UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 8-K CURRENT REPORT Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Date of Report (Date of earliest event reported): ~~September~~December 27, 2004 (Date of earliest event reported) MORGAN STANLEY ABS CAPITAL I INC. (as Depositor under the Pooling Agreement, dated as January 1, 2004, providing for the issuance of Morgan Stanley ABS Capital I Inc. Trust, Series 2004-SD1) (Exact name of registrant as specified in charter) DELAWARE (State or Other Jurisdiction of Incorporation) 333-104046-18 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. Trust, Series 2004-SD1, which was made on January 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 ~~September~~December 27, 2004. SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on behalf of the Registrant by the undersigned thereunto duly authorized. DEUTSCHE BANK NATIONAL TRUST COMPANY, IN ITS CAPACITY AS TRUSTEE UNDER THE POOLING AGREEMENT ON BEHALF OF MORGAN STANLEY ABS CAPITAL I INC., REGISTRANT Date: ~~Sep~~Dec 27, 2004 By: /s/ Katherine M. Wannenmacher Katherine M. Wannenmacher Vice President EXHIBIT INDEX DOCUMENT 99.1 Monthly Remittance Statement to the Certificateholders dated as of ~~September~~December 27, 2004.

	Morgan Stanley ABS Capital I Inc. 2004-SD1
	Mortgage Pass-Through Certificates
	September 27, 2004 Distribution
	December 27, 2004 Distribution
	Contents
			TABLE OF CONTENTS
								Page
			1.	Contents				1
			2.	Certificate Payment Report				2
			3.	Collection Account Report				6
			4.	Credit Enhancement Report				9
			5.	Collateral Report				10
			6.	Delinquency Report				13
			7.	REO Report				17
			8.	Foreclosure Report				18
			9.	Prepayment Report				19
			10.	Prepayment Detail Report				22
			11.	Realized Loss Report				23
			12.	Realized Loss Detail Report				26
			13.	Triggers, Adj. Rate Cert. and Miscellaneous Report				27
				Total Number of Pages				27
			CONTACTS
				Administrator: Kumar Khambhaita
				Direct Phone Number: (714)247-6327
				Address: Deutsche Bank
				1761 E. St. Andrew Place, Santa Ana, CA 92705
				Web Site: https://www.corporatetrust.db.com/invr
				Web Site: https://www.tss.db.com/invr
				Factor Information: (800) 735-7777
				Main Phone Number: (714) 247-6000
ISSUANCE INFORMATION
	Seller:		Morgan Stanley					Cut-Off Date: January 1, 2004
	Certificate Insurer(s):							Closing Date: January 30, 2004
								First Payment Date: February 25, 2004
	Servicer(s):		Bank of America NT&SA Master Servicer
			Washington Mutual Bank Master Servicer
			Wilshire Credit Corp Master Servicer
								Distribution Date: September 27, 2004
								Distribution Date: December 27, 2004
	Underwriter(s):		Morgan Stanley Dean Witter					Record Date: ~~September~~December 24, 2004
			Utendahl Capital Partners, L.P.
			Blaylock & Partners, L.P.
						Page 1 of 27					© COPYRIGHT 2004 Deutsche Bank
	Morgan Stanley ABS Capital I Inc. 2004-SD1
	Mortgage Pass-Through Certificates
	REMIC II Series 2004-SD1
	Certificate Payment Report for September 27, 2004 Distribution
	Certificate Payment Report for December 27, 2004 Distribution
	Distribution in Dollars - Current Period
					Prior						Current
	Class	Original			Principal			Total	Realized	Deferred	Principal
Class	Type	Face Value			Balance	Interest	Principal	Distribution	Losses	Interest	Balance
					(1)	(2)	(3)	(4)=(2)+(3)	(5)	(6)	(7)=(1)-(3)-(5)+(6)
A		230,065,000.00			~~168~~145,~~131~~992,~~689~~132.4682	~~310~~324,~~553~~345.2486	83,~~074~~972,~~497~~328.9922	84,~~385~~296,~~051~~674.2308	-	-	~~160~~142,~~057~~019,~~191~~804.4760
M-1		10,517,000.00			10,517,000.00	2226,~~317~~082.9516	-	2226,~~317~~082.9516	-	-	10,517,000.00
M-2		8,545,000.00			8,545,000.00	2527,~~182~~813.8398	-	2527,~~182~~813.8398	-	-	8,545,000.00
B		8,545,000.00			8,545,000.00	3032,~~274~~596.2280	-	3032,~~274~~596.2280	-	-	8,545,000.00
X		5,261,431.79			5,258,670.64	~~651~~511,~~144~~309.4499	-	~~651~~511,~~144~~309.4499	-	-	5,258,670.64
UT-R		-			-	-	-	-	-	-	-
P		100.00			100.00	3813,~~466~~552.6958	-	3813,~~466~~552.6958	-	-	100.00
Total		262,933,531.79			~~200~~178,~~997~~857,~~460~~903.1046	1935,~~077,939~~701.37	83,~~074~~972,~~497~~328.9922	94,~~152~~908,~~437~~029.3659	-	-	~~192~~174,~~922~~885,~~962~~575.1124
	Interest Accrual Detail				Current Period Factor Information per $1,000 of Original Face
						Orig. Principal	Prior				Current
	Period	Period				(with Notional)	Principal			Total	Principal
Class	Starting	Ending		Method	Cusip	Balance	Balance	Interest	Principal	Distribution	Balance
							(1)	(2)	(3)	(4)=(2)+(3)	(5)
A	0811/2526/04	0912/26/04		A-Act/360	61744CBD7	230,065,000.00	~~730~~634.~~800815~~569069	1.~~349850~~409801	3517.~~096594~~266113	3618.~~446444~~675914	~~695~~617.~~704220~~302956
M-1	0811/2526/04	0912/26/04		A-Act/360	61744CBE5	10,517,000.00	1,000.000000	2.~~122083~~480000	-	2.~~122083~~480000	1,000.000000
M-2	0811/2526/04	0912/26/04		A-Act/360	61744CBF2	8,545,000.00	1,000.000000	23.~~947084~~255001	-	23.~~947084~~255001	1,000.000000
B	0811/2526/04	0912/26/04		A-Act/360	61744CBG0	8,545,000.00	1,000.000000	3.~~542916~~814722	-	3.~~542916~~814722	1,000.000000
X	0811/2526/04	0912/26/04		A-Act/360	MS04S1101	5,261,431.79	3934,~~201~~993.~~521368~~625585	~~123~~97.~~758031~~180769	-	~~123~~97.~~758031~~180769	3734,~~666~~238.~~863443~~635617
UT-R	0811/2526/04	0912/26/04		A-Act/360	MS04S1103	-	-	-	-	-	-
P	0811/2526/04	0912/26/04		A-Act/360	MS04S1102	100.00	1,000.000000	~~384~~135,~~666~~525.~~900000~~800000	-	~~384~~135,~~666~~525.~~900000~~800000	1,000.000000
							Page 2 of 27				© COPYRIGHT 2004 Deutsche Bank
	Morgan Stanley ABS Capital I Inc. 2004-SD1
	Mortgage Pass-Through Certificates
	REMIC II Series 2004-SD1
	Certificate Payment Report for September 27, 2004 Distribution
	Certificate Payment Report for December 27, 2004 Distribution
	Distribution in Dollars - to Date
											Current
	Original				Unscheduled	Scheduled	Total	Total	Realized	Deferred	Principal
Class	Face Value		Interest		Principal	Principal	Principal	Distribution	Losses	Interest	Balance
	(1)		(2)		(3)	(4)	(5)=(3)+(4)	(6)=(2)+(5)	(7)	(8)	(9)=(1)-(5)-(7)+(8)
A	230,065,000.00		23,~~158~~074,~~656~~749.8281		6784,~~452~~651,~~745~~978.2441	23,~~555~~393,~~063~~216.2999	7088,~~007~~045,~~808~~195.5340	7291,~~166~~119,~~465~~945.3521	-	-	~~160~~142,~~057~~019,~~191~~804.4760
M-1	10,517,000.00		~~136~~207,~~395~~864.2713		-	-	-	~~136~~207,~~395~~864.2713	-	-	10,517,000.00
M-2	8,545,000.00		~~162~~239,~~303~~811.9787		-	-	-	~~162~~239,~~303~~811.9787	-	-	8,545,000.00
