

                                    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)


                                MORGAN STANLEY ABS CAPITAL I INC.
                 (as Depositor under the Pooling and Servicing Agreement,
                  dated as November 1, 2004, providing for the issuance of
                   Mortgage Pass-Through Certificates, Series 2004-HE9)
                      (Exact name of registrant as specified in charter)


                                         DELAWARE
                     (State or Other Jurisdiction of Incorporation)

               333-113543-19                        13-3939229
          (Commission File Number)        (I.R.S. Employer Identification No.)


           1585 BROADWAY, 2ND FLOOR
           NEW YORK, NEW YORK                             10036
          (Address of principal executive offices)     (Zip Code)


          Registrant's Telephone Number, Including Area Code:  (212) 761-4000


             (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 Morgan Stanley ABS Capital I Inc. Mortgage
     Pass-Through Certificates, Series 2004-HE7, which was made on
     August 1, 2004

     Item 9.01 Financial Statements and Exhibits.

     (c) Exhibits

     Exhibit No. Description

     99.1 Monthly Remittance Statement to the Certificateholders dated as of
     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
                                          POOLING AND SERVICING AGREEMENT ON
                                          BEHALF OF MORGAN STANLEY ABS CAPITAL
                                          I INC., REGISTRANT



          Date:  Dec 30, 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
              December 27, 2004.



Morgan Stanley ABS Capital I Inc. 2004-HE9

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2004-HE9

December 27, 2004 Distribution

				External Parties					Table of Contents

												Page
				Seller								Page
				Seller					1. Certificate Payment Report					2
				Morgan Stanley					1. Certificate Payment Report					2
				Morgan Stanley					2. Collection Account Report					6
									2. Collection Account Report					6
									3. Credit Enhancement Report					8
									4. Collateral Report					9
				Certificate Insurer(s)					5. Delinquency Report					12
				Certificate Insurer(s)					5. Delinquency Report					12
									6. REO Report					16

									7. Foreclosure Report					17
									8. Prepayment Report					18
									9. Prepayment Detail Report					21
									9. Prepayment Detail Report					21
									10. Realized Loss Report					23
									11. Realized Loss Detail Report					26
				Servicer(s)					11. Realized Loss Detail Report					26
				Servicer(s)					12. Triggers and Adj. Cert. Report					27
				Countrywide Funding Corporation					12. Triggers and Adj. Cert. Report					27
				Countrywide Funding Corporation					13. Other Related Information					28
									13. Other Related Information					28


				Underwriter(s)
				Morgan Stanley


									Total Number of Pages					28
									Total Number of Pages

				Dates					Contacts

				Cut-Off Date:		November 01, 2004			Marion Hogan
				Close Date:		November 30, 2004			Administrator
				First Distribution Date:		December 27, 2004			(714) 247-6282
									marion.c.hogan@db.com
									marion.c.hogan@db.com
									Address:
									1761 East St. Andrew Place, Santa Ana, CA 92705
				Distribution Date:		December 27, 2004
									Factor Information:			(800) 735-7777
				Record Date:		November 30, 2004			Factor Information:			(800) 735-7777
									Main Phone Number:			(714) 247-6000

						December 15, 2004
						December 15, 2004
						December 24, 2004
						December 24, 2004			https://www.tss.db.com/invr
									https://www.tss.db.com/invr

				Class A-3b Distribution Date falls on 2nd day or the next suceeding Business Day of the calendar
				month following the Distribution month




Page 1 of 28
Morgan Stanley ABS Capital I Inc. 2004-HE9

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2004-HE9

December 27, 2004 Distribution
Certificate Payment Report
Current Period Distribution - REMIC II
					Prior											Current
	Class		Original		Principal					Total		Realized		Deferred		Principal
	Class		Original		Principal					Total		Realized		Deferred		Principal
Class	Type	Cur	Face Value		Balance	Interest		Principal		Distribution		Loss		Interest		Balance


					(1)	(2)		(3)		(4)=(2)+(3)		(5)		(6)		(7)=(1)-(3)-(5)+(6)

A-1	FLT/STEP/WA	$	120,339,000.00		120,339,000.00	238,045.58		1,268,594.20		1,506,639.78		0.00		0.00		119,070,405.80
A-1	FLT/STEP/WA	$	120,339,000.00		120,339,000.00	238,045.58		1,268,594.20		1,506,639.78		0.00		0.00		119,070,405.80
A-2a	FLT/STEP/WA	$	324,675,000.00		324,675,000.00	636,160.08		3,830,242.69		4,466,402.77		0.00		0.00		320,844,757.31
A-2b	FLT/STEP/WA	$	36,076,000.00		36,076,000.00	70,009.99		425,594.31		495,604.30		0.00		0.00		35,650,405.69
A-3a	FLT/STEP/WA	$	395,000,000.00		395,000,000.00	698,409.38		5,823,216.66		6,521,626.04		0.00		0.00		389,176,783.34
A-3b	FLT/STEP/WA	$	300,000,000.00		300,000,000.00	596,250.00		0.00		596,250.00		0.00		0.00		300,000,000.00
A-3c	FLT/STEP/WA	$	163,478,000.00		163,478,000.00	307,440.81		0.00		307,440.81		0.00		0.00		163,478,000.00
A-3d	FLT/STEP/WA	$	36,000,000.00		36,000,000.00	73,102.50		0.00		73,102.50		0.00		0.00		36,000,000.00
M-1	FLT/STEP/WA	$	83,237,000.00		83,237,000.00	174,641.63		0.00		174,641.63		0.00		0.00		83,237,000.00
M-2	FLT/STEP/WA	$	54,920,000.00		54,920,000.00	116,464.73		0.00		116,464.73		0.00		0.00		54,920,000.00
M-3	FLT/STEP/WA	$	29,176,000.00		29,176,000.00	63,184.28		0.00		63,184.28		0.00		0.00		29,176,000.00
M-4	FLT/STEP/WA	$	28,318,000.00		28,318,000.00	68,122.49		0.00		68,122.49		0.00		0.00		28,318,000.00
M-5	FLT/STEP/WA	$	24,886,000.00		24,886,000.00	60,799.61		0.00		60,799.61		0.00		0.00		24,886,000.00
M-6	FLT/STEP/WA	$	22,311,000.00		22,311,000.00	57,855.21		0.00		57,855.21		0.00		0.00		22,311,000.00
B-1	FLT/STEP/WA	$	18,879,000.00		18,879,000.00	55,327.27		0.00		55,327.27		0.00		0.00		18,879,000.00
B-2	FLT/STEP/WA	$	16,304,000.00		16,304,000.00	49,003.71		0.00		49,003.71		0.00		0.00		16,304,000.00
B-3	FLT/STEP/WA	$	17,162,000.00		17,162,000.00	67,028.34		0.00		67,028.34		0.00		0.00		17,162,000.00
X	EXE	$	45,481,088.00		45,481,088.00	6,389,680.10		672.24		6,390,352.34		0.00		0.00		45,480,415.76
UT-R	NPR/EXE	$	0.00		0.00	0.00		0.00		0.00		0.00		0.00		0.00
P	EXE	$	0.00		0.00	0.00		0.00		0.00		0.00		0.00		0.00


