                                    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
                 August 1, 2004, providing for the issuance of Morgan Stanley
                 ABS Capital I Inc. Trust, Mortgage Pass-Through Certificates
                                        Series 2004-WMC2)
                      (Exact name of registrant as specified in charter)


                                         DELAWARE
                     (State or Other Jurisdiction of Incorporation)

               333-113543-11                        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,
     Mortgage Pass-Through Certificates Series 2004-WMC1, 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 31, 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-WMC2

Mortgage Pass-Through Certificates

2004-WMC2

December 27, 2004 Distribution

				External Parties					Table of Contents

												Page
				Seller
									1. Certificate Payment Report					2
				Morgan Stanley
									2. Collection Account Report					4

									3. Credit Enhancement Report					6
									4. Collateral Report					7
				Certificate Insurer(s)					5. Delinquency Report					10

									6. REO Report					13

									7. Foreclosure Report					14
									8. Prepayment Report					15
									9. Prepayment Detail Report					18

									10. Realized Loss Report					24
									11. Realized Loss Detail Report					27
				Servicer(s)
									12. Triggers and Adj. Cert. Report					28
				HomeQ Servicing Corp.
									13. Other Related Information					29



				Underwriter(s)
				Morgan Stanley & Co. Inc


									Total Number of Pages					29


				Dates					Contacts

				Cut-Off Date:		August 01, 2004			Eiko Akiyama
				Close Date:		August 19, 2004			Administrator
				First Distribution Date:		September 27, 2004			(714) 247-6328

									Address:
									1761 East St. Andrew Place, Santa Ana, CA 92514
				Distribution Date:		December 27, 2004
									Factor Information:			(800) 735-7777
				Record Date:		November 30, 2004
									Main Phone Number:			(714) 247-6000

						December 24, 2004


									https://www.tss.db.com/invr






Page 1 of 29
Morgan Stanley ABS Capital I Inc. 2004-WMC2

Mortgage Pass-Through Certificates

2004-WMC2

December 27, 2004 Distribution
Certificate Payment Report
Current Period Distribution - REMIC II
					Prior											Current
	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	$	565,874,000.00		514,470,830.95	1,101,175.22		23,146,281.95		24,247,457.17		0.00		0.00		491,324,549.00

A-2	FLT, STEP	$	200,000,000.00		177,560,111.99	388,459.75		8,650,964.92		9,039,424.67		0.00		0.00		168,909,147.07
A-3	FLT, STEP	$	155,750,000.00		124,535,779.18	248,326.18		12,033,621.97		12,281,948.15		0.00		0.00		112,502,157.21
A-4	FLT, STEP	$	59,253,000.00		59,253,000.00	127,080.45		0.00		127,080.45		0.00		0.00		59,253,000.00
A-5	FLT, STEP	$	63,200,000.00		63,200,000.00	146,974.28		0.00		146,974.28		0.00		0.00		63,200,000.00
M-1	MEZ, FLT,ST	$	91,643,000.00		91,643,000.00	220,222.02		0.00		220,222.02		0.00		0.00		91,643,000.00
M-2	MEZ, FLT,ST	$	68,732,000.00		68,732,000.00	200,085.59		0.00		200,085.59		0.00		0.00		68,732,000.00
M-3	MEZ, FLT,ST	$	22,911,000.00		22,911,000.00	70,641.95		0.00		70,641.95		0.00		0.00		22,911,000.00
B-1	SUB, FLT,ST	$	19,638,000.00		19,638,000.00	69,851.02		0.00		69,851.02		0.00		0.00		19,638,000.00
B-2	SUB, FLT,ST	$	16,365,000.00		16,365,000.00	59,618.39		0.00		59,618.39		0.00		0.00		16,365,000.00
B-3	SUB, FLT,ST	$	19,638,000.00		19,638,000.00	96,062.29		0.00		96,062.29		0.00		0.00		19,638,000.00
X	SUB	$	26,183,828.00		26,183,756.57	3,528,722.16		0.00		3,528,722.16		0.00		0.00		26,183,756.57
P	SUB,EXE	$	0.00		0.00	745,479.31		0.00		745,479.31		0.00		0.00		0.00
UT-R	R	$	0.00		0.00	0.00		0.00		0.00		0.00		0.00		0.00