B	8,545,000.00		~~199~~291,~~486~~034.5838		-	-	-	~~199~~291,~~486~~034.5838	-	-	8,545,000.00
X	5,261,431.79		78,~~034~~709,~~568~~821.9316		2,612.21	148.94	2,761.15	78,~~037~~712,~~330~~582.0831	-	-	5,258,670.64
UT-R	-		-		-	-	-	-	-	-	-
P	100.00		~~322~~419,~~617~~467.1724		-	-	-	~~322~~419,~~617~~467.1724	-	-	100.00
Total	262,933,531.79		1012,~~014~~942,~~028~~748.7459		6784,~~455~~654,~~357~~590.4562	23,~~555~~393,~~212~~365.2393	7088,~~010~~047,~~569~~956.6855	80100,~~024~~990,~~598~~705.4214	-	-	~~192~~174,~~922~~885,~~962~~575.1124
	Interest Detail
	Pass-	Prior Principal				Non-	Prior	Unscheduled		Paid or	Current
	Through	(with Notional)			Accrued	Supported	Unpaid	Interest	Optimal	Deferred	Unpaid
Class	Rate	Balance			Interest	Interest SF	Interest	Adjustments	Interest	Interest	Interest
					(1)	(2)	(3)	(4)	(5)=(1)-(2)+(3)+(4)	(6)	(7)=(5)-(6)
A	2.~~01500~~58000%	~~168~~145,~~131~~992,~~689~~132.4682			~~310~~324,~~553~~345.2486	-	-	-	~~310~~324,~~553~~345.2486	~~310~~324,~~553~~345.2486	-
M-1	2.~~31500~~88000%	10,517,000.00			2226,~~317~~082.9516	-	-	-	2226,~~317~~082.9516	2226,~~317~~082.9516	-
M-2	3.~~21500~~78000%	8,545,000.00			2527,~~182~~813.8398	-	-	-	2527,~~182~~813.8398	2527,~~182~~813.8398	-
B	34.~~86500~~43000%	8,545,000.00			3032,~~274~~596.2280	-	-	-	3032,~~274~~596.2280	3032,~~274~~596.2280	-
X	3.~~93175~~43174%	~~206~~184,~~256~~116,~~130~~574.7410			~~651~~511,~~144~~309.4499	-	-	-	~~651~~511,~~144~~309.4499	~~651~~511,~~144~~309.4499	-
UT-R		-			-	-	-	-	-	-	-
P		100.00			3813,~~466~~552.6958	-	-	-	3813,~~466~~552.6958	3813,~~466~~552.6958	-
Total		~~401~~357,~~994~~715,~~920~~806.2092			1935,~~077,939~~701.37	-	-	-	1935,~~077,939~~701.37	1935,~~077,939~~701.37	-
							Page 3 of 27				© COPYRIGHT 2004 Deutsche Bank
	Morgan Stanley ABS Capital I Inc. 2004-SD1
	Mortgage Pass-Through Certificates
	REMIC I Series 2004-SD1
	Certificate Payment Report for September 27, 2004 Distribution
	Certificate Payment Report for December 27, 2004 Distribution
	Distribution in Dollars - Current Period
					Prior						Current
	Class	Original			Principal			Total	Realized	Deferred	Principal
Class	Type	Face Value			Balance	Interest	Principal	Distribution	Losses	Interest	Balance
					(1)	(2)	(3)	(4)=(2)+(3)	(5)	(6)	(7)=(1)-(3)-(5)+(6)
REMIC I		262,933,531.79			~~200~~178,~~997~~857,~~460~~903.1046	1935,~~077,939~~701.37	83,~~074~~972,~~497~~328.9922	94,~~152~~908,~~437~~029.3659	-	-	~~192~~174,~~922~~885,~~962~~575.1124
Total		262,933,531.79			~~200~~178,~~997~~857,~~460~~903.1046	1935,~~077,939~~701.37	83,~~074~~972,~~497~~328.9922	94,~~152~~908,~~437~~029.3659	-	-	~~192~~174,~~922~~885,~~962~~575.1124
	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)
REMIC I	0811/2526/04	0912/26/04		A-Act/360		262,933,531.79	~~764~~680.~~442096~~239992	43.~~099665~~558699	3015.~~709274~~107728	3418.~~808939~~666427	~~733~~665.~~732821~~132264
							Page 4 of 27				© COPYRIGHT 2004 Deutsche Bank
	Morgan Stanley ABS Capital I Inc. 2004-SD1
	Mortgage Pass-Through Certificates
	REMIC I Series 2004-SD1
	Certificate Payment Report for September 27, 2004 Distribution
	Certificate Payment Report for December 27, 2004 Distribution
	Distribution in Dollars - to Date
											Current
	Original				Unscheduled	Scheduled	Total	Total	Realized	Deferred	Principal
Class	Face Value		Interest		Principal	Principal	Principal	Distribution	Losses	Interest	Balance
	(1)		(2)		(3)	(4)	(5)=(3)+(4)	(6)=(2)+(5)	(7)	(8)	(9)=(1)-(5)-(7)+(8)
REMIC I	262,933,531.79		1012,~~014~~942,~~028~~748.7459		6784,~~416~~575,~~583~~230.2659	23,~~593~~472,~~986~~725.4296	7088,~~010~~047,~~569~~956.6855	80100,~~024~~990,~~598~~705.4214	-	-	~~192~~174,~~922~~885,~~962~~575.1124
Total	262,933,531.79		1012,~~014~~942,~~028~~748.7459		6784,~~416~~575,~~583~~230.2659	23,~~593~~472,~~986~~725.4296	7088,~~010~~047,~~569~~956.6855	80100,~~024~~990,~~598~~705.4214	-	-	~~192~~174,~~922~~885,~~962~~575.1124
	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)
REMIC I	6.~~25016~~18815%	~~200~~178,~~997~~857,~~460~~903.1046			1935,~~077,939~~701.37	-	-	-	1935,~~077,939~~701.37	1935,~~077,939~~701.37	-
Total		~~200~~178,~~997~~857,~~460~~903.1046			1935,~~077,939~~701.37	-	-	-	1935,~~077,939~~701.37	1935,~~077,939~~701.37	-
							Page 5 of 27				© COPYRIGHT 2004 Deutsche Bank
	Morgan Stanley ABS Capital I Inc. 2004-SD1
	Mortgage Pass-Through Certificates
	Collection Account Report for September 27, 2004 Distribution
	Collection Account Report for December 27, 2004 Distribution
	Collection Account Report
SUMMARY					B OF A	WAMU	WILSHIRE	TOTAL
	Principal Collections				2449,~~833,189~~814.5632	~~667~~1,~~620~~636,024.2246	41,~~565~~886,~~590~~489.6044	83,~~066~~972,~~400~~328.3822
	Principal Other Accounts				0.00	0.00	0.00	0.00
	TOTAL NET PRINCIPAL				2449,~~833,189~~814.5632	~~667~~1,~~620~~636,024.2246	41,~~565~~886,~~590~~489.6044	83,~~066~~972,~~400~~328.3822
	Interest Collections				~~338~~307,~~654~~862.5965	~~192~~177,~~223~~873.3877	~~526~~442,~~423~~833.3616	1928,~~057,301~~569.3358
	Interest Withdrawals				0.00	0.00	0.00	0.00
	Interest Fees				(21,~~574~~665.9067)	(1,~~996~~792.0988)	(52,~~160~~962.0524)	(96,~~731~~420.0479)
	TOTAL NET INTEREST				~~336~~306,~~079~~196.6998	~~190~~176,~~227~~080.2989	~~521~~439,~~263~~870.3192	1922,~~047,570~~148.2979
	TOTAL PRINCIPAL & INTEREST DISTRIBUTABLE				3756,~~169,269~~011.2530	~~857~~1,~~847~~812,105.5135	52,~~086~~326,~~853~~360.9136	94,~~113~~894,~~970~~477.6701
	Prepayment Penalties Collected				0.00	0.00	3813,~~466~~552.6958	3813,~~466~~552.6958
	TOTAL AVAILABLE FUNDS FOR DISTRIBUTION				3756,~~169,269~~011.2530	~~857~~1,~~847~~812,105.5135	52,~~125~~339,~~320~~912.6094	94,~~152~~908,~~437~~029.3659
	NOTE: Grp1 = Wilshire, Grp2 = WAMU, Grp3 = B of A
PRINCIPAL - COLLECTIONS					B OF A	WAMU	WILSHIRE	TOTAL
	Scheduled Principal Received				~~153~~151,~~735~~225.1991	5856,~~447~~224.1647	7769,~~714~~567.1654	~~289~~277,~~896~~017.5192
	Prepayments In Full				2238,~~616,917~~928.8105	~~593~~1,~~795~~562,868.0102	41,~~344~~813,~~469~~499.0900	73,~~555~~615,~~181~~295.9107
	Curtailments				6259,~~536~~660.5636	1516,~~378~~931.0597	43,~~890~~422.6590	8280,~~805~~015.2623
	Liquidations				0.00	0.00	~~146,614~~0.3100	~~146,614~~0.3100
	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	~~(8,097~~0.~~61)~~00	~~(8,097~~0.~~61)~~00
	Delinquent Principal				(~~143~~140,~~163~~350.0431)	(4748,~~111~~835.4127)	(7063,~~029~~192.2373)	(~~260~~252,~~303~~378.6831)
	Advanced Principal				~~143~~140,~~163~~350.0431	4748,~~111~~835.4127	7063,~~029~~192.2373	~~260~~252,~~303~~378.6831