Total			1,716,242,088.00		1,716,242,088.00	9,721,525.71		11,348,320.10		21,069,845.81		0.00		0.00		1,704,893,767.90
Total





Page 2 of 28
Morgan Stanley ABS Capital I Inc. 2004-HE9

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2004-HE9

December 27, 2004 Distribution

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

								(1)		(1)		(2)		(3)		(4)=(2)+(3)	(5)
A-1	11/30/04		12/26/04		A-Act/360	61744CKC9		120,339,000.00		1,000.000000		1.978125		10.541838		12.519963	989.458162
A-2a	11/30/04		12/26/04		A-Act/360	61744CKD7		324,675,000.00		1,000.000000		1.959375		11.797159		13.756534	988.202841
A-2b	11/30/04		12/26/04		A-Act/360	61744CKE5		36,076,000.00		1,000.000000		1.940625		11.797159		13.737784	988.202841
A-3a	11/30/04		12/26/04		A-Act/360	61744CJP2		395,000,000.00		1,000.000000		1.768125		14.742321		16.510446	985.257679
A-3b	12/07/04		01/02/05		A-Act/360	61744CJQ0		300,000,000.00		1,000.000000		1.987500		0.000000		1.987500	1,000.000000
A-3c	11/30/04		12/26/04		A-Act/360	61744CJR8		163,478,000.00		1,000.000000		1.880625		0.000000		1.880625	1,000.000000
A-3d	11/30/04		12/26/04		A-Act/360	61744CJS6		36,000,000.00		1,000.000000		2.030625		0.000000		2.030625	1,000.000000
M-1	11/30/04		12/26/04		A-Act/360	61744CJT4		83,237,000.00		1,000.000000		2.098125		0.000000		2.098125	1,000.000000
M-2	11/30/04		12/26/04		A-Act/360	61744CJU1		54,920,000.00		1,000.000000		2.120625		0.000000		2.120625	1,000.000000
M-3	11/30/04		12/26/04		A-Act/360	61744CJV9		29,176,000.00		1,000.000000		2.165625		0.000000		2.165625	1,000.000000
M-4	11/30/04		12/26/04		A-Act/360	61744CJW7		28,318,000.00		1,000.000000		2.405625		0.000000		2.405625	1,000.000000
M-5	11/30/04		12/26/04		A-Act/360	61744CJX5		24,886,000.00		1,000.000000		2.443125		0.000000		2.443125	1,000.000000
M-6	11/30/04		12/26/04		A-Act/360	61744CJY3		22,311,000.00		1,000.000000		2.593125		0.000000		2.593125	1,000.000000
B-1	11/30/04		12/26/04		A-Act/360	61744CJZ0		18,879,000.00		1,000.000000		2.930625		0.000000		2.930625	1,000.000000
B-2	11/30/04		12/26/04		A-Act/360	61744CKA3		16,304,000.00		1,000.000000		3.005625		0.000000		3.005625	1,000.000000
B-3	11/30/04		12/26/04		A-Act/360	61744CKB1		17,162,000.00		1,000.000000		3.905625		0.000000		3.905625	1,000.000000
X	11/30/04		12/26/04		A-Act/360	MS04H9101		45,481,088.00		1,000.000000		140.490924		0.014781		140.505705	999.985219
UT-R	11/30/04		12/26/04		A-Act/360	MS04H9103		0.00		0.000000		0.000000		0.000000		0.000000	0.000000
P	11/30/04		12/26/04		A-Act/360	MS04H9102		0.00		0.000000		0.000000		0.000000		0.000000	0.000000




Page 3 of 28
Morgan Stanley ABS Capital I Inc. 2004-HE9

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2004-HE9

December 27, 2004 Distribution

Distribution to Date - REMIC II
																Current


	Original				Unscheduled	Scheduled		Total		Total		Realized		Deferred		Principal

Class	Face Value		Interest		Principal	Principal		Principal		Distribution		Loss		Interest		Balance
	(1)		(2)		(3)	(4)		(5)=(3)+(4)		(6)=(2)+(5)		(7)		(8)		(9)=(1)-(5)-(7)+(8)
A-1	120,339,000.00		238,045.58		1,123,197.43	145,396.77		1,268,594.20		1,506,639.78		0.00		0.00		119,070,405.80
A-2a	324,675,000.00		636,160.08		3,391,248.94	438,993.75		3,830,242.69		4,466,402.77		0.00		0.00		320,844,757.31
A-2b	36,076,000.00		70,009.99		376,815.88	48,778.43		425,594.31		495,604.30		0.00		0.00		35,650,405.69
A-3a	395,000,000.00		698,409.38		5,155,803.16	667,413.50		5,823,216.66		6,521,626.04		0.00		0.00		389,176,783.34
A-3b	300,000,000.00		596,250.00		0.00	0.00		0.00		596,250.00		0.00		0.00		300,000,000.00
A-3c	163,478,000.00		307,440.81		0.00	0.00		0.00		307,440.81		0.00		0.00		163,478,000.00
A-3d	36,000,000.00		73,102.50		0.00	0.00		0.00		73,102.50		0.00		0.00		36,000,000.00
M-1	83,237,000.00		174,641.63		0.00	0.00		0.00		174,641.63		0.00		0.00		83,237,000.00
M-2	54,920,000.00		116,464.73		0.00	0.00		0.00		116,464.73		0.00		0.00		54,920,000.00
M-3	29,176,000.00		63,184.28		0.00	0.00		0.00		63,184.28		0.00		0.00		29,176,000.00
M-4	28,318,000.00		68,122.49		0.00	0.00		0.00		68,122.49		0.00		0.00		28,318,000.00
M-5	24,886,000.00		60,799.61		0.00	0.00		0.00		60,799.61		0.00		0.00		24,886,000.00
M-6	22,311,000.00		57,855.21		0.00	0.00		0.00		57,855.21		0.00		0.00		22,311,000.00
B-1	18,879,000.00		55,327.27		0.00	0.00		0.00		55,327.27		0.00		0.00		18,879,000.00
B-2	16,304,000.00		49,003.71		0.00	0.00		0.00		49,003.71		0.00		0.00		16,304,000.00
B-3	17,162,000.00		67,028.34		0.00	0.00		0.00		67,028.34		0.00		0.00		17,162,000.00
X	45,481,088.00		6,389,680.10		595.19	77.05		672.24		6,390,352.34		0.00		0.00		45,480,415.76
UT-R	0.00		0.00		0.00	0.00		0.00		0.00		0.00		0.00		0.00
P	0.00		0.00		0.00	0.00		0.00		0.00		0.00		0.00		0.00