Total			1,309,187,828.00		1,204,130,478.69	7,002,698.61		43,830,868.84		50,833,567.45		0.00		0.00		1,160,299,609.85





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)		(1)		(2)		(3)		(4)=(2)+(3)	(5)
A-1	11/26/04		12/26/04		A-Act/360	61746RHM6		565,874,000.00		909.161458		1.945972		40.903597		42.849569	868.257861
A-2	11/26/04		12/26/04		A-Act/360	61746RHN4		200,000,000.00		887.800560		1.942299		43.254825		45.197123	844.545735
A-3	11/26/04		12/26/04		A-Act/360	61746RHP9		155,750,000.00		799.587667		1.594390		77.262420		78.856810	722.325247
A-4	11/26/04		12/26/04		A-Act/360	61746RHQ7		59,253,000.00		1,000.000000		2.144709		0.000000		2.144709	1,000.000000
A-5	11/26/04		12/26/04		A-Act/360	61746RHR5		63,200,000.00		1,000.000000		2.325542		0.000000		2.325542	1,000.000000
M-1	11/26/04		12/26/04		A-Act/360	61746RHS3		91,643,000.00		1,000.000000		2.403042		0.000000		2.403042	1,000.000000
M-2	11/26/04		12/26/04		A-Act/360	61746RHT1		68,732,000.00		1,000.000000		2.911098		0.000000		2.911098	1,000.000000
M-3	11/26/04		12/26/04		A-Act/360	61746RHU8		22,911,000.00		1,000.000000		3.083320		0.000000		3.083320	1,000.000000
B-1	11/26/04		12/26/04		A-Act/360	61746RHV6		19,638,000.00		1,000.000000		3.556931		0.000000		3.556931	1,000.000000
B-2	11/26/04		12/26/04		A-Act/360	61746RHW4		16,365,000.00		1,000.000000		3.643042		0.000000		3.643042	1,000.000000
B-3	11/26/04		12/26/04		A-Act/360	61746RHX2		19,638,000.00		1,000.000000		4.891653		0.000000		4.891653	1,000.000000
X	11/26/04		12/26/04		F-Act/360			26,183,828.00		999.997272		134.767237		0.000000		134.767237	999.997272
P	11/01/04		11/30/04		F-30/360			0.00		0.000000		0.000000		0.000000		0.000000	0.000000
UT-R	11/01/04		11/30/04		F-30/360			0.00		0.000000		0.000000		0.000000		0.000000	0.000000




Page 2 of 29
Morgan Stanley ABS Capital I Inc. 2004-WMC2

Mortgage Pass-Through Certificates

2004-WMC2

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	565,874,000.00		4,250,091.12		22,648,426.54	497,855.41		74,549,451.00		78,799,542.12		0.00		0.00		491,324,549.00
A-2	200,000,000.00		1,522,150.99		8,464,890.56	186,074.36		31,090,852.93		32,613,003.92		0.00		0.00		168,909,147.07
A-3	155,750,000.00		1,015,498.99		11,774,789.74	258,832.23		43,247,842.79		44,263,341.78		0.00		0.00		112,502,157.21
A-4	59,253,000.00		466,879.94		0.00	0.00		0.00		466,879.94		0.00		0.00		59,253,000.00
A-5	63,200,000.00		545,906.72		0.00	0.00		0.00		545,906.72		0.00		0.00		63,200,000.00
M-1	91,643,000.00		821,374.65		0.00	0.00		0.00		821,374.65		0.00		0.00		91,643,000.00
M-2	68,732,000.00		762,466.10		0.00	0.00		0.00		762,466.10		0.00		0.00		68,732,000.00
M-3	22,911,000.00		270,705.89		0.00	0.00		0.00		270,705.89		0.00		0.00		22,911,000.00
B-1	19,638,000.00		271,036.88		0.00	0.00		0.00		271,036.88		0.00		0.00		19,638,000.00
B-2	16,365,000.00		231,773.65		0.00	0.00		0.00		231,773.65		0.00		0.00		16,365,000.00
B-3	19,638,000.00		380,955.12		0.00	0.00		0.00		380,955.12		0.00		0.00		19,638,000.00
X	26,183,828.00		15,632,616.00		0.00	0.00		71.43		15,632,687.43		0.00		0.00		26,183,756.57
P	0.00		1,961,179.03		0.00	0.00		0.00		1,961,179.03		0.00		0.00		0.00
UT-R	0.00		0.00		0.00	0.00		0.00		0.00		0.00		0.00		0.00