	TOTAL PRINCIPAL COLLECTED				2449,~~833,189~~814.5632	~~667~~1,~~620~~636,024.2246	41,~~565~~886,~~590~~489.6044	83,~~066~~972,~~400~~328.3822
	NOTE: Grp1 = Wilshire, Grp2 = WAMU, Grp3 = B of A
				Page 6 of 27				© COPYRIGHT 2004 Deutsche Bank
	Morgan Stanley ABS Capital I Inc. 2004-SD1
	Mortgage Pass-Through Certificates
	Collection Account Report for September 27, 2004 Distribution
	Collection Account Report for December 27, 2004 Distribution
	Collection Account Report
PRINCIPAL - WITHDRAWALS					B OF A	WAMU	WILSHIRE	TOTAL
SPACE INTENTIONALLY LEFT BLANK
PRINCIPAL - OTHER ACCOUNTS					B OF A	WAMU	WILSHIRE	TOTAL
SPACE INTENTIONALLY LEFT BLANK
INTEREST - COLLECTIONS					B OF A	WAMU	WILSHIRE	TOTAL
	Scheduled Interest				~~352~~321,~~624~~456.3608	~~200~~185,~~717~~848.2962	~~551~~466,~~944~~004.6669	1973,~~105,286~~309.3139
	Liquidation Interest				0.00	0.00	~~940~~0.7800	~~940~~0.7800
	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
	Net Prepayment Interest Shortfalls				0.00	0.00	0.00	0.00
	Delinquent Interest				(~~317~~305,~~038~~821.8418)	(~~172~~162,~~421~~111.2068)	(~~483~~428,~~381~~160.0391)	(~~972~~896,~~841~~093.0777)
	Interest Advanced				~~303~~292,~~069~~227.0775	~~163~~154,~~927~~136.2983	~~457~~405,~~185~~181.4645	~~924~~851,~~181~~546.8203
	TOTAL INTEREST COLLECTED				~~336~~306,~~079~~196.6998	~~190~~176,~~227~~080.2989	~~521~~439,~~263~~870.3192	1922,~~047,570~~148.2979
	NOTE: Grp1 = Wilshire, Grp2 = WAMU, Grp3 = B of A
				Page 7 of 27				© COPYRIGHT 2004 Deutsche Bank
	Morgan Stanley ABS Capital I Inc. 2004-SD1
	Mortgage Pass-Through Certificates
	Collection Account Report for September 27, 2004 Distribution
	Collection Account Report for December 27, 2004 Distribution
	Collection Account Report
INTEREST - WITHDRAWALS					B OF A	WAMU	WILSHIRE	TOTAL
	Trust Fund Expenses				0.00	0.00	0.00	0.00
	Nonrecoverable Advances				0.00	0.00	0.00	0.00
	Reimbursements to Master Servicer				0.00	0.00	0.00	0.00
	TOTAL INTEREST WITHDRAWALS				0.00	0.00	0.00	0.00
INTEREST - OTHER ACCOUNTS					B OF A	WAMU	WILSHIRE	TOTAL
SPACE INTENTIONALLY LEFT BLANK
INTEREST - FEES					B OF A	WAMU	WILSHIRE	TOTAL
	Current Servicing Fees				~~1,550~~720.5692	1,~~388~~227.0594	42,~~028~~012.7163	63,~~967~~961.3249
	Trustee Fees				~~1,024~~944.3475	~~608~~564.0494	~~1,131~~949.3461	2,~~763~~459.7230
	TOTAL INTEREST OTHER FEES				21,~~574~~665.9067	1,~~996~~792.0988	52,~~160~~962.0524	96,~~731~~420.0479
	NOTE: Grp1 = Wilshire, Grp2 = WAMU, Grp3 = B of A
				Page 8 of 27				© COPYRIGHT 2004 Deutsche Bank
	Morgan Stanley ABS Capital I Inc. 2004-SD1
	Mortgage Pass-Through Certificates
	Credit Enhancement Report for September 27, 2004 Distribution
	Credit Enhancement Report for December 27, 2004 Distribution
	Credit Enhancement Report
ACCOUNTS					B OF A	WAMU	WILSHIRE	TOTAL
	Beginning Excess Reserve Fund Balance							0.00
	Total Deposits to Excess Reserve Fund:							0.00
	(1) Basis Risk Payment to Reserve Fund							0.00
	(2) Interest Cap Payments							0.00
	Amt Withdrawn							0.00
	Ending Excess Reserve Fund Balance							0.00
INSURANCE					B OF A	WAMU	WILSHIRE	TOTAL
SPACE INTENTIONALLY LEFT BLANK
STRUCTURAL FEATURES					B OF A	WAMU	WILSHIRE	TOTAL
	Target OC Amount							5,258,670.64
	OC Amount (For Calculating Deficiency/Release)							5,~~250~~258,~~573~~670.0364
	OC Release Amount							0.00
	OC Deficiency							~~8,097~~0.6100
	OC Amount After Distributions							5,258,670.64
	Senior Enhancement Percentage							1718.0479%
				Page 9 of 27				© COPYRIGHT 2004 Deutsche Bank
	Morgan Stanley ABS Capital I Inc. 2004-SD1
	Mortgage Pass-Through Certificates
	Collateral Report for September 27, 2004 Distribution
	Collateral Report for December 27, 2004 Distribution
	Collateral Report
COLLATERAL					B OF A	WAMU	WILSHIRE	TOTAL
	Loan Count:
	Original				383	246	785	1414
	Prior				~~335~~313	~~207~~198	~~615~~531	1,~~157~~042
	Prefunding				-	-	-	-
	Scheduled Paid Offs				-	-	-	-
	Full Voluntary Prepayments				(102)	(36)	(2815)	(4123)
	Repurchases				-	-	-	-
	Liquidations				-	-	~~(1)~~-	~~(1)~~-
	Current				~~325~~311	~~204~~192	~~586~~516	1,~~115~~019
	Principal Balance:
	Original				91,263,756.30	58,851,338.26	112,818,437.23	262,933,531.79
	Prior				7468,~~497~~708,~~589~~885.1801	4441,~~220~~086,~~882~~297.7797	8269,~~278~~062,~~988~~720.1548	~~200~~178,~~997~~857,~~460~~903.1046
	Prefunding				-	-	-	-
	Scheduled Principal				(~~153~~151,~~735~~225.1991)	(5856,~~447~~224.1647)	(7769,~~714~~567.1654)	(~~289~~277,~~896~~017.5192)
	Partial and Full Voluntary Prepayments				(2298,~~679,454~~588.3741)	(~~609~~1,~~173~~579,799.0699)	(41,~~349~~816,~~359~~921.7490)	(73,~~637~~695,~~987~~310.1730)
	Repurchases				-	-	-	-
	Liquidations				-	-	~~(146,614.31)~~-	~~(146,614.31)~~-
	Current				7168,~~664~~259,~~399~~070.6269	4339,~~553~~450,~~262~~273.5551	7767,~~705~~176,~~299~~231.9404	~~192~~174,~~922~~885,~~962~~575.1124
PREFUNDING					B OF A	WAMU	WILSHIRE	TOTAL
SPACE INTENTIONALLY LEFT BLANK
	Wilshire		B of A
	WAMU
Current Prin Balance by Groups (in millions of dollars)					Total Current Principal Balance (in millions of dollars)
				Page 10 of 27				© COPYRIGHT 2004 Deutsche Bank
	Morgan Stanley ABS Capital I Inc. 2004-SD1
	Mortgage Pass-Through Certificates
	Collateral Report for September 27, 2004 Distribution
	Collateral Report for December 27, 2004 Distribution
	Collateral Report
CHARACTERISTICS					B OF A	WAMU	WILSHIRE	TOTAL
	Weighted Average Coupon Original				5.722184%	5.492453%	8.002143%	6.649040%
	Weighted Average Coupon Prior				5.~~662238~~614188%	5.~~443675~~418690%	8.~~077006~~090375%	6.~~610727~~554598%
	Weighted Average Coupon Current				5.~~680039~~614227%	5.~~446765~~428047%	8.~~062934~~108650%	6.~~604163~~534635%
	Weighted Average Months to Maturity Original				302	320	328	317
	Weighted Average Months to Maturity Prior				~~293~~290	~~309~~304	~~320~~317	~~308~~304
	Weighted Average Months to Maturity Current				~~292~~290	~~307~~302	~~319~~316	~~306~~303
	Weighted Avg Remaining Amortization Term Original				302	319	331	318
	Weighted Avg Remaining Amortization Term Prior				~~293~~290	~~308~~304	~~322~~319	~~308~~304
	Weighted Avg Remaining Amortization Term Current				~~292~~289	~~307~~302	~~321~~318	~~307~~303
	Weighted Average Seasoning Original				14.78	29.32	15.23	18.20
	Weighted Average Seasoning Prior				2022.4935	3741.8826	2124.5376	2427.7463
	Weighted Average Seasoning Current				2023.9931	3842.9790	2225.5070	2528.6665
Note: Original information refers to deal issue.
