
                                    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): December 27, 2004
                             (Date of earliest event reported)

          Structured Asset Securities Corporation (as Depositor under the
      Trust Agreement, dated as January 1, 2004, providing for the issuance
             of Mortgage Pass-Through Certificates, Series 2004-1)
               (Exact name of registrant as specified in charter)

                                        DELAWARE
                     (State or Other Jurisdiction of Incorporation)

               333-106925-22                         77-2440850
          (Commission File Number)        (I.R.S. Employer Identification No.)


745 Seventh Avenue, 7th Floor, New York, NY 10019
(Address of principal executive offices)      (Zip Code)

Registrant's telephone number, including area code  (212) 526-7000

(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.

This current report on Form 8-K relates to the monthly distribution reported to the holders of Structured Asset Securities Corporation Mortgage Pass-Through Certificates, Series 2004-1, which was made on January 1,2004


Item 9.01 Financial Statements and Exhibits.

(c) Exhibits

Exhibit No. Description

99.1 Monthly distribution report pursuant to Section 4.03 of the Trust
Agreement for distribution on 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 behalf of the Registrant by the undersigned thereunto duly authorized.



DEUTSCHE BANK NATIONAL TRUST COMPANY, IN ITS CAPACITY AS TRUSTEE UNDER THE
TRUST AGREEMENT ON BEHALF OF STRUCTURED ASSET SECURITIES CORPORATION, REGISTRANT




                                  By:  /s/  Katherine M. Wannenmacher
                                            Katherine M. Wannenmacher
                                            Vice President
                                            Date:  Dec 27, 2004




                        EXHIBIT INDEX


DOCUMENT

99.1 Monthly distribution report pursuant to Section 4.03 of the Trust
Agreement for distribution on December 27, 2004.


	Structured Asset Investment Loan Trust (SAIL) 2004-1
	Mortgage Pass-Through Certificates


	December 27, 2004 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				31
			12.	Realized Loss Detail Report				34
			13.	Triggers, Adj. Rate Cert. and Miscellaneous Report				35




				Total Number of Pages				35



			CONTACTS

				Administrator:
				Direct Phone Number:
				Address: Deutsche Bank
				1761 E. St. Andrew Place, Santa Ana, CA 92705

				Web Site: https://www.tss.db.com/invr
				Factor Information: (800) 735-7777
				Main Phone Number: (714) 247-6000



ISSUANCE INFORMATION

	Seller:		Structured Asset Securitie					Cut-Off Date: January 1, 2004
	Certificate Insurer(s):							Closing Date: January 29, 2004
								First Payment Date: February 25, 2004
	Servicer(s):		Master Servicer


								Distribution Date: December 27, 2004
	Underwriter(s):		Lehman Brothers					Record Date: December 24, 2004
								November 30, 2004






						Page 1 of 35					© COPYRIGHT 2004 Deutsche Bank
	Structured Asset Investment Loan Trust (SAIL) 2004-1
	Mortgage Pass-Through Certificates
	Series 2004-1
	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)

A1	FLT	1,125,979,000.00			591,458,471.34	1,217,575.26	78,716,441.78	79,934,017.04	-	-	512,742,029.56
A2	FLT	446,249,000.00			219,165,291.38	449,285.99	24,793,066.55	25,242,352.54	-	-	194,372,224.83
A3	FLT	541,997,000.00			541,997,000.00	1,086,703.99	-	1,086,703.99	-	-	541,997,000.00
A-IO	FLT	-			-	2,146,415.00	-	2,146,415.00	-	-	-
M1	FLT	113,283,000.00			113,283,000.00	276,125.83	-	276,125.83	-	-	113,283,000.00
M2	MEZ	65,585,000.00			65,585,000.00	224,809.95	-	224,809.95	-	-	65,585,000.00
M3	MEZ	17,886,000.00			17,886,000.00	63,619.27	-	63,619.27	-	-	17,886,000.00
M4	MEZ	17,886,000.00			17,886,000.00	75,940.74	-	75,940.74	-	-	17,886,000.00
M5	MEZ	17,886,000.00			17,886,000.00	79,791.20	-	79,791.20	-	-	17,886,000.00
M6	MEZ	11,923,000.00			11,923,000.00	53,189.67	-	53,189.67	-	-	11,923,000.00
B	MEZ	14,308,000.00			14,308,000.00	71,540.00	-	71,540.00	-	-	14,308,000.00
X	MEZ	11,925,419.94			11,925,519.94	4,316,063.96	-	4,316,063.96	-	-	11,925,519.94
P	MEZ	100.00			100.00	1,751,154.78	-	1,751,154.78	-	-	100.00
R	MEZ	-			-	-	-	-	-	-	-


Total		2,384,907,519.94			1,623,303,382.66	11,812,215.64	103,509,508.33	115,321,723.97	-	-	1,519,793,874.33


	Interest Accrual Detail				Current Period Factor Information per $1,000 of Original Face
						Orig. Principal	Prior				Current
	Period	Period				(with Notional)	Principal			Total	Principal
Class	Starting	Ending		Method	Cusip	Balance	Balance	Interest	Principal	Distribution	Balance
							(1)	(2)	(3)	(4)=(2)+(3)	(5)

A1	11/26/04	12/26/04		A-30/Act	86358EFW1	1,125,979,000.00	525.283750	1.081348	69.909334	70.990682	455.374416
A2	11/26/04	12/26/04		A-30/Act	86358EFX9	446,249,000.00	491.127804	1.006806	55.558817	56.565623	435.568987
A3	11/26/04	12/26/04		A-30/Act	86358EFY7	541,997,000.00	1,000.000000	2.005000	-	2.005000	1,000.000000
A-IO	11/26/04	12/26/04		A-30/Act	86358EFZ4	572,378,000.00	749.999126	3.749996	-	3.749996	749.999126
M1	11/26/04	12/26/04		A-30/Act	86358EGA8	113,283,000.00	1,000.000000	2.437487	-	2.437487	1,000.000000
M2	11/26/04	12/26/04		A-30/Act	86358EGB6	65,585,000.00	1,000.000000	3.427765	-	3.427765	1,000.000000
M3	11/26/04	12/26/04		A-30/Act	86358EGC4	17,886,000.00	1,000.000000	3.556931	-	3.556931	1,000.000000
M4	11/26/04	12/26/04		A-30/Act	86358EGD2	17,886,000.00	1,000.000000	4.245820	-	4.245820	1,000.000000
M5	11/26/04	12/26/04		A-30/Act	86358EGE0	17,886,000.00	1,000.000000	4.461098	-	4.461098	1,000.000000
M6	11/26/04	12/26/04		A-30/Act	86358EGF7	11,923,000.00	1,000.000000	4.461098	-	4.461098	1,000.000000
B	11/26/04	12/26/04		A-30/Act	86358EGG5	14,308,000.00	1,000.000000	5.000000	-	5.000000	1,000.000000
X	11/26/04	12/26/04		A-30/Act	LH0401401	2,396,832,939.88	682.655966	1.800736	-	1.800736	639.478460
P	11/26/04	12/26/04		A-30/Act	LH0401402	100.00	1,000.000000	17,511,547.800000	-	################	1,000.000000
R	11/26/04	12/26/04		A-30/Act	LH0401403	-	-	-	-	-	-


							Page 2 of 35				© COPYRIGHT 2004 Deutsche Bank
	Structured Asset Investment Loan Trust (SAIL) 2004-1
	Mortgage Pass-Through Certificates
	Series 2004-1
	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)

A1	1,125,979,000.00		13,512,229.84		738,674.29	612,498,296.15	613,236,970.44	626,749,200.28	-	-	512,742,029.56
A2	446,249,000.00		5,106,723.03		265,067.67	251,611,707.50	251,876,775.17	256,983,498.20	-	-	194,372,224.83
A3	541,997,000.00		11,953,743.89		0.00	-	-	11,953,743.89	-	-	541,997,000.00
A-IO	-		27,903,415.00		-	-	-	27,903,415.00	-	-	-
M1	113,283,000.00		2,214,350.77		-	-	-	2,214,350.77	-	-	113,283,000.00
M2	65,585,000.00		1,988,035.35		-	-	-	1,988,035.35	-	-	65,585,000.00
M3	17,886,000.00		567,281.58		-	-	-	567,281.58	-	-	17,886,000.00
M4	17,886,000.00		701,227.86		-	-	-	701,227.86	-	-	17,886,000.00
M5	17,886,000.00		743,086.05		-	-	-	743,086.05	-	-	17,886,000.00
M6	11,923,000.00		495,349.15		-	-	-	495,349.15	-	-	11,923,000.00
B	14,308,000.00		786,940.00		-	-	-	786,940.00	-	-	14,308,000.00
X	11,925,419.94		61,007,296.03		-	-	-	61,007,296.03	-	100.00	11,925,519.94
P	100.00		15,039,450.39		-	-	-	15,039,450.39	-	-	100.00
R	-		0.00		-	-	-	0.00	-	-	-


Total	2,384,907,519.94		142,019,128.95		1,003,741.96	864,110,003.65	865,113,745.61	1,007,132,874.56	-	100.00	1,519,793,874.33


	Interest Detail
	Pass-	Prior Principal				Non-	Prior	Unscheduled		Paid or	Current
	Through	(with Notional)			Accrued	Supported	Unpaid	Interest	Optimal	Deferred	Unpaid
Class	Rate	Balance			Interest	Interest SF	Interest	Adjustments	Interest	Interest	Interest
					(1)	(2)	(3)	(4)	(5)=(1)-(2)+(3)+(4)	(6)	(7)=(5)-(6)

A1	2.39063%	591,458,471.34			1,217,575.26	-	-	-	1,217,575.26	1,217,575.26	-
A2	2.38063%	219,165,291.38			449,285.99	-	-	-	449,285.99	449,285.99	-
A3	2.40600%	541,997,000.00			1,086,703.99	-	-	-	1,086,703.99	1,086,703.99	-
A-IO	6.00000%	429,282,999.90			2,146,415.00	-	-	-	2,146,415.00	2,146,415.00	-
M1	2.83063%	113,283,000.00			276,125.83	-	-	-	276,125.83	276,125.83	-
M2	3.98063%	65,585,000.00			224,809.95	-	-	-	224,809.95	224,809.95	-
M3	4.13063%	17,886,000.00			63,619.27	-	-	-	63,619.27	63,619.27	-
M4	4.67128%	17,886,000.00			75,940.74	-	-	-	75,940.74	75,940.74	-
M5	4.67128%	17,886,000.00			79,791.20	-	-	-	79,791.20	79,791.20	-
M6	4.67128%	11,923,000.00			53,189.67	-	-	-	53,189.67	53,189.67	-
B	4.82699%	14,308,000.00			71,540.00	-	-	-	71,540.00	71,540.00	-
X	2.15522%	1,636,212,306.90			4,316,063.96	-	-	-	4,316,063.96	4,316,063.96	-
P		100.00			1,751,154.78	-	-	-	1,751,154.78	1,751,154.78	-
R		-			-	-	-	-	-	-	-


Total		3,676,873,169.52			11,812,215.64	-	-	-	############	11,812,215.64	-


							Page 3 of 35				© COPYRIGHT 2004 Deutsche Bank
	Structured Asset Investment Loan Trust (SAIL) 2004-1
	Mortgage Pass-Through Certificates

	Collection Account Report for December 27, 2004 Distribution


	Collection Account Report


SUMMARY						GROUP 2	GROUP 1	TOTAL

	Principal Collections					24,788,219.13	78,701,051.54	103,489,270.67
	Principal Other Accounts					0.00	0.00	0.00
	TOTAL NET PRINCIPAL					24,788,219.13	78,701,051.54	103,489,270.67

	Interest Collections					2,668,027.74	7,219,717.37	9,887,745.11
	Interest Withdrawals					0.00	3,167.57	3,167.57
	Interest Other Accounts					0.00	0.00	0.00
	Interest Fees					(317,911.95)	(909,583.31)	(1,227,495.26)
	Interest Rate Cap Payments					0.00	0.00	1,414,493.10
	TOTAL NET INTEREST					2,350,115.79	6,313,301.63	10,077,910.52
	TOTAL PRINCIPAL & INTEREST DISTRIBUTABLE					27,138,334.92	85,014,353.17	112,152,688.09

	Prepayment Premiums Collected							1,751,154.78

	TOTAL FUNDS AVAILABLE FOR DISTRIBUTION					27,138,334.92	85,014,353.17	113,903,842.87


PRINCIPAL - COLLECTIONS						GROUP 2	GROUP 1	TOTAL

	Scheduled Principal Received					348,074.11	957,907.87	1,305,981.98
	Prepayments In Full					23,696,480.74	76,824,749.84	100,521,230.58
	Curtailments					23,064.53	208,644.24	231,708.77
	Liquidations					0.00	205,196.90	205,196.90
	Insurance Principal					0.00	0.00	0.00
	Repurchased Principal Amounts					720,599.75	524,790.35	1,245,390.10
	Other Principal					0.00	0.00	0.00
	Total Realized Loss Of Principal					0.00	(20,237.66)	(20,237.66)
	Delinquent Principal					(49,717.40)	(129,178.63)	(178,896.03)
	Advanced Principal					49,717.40	129,178.63	178,896.03

	TOTAL PRINCIPAL COLLECTED					24,788,219.13	78,701,051.54	103,489,270.67


				Page 4 of 35				© COPYRIGHT 2004 Deutsche Bank
	Structured Asset Investment Loan Trust (SAIL) 2004-1
	Mortgage Pass-Through Certificates

