UNITED STATES 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~~December 27, 2004 (Date of earliest event reported) GS Mortgage Securities Corporation (as Depositor under the Pooling and Servicing Agreement, dated as April 1, 2004, providing for the issuance of GSAMP Trust 2004-NC1 Mortgage Pass-Through Certificates Series 2004-NC1) (Exact name of registrant as specified in charter) DELAWARE (State or Other Jurisdiction of Incorporation) 333-100818-32 13-6357101 (Commission File Number) (I.R.S. Employer Identification No.) 85 Broad Street New York, New York 1004 (Address of principal executive offices) (Zip Code) Registrant's Telephone Number, Including Area Code: (203) 625-2700 (Former name or former address, if changed since last report.) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12(b) under the Exchange Act (17 CFR 240.14a-12(b)) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Item 8.01 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 9.01 Financial Statements and Exhibits (c) Exhibits: Exhibit No. Description 99.1 Monthly Remittance Statement to the Certificateholders dated as of ~~September~~December 27, 2004. Signatures 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, in its capacity as Trustee under the Pooling and Servicing Agreement on behalf of GS Mortgage Securities Corporation, Registrant Date: ~~Sep~~Dec 2731, 2004 By: /s/ Katherine M. Wannenmacher Katherine M. Wannenmacher Vice President EXHIBIT INDEX DOCUMENT 99.1 Monthly Remittance Statement to the Certificateholders dated as of ~~September~~December 27, 2004.

	GSAMP Trust 2004-NC1
	Mortgage Pass-Through Certificates
	September 27, 2004 Distribution
	December 27, 2004 Distribution - REVISED
	Contents
			TABLE OF CONTENTS
								Page
			1.	Contents				1
			2.	Certificate Payment Report				2
			3.	Collection Account Report				84
			4.	Credit Enhancement Report				117
			5.	Collateral Report				128
			6.	Delinquency Report				1511
			7.	REO Report				1612
			8.	Prepayment Report				1713
			9.	Prepayment Detail Report				2016
			10.	Realized Loss Report				2218
			11.	Realized Loss Detail Report				2521
			12.	Triggers, Adj. Rate Cert. and Miscellaneous Report				2622
			13.	Other Related Information				2723
				Total Number of Pages				2723
			CONTACTS
				Administrator: Valerie Delgado
				Administrator: Nicholas Gisler
				Direct Phone Number: (714)247-6273
				Direct Phone Number: (714)247-6268
				Address: Deutsche Bank
				1761 E. St. Andrew Place, Santa Ana, CA 92705
				Web Site: https://www.corporatetrust.db.com/invr
				Web Site: https://www.tss.db.com/invr
				Factor Information: (800) 735-7777
				Main Phone Number: (714) 247-6000
ISSUANCE INFORMATION
	Seller:		New Century Mortgage Securities, Inc.					Cut-Off Date: April 1, 2004
	Certificate Insurer(s):							Closing Date: April 29, 2004
								First Payment Date: May 25, 2004
	Servicer(s):		New Century Mortgage Corporation Master Servicer
			Impac Funding Corp. Sub-Servicer
			Countrywide Funding Corporation
								Distribution Date: September 27, 2004
								Distribution Date: December 27, 2004
	Underwriter(s):		Goldman, Sachs & Co. Underwriter					Record Date: ~~September~~December 24, 2004
			Goldman, Sachs & Co.
						Page 1 of 27					© COPYRIGHT 2004 Deutsche Bank
						Page 1 of 23					© COPYRIGHT 2004 Deutsche Bank
	GSAMP Trust 2004-NC1
	Mortgage Pass-Through Certificates
	Series 2004-NC1
	Certificate Payment Report for September 27, 2004 Distribution
	Certificate Payment Report for December 27, 2004 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,	201,244,000.00			~~169~~132,~~677~~905,~~336~~583.9570	~~266~~261,~~746~~010.9106	1116,~~517~~681,~~835~~981.9010	1116,~~784~~942,~~582~~991.8116	-	-	~~158~~116,~~159~~223,~~501~~602.0560
A-2	FLT, STEP,	70,956,000.00			70,956,000.00	~~118~~145,~~053~~458.0587	-	~~118~~145,~~053~~458.0587	-	-	70,956,000.00
A-3	FLT, STEP,	51,672,000.00			51,672,000.00	94114,~~968~~381.8304	-	94114,~~968~~381.8304	-	-	51,672,000.00
M-1	MEZ, STEP,	27,673,000.00			27,673,000.00	5465,~~919~~069.3762	-	5465,~~919~~069.3762	-	-	27,673,000.00
M-2	MEZ, STEP,	23,573,000.00			23,573,000.00	5966,~~099~~999.4840	-	5966,~~099~~999.4840	-	-	23,573,000.00
M-3	MEZ, STEP,	7,174,000.00			7,174,000.00	1921,~~498~~810.3386	-	1921,~~498~~810.3386	-	-	7,174,000.00
B-1	SUB, STEP,	5,125,000.00			5,125,000.00	1517,~~808~~346.4963	-	1517,~~808~~346.4963	-	-	5,125,000.00
B-2	SUB, STEP,	4,715,000.00			4,715,000.00	1516,~~624~~973.3394	-	1516,~~624~~973.3394	-	-	4,715,000.00
B-3	SUB, STEP,	5,124,000.00			5,124,000.00	2122,~~676~~858.6667	-	2122,~~676~~858.6667	-	-	5,124,000.00
N		-			-	5637,~~980~~690.1181	1,~~574~~354,~~541~~714.0958	1,~~631~~392,~~521~~405.2039	-	-	-
X	OC	12,709,557.00			12,708,932.65	-	-	-	-	-	12,708,932.65
R-1		-			-	-	-	-	-	-	-
Total		409,965,557.00			378,398,269.60	723,375.56	13,092,376.99	13,815,752.55	-	-	366,880,433.70
R-2		-			-	-	-	-	-	-	-
Total		409,965,557.00			341,626,516.35	769,599.90	18,036,695.68	18,806,295.58	-	-	324,944,535.25
	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	0811/2526/04	0912/26/04		A-Act/360	36228FP34	201,244,000.00	~~843~~660.~~142339~~420105	1.~~325490~~296983	5782.~~233189~~894303	5884.~~558679~~191286	~~785~~577.~~909150~~525803
A-2	0811/2526/04	0912/26/04		A-Act/360	36228FP42	70,956,000.00	1,000.000000	12.~~663750~~049987	-	12.~~663750~~049987	1,000.000000
A-3	0811/2526/04	0912/26/04		A-Act/360	36228FP59	51,672,000.00	1,000.000000	12.~~837917~~213598	-	12.~~837917~~213598	1,000.000000
M-1	0811/2526/04	0912/26/04		A-Act/360	36228FP67	27,673,000.00	1,000.000000	12.~~984583~~351376	-	12.~~984583~~351376	1,000.000000
M-2	0811/2526/04	0912/26/04		A-Act/360	36228FP75	23,573,000.00	1,000.000000	2.~~507084~~842209	-	2.~~507084~~842209	1,000.000000
M-3	0811/2526/04	0912/26/04		A-Act/360	36228FP83	7,174,000.00	1,000.000000	23.~~717916~~040265	-	23.~~717916~~040265	1,000.000000
B-1	0811/2526/04	0912/26/04		A-Act/360	36228FP91	5,125,000.00	1,000.000000	3.~~084583~~384708	-	3.~~084583~~384708	1,000.000000
B-2	0811/2526/04	0912/26/04		A-Act/360	36228FQ25	4,715,000.00	1,000.000000	3.~~313750~~599987	-	3.~~313750~~599987	1,000.000000