	Wilshire		B of A
	WAMU
WAC by Groups					Total WAC
WARAT by Groups					Total WARAT
Note: Dates correspond to distribution dates.
				Page 11 of 27				© COPYRIGHT 2004 Deutsche Bank
	Morgan Stanley ABS Capital I Inc. 2004-SD1
	Mortgage Pass-Through Certificates
	Collateral Report for September 27, 2004 Distribution
	Collateral Report for December 27, 2004 Distribution
	Collateral Report
ARM CHARACTERISTICS					B OF A	WAMU	WILSHIRE	TOTAL
	Weighted Average Margin Original				0.793%	1.883%	3.968%
	Weighted Average Margin Prior				0.~~755~~711%	1.~~832~~805%	3.~~848~~724%
	Weighted Average Margin Current				0.~~729~~708%	1.~~824~~804%	3.~~827~~704%
	Weighted Average Max Rate Original				3.476%	7.536%	9.720%
	Weighted Average Max Rate Prior				3.~~285~~085%	7.~~389~~268%	9.~~464~~226%
	Weighted Average Max Rate Current				3.~~168~~076%	7.~~346~~262%	9.~~414~~168%
	Weighted Average Min Rate Original				0.827%	2.060%	5.155%
	Weighted Average Min Rate Prior				0.~~775~~732%	2.~~026~~002%	54.~~058~~942%
	Weighted Average Min Rate Current				0.~~749~~730%	2.~~013~~002%	54.~~026~~917%
	Weighted Average Cap Up Original				0.699%	1.397%	0.932%
	Weighted Average Cap Up Prior				0.~~665~~629%	1.~~364~~345%	0.~~900~~874%
	Weighted Average Cap Up Current				0.~~642~~627%	1.~~357~~344%	0.~~896~~867%
	Weighted Average Cap Down Original				0.699%	1.397%	0.932%
	Weighted Average Cap Down Prior				0.~~665~~629%	1.~~364~~345%	0.~~900~~874%
	Weighted Average Cap Down Current				0.~~642~~627%	1.~~357~~344%	0.~~896~~867%
Note: Original information refers to deal issue.
SERVICING FEES / ADVANCES					B OF A	WAMU	WILSHIRE	TOTAL
	Current Servicing Fees				~~1,550~~720.5692	1,~~388~~227.0594	42,~~028~~012.7163	63,~~967~~961.3249
	Delinquent Servicing Fees				13,~~969~~593.7743	87,~~493~~974.9185	2622,~~195~~979.5746	4844,~~659~~547.2574
	TOTAL SERVICING FEES				1514,~~520~~314.3335	9,~~881~~202.9679	3024,~~224~~992.2809	5548,~~626~~509.5723
	Prepayment Interest Shortfall				~~4,039~~426.3027	04,102.0089	145,~~843~~732.4054	1810,~~882~~261.70
	Compensating Interest				(~~4,039~~426.3027)	0(4,102.0089)	(145,~~843~~732.4054)	(1810,~~882~~261.70)
	Delinquent Servicing Fees				(13,~~969~~593.7743)	(87,~~493~~974.9185)	(2622,~~195~~979.5746)	(4844,~~659~~547.2574)
	COLLECTED SERVICING FEES				~~1,550~~720.5692	1,~~388~~227.0594	42,~~028~~012.7163	63,~~967~~961.3249
	Aggregate Advances with respect to this Distribution				~~446~~432,~~232~~578.1106	~~211~~202,~~038~~972.7010	~~527~~468,~~214~~374.6918	1,~~184~~103,~~485~~924.5034
	Current Nonrecoverable Advances				0.00	0.00	0.00	0.00
	NOTE: Grp1 = Wilshire, Grp2 = WAMU, Grp3 = B of A
ADDITIONAL COLLATERAL INFORMATION					B OF A	WAMU	WILSHIRE	TOTAL
	Net Prepayment Interest Shortfall							0.00
	Monthly Excess Cash Flow							~~659~~511,~~242~~309.0599
	Ending Pool Stated Principal Balance				7168,~~664~~259,~~399~~070.6269	4339,~~553~~450,~~262~~273.5551	7767,~~705~~176,~~299~~231.9404	~~192~~174,~~922~~885,~~962~~575.1124
				Page 12 of 27				© COPYRIGHT 2004 Deutsche Bank
	Morgan Stanley ABS Capital I Inc. 2004-SD1
	Mortgage Pass-Through Certificates
	Delinquency Report for September 27, 2004 Distribution
	Delinquency Report for December 27, 2004 Distribution
	Delinquency Report - Total
				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			5,~~863~~239,~~115~~981.0654	31,~~115~~769,~~605~~916.4024	12,~~909~~148,~~421~~710.2394	109,~~888~~158,~~141~~608.6972
		% Balance			3.0400%	1.6101%	01.9923%	5.6424%
		# Loans			3834	1916	1619	7369
		% # Loans			3.4134%	1.7057%	1.4386%	6.5577%
FORECLOSURE		Balance		~~254,867.26~~-	-383,347.79	-	6,~~344~~920,~~693~~170.1706	67,~~599~~303,~~560~~517.4385
		% Balance		0.1300%	0.0022%	0.00%	3.2996%	34.4218%
		# Loans		1-	-2	-	4851	4953
		% # Loans		0.0900%	0.0020%	0.00%	45.3000%	45.3920%
BANKRUPTCY		Balance		1942,~~162,432~~706.1946	~~320~~118,~~007~~004.7449	-	2,~~577~~377,~~132~~522.8581	43,~~059~~438,~~572~~233.7876
		% Balance		0.6054%	0.1707%	0.00%	1.3436%	21.1097%
		# Loans		8	21	-	3331	4340
		% # Loans		0.7279%	0.1810%	0.00%	23.9604%	3.8693%
REO		Balance		-	-	-	~~756~~1,~~960~~725,526.4816	~~756~~1,~~960~~725,526.4816
		% Balance		0.00%	0.00%	0.00%	0.3999%	0.3999%
		# Loans		-	-	-	514	514
		% # Loans		0.00%	0.00%	0.00%	01.4537%	01.4537%
TOTAL		Balance		1942,~~417,299~~706.4546	65,~~183~~741,~~122~~333.8082	31,~~115~~769,~~605~~916.4024	1113,~~588~~171,~~207~~929.7397	2221,~~304~~625,~~235~~886.3849
		% Balance		0.7354%	3.2028%	1.6101%	67.0153%	1112.5637%
		# Loans		98	4037	1916	~~102~~115	~~170~~176
		% # Loans		0.8179%	3.5963%	1.7057%	911.1529%	1517.2527%
Note: <1 Payment = 0-30days, 1 Payment = 31-60days, 2 Payments = 61-90days, 3+ Payments = 91+
								6 Months Moving Average
1 or 2 Payments Delinquent					3 or More Payments Delinquent
Total Foreclosure					Total Bankruptcy and REO
Note: Dates correspond to distribution dates.