Total	1,716,242,088.00		9,721,525.71		10,047,660.60	1,300,659.50		11,348,320.10		21,069,845.81		0.00		0.00		1,704,893,767.90



Page 4 of 28
Morgan Stanley ABS Capital I Inc. 2004-HE9

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2004-HE9

December 27, 2004 Distribution

Interest Detail - REMIC II
	Pass		Prior Principal			Non-		Prior		Unscheduled				Paid or		Current
	Pass		Prior Principal			Non-		Prior		Unscheduled				Paid or

	Through		(with Notional)		Accrued	Supported		Unpaid		Interest		Optimal		Deferred		Unpaid

Class	Rate		Balance		Interest	Interest SF		Interest		Adjustment		Interest		Interest		Interest
					(1)	(2)		(3)		(4)		(5)=(1)-(2)+(3)+(4)		(6)		(7)=(5)-(6)
A-1	2.63750%		120,339,000.00		238,045.58	0.00		0.00		0.00		238,045.58		238,045.58		0.00
A-2a	2.61250%		324,675,000.00		636,160.08	0.00		0.00		0.00		636,160.08		636,160.08		0.00
A-2b	2.58750%		36,076,000.00		70,009.99	0.00		0.00		0.00		70,009.99		70,009.99		0.00
A-3a	2.35750%		395,000,000.00		698,409.38	0.00		0.00		0.00		698,409.38		698,409.38		0.00
A-3b	2.65000%		300,000,000.00		596,250.00	0.00		0.00		0.00		596,250.00		596,250.00		0.00
A-3c	2.50750%		163,478,000.00		307,440.81	0.00		0.00		0.00		307,440.81		307,440.81		0.00
A-3d	2.70750%		36,000,000.00		73,102.50	0.00		0.00		0.00		73,102.50		73,102.50		0.00
M-1	2.79750%		83,237,000.00		174,641.63	0.00		0.00		0.00		174,641.63		174,641.63		0.00
M-2	2.82750%		54,920,000.00		116,464.73	0.00		0.00		0.00		116,464.73		116,464.73		0.00
M-3	2.88750%		29,176,000.00		63,184.28	0.00		0.00		0.00		63,184.28		63,184.28		0.00
M-4	3.20750%		28,318,000.00		68,122.49	0.00		0.00		0.00		68,122.49		68,122.49		0.00
M-5	3.25750%		24,886,000.00		60,799.61	0.00		0.00		0.00		60,799.61		60,799.61		0.00
M-6	3.45750%		22,311,000.00		57,855.21	0.00		0.00		0.00		57,855.21		57,855.21		0.00
B-1	3.90750%		18,879,000.00		55,327.27	0.00		0.00		0.00		55,327.27		55,327.27		0.00
B-2	4.00750%		16,304,000.00		49,003.71	0.00		0.00		0.00		49,003.71		49,003.71		0.00
B-3	5.20750%		17,162,000.00		67,028.34	0.00		0.00		0.00		67,028.34		67,028.34		0.00
X	187.32123%		45,481,088.00		0.00	0.00		0.00		0.00		0.00		6,389,680.10		0.00
UT-R	0.00000%		0.00		0.00	0.00		0.00		0.00		0.00		0.00		0.00
P	0.00000%		0.00		0.00	0.00		0.00		0.00		0.00		0.00		0.00


Total			1,716,242,088.00		3,331,845.61	0.00		0.00		0.00		3,331,845.61		9,721,525.71		0.00



Page 5 of 28
Morgan Stanley ABS Capital I Inc. 2004-HE9

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2004-HE9

December 27, 2004 Distribution
Collection Account Report
SUMMARY
SUMMARY
							Group 3		Group 2		Group 1		Total
Principal Collections							5,820,705.80		4,255,761.87		1,267,694.97		11,344,162.64
Principal Withrawals							0.00		0.00		0.00		0.00
Principal Other Accounts							2,855.83		327.25		974.38		4,157.46
TOTAL NET PRINCIPAL							5,823,561.63		4,256,089.12		1,268,669.35		11,348,320.10
Interest Collections							6,407,910.03		2,562,954.72		854,386.82		9,825,251.56
Interest Withdrawals							-0.00		-0.00		-0.00		-0.00
Interest Other Accounts							0.00		0.00		0.00		0.00
Interest Fees							-59,409.78		-21,476.99		-7,839.09		-88,725.86
TOTAL NET INTEREST							6,348,500.25		2,541,477.73		846,547.72		9,736,525.70
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION							12,172,061.88		6,797,566.85		2,115,217.07		21,084,845.80



PRINCIPAL - COLLECTIONS
PRINCIPAL - COLLECTIONS
								Group 3		Group 2		Group 1		Total
Scheduled Principal Received								829,449.01		356,379.41		114,831.08		1,300,659.50
Prepayments In Full								4,807,929.01		3,860,061.77		1,148,398.89		9,816,389.67
Curtailments								60,193.83		39,320.69		4,465.00		103,979.52
Liquidations								123,133.95		0.00		0.00		123,133.95
Insurance Principal								0.00		0.00		0.00		0.00
Repurchased Principal Amounts								0.00		0.00		0.00		0.00
Other Principal								0.00		0.00		0.00		0.00
Total Realized Loss Of Principal								-0.00		-0.00		-0.00		-0.00
Delinquent Principal								-726,515.86		-317,996.49		-98,842.90		-1,143,355.25
Advanced Principal								726,515.86		317,996.49		98,842.90		1,143,355.25
TOTAL PRINCIPAL COLLECTED								5,820,705.80		4,255,761.87		1,267,694.97		11,344,162.64


PRINCIPAL - WITHDRAWALS

SPACE INTENTIONALLY LEFT BLANK



PRINCIPAL - OTHER ACCOUNTS
PRINCIPAL - OTHER ACCOUNTS
							Group 3		Group 2		Group 1		Total
Closing Deposit							2,855.83		327.25		974.38		4,157.46
TOTAL OTHER ACCOUNTS PRINCIPAL							2,855.83		327.25		974.38		4,157.46





Page 6 of 28
Morgan Stanley ABS Capital I Inc. 2004-HE9

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2004-HE9

December 27, 2004 Distribution

INTEREST - COLLECTIONS
INTEREST - COLLECTIONS
							Group 3		Group 2		Group 1		Total
Scheduled Interest							6,815,098.16		2,729,992.60		909,431.80		10,454,522.57
Liquidation Interest							820.79		0.00		0.00		820.79
Repurchased Interest							0.00		0.00		0.00		0.00
Insurance Interest							0.00		0.00		0.00		0.00
Other Interest							0.00		0.00		0.00		0.00
Relief Act Interest Shortfalls							-0.00		-0.00		-0.00		-0.00
Prepayment Interest Shortfalls							-8,721.85		-8,058.97		-3,453.31		-20,234.12
Compensating Interest							8,721.85		8,058.97		3,453.31		20,234.12
Delinquent Interest							-5,995,312.50		-2,436,017.18		-800,027.80		-9,231,357.49
Interest Advanced							5,587,303.58		2,268,979.30		744,982.81		8,601,265.69
TOTAL INTEREST COLLECTED							6,407,910.03		2,562,954.72		854,386.82		9,825,251.56


