71	Oct-10-03	8.000%	NM - 100.00%	Paid Off - 360	Jul-25-03
969162 1			95,925.00	95,690.04	Nov-14-03	7.050%	CA - 76.74%	Paid Off - 360	Jul-08-03
994978 2			78,300.00	78,212.33	Oct-31-03	8.900%	FL - 90.00%	Paid Off - 360	Jul-25-03
969973 1			157,500.00	157,150.62	Nov-26-03	7.550%	CA - 90.00%	Paid Off - 360	Jul-23-03
1004913 2			499,999.00	499,505.17	Oct-31-03	9.500%	TX - 64.52%	Paid Off - 360	Jul-29-03
970877 1			158,250.00	157,912.73	Nov-04-03	7.750%	CA - 90.43%	Paid Off - 360	Jul-30-03
					Page 19 of 24				© COPYRIGHT 2003 Deutsche Bank
973288 1			312,000.00	310,970.76	Nov-26-03	5.500%	MD - 56.37%	Paid Off - 360	Jul-30-03
976505 1			200,000.00	199,399.67	Nov-04-03	6.000%	IL - 80.00%	Paid Off - 360	Jul-14-03
981322 1			231,500.00	230,850.19	Nov-24-03	6.350%	CA - 46.30%	Paid Off - 360	Jul-30-03
982879 1			239,400.00	239,072.75	Nov-04-03	9.900%	IL - 70.00%	Paid Off - 360	Jul-28-03
985800 1			123,250.00	122,987.34	Nov-26-03	7.750%	FL - 68.09%	Paid Off - 360	Jul-31-03
988765 1			68,000.00	67,846.03	Nov-04-03	7.450%	GA - 46.26%	Paid Off - 360	Jul-30-03
990091 1			64,600.00	63,473.75	Nov-21-03	7.000%	IL - 76.00%	Paid Off - 120	Jul-30-03
993067 1			200,000.00	199,542.91	Nov-20-03	7.400%	IL - 78.74%	Paid Off - 360	Jul-30-03
995976 1			140,000.00	139,614.53	Nov-12-03	6.450%	CA - 53.85%	Paid Off - 360	Jul-31-03
996600 1			158,400.00	158,135.75	Nov-04-03	8.950%	CA - 88.00%	Paid Off - 360	Jul-31-03
					Page 19 of 25				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley ABS Capital I Inc. 2003-NC10
	Mortgage Pass-Through Certificates
	Realized Loss Report for November 25, 2003 Distribution
	Prepayment Detail Report for December 26, 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
1006009 1			277,000.00	276,209.51	Nov-28-03	6.900%	CA - 72.89%	Paid Off - 360	Jul-31-03
895640 2			76,140.00	75,872.28	Nov-06-03	11.990%	NC - 20.00%	Paid Off - 240	Jul-29-03
912879 2			331,800.00	331,034.13	Nov-13-03	7.350%	MI - 70.00%	Paid Off - 360	Jul-17-03
923317 2			66,000.00	65,728.73	Nov-03-03	11.990%	CA - 20.00%	Paid Off - 240	Jun-17-03
928304 2			467,000.00	466,179.64	Nov-12-03	8.700%	NJ - 84.91%	Paid Off - 360	Jul-31-03
929455 2			595,000.00	592,680.11	Nov-13-03	6.150%	IL - 85.00%	Paid Off - 360	Jul-02-03
935328 2			160,000.00	159,762.02	Nov-28-03	9.500%	MA - 80.00%	Paid Off - 360	Jul-18-03
935338 2			121,600.00	121,097.30	Nov-26-03	8.400%	AL - 95.00%	Paid Off - 360	Jul-23-03
938453 2			360,000.00	359,027.81	Nov-14-03	6.550%	CA - 90.00%	Paid Off - 360	Jul-30-03
952728 2			440,000.00	439,052.85	Nov-20-03	7.700%	CA - 80.00%	Paid Off - 360	Jul-09-03
958331 2			66,000.00	65,768.85	Nov-28-03	10.990%	CT - 20.00%	Paid Off - 240	Jul-14-03
959751 2			35,000.00	34,635.71	Nov-17-03	9.300%	CA - 28.23%	Paid Off - 180	Jun-30-03
961351 2			416,000.00	415,999.53	Nov-19-03	4.640%	CA - 80.00%	Paid Off - 300	Jul-02-03
964383 2			189,600.00	189,125.66	Nov-25-03	8.500%	OH - 80.00%	Paid Off - 360	Jul-23-03
968629 2			413,100.00	411,608.28	Nov-21-03	6.550%	CA - 90.00%	Paid Off - 360	Jul-01-03
968861 2			45,600.00	45,460.13	Nov-19-03	11.990%	CA - 20.00%	Paid Off - 240	Jul-11-03
970388 2			334,000.00	333,140.83	Nov-13-03	6.800%	FL - 82.47%	Paid Off - 360	Jul-11-03
975668 2			255,000.00	254,508.83	Nov-20-03	8.250%	NJ - 75.00%	Paid Off - 360	Jul-31-03
976185 2			50,000.00	49,893.44	Nov-05-03	7.750%	MI - 71.43%	Paid Off - 360	Jul-22-03
982328 2			387,000.00	386,215.79	Nov-13-03	8.000%	CA - 90.00%	Paid Off - 360	Jul-24-03
984093 2			124,000.00	123,784.41	Nov-24-03	8.750%	MI - 82.67%	Paid Off - 360	Jul-25-03
987919 2			353,000.00	352,205.19	Nov-26-03	7.750%	CA - 79.79%	Paid Off - 360	Jul-23-03
					Page 20 of 25				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley ABS Capital I Inc. 2003-NC10
	Mortgage Pass-Through Certificates
	Realized Loss Report for December 26, 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
				Page 21 of 25				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley ABS Capital I Inc. 2003-NC10
	Mortgage Pass-Through Certificates
	Realized Loss Report for November 25, 2003 Distribution
	Realized Loss Report for December 26, 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
				Page 22 of 25				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley ABS Capital I Inc. 2003-NC10
	Mortgage Pass-Through Certificates
	Realized Loss Report for November 25, 2003 Distribution
	Realized Loss Report for December 26, 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
				Page 23 of 25				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley ABS Capital I Inc. 2003-NC10
	Mortgage Pass-Through Certificates
	Realized Loss Detail Report for November 25, 2003 Distribution
	Realized Loss Detail Report for December 26, 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
					Page 24 of 25				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley ABS Capital I Inc. 2003-NC10
	Mortgage Pass-Through Certificates
	Triggers, Adj. Rate Cert. and Miscellaneous Report for November 25, 2003 Distribution
	Triggers, Adj. Rate Cert. and Miscellaneous Report for December 26, 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))							0.0002%
	(x) Rolling 3-month avg. of 60+ Day Delinq. Loans							0226,936.0093
	(y) Stated Principal Balance							1,~~433~~418,~~152~~792,~~585~~384.8126
	(B) 40% of Sr. Enhancement Percentage							7.60%
	2. Does (A) exceed (B)?							No
	(A) Realized Loss % (quotient of (x) over (y))							0.00%
	(x) Agg. Realized Losses to date							0.00
	(y) Cut-off Date Pool Principal Balance							1,442,532,259.93
	(B) Applicable Percentage							100.00%
	Senior Enhancement Percentage (Prior)							19.00%
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
				Page 25 of 25				© COPYRIGHT 2003 Deutsche Bank

Filing Compare · MORGAN STANLEY ABS MORT PASS THR CERTS SER 2003-NC10