				Page 13 of 27				© COPYRIGHT 2004 Deutsche Bank
	Morgan Stanley ABS Capital I Inc. 2004-SD1
	Mortgage Pass-Through Certificates
	Delinquency Report for September 27, 2004 Distribution
	Delinquency Report for December 27, 2004 Distribution
	Delinquency Report - Wilshire Group
				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			43,~~977~~929,~~083~~608.5698	21,~~398~~769,~~609~~916.3624	1,~~756~~996,~~668~~376.1817	97,~~132~~695,~~361~~901.1039
		% Balance			65.4185%	32.0963%	2.2697%	11.7546%
		# Loans			3427	16	1518	6561
		% # Loans			5.8023%	23.7310%	23.5649%	11.0982%
FORECLOSURE		Balance		~~254,867.26~~-	-383,347.79	-	56,~~607~~090,~~701~~505.9829	56,~~862~~473,~~569~~853.2408
		% Balance		0.3300%	0.0057%	0.00%	79.2207%	79.5464%
		# Loans		1-	-2	-	4548	4650
		% # Loans		0.1700%	0.0039%	0.00%	79.6830%	79.8569%
BANKRUPTCY		Balance		~~440~~579,~~266~~687.3237	~~320~~118,~~007~~004.7449	-	2,~~577~~377,~~132~~522.8581	3,~~337~~075,~~406~~214.9167
		% Balance		0.5786%	0.4118%	0.00%	3.3254%	4.2958%
		# Loans		67	21	-	3331	4139
		% # Loans		1.0236%	0.3419%	0.00%	56.6301%	7.0056%
REO		Balance		-	-	-	~~756~~1,~~960~~725,526.4816	~~756~~1,~~960~~725,526.4816
		% Balance		0.00%	0.00%	0.00%	02.9757%	02.9757%
		# Loans		-	-	-	514	514
		% # Loans		0.00%	0.00%	0.00%	02.8571%	02.8571%
TOTAL		Balance		~~695~~579,~~133~~687.5837	54,~~297~~430,~~091~~961.3026	21,~~398~~769,~~609~~916.3624	1012,~~698~~189,~~463~~930.4943	1918,~~089~~970,~~297~~495.7330
		% Balance		0.8986%	6.8260%	32.0963%	1318.7715%	2428.5724%
		# Loans		7	3630	16	98111	~~157~~164
		% # Loans		1.1936%	65.1481%	23.7310%	1621.7251%	2631.7978%
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 14 of 27				© COPYRIGHT 2004 Deutsche Bank
	Morgan Stanley ABS Capital I Inc. 2004-SD1
	Mortgage Pass-Through Certificates
	Delinquency Report for September 27, 2004 Distribution
	Delinquency Report for December 27, 2004 Distribution
	Delinquency Report - WAMU Group
				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			~~493~~919,~~677~~161.0227	~~282,687.22~~-	152,~~753~~334.0577	~~929~~1,~~117~~071,496.2904
		% Balance			12.1333%	0.6500%	0.3539%	2.1372%
		# Loans			36	2-	1	67
		% # Loans			13.4713%	0.9800%	0.4952%	23.9465%
FORECLOSURE		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
BANKRUPTCY		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
REO		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
TOTAL		Balance		-	~~493~~919,~~677~~161.0227	~~282,687.22~~-	152,~~753~~334.0577	~~929~~1,~~117~~071,496.2904
		% Balance		0.00%	12.1333%	0.6500%	0.3539%	2.1372%
		# Loans		-	36	2-	1	67
		% # Loans		0.00%	13.4713%	0.9800%	0.4952%	23.9465%
Note: <1 Payment = 0-30days, 1 Payment = 31-60days, 2 Payments = 61-90days, 3+ Payments = 91+
								6 Months Moving Average
1 or 2 Payments Delinquent					3 or More Payments Delinquent
Total Foreclosure					Total Bankruptcy and REO
Note: Dates correspond to distribution dates.
				Page 15 of 27				© COPYRIGHT 2004 Deutsche Bank
	Morgan Stanley ABS Capital I Inc. 2004-SD1
	Mortgage Pass-Through Certificates
	Delinquency Report for September 27, 2004 Distribution
	Delinquency Report for December 27, 2004 Distribution
	Delinquency Report - B of A Group
				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			~~392~~391,~~354~~211.4829	~~434,308.82~~-	-	~~826~~391,~~663~~211.3029
		% Balance			0.5557%	0.6100%	0.00%	10.1557%
		# Loans			1	1-	-	21
		% # Loans			0.3132%	0.3100%	0.00%	0.6232%
FORECLOSURE		Balance		-	-	-	~~736~~829,~~991~~664.1977	~~736~~829,~~991~~664.1977
		% Balance		0.00%	0.00%	0.00%	1.0322%	1.0322%
		# Loans		-	-	-	3	3
		% # Loans		0.00%	0.00%	0.00%	0.9296%	0.9296%
BANKRUPTCY		Balance		~~722~~363,~~165~~019.8709	-	-	-	~~722~~363,~~165~~019.8709
		% Balance		10.0153%	0.00%	0.00%	0.00%	10.0153%
		# Loans		21	-	-	-	21
		% # Loans		0.6232%	0.00%	0.00%	0.00%	0.6232%
REO		Balance		-	-	-	-	-
		% Balance		0.00%	0.00%	0.00%	0.00%	0.00%
		# Loans		-	-	-	-	-
		% # Loans		0.00%	0.00%	0.00%	0.00%	0.00%
TOTAL		Balance		~~722~~363,~~165~~019.8709	~~392~~391,~~354~~211.4829	~~434,308.82~~-	~~736~~829,~~991~~664.1977	21,~~285~~583,~~820~~895.3615
		% Balance		10.0153%	0.5557%	0.6100%	1.0322%	32.1932%
		# Loans		21	1	1-	3	75
		% # Loans		0.6232%	0.3132%	0.3100%	0.9296%	21.1561%
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 16 of 27				© COPYRIGHT 2004 Deutsche Bank
	Morgan Stanley ABS Capital I Inc. 2004-SD1
	Mortgage Pass-Through Certificates
	REO Report for September 27, 2004 Distribution
	REO Report for December 27, 2004 Distribution
	REO Report - Mortgage Loans that Become REO During Current Distribution
SUMMARY				LOAN GROUP
Total Loan Count = 4				Loan Group 1 = Wilshire; REO Book Value = Not Available
Total Loan Count = 3				Loan Group 1 = Wilshire; REO Book Value = Not Available
Total Original Principal Balance = 732,789.00				Loan Group 2 = WAMU; REO Book Value = Not Available
Total Original Principal Balance = 322,600.00				Loan Group 2 = WAMU; REO Book Value = Not Available
Total Current Balance = 713,567.40				Loan Group 3 = B of A; REO Book Value = Not Available
Total Current Balance = 318,305.18				Loan Group 3 = B of A; REO Book Value = Not Available
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
177505 1		157,039.00	151,988.23	Jan-01-04	6.750%	CO - 95.18%	360	Oct-26-01
210248 1		90,400.00	89,357.32	Jun-01-04	9.350%	MI - 80.00%	360	Feb-04-03
312027 1		337,250.00	329,468.42	Oct-01-03	6.640%	CT - 95.00%	360	Dec-31-02
309976 1		188,100.00	185,356.22	Mar-01-04	7.900%	MN - 90.00%	360	Mar-31-03
767237 1		153,000.00	149,029.26	Feb-25-01	12.650%	IL - 87.43%	180	Sep-10-98
311935 1		44,100.00	43,591.64	Jul-01-03	0.000%	OH - 90.00%	360	Sep-05-02
767849 1		85,500.00	83,081.49	Aug-01-01	10.875%	NC - 75.00%	364	Jun-17-99
				Page 17 of 27				© COPYRIGHT 2004 Deutsche Bank
	Morgan Stanley ABS Capital I Inc. 2004-SD1
	Mortgage Pass-Through Certificates
	Foreclosure Report for September 27, 2004 Distribution
	Foreclosure Report for December 27, 2004 Distribution
	Foreclosure Report - Mortgage Loans that Become Foreclosure During Current Distribution
SUMMARY				LOAN GROUP
Total Loan Count = 22				Loan Group 1 = Wilshire
Total Loan Count = 14				Loan Group 1 = Wilshire
Total Original Principal Balance = 3,301,394.92				Loan Group 2 = WAMU
Total Original Principal Balance = 1,729,642.00				Loan Group 2 = WAMU
Total Current Balance = 3,190,150.73				Loan Group 3 = B of A
Total Current Balance = 1,690,493.67				Loan Group 3 = B of A
Loan Number		Original	Stated		Current	State &
&		Principal	Principal	Paid to	Note	LTV at	Original	Origination