B-3	0811/2526/04	0912/26/04		A-Act/360	36228FQ33	5,124,000.00	1,000.000000	4.~~230418~~461099	-	4.~~230418~~461099	1,000.000000
N				F-30/360	36228FS72	20,574,000.00	~~664~~439.~~684900~~671192	21.~~769520~~831963	7665.~~530625~~845950	7967.~~300146~~677913	~~588~~373.~~154275~~825242
X				A-30/360	36228FS80	422,675,114.00	~~925~~838.~~314003~~316326	-	-	-	~~898~~798.~~064148~~848705
R-1				A-30/360	36228FS98	-	-	-	-	-	-
							Page 2 of 27				© COPYRIGHT 2004 Deutsche Bank
R-2				A-30/360	36228FZ82	-	-	-	-	-	-
							Page 2 of 23				© COPYRIGHT 2004 Deutsche Bank
	GSAMP Trust 2004-NC1
	Mortgage Pass-Through Certificates
	Series 2004-NC1
	Certificate Payment Report for September 27, 2004 Distribution
	Certificate Payment Report for December 27, 2004 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	201,244,000.00		1,~~102~~865,~~542~~664.8132		4182,~~331~~311,~~720~~365.4409	12,~~752~~709,~~778~~032.5234	4385,~~084~~020,~~498~~397.9643	4486,~~187~~886,~~041~~061.7775	-	-	~~158~~116,~~159~~223,~~501~~602.0560
A-2	70,956,000.00		~~453~~845,~~320~~863.1558		-	-	-	~~453~~845,~~320~~863.1558	-	-	70,956,000.00
A-3	51,672,000.00		~~371~~681,~~299~~976.2042		-	-	-	~~371~~681,~~299~~976.2042	-	-	51,672,000.00
M-1	27,673,000.00		~~217~~394,~~421~~997.3812		-	-	-	~~217~~394,~~421~~997.3812	-	-	27,673,000.00
M-2	23,573,000.00		~~241~~426,~~567~~798.6069		-	-	-	~~241~~426,~~567~~798.6069	-	-	23,573,000.00
M-3	7,174,000.00		80140,~~437~~979.4796		-	-	-	80140,~~437~~979.4796	-	-	7,174,000.00
B-1	5,125,000.00		66114,~~061~~494.9656		-	-	-	66114,~~061~~494.9656	-	-	5,125,000.00
B-2	4,715,000.00		65113,~~721~~258.2182		-	-	-	65113,~~721~~258.2182	-	-	4,715,000.00
B-3	5,124,000.00		92157,~~914~~528.4906		-	-	-	92157,~~914~~528.4906	-	-	5,124,000.00
N	-		~~355~~487,~~196~~139.5616		-1,047,700.66	811,~~473~~835,~~313~~218.9582	812,~~473~~882,~~313~~919.9547	813,~~828~~370,~~510~~058.5163	-	-	-
X	12,709,557.00		-		-	-	-	-	624.35	-	12,708,932.65
R-1	-		-		-	-	-	-	-	-	-
Total	409,965,557.00		3,046,482.83		41,331,720.44	10,226,092.47	51,557,812.91	54,604,295.74	624.35	-	366,880,433.70
	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	1.71500%	169,677,336.95			266,746.91	-	-	-	266,746.91	266,746.91	-
A-2	1.81500%	70,956,000.00			118,053.05	-	-	-	118,053.05	118,053.05	-
A-3	2.00500%	51,672,000.00			94,968.83	-	-	-	94,968.83	94,968.83	-
M-1	2.16500%	27,673,000.00			54,919.37	-	-	-	54,919.37	54,919.37	-
M-2	2.73500%	23,573,000.00			59,099.48	-	-	-	59,099.48	59,099.48	-
M-3	2.96500%	7,174,000.00			19,498.33	-	-	-	19,498.33	19,498.33	-
B-1	3.36500%	5,125,000.00			15,808.49	-	-	-	15,808.49	15,808.49	-
B-2	3.61500%	4,715,000.00			15,624.33	-	-	-	15,624.33	15,624.33	-
B-3	4.61500%	5,124,000.00			21,676.66	-	-	-	21,676.66	21,676.66	-
N	5.00000%	13,675,227.14			56,980.11	-	-	-	56,980.11	56,980.11	-
X	4.43523%	391,107,201.85			1,398,568.28	-	-	-	9,580,017.04	-	8,181,448.76
R-1		-			-	-	-	-	-	-	-
Total		770,471,765.94			2,121,943.84	-	-	-	############	723,375.56	8,181,448.76
							Page 3 of 27				© COPYRIGHT 2004 Deutsche Bank
	GSAMP Trust 2004-NC1
	Mortgage Pass-Through Certificates
	Series 2004-NC1
	Certificate Payment Report for September 27, 2004 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)
R-2		-			-	-	-	-	-	-	-
Total		-			-	-	-	-	-	-	-
	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)
R-2				A-30/360	36228FZ82	-	-	-	-	-	-
							Page 4 of 27				© COPYRIGHT 2004 Deutsche Bank
	GSAMP Trust 2004-NC1
	Mortgage Pass-Through Certificates
	Series 2004-NC1
	Certificate Payment Report for September 27, 2004 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)
R-2	-		-		-	-	-	-	-	-	-
Total	-409,965,557.00		-5,228,700.69		-83,359,065.74	-14,544,251.16	-97,903,316.90	-103,132,017.59	-624.35	-	-324,944,535.25
	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	2.28063%	132,905,583.70			261,010.06	-	-	-	261,010.06	261,010.06	-
A-2	2.38063%	70,956,000.00			145,458.87	-	-	-	145,458.87	145,458.87	-
A-3	2.57063%	51,672,000.00			114,381.04	-	-	-	114,381.04	114,381.04	-
M-1	2.73063%	27,673,000.00			65,069.62	-	-	-	65,069.62	65,069.62	-
M-2	3.30063%	23,573,000.00			66,999.40	-	-	-	66,999.40	66,999.40	-
M-3	3.53063%	7,174,000.00			21,810.86	-	-	-	21,810.86	21,810.86	-
B-1	3.93063%	5,125,000.00			17,346.63	-	-	-	17,346.63	17,346.63	-
B-2	4.18063%	4,715,000.00			16,973.94	-	-	-	16,973.94	16,973.94	-
B-3	5.18063%	5,124,000.00			22,858.67	-	-	-	22,858.67	22,858.67	-
N	5.00000%	9,045,795.10			-	-	-	-	-	37,690.81	-
X	3.96046%	354,335,448.60			1,127,498.83	-	-	-	############	-	12,026,108.89
R-1		-			37,690.81	-	-	-	37,690.81	-	-
R-2		-			-	-	-	-	-	-	-
Total		-692,298,827.40			-1,897,098.73	-	-	-	-############	-769,599.90	-12,026,108.89
							Page 5 of 27				© COPYRIGHT 2004 Deutsche Bank
							Page 3 of 23				© COPYRIGHT 2004 Deutsche Bank
	GSAMP Trust 2004-NC1
	Mortgage Pass-Through Certificates
	Series 2004-NC1
	Certificate Payment Report for September 27, 2004 Distribution
	Collection Account Report for December 27, 2004 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)
LT REMIC		409,965,557.00			409,965,557.00	2,237,230.11	11,345,520.60	13,582,750.71	-	-	398,620,036.40
Total		409,965,557.00			409,965,557.00	2,237,230.11	11,345,520.60	13,582,750.71	-	-	398,620,036.40
	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)
LT REMIC				-Act/360		409,965,557.00	1,000.000000	5.457117	27.674326	33.131444	972.325674
							Page 6 of 27				© COPYRIGHT 2004 Deutsche Bank
	GSAMP Trust 2004-NC1
	Mortgage Pass-Through Certificates
	Series 2004-NC1
	Certificate Payment Report for September 27, 2004 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)
LT REMIC	409,965,557.00		11,023,305.70		-	42,793,261.21	42,793,261.21	53,816,566.91	-	-	398,620,036.40
Total	409,965,557.00		11,023,305.70		-	42,793,261.21	42,793,261.21	53,816,566.91	-	-	398,620,036.40
	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)
LT REMIC		409,965,557.00			-	-	-	-	-	2,237,230.11	-
Total		409,965,557.00			-	-	-	-	-	2,237,230.11	-
							Page 7 of 27				© COPYRIGHT 2004 Deutsche Bank
	GSAMP Trust 2004-NC1
	Mortgage Pass-Through Certificates
	Series 2004-NC1
	Collection Account Report for September 27, 2004 Distribution
	Collection Account Report
SUMMARY								TOTAL
	Principal Collections							1116,~~517~~630,~~835~~556.9016