	Collection Account Report for December 27, 2004 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					2,689,630.12	7,284,727.87	9,974,357.99
	Liquidation Interest					0.00	1,460.41	1,460.41
	Repurchased Interest					4,871.92	3,726.18	8,598.10
	Insurance Interest					0.00	0.00	0.00
	Other Interest					0.00	0.00	0.00
	Relief Act Interest Shortfalls					(224.21)	(573.61)	(797.82)
	Net Prepayment Interest Shortfalls					0.00	0.00	0.00
	Delinquent Interest					(406,586.32)	(1,117,420.30)	(1,524,006.62)
	Interest Advanced					380,336.23	1,047,796.82	1,428,133.05

	TOTAL INTEREST COLLECTED					2,668,027.74	7,219,717.37	9,887,745.11


				Page 5 of 35				© COPYRIGHT 2004 Deutsche Bank
	Structured Asset Investment Loan Trust (SAIL) 2004-1
	Mortgage Pass-Through Certificates

	Collection Account Report for December 27, 2004 Distribution


	Collection Account Report


INTEREST - WITHDRAWALS						GROUP 2	GROUP 1	TOTAL

	Trust Fund Expenses					0.00	0.00	0.00
	Nonrecoverable Advances					0.00	0.00	0.00
	Reimbursements to Master Servicer					0.00	(3,167.57)	(3,167.57)

	TOTAL INTEREST WITHDRAWALS					0.00	(3,167.57)	(3,167.57)


INTEREST - OTHER ACCOUNTS						GROUP 2	GROUP 1	TOTAL



	Retained Interest Due to Unaffiliated Seller						0.00	0.00

	TOTAL INTEREST OTHER ACCOUNTS					0.00	0.00	0.00


INTEREST - FEES						GROUP 2	GROUP 1	TOTAL

	Current Servicing Fees					162,356.76	417,389.93	579,746.69
	Trustee Fee					283.03	731.53	1,014.56
	PMI Insurance Fees					149,611.55	476,831.16	626,442.71
	Credit Risk Manager's Fee					5,660.61	14,630.68	20,291.29
	TOTAL INTEREST OTHER FEES					317,911.95	909,583.31	1,227,495.26


				Page 6 of 35				© COPYRIGHT 2004 Deutsche Bank
	Structured Asset Investment Loan Trust (SAIL) 2004-1
	Mortgage Pass-Through Certificates

	Credit Enhancement Report for December 27, 2004 Distribution


	Credit Enhancement Report


ACCOUNTS						GROUP 2	GROUP 1	TOTAL

	Basis Risk Reserve Account Beginning Balance							1,000.00


INSURANCE						GROUP 2	GROUP 1	TOTAL
SPACE INTENTIONALLY LEFT BLANK


STRUCTURAL FEATURES						GROUP 2	GROUP 1	TOTAL

	Beginning Subordinated Amount							11,905,282.28
	Ending Subordinated Amount							11,925,519.94
	Specified Subordinated Amount							11,925,519.94
	Senior Enhancement Percentage							17.81%
	Current Period's Overcollateralization Deficiency Amount							0.00


				Page 7 of 35				© COPYRIGHT 2004 Deutsche Bank
	Structured Asset Investment Loan Trust (SAIL) 2004-1
	Mortgage Pass-Through Certificates

	Collateral Report for December 27, 2004 Distribution


	Collateral Report


COLLATERAL						GROUP 2	GROUP 1	TOTAL
	Loan Count:
	*Original*					2402	11160	13562
	Prior					1,631	8,082	9,713
	Prefunding					-	-	-
	Scheduled Paid Offs					-	-	-
	Full Voluntary Prepayments					(90)	(478)	(568)
	Repurchases					(2)	(3)	(5)
	Liquidations					-	(2)	(2)
	Current					1,539	7,599	9,138

	*Principal Balance:*
	Original					680,255,720.32	1,704,651,799.62	2,384,907,519.94
	Prior					452,848,623.38	1,170,454,759.28	1,623,303,382.66
	Prefunding					-	-	-
	Scheduled Principal					(348,074.11)	(957,907.87)	(1,305,981.98)
	Partial and Full Voluntary Prepayments					(23,719,545.27)	(77,033,394.08)	(100,752,939.35)
	Repurchases					(720,599.75)	(524,790.35)	(1,245,390.10)
	Liquidations					-	(205,196.90)	(205,196.90)
	Current					428,060,404.25	1,091,733,470.08	1,519,793,874.33

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 35				© COPYRIGHT 2004 Deutsche Bank
	Structured Asset Investment Loan Trust (SAIL) 2004-1
	Mortgage Pass-Through Certificates

	Collateral Report for December 27, 2004 Distribution


	Collateral Report


CHARACTERISTICS						GROUP 2	GROUP 1	TOTAL

	Weighted Average Coupon Original					7.245033%	7.525030%	7.445165%
	Weighted Average Coupon Prior					7.166131%	7.483788%	7.395627%
	Weighted Average Coupon Current					7.140140%	7.473930%	7.380814%
	Weighted Average Months to Maturity Original					349	350	350
	Weighted Average Months to Maturity Prior					342	340	341
	Weighted Average Months to Maturity Current					341	339	340
	Weighted Avg Remaining Amortization Term Original					353	351	352
	Weighted Avg Remaining Amortization Term Prior					344	341	342
	Weighted Avg Remaining Amortization Term Current					343	340	341
	Weighted Average Seasoning Original					4.32	3.84	3.98
	Weighted Average Seasoning Prior					13.22	12.82	12.93
	Weighted Average Seasoning Current					14.23	13.82	13.94

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 35				© COPYRIGHT 2004 Deutsche Bank
	Structured Asset Investment Loan Trust (SAIL) 2004-1
	Mortgage Pass-Through Certificates

	Collateral Report for December 27, 2004 Distribution


	Collateral Report


ARM CHARACTERISTICS						GROUP 2	GROUP 1	TOTAL

	Weighted Average Margin Original					3.976%	4.473%
	Weighted Average Margin Prior					3.855%	4.311%
	Weighted Average Margin Current					3.814%	4.263%
	Weighted Average Max Rate Original					9.040%	10.173%
	Weighted Average Max Rate Prior					8.736%	9.783%
	Weighted Average Max Rate Current					8.651%	9.684%
	Weighted Average Min Rate Original					4.603%	5.279%
	Weighted Average Min Rate Prior					4.465%	5.078%
	Weighted Average Min Rate Current					4.412%	5.026%
	Weighted Average Cap Up Original					0.862%	0.724%
	Weighted Average Cap Up Prior					0.863%	0.699%
	Weighted Average Cap Up Current					0.853%	0.692%
	Weighted Average Cap Down Original					0.862%	0.724%
	Weighted Average Cap Down Prior					0.863%	0.699%
	Weighted Average Cap Down Current					0.853%	0.692%

Note: Original information refers to deal issue.

SERVICING FEES / ADVANCES						GROUP 2	GROUP 1	TOTAL

	Current Servicing Fees					162,356.76	417,389.93	579,746.69
	Delinquent Servicing Fees					26,250.10	69,623.48	95,873.58
	TOTAL SERVICING FEES					188,606.86	487,013.41	675,620.27

	Prepayment Interest Shortfall					13,263.87	50,994.99	64,258.86
	Compensating Interest					(13,263.87)	(50,994.99)	(64,258.86)

	Delinquent Servicing Fees					(26,250.10)	(69,623.48)	(95,873.58)

	COLLECTED SERVICING FEES					162,356.76	417,389.93	579,746.69

	Aggregate Advances with respect to this Distribution					430,053.63	1,176,975.45	1,607,029.08
	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	0.00	0.00

	Net Monthly Excess Cash Flow							2,952,863.80

	Ending Pool Stated Principal Balance					428,060,404.25	1,091,733,470.08	1,519,793,874.33


				Page 10 of 35				© COPYRIGHT 2004 Deutsche Bank
	Structured Asset Investment Loan Trust (SAIL) 2004-1
	Mortgage Pass-Through Certificates

	Delinquency Report for December 27, 2004 Distribution


	Delinquency Report - Total


				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			42,058,580.45	15,517,356.42	6,747,222.69	64,323,159.56
		% Balance			2.77%	1.02%	0.44%	4.23%
		# Loans			269	109	42	420
		% # Loans			2.94%	1.19%	0.46%	4.60%
FORECLOSURE		Balance		-	-	-	32,032,940.99	32,032,940.99
		% Balance		0.00%	0.00%	0.00%	2.11%	2.11%
		# Loans		-	-	-	193	193
		% # Loans		0.00%	0.00%	0.00%	2.11%	2.11%
BANKRUPTCY		Balance		2,664,347.34	130,419.44	795,446.32	7,548,325.03	11,138,538.13
		% Balance		0.18%	0.01%	0.05%	0.50%	0.73%
		# Loans		26	2	3	49	80
		% # Loans		0.28%	0.02%	0.03%	0.54%	0.88%
REO		Balance		-	16,760.05	-	6,635,598.09	6,652,358.14
		% Balance		0.00%	0.00%	0.00%	0.44%	0.44%
		# Loans		-	1	-	42	43
		% # Loans		0.00%	0.01%	0.00%	0.46%	0.47%

TOTAL		Balance		2,664,347.34	42,205,759.94	16,312,802.74	52,964,086.80	114,146,996.82
		% Balance		0.18%	2.78%	1.07%	3.48%	7.51%
		# Loans		26	272	112	326	736
		% # Loans		0.28%	2.98%	1.23%	3.57%	8.05%
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 35				© COPYRIGHT 2004 Deutsche Bank
	Structured Asset Investment Loan Trust (SAIL) 2004-1
	Mortgage Pass-Through Certificates

	Delinquency Report for December 27, 2004 Distribution


	Delinquency Report - Group 1 Group


				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			29,377,822.53	12,601,544.33	4,283,474.14	46,262,841.00
		% Balance			2.69%	1.15%	0.39%	4.24%
		# Loans			217	96	32	345
		% # Loans			2.86%	1.26%	0.42%	4.54%
FORECLOSURE		Balance		-	-	-	21,794,187.44	21,794,187.44
		% Balance		0.00%	0.00%	0.00%	2.00%	2.00%
		# Loans		-	-	-	154	154
		% # Loans		0.00%	0.00%	0.00%	2.03%	2.03%
BANKRUPTCY		Balance		2,292,333.29	130,419.44	262,526.61	4,199,238.39	6,884,517.73
		% Balance		0.21%	0.01%	0.02%	0.38%	0.63%
		# Loans		22	2	2	33	59
		% # Loans		0.29%	0.03%	0.03%	0.43%	0.78%
REO		Balance		-	16,760.05	-	2,930,382.63	2,947,142.68
		% Balance		0.00%	0.00%	0.00%	0.27%	0.27%
		# Loans		-	1	-	25	26
		% # Loans		0.00%	0.01%	0.00%	0.33%	0.34%

TOTAL		Balance		2,292,333.29	29,525,002.02	12,864,070.94	33,207,282.60	77,888,688.85
		% Balance		0.21%	2.70%	1.18%	3.04%	7.13%
		# Loans		22	220	98	244	584
		% # Loans		0.29%	2.90%	1.29%	3.21%	7.69%
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 35				© COPYRIGHT 2004 Deutsche Bank
	Structured Asset Investment Loan Trust (SAIL) 2004-1
	Mortgage Pass-Through Certificates

	Delinquency Report for December 27, 2004 Distribution


	Delinquency Report - Group 2 Group


				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			12,680,757.92	2,915,812.09	2,463,748.55	18,060,318.56
		% Balance			2.96%	0.68%	0.58%	4.22%
		# Loans			52	13	10	75
		% # Loans			3.38%	0.84%	0.65%	4.87%
FORECLOSURE		Balance		-	-	-	10,238,753.55	10,238,753.55
		% Balance		0.00%	0.00%	0.00%	2.39%	2.39%
		# Loans		-	-	-	39	39
		% # Loans		0.00%	0.00%	0.00%	2.53%	2.53%
BANKRUPTCY		Balance		372,014.05	-	532,919.71	3,349,086.64	4,254,020.40
		% Balance		0.09%	0.00%	0.12%	0.78%	0.99%
		# Loans		4	-	1	16	21
		% # Loans		0.26%	0.00%	0.06%	1.04%	1.36%
REO		Balance		-	-	-	3,705,215.46	3,705,215.46
		% Balance		0.00%	0.00%	0.00%	0.87%	0.87%
		# Loans		-	-	-	17	17
		% # Loans		0.00%	0.00%	0.00%	1.10%	1.10%

TOTAL		Balance		372,014.05	12,680,757.92	3,448,731.80	19,756,804.20	36,258,307.97
		% Balance		0.09%	2.96%	0.81%	4.62%	8.47%
		# Loans		4	52	14	82	152
		% # Loans		0.26%	3.38%	0.91%	5.33%	9.88%
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 35				© COPYRIGHT 2004 Deutsche Bank
	Structured Asset Investment Loan Trust (SAIL) 2004-1
	Mortgage Pass-Through Certificates

	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; REO Book Value = Not Available
Total Original Principal Balance = 000.00				Loan Group 2 = Group 2; REO Book Value = Not Available
Total Current Balance = 000.00
REO Book Value = Not Available

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 35				© COPYRIGHT 2004 Deutsche Bank
	Structured Asset Investment Loan Trust (SAIL) 2004-1
	Mortgage Pass-Through Certificates

	Foreclosure Report for December 27, 2004 Distribution


	Foreclosure Report - Mortgage Loans that Become Foreclosure During Current Distribution


SUMMARY				LOAN GROUP

Total Loan Count = 0				Loan Group 1 = Group 1
Total Original Principal Balance = 000.00				Loan Group 2 = Group 2
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 35				© COPYRIGHT 2004 Deutsche Bank
	Structured Asset Investment Loan Trust (SAIL) 2004-1
	Mortgage Pass-Through Certificates

	Prepayment Report for December 27, 2004 Distribution


	Prepayment Report - Voluntary Prepayments


VOLUNTARY PREPAYMENTS						GROUP 2	GROUP 1	TOTAL

	*Current*
	Number of Paid in Full Loans					90	478	568
	Number of Repurchased Loans					2	3	5
	Total Number of Loans Prepaid in Full					92	481	573