Loan Group		Balance	Balance	Date	Rate	Origination	Term	Date
174448 1		33,750.00	33,059.93	Mar-01-04	10.950%	PA - 75.00%	360	Jan-30-02
177266 1		121,500.00	119,998.79	Jul-01-04	9.500%	NC - 90.00%	360	Dec-26-02
177048 1		76,940.00	76,410.12	Jan-01-04	10.745%	TN - 94.99%	360	Mar-26-03
177897 1		136,000.00	134,331.37	Jul-01-04	8.500%	CO - 74.73%	360	Apr-11-03
177255 1		85,500.00	84,335.18	Nov-01-03	8.250%	TX - 90.00%	360	Dec-30-02
210274 1		87,500.00	85,825.54	Nov-01-03	6.750%	NV - 70.00%	360	Feb-27-03
177317 1		268,000.00	262,925.84	Apr-01-04	6.240%	CA - 80.00%	360	Jan-30-03
309296 1		96,000.00	93,254.58	Jun-01-04	7.990%	MI - 80.00%	240	Jul-24-03
179286 1		84,750.00	82,980.41	Oct-01-03	7.500%	TX - 94.96%	360	Jun-21-02
311645 1		130,050.00	128,715.68	Sep-01-04	9.250%	MA - 85.00%	360	Jun-02-03
210273 1		48,000.00	45,899.50	Jan-01-04	10.750%	TN - 80.00%	180	Feb-10-03
311943 1		126,750.00	125,392.54	May-01-04	11.650%	MA - 65.00%	360	May-07-02
309279 1		49,500.00	49,093.51	Apr-01-04	8.510%	IN - 90.00%	360	Jul-14-03
311982 1		153,600.00	149,966.77	Dec-01-03	6.750%	WA - 80.00%	360	Dec-23-02
309296 1		96,000.00	93,791.79	Mar-01-04	7.990%	MI - 80.00%	240	Jul-24-03
312000 1		84,000.00	83,151.31	Jul-01-04	10.250%	SC - 70.00%	360	Jan-08-03
309976 1		188,100.00	185,791.09	Mar-01-04	7.900%	MN - 90.00%	360	Mar-31-03
312023 1		81,900.00	80,882.13	Jul-01-04	11.250%	MI - 65.00%	360	Dec-31-02
311614 1		416,500.00	413,154.95	Apr-01-04	9.000%	MN - 85.00%	360	May-29-03
312077 1		79,500.00	74,302.52	Jul-01-04	10.250%	MD - 72.94%	360	Apr-07-95
311926 1		51,000.00	50,487.60	May-01-03	11.500%	MI - 85.00%	360	Jun-03-02
312188 1		169,717.00	167,194.53	Jul-01-04	8.375%	MN - 90.00%	360	Jan-23-03
311954 1		414,704.92	407,100.02	Aug-01-03	9.750%	NC - 82.94%	360	Oct-22-01
767847 1		55,125.00	53,822.05	Nov-01-02	11.375%	NY - 52.50%	360	May-17-99
312131 1		85,500.00	84,018.92	Jan-01-04	7.375%	MO - 90.00%	360	Dec-06-02
768124 1		93,000.00	90,533.98	Mar-10-01	10.650%	FL - 78.00%	360	Apr-26-00
766877 1		210,600.00	175,861.22	May-01-02	5.000%	PA - 67.94%	360	Jul-18-93
29205788 3		315,000.00	303,121.88	Jul-01-04	8.125%	NM - 90.00%	360	Nov-15-00
767530 1		52,000.00	49,686.79	Mar-01-03	8.770%	MO - 80.00%	364	Nov-17-98
767832 1		67,680.00	66,010.59	Jun-01-01	11.610%	LA - 90.00%	360	Jun-17-99
768124 1		93,000.00	90,703.93	Mar-10-01	10.650%	FL - 78.00%	360	Apr-26-00
768732 1		137,520.00	135,120.81	Dec-01-01	13.550%	GA - 80.00%	120	Oct-18-99
769326 1		68,700.00	66,727.34	Dec-01-01	10.250%	SC - 79.98%	360	Mar-10-00
28136786 3		231,900.00	208,167.41	Feb-01-04	7.000%	MO - 74.81%	300	May-27-99
6201328330 3		289,750.00	281,358.75	Feb-01-04	5.250%	CA - 95.00%	360	Aug-21-02
7064247161 3		252,000.00	247,465.03	Feb-01-04	3.875%	FL - 80.00%	360	Aug-01-03
				Page 18 of 27				© COPYRIGHT 2004 Deutsche Bank
	Morgan Stanley ABS Capital I Inc. 2004-SD1
	Mortgage Pass-Through Certificates
	Prepayment Report for September 27, 2004 Distribution
	Prepayment Report for December 27, 2004 Distribution
	Prepayment Report - Voluntary Prepayments
VOLUNTARY PREPAYMENTS					B OF A	WAMU	WILSHIRE	TOTAL
	Current
	Number of Paid in Full Loans				102	36	2815	4123
	Number of Repurchased Loans				-	-	-	-
	Total Number of Loans Prepaid in Full				102	36	2815	4123
	Paid in Full Balance				2238,~~616,917~~928.8105	~~593~~1,~~795~~562,868.0102	41,~~344~~813,~~469~~499.0900	73,~~555~~615,~~181~~295.9107
	Repurchased Loans Balance				-	-	-	-
	Curtailments Amount				6259,~~536~~660.5636	1516,~~378~~931.0597	43,~~890~~422.6590	8280,~~805~~015.2623
	Total Prepayment Amount				2298,~~679,454~~588.3741	~~609~~1,~~173~~579,799.0699	41,~~349~~816,~~359~~921.7490	73,~~637~~695,~~987~~310.1730
	Cumulative
	Number of Paid in Full Loans				5872	4254	~~194~~261	~~294~~387
	Number of Repurchased Loans				-	-	-	-
	Total Number of Loans Prepaid in Full				5872	4254	~~194~~261	~~294~~387
	Paid in Full Balance				1720,~~911~~761,~~277~~870.4726	1418,~~382~~259,~~031~~929.3618	3343,~~522~~590,~~416~~000.7408	6582,~~815~~611,~~725~~799.5752
	Repurchased Loans Balance				-	-	-	-
	Curtailments Amount				~~357~~458,~~547~~127.5506	~~417~~472,~~566~~949.6375	~~650~~806,~~325~~870.1694	1,~~425~~737,~~439~~947.3475
	Total Prepayment Amount				1821,~~268~~219,~~825~~997.0232	1418,~~799~~732,~~597~~878.9993	3444,~~172~~396,~~741~~871.9002	6784,~~241~~349,~~164~~747.9127
SPACE INTENTIONALLY LEFT BLANK
Total Prepayments by Groups (in thousands of dollars)					Total Prepayments (in thousands of dollars)
				Page 19 of 27				© COPYRIGHT 2004 Deutsche Bank
	Morgan Stanley ABS Capital I Inc. 2004-SD1
	Mortgage Pass-Through Certificates
	Prepayment Report for September 27, 2004 Distribution
	Prepayment Report for December 27, 2004 Distribution
	Prepayment Report - Voluntary Prepayments
VOLUNTARY PREPAYMENT RATES					B OF A	WAMU	WILSHIRE	TOTAL
	SMM				30.6044%	13.3885%	52.2963%	32.8107%
	3 Months Avg SMM				21.9340%	3.2811%	54.0960%	3.9006%
	12 Months Avg SMM
	Avg SMM Since Cut-off				2.7841%	3.5845%	4.4348%	3.6549%
	CPR				355.6310%	1537.3557%	4727.9240%	~~37.~~22.19%
	3 Months Avg CPR				3015.0553%	3231.9858%	4643.5919%	3731.9810%
	12 Months Avg CPR
	Avg CPR Since Cut-off				2825.7335%	3534.4139%	4142.9630%	3634.0070%
	PSA				~~848~~109.7844%	~~255~~626.8822%	~~1064~~533.9314%	~~725~~387.4130%
	3 Months Avg PSA Approximation				~~740~~346.0680%	~~549~~526.7342%	~~1083~~871.8689%	~~769~~562.0226%
	12 Months Avg PSA Approximation
	Avg PSA Since Cut-off Approximation				~~797~~659.3384%	~~591~~574.7727%	~~1115~~1035.8022%	~~819~~738.9804%
	Wilshire		B of A
	WAMU
CPR by Groups					Total CPR
PSA by Groups					Total PSA
				Page 20 of 27				© COPYRIGHT 2004 Deutsche Bank
	Morgan Stanley ABS Capital I Inc. 2004-SD1
	Mortgage Pass-Through Certificates
	Prepayment Report for September 27, 2004 Distribution
	Prepayment Report for December 27, 2004 Distribution
	Prepayment Report - Voluntary Prepayments
	Wilshire		B of A
	WAMU
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 21 of 27				© COPYRIGHT 2004 Deutsche Bank
	Morgan Stanley ABS Capital I Inc. 2004-SD1
	Mortgage Pass-Through Certificates
	Prepayment Detail Report for September 27, 2004 Distribution
	Prepayment Detail Report for December 27, 2004 Distribution
	Prepayment Detail Report - Loans Prepaid in Full During Current Distribution
SUMMARY						LOAN GROUP
Total Loan Count = 41						Loan Group 1 = Wilshire
Total Loan Count = 23						Loan Group 1 = Wilshire
Total Original Principal Balance = 7,947,861.00						Loan Group 2 = WAMU
Total Original Principal Balance = 3,920,253.00						Loan Group 2 = WAMU
Total Prepayment Amount = 7,555,181.91						Loan Group 3 = B of A