Total	1,309,187,828.00		28,132,635.08		42,888,106.84	942,762.00		148,888,218.15		177,020,853.23		0.00		0.00		1,160,299,609.85


Interest Detail - REMIC II
	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		Adjustment		Interest		Interest		Interest
					(1)	(2)		(3)		(4)		(5)=(1)-(2)+(3)+(4)		(6)		(7)=(5)-(6)
A-1	2.48563%		514,470,830.95		1,101,175.22	0.00		0.00		0.00		1,101,175.22		1,101,175.22		0.00
A-2	2.54063%		177,560,111.99		388,459.75	0.00		0.00		0.00		388,459.75		388,459.75		0.00
A-3	2.31563%		124,535,779.18		248,326.18	0.00		0.00		0.00		248,326.18		248,326.18		0.00
A-4	2.49063%		59,253,000.00		127,080.45	0.00		0.00		0.00		127,080.45		127,080.45		0.00
A-5	2.70063%		63,200,000.00		146,974.29	0.00		0.00		0.00		146,974.29		146,974.28		0.00
M-1	2.79063%		91,643,000.00		220,222.02	0.00		0.00		0.00		220,222.02		220,222.02		0.00
M-2	3.38063%		68,732,000.00		200,085.59	0.00		0.00		0.00		200,085.59		200,085.59		0.00
M-3	3.58063%		22,911,000.00		70,641.95	0.00		0.00		0.00		70,641.95		70,641.95		0.00
B-1	4.13063%		19,638,000.00		69,851.02	0.00		0.00		0.00		69,851.02		69,851.02		0.00
B-2	4.23063%		16,365,000.00		59,618.39	0.00		0.00		0.00		59,618.39		59,618.39		0.00
B-3	5.68063%		19,638,000.00		96,062.29	0.00		0.00		0.00		96,062.29		96,062.29		0.00
X	156.50432%		26,183,756.57		0.00	0.00		0.00		0.00		0.00		3,528,722.16		0.00
P	0.00000%		0.00		0.00	0.00		0.00		0.00		0.00		745,479.31		0.00
UT-R	0.00000%		0.00		0.00	0.00		0.00		0.00		0.00		0.00		0.00


Total			1,204,130,478.69		2,728,497.15	0.00		0.00		0.00		2,728,497.15		7,002,698.61		0.00



Page 3 of 29
Morgan Stanley ABS Capital I Inc. 2004-WMC2

Mortgage Pass-Through Certificates

2004-WMC2

December 27, 2004 Distribution
Collection Account Report
SUMMARY

									Group 2		Group 1		Total
Principal Collections									20,684,586.90		23,146,281.94		43,830,868.84
Principal Withrawals									0.00		0.00		0.00
Principal Other Accounts									0.00		0.00		0.00
TOTAL NET PRINCIPAL									20,684,586.90		23,146,281.94		43,830,868.84
Interest Collections									2,859,657.51		3,480,317.15		6,339,974.66
Interest Withdrawals									-0.00		-0.00		-0.00
Interest Other Accounts									0.00		0.00		745,479.31
Interest Fees									-36,878.61		-45,876.75		-82,755.36
TOTAL NET INTEREST									2,822,778.90		3,434,440.41		7,002,698.61
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION									23,507,365.80		26,580,722.35		50,833,567.45