	Paid in Full Balance					23,696,480.74	76,824,749.84	100,521,230.58
	Repurchased Loans Balance					720,599.75	524,790.35	1,245,390.10
	Curtailments Amount					23,064.53	208,644.24	231,708.77
	Total Prepayment Amount					24,440,145.02	77,558,184.43	101,998,329.45

	*Cumulative*
	Number of Paid in Full Loans					841	3,540	4,381
	Number of Repurchased Loans					13	8	21
	Total Number of Loans Prepaid in Full					854	3,548	4,402

	Paid in Full Balance					244,010,752.04	595,367,867.90	839,378,619.94
	Repurchased Loans Balance					2,326,493.60	1,466,807.17	3,793,300.77
	Curtailments Amount					959,216.37	2,539,454.71	3,498,671.08
	Total Prepayment Amount					247,296,462.01	599,374,129.78	846,670,591.79

SPACE INTENTIONALLY LEFT BLANK


Total Prepayments by Groups (in thousands of dollars)					Total Prepayments (in thousands of dollars)


				Page 16 of 35				© COPYRIGHT 2004 Deutsche Bank
	Structured Asset Investment Loan Trust (SAIL) 2004-1
	Mortgage Pass-Through Certificates

	Prepayment Report for December 27, 2004 Distribution


	Prepayment Report - Voluntary Prepayments


VOLUNTARY PREPAYMENT RATES						GROUP 2	GROUP 1	TOTAL

	SMM					5.40%	6.63%	6.29%
	3 Months Avg SMM					5.87%	6.38%	6.24%
	12 Months Avg SMM
	Avg SMM Since Cut-off					4.05%	3.89%	3.94%

	CPR					48.64%	56.11%	54.13%
	3 Months Avg CPR					51.60%	54.68%	53.84%
	12 Months Avg CPR
	Avg CPR Since Cut-off					39.11%	37.88%	38.23%

	PSA					1709.13%	2029.30%	1941.80%
	3 Months Avg PSA Approximation					1951.65%	2132.16%	2081.33%
	12 Months Avg PSA Approximation
	Avg PSA Since Cut-off Approximation					2114.43%	2145.20%	2136.62%



	Group 1
	Group 2


CPR by Groups					Total CPR


PSA by Groups					Total PSA


				Page 17 of 35				© COPYRIGHT 2004 Deutsche Bank
	Structured Asset Investment Loan Trust (SAIL) 2004-1
	Mortgage Pass-Through Certificates

	Prepayment Report for December 27, 2004 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/(0.002*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 18 of 35				© COPYRIGHT 2004 Deutsche Bank


	Structured Asset Investment Loan Trust (SAIL) 2004-1
	Mortgage Pass-Through Certificates

	Prepayment Detail Report for December 27, 2004 Distribution


	Prepayment Detail Report - Loans Prepaid in Full During Current Distribution


SUMMARY						LOAN GROUP

Total Loan Count = 573						Loan Group 1 = Group 1
Total Original Principal Balance = 102,986,819.00						Loan Group 2 = Group 2
Total Prepayment Amount = 101,766,620.68


Loan Number			Original			Current	State &	Type Prepayment
&		Loan	Principal	Prepayment	Prepayment	Note	LTV at	&	Origination
Loan Group		Status	Balance	Amount	Date	Rate	Origination	Original Term	Date

15581937 1			156,750.00	155,553.67	Nov-30-04	8.000%	NJ - 95.00%	Paid Off - 360	Nov-05-03
15995939 1			248,720.00	244,222.73	Nov-30-04	5.000%	MN - 80.00%	Paid Off - 360	Aug-28-03
17011479 1			194,400.00	194,400.00	Nov-30-04	8.015%	CO - 74.98%	Paid Off - 360	Nov-19-03
17049750 1			44,000.00	43,697.22	Nov-30-04	9.375%	UT - 100.00%	Paid Off - 180	Sep-16-03
17049768 1			176,000.00	174,010.38	Nov-30-04	6.875%	UT - 80.00%	Paid Off - 360	Sep-16-03
17051541 1			284,800.00	280,855.78	Nov-30-04	5.990%	CA - 80.00%	Paid Off - 360	Sep-10-03
17051640 1			138,400.00	137,089.66	Nov-30-04	7.990%	CA - 80.00%	Paid Off - 360	Sep-12-03
17051657 1			34,600.00	34,369.34	Nov-30-04	10.250%	CA - 100.00%	Paid Off - 180	Sep-12-03
17051681 1			180,720.00	178,076.56	Nov-30-04	5.500%	CA - 80.00%	Paid Off - 360	Sep-25-03
17051699 1			45,180.00	44,906.25	Nov-30-04	9.990%	CA - 100.00%	Paid Off - 180	Sep-25-03
17055112 1			43,000.00	42,017.11	Nov-30-04	10.990%	MO - 87.93%	Paid Off - 240	Apr-11-03
17070897 1			97,900.00	96,571.89	Nov-30-04	6.450%	CA - 79.93%	Paid Off - 360	Aug-20-03
17070905 1			12,200.00	12,086.59	Nov-30-04	8.500%	CA - 89.90%	Paid Off - 180	Aug-20-03
17071010 1			279,950.00	276,295.50	Nov-30-04	6.115%	CA - 80.00%	Paid Off - 360	Sep-02-03
17071291 1			202,500.00	200,243.49	Nov-30-04	6.950%	CA - 90.00%	Paid Off - 360	Sep-08-03
17071457 1			280,000.00	276,593.84	Nov-30-04	6.490%	CA - 80.00%	Paid Off - 360	Sep-22-03
17072257 1			265,000.00	262,075.20	Nov-30-04	7.000%	CA - 64.95%	Paid Off - 360	Sep-22-03
17072315 1			144,800.00	143,293.23	Nov-30-04	7.375%	CA - 80.00%	Paid Off - 360	Sep-24-03
17072323 1			36,200.00	36,009.74	Nov-30-04	10.875%	CA - 100.00%	Paid Off - 180	Sep-24-03
17080995 1			311,250.00	311,250.00	Nov-30-04	8.125%	CA - 75.00%	Paid Off - 360	Sep-19-03
17114752 1			77,600.00	76,675.22	Nov-30-04	6.750%	CA - 80.00%	Paid Off - 360	Sep-26-03
17114810 1			25,005.00	24,879.19	Nov-30-04	10.875%	WI - 92.00%	Paid Off - 180	Sep-24-03
17114828 1			89,995.00	89,093.39	Nov-30-04	7.500%	WI - 72.00%	Paid Off - 360	Sep-24-03
17194192 1			184,000.00	183,898.04	Nov-30-04	6.125%	CO - 80.00%	Paid Off - 360	Dec-02-03
17198573 1			147,250.00	146,069.13	Nov-30-04	7.750%	CA - 95.00%	Paid Off - 360	Nov-10-03
109740688 1			172,250.00	169,347.94	Nov-30-04	5.900%	CA - 65.00%	Paid Off - 360	Jul-11-03
109740902 1			96,000.00	92,939.84	Nov-30-04	7.900%	CA - 75.89%	Paid Off - 360	Jul-10-03
109786046 1			68,100.00	67,218.92	Nov-01-04	8.585%	TN - 74.84%	Paid Off - 360	Mar-17-03
109791939 1			319,500.00	314,087.08	Nov-17-04	8.210%	IL - 89.50%	Paid Off - 360	May-29-03
110046976 1			206,761.00	204,260.57	Nov-15-04	7.300%	FL - 90.00%	Paid Off - 360	Jul-31-03
110101896 1			243,500.00	239,371.22	Nov-10-04	5.500%	NJ - 84.26%	Paid Off - 360	Jul-25-03
110108701 1			318,000.00	314,098.70	Nov-30-04	6.950%	CA - 100.00%	Paid Off - 360	Aug-22-03
110115185 1			68,800.00	19,022.93	Nov-17-04	8.875%	NY - 90.00%	Paid Off - 360	Jul-30-03
110115706 1			27,150.00	26,953.88	Nov-01-04	9.875%	WA - 96.43%	Paid Off - 180	Jul-25-03
110115730 1			38,200.00	37,889.02	Nov-08-04	9.500%	MA - 94.98%	Paid Off - 360	Jul-25-03
110116092 1			23,250.00	22,992.35	Nov-04-04	7.750%	VA - 95.00%	Paid Off - 360	Jul-31-03
110117330 1			25,000.00	22,845.05	Nov-05-04	7.375%	CA - 84.59%	Paid Off - 180	Aug-14-03
110117579 1			30,000.00	29,647.21	Nov-18-04	7.445%	CA - 100.00%	Paid Off - 360	Jul-25-03
110117694 1			24,100.00	23,743.61	Nov-24-04	9.125%	AZ - 100.00%	Paid Off - 180	Aug-14-03
110117918 1			36,000.00	34,930.65	Nov-08-04	12.875%	MA - 95.00%	Paid Off - 180	Aug-18-03
110118288 1			33,000.00	32,773.75	Nov-01-04	10.125%	CA - 90.00%	Paid Off - 180	Aug-04-03
110119740 1			28,680.00	28,515.46	Nov-11-04	10.625%	CA - 95.00%	Paid Off - 360	Aug-15-03
110119807 1			74,950.00	74,685.22	Nov-09-04	12.875%	MA - 94.68%	Paid Off - 180	Aug-15-03
110148566 1			87,500.00	85,250.06	Nov-30-04	7.400%	FL - 70.00%	Paid Off - 360	Aug-29-03

					Page 19 of 35				© COPYRIGHT 2004 Deutsche Bank
	Structured Asset Investment Loan Trust (SAIL) 2004-1
	Mortgage Pass-Through Certificates

	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

110352150 1			217,350.00	214,418.49	Nov-29-04	6.350%	IL - 90.00%	Paid Off - 360	Aug-23-03
110352200 1			220,000.00	217,210.22	Nov-30-04	8.250%	VA - 100.00%	Paid Off - 360	Sep-25-03
110352416 1			176,000.00	174,201.76	Nov-15-04	7.399%	CA - 83.41%	Paid Off - 360	Sep-29-03
110352564 1			200,700.00	198,629.61	Nov-23-04	7.375%	CA - 90.00%	Paid Off - 360	Sep-18-03
110352747 1			226,844.00	223,833.58	Nov-23-04	7.500%	CA - 87.62%	Paid Off - 360	May-29-03
110353810 1			87,600.00	87,024.41	Nov-15-04	9.600%	NV - 80.00%	Paid Off - 360	Sep-19-03
110353984 1			50,250.00	49,969.96	Nov-03-04	10.400%	TX - 75.00%	Paid Off - 360	Sep-25-03
110354123 1			134,300.00	132,538.94	Nov-23-04	6.500%	CA - 85.00%	Paid Off - 360	Sep-04-03
110354180 1			70,000.00	69,345.95	Nov-30-04	8.250%	IA - 100.00%	Paid Off - 360	Aug-29-03
110354339 1			52,500.00	52,500.00	Nov-03-04	10.350%	KS - 70.00%	Paid Off - 360	Sep-24-03
110354933 1			62,400.00	62,400.00	Nov-29-04	8.750%	AZ - 80.00%	Paid Off - 360	Sep-17-03
110355245 1			157,250.00	155,633.16	Nov-17-04	7.950%	MI - 85.00%	Paid Off - 360	Sep-25-03
110355955 1			200,000.00	197,571.58	Nov-01-04	6.500%	CA - 81.63%	Paid Off - 360	Sep-12-03
110356078 1			279,650.00	279,650.00	Nov-12-04	5.990%	CA - 85.00%	Paid Off - 360	Sep-05-03
110356904 1			140,250.00	139,715.42	Nov-23-04	7.250%	CO - 80.14%	Paid Off - 360	Sep-24-03
110357035 1			224,900.00	223,336.27	Nov-16-04	9.325%	DC - 74.97%	Paid Off - 360	Sep-25-03
110357241 1			194,400.00	192,077.98	Nov-15-04	6.990%	CA - 80.00%	Paid Off - 360	Aug-26-03
110367232 1			70,000.00	69,024.13	Nov-01-04	6.940%	FL - 30.70%	Paid Off - 360	Sep-29-03
110367679 1			60,000.00	57,405.11	Nov-09-04	7.040%	MI - 60.00%	Paid Off - 180	Sep-22-03
110367802 1			130,500.00	129,073.42	Nov-17-04	7.050%	NJ - 90.00%	Paid Off - 360	Sep-25-03
110367828 1		FCL	229,500.00	226,770.65	Nov-22-04	6.730%	NJ - 85.00%	Paid Off - 360	Sep-25-03
110369485 1			140,400.00	138,998.31	Nov-19-04	7.520%	MN - 90.00%	Paid Off - 360	Sep-19-03
110369972 1			150,200.00	148,319.62	Nov-11-04	8.500%	TX - 80.00%	Paid Off - 360	Aug-14-03
110370475 1			50,000.00	49,490.17	Nov-24-04	8.000%	TX - 58.14%	Paid Off - 360	Aug-18-03
110370491 1			128,100.00	126,604.79	Nov-16-04	7.110%	CA - 67.42%	Paid Off - 360	Aug-14-03
110370673 1			86,000.00	85,231.86	Nov-03-04	8.470%	CA - 65.65%	Paid Off - 360	Aug-20-03
110370756 1			90,000.00	88,824.82	Nov-29-04	6.900%	IA - 71.43%	Paid Off - 360	Jul-21-03
110370814 1			187,500.00	185,622.38	Nov-19-04	7.900%	CA - 74.11%	Paid Off - 360	Aug-13-03
110371150 1			102,000.00	100,777.11	Nov-23-04	6.970%	MD - 61.82%	Paid Off - 360	Aug-05-03
110371390 1			96,000.00	94,818.16	Nov-24-04	7.060%	WI - 80.00%	Paid Off - 360	Aug-21-03
110372042 1			148,500.00	147,028.46	Nov-19-04	7.950%	GA - 88.92%	Paid Off - 360	Aug-20-03
110372216 1			85,000.00	83,986.67	Nov-02-04	7.000%	GA - 85.00%	Paid Off - 360	Aug-15-03
110372307 1			99,500.00	98,463.58	Nov-12-04	8.340%	TN - 77.73%	Paid Off - 360	Aug-25-03
110372976 1			200,000.00	198,223.36	Nov-04-04	8.500%	NJ - 64.52%	Paid Off - 360	Aug-21-03
110373347 1			236,000.00	232,831.35	Nov-02-04	6.000%	CA - 80.00%	Paid Off - 360	Sep-23-03
110373404 1			35,626.00	35,384.00	Nov-05-04	10.500%	NV - 95.00%	Paid Off - 360	Sep-05-03
110373412 1			190,008.00	188,008.69	Nov-05-04	7.250%	NV - 80.00%	Paid Off - 360	Sep-05-03
110373693 1			121,950.00	120,894.49	Nov-23-04	8.990%	TX - 90.00%	Paid Off - 360	Jul-25-03
110374345 1			161,500.00	159,801.42	Nov-04-04	7.250%	CA - 95.00%	Paid Off - 360	Sep-12-03
110374444 1			263,250.00	261,290.13	Nov-24-04	8.990%	FL - 75.00%	Paid Off - 360	Sep-30-03
110374667 1			247,200.00	243,973.45	Nov-24-04	6.500%	CA - 80.00%	Paid Off - 360	Sep-18-03
110375607 1			169,200.00	167,277.98	Nov-03-04	6.850%	CA - 90.00%	Paid Off - 360	Sep-15-03
110375680 1			35,900.00	35,693.83	Nov-01-04	10.250%	CA - 100.00%	Paid Off - 360	Sep-25-03
110375763 1			310,500.00	306,020.71	Nov-08-04	5.990%	CA - 90.00%	Paid Off - 360	Aug-07-03
110376415 1			52,800.00	52,357.13	Nov-02-04	8.400%	MI - 80.00%	Paid Off - 360	Sep-18-03
110376688 1			32,300.00	32,127.66	Nov-09-04	10.600%	OH - 85.00%	Paid Off - 360	Sep-09-03
110376902 1			32,000.00	31,717.93	Nov-24-04	8.150%	PA - 80.00%	Paid Off - 360	Sep-30-03
110376951 1			159,800.00	157,891.22	Nov-03-04	6.990%	CA - 85.00%	Paid Off - 360	Sep-05-03
110376985 1			93,415.00	92,719.50	Nov-23-04	8.990%	MO - 85.00%	Paid Off - 360	Sep-18-03
110377249 1			221,600.00	217,595.45	Nov-29-04	6.125%	CA - 80.00%	Paid Off - 360	Aug-28-03
110377496 1			112,400.00	111,309.44	Nov-17-04	7.990%	AZ - 89.99%	Paid Off - 360	Sep-18-03
110377637 1			56,032.00	55,734.26	Nov-02-04	10.990%	NV - 100.00%	Paid Off - 360	Sep-02-03