Total Prepayment Amount = 3,615,295.07						Loan Group 3 = B of A
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
177264 1			331,500.00	320,751.09	Aug-09-04	8.250%	VA - 85.00%	Paid Off - 360	Dec-10-02
177291 1			211,500.00	208,022.82	Nov-10-04	7.550%	CA - 90.00%	Paid Off - 360	Jan-21-03
177269 1			347,000.00	342,525.20	Aug-30-04	8.250%	CA - 82.62%	Paid Off - 360	Dec-19-02
178121 1			160,800.00	157,414.99	Nov-16-04	7.375%	CA - 80.00%	Paid Off - 360	Oct-11-02
177330 1			76,000.00	74,518.28	Aug-26-04	7.750%	CA - 84.92%	Paid Off - 360	Jan-28-03
178128 1			85,000.00	84,194.53	Nov-24-04	9.500%	IL - 100.00%	Paid Off - 360	Apr-25-03
178132 1			99,000.00	98,643.11	Aug-04-04	12.990%	AZ - 20.00%	Paid Off - 180	May-05-03
179305 1			135,200.00	128,744.34	Nov-24-04	8.000%	UT - 85.03%	Paid Off - 360	Sep-27-00
179668 1			135,660.00	134,679.80	Aug-11-04	8.750%	NJ - 85.00%	Paid Off - 360	Jul-24-03
210271 1		FCL	164,050.00	162,509.53	Nov-11-04	10.100%	DE - 85.00%	Paid Off - 360	Feb-11-03
309278 1			125,800.00	124,588.75	Aug-06-04	7.750%	AR - 85.00%	Paid Off - 360	Jul-11-03
210272 1			162,000.00	160,040.22	Nov-23-04	8.850%	IL - 90.00%	Paid Off - 360	Feb-12-03
309996 1			141,000.00	139,360.49	Aug-19-04	7.850%	NY - 66.51%	Paid Off - 360	Apr-08-03
309275 1			72,250.00	71,610.01	Nov-08-04	8.875%	NY - 85.00%	Paid Off - 360	Jul-03-03
311499 1		FCL	108,800.00	107,613.70	Aug-03-04	8.500%	IL - 85.00%	Paid Off - 360	Feb-24-03
311607 1			112,050.00	110,912.33	Nov-29-04	8.600%	FL - 90.00%	Paid Off - 360	Jun-30-03
311598 1			254,700.00	252,246.25	Aug-06-04	7.700%	NJ - 90.00%	Paid Off - 360	Jun-25-03
311628 1			184,000.00	181,818.40	Nov-17-04	7.750%	MD - 80.00%	Paid Off - 360	Jun-13-03
311647 1			192,000.00	190,399.26	Aug-23-04	8.850%	TN - 80.00%	Paid Off - 360	Jun-20-03
311652 1			44,400.00	43,519.28	Nov-10-04	10.990%	CA - 20.00%	Paid Off - 240	May-27-03
311674 1			300,000.00	297,138.14	Aug-26-04	7.750%	TX - 75.00%	Paid Off - 360	Jun-20-03
311930 1		BK	72,100.00	71,426.81	Nov-11-04	12.950%	NV - 58.15%	Paid Off - 360	Jan-11-02
311734 1			31,300.00	30,802.47	Aug-05-04	10.990%	IL - 20.00%	Paid Off - 240	Jun-26-03
312050 1			82,025.00	81,030.03	Nov-22-04	9.100%	MI - 85.00%	Paid Off - 360	Jan-23-03
311745 1			384,000.00	378,174.40	Aug-05-04	5.300%	CA - 80.00%	Paid Off - 360	Jun-14-03
312087 1			23,188.00	21,250.74	Nov-24-04	8.250%	TX - 10.00%	Paid Off - 180	Jul-03-02
311746 1			96,000.00	94,421.05	Aug-05-04	10.990%	CA - 20.00%	Paid Off - 240	Jun-14-03
312184 1			179,900.00	176,252.91	Nov-08-04	6.500%	OH - 79.99%	Paid Off - 360	Jan-31-03
311759 1			319,500.00	316,545.64	Aug-16-04	8.000%	IL - 90.00%	Paid Off - 360	Jun-13-03
767176 1		BK	160,000.00	154,752.06	Nov-30-04	11.490%	NJ - 84.00%	Paid Off - 364	Jun-11-98
311769 1			58,000.00	57,078.17	Aug-16-04	10.990%	CA - 20.00%	Paid Off - 240	Jun-24-03
53772240 2			108,000.00	106,062.17	Nov-24-04	7.875%	CA - 69.68%	Paid Off - 360	Nov-06-02
311963 1			36,750.00	36,285.78	Aug-12-04	9.150%	FL - 75.00%	Paid Off - 360	Sep-19-02
65966608 2			272,000.00	11,000.00	Nov-01-04	5.875%	AZ - 77.94%	Paid Off - 360	Dec-12-01
311964 1			39,000.00	38,527.09	Aug-09-04	9.730%	FL - 62.90%	Paid Off - 360	Sep-18-02
98880255 2			84,390.00	82,055.91	Nov-12-04	6.625%	DE - 97.00%	Paid Off - 360	Jun-21-02
311987 1			211,000.00	208,768.33	Aug-20-04	9.375%	MD - 89.86%	Paid Off - 360	Dec-16-02
99875379 2			708,750.00	708,750.00	Nov-17-04	5.375%	NY - 75.00%	Paid Off - 359	Oct-11-02
312055 1			297,500.00	293,335.96	Aug-12-04	7.500%	CA - 85.00%	Paid Off - 360	Jan-23-03
603569302 2			350,000.00	349,999.94	Nov-16-04	5.375%	CA - 49.65%	Paid Off - 360	Nov-19-02
312068 1			162,450.00	160,472.21	Aug-24-04	8.250%	VA - 90.00%	Paid Off - 360	Jan-24-03
615634946 2			305,000.00	305,000.00	Nov-01-04	5.250%	NY - 55.45%	Paid Off - 360	Oct-21-02
312081 1		FCL	49,875.00	47,275.10	Aug-24-04	12.250%	GA - 100.00%	Paid Off - 180	Jan-16-95
6393038028 3			158,400.00	155,154.58	Nov-26-04	5.500%	FL - 80.00%	Paid Off - 360	Apr-11-03
312093 1			155,200.00	151,607.49	Aug-10-04	5.750%	CA - 97.00%	Paid Off - 360	Oct-09-02
7062743971 3			85,250.00	83,773.47	Nov-08-04	5.750%	CA - 63.62%	Paid Off - 360	Jun-02-03
312119 1			191,200.00	176,400.19	Aug-10-04	5.750%	AZ - 74.98%	Paid Off - 180	Oct-25-02
312132 1			30,550.00	30,005.69	Aug-24-04	7.625%	AZ - 15.01%	Paid Off - 180	Oct-24-02
312185 1			25,000.00	24,731.02	Aug-16-04	8.875%	CA - 11.90%	Paid Off - 180	Jan-23-03
767003 1		FCL	101,000.00	82,929.54	Aug-18-04	8.250%	NJ - 80.00%	Paid Off - 360	Dec-18-86
767991 1			136,425.00	134,644.89	Aug-31-04	12.000%	CO - 85.00%	Paid Off - 120	Aug-01-99
48399620 2			135,200.00	132,512.59	Aug-31-04	5.750%	RI - 64.38%	Paid Off - 360	Jan-28-03
54537766 2			398,000.00	385,465.38	Aug-31-04	6.500%	IL - 72.36%	Paid Off - 360	Nov-05-01
73428112 2			77,503.00	75,817.04	Aug-31-04	7.500%	FL - 97.00%	Paid Off - 360	May-02-02
29290640 3			300,000.00	290,636.63	Aug-31-04	8.750%	CA - 75.00%	Paid Off - 360	Dec-05-00
29375581 3			399,000.00	386,035.47	Aug-23-04	8.500%	CA - 77.48%	Paid Off - 360	Nov-17-00
63916304 3			375,000.00	262,255.81	Aug-31-04	7.000%	CA - 50.20%	Paid Off - 180	Feb-27-98
2004886798 3			143,900.00	41,848.78	Aug-16-04	6.750%	MD - 89.94%	Paid Off - 360	Jan-15-99
6299579943 3			244,000.00	240,646.58	Aug-25-04	6.250%	CA - 74.92%	Paid Off - 360	May-19-03
6489602091 3			246,500.00	237,513.73	Aug-18-04	6.500%	CA - 82.17%	Paid Off - 360	Jul-10-01
6518787079 3			315,000.00	305,105.63	Aug-16-04	8.500%	CA - 74.12%	Paid Off - 360	Dec-21-00
6888339360 3			322,700.00	317,608.29	Aug-24-04	4.625%	CA - 64.54%	Paid Off - 360	Jul-25-03
7063156777 3			233,432.00	219,635.07	Aug-30-04	5.375%	VA - 76.54%	Paid Off - 180	Apr-03-03
7064045276 3			321,416.00	315,631.82	Aug-02-04	3.875%	VA - 79.95%	Paid Off - 360	Jul-25-03
					Page 22 of 27				© COPYRIGHT 2004 Deutsche Bank
	Morgan Stanley ABS Capital I Inc. 2004-SD1
	Mortgage Pass-Through Certificates
	Realized Loss Report for September 27, 2004 Distribution
	Realized Loss Report for December 27, 2004 Distribution
	Realized Loss Report - Collateral
COLLATERAL REALIZED LOSSES					B OF A	WAMU	WILSHIRE	TOTAL
	Current
	Number of Loans Liquidated				-	-	1-	1-
	Collateral Realized Loss/(Gain) Amount				-	-	~~8,097.61~~-	~~8,097.61~~-
	Net Liquidation Proceeds				-	-	~~138,516.70~~-	~~138,516.70~~-
	Cumulative
	Number of Loans Liquidated				-	-	35	35
	Collateral Realized Loss/(Gain) Amount				-	-	3879,~~774~~360.1903	3879,~~774~~360.1903
	Net Liquidation Proceeds				-	-	~~175~~225,~~418~~483.3532	~~175~~225,~~418~~483.3532
	Note: Collateral Realized Loss Amount may include adjustments to loans liquidated in prior periods.