	Principal Withdrawls							0.00
	Principal Other Accounts							0.00
	TOTAL NET PRINCIPAL							1116,~~517~~630,~~835~~556.9016
	Interest Collections							21,~~092~~881,~~289~~032.3863
	Interest Withdrawals							0(1,833.0092)
	Interest Fees							(2721,~~374~~625.5703)
	Interest Other Accounts							~~233~~318,~~001~~165.8474
	TOTAL NET INTEREST							2,~~297~~175,~~916~~739.6542
	TOTAL AVAILABLE FUNDS FOR DISTRIBUTION							1318,~~815~~806,~~752~~295.5558
PRINCIPAL - COLLECTIONS								TOTAL
	Scheduled Principal Received							~~338~~307,~~088~~013.3192
	Curtailments							11,~~072~~093.2700
	Prepayments in Full							1116,~~168~~312,~~675~~449.3224
	Repurchased Principal Amounts							0.00
	Liquidations							051,424.0094
	Insurance Principal							0.00
	Other Principal							0.00
	Current Realized Loss of Principal							0(51,424.0094)
	Supplemental Realized Loss\Gain of Principal							0.00
	Subtitution Shortfall Principal							0.00
	Loan Adjustment Principal							0.00
	Delinquent Principal							(~~290~~274,~~510~~639.8889)
	Advanced Principal							~~290~~274,~~510~~639.8889
	TOTAL PRINCIPAL COLLECTED							1116,~~517~~630,~~835~~556.9016
				Page 8 of 27				© COPYRIGHT 2004 Deutsche Bank
				Page 4 of 23				© COPYRIGHT 2004 Deutsche Bank
	GSAMP Trust 2004-NC1
	Mortgage Pass-Through Certificates
	Series 2004-NC1
	Collection Account Report for September 27, 2004 Distribution
	Collection Account Report for December 27, 2004 Distribution
	Collection Account Report
PRINCIPAL - WITHDRAWALS								TOTAL
SPACE INTENTIONALLY LEFT BLANK
PRINCIPAL - OTHER ACCOUNTS								TOTAL
SPACE INTENTIONALLY LEFT BLANK
INTEREST - COLLECTIONS								TOTAL
	Scheduled Interest							2,~~224~~003,~~380~~134.7130
	Repurchased Interest							0.00
	Liquidation Interest							0.00
	Insurance Interest							0.00
	Other Interest							0.00
	Prepayment Interest Shortfalls							(2760,~~045~~952.5180)
	Realized Losses of Interest							0.00
	Compensating Interest							2760,~~045~~952.5180
	Relief Act Interest Shortfalls							0.00
	Substitution Shortfall Interest							0.00
	Loan Adjustment Interest							0.00
	Delinquent Interest							(1,~~875~~723,~~537~~918.4731)
	Interest Advanced							1,~~743~~601,~~446~~816.1464
	TOTAL INTEREST COLLECTED							21,~~092~~881,~~289~~032.3863
				Page 9 of 27				© COPYRIGHT 2004 Deutsche Bank
				Page 5 of 23				© COPYRIGHT 2004 Deutsche Bank
	GSAMP Trust 2004-NC1
	Mortgage Pass-Through Certificates
	Series 2004-NC1
	Collection Account Report for September 27, 2004 Distribution
	Collection Account Report for December 27, 2004 Distribution
	Collection Account Report
INTEREST - WITHDRAWALS								TOTAL
	Trust Fund Expenses							0.00
	Non Recoverable Advances							0(1,833.0092)
	Reimbursements to Master Servicer							0.00
	TOTAL INTEREST WITHDRAWALS							0(1,833.0092)
INTEREST - OTHER ACCOUNTS								TOTAL
	Prepayment Charges							~~233~~318,~~001~~165.8474
	Interest Cap Payments							0.00
	TOTAL INTEREST OTHER ACCOUNTS							~~233~~318,~~001~~165.8474
INTEREST - FEES								TOTAL
	Current Servicing Fees							2519,~~387~~831.9849
	Trustee Fee							1,~~986~~793.5954
	TOTAL INTEREST OTHER FEES							2721,~~374~~625.5703
				Page 10 of 27				© COPYRIGHT 2004 Deutsche Bank
				Page 6 of 23				© COPYRIGHT 2004 Deutsche Bank
	GSAMP Trust 2004-NC1
	Mortgage Pass-Through Certificates
	Series 2004-NC1
	Credit Enhancement Report for September 27, 2004 Distribution
	Credit Enhancement Report for December 27, 2004 Distribution
	Credit Enhancement Report
ACCOUNTS								TOTAL
	Beginning Excess Reserve Fund Account Balance							0.00
	Basis Risk Carryover Deposit							0.00
	Interest Cap Payment Deposit							0.00
	Basis Risk Carryover Amount Paid							0.00
	Interest Cap Pmt Amount Released to Class X Interest							0.00
	Ending Excess Reserve Fund Account Balance							0.00
INSURANCE								TOTAL
SPACE INTENTIONALLY LEFT BLANK
STRUCTURAL FEATURES								TOTAL
	Overcollateralized Amount							12,708,932.25
	Specified Overcollateralized Amount							12,708,932.25
				Page 11 of 27				© COPYRIGHT 2004 Deutsche Bank
				Page 7 of 23				© COPYRIGHT 2004 Deutsche Bank
	GSAMP Trust 2004-NC1
	Mortgage Pass-Through Certificates
	Series 2004-NC1
	Collateral Report for September 27, 2004 Distribution
	Collateral Report for December 27, 2004 Distribution
	Collateral Report
COLLATERAL								TOTAL
	Loan Count:
	Original							2377
	Prior							2,~~221~~023
	Prefunding							-
	Scheduled Paid Offs							-
	Full Voluntary Prepayments							(5288)
	Repurchases							-
	Liquidations							-(2)
	Current							21,~~169~~933
	Principal Balance:
	Original							409,965,556.60
	Prior							~~378~~341,~~398~~626,~~269~~515.2095
	Prefunding							-
	Scheduled Principal							(~~338~~307,~~088~~013.3192)
	Partial and Full Voluntary Prepayments							(1116,~~179~~323,~~747~~542.5924)
	Repurchases							-
	Liquidations							-(51,424.94)
	Current							~~366~~324,~~880~~944,~~433~~534.3085
PREFUNDING								TOTAL
SPACE INTENTIONALLY LEFT BLANK
Current Prin Balance by Groups (in millions of dollars)					Total Current Principal Balance (in millions of dollars)
				Page 12 of 27				© COPYRIGHT 2004 Deutsche Bank
				Page 8 of 23				© COPYRIGHT 2004 Deutsche Bank
	GSAMP Trust 2004-NC1
	Mortgage Pass-Through Certificates
	Series 2004-NC1
	Collateral Report for September 27, 2004 Distribution
	Collateral Report for December 27, 2004 Distribution
	Collateral Report
CHARACTERISTICS								TOTAL
	Weighted Average Coupon Original							7.066079%
	Weighted Average Coupon Prior							7.~~055053~~051948%
	Weighted Average Coupon Current							7.~~054240~~036225%
	Weighted Average Months to Maturity Original							344
	Weighted Average Months to Maturity Prior							~~341~~338
	Weighted Average Months to Maturity Current							~~340~~337
	Weighted Avg Remaining Amortization Term Original							344
	Weighted Avg Remaining Amortization Term Prior							~~341~~-
	Weighted Avg Remaining Amortization Term Current							~~339~~337
	Weighted Average Seasoning Original							4.10
	Weighted Average Seasoning Prior							~~7.10~~-
	Weighted Average Seasoning Current							811.10
Note: Original information refers to deal issue.