INTEREST - WITHDRAWALS
INTEREST - WITHDRAWALS
							Group 3		Group 2		Group 1		Total
Nonrecoverable Advances									0.00		0.00		0.00
TOTAL INTEREST WITHDRAWALS							0.00		0.00		0.00		0.00



INTEREST - OTHER ACCOUNTS
INTEREST - OTHER ACCOUNTS
							Group 3		Group 2		Group 1		Total
Prepayment Charges													0.00
TOTAL INTEREST OTHER ACCOUNTS							0.00		0.00		0.00		0.00



INTEREST - FEES
INTEREST - FEES
							Group 3		Group 2		Group 1		Total
Current Servicing Fees							56,991.77		15,120.20		45,933.78		85,007.34
Current Trustee Fees							2,418.00		747.99		2,006.77		3,718.52
TOTAL INTEREST OTHER FEES							59,409.78		21,476.99		7,839.09		88,725.86




Page 7 of 28
Morgan Stanley ABS Capital I Inc. 2004-HE9

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2004-HE9

December 27, 2004 Distribution
Credit Enhancement Report
ACCOUNTS

SPACE INTENTIONALLY LEFT BLANK



INSURANCE
INSURANCE
							Group 3		Group 2		Group 1		Total
Class A-3b Insurance Premium Amount													15,000.00
Class A-3b Certificate Deficiency Amount													0.00



STRUCTURAL FEATURES
STRUCTURAL FEATURES
							Group 3		Group 2		Group 1		Total
Overcollateralization Amount													45,481,087.57
Overcollateralization Target Amount													45,480,415.33
Overcollateralization Deficiency Amount													0.00
Overcollateralization Release Amount													672.24




Page 8 of 28
Morgan Stanley ABS Capital I Inc. 2004-HE9

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2004-HE9

December 27, 2004 Distribution
Collateral Report


COLLATERAL



								Group 3		Group 2		Group 1		Total



*Loan Count:*


Original							6,330		2,960		969		10,259
Prior							6,330		2,960		969		10,259
Prefunding							0		0		0		0
Scheduled Paid Offs							-0		-0		-0		-0
Full Voluntary Prepayments							-15		-24		-7		-46
Repurchases							-0		-0		-0		-0
Liquidations							-1		-0		-0		-1
Current							6,314		2,936		962		10,212
*Principal Balance:*


Original							1,116,001,676.01		450,095,200.60		150,141,053.50		1,716,237,930.11
Prior							1,116,001,676.01		450,095,200.60		150,141,053.50		1,716,237,930.11
Prefunding							0.00		0.00		0.00		0.00
Scheduled Principal							-829,449.01		-356,379.41		-114,831.08		-1,300,659.50
Partial Prepayments							-60,193.83		-39,320.69		-4,465.00		-103,979.52
Full Voluntary Prepayments							-4,807,929.01		-3,860,061.77		-1,148,398.89		-9,816,389.67
Repurchases							-0.00		-0.00		-0.00		-0.00
Liquidations							-123,133.95		-0.00		-0.00		-123,133.95
Current							1,110,180,970.21		445,839,438.73		148,873,358.53		1,704,893,767.47





PREFUNDING

SPACE INTENTIONALLY LEFT BLANK






Page 9 of 28
Morgan Stanley ABS Capital I Inc. 2004-HE9

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2004-HE9

December 27, 2004 Distribution

CHARACTERISTICS
CHARACTERISTICS
							Group 3		Group 2		Group 1		Total
Weighted Average Coupon Original							7.32893%		7.27844%		7.26862%		7.31042%
Weighted Average Coupon Prior							7.32893%		7.27844%		7.26862%		7.31042%
Weighted Average Coupon Current							7.32893%		7.27844%		7.26862%		7.31042%
Weighted Average Months to Maturity Original							350		348		349		350
Weighted Average Months to Maturity Prior							350		348		349		350
Weighted Average Months to Maturity Current							350		348		349		350
Weighted Avg Remaining Amortization Term Original							350		348		349		350
Weighted Avg Remaining Amortization Term Prior							350		348		349		350
Weighted Avg Remaining Amortization Term Current							350		348		349		350
Weighted Average Seasoning Original							4.16		4.07		4.06		4.13
Weighted Average Seasoning Prior							4.16		4.07		4.06		4.13
Weighted Average Seasoning Current							4.16		4.07		4.06		4.13









Page 10 of 28
Morgan Stanley ABS Capital I Inc. 2004-HE9

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2004-HE9

December 27, 2004 Distribution

ARM CHARACTERISTICS
ARM CHARACTERISTICS
							Group 3		Group 2		Group 1		Total
Weighted Average Margin Original							5.74152%		5.50539%		5.54259%		5.66231%
Weighted Average Margin Prior							5.74152%		5.50539%		5.54259%		5.66231%
Weighted Average Margin Current							5.74152%		5.50539%		5.54259%		5.66231%
Weighted Average Max Rate Original							13.82480%		14.25853%		14.25094%		13.97618%
Weighted Average Max Rate Prior							13.82480%		14.25853%		14.25094%		13.97618%
Weighted Average Max Rate Current							13.82480%		14.25853%		14.25094%		13.97618%
Weighted Average Min Rate Original							7.27522%		7.25740%		7.25372%		7.26862%
Weighted Average Min Rate Prior							7.27522%		7.25740%		7.25372%		7.26862%
Weighted Average Min Rate Current							7.27522%		7.25740%		7.25372%		7.26862%
Weighted Average Cap Up Original							1.29516%		1.52863%		1.49861%		1.37413%
Weighted Average Cap Up Prior							1.29516%		1.52863%		1.49861%		1.37413%
Weighted Average Cap Up Current							1.29516%		1.52863%		1.49861%		1.37413%
Weighted Average Cap Down Original							1.29516%		1.52863%		1.49861%		1.37413%
Weighted Average Cap Down Prior							1.29516%		1.52863%		1.49861%		1.37413%
Weighted Average Cap Down Current							1.29516%		1.52863%		1.49861%		1.37413%




SERVICING FEES & ADVANCES

								Group 3		Group 2		Group 1		Total




Current Servicing Fees							56,991.77		15,120.20		45,933.78		85,007.34
Delinquent Servicing Fees							408,008.93		167,037.88		55,044.99		630,091.79
TOTAL SERVICING FEES							465,000.71		187,539.67		62,558.78		715,099.16