	Applied Realized Loss Amount							0.00
	Cumulative Loss Percentage							0.0103%
	Wilshire		B of A				3 Months Moving Average
	WAMU
Collateral Loss Severity Approximation by Groups					Collateral Loss Severity Approximation
				Page 23 of 27				© COPYRIGHT 2004 Deutsche Bank
	Morgan Stanley ABS Capital I Inc. 2004-SD1
	Mortgage Pass-Through Certificates
	Realized Loss Report for September 27, 2004 Distribution
	Realized Loss Report for December 27, 2004 Distribution
	Realized Loss Report - Collateral
DEFAULT SPEEDS					B OF A	WAMU	WILSHIRE	TOTAL
	MDR				0.00%	0.00%	0.1800%	0.0700%
	3 Months Avg MDR				0.00%	0.00%	0.0904%	0.0402%
	12 Months Avg MDR
	Avg MDR Since Cut-off				0.00%	0.00%	0.03%	0.01%
	CDR				0.00%	0.00%	20.1200%	0.8700%
	3 Months Avg CDR				0.00%	0.00%	10.0349%	0.4219%
	12 Months Avg CDR
	Avg CDR Since Cut-off				0.00%	0.00%	0.3941%	0.1617%
	SDA				0.00%	0.00%	40.7100%	10.7000%
	3 Months Avg SDA Approximation				0.00%	0.00%	20.3998%	0.8535%
	12 Months Avg SDA Approximation
	Avg SDA Since Cut-off Approximation				0.00%	0.00%	1.0301%	0.36%
	Loss Severity Approximation for Current Period
	3 Months Avg Loss Severity Approximation
	12 Months Avg Loss Severity Approximation
	Avg Loss Severity Approximation Since Cut-off
	Wilshire		B of A
	WAMU
CDR by Groups					Total CDR
SDA by Groups					Total SDA
				Page 24 of 27				© COPYRIGHT 2004 Deutsche Bank
	Morgan Stanley ABS Capital I Inc. 2004-SD1
	Mortgage Pass-Through Certificates
	Realized Loss Report for September 27, 2004 Distribution
	Realized Loss Report for December 27, 2004 Distribution
	Realized Loss Report - Collateral
	Wilshire		B of A
	WAMU
CDR Avg since Cut-Off by Groups					Total CDR Avg since Cut-Off
SDA Avg since Cut-Off by Groups					Total SDA Avg since Cut-Off
COLLATERAL REALIZED LOSS CALCULATION METHODOLOGY
Monthly Default Rate (MDR): (Beg Principal Balance of Liquidated Loans)/(Total Beg Principal Balance)
Conditional Default Rate (CDR): 1-((1-MDR)^12)
SDA Standard Default Assumption: CDR/IF(WAS<61,MIN(30,WAS)0.02,MAX(0.03,MIN(30,WAS)0.02-0.0095*(WAS-60)))
Average MDR over period between nth month and mth month (AvgMDRn,m): [(1-MDRn) * (1-MDRn+1) .......(1-MDRm)]^(1/months in period n,m)
Average CDR over period between the nth month and mth month (AvgCDRn,m): 1-((1-AvgMDRn,m)^12)
Average SDA Approximation over period between the nth month and mth month:
AvgCDRn,m/IF(Avg WASn,m<61,MIN(30,Avg WASn,m)0.02,MAX(0.03,MIN(30,Avg WASn,m)0.02-0.0095*(Avg WASn,m-60)))
Average WASn,m: (WASn + WASn+1 +.......+ WASm )/(number of months in the period n,m)
Loss Severity Approximation for current period: sum(Realized Loss Amount)/sum(Beg Principal Balance of Liquidated Loans)
Average Loss Severity Approximation over period between nth month and mth month: Avg(Loss Severityn,m)
Note: Default rates are calculated since deal issue date and include realized gains and additional realized losses and gains from prior periods.
Dates correspond to distribution dates.
				Page 25 of 27				© COPYRIGHT 2004 Deutsche Bank
	Morgan Stanley ABS Capital I Inc. 2004-SD1
	Mortgage Pass-Through Certificates
	Realized Loss Detail Report for September 27, 2004 Distribution
	Realized Loss Detail Report for December 27, 2004 Distribution
	Realized Loss Detail Report - Loans Liquidated During Current Distribution
SUMMARY							LOAN GROUP
Total Loan Count Current Losses = 1
Total Loan Count Current Losses = 0
Total Loan Count Revisions = 2						Loan Group 1 = Wilshire
Total Loan Count Revisions = 0						Loan Group 1 = Wilshire
Total Prior Principal Balance = 146,614.31						Loan Group 2 = WAMU
Total Prior Principal Balance = 0.00						Loan Group 2 = WAMU
Total Current Realized Loss Amount = 7,916.11						Loan Group 3 = B of A
Total Current Realized Loss Amount = 0.00						Loan Group 3 = B of A
Total Revisions Amount = 181.50
Total Revisions Amount = 0.00
Total Realized Loss Amount = 8,097.61
Total Realized Loss Amount = 0.00
Total Net Liquidation Proceeds = 138,516.70
Total Net Liquidation Proceeds = 0.00
Note: Total Realized Loss Amount may include adjustments to loans liquidated in prior periods.
Loan Number			Current	State &		Prior	Realized		Cumulative
&		Loan	Note	LTV at	Original	Principal	Loss/(Gain)	Realized	Realized
Loan Group		Status	Rate	Origination	Term	Balance	Revisions	Loss/(Gain)	Loss/(Gain)
322854 1		REO	7.700%	FL - 85.00%	360	146,614.31		7,916.11	7,916.11
SPACE INTENTIONALLY LEFT BLANK
178135 1				MO - 80.00%	180		Revision	177.00	177.00
311623 1				IL - 20.00%	240		Revision	4.50	4.50
					Page 26 of 27				© COPYRIGHT 2004 Deutsche Bank
	Morgan Stanley ABS Capital I Inc. 2004-SD1
	Mortgage Pass-Through Certificates
	Triggers, Adj. Rate Cert. and Miscellaneous Report for September 27, 2004 Distribution
	Triggers, Adj. Rate Cert. and Miscellaneous Report for December 27, 2004 Distribution
	Triggers, Adj. Rate Cert. and Miscellaneous Report
TRIGGER EVENTS					B OF A	WAMU	WILSHIRE	TOTAL
	Has a Stepdown Date occurred?							No
	Does Trigger Event exist?							No
	(i) Does (a) equal or exceed (b)?							No
	(a) the quotient of (x) over (y)							68.9931%
	(x) 60+ DQ 3Mo Avg Bal (ex Reperf)							1314,~~476~~529,~~759~~125.9985
	(y) ending Stated Prin Bal							~~192~~174,~~922~~885,~~962~~575.1124
	(b) 50% of Senior Enhancement Percentage							89.5240%
	(ii) Does (x) divided by (y) exceed Loss Trigger Threshold Pctg?							No
	(x) Aggregate Realized Losses to date							3879,~~774~~360.1903
	(y) Cut-off Balance							262,933,531.79
	Loss Trigger Threshold Percentage							100.00%
	Reperforming 60+ Balance				0.00	~~324,019~~0.3600	21,~~501~~671,~~014~~180.11	21,~~825~~671,~~033~~180.4711
ADJUSTABLE RATE CERTIFICATE INFORMATION					B OF A	WAMU	WILSHIRE	TOTAL
SPACE INTENTIONALLY LEFT BLANK
ADDITIONAL INFORMATION					B OF A	WAMU	WILSHIRE	TOTAL
	Total Basis Risk Carry Forward Amount							0.00
	Class A Basis Risk Paid							0.00
	Class M-1 Basis Risk Paid							0.00
	Class M-2 Basis Risk Paid							0.00
	Class B Basis Risk Paid							0.00
	Class A Basis Risk Carry Forward							0.00
	Class M-1 Basis Risk Carry Forward							0.00
	Class M-2 Basis Risk Carry Forward							0.00
	Class B Basis Risk Carry Forward							0.00
				Page 27 of 27				© COPYRIGHT 2004 Deutsche Bank

Filing Compare · MORGAN STANLEY ABS CAPITAL I INC TRUST SERIES 2004-SD1