WAC by Groups					Total WAC
WARAT by Groups					Total WARAT
Note: Dates correspond to distribution dates.
				Page 13 of 27				© COPYRIGHT 2004 Deutsche Bank
				Page 9 of 23				© COPYRIGHT 2004 Deutsche Bank
	GSAMP Trust 2004-NC1
	Mortgage Pass-Through Certificates
	Series 2004-NC1
	Collateral Report for September 27, 2004 Distribution
	Collateral Report for December 27, 2004 Distribution
	Collateral Report
ARM CHARACTERISTICS								TOTAL
	Weighted Average Margin Original							4.200%
	Weighted Average Margin Prior							40.~~188~~000%
	Weighted Average Margin Current							4.~~171~~124%
	Weighted Average Max Rate Original							10.878%
	Weighted Average Max Rate Prior							100.~~844~~000%
	Weighted Average Max Rate Current							10.~~796~~666%
	Weighted Average Min Rate Original							5.342%
	Weighted Average Min Rate Prior							50.~~325~~000%
	Weighted Average Min Rate Current							5.~~302~~233%
	Weighted Average Cap Up Original							1.205%
	Weighted Average Cap Up Prior							10.~~201~~000%
	Weighted Average Cap Up Current							1.~~195~~182%
	Weighted Average Cap Down Original							1.205%
	Weighted Average Cap Down Prior							10.~~201~~000%
	Weighted Average Cap Down Current							1.~~195~~182%
Note: Original information refers to deal issue.
SERVICING FEES / ADVANCES								TOTAL
	Current Servicing Fees							2519,~~387~~831.9849
	Delinquent Servicing Fees							~~132~~122,~~091~~101.3367
	TOTAL SERVICING FEES							~~157~~141,~~479~~933.3116
	Prepayment Interest Shortfall							2760,~~045~~952.5180
	Compensating Interest							(2760,~~045~~952.5180)
	Delinquent Servicing Fees							(~~132~~122,~~091~~101.3367)
	COLLECTED SERVICING FEES							2519,~~387~~831.9849
	Aggregate Advances with respect to this Distribution							21,~~033~~876,~~957~~456.0253
	Aggregate Outstanding Advances as reported by Servicer							0.00
ADDITIONAL COLLATERAL INFORMATION								TOTAL
	Prepayment Interest Shortfall							2760,~~045~~952.5180
	Compensating Interest							(2760,~~045~~952.5180)
	NET PREPAYMENT INTEREST SHORTFALL							0.00
	Net Monthly Excess Cash Flow							1,~~398~~125,~~519~~664.3659
	Net Monthly Excess Cash Flow alloc to Realized Losses							051,424.0094
	Net Monthly Excess Cash Flow alloc to Unpaid Interest							0.00
	Current LIBOR							12.~~615000~~180630%
	Next LIBOR							12.~~840000~~417500%
	TR1MLB
				Page 14 of 27				© COPYRIGHT 2004 Deutsche Bank
				Page 10 of 23				© COPYRIGHT 2004 Deutsche Bank
	GSAMP Trust 2004-NC1
	Mortgage Pass-Through Certificates
	Series 2004-NC1
	Delinquency Report for September 27, 2004 Distribution
	Delinquency Report for December 27, 2004 Distribution
	Delinquency Report - Total
				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			1211,~~161~~139,~~308~~909.1566	35,~~879~~496,~~613~~966.4919	24,~~130~~305,~~807~~541.4524	1820,~~171~~942,~~729~~417.09
		% Balance			3.3143%	1.0669%	01.5833%	46.9544%
		# Loans			6979	2230	1432	~~105~~141
		% # Loans			34.1809%	1.0155%	01.6566%	47.8429%
FORECLOSURE		Balance		-	-	-	25,~~369~~285,~~147~~893.2480	25,~~369~~285,~~147~~893.2480
		% Balance		0.00%	0.00%	0.00%	01.6563%	01.6563%
		# Loans		-	-	-	1225	1225
		% # Loans		0.00%	0.00%	0.00%	01.5529%	01.5529%
BANKRUPTCY		Balance		-	-	-	~~444~~536,~~420~~670.2802	~~444~~536,~~420~~670.2802
		% Balance		0.00%	0.00%	0.00%	0.1217%	0.1217%
		# Loans		-	-	-	24	24
		% # Loans		0.00%	0.00%	0.00%	0.0921%	0.0921%
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		-	1211,~~161~~139,~~308~~909.1566	35,~~879~~496,~~613~~966.4919	410,~~944~~128,~~374~~105.9706	2026,~~985~~764,~~296~~980.6191
		% Balance		0.00%	3.3143%	1.0669%	13.3512%	58.7224%
		# Loans		-	6979	2230	2861	~~119~~170
		% # Loans		0.00%	34.1809%	1.0155%	13.2916%	58.4979%
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 15 of 27				© COPYRIGHT 2004 Deutsche Bank
				Page 11 of 23				© COPYRIGHT 2004 Deutsche Bank
	GSAMP Trust 2004-NC1
	Mortgage Pass-Through Certificates
	Series 2004-NC1
	REO Report for September 27, 2004 Distribution
	REO Report for December 27, 2004 Distribution
	REO Report - Mortgage Loans that Become REO During Current Distribution
SUMMARY				LOAN GROUP
Total Loan Count = 0				Loan Group 1 = Group 1 - Fixed/Adj; REO Book Value = 000.00
Total Original Principal Balance = 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 16 of 27				© COPYRIGHT 2004 Deutsche Bank
				Page 12 of 23				© COPYRIGHT 2004 Deutsche Bank
	GSAMP Trust 2004-NC1
	Mortgage Pass-Through Certificates
	Series 2004-NC1
	Prepayment Report for September 27, 2004 Distribution
	Prepayment Report for December 27, 2004 Distribution
	Prepayment Report - Voluntary Prepayments
VOLUNTARY PREPAYMENTS								TOTAL
	Current
	Number of Paid in Full Loans							5288
	Number of Repurchased Loans							-
	Total Number of Loans Prepaid in Full							5288
	Paid in Full Balance							1116,~~168~~312,~~675~~449.3224
	Repurchased Loans Balance							-
	Curtailments Amount							11,~~072~~093.2700
	Total Prepayment Amount							1116,~~179~~323,~~747~~542.5924
	Cumulative
	Number of Paid in Full Loans							~~208~~442
	Number of Repurchased Loans							-
	Total Number of Loans Prepaid in Full							~~208~~442
	Paid in Full Balance							4182,~~227~~104,~~532~~992.1063