					Page 20 of 35				© COPYRIGHT 2004 Deutsche Bank
	Structured Asset Investment Loan Trust (SAIL) 2004-1
	Mortgage Pass-Through Certificates

	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

110377884 1			229,500.00	226,941.45	Nov-03-04	7.350%	CA - 88.27%	Paid Off - 360	Sep-03-03
110378015 1			61,450.00	60,833.13	Nov-22-04	7.490%	IL - 67.53%	Paid Off - 360	Sep-05-03
110378031 1			108,000.00	106,709.91	Nov-09-04	6.990%	CA - 78.26%	Paid Off - 360	Sep-04-03
110378387 1			96,300.00	94,698.68	Nov-23-04	7.990%	OH - 90.00%	Paid Off - 360	Sep-02-03
110378874 1			290,700.00	287,672.47	Nov-02-04	7.750%	HI - 90.00%	Paid Off - 360	Aug-22-03
110379096 1			78,000.00	77,284.69	Nov-23-04	7.950%	TX - 75.00%	Paid Off - 360	Sep-16-03
110379161 1			187,500.00	185,867.38	Nov-09-04	8.600%	FL - 75.00%	Paid Off - 360	Aug-06-03
110379609 1			93,750.00	92,830.05	Nov-29-04	8.000%	FL - 72.12%	Paid Off - 360	Sep-09-03
110379757 1			112,000.00	110,855.83	Nov-22-04	7.400%	MA - 80.00%	Paid Off - 360	Sep-03-03
110381373 1			313,500.00	309,693.45	Nov-05-04	6.500%	CA - 95.00%	Paid Off - 360	Sep-29-03
110382165 1			47,600.00	47,311.43	Nov-10-04	9.990%	NV - 100.00%	Paid Off - 360	Sep-22-03
110382199 1			143,600.00	141,772.28	Nov-02-04	6.250%	CA - 80.00%	Paid Off - 360	Sep-25-03
110382249 1			70,500.00	70,115.14	Nov-30-04	10.490%	UT - 95.00%	Paid Off - 360	Sep-30-03
110382538 1			74,000.00	73,691.24	Nov-30-04	11.750%	HI - 100.00%	Paid Off - 360	Sep-29-03
110382983 1			84,000.00	83,110.57	Nov-23-04	7.250%	NM - 78.50%	Paid Off - 360	Sep-30-03
110383247 1			210,000.00	207,193.96	Nov-30-04	5.990%	CA - 60.00%	Paid Off - 360	Sep-26-03
110383932 1			294,000.00	291,278.47	Nov-08-04	7.990%	CA - 80.00%	Paid Off - 360	Sep-25-03
110383999 1			98,000.00	97,230.92	Nov-05-04	8.730%	NV - 79.67%	Paid Off - 360	Sep-24-03
110384096 1			58,000.00	57,715.24	Nov-30-04	10.990%	CA - 100.00%	Paid Off - 360	Sep-30-03
110384443 1			152,910.00	151,431.88	Nov-30-04	7.750%	FL - 90.00%	Paid Off - 360	Sep-26-03
110387180 1			162,014.00	157,204.08	Nov-10-04	6.600%	CA - 80.00%	Paid Off - 360	Sep-19-03
110387982 1			153,000.00	151,261.82	Nov-03-04	6.850%	CA - 90.00%	Paid Off - 360	Sep-25-03
110388196 1			163,200.00	161,688.45	Nov-15-04	7.900%	CA - 85.00%	Paid Off - 360	Sep-10-03
110388998 1			214,000.00	211,401.60	Nov-02-04	6.500%	CA - 76.43%	Paid Off - 360	Sep-11-03
110389418 1			67,575.00	66,856.76	Nov-30-04	7.200%	CA - 85.00%	Paid Off - 360	Sep-26-03
110389426 1			79,900.00	79,300.21	Nov-24-04	8.950%	CA - 85.00%	Paid Off - 360	Sep-26-03
110389590 1			275,000.00	272,735.16	Nov-02-04	8.490%	CA - 100.00%	Paid Off - 360	Sep-30-03
110389780 1			179,000.00	176,608.17	Nov-02-04	5.990%	DC - 89.50%	Paid Off - 360	Sep-10-03
110389848 1			114,400.00	113,196.85	Nov-18-04	7.250%	DC - 65.00%	Paid Off - 360	Sep-25-03
110390341 1			84,500.00	80,824.02	Nov-02-04	7.650%	CA - 70.42%	Paid Off - 180	Aug-22-03
110390523 1			108,200.00	107,187.94	Nov-03-04	7.850%	CA - 33.81%	Paid Off - 360	Sep-13-03
110390598 1			123,750.00	122,534.23	Nov-01-04	7.600%	CA - 75.00%	Paid Off - 360	Aug-27-03
110390994 1			180,000.00	177,698.29	Nov-01-04	6.750%	CA - 74.23%	Paid Off - 360	Sep-30-03
110391273 1			174,000.00	171,926.95	Nov-30-04	6.600%	VA - 79.09%	Paid Off - 360	Sep-10-03
110391349 1			272,000.00	268,992.09	Nov-22-04	6.990%	CA - 80.00%	Paid Off - 360	Sep-22-03
110391851 1			280,500.00	277,605.99	Nov-01-04	7.500%	CA - 85.00%	Paid Off - 360	Sep-22-03
110391901 1			246,500.00	243,907.45	Nov-30-04	7.250%	CA - 85.00%	Paid Off - 360	Sep-03-03
110392024 1			251,750.00	249,133.59	Nov-26-04	7.500%	CA - 95.00%	Paid Off - 360	Sep-30-03
110392925 1			203,000.00	201,004.23	Nov-02-04	7.990%	CA - 72.50%	Paid Off - 360	Sep-08-03
110392958 1			175,600.00	173,364.98	Nov-30-04	6.250%	CA - 59.53%	Paid Off - 360	Sep-26-03
110393717 1			169,000.00	167,462.29	Nov-19-04	7.990%	CA - 61.45%	Paid Off - 360	Sep-03-03
110393766 1			130,500.00	129,056.79	Nov-30-04	6.990%	CA - 90.00%	Paid Off - 360	Sep-17-03
110393865 1			125,650.00	124,381.83	Nov-09-04	7.500%	CA - 74.79%	Paid Off - 360	Sep-22-03
110393873 1			199,000.00	197,184.38	Nov-09-04	8.250%	CA - 73.70%	Paid Off - 360	Sep-18-03
110393907 1			228,600.00	225,579.44	Nov-08-04	6.050%	CA - 90.00%	Paid Off - 360	Sep-08-03
110394103 1			265,500.00	262,541.27	Nov-09-04	6.950%	CA - 90.00%	Paid Off - 360	Sep-18-03
110394681 1			132,000.00	130,576.13	Nov-23-04	7.300%	CA - 80.00%	Paid Off - 360	Sep-23-03
110394715 1			276,300.00	272,945.14	Nov-24-04	6.500%	CA - 90.00%	Paid Off - 360	Sep-25-03
110394772 1			208,000.00	205,302.43	Nov-30-04	6.150%	CA - 74.82%	Paid Off - 360	Sep-25-03
110394897 1			320,000.00	316,794.15	Nov-04-04	7.500%	CA - 100.00%	Paid Off - 360	Sep-30-03
110395282 1			47,700.00	47,373.10	Nov-30-04	9.750%	TX - 90.00%	Paid Off - 360	Sep-24-03
110395506 1		FCL	80,000.00	79,198.13	Nov-04-04	7.500%	VA - 66.67%	Paid Off - 360	Sep-30-03

					Page 21 of 35				© COPYRIGHT 2004 Deutsche Bank
	Structured Asset Investment Loan Trust (SAIL) 2004-1
	Mortgage Pass-Through Certificates