Compensating Interest							-8,721.85		-8,058.97		-3,453.31		-20,234.12
Delinquent Servicing Fees							-408,008.93		-167,037.88		-55,044.99		-630,091.79
COLLECTED SERVICING FEES							48,269.94		12,442.82		4,060.48		64,773.24


Aggregate Advances with respect to this Distribution							4,487,973.81		1,796,023.18		672,448.08		6,956,445.08





ADDITIONAL COLLATERAL INFORMATION
							Group 3		Group 2		Group 1		Total
Net Prepayment Interest Shortfall							0.00		0.00		0.00		0.00
Libor For Current Period													2.2075%
Libor For Next Period													0.0000%
Libor For Class A-3b for current Period													2.3400%




Page 11 of 28
Morgan Stanley ABS Capital I Inc. 2004-HE9

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2004-HE9

December 27, 2004 Distribution
Delinquency Report

	TOTAL
					< 1 PAYMENT	1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance			18,935,786.50		970,053.91		0.00		19,905,840.41
			% Balance			1.11%		0.06%		0.00%		1.17%
			# Loans			116		6		0		122
			% # Loans			1.14%		0.06%		0.00%		1.19%
	FORECLOSURE		Balance		0.00	0.00		0.00		0.00		0.00
			% Balance		0.00%	0.00%		0.00%		0.00%		0.00%
			# Loans		0	0		0		0		0
			% # Loans		0.00%	0.00%		0.00%		0.00%		0.00%
	BANKRUPTCY		Balance		0.00	0.00		0.00		0.00		0.00
			% Balance		0.00%	0.00%		0.00%		0.00%		0.00%
			# Loans		0	0		0		0		0
			% # Loans		0.00%	0.00%		0.00%		0.00%		0.00%
	REO		Balance		0.00	0.00		0.00		0.00		0.00
			% Balance		0.00%	0.00%		0.00%		0.00%		0.00%
			# Loans		0	0		0		0		0
			% # Loans		0.00%	0.00%		0.00%		0.00%		0.00%
	TOTAL		Balance		0.00	18,935,786.50		970,053.91		0.00		19,905,840.41
			% Balance		0.00%	1.11%		0.06%		0.00%		1.17%
			# Loans		0	116		6		0		122
			% # Loans		0.00%	1.14%		0.06%		0.00%		1.19%









Page 12 of 28
Morgan Stanley ABS Capital I Inc. 2004-HE9

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2004-HE9

December 27, 2004 Distribution


	GROUP 1
					< 1 PAYMENT	1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance			1,049,239.65		0.00		0.00		1,049,239.65
			% Balance			0.70%		0.00%		0.00%		0.70%
			# Loans			8		0		0		8
			% # Loans			0.83%		0.00%		0.00%		0.83%
	FORECLOSURE		Balance		0.00	0.00		0.00		0.00		0.00
			% Balance		0.00%	0.00%		0.00%		0.00%		0.00%
			# Loans		0	0		0		0		0
			% # Loans		0.00%	0.00%		0.00%		0.00%		0.00%
	BANKRUPTCY		Balance		0.00	0.00		0.00		0.00		0.00
			% Balance		0.00%	0.00%		0.00%		0.00%		0.00%
			# Loans		0	0		0		0		0
			% # Loans		0.00%	0.00%		0.00%		0.00%		0.00%
	REO		Balance		0.00	0.00		0.00		0.00		0.00
			% Balance		0.00%	0.00%		0.00%		0.00%		0.00%
			# Loans		0	0		0		0		0
			% # Loans		0.00%	0.00%		0.00%		0.00%		0.00%
	TOTAL		Balance		0.00	1,049,239.65		0.00		0.00		1,049,239.65
			% Balance		0.00%	0.70%		0.00%		0.00%		0.70%
			# Loans		0	8		0		0		8
			% # Loans		0.00%	0.83%		0.00%		0.00%		0.83%










Page 13 of 28
Morgan Stanley ABS Capital I Inc. 2004-HE9

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2004-HE9

December 27, 2004 Distribution

	GROUP 2
					< 1 PAYMENT	1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance			4,523,415.79		0.00		0.00		4,523,415.79
			% Balance			1.01%		0.00%		0.00%		1.01%
			# Loans			31		0		0		31
			% # Loans			1.06%		0.00%		0.00%		1.06%
	FORECLOSURE		Balance		0.00	0.00		0.00		0.00		0.00
			% Balance		0.00%	0.00%		0.00%		0.00%		0.00%
			# Loans		0	0		0		0		0
			% # Loans		0.00%	0.00%		0.00%		0.00%		0.00%
	BANKRUPTCY		Balance		0.00	0.00		0.00		0.00		0.00
			% Balance		0.00%	0.00%		0.00%		0.00%		0.00%
			# Loans		0	0		0		0		0
			% # Loans		0.00%	0.00%		0.00%		0.00%		0.00%
	REO		Balance		0.00	0.00		0.00		0.00		0.00
			% Balance		0.00%	0.00%		0.00%		0.00%		0.00%
			# Loans		0	0		0		0		0
			% # Loans		0.00%	0.00%		0.00%		0.00%		0.00%
	TOTAL		Balance		0.00	4,523,415.79		0.00		0.00		4,523,415.79
			% Balance		0.00%	1.01%		0.00%		0.00%		1.01%
			# Loans		0	31		0		0		31
			% # Loans		0.00%	1.06%		0.00%		0.00%		1.06%










Page 14 of 28
Morgan Stanley ABS Capital I Inc. 2004-HE9

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2004-HE9

December 27, 2004 Distribution

	GROUP 3
					< 1 PAYMENT	1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance			13,363,131.06		970,053.91		0.00		14,333,184.97
			% Balance			1.20%		0.09%		0.00%		1.29%
			# Loans			77		6		0		83
			% # Loans			1.22%		0.10%		0.00%		1.31%
	FORECLOSURE		Balance		0.00	0.00		0.00		0.00		0.00
			% Balance		0.00%	0.00%		0.00%		0.00%		0.00%
			# Loans		0	0		0		0		0
			% # Loans		0.00%	0.00%		0.00%		0.00%		0.00%
	BANKRUPTCY		Balance		0.00	0.00		0.00		0.00		0.00
			% Balance		0.00%	0.00%		0.00%		0.00%		0.00%
			# Loans		0	0		0		0		0
			% # Loans		0.00%	0.00%		0.00%		0.00%		0.00%
	REO		Balance		0.00	0.00		0.00		0.00		0.00
			% Balance		0.00%	0.00%		0.00%		0.00%		0.00%
			# Loans		0	0		0		0		0
			% # Loans		0.00%	0.00%		0.00%		0.00%		0.00%
	TOTAL		Balance		0.00	13,363,131.06		970,053.91		0.00		14,333,184.97
			% Balance		0.00%	1.20%		0.09%		0.00%		1.29%
			# Loans		0	77		6		0		83
			% # Loans		0.00%	1.22%		0.10%		0.00%		1.31%