PRINCIPAL - COLLECTIONS

										Group 2		Group 1		Total
Scheduled Principal Received										392,317.95		550,444.06		942,762.01
Prepayments In Full										20,272,836.16		22,575,715.61		42,848,551.77
Curtailments										19,432.79		20,122.27		39,555.06
Liquidations										0.00		0.00		0.00
Insurance Principal										0.00		0.00		0.00
Repurchased Principal Amounts										0.00		0.00		0.00
Other Principal										0.00		0.00		0.00
Total Realized Loss Of Principal										-0.00		-0.00		-0.00
Delinquent Principal										-344,091.19		-474,624.00		-818,715.19
Advanced Principal										344,091.19		474,624.00		818,715.19
TOTAL PRINCIPAL COLLECTED										20,684,586.90		23,146,281.94		43,830,868.84


PRINCIPAL - WITHDRAWALS

SPACE INTENTIONALLY LEFT BLANK



PRINCIPAL - OTHER ACCOUNTS

									Group 2		Group 1		Total
Closing Deposit									0.00		0.00		0.00
TOTAL OTHER ACCOUNTS PRINCIPAL									0.00		0.00		0.00





Page 4 of 29
Morgan Stanley ABS Capital I Inc. 2004-WMC2

Mortgage Pass-Through Certificates

2004-WMC2

December 27, 2004 Distribution

INTEREST - COLLECTIONS

									Group 2		Group 1		Total
Scheduled Interest									3,051,860.20		3,710,592.19		6,762,452.39
Liquidation Interest									0.00		0.00		0.00
Repurchased Interest									0.00		0.00		0.00
Insurance Interest									0.00		0.00		0.00
Other Interest									0.00		0.00		0.00
Relief Act Interest Shortfalls									-0.00		-0.00		-0.00
Prepayment Interest Shortfalls									-17,917.54		-14,652.33		-32,569.87
Compensating Interest									17,917.54		14,652.33		32,569.87
Delinquent Interest									-2,581,147.30		-3,129,046.83		-5,710,194.13
Interest Advanced									2,388,944.61		2,898,771.79		5,287,716.41
TOTAL INTEREST COLLECTED									2,859,657.51		3,480,317.15		6,339,974.66


INTEREST - WITHDRAWALS

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



INTEREST - OTHER ACCOUNTS

									Group 2		Group 1		Total
Prepayment Charges													745,479.31
TOTAL INTEREST OTHER ACCOUNTS									0.00		0.00		745,479.31



INTEREST - FEES

									Group 2		Group 1		Total
Current Servicing Fees									35,286.19		43,957.12		79,243.31
Current Trustee Fees									1,592.42		1,919.63		3,512.05
TOTAL INTEREST OTHER FEES									36,878.61		45,876.75		82,755.36




Page 5 of 29
Morgan Stanley ABS Capital I Inc. 2004-WMC2

Mortgage Pass-Through Certificates

2004-WMC2

December 27, 2004 Distribution
Credit Enhancement Report
ACCOUNTS

SPACE INTENTIONALLY LEFT BLANK



INSURANCE

SPACE INTENTIONALLY LEFT BLANK



STRUCTURAL FEATURES

									Group 2		Group 1		Total
Overcollateralization Amount													26,183,756.57
Overcollateralization Target Amount													26,183,756.57
Overcollateralization Deficiency Amount													0.00
Overcollateralization Release Amount													0.00