	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

110395753 1			179,100.00	177,026.29	Nov-16-04	6.750%	CO - 90.00%	Paid Off - 360	Sep-26-03
110396454 1			141,000.00	139,398.28	Nov-12-04	6.850%	MI - 88.68%	Paid Off - 360	Sep-18-03
110396728 1			148,750.00	147,076.40	Nov-30-04	6.900%	MI - 85.00%	Paid Off - 360	Sep-09-03
110397221 1			133,200.00	131,715.60	Nov-04-04	6.950%	MI - 90.00%	Paid Off - 360	Sep-17-03
110397957 1			212,400.00	210,100.13	Nov-19-04	7.100%	CA - 80.00%	Paid Off - 360	Sep-08-03
110397965 1			53,100.00	52,202.14	Nov-19-04	10.500%	CA - 100.00%	Paid Off - 240	Sep-08-03
110398302 1			147,000.00	145,661.70	Nov-10-04	7.990%	CA - 77.37%	Paid Off - 360	Sep-23-03
110398344 1			180,500.00	178,245.35	Nov-29-04	6.350%	CA - 95.00%	Paid Off - 360	Sep-11-03
110398716 1			198,750.00	196,758.96	Nov-29-04	7.500%	FL - 75.00%	Paid Off - 360	Sep-08-03
110398922 1			157,500.00	155,340.03	Nov-16-04	5.850%	FL - 61.76%	Paid Off - 360	Sep-15-03
110399078 1			147,000.00	145,413.50	Nov-17-04	7.120%	CA - 79.46%	Paid Off - 360	Sep-19-03
110399151 1			290,400.00	287,226.24	Nov-18-04	7.450%	CA - 80.00%	Paid Off - 360	Sep-03-03
110399219 1			154,850.00	152,819.64	Nov-05-04	6.500%	CA - 95.00%	Paid Off - 360	Sep-08-03
110399516 1			210,000.00	207,491.69	Nov-10-04	6.990%	CA - 76.36%	Paid Off - 360	Sep-04-03
110399730 1			237,500.00	235,321.98	Nov-08-04	7.950%	CA - 95.00%	Paid Off - 360	Sep-23-03
110400199 1			187,500.00	186,240.09	Nov-30-04	9.500%	CT - 75.00%	Paid Off - 360	Sep-12-03
110400207 1			131,665.00	130,527.29	Nov-29-04	8.250%	CT - 85.00%	Paid Off - 360	Sep-17-03
110400488 1			24,000.00	23,567.88	Nov-23-04	10.000%	HI - 100.00%	Paid Off - 240	Sep-18-03
110400546 1			189,600.00	187,773.39	Nov-30-04	7.700%	HI - 80.00%	Paid Off - 360	Sep-23-03
110400777 1			297,000.00	293,244.91	Nov-17-04	6.300%	HI - 90.00%	Paid Off - 360	Sep-22-03
110401114 1			74,000.00	72,708.76	Nov-01-04	10.250%	HI - 100.00%	Paid Off - 240	Sep-29-03
110401452 1			387,000.00	380,418.66	Nov-04-04	6.850%	HI - 90.00%	Paid Off - 360	Sep-29-03
110401916 1			157,700.00	151,270.83	Nov-10-04	7.500%	NV - 95.00%	Paid Off - 180	Sep-09-03
110402443 1			90,000.00	89,096.71	Nov-04-04	7.500%	CA - 64.29%	Paid Off - 360	Sep-18-03
110402591 1		FCL	274,500.00	271,381.40	Nov-08-04	7.250%	CA - 88.55%	Paid Off - 360	Sep-04-03
110402856 1			300,000.00	297,270.40	Nov-23-04	7.990%	CA - 100.00%	Paid Off - 360	Sep-24-03
110402955 1			210,000.00	207,791.25	Nov-18-04	7.250%	CA - 36.52%	Paid Off - 360	Sep-19-03
110403011 1			206,000.00	203,936.15	Nov-04-04	7.500%	CA - 100.00%	Paid Off - 360	Sep-25-03
110403078 1			220,500.00	217,946.92	Nov-18-04	6.750%	CA - 75.00%	Paid Off - 360	Sep-26-03
110403334 1			135,000.00	133,833.55	Nov-01-04	8.250%	NY - 34.62%	Paid Off - 360	Sep-15-03
110403797 1			82,500.00	81,995.74	Nov-03-04	9.950%	WI - 63.46%	Paid Off - 360	Sep-02-03
110404001 1			28,500.00	28,344.67	Nov-02-04	10.500%	WI - 75.00%	Paid Off - 360	Sep-26-03
110404217 1			98,700.00	97,729.62	Nov-17-04	7.990%	MN - 70.00%	Paid Off - 360	Sep-02-03
110404431 1			202,500.00	199,711.49	Nov-01-04	6.240%	MN - 90.00%	Paid Off - 360	Sep-04-03
110404712 1			91,000.00	90,357.44	Nov-30-04	9.250%	MN - 56.17%	Paid Off - 360	Sep-19-03
110404902 1			208,000.00	206,255.74	Nov-22-04	8.400%	MN - 84.90%	Paid Off - 360	Sep-30-03
110405271 1			266,250.00	263,608.51	Nov-18-04	7.550%	CA - 75.00%	Paid Off - 360	Sep-30-03
110405404 1			248,000.00	244,287.82	Nov-08-04	7.150%	CA - 78.98%	Paid Off - 360	Sep-08-03
110405768 1			108,000.00	106,938.69	Nov-29-04	7.600%	AZ - 84.38%	Paid Off - 360	Sep-17-03
110405834 1			95,000.00	93,981.36	Nov-26-04	7.550%	CA - 54.29%	Paid Off - 360	Sep-10-03
110406428 1			290,000.00	287,094.64	Nov-10-04	7.500%	CA - 100.00%	Paid Off - 360	Sep-26-03
110406444 1			225,000.00	223,150.65	Nov-17-04	8.500%	CA - 67.16%	Paid Off - 360	Sep-24-03
110406634 1			247,500.00	245,465.67	Nov-18-04	8.500%	CA - 90.00%	Paid Off - 360	Sep-29-03
110407079 1			82,450.00	81,870.19	Nov-17-04	9.650%	PA - 85.00%	Paid Off - 360	Sep-03-03
110408630 1			98,600.00	97,726.20	Nov-05-04	8.750%	CA - 76.43%	Paid Off - 360	Sep-02-03
110408804 1			110,000.00	108,843.03	Nov-19-04	7.250%	CA - 74.83%	Paid Off - 360	Sep-11-03
110409026 1			293,250.00	290,007.05	Nov-22-04	6.990%	WA - 85.00%	Paid Off - 360	Sep-16-03
110409083 1			242,100.00	239,602.60	Nov-03-04	7.350%	CA - 90.00%	Paid Off - 360	Sep-16-03
110410230 1			254,400.00	251,069.05	Nov-29-04	6.100%	CA - 80.00%	Paid Off - 360	Sep-09-03
110410586 1			218,000.00	214,590.35	Nov-02-04	8.000%	WA - 83.85%	Paid Off - 360	Sep-09-03
110411006 1			265,500.00	261,789.32	Nov-24-04	5.990%	CA - 90.00%	Paid Off - 360	Sep-11-03
110411048 1			297,500.00	295,054.80	Nov-24-04	8.500%	CA - 70.00%	Paid Off - 360	Sep-10-03

					Page 22 of 35				© COPYRIGHT 2004 Deutsche Bank
	Structured Asset Investment Loan Trust (SAIL) 2004-1
	Mortgage Pass-Through Certificates

	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

110411360 1			188,000.00	185,411.16	Nov-18-04	5.950%	CA - 44.24%	Paid Off - 360	Sep-17-03
110412145 1			140,000.00	138,680.74	Nov-24-04	8.500%	CA - 70.00%	Paid Off - 360	Sep-12-03
110412616 1			204,250.00	202,139.95	Nov-04-04	7.350%	CA - 95.00%	Paid Off - 360	Sep-23-03
110412996 1			178,500.00	176,772.69	Nov-26-04	7.690%	CA - 85.00%	Paid Off - 360	Sep-10-03
110413374 1			111,600.00	110,332.30	Nov-04-04	6.850%	CA - 63.77%	Paid Off - 360	Sep-30-03
110413713 1			304,000.00	300,804.67	Nov-19-04	7.650%	CA - 80.00%	Paid Off - 360	Sep-09-03
110413788 1			195,000.00	193,084.23	Nov-30-04	7.600%	CA - 75.00%	Paid Off - 360	Sep-18-03
110413887 1			315,500.00	311,962.15	Nov-08-04	6.950%	CA - 84.13%	Paid Off - 360	Sep-10-03
110414190 1			173,000.00	170,863.00	Nov-12-04	6.550%	CA - 61.79%	Paid Off - 360	Sep-16-03
110414943 1			59,500.00	58,958.59	Nov-30-04	7.990%	MS - 85.00%	Paid Off - 360	Sep-30-03
110415734 1		FCL	182,750.00	180,829.14	Nov-24-04	7.650%	CA - 85.00%	Paid Off - 360	Sep-04-03
110415973 1			122,000.00	120,037.85	Nov-02-04	5.990%	CA - 66.30%	Paid Off - 360	Sep-05-03
110416377 1			212,000.00	209,233.55	Nov-05-04	6.250%	CA - 49.88%	Paid Off - 360	Sep-18-03
110416831 1			112,000.00	111,124.60	Nov-04-04	8.750%	MD - 80.00%	Paid Off - 360	Sep-10-03
110417359 1			224,200.00	222,282.00	Nov-30-04	8.300%	IL - 95.00%	Paid Off - 360	Sep-18-03
110417821 1			165,600.00	164,154.72	Nov-03-04	8.200%	IL - 80.00%	Paid Off - 360	Sep-29-03
110418118 1			151,500.00	149,840.37	Nov-01-04	7.250%	CA - 84.17%	Paid Off - 360	Sep-25-03
110418647 1			150,000.00	148,263.49	Nov-01-04	6.950%	CA - 54.55%	Paid Off - 360	Sep-26-03
110419124 1			84,800.00	84,231.29	Nov-29-04	9.500%	TX - 80.00%	Paid Off - 360	Sep-22-03
110419439 1			245,000.00	242,712.24	Nov-01-04	8.250%	NY - 72.06%	Paid Off - 360	Sep-04-03
110419504 1			200,000.00	197,472.36	Nov-04-04	6.750%	NY - 55.56%	Paid Off - 360	Sep-04-03
110419645 1			135,000.00	133,628.29	Nov-03-04	7.500%	NY - 90.00%	Paid Off - 360	Sep-19-03
110419801 1			192,500.00	191,025.52	Nov-08-04	8.850%	NY - 70.00%	Paid Off - 360	Sep-09-03
110420015 1			150,000.00	148,631.95	Nov-29-04	7.990%	NY - 78.95%	Paid Off - 360	Sep-16-03
110420056 1			155,000.00	153,273.91	Nov-22-04	8.250%	NY - 62.00%	Paid Off - 360	Sep-15-03
110420825 1			120,700.00	119,707.93	Nov-29-04	8.500%	NJ - 85.00%	Paid Off - 360	Sep-29-03
110420932 1			160,000.00	158,507.53	Nov-04-04	7.900%	NJ - 80.00%	Paid Off - 360	Sep-15-03
110422219 1			120,000.00	118,606.39	Nov-02-04	6.750%	IL - 63.49%	Paid Off - 360	Sep-30-03
110422409 1			121,600.00	120,628.02	Nov-03-04	8.650%	IL - 95.00%	Paid Off - 360	Sep-25-03
110422664 1			104,000.00	102,884.69	Nov-19-04	7.150%	NJ - 80.00%	Paid Off - 360	Sep-30-03
110422805 1			184,800.00	182,330.61	Nov-02-04	5.990%	CA - 80.00%	Paid Off - 360	Sep-30-03
110422888 1			286,200.00	283,488.21	Nov-03-04	7.790%	IL - 90.00%	Paid Off - 360	Sep-29-03
110423191 1			187,500.00	185,546.99	Nov-03-04	7.300%	CA - 75.00%	Paid Off - 360	Sep-25-03
110423761 1			168,850.00	167,024.96	Nov-26-04	7.250%	FL - 78.53%	Paid Off - 360	Sep-19-03
110425303 1			233,000.00	229,926.08	Nov-24-04	6.750%	MA - 77.67%	Paid Off - 360	Aug-26-03
110425527 1			51,500.00	51,019.14	Nov-23-04	8.250%	PA - 100.00%	Paid Off - 360	Aug-28-03
110425949 1			300,000.00	297,428.60	Nov-24-04	8.375%	FL - 80.00%	Paid Off - 360	Sep-12-03
110425972 1			123,250.00	122,185.01	Nov-03-04	8.250%	FL - 84.42%	Paid Off - 360	Sep-16-03
110426095 1			76,500.00	75,655.84	Nov-16-04	7.570%	NJ - 85.00%	Paid Off - 360	Aug-20-03
110426194 1			67,500.00	67,112.95	Nov-02-04	11.180%	SC - 90.00%	Paid Off - 360	Aug-29-03
110438702 1			276,250.00	276,250.00	Nov-09-04	5.900%	CA - 85.00%	Paid Off - 360	Sep-24-03
110439015 1			256,000.00	256,000.00	Nov-05-04	6.500%	CA - 80.00%	Paid Off - 360	Sep-16-03
110439221 1			204,000.00	204,000.00	Nov-24-04	6.250%	CA - 80.00%	Paid Off - 360	Sep-24-03
110439247 1			300,400.00	300,400.00	Nov-09-04	5.800%	CA - 80.00%	Paid Off - 360	Sep-26-03
110439312 1			295,200.00	295,135.68	Nov-17-04	6.400%	CA - 90.00%	Paid Off - 360	Sep-18-03
110439403 1			146,500.00	144,879.90	Nov-03-04	6.990%	CA - 79.19%	Paid Off - 360	Sep-26-03
110439619 1			267,120.00	267,120.00	Nov-01-04	6.500%	CA - 80.00%	Paid Off - 360	Sep-26-03
110439908 1			228,650.00	225,504.15	Nov-17-04	7.275%	IL - 85.00%	Paid Off - 360	Sep-19-03
110440054 1			96,000.00	95,115.00	Nov-03-04	7.500%	IL - 80.00%	Paid Off - 360	Oct-03-03
110440070 1			264,800.00	262,237.05	Nov-24-04	7.250%	IL - 80.00%	Paid Off - 360	Oct-06-03
110440153 1			256,500.00	254,327.28	Nov-09-04	7.930%	IL - 90.00%	Paid Off - 360	Oct-08-03
110440849 1			208,000.00	205,897.09	Nov-22-04	7.750%	MO - 77.04%	Paid Off - 360	Sep-13-03

					Page 23 of 35				© COPYRIGHT 2004 Deutsche Bank
	Structured Asset Investment Loan Trust (SAIL) 2004-1
	Mortgage Pass-Through Certificates