Page 15 of 28
Morgan Stanley ABS Capital I Inc. 2004-HE9

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2004-HE9

December 27, 2004 Distribution
REO Report
Loan Number			Original		Stated			Current		State &

													First
&			Principal		Principal	Paid to		Note		LTV at		Original		Payment

Loan Group			Balance		Balance	Date		Rate		Origination		Term		Date
SPACE INTENTIONALLY LEFT BLANK
SPACE INTENTIONALLY LEFT BLANK



TOTAL



Page 16 of 28
Morgan Stanley ABS Capital I Inc. 2004-HE9

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2004-HE9

December 27, 2004 Distribution
Foreclosure Report
Loan Number			Original		Stated			Current		State &

													First
&			Principal		Principal	Paid to		Note		LTV at		Original		Payment

Loan Group			Balance		Balance	Date		Rate		Origination		Term		Date




TOTAL



Page 17 of 28
Morgan Stanley ABS Capital I Inc. 2004-HE9

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2004-HE9

December 27, 2004 Distribution
Prepayment Report

VOLUNTARY PREPAYMENTS
VOLUNTARY PREPAYMENTS

								Group 3		Group 2		Group 1		Total




*Current*


Number of Paid in Full Loans							15		24		7		46
Number of Repurchased Loans							0		0		0		0
Total Number of Loans Prepaid in Full							15		24		7		46
Curtailments Amount							60,193.83		39,320.69		4,465.00		103,979.52
Paid in Full Balance							4,807,929.01		3,860,061.77		1,148,398.89		9,816,389.67
Repurchased Loans Balance							0.00		0.00		0.00		0.00
Total Prepayment Amount							4,868,122.84		3,899,382.46		1,152,863.89		9,920,369.19

*Cumulative*


Number of Paid in Full Loans							15		24		7		46
Number of Repurchased Loans							0		0		0		0
Total Number of Loans Prepaid in Full							15		24		7		46
Paid in Full Balance							4,807,929.01		3,860,061.77		1,148,398.89		9,816,389.67
Repurchased Loans Balance							0.00		0.00		0.00		0.00
Curtailments Amount							60,193.83		39,320.69		4,465.00		103,979.52
Total Prepayment Amount							4,868,122.84		3,899,382.46		1,152,863.89		9,920,369.19










Page 18 of 28
Morgan Stanley ABS Capital I Inc. 2004-HE9

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2004-HE9

December 27, 2004 Distribution

VOLUNTARY PREPAYMENTS RATES
VOLUNTARY PREPAYMENTS RATES

								Group 3		Group 2		Group 1		Total



SMM							0.45%		0.87%		0.77%		0.59%
3 Months Avg SMM							0.45%		0.87%		0.77%		0.59%
12 Months Avg SMM							0.45%		0.87%		0.77%		0.59%
Avg SMM Since Cut-off							0.45%		0.87%		0.77%		0.59%


CPR							5.24%		9.92%		8.84%		6.81%
3 Months Avg CPR							5.24%		9.92%		8.84%		6.81%
12 Months Avg CPR							5.24%		9.92%		8.84%		6.81%
Avg CPR Since Cut-off							5.24%		9.92%		8.84%		6.81%


PSA							630.20%		1,220.24%		1,088.73%		824.89%
3 Months Avg PSA Approximation							630.21%		1,220.24%		1,088.73%		824.89%
12 Months Avg PSA Approximation							630.21%		1,220.24%		1,088.73%		824.89%
Avg PSA Since Cut-off Approximation							630.21%		1,220.24%		1,088.73%		824.89%










Page 19 of 28
Morgan Stanley ABS Capital I Inc. 2004-HE9

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2004-HE9

December 27, 2004 Distribution






PREPAYMENT CALCULATION METHODOLOGY

	Single Monthly Mortality (SMM): (Voluntary partial and full prepayments + Repurchases + Liquidations )/(Beg Principal Balance - Sched Principal)

	Conditional Prepayment Rate (CPR): 1-((1-SMM)^12)
	PSA Standard Prepayment Model: CPR/(0.002*min(30,WAS))
	PSA Standard Prepayment Model: CPR/(0.002*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, liquidations, and repurchases.
	Dates correspond to distribution dates.




Page 20 of 28
Morgan Stanley ABS Capital I Inc. 2004-HE9

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2004-HE9

December 27, 2004 Distribution
Prepayment Detail Report
Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution
Loan Number			Original						Current		State &		Type Prepayment		First
Loan Number			Original						Current		State &		Type Prepayment

&		Loan	Principal		Prepayment		Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount		Date		Rate		Origination		Original Term		Date