	Repurchased Loans Balance							-
	Curtailments Amount							~~104~~155,~~812~~571.6884
	Total Prepayment Amount							4182,~~332~~260,~~344~~564.7847
SPACE INTENTIONALLY LEFT BLANK
Total Prepayments by Groups (in thousands of dollars)					Total Prepayments (in thousands of dollars)
				Page 17 of 27				© COPYRIGHT 2004 Deutsche Bank
				Page 13 of 23				© COPYRIGHT 2004 Deutsche Bank
	GSAMP Trust 2004-NC1
	Mortgage Pass-Through Certificates
	Series 2004-NC1
	Prepayment Report for September 27, 2004 Distribution
	Prepayment Report for December 27, 2004 Distribution
	Prepayment Report - Voluntary Prepayments
VOLUNTARY PREPAYMENT RATES								TOTAL
	SMM							24.9678%
	3 Months Avg SMM							23.6387%
	12 Months Avg SMM
	Avg SMM Since Cut-off							2.1177%
	CPR							3044.2546%
	3 Months Avg CPR							2737.3376%
	12 Months Avg CPR
	Avg CPR Since Cut-off							2228.5766%
	PSA							~~1866~~2003.8922%
	3 Months Avg PSA Approximation							~~1924~~2804.3047%
	12 Months Avg PSA Approximation
	Avg PSA Since Cut-off Approximation							~~1849~~2570.7822%
CPR by Groups					Total CPR
PSA by Groups					Total PSA
				Page 18 of 27				© COPYRIGHT 2004 Deutsche Bank
				Page 14 of 23				© COPYRIGHT 2004 Deutsche Bank
	GSAMP Trust 2004-NC1
	Mortgage Pass-Through Certificates
	Series 2004-NC1
	Prepayment Report for September 27, 2004 Distribution
	Prepayment Report for December 27, 2004 Distribution
	Prepayment Report - Voluntary Prepayments
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/(0.002*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 2004 Deutsche Bank
				Page 15 of 23				© COPYRIGHT 2004 Deutsche Bank
	GSAMP Trust 2004-NC1
	Mortgage Pass-Through Certificates
	Series 2004-NC1
	Prepayment Detail Report for September 27, 2004 Distribution
	Prepayment Detail Report for December 27, 2004 Distribution
	Prepayment Detail Report - Loans Prepaid in Full During Current Distribution
SUMMARY						LOAN GROUP
Total Loan Count = 52						Loan Group 1 = Group 1 - Fixed/Adj
Total Loan Count = 88						Loan Group 1 = Group 1 - Fixed/Adj
Total Original Principal Balance = 11,232,880.00
Total Original Principal Balance = 16,456,360.00
Total Prepayment Amount = 11,168,675.32
Total Prepayment Amount = 16,312,449.24
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
1175927 1			43,000.00	42,439.61	Aug-17-04	9.800%	CA - 20.00%	Paid Off - 240	Nov-18-03
1074247 1			248,000.00	246,199.30	Nov-01-04	8.250%	MA - 80.00%	Paid Off - 360	Nov-10-03
1207421 1			54,000.00	53,727.94	Aug-31-04	7.750%	IN - 90.00%	Paid Off - 360	Dec-15-03
1091244 1			114,750.00	112,250.54	Nov-10-04	6.050%	CA - 85.00%	Paid Off - 360	Dec-11-03
1209172 1			139,500.00	138,513.14	Aug-27-04	6.000%	CA - 90.00%	Paid Off - 360	Dec-03-03
1139817 1			29,200.00	28,778.60	Nov-29-04	10.800%	HI - 20.00%	Paid Off - 240	Nov-07-03
1210961 1			132,000.00	131,473.04	Aug-26-04	8.900%	NY - 80.00%	Paid Off - 360	Dec-26-03
1157947 1			255,000.00	253,036.83	Nov-15-04	7.600%	WA - 85.00%	Paid Off - 360	Dec-12-03
1213379 1			610,300.00	610,300.00	Aug-25-04	4.750%	CA - 85.00%	Paid Off - 300	Nov-20-03
1165488 1			35,000.00	34,078.06	Nov-23-04	9.675%	CA - 26.92%	Paid Off - 180	Dec-04-03
1215261 1			123,900.00	123,459.62	Aug-30-04	10.990%	CA - 70.00%	Paid Off - 360	Dec-19-03
1170400 1			232,900.00	232,852.45	Nov-17-04	5.250%	CA - 85.00%	Paid Off - 300	Dec-05-03
1220470 1			207,160.00	205,759.91	Aug-02-04	6.500%	CA - 80.00%	Paid Off - 360	Dec-02-03
1196516 1			240,000.00	238,421.39	Nov-16-04	8.250%	VA - 100.00%	Paid Off - 360	Dec-18-03
1220474 1			288,000.00	286,382.69	Aug-25-04	7.200%	FL - 90.00%	Paid Off - 360	Dec-13-03
1198583 1			259,000.00	256,983.65	Nov-03-04	7.400%	CA - 84.91%	Paid Off - 360	Dec-12-03
1220503 1			51,790.00	51,328.56	Aug-02-04	10.950%	CA - 20.00%	Paid Off - 240	Dec-02-03
1200998 1			73,700.00	71,894.58	Nov-02-04	11.400%	CA - 28.12%	Paid Off - 180	Nov-20-03
1229350 1			86,700.00	86,331.95	Aug-20-04	8.600%	FL - 85.00%	Paid Off - 360	Dec-15-03
1208312 1			86,700.00	86,095.25	Nov-11-04	8.450%	OH - 85.00%	Paid Off - 360	Nov-25-03
1232472 1			349,000.00	347,327.64	Aug-19-04	8.000%	CA - 92.32%	Paid Off - 360	Dec-05-03
1209891 1			200,000.00	198,331.65	Nov-03-04	7.550%	NV - 100.00%	Paid Off - 360	Nov-21-03
1235501 1			157,000.00	156,305.93	Aug-25-04	8.400%	CA - 67.09%	Paid Off - 360	Dec-11-03
1211467 1			308,750.00	306,572.08	Nov-18-04	7.900%	NJ - 95.00%	Paid Off - 360	Dec-05-03
1239107 1			108,000.00	107,363.15	Aug-11-04	6.950%	CA - 63.15%	Paid Off - 360	Dec-19-03
1213321 1			85,500.00	84,820.03	Nov-23-04	7.800%	FL - 90.00%	Paid Off - 360	Nov-18-03
1239183 1			222,200.00	220,891.67	Aug-30-04	7.275%	FL - 62.41%	Paid Off - 360	Dec-24-03
1218223 1			242,000.00	239,295.87	Nov-08-04	5.500%	CA - 76.82%	Paid Off - 360	Dec-18-03
1240211 1			24,000.00	23,774.52	Aug-04-04	10.050%	FL - 20.00%	Paid Off - 240	Dec-17-03
1220533 1			85,050.00	84,347.47	Nov-02-04	7.600%	NV - 90.00%	Paid Off - 360	Nov-21-03
1240564 1			261,250.00	259,839.46	Aug-31-04	7.400%	CA - 95.00%	Paid Off - 360	Dec-11-03
1220989 1			272,000.00	269,666.34	Nov-03-04	6.900%	NY - 83.69%	Paid Off - 360	Dec-05-03
1241169 1			240,000.00	238,904.16	Aug-19-04	8.500%	CA - 84.21%	Paid Off - 360	Dec-03-03