	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

110441144 1			120,000.00	118,489.97	Nov-09-04	7.850%	WA - 73.62%	Paid Off - 360	Oct-02-03
110441276 1			145,000.00	143,280.84	Nov-23-04	6.625%	CA - 61.70%	Paid Off - 360	Sep-17-03
110469608 1			215,650.00	213,910.13	Nov-30-04	8.630%	MD - 95.00%	Paid Off - 360	Sep-22-03
110500568 1			218,000.00	214,810.08	Nov-01-04	6.990%	CA - 80.00%	Paid Off - 360	May-07-03
110501756 1			164,000.00	163,948.75	Nov-18-04	7.500%	CA - 80.00%	Paid Off - 360	Jul-02-03
110502481 1			256,000.00	256,000.00	Nov-30-04	6.375%	CA - 80.00%	Paid Off - 360	Sep-16-03
110502580 1			308,700.00	308,700.00	Nov-08-04	6.375%	DC - 79.99%	Paid Off - 360	Sep-05-03
110502846 1			72,800.00	72,800.00	Nov-09-04	6.250%	CA - 80.00%	Paid Off - 360	Aug-04-03
110563145 1			300,000.00	295,991.16	Nov-03-04	5.990%	CA - 81.08%	Paid Off - 360	Sep-24-03
110567161 1			226,100.00	224,161.96	Nov-17-04	7.870%	NJ - 95.00%	Paid Off - 360	Oct-24-03
110567427 1			99,500.00	97,864.84	Nov-08-04	6.540%	FL - 58.53%	Paid Off - 360	Sep-23-03
110567518 1			119,000.00	117,691.01	Nov-18-04	7.360%	FL - 85.00%	Paid Off - 360	Sep-24-03
110568102 1			108,000.00	107,018.44	Nov-08-04	7.110%	MD - 80.00%	Paid Off - 360	Oct-02-03
110568284 1			174,000.00	172,377.12	Nov-10-04	7.440%	CO - 100.00%	Paid Off - 360	Oct-15-03
110568458 1			108,000.00	106,933.65	Nov-16-04	7.170%	MN - 69.23%	Paid Off - 360	Oct-07-03
110569464 1			228,000.00	226,029.96	Nov-09-04	8.250%	CA - 100.00%	Paid Off - 360	Sep-15-03
110569860 1			139,000.00	137,465.87	Nov-22-04	7.000%	CA - 75.14%	Paid Off - 360	Sep-24-03
110569878 1			200,000.00	197,707.29	Nov-22-04	7.250%	CA - 74.07%	Paid Off - 360	Sep-25-03
110570496 1			139,500.00	138,228.65	Nov-30-04	7.990%	IL - 90.00%	Paid Off - 360	Sep-11-03
110571403 1			60,000.00	58,772.38	Nov-30-04	8.990%	NJ - 46.15%	Paid Off - 240	Sep-24-03
110572724 1			131,000.00	129,575.45	Nov-15-04	7.250%	PA - 87.92%	Paid Off - 360	Oct-29-03
110621232 1			162,400.00	160,465.04	Nov-29-04	6.600%	CA - 80.00%	Paid Off - 360	Oct-01-03
110621257 1			156,720.00	154,907.31	Nov-17-04	6.950%	CA - 80.00%	Paid Off - 360	Oct-07-03
110621265 1			39,180.00	38,531.42	Nov-15-04	11.000%	CA - 100.00%	Paid Off - 240	Oct-07-03
110621893 1			210,000.00	208,048.31	Nov-22-04	7.500%	CA - 100.00%	Paid Off - 360	Oct-08-03
110622073 1			168,500.00	166,853.24	Nov-17-04	7.200%	CA - 85.10%	Paid Off - 360	Oct-30-03
110623071 1			107,920.00	107,144.27	Nov-05-04	8.750%	CA - 80.00%	Paid Off - 360	Oct-22-03
110623410 1			270,000.00	267,122.41	Nov-17-04	6.750%	CA - 90.00%	Paid Off - 360	Oct-14-03
110623568 1			205,600.00	203,759.53	Nov-03-04	7.650%	CA - 80.00%	Paid Off - 360	Oct-23-03
110623626 1			351,500.00	347,922.52	Nov-22-04	6.990%	HI - 95.00%	Paid Off - 360	Oct-30-03
110623832 1			261,000.00	257,970.26	Nov-18-04	6.300%	CA - 90.00%	Paid Off - 360	Oct-27-03
110623881 1			316,000.00	312,467.94	Nov-29-04	6.500%	CA - 80.00%	Paid Off - 360	Oct-29-03
110623899 1			79,000.00	77,691.04	Nov-26-04	9.990%	CA - 100.00%	Paid Off - 240	Oct-29-03
110623915 1			176,000.00	174,037.07	Nov-22-04	7.250%	CA - 73.33%	Paid Off - 360	Oct-30-03
110623956 1			311,600.00	307,982.89	Nov-12-04	6.300%	CA - 95.00%	Paid Off - 360	Oct-29-03
110624004 1			308,750.00	305,459.46	Nov-03-04	6.750%	CA - 95.00%	Paid Off - 360	Oct-28-03
110624087 1			56,250.00	55,416.25	Nov-05-04	9.200%	CA - 75.00%	Paid Off - 360	Oct-08-03
110624301 1			162,000.00	160,600.13	Nov-23-04	8.250%	MD - 83.08%	Paid Off - 360	Oct-01-03
110624475 1			181,985.00	180,214.37	Nov-29-04	7.650%	MD - 85.00%	Paid Off - 360	Oct-07-03
110624491 1			148,000.00	146,821.26	Nov-24-04	8.240%	DC - 80.00%	Paid Off - 360	Oct-21-03
110624640 1		FCL	64,800.00	64,400.34	Nov-30-04	9.500%	MD - 80.00%	Paid Off - 360	Oct-20-03
110624699 1			110,000.00	109,034.47	Nov-15-04	7.750%	DC - 41.83%	Paid Off - 360	Oct-14-03
110625035 1			182,700.00	180,677.11	Nov-16-04	6.550%	MD - 87.00%	Paid Off - 360	Oct-28-03
110625639 1			174,000.00	172,657.92	Nov-01-04	8.400%	IL - 69.60%	Paid Off - 360	Oct-14-03
110625894 1			278,400.00	275,418.66	Nov-30-04	6.725%	IL - 80.00%	Paid Off - 360	Oct-30-03
110625902 1			69,600.00	68,552.16	Nov-30-04	10.750%	IL - 100.00%	Paid Off - 240	Oct-30-03
110626090 1			225,000.00	222,948.04	Nov-22-04	8.250%	CA - 90.00%	Paid Off - 360	Sep-29-03
110626249 1			128,100.00	126,924.62	Nov-05-04	7.950%	CA - 70.00%	Paid Off - 360	Sep-30-03
110626256 1			130,000.00	129,017.21	Nov-02-04	8.500%	CA - 57.27%	Paid Off - 360	Oct-06-03
110626520 1			221,000.00	218,621.66	Nov-03-04	7.600%	CA - 74.92%	Paid Off - 360	Sep-30-03
110626645 1			82,400.00	81,243.49	Nov-01-04	8.950%	CT - 80.00%	Paid Off - 360	Sep-29-03
110627114 1			160,000.00	158,294.76	Nov-09-04	6.750%	CA - 69.57%	Paid Off - 360	Oct-09-03

					Page 24 of 35				© COPYRIGHT 2004 Deutsche Bank
	Structured Asset Investment Loan Trust (SAIL) 2004-1
	Mortgage Pass-Through Certificates

	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

110627478 1			239,400.00	237,590.21	Nov-22-04	8.500%	CA - 95.00%	Paid Off - 360	Oct-16-03
110627593 1			180,000.00	178,610.92	Nov-30-04	8.840%	CA - 80.00%	Paid Off - 360	Oct-01-03
110627684 1			291,920.00	288,625.99	Nov-03-04	6.450%	CA - 80.00%	Paid Off - 360	Oct-22-03
110628286 1			117,900.00	116,865.08	Nov-03-04	7.750%	CA - 90.00%	Paid Off - 360	Oct-29-03
110628427 1			128,250.00	126,996.55	Nov-03-04	7.200%	CA - 75.00%	Paid Off - 360	Oct-31-03
110628773 1			165,400.00	163,845.17	Nov-29-04	7.400%	CA - 84.82%	Paid Off - 360	Oct-09-03
110628831 1			166,220.00	164,657.07	Nov-15-04	7.950%	CA - 80.00%	Paid Off - 360	Oct-20-03
110628930 1			96,500.00	95,294.62	Nov-09-04	6.350%	CA - 60.69%	Paid Off - 360	Oct-07-03
110629193 1			133,000.00	131,693.37	Nov-22-04	7.600%	CA - 95.00%	Paid Off - 360	Oct-07-03
110629516 1			117,000.00	115,557.27	Nov-05-04	5.990%	CA - 90.00%	Paid Off - 360	Oct-14-03
110630027 1			156,000.00	154,230.30	Nov-02-04	6.500%	CA - 63.41%	Paid Off - 360	Oct-22-03
110630209 1			144,750.00	142,922.11	Nov-15-04	5.850%	CA - 75.00%	Paid Off - 360	Oct-28-03
110630241 1			230,000.00	227,212.10	Nov-26-04	6.150%	CA - 74.92%	Paid Off - 360	Oct-24-03
110630266 1			220,000.00	218,157.77	Nov-19-04	7.990%	CA - 50.00%	Paid Off - 360	Oct-28-03
110630381 1			319,600.00	316,347.10	Nov-03-04	6.990%	CA - 85.00%	Paid Off - 360	Oct-23-03
110630472 1			133,000.00	132,004.53	Nov-17-04	8.550%	MO - 86.93%	Paid Off - 360	Oct-24-03
110630548 1			166,000.00	164,144.49	Nov-15-04	6.500%	CA - 79.05%	Paid Off - 360	Oct-10-03
110630571 1			157,500.00	156,246.23	Nov-01-04	8.250%	CA - 90.00%	Paid Off - 360	Oct-22-03
110630589 1			188,000.00	185,725.72	Nov-01-04	6.250%	CA - 72.31%	Paid Off - 360	Oct-27-03
110630670 1			216,000.00	213,498.25	Nov-15-04	6.500%	CA - 88.16%	Paid Off - 360	Oct-24-03
110630985 1			60,000.00	59,825.18	Nov-23-04	13.000%	TX - 75.00%	Paid Off - 360	Oct-28-03
110631140 1			75,000.00	74,373.50	Nov-08-04	8.000%	TX - 48.39%	Paid Off - 360	Oct-28-03
110631348 1			33,000.00	32,757.31	Nov-17-04	9.000%	IN - 64.71%	Paid Off - 360	Oct-08-03
110631389 1			30,600.00	30,405.38	Nov-23-04	9.350%	OH - 85.00%	Paid Off - 360	Oct-09-03
110631850 1			154,000.00	152,405.20	Nov-23-04	6.900%	CO - 77.00%	Paid Off - 360	Oct-14-03
110632916 1			102,000.00	100,922.20	Nov-17-04	7.450%	MI - 83.61%	Paid Off - 360	Oct-06-03
110633062 1			112,125.00	110,640.75	Nov-29-04	8.000%	MI - 65.00%	Paid Off - 360	Oct-10-03
110633229 1			54,600.00	54,317.88	Nov-30-04	10.350%	MI - 78.00%	Paid Off - 360	Oct-08-03
110633948 1			69,920.00	69,334.64	Nov-15-04	7.990%	MI - 73.60%	Paid Off - 360	Oct-30-03
110634136 1			178,500.00	176,542.37	Nov-26-04	6.600%	CA - 85.00%	Paid Off - 360	Oct-21-03
110634474 1			92,000.00	87,985.41	Nov-09-04	6.990%	CA - 89.32%	Paid Off - 180	Oct-07-03
110634698 1			211,000.00	208,666.59	Nov-09-04	6.990%	CA - 89.79%	Paid Off - 360	Oct-07-03
110634961 1			267,200.00	264,480.44	Nov-18-04	6.990%	CA - 80.00%	Paid Off - 360	Oct-31-03
110635117 1			115,600.00	114,948.69	Nov-29-04	9.950%	FL - 85.00%	Paid Off - 360	Oct-14-03
110635281 1			85,500.00	84,971.44	Nov-22-04	9.500%	FL - 75.00%	Paid Off - 360	Oct-15-03
110636198 1			130,000.00	128,679.36	Nov-22-04	7.000%	CA - 83.87%	Paid Off - 360	Oct-20-03
110636628 1			144,700.00	143,363.42	Nov-17-04	7.490%	CT - 57.42%	Paid Off - 360	Oct-08-03
110636644 1			96,000.00	95,407.90	Nov-18-04	9.500%	CT - 75.00%	Paid Off - 360	Oct-29-03
110636941 1			272,000.00	269,984.02	Nov-30-04	8.950%	HI - 79.53%	Paid Off - 360	Oct-09-03
110637535 1			192,000.00	189,953.74	Nov-30-04	6.750%	HI - 80.00%	Paid Off - 360	Oct-17-03
110637550 1			48,000.00	47,231.14	Nov-30-04	10.500%	HI - 100.00%	Paid Off - 240	Oct-17-03
110637634 1			253,000.00	250,882.24	Nov-17-04	7.990%	HI - 89.94%	Paid Off - 360	Oct-20-03
110637774 1			301,500.00	299,127.45	Nov-22-04	8.300%	HI - 90.00%	Paid Off - 360	Oct-29-03
110638392 1			90,800.00	90,104.34	Nov-02-04	9.000%	TX - 80.00%	Paid Off - 360	Oct-21-03
110638673 1			87,875.00	87,209.77	Nov-10-04	8.500%	TX - 95.00%	Paid Off - 360	Oct-23-03
110638707 1			137,600.00	136,324.91	Nov-09-04	10.050%	TX - 80.00%	Paid Off - 360	Oct-30-03
110638962 1			135,000.00	133,360.76	Nov-16-04	6.500%	NV - 90.00%	Paid Off - 360	Oct-03-03
110639119 1			159,300.00	157,966.27	Nov-12-04	7.990%	NV - 90.00%	Paid Off - 360	Oct-22-03
110639184 1			174,800.00	173,395.55	Nov-15-04	8.250%	NV - 94.54%	Paid Off - 360	Oct-09-03
110639812 1			180,000.00	178,449.42	Nov-22-04	8.750%	CA - 64.29%	Paid Off - 360	Oct-01-03
110639945 1			137,750.00	135,610.73	Nov-26-04	7.000%	CA - 95.00%	Paid Off - 360	Oct-22-03
110640216 1			165,750.00	164,222.04	Nov-19-04	7.500%	CA - 85.00%	Paid Off - 360	Oct-22-03

					Page 25 of 35				© COPYRIGHT 2004 Deutsche Bank
	Structured Asset Investment Loan Trust (SAIL) 2004-1
	Mortgage Pass-Through Certificates