1575753 2			144,000.00		143,707.61		10-Nov-2004		7.990%		MD - 90.00%		Paid Off - 360		09/01/2004
1575753 2			144,000.00		143,707.61		10-Nov-2004		7.990%		MD - 90.00%		Paid Off - 360		09/01/2004
1578519 3			116,000.00		115,679.12		10-Nov-2004		7.900%		FL - 80.00%		Paid Off - 360		08/01/2004
1634016 3			376,200.00		374,880.64		24-Nov-2004		6.700%		FL - 90.00%		Paid Off - 360		08/01/2004
1640216 1			265,000.00		265,000.00		11-Nov-2004		8.850%		MA - 89.83%		Paid Off - 360		09/01/2004
1641713 3			629,000.00		627,504.33		19-Nov-2004		7.200%		CA - 85.00%		Paid Off - 360		09/01/2004
1647542 2			198,805.00		198,805.00		23-Nov-2004		8.000%		NV - 80.00%		Paid Off - 360		09/01/2004
1655974 2			248,700.00		248,034.86		30-Nov-2004		6.600%		VA - 72.93%		Paid Off - 360		09/01/2004
1663548 1			206,797.00		206,797.00		18-Nov-2004		8.650%		FL - 90.00%		Paid Off - 360		09/01/2004
1664410 2			99,000.00		98,757.52		19-Nov-2004		7.050%		IN - 90.00%		Paid Off - 360		09/01/2004
1669096 2			140,000.00		139,573.76		19-Nov-2004		6.500%		WA - 45.02%		Paid Off - 360		09/01/2004
1671200 2			277,100.00		276,109.16		09-Nov-2004		6.600%		MD - 85.00%		Paid Off - 360		08/01/2004
1672773 2			151,800.00		151,338.68		18-Nov-2004		8.300%		DC - 60.00%		Paid Off - 360		09/01/2004
1675831 2			77,480.00		77,353.69		19-Nov-2004		9.100%		ME - 45.31%		Paid Off - 360		09/01/2004
1676795 1			105,600.00		105,317.57		30-Nov-2004		6.600%		PA - 78.22%		Paid Off - 360		09/01/2004
1701592 2			148,000.00		148,000.00		18-Nov-2004		6.450%		NV - 80.00%		Paid Off - 360		09/01/2004
1702041 2			244,000.00		244,000.00		22-Nov-2004		7.325%		CA - 80.00%		Paid Off - 360		09/01/2004
1703119 2			264,000.00		263,334.06		19-Nov-2004		6.900%		CA - 80.00%		Paid Off - 360		09/01/2004
1703743 2			78,000.00		77,870.94		15-Nov-2004		8.990%		NM - 53.79%		Paid Off - 360		09/01/2004
1705674 2			118,150.00		117,920.07		30-Nov-2004		8.200%		MO - 85.00%		Paid Off - 360		09/01/2004
1708956 1			113,104.00		112,792.59		08-Nov-2004		6.450%		AZ - 80.00%		Paid Off - 360		09/01/2004
1712809 1			86,450.00		86,231.94		08-Nov-2004		6.900%		CA - 95.00%		Paid Off - 360		09/01/2004
1714034 2			153,000.00		152,636.18		15-Nov-2004		7.200%		NV - 85.00%		Paid Off - 360		09/01/2004
1715114 3			359,200.00		358,370.87		29-Nov-2004		7.350%		CA - 80.00%		Paid Off - 360		09/01/2004
1716408 2			93,600.00		93,366.88		29-Nov-2004		7.575%		NC - 78.92%		Paid Off - 360		09/01/2004
1716887 2			37,000.00		36,883.58		18-Nov-2004		11.800%		NV - 20.00%		Paid Off - 240		09/01/2004
1717710 2			230,000.00		229,309.65		30-Nov-2004		6.000%		CA - 52.87%		Paid Off - 360		09/01/2004
1717739 1			67,200.00		67,062.44		29-Nov-2004		7.950%		IA - 80.00%		Paid Off - 360		09/01/2004
1720974 3			421,200.00		421,200.00		12-Nov-2004		4.625%		CA - 90.00%		Paid Off - 300		09/01/2004
1725817 3			499,999.00		498,821.76		16-Nov-2004		7.250%		WA - 57.14%		Paid Off - 360		09/01/2004
1729230 2			234,000.00		233,462.55		18-Nov-2004		7.375%		MA - 65.00%		Paid Off - 360		09/01/2004
1730046 2			50,000.00		49,951.59		11-Nov-2004		11.500%		IL - 20.00%		Paid Off - 360		09/01/2004
1732702 2			208,250.00		207,810.62		30-Nov-2004		7.800%		OH - 85.00%		Paid Off - 360		09/01/2004
1733834 3			148,000.00		147,732.91		19-Nov-2004		8.800%		CA - 80.00%		Paid Off - 360		09/01/2004
1734837 2			135,000.00		134,571.06		08-Nov-2004		5.700%		CA - 61.36%		Paid Off - 360		09/01/2004
1734885 3			94,000.00		93,864.48		22-Nov-2004		9.650%		CA - 20.00%		Paid Off - 360		09/01/2004
1736387 2			215,200.00		215,200.00		19-Nov-2004		5.375%		CA - 80.00%		Paid Off - 300		09/01/2004
1737961 3			81,000.00		80,745.15		23-Nov-2004		11.800%		CA - 20.00%		Paid Off - 240		09/01/2004
1737961 3			81,000.00		80,745.15				11.800%		CA - 20.00%		Paid Off - 240



Page 21 of 28
Morgan Stanley ABS Capital I Inc. 2004-HE9

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2004-HE9

December 27, 2004 Distribution

Prepayment Detail Report - Mortgage Loans Prepaid in Full During Current Distribution
Loan Number			Original						Current		State &		Type Prepayment		First
Loan Number			Original						Current		State &		Type Prepayment

&		Loan	Principal		Prepayment		Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount		Date		Rate		Origination		Original Term		Date

1743436 3			207,000.00		206,567.64		22-Nov-2004		7.850%		RI - 76.67%		Paid Off - 360		09/01/2004
1743436 3			207,000.00		206,567.64		22-Nov-2004		7.850%		RI - 76.67%		Paid Off - 360		09/01/2004
1743471 3			325,500.00		324,725.99		19-Nov-2004		7.200%		CA - 77.50%		Paid Off - 360		09/01/2004
1746460 3			355,000.00		354,139.02		23-Nov-2004		7.100%		CA - 73.96%		Paid Off - 360		09/01/2004
1749262 3			266,500.00		265,902.94		09-Nov-2004		7.500%		WI - 88.01%		Paid Off - 360		09/01/2004
1750033 2			140,000.00		139,625.56		30-Nov-2004		6.600%		CA - 75.68%		Paid Off - 360		09/01/2004
1753895 3			222,240.00		221,794.16		30-Nov-2004		8.050%		FL - 80.00%		Paid Off - 360		09/01/2004
1759027 2			182,750.00		182,438.75		11-Nov-2004		8.850%		CA - 85.00%		Paid Off - 360		09/01/2004
1763088 1			306,000.00		305,197.35		16-Nov-2004		6.700%		CA - 90.00%		Paid Off - 360		09/01/2004
1770754 3			716,000.00		716,000.00		29-Nov-2004		7.500%		CA - 80.00%		Paid Off - 360		09/01/2004


TOTAL			9,834,825.00		9,816,389.67
TOTAL


Page 22 of 28
Morgan Stanley ABS Capital I Inc. 2004-HE9

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2004-HE9

December 27, 2004 Distribution
Realized Loss Report

COLLATERAL REALIZED LOSSES



								Group 3		Group 2		Group 1		Total


*Current*
*Current*



Number of Loans Liquidated							1		0		0		1
Collateral Principal Realized Loss/(Gain) Amount							0.00		0.00		0.00		0.00
Collateral Interest Realized Loss/(Gain) Amount							0.00		0.00		0.00		0.00
Net Liquidation Proceeds							123,133.95		0.00		0.00		123,133.95

*Cumulative*
*Cumulative*



Number of Loans Liquidated							1		0		0		1
Collateral Realized Loss/(Gain) Amount							0.00		0.00		0.00		0.00
Net Liquidation Proceeds							123,133.95		0.00		0.00		123,133.95










Page 23 of 28
Morgan Stanley ABS Capital I Inc. 2004-HE9

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2004-HE9

December 27, 2004 Distribution


DEFAULT SPEEDS



								Group 3		Group 2		Group 1		Total



MDR							0.01%		0.00%		0.00%		0.01%
3 Months Avg MDR							0.01%		0.00%		0.00%		0.01%
12 Months Avg MDR							0.01%		0.00%		0.00%		0.01%
Avg MDR Since Cut-off							0.01%		0.00%		0.00%		0.01%


CDR							0.13%		0.00%		0.00%		0.09%
3 Months Avg CDR							0.13%		0.00%		0.00%		0.09%
12 Months Avg CDR							0.13%		0.00%		0.00%		0.09%
Avg CDR Since Cut-off							0.13%		0.00%		0.00%		0.09%