1221145 1			293,250.00	291,097.85	Nov-18-04	7.700%	MN - 85.00%	Paid Off - 360	Dec-10-03
1242173 1			323,000.00	320,879.79	Aug-24-04	7.100%	CA - 85.00%	Paid Off - 360	Nov-25-03
1223290 1			281,000.00	279,095.35	Nov-30-04	8.100%	CT - 79.82%	Paid Off - 360	Dec-08-03
1242209 1			351,000.00	349,624.46	Aug-10-04	8.990%	CA - 90.00%	Paid Off - 360	Dec-24-03
1230874 1			152,150.00	151,007.61	Nov-01-04	7.600%	NY - 85.00%	Paid Off - 360	Nov-18-03
1242228 1			29,400.00	29,112.01	Aug-31-04	10.800%	CO - 20.00%	Paid Off - 240	Nov-26-03
1235046 1			328,800.00	326,032.96	Nov-01-04	7.000%	CA - 80.00%	Paid Off - 360	Dec-15-03
1243548 1			221,000.00	219,684.15	Aug-16-04	6.900%	CA - 65.00%	Paid Off - 360	Nov-24-03
1235471 1			340,000.00	337,529.12	Nov-11-04	7.750%	CA - 80.00%	Paid Off - 360	Dec-19-03
1246314 1			216,750.00	215,700.90	Aug-05-04	7.950%	OH - 85.00%	Paid Off - 360	Dec-18-03
1236808 1			102,200.00	101,556.48	Nov-19-04	8.475%	CA - 83.08%	Paid Off - 360	Dec-19-03
1246971 1			378,250.00	375,786.59	Aug-30-04	6.700%	CA - 85.00%	Paid Off - 360	Dec-04-03
1237178 1			199,200.00	197,649.15	Nov-17-04	7.400%	RI - 80.00%	Paid Off - 360	Dec-31-03
1247821 1			48,400.00	47,997.69	Aug-30-04	11.000%	HI - 20.00%	Paid Off - 240	Dec-03-03
1238078 1			86,450.00	85,783.50	Nov-02-04	7.450%	FL - 95.00%	Paid Off - 360	Dec-17-03
1248506 1			59,780.00	59,305.35	Aug-03-04	7.650%	OH - 51.09%	Paid Off - 300	Dec-17-03
1240322 1			345,000.00	342,885.20	Nov-02-04	8.600%	CA - 79.31%	Paid Off - 360	Dec-12-03
1248743 1			213,750.00	212,842.70	Aug-12-04	8.600%	NY - 75.00%	Paid Off - 360	Dec-22-03
1241338 1			260,100.00	257,768.64	Nov-15-04	6.875%	CA - 90.00%	Paid Off - 360	Dec-18-03
1249220 1			200,000.00	198,774.07	Aug-11-04	6.750%	CA - 85.47%	Paid Off - 360	Dec-02-03
1241760 1			280,000.00	277,965.30	Nov-22-04	7.750%	IL - 100.00%	Paid Off - 360	Dec-18-03
1250207 1			382,500.00	380,514.92	Aug-20-04	7.600%	NY - 85.00%	Paid Off - 360	Dec-18-03
1242294 1			203,400.00	202,007.44	Nov-03-04	8.050%	CA - 90.00%	Paid Off - 360	Dec-17-03
1252074 1			205,000.00	203,646.40	Aug-31-04	6.800%	CA - 73.74%	Paid Off - 360	Dec-01-03
1244649 1			258,750.00	256,352.96	Nov-24-04	6.500%	CA - 75.00%	Paid Off - 360	Dec-18-03
1258207 1			335,000.00	332,845.31	Aug-16-04	6.500%	CA - 78.82%	Paid Off - 360	Dec-19-03
1245718 1			85,320.00	84,594.97	Nov-23-04	6.950%	VA - 79.00%	Paid Off - 360	Dec-17-03
1259498 1			464,750.00	461,206.31	Aug-24-04	5.600%	IL - 65.00%	Paid Off - 360	Dec-16-03
1246066 1			136,500.00	135,209.49	Nov-30-04	6.400%	FL - 89.80%	Paid Off - 360	Dec-11-03
1264148 1			187,000.00	186,000.26	Aug-31-04	7.450%	CO - 85.00%	Paid Off - 360	Dec-29-03
1247945 1			65,450.00	64,983.68	Nov-03-04	7.850%	SC - 85.00%	Paid Off - 360	Dec-23-03
1266013 1			190,000.00	189,087.70	Aug-11-04	7.990%	MA - 47.50%	Paid Off - 360	Dec-18-03
1249075 1			198,000.00	196,030.75	Nov-19-04	6.125%	CA - 90.00%	Paid Off - 360	Dec-16-03
1266439 1			227,500.00	225,860.04	Aug-26-04	5.900%	CA - 70.00%	Paid Off - 360	Dec-15-03
1250543 1			148,500.00	147,286.14	Nov-24-04	7.150%	IL - 90.00%	Paid Off - 360	Dec-24-03
1266495 1			109,800.00	107,247.24	Aug-09-04	6.600%	WA - 90.00%	Paid Off - 180	Dec-17-03
1250589 1			248,000.00	245,908.87	Nov-01-04	6.990%	IL - 80.00%	Paid Off - 360	Dec-30-03
1267076 1			316,800.00	314,489.64	Aug-12-04	5.850%	CA - 90.00%	Paid Off - 360	Dec-09-03
1251766 1			31,200.00	30,765.18	Nov-22-04	9.850%	CA - 19.87%	Paid Off - 240	Dec-15-03
1267596 1			175,000.00	174,109.60	Aug-06-04	7.700%	MA - 68.62%	Paid Off - 360	Dec-19-03
1252151 1			193,500.00	191,865.78	Nov-29-04	6.990%	CA - 90.00%	Paid Off - 360	Dec-02-03
1269296 1			192,000.00	190,878.81	Aug-31-04	7.000%	NY - 80.00%	Paid Off - 360	Dec-23-03
1252333 1			180,000.00	178,584.94	Nov-02-04	7.350%	CA - 90.00%	Paid Off - 360	Dec-05-03
1270283 1			287,000.00	285,756.73	Aug-17-04	8.500%	CA - 70.00%	Paid Off - 360	Dec-17-03
1252425 1			60,000.00	59,200.67	Nov-09-04	10.990%	CA - 20.00%	Paid Off - 240	Nov-22-03
1270688 1			132,000.00	131,012.11	Aug-18-04	5.700%	IL - 62.85%	Paid Off - 360	Dec-18-03
1254423 1			194,500.00	192,646.08	Nov-22-04	6.350%	IL - 74.80%	Paid Off - 360	Dec-17-03
1271987 1			275,000.00	273,314.34	Aug-26-04	6.750%	NY - 80.88%	Paid Off - 360	Dec-16-03
1254540 1			162,400.00	161,342.38	Nov-08-04	8.300%	CO - 70.00%	Paid Off - 360	Dec-16-03
1273449 1			238,000.00	236,316.34	Aug-30-04	6.000%	CA - 85.00%	Paid Off - 360	Dec-15-03
1255141 1			202,500.00	201,509.66	Nov-02-04	9.700%	MA - 75.00%	Paid Off - 360	Dec-26-03
1275599 1			134,000.00	133,436.95	Aug-10-04	8.650%	TX - 51.53%	Paid Off - 360	Dec-23-03
1255301 1			210,000.00	208,229.28	Nov-03-04	6.990%	NY - 70.00%	Paid Off - 360	Dec-30-03
1275787 1			212,500.00	211,479.68	Aug-03-04	7.990%	FL - 85.00%	Paid Off - 360	Dec-22-03
1256062 1			540,000.00	534,718.45	Nov-18-04	6.400%	CA - 90.00%	Paid Off - 360	Dec-10-03
					Page 20 of 27				© COPYRIGHT 2004 Deutsche Bank
					Page 16 of 23				© COPYRIGHT 2004 Deutsche Bank
	GSAMP Trust 2004-NC1
	Mortgage Pass-Through Certificates
	Series 2004-NC1
	Prepayment Detail Report for September 27, 2004 Distribution
	Prepayment Detail Report for December 27, 2004 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
1276341 1			32,000.00	31,646.13	Aug-11-04	8.750%	CA - 20.00%	Paid Off - 240	Dec-18-03