	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

110640463 1			265,000.00	263,128.64	Nov-09-04	9.250%	NY - 100.00%	Paid Off - 360	Oct-02-03
110640562 1		FCL	378,000.00	374,152.76	Nov-10-04	6.990%	NY - 90.00%	Paid Off - 360	Oct-20-03
110640919 1			80,000.00	79,225.62	Nov-30-04	7.250%	NY - 23.53%	Paid Off - 360	Oct-08-03
110641099 1			280,250.00	277,685.23	Nov-04-04	7.800%	NY - 95.00%	Paid Off - 360	Oct-06-03
110641610 1			277,000.00	275,103.60	Nov-03-04	8.990%	NY - 100.00%	Paid Off - 360	Oct-20-03
110642014 1			92,430.00	91,859.94	Nov-01-04	9.500%	WI - 90.00%	Paid Off - 360	Oct-30-03
110642477 1			146,000.00	144,502.50	Nov-26-04	6.950%	MN - 63.48%	Paid Off - 360	Oct-16-03
110642519 1			140,000.00	138,560.95	Nov-23-04	7.300%	MN - 55.01%	Paid Off - 360	Oct-16-03
110642758 1			207,000.00	205,582.82	Nov-01-04	8.990%	MN - 90.00%	Paid Off - 360	Oct-16-03
110642907 1			116,000.00	114,919.49	Nov-29-04	7.500%	MN - 80.00%	Paid Off - 360	Oct-21-03
110642915 1			29,000.00	28,512.01	Nov-26-04	10.250%	MN - 100.00%	Paid Off - 240	Oct-21-03
110643921 1			120,000.00	118,541.38	Nov-11-04	7.000%	CA - 77.42%	Paid Off - 360	Oct-03-03
110644275 1			250,000.00	247,692.26	Nov-22-04	7.500%	CO - 100.00%	Paid Off - 360	Oct-09-03
110644366 1			248,700.00	246,176.62	Nov-03-04	7.250%	CA - 79.99%	Paid Off - 360	Oct-16-03
110644424 1			213,600.00	211,804.88	Nov-04-04	7.990%	CA - 80.00%	Paid Off - 360	Oct-30-03
110644507 1			151,300.00	150,033.48	Nov-15-04	7.990%	CT - 85.00%	Paid Off - 360	Oct-30-03
110644846 1			150,000.00	148,709.08	Nov-08-04	7.850%	CA - 69.77%	Paid Off - 360	Oct-29-03
110645074 1			225,000.00	223,101.63	Nov-05-04	7.950%	CA - 75.00%	Paid Off - 360	Oct-28-03
110645280 1			310,000.00	307,877.78	Nov-12-04	8.990%	CA - 100.00%	Paid Off - 360	Oct-31-03
110645488 1			225,000.00	223,116.59	Nov-04-04	7.990%	MA - 90.00%	Paid Off - 360	Oct-31-03
110645801 1			234,000.00	231,811.21	Nov-19-04	7.850%	NJ - 90.00%	Paid Off - 360	Oct-08-03
110645835 1			266,000.00	263,147.70	Nov-29-04	7.150%	NJ - 95.00%	Paid Off - 360	Oct-02-03
110646122 1			210,800.00	208,776.42	Nov-08-04	7.490%	NJ - 85.00%	Paid Off - 360	Oct-10-03
110646155 1			189,400.00	188,481.54	Nov-17-04	10.650%	NJ - 57.39%	Paid Off - 360	Oct-22-03
110646221 1			235,000.00	232,366.64	Nov-01-04	6.500%	NJ - 67.14%	Paid Off - 360	Oct-20-03
110646239 1			174,400.00	172,356.25	Nov-22-04	6.250%	NJ - 80.00%	Paid Off - 360	Oct-27-03
110646262 1		FCL	189,000.00	187,076.32	Nov-18-04	6.990%	NJ - 68.73%	Paid Off - 360	Oct-29-03
110646346 1			100,000.00	2,403.87	Nov-22-04	7.250%	PA - 74.63%	Paid Off - 360	Oct-24-03
110646809 1			190,000.00	188,374.49	Nov-23-04	8.300%	IL - 95.00%	Paid Off - 360	Oct-03-03
110646825 1			105,500.00	104,368.33	Nov-29-04	8.250%	IL - 86.48%	Paid Off - 360	Oct-10-03
110647039 1			280,250.00	277,537.57	Nov-05-04	7.250%	IL - 95.00%	Paid Off - 360	Oct-23-03
110647120 1			116,000.00	114,775.39	Nov-22-04	6.800%	IL - 77.33%	Paid Off - 360	Oct-08-03
110647146 1			290,700.00	288,866.21	Nov-03-04	9.850%	IL - 85.00%	Paid Off - 360	Oct-07-03
110647195 1			307,700.00	305,554.56	Nov-19-04	8.900%	IL - 80.34%	Paid Off - 360	Oct-28-03
110647575 1			119,200.00	118,325.67	Nov-19-04	8.650%	IL - 80.00%	Paid Off - 360	Oct-29-03
110647708 1			144,500.00	143,429.39	Nov-15-04	8.600%	PA - 85.00%	Paid Off - 360	Oct-31-03
110648573 1			108,000.00	107,097.58	Nov-16-04	8.000%	NV - 78.83%	Paid Off - 360	Oct-24-03
110648714 1			64,000.00	63,464.23	Nov-02-04	7.990%	AZ - 80.00%	Paid Off - 360	Oct-28-03
110649472 1			120,000.00	118,977.46	Nov-18-04	7.900%	RI - 60.00%	Paid Off - 360	Oct-16-03
110649480 1			123,750.00	122,962.86	Nov-09-04	9.350%	RI - 75.00%	Paid Off - 360	Oct-14-03
110649522 1			129,500.00	128,540.47	Nov-03-04	8.600%	CT - 70.00%	Paid Off - 360	Oct-28-03
110649597 1			172,250.00	170,708.11	Nov-03-04	7.650%	MA - 65.00%	Paid Off - 360	Oct-28-03
110650058 1			211,920.00	209,898.29	Nov-29-04	7.750%	CA - 80.00%	Paid Off - 360	Oct-06-03
110650066 1			52,980.00	52,082.95	Nov-29-04	10.490%	CA - 100.00%	Paid Off - 240	Oct-06-03
110650272 1			169,100.00	167,755.66	Nov-24-04	8.250%	CA - 95.00%	Paid Off - 360	Oct-09-03
110650298 1			197,600.00	195,391.32	Nov-01-04	6.500%	CA - 80.00%	Paid Off - 360	Oct-21-03
110650306 1			49,400.00	48,466.59	Nov-01-04	9.500%	CA - 100.00%	Paid Off - 240	Oct-21-03
110650363 1			180,000.00	178,081.62	Nov-29-04	6.750%	CA - 69.50%	Paid Off - 360	Oct-29-03
110651031 1			261,000.00	258,704.62	Nov-18-04	7.740%	IL - 83.12%	Paid Off - 360	Oct-24-03
110651148 1			282,150.00	279,788.21	Nov-24-04	7.990%	IL - 95.00%	Paid Off - 360	Oct-21-03
110651544 1			156,000.00	154,175.89	Nov-05-04	7.000%	CA - 80.00%	Paid Off - 360	Oct-07-03
110652021 1			238,000.00	235,276.01	Nov-23-04	6.450%	CA - 89.81%	Paid Off - 360	Oct-20-03

					Page 26 of 35				© COPYRIGHT 2004 Deutsche Bank
	Structured Asset Investment Loan Trust (SAIL) 2004-1
	Mortgage Pass-Through Certificates

	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

110652062 1			54,750.00	54,269.40	Nov-26-04	7.750%	AZ - 75.00%	Paid Off - 360	Oct-21-03
110652294 1			109,250.00	108,255.95	Nov-15-04	7.990%	WA - 95.00%	Paid Off - 360	Oct-07-03
110652658 1			110,000.00	108,624.40	Nov-18-04	6.750%	WA - 43.14%	Paid Off - 360	Oct-03-03
110652708 1			283,500.00	280,558.98	Nov-04-04	6.990%	WA - 90.00%	Paid Off - 360	Oct-08-03
110652930 1			164,000.00	162,784.92	Nov-16-04	8.600%	WA - 79.61%	Paid Off - 360	Oct-30-03
110653078 1			90,250.00	89,260.24	Nov-16-04	6.600%	CA - 95.00%	Paid Off - 360	Oct-22-03
110653615 1			138,000.00	136,617.46	Nov-05-04	7.500%	UT - 100.00%	Paid Off - 360	Sep-15-03
110653748 1			225,250.00	223,423.62	Nov-02-04	8.150%	UT - 85.00%	Paid Off - 360	Oct-22-03
110654829 1			135,000.00	133,978.35	Nov-23-04	8.500%	CA - 75.00%	Paid Off - 360	Oct-20-03
110654852 1			260,800.00	258,616.93	Nov-24-04	7.990%	CA - 77.62%	Paid Off - 360	Oct-17-03
110654860 1			160,000.00	157,812.89	Nov-03-04	5.990%	CA - 59.26%	Paid Off - 360	Oct-03-03
110654902 1			313,600.00	310,192.24	Nov-19-04	6.850%	CA - 80.00%	Paid Off - 360	Oct-24-03
110655016 1			65,200.00	64,606.63	Nov-23-04	7.990%	AZ - 80.00%	Paid Off - 360	Oct-07-03
110655206 1			280,500.00	277,964.41	Nov-04-04	7.600%	CA - 85.00%	Paid Off - 360	Oct-28-03
110655438 1			207,000.00	204,996.48	Nov-11-04	7.250%	CA - 90.00%	Paid Off - 360	Oct-17-03
110655487 1			135,000.00	133,750.01	Nov-17-04	7.500%	CA - 54.44%	Paid Off - 360	Oct-30-03
110655610 1			278,350.00	275,732.05	Nov-08-04	7.650%	CA - 95.00%	Paid Off - 360	Oct-30-03
110655685 1			150,000.00	148,472.18	Nov-05-04	6.990%	CA - 80.00%	Paid Off - 360	Oct-27-03
110656162 1			216,750.00	214,271.41	Nov-05-04	8.600%	CA - 85.00%	Paid Off - 360	Oct-22-03
110656386 1			178,000.00	176,442.09	Nov-09-04	7.990%	CA - 78.76%	Paid Off - 360	Oct-14-03
110656451 1			245,700.00	243,643.41	Nov-29-04	7.990%	CA - 90.00%	Paid Off - 360	Oct-30-03
110656493 1			252,500.00	250,386.46	Nov-24-04	7.990%	CA - 84.87%	Paid Off - 360	Oct-09-03
110656824 1			241,000.00	237,956.66	Nov-11-04	5.850%	CA - 76.51%	Paid Off - 360	Oct-30-03
110658069 1			181,260.00	179,717.93	Nov-08-04	8.650%	NY - 95.00%	Paid Off - 360	Oct-29-03
110658101 1			204,000.00	201,985.43	Nov-23-04	7.650%	NY - 60.90%	Paid Off - 360	Oct-03-03
110658655 1		FCL	187,000.00	185,587.64	Nov-30-04	8.850%	CA - 85.00%	Paid Off - 360	Oct-10-03
110658713 1			232,000.00	228,823.74	Nov-18-04	7.740%	VA - 80.00%	Paid Off - 360	Oct-21-03
110659075 1			100,000.00	99,139.40	Nov-24-04	7.850%	CA - 80.00%	Paid Off - 360	Oct-16-03
110659141 1			154,088.00	152,445.71	Nov-02-04	6.750%	CA - 80.00%	Paid Off - 360	Oct-10-03
110659158 1			38,522.00	37,822.28	Nov-02-04	9.250%	CA - 100.00%	Paid Off - 240	Oct-10-03
110659307 1			108,000.00	106,734.39	Nov-03-04	6.250%	CA - 60.00%	Paid Off - 360	Oct-21-03
110659489 1			247,500.00	244,733.61	Nov-15-04	6.500%	CA - 90.00%	Paid Off - 360	Oct-30-03
110691565 1			197,600.00	195,465.85	Nov-12-04	6.750%	CA - 80.00%	Paid Off - 360	Nov-07-03
110691789 1			119,440.00	118,224.32	Nov-03-04	6.990%	CA - 80.00%	Paid Off - 360	Nov-10-03
110691847 1			88,800.00	88,128.66	Nov-22-04	8.500%	MI - 80.00%	Paid Off - 360	Oct-24-03
110692282 1			36,000.00	35,693.60	Nov-10-04	9.375%	CA - 100.00%	Paid Off - 180	Aug-15-03
110692324 1			53,200.00	52,518.03	Nov-17-04	8.990%	CA - 100.00%	Paid Off - 180	Oct-17-03
110692357 1			55,000.00	54,720.34	Nov-02-04	10.990%	CA - 100.00%	Paid Off - 180	Sep-30-03
110692415 1			45,000.00	44,696.85	Nov-29-04	9.825%	CA - 100.00%	Paid Off - 180	Oct-03-03
110692613 1			23,400.00	23,279.19	Nov-16-04	10.750%	CA - 100.00%	Paid Off - 180	Sep-30-03
110734399 1			210,700.00	208,589.25	Nov-30-04	7.500%	MA - 74.98%	Paid Off - 360	Sep-10-03
110737293 1			40,000.00	39,835.10	Nov-24-04	11.410%	LA - 71.43%	Paid Off - 360	Oct-17-03
110739398 1			171,000.00	169,400.62	Nov-09-04	7.850%	DE - 90.00%	Paid Off - 360	Sep-22-03
110739661 1			114,300.00	113,336.24	Nov-22-04	8.700%	OH - 90.00%	Paid Off - 360	Sep-25-03
110739802 1			244,000.00	240,796.07	Nov-17-04	6.100%	MD - 78.71%	Paid Off - 360	Sep-30-03
110742269 1			54,000.00	53,530.78	Nov-01-04	9.990%	MO - 85.71%	Paid Off - 360	Sep-11-03
110742541 1			100,400.00	99,384.29	Nov-12-04	7.450%	TX - 79.37%	Paid Off - 360	Sep-12-03
110813409 1			25,000.00	24,645.23	Nov-16-04	10.490%	AZ - 100.00%	Paid Off - 180	Nov-10-03
110813490 1			30,000.00	29,845.87	Nov-12-04	10.375%	TN - 79.16%	Paid Off - 360	Oct-30-03
110813631 1			33,000.00	32,693.61	Nov-29-04	7.000%	OH - 60.00%	Paid Off - 360	Nov-10-03
110814530 1			56,250.00	55,748.36	Nov-19-04	7.240%	FL - 75.00%	Paid Off - 360	Nov-05-03
110815271 1			74,000.00	73,261.68	Nov-29-04	7.130%	MI - 74.75%	Paid Off - 360	Oct-14-03