SDA							1.59%		0.00%		0.00%		1.04%
3 Months Avg SDA Approximation							1.59%		0.00%		0.00%		1.04%
12 Months Avg SDA Approximation							1.59%		0.00%		0.00%		1.04%
Avg SDA Since Cut-off Approximation							1.59%		0.00%		0.00%		1.04%


Loss Severity Approximation for Current Period							0.00%		0.00%		0.00%		0.00%
3 Months Avg Loss Severity Approximation							0.00%		0.00%		0.00%		0.00%
12 Months Avg Loss Severity Approximation							0.00%		0.00%		0.00%		0.00%
Avg Loss Severity Approximation Since Cut-off							0.00%		0.00%		0.00%		0.00%












Page 24 of 28
Morgan Stanley ABS Capital I Inc. 2004-HE9

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2004-HE9

December 27, 2004 Distribution





COLLATERAL REALIZED LOSS CALCULATION METHODOLOGY
	Monthly Default Rate (MDR): (Beg Principal Balance of Liquidated Loans)/(Total Beg Principal Balance)



	Conditional Default Rate (CDR): 1-((1-MDR)^12)

	SDA Standard Default Assumption: CDR/IF(WAS<61,MIN(30,WAS)0.02,MAX(0.03,MIN(30,WAS)0.02-0.0095*(WAS-60)))

	Average MDR over period between nth month and mth month (AvgMDRn,m): [(1-MDRn)(1-MDRn+1)...*(1-MDRm)]^(1/months in period n,m)
	Average CDR over period between the nth month and mth month (AvgCDRn,m): 1-((1-AvgMDRn,m)^12)

	Average SDA Approximation over period between the nth month and mth month:
	AvgCDRn,m/IF(Avg WASn,m<61,MIN(30,Avg WASn,m)0.02,MAX(0.03,MIN(30,Avg WASn,m)0.02-0.0095*(Avg WASn,m-60)))

	Average WASn,m: (WASn + WASn+1 +...+ WASm )/(number of months in the period n,m)
	Loss Severity Approximation for current period: sum(Realized Loss Amount)/sum(Beg Principal Balance of Liquidated Loans)

	Average Loss Severity Approximation over period between nth month and mth month: Avg(Loss Severityn,m)

	Note: Default rates are calculated since deal issue date and include realized gains and additional realized losses and gains from prior periods.
	Dates correspond to distribution dates.




Page 25 of 28
Morgan Stanley ABS Capital I Inc. 2004-HE9

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2004-HE9

December 27, 2004 Distribution
Realized Loss Detail Report
Loan Number			Current		State &			Prior		Realized				Cumulative
														Cumulative
&		Loan	Note		LTV at	Original		Principal		Loss/(Gain)		Realized		Realized

Loan Group		Status	Rate		Origination	Term		Balance		Revision		Loss/(Gain)		Loss/(Gain)
Loan Group		Status	Rate		Origination	Term		Balance		Revision		Loss/(Gain)		Loss/(Gain)
408197874 3
408197874 3			7.999%		IN - 90.00%	360		123,133.95				0.00



TOTAL								123,133.95			0.00		0.00



Page 26 of 28
Morgan Stanley ABS Capital I Inc. 2004-HE9

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2004-HE9

December 27, 2004 Distribution
Triggers and Adj. Cert. Report
TRIGGER EVENTS
TRIGGER EVENTS
							Group 3		Group 2		Group 1		Total
Trigger Event in effect (0=No , 1=Yes)													0
Stepdown Date has occurred (0 = No, 1=Yes)													0
Balances 60+ days includes Bankruptcy and Foreclosure													0.00
Ending Balance													1,704,893,767.47
Senior Enhancement Percentage													19.8500%



ADJUSTABLE RATE CERTIFICATE INFORMATION

SPACE INTENTIONALLY LEFT BLANK



ADDITIONAL INFORMATION
ADDITIONAL INFORMATION
							Group 3		Group 2		Group 1		Total
Basis Risk CarryForward Amount paid													0.00
Basis Risk CarryForward Amount unpaid													0.00
Excess Reserve Fund Account Balance													0.00




Page 27 of 28
Morgan Stanley ABS Capital I Inc. 2004-HE9

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2004-HE9

December 27, 2004 Distribution
Other Related Information
ADDITIONAL INFORMATION
ADDITIONAL INFORMATION
							Group 3		Group 2		Group 1		Total
Current Scheduled Payments							7,644,547.17		3,086,372.01		1,024,262.88		11,755,182.07
Current Scheduled Payments 1 Month Prior							0.00		0.00		0.00		0.00
Current Scheduled Payments 2 Month Prior							0.00		0.00		0.00		0.00
Current Scheduled Payments 3 Month Prior							0.00		0.00		0.00		0.00
Current Scheduled Payments 4 Month Prior							0.00		0.00		0.00		0.00
Current Scheduled Payments 5 Month Prior							0.00		0.00		0.00		0.00
Current Scheduled Payments 6 Month Prior							0.00		0.00		0.00		0.00
Current Scheduled Payments 7 Month Prior							0.00		0.00		0.00		0.00
Current Scheduled Payments 8 Month Prior							0.00		0.00		0.00		0.00
Current Scheduled Payments 9 Month Prior							0.00		0.00		0.00		0.00
Current Scheduled Payments 10 Month Prior							0.00		0.00		0.00		0.00
Current Scheduled Payments 11 Month Prior							0.00		0.00		0.00		0.00





Sched. Payments for 60+Day Delinquent Loans							0.00		0.00		0.00		0.00
Sched. Pmts - 60+Day Delinquent Loans, 1 Month Prior							0.00		0.00		0.00		0.00
Sched. Pmts - 60+Day Delinquent Loans, 2 Month Prior							0.00		0.00		0.00		0.00
Sched. Pmts - 60+Day Delinquent Loans, 3 Month Prior							0.00		0.00		0.00		0.00
Sched. Pmts - 60+Day Delinquent Loans, 4 Month Prior							0.00		0.00		0.00		0.00
Sched. Pmts - 60+Day Delinquent Loans, 5 Month Prior							0.00		0.00		0.00		0.00
Sched. Pmts - 60+Day Delinquent Loans, 6 Month Prior							0.00		0.00		0.00		0.00
Sched. Pmts - 60+Day Delinquent Loans, 7 Month Prior							0.00		0.00		0.00		0.00
Sched. Pmts - 60+Day Delinquent Loans, 8 Month Prior							0.00		0.00		0.00		0.00
Sched. Pmts - 60+Day Delinquent Loans, 9 Month Prior							0.00		0.00		0.00		0.00
Sched. Pmts - 60+Day Delinquent Loans, 10 Month Prior							0.00		0.00		0.00		0.00
Sched. Pmts - 60+Day Delinquent Loans, 11 Month Prior							0.00		0.00		0.00		0.00




Page 28 of 28

Morgan Stanley ABS Capital I Inc. Trust 2004-HE9 8-K