1256331 1			159,600.00	157,964.03	Nov-09-04	6.300%	NV - 80.00%	Paid Off - 360	Dec-10-03
1278223 1			263,000.00	261,290.80	Aug-18-04	6.450%	CA - 79.69%	Paid Off - 360	Dec-17-03
1259326 1			247,500.00	244,784.96	Nov-02-04	5.600%	CA - 75.00%	Paid Off - 360	Dec-24-03
1279555 1			360,000.00	357,750.32	Aug-30-04	6.650%	CA - 80.00%	Paid Off - 360	Dec-19-03
1259579 1			28,200.00	27,840.25	Nov-08-04	10.550%	IL - 20.00%	Paid Off - 240	Dec-30-03
1280078 1			385,000.00	382,941.33	Aug-13-04	7.450%	CA - 100.00%	Paid Off - 360	Dec-17-03
1259658 1			102,000.00	101,251.44	Nov-11-04	7.700%	AZ - 85.00%	Paid Off - 360	Dec-26-03
1285867 1			270,000.00	268,345.06	Aug-02-04	6.750%	CA - 67.50%	Paid Off - 360	Dec-16-03
1260294 1			288,000.00	286,004.53	Nov-23-04	7.990%	NY - 80.00%	Paid Off - 360	Dec-19-03
1287226 1			137,400.00	136,749.73	Aug-18-04	8.125%	FL - 60.52%	Paid Off - 360	Dec-24-03
1261232 1			270,000.00	267,918.52	Nov-03-04	7.450%	MA - 90.00%	Paid Off - 360	Dec-31-03
1288730 1			285,000.00	283,122.52	Aug-25-04	6.375%	CA - 95.00%	Paid Off - 360	Dec-22-03
1264387 1			100,000.00	99,073.60	Nov-08-04	6.500%	CA - 83.33%	Paid Off - 360	Dec-11-03
1293373 1			297,500.00	295,796.35	Aug-02-04	7.100%	CA - 85.00%	Paid Off - 360	Dec-24-03
1264430 1			262,000.00	252,822.98	Nov-03-04	6.050%	CA - 59.54%	Paid Off - 180	Dec-12-03
					Page 21 of 27				© COPYRIGHT 2004 Deutsche Bank
1264993 1			346,500.00	343,259.37	Nov-08-04	6.450%	CA - 90.00%	Paid Off - 360	Dec-11-03
1265199 1			100,000.00	99,434.89	Nov-03-04	9.000%	OH - 80.00%	Paid Off - 360	Dec-26-03
1265221 1			297,500.00	295,208.33	Nov-23-04	7.500%	OH - 85.00%	Paid Off - 360	Dec-17-03
1265783 1			342,000.00	338,282.95	Nov-01-04	5.650%	CA - 90.00%	Paid Off - 360	Dec-11-03
1269464 1			82,000.00	81,019.38	Nov-15-04	6.850%	CA - 31.53%	Paid Off - 360	Dec-23-03
1270776 1			141,950.00	140,673.80	Nov-03-04	6.700%	AZ - 85.00%	Paid Off - 360	Dec-26-03
1272581 1			408,000.00	404,036.68	Nov-02-04	6.250%	CA - 64.76%	Paid Off - 360	Dec-22-03
1274008 1			119,000.00	118,177.15	Nov-30-04	8.000%	MO - 85.00%	Paid Off - 360	Dec-15-03
1274494 1			162,360.00	161,058.36	Nov-18-04	7.250%	FL - 90.00%	Paid Off - 360	Dec-19-03
1275628 1			310,000.00	306,986.03	Nov-11-04	6.250%	CA - 94.22%	Paid Off - 360	Dec-19-03
1276203 1			131,250.00	128,422.67	Nov-05-04	6.900%	FL - 75.00%	Paid Off - 240	Dec-22-03
1276369 1			169,600.00	168,095.01	Nov-16-04	6.725%	WA - 80.00%	Paid Off - 360	Dec-17-03
1276848 1			177,650.00	176,857.56	Nov-08-04	10.400%	CA - 85.00%	Paid Off - 360	Dec-23-03
1279330 1			126,000.00	124,937.56	Nov-19-04	6.990%	CA - 90.00%	Paid Off - 360	Dec-16-03
1280228 1			220,000.00	217,942.08	Nov-29-04	6.450%	IL - 74.57%	Paid Off - 360	Dec-23-03
1281055 1			174,250.00	173,103.78	Nov-09-04	8.250%	FL - 85.00%	Paid Off - 360	Dec-30-03
1282214 1			178,500.00	177,626.92	Nov-04-04	9.700%	DC - 85.00%	Paid Off - 360	Dec-23-03
1282244 1			292,500.00	289,916.91	Nov-10-04	6.750%	CA - 67.24%	Paid Off - 360	Dec-18-03
1285855 1			258,000.00	257,956.11	Nov-05-04	5.750%	CA - 81.90%	Paid Off - 300	Dec-23-03
1286267 1			42,400.00	41,790.39	Nov-16-04	9.600%	WA - 20.00%	Paid Off - 240	Dec-17-03
1286665 1			66,180.00	65,116.90	Nov-18-04	9.120%	TN - 19.35%	Paid Off - 240	Dec-19-03
1287367 1			225,000.00	223,213.74	Nov-10-04	7.300%	NY - 75.00%	Paid Off - 360	Dec-23-03
1287908 1			352,500.00	350,607.77	Nov-30-04	9.250%	NV - 75.00%	Paid Off - 360	Dec-23-03
1288008 1			405,000.00	400,891.63	Nov-22-04	6.750%	CA - 90.00%	Paid Off - 360	Dec-29-03
1288204 1			39,000.00	38,432.17	Nov-10-04	9.500%	CA - 20.00%	Paid Off - 240	Dec-23-03
1288212 1			30,000.00	29,093.19	Nov-10-04	9.800%	CA - 20.00%	Paid Off - 240	Dec-22-03
1288692 1			32,760.00	32,164.67	Nov-18-04	8.850%	NV - 20.00%	Paid Off - 240	Dec-23-03
1289133 1			39,000.00	37,917.95	Nov-18-04	9.050%	CA - 10.26%	Paid Off - 180	Dec-24-03
1291517 1			236,000.00	233,975.15	Nov-30-04	6.900%	CA - 80.00%	Paid Off - 360	Dec-23-03
1291558 1			59,000.00	58,157.03	Nov-30-04	9.650%	CA - 20.00%	Paid Off - 240	Dec-23-03
1291968 1			308,800.00	308,800.00	Nov-08-04	5.250%	CA - 80.00%	Paid Off - 300	Dec-18-03
1292182 1			138,500.00	137,689.57	Nov-30-04	8.850%	IL - 72.89%	Paid Off - 360	Dec-23-03
1294789 1			113,500.00	112,633.58	Nov-02-04	7.500%	CA - 48.60%	Paid Off - 360	Dec-29-03
1295114 1			175,000.00	173,617.44	Nov-01-04	7.325%	CO - 67.30%	Paid Off - 360	Dec-26-03
1295423 1			123,840.00	122,940.07	Nov-08-04	7.750%	CA - 90.00%	Paid Off - 360	Dec-29-03
1297416 1			21,800.00	21,520.17	Nov-29-04	10.500%	NM - 20.00%	Paid Off - 240	Dec-26-03
					Page 17 of 23				© COPYRIGHT 2004 Deutsche Bank
	GSAMP Trust 2004-NC1
	Mortgage Pass-Through Certificates
	Series 2004-NC1
	Realized Loss Report for September 27, 2004 Distribution
	Realized Loss Report for December 27, 2004 Distribution
	Realized Loss Report - Collateral
COLLATERAL REALIZED LOSSES								TOTAL
	Current
	Number of Loans Liquidated							-2
	Collateral Realized Loss/(Gain) Amount							-51,424.94
	Net Liquidation Proceeds							-
	Cumulative
	Number of Loans Liquidated							-2
	Collateral Realized Loss/(Gain) Amount							-51,424.94
	Net Liquidation Proceeds							-
	Note: Collateral Realized Loss Amount may include adjustments to loans liquidated in prior periods.