					Page 27 of 35				© COPYRIGHT 2004 Deutsche Bank
	Structured Asset Investment Loan Trust (SAIL) 2004-1
	Mortgage Pass-Through Certificates

	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

110815644 1			83,800.00	83,395.64	Nov-03-04	10.240%	CA - 100.00%	Paid Off - 180	Nov-13-03
110816089 1			95,000.00	94,275.68	Nov-12-04	8.005%	AZ - 95.00%	Paid Off - 360	Nov-12-03
110816444 1			106,400.00	105,052.88	Nov-30-04	6.615%	CA - 80.00%	Paid Off - 360	Oct-29-03
110816980 1			126,000.00	125,303.61	Nov-30-04	9.990%	NV - 90.00%	Paid Off - 360	Nov-14-03
110817079 1			130,500.00	129,241.44	Nov-22-04	6.990%	CO - 75.00%	Paid Off - 360	Nov-17-03
110817285 1			137,189.00	135,628.23	Nov-10-04	6.600%	CA - 78.39%	Paid Off - 360	Nov-07-03
110817491 1			143,200.00	142,383.06	Nov-18-04	9.875%	NJ - 80.00%	Paid Off - 360	Nov-05-03
110817558 1			145,800.00	145,050.79	Nov-03-04	9.990%	OR - 90.00%	Paid Off - 360	Nov-14-03
110817723 1			156,303.00	154,707.13	Nov-08-04	7.130%	NV - 95.00%	Paid Off - 360	Nov-05-03
110818184 1			177,500.00	175,938.99	Nov-30-04	7.740%	CA - 68.27%	Paid Off - 360	Oct-31-03
110818432 1			190,000.00	188,434.17	Nov-30-04	7.803%	NY - 63.33%	Paid Off - 360	Nov-17-03
110818564 1			197,600.00	195,873.14	Nov-02-04	7.990%	IL - 80.00%	Paid Off - 360	Oct-21-03
110818846 1			208,250.00	206,506.87	Nov-03-04	7.990%	MD - 85.00%	Paid Off - 360	Oct-24-03
110819430 1			260,000.00	257,639.25	Nov-02-04	7.115%	MN - 55.32%	Paid Off - 360	Nov-19-03
110819554 1			285,000.00	282,082.36	Nov-16-04	6.490%	CA - 83.82%	Paid Off - 360	Nov-20-03
110819570 1			292,000.00	290,286.58	Nov-08-04	9.740%	CA - 80.00%	Paid Off - 360	Oct-31-03
110819646 1			304,000.00	300,431.09	Nov-16-04	6.240%	CA - 80.00%	Paid Off - 360	Oct-28-03
110819687 1			309,750.00	306,597.50	Nov-04-04	6.990%	CO - 75.00%	Paid Off - 360	Oct-15-03
15279540 2			331,797.00	327,562.29	Nov-30-04	7.700%	FL - 95.00%	Paid Off - 360	May-28-03
15833619 2			400,000.00	395,369.47	Nov-30-04	7.525%	CA - 71.43%	Paid Off - 360	Jul-23-03
15970841 2			493,500.00	469,380.64	Nov-30-04	6.625%	VA - 75.00%	Paid Off - 180	Oct-02-03
16082778 2			630,500.00	623,111.78	Nov-30-04	6.250%	CA - 65.00%	Paid Off - 360	Oct-23-03
16108060 2			332,500.00	329,761.10	Nov-30-04	8.875%	NY - 95.00%	Paid Off - 360	Sep-04-03
17021809 2			395,910.00	392,096.01	Nov-30-04	7.700%	AZ - 90.00%	Paid Off - 360	Sep-26-03
17061912 2			351,500.00	348,610.44	Nov-30-04	8.500%	NJ - 95.00%	Paid Off - 360	Sep-30-03
17071630 2			492,492.00	486,223.63	Nov-30-04	6.250%	CA - 79.95%	Paid Off - 360	Sep-19-03
17071655 2			123,508.00	122,886.68	Nov-30-04	10.875%	CA - 100.00%	Paid Off - 180	Sep-19-03
17090267 2			407,550.00	402,711.28	Nov-30-04	6.750%	NY - 95.00%	Paid Off - 360	Sep-12-03
17090275 2			407,550.00	402,831.24	Nov-30-04	6.750%	NY - 95.00%	Paid Off - 360	Sep-12-03
17096637 2			346,500.00	342,458.50	Nov-30-04	6.875%	NV - 90.00%	Paid Off - 360	Oct-27-03
110114063 2			442,000.00	436,303.25	Nov-30-04	6.750%	NJ - 80.36%	Paid Off - 360	Jul-31-03
110116076 2			10,000.00	5,734.59	Nov-16-04	7.750%	CA - 73.78%	Paid Off - 180	Jul-23-03
110116886 2			65,100.00	64,766.09	Nov-05-04	11.500%	CA - 100.00%	Paid Off - 180	Aug-05-03
110117868 2			39,650.00	39,392.20	Nov-16-04	10.125%	MA - 94.99%	Paid Off - 180	Aug-20-03
110118536 2			30,700.00	29,820.22	Nov-22-04	8.000%	ID - 94.97%	Paid Off - 240	Jul-30-03
110118981 2			25,120.00	24,805.60	Nov-04-04	7.120%	CA - 95.00%	Paid Off - 360	Aug-05-03
110119385 2			42,200.00	41,923.93	Nov-24-04	10.000%	CA - 89.00%	Paid Off - 180	Aug-15-03
110352853 2			354,600.00	354,600.00	Nov-22-04	6.500%	CA - 90.00%	Paid Off - 360	Sep-13-03
110354727 2			467,415.00	467,415.00	Nov-22-04	6.450%	CA - 85.00%	Paid Off - 360	Sep-16-03
110369287 2			420,000.00	414,593.88	Nov-18-04	6.190%	VA - 75.00%	Paid Off - 360	Sep-12-03
110370913 2			360,000.00	357,645.46	Nov-17-04	10.000%	CA - 100.00%	Paid Off - 360	Aug-25-03
110370939 2		FCL	144,500.00	142,984.22	Nov-05-04	7.660%	CA - 82.57%	Paid Off - 360	Aug-20-03
110372828 2			91,500.00	89,854.76	Nov-01-04	6.990%	NY - 21.79%	Paid Off - 300	Aug-23-03
110372935 2			360,000.00	355,726.65	Nov-02-04	7.500%	VA - 80.00%	Paid Off - 360	Aug-16-03
110374840 2			510,000.00	505,282.88	Nov-12-04	7.990%	FL - 85.00%	Paid Off - 360	Sep-30-03
110376266 2			68,000.00	67,599.28	Nov-30-04	10.500%	CA - 100.00%	Paid Off - 360	Aug-29-03
110376324 2		FCL	340,000.00	336,593.84	Nov-03-04	7.500%	IL - 85.00%	Paid Off - 360	Sep-02-03
110377041 2			330,300.00	326,354.85	Nov-17-04	6.990%	CA - 90.00%	Paid Off - 360	Sep-08-03
110377124 2			135,800.00	134,695.14	Nov-08-04	9.490%	CA - 100.00%	Paid Off - 360	Aug-27-03
110379328 2			67,000.00	66,560.87	Nov-30-04	9.990%	CA - 100.00%	Paid Off - 360	Sep-08-03
110381688 2			71,000.00	70,651.32	Nov-30-04	10.990%	CA - 100.00%	Paid Off - 360	Sep-30-03
110382041 2			76,000.00	75,585.11	Nov-15-04	10.490%	CA - 100.00%	Paid Off - 360	Sep-30-03

					Page 28 of 35				© COPYRIGHT 2004 Deutsche Bank
	Structured Asset Investment Loan Trust (SAIL) 2004-1
	Mortgage Pass-Through Certificates

	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

110383536 2			418,500.00	414,299.19	Nov-03-04	7.490%	CA - 90.00%	Paid Off - 360	Sep-30-03
110383940 2			324,000.00	320,065.91	Nov-03-04	6.500%	CA - 80.00%	Paid Off - 360	Sep-25-03
110387537 2			340,000.00	336,055.76	Nov-24-04	6.740%	RI - 85.00%	Paid Off - 360	Sep-09-03
110390499 2			495,000.00	489,893.95	Nov-09-04	7.350%	CA - 89.19%	Paid Off - 360	Sep-10-03
110392636 2			171,900.00	169,894.03	Nov-12-04	6.750%	CA - 90.00%	Paid Off - 360	Sep-24-03
110392735 2			387,900.00	384,110.59	Nov-12-04	7.650%	CA - 90.00%	Paid Off - 360	Sep-30-03
110394020 2			350,000.00	346,815.33	Nov-05-04	7.990%	CA - 100.00%	Paid Off - 360	Sep-12-03
110399177 2			72,600.00	70,063.54	Nov-17-04	10.240%	CA - 99.34%	Paid Off - 180	Sep-03-03
110402872 2			365,000.00	360,795.73	Nov-17-04	7.500%	CA - 94.81%	Paid Off - 360	Sep-25-03
110406071 2			390,000.00	386,321.38	Nov-23-04	7.990%	CA - 65.00%	Paid Off - 360	Sep-19-03
110408929 2			162,000.00	160,484.67	Nov-18-04	7.850%	CA - 75.00%	Paid Off - 360	Sep-22-03
110416468 2			123,750.00	122,646.20	Nov-01-04	8.090%	MD - 75.00%	Paid Off - 360	Sep-30-03
110417615 2			620,000.00	613,143.75	Nov-30-04	6.990%	IL - 77.50%	Paid Off - 360	Sep-24-03
110417979 2			357,000.00	351,570.01	Nov-05-04	6.700%	CA - 57.12%	Paid Off - 360	Sep-30-03
110424512 2			222,300.00	220,033.80	Nov-04-04	8.125%	NJ - 90.00%	Paid Off - 360	Aug-26-03
110425147 2			346,500.00	341,883.18	Nov-30-04	6.750%	FL - 90.00%	Paid Off - 360	Aug-25-03
110427283 2			649,000.00	640,696.51	Nov-09-04	6.500%	FL - 72.19%	Paid Off - 360	Sep-23-03
110501129 2			750,000.00	740,435.85	Nov-03-04	7.375%	CA - 73.17%	Paid Off - 360	Jun-06-03
110502515 2			344,000.00	344,000.00	Nov-19-04	6.875%	VA - 80.00%	Paid Off - 360	Sep-03-03
110568391 2			106,000.00	105,491.64	Nov-18-04	11.100%	VA - 93.93%	Paid Off - 180	Sep-12-03
110625738 2			362,700.00	358,490.79	Nov-10-04	6.350%	IL - 80.96%	Paid Off - 360	Oct-29-03
110627957 2			327,250.00	324,405.90	Nov-02-04	7.800%	CA - 85.00%	Paid Off - 360	Oct-22-03
110629797 2			483,500.00	479,452.91	Nov-02-04	7.990%	CA - 79.92%	Paid Off - 360	Oct-15-03
110630142 2			399,600.00	395,732.42	Nov-16-04	7.250%	CA - 90.00%	Paid Off - 360	Oct-30-03
110630431 2			332,500.00	329,474.83	Nov-29-04	7.990%	CA - 55.42%	Paid Off - 360	Oct-03-03
110632973 2			374,000.00	367,263.36	Nov-23-04	5.990%	MI - 85.00%	Paid Off - 360	Oct-06-03
110644580 2			457,900.00	451,908.46	Nov-23-04	6.500%	CA - 95.00%	Paid Off - 360	Oct-30-03
110645405 2			485,000.00	479,568.64	Nov-04-04	6.490%	CA - 100.00%	Paid Off - 360	Oct-29-03
110645991 2			135,000.00	134,056.92	Nov-02-04	9.300%	NJ - 77.14%	Paid Off - 360	Oct-03-03
110654639 2			416,000.00	411,125.25	Nov-26-04	6.250%	CA - 80.78%	Paid Off - 360	Oct-21-03
110658788 2			382,500.00	378,797.88	Nov-03-04	7.250%	FL - 90.00%	Paid Off - 360	Oct-21-03
110734076 2			77,400.00	76,385.33	Nov-02-04	6.250%	VA - 79.96%	Paid Off - 360	Sep-10-03
110734159 2			123,000.00	120,615.15	Nov-12-04	8.822%	NH - 89.78%	Paid Off - 360	Oct-10-03
110735875 2			60,000.00	59,590.70	Nov-23-04	9.035%	OK - 80.00%	Paid Off - 360	Oct-17-03
110736170 2			65,000.00	64,528.98	Nov-29-04	8.710%	VT - 68.78%	Paid Off - 360	Oct-15-03
110736857 2			218,600.00	216,431.38	Nov-24-04	7.550%	VA - 89.98%	Paid Off - 360	Sep-19-03
110737301 2			54,000.00	53,757.48	Nov-09-04	11.010%	MI - 60.00%	Paid Off - 360	Oct-13-03
110737475 2			133,200.00	132,025.94	Nov-04-04	8.150%	IL - 90.00%	Paid Off - 360	Sep-12-03
110738598 2			122,400.00	120,838.10	Nov-02-04	6.650%	IL - 80.00%	Paid Off - 360	Sep-26-03
110738614 2			119,200.00	117,779.89	Nov-09-04	6.600%	IL - 80.00%	Paid Off - 360	Sep-30-03

STRUCTURED ASSET INV LOAN TR MORT PASS-THR CERT SER 2004-1 8-K