	Supplemental Realized Losses (Recoveries)							0.00
	Cumulative Loss Percentage							0.~~017883~~030426%
	Applied Realized Loss Amount Current							0.00
	Applied Realized Loss Amount Aggregate							0.00
							3 Months Moving Average
Collateral Loss Severity Approximation by Groups					Collateral Loss Severity Approximation
				Page 22 of 27				© COPYRIGHT 2004 Deutsche Bank
				Page 18 of 23				© COPYRIGHT 2004 Deutsche Bank
	GSAMP Trust 2004-NC1
	Mortgage Pass-Through Certificates
	Series 2004-NC1
	Realized Loss Report for September 27, 2004 Distribution
	Realized Loss Report for December 27, 2004 Distribution
	Realized Loss Report - Collateral
DEFAULT SPEEDS								TOTAL
	MDR							0.0002%
	3 Months Avg MDR							0.0001%
	12 Months Avg MDR
	Avg MDR Since Cut-off							0.00%
	CDR							0.0018%
	3 Months Avg CDR							0.0006%
	12 Months Avg CDR
	Avg CDR Since Cut-off							0.0002%
	SDA							0.0081%
	3 Months Avg SDA Approximation							0.0045%
	12 Months Avg SDA Approximation
	Avg SDA Since Cut-off Approximation							0.0020%
	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
CDR by Groups					Total CDR
SDA by Groups					Total SDA
				Page 23 of 27				© COPYRIGHT 2004 Deutsche Bank
				Page 19 of 23				© COPYRIGHT 2004 Deutsche Bank
	GSAMP Trust 2004-NC1
	Mortgage Pass-Through Certificates
	Series 2004-NC1
	Realized Loss Report for September 27, 2004 Distribution
	Realized Loss Report for December 27, 2004 Distribution
	Realized Loss Report - Collateral
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 24 of 27				© COPYRIGHT 2004 Deutsche Bank
				Page 20 of 23				© COPYRIGHT 2004 Deutsche Bank
	GSAMP Trust 2004-NC1
	Mortgage Pass-Through Certificates
	Series 2004-NC1
	Realized Loss Detail Report for September 27, 2004 Distribution
	Realized Loss Detail Report for December 27, 2004 Distribution
	Realized Loss Detail Report - Loans Liquidated During Current Distribution
SUMMARY							LOAN GROUP
Total Loan Count Current Losses = 0
Total Loan Count Current Losses = 2
Total Loan Count Revisions = 0						Loan Group 1 = Group 1 - Fixed/Adj
Total Prior Principal Balance = 0.00
Total Prior Principal Balance = 51,424.94
Total Current Realized Loss Amount = 0.00
Total Current Realized Loss Amount = 51,424.94
Total Revisions Amount = 0.00
Total Realized Loss Amount = 0.00
Total Realized Loss Amount = 51,424.94
Total Net Liquidation Proceeds = 0.00
Note: Total Realized Loss Amount may include adjustments to loans liquidated in prior periods.
Loan Number			Current	State &		Prior	Realized		Cumulative
&		Loan	Note	LTV at	Original	Principal	Loss/(Gain)	Realized	Realized
Loan Group		Status	Rate	Origination	Term	Balance	Revisions	Loss/(Gain)	Loss/(Gain)
SPACE INTENTIONALLY LEFT BLANK
1172223 1			0.000%	FL - 20.00%	240	24,802.11		24,802.11
					Page 25 of 27				© COPYRIGHT 2004 Deutsche Bank
1300203 1			0.000%	IN - 20.00%	240	26,622.83		26,622.83
					Page 21 of 23				© COPYRIGHT 2004 Deutsche Bank
	GSAMP Trust 2004-NC1
	Mortgage Pass-Through Certificates
	Series 2004-NC1
	Triggers, Adj. Rate Cert. and Miscellaneous Report for September 27, 2004 Distribution
	Triggers, Adj. Rate Cert. and Miscellaneous Report for December 27, 2004 Distribution
	Triggers, Adj. Rate Cert. and Miscellaneous Report
TRIGGER EVENTS								TOTAL
	Has the Optional Termination Date been reached							No
	Has a Stepdown Date occurred?							No
	Does Trigger Event exist?							No
	A Trigger Event exists if either (i) or (ii) are true
	(i) the quotient of (1) divided by (2) > 45% of Sr. Enhance %
	(1) 60+ Day Rolling Delq loans							613,~~318~~334,~~375~~770.1218
	(2) Stated Principal Balance							~~366~~324,~~880~~944,~~433~~534.3085
	60+ Day Delq % ( quotient of (1) over (2) )							14.~~722189~~103707%
	Senior Enhancement Percentage							2326.~~466210~~478829%
	46.5% of Sr Enhancement Percentage							810.~~917160~~061955%
	(ii) the quotient of (x) divided by (y) > the applicable loss %
	(x) aggregate Realized Losses since Cutoff Date							73124,~~313~~738.2216
	(y) Cutoff Date Pool Principal Balance							409,965,556.60
	Trigger Event Loss % (quotient of (x) over (y) )							0.~~017883~~030426%
	Applicable Loss Percentage							100.000000%
ADJUSTABLE RATE CERTIFICATE INFORMATION								TOTAL
SPACE INTENTIONALLY LEFT BLANK
ADDITIONAL INFORMATION								TOTAL
	Scheduled Principal
	1 Month Prior							~~338~~307,~~088~~013.3192
	2 Months Prior							~~345~~319,~~012~~742.4712
	3 Months Prior							~~351~~329,~~194~~497.1278
	4 Months Prior							~~358~~338,~~427~~088.8331
	5 Months Prior							~~360~~345,~~055~~012.7947
	6 Months Prior							~~264~~351,~~917~~194.3312
	7 Months Prior							0358,427.0083
	8 Months Prior							0360,055.0079
	9 Months Prior							0264,917.0033
	10 Months Prior							0.00
	11 Months Prior							0.00
	12 Months Prior							0.00
				Page 26 of 27				© COPYRIGHT 2004 Deutsche Bank
				Page 22 of 23				© COPYRIGHT 2004 Deutsche Bank
	GSAMP Trust 2004-NC1
	Mortgage Pass-Through Certificates
	Series 2004-NC1
	Other Related Information for September 27, 2004 Distribution
	Other Related Information for December 27, 2004 Distribution
	Other Related Information
ADDITIONAL INFORMATION								TOTAL
	Scheduled Principal on 60+ Day Delinquent Loans
	1 Month Prior							47,~~114~~201.9610
	2 Months Prior							36,~~488~~702.4797
	3 Months Prior							24,~~780~~866.2652
	4 Months Prior							~~729~~4,114.3696
	5 Months Prior							03,488.0047
	6 Months Prior							02,780.0026
	7 Months Prior							0729.0036
	8 Months Prior							0.00
	9 Months Prior							0.00
	10 Months Prior							0.00
	11 Months Prior							0.00
	12 Months Prior							0.00
				Page 27 of 27				© COPYRIGHT 2004 Deutsche Bank
				Page 23 of 23				© COPYRIGHT 2004 Deutsche Bank

Filing Compare · GSAMP Trust 2004-NC1