Page 6 of 29
Morgan Stanley ABS Capital I Inc. 2004-WMC2

Mortgage Pass-Through Certificates

2004-WMC2

December 27, 2004 Distribution
Collateral Report


COLLATERAL



										Group 2		Group 1		Total



*Loan Count:*


Original									2,265		4,801		7,066
Prior									2,093		4,527		6,620
Prefunding									0		0		0
Scheduled Paid Offs									-0		-0		-0
Full Voluntary Prepayments									-79		-131		-210
Repurchases									-0		-0		-0
Liquidations									-0		-0		-0
Current									2,014		4,396		6,410
*Principal Balance:*


Original									596,113,665.80		707,042,997.26		1,303,156,663.06
Prior									545,973,301.38		658,157,177.31		1,204,130,478.69
Prefunding									0.00		0.00		0.00
Scheduled Principal									-392,317.95		-550,444.06		-942,762.01
Partial Prepayments									-19,432.79		-20,122.27		-39,555.06
Full Voluntary Prepayments									-20,272,836.16		-22,575,715.61		-42,848,551.77
Repurchases									-0.00		-0.00		-0.00
Liquidations									-0.00		-0.00		-0.00
Current									525,288,714.48		635,010,895.37		1,160,299,609.85





PREFUNDING

SPACE INTENTIONALLY LEFT BLANK






Page 7 of 29
Morgan Stanley ABS Capital I Inc. 2004-WMC2

Mortgage Pass-Through Certificates

2004-WMC2

December 27, 2004 Distribution

CHARACTERISTICS

									Group 2		Group 1		Total
Weighted Average Coupon Original									6.73925%		6.77544%		6.75888%
Weighted Average Coupon Prior									6.71373%		6.77076%		6.74481%
Weighted Average Coupon Current									6.70771%		6.76542%		6.73926%
Weighted Average Months to Maturity Original									344		345		345
Weighted Average Months to Maturity Prior									342		343		342
Weighted Average Months to Maturity Current									341		341		341
Weighted Avg Remaining Amortization Term Original									344		345		345
Weighted Avg Remaining Amortization Term Prior									342		343		342
Weighted Avg Remaining Amortization Term Current									341		341		341
Weighted Average Seasoning Original									4.05		4.04		4.04
Weighted Average Seasoning Prior									6.05		6.03		6.04
Weighted Average Seasoning Current									7.04		7.03		7.04









Page 8 of 29
Morgan Stanley ABS Capital I Inc. 2004-WMC2

Mortgage Pass-Through Certificates

2004-WMC2

December 27, 2004 Distribution

ARM CHARACTERISTICS

									Group 2		Group 1		Total
Weighted Average Margin Original									5.90572%		5.99280%		5.95183%
Weighted Average Margin Prior									5.88654%		5.98531%		5.93905%
Weighted Average Margin Current									5.88850%		5.98068%		5.93763%
Weighted Average Max Rate Original									12.86713%		12.98635%		12.93026%
Weighted Average Max Rate Prior									12.83343%		12.97399%		12.90816%
Weighted Average Max Rate Current									12.83274%		12.96566%		12.90358%
Weighted Average Min Rate Original									6.37254%		6.48468%		6.43192%
Weighted Average Min Rate Prior									6.34083%		6.47256%		6.41087%
Weighted Average Min Rate Current									6.33965%		6.46444%		6.40616%
Weighted Average Cap Up Original									1.00023%		1.00016%		1.00019%
Weighted Average Cap Up Prior									1.00024%		1.00017%		1.00020%
Weighted Average Cap Up Current									1.00025%		1.00018%		1.00021%
Weighted Average Cap Down Original									1.00023%		1.00016%		1.00019%
Weighted Average Cap Down Prior									1.00024%		1.00017%		1.00020%
Weighted Average Cap Down Current									1.00025%		1.00018%		1.00021%




SERVICING FEES & ADVANCES

										Group 2		Group 1		Total




Current Servicing Fees									35,286.19		43,957.12		79,243.31
Delinquent Servicing Fees									192,202.69		230,275.04		422,477.73
TOTAL SERVICING FEES									227,488.88		274,232.16		501,721.04


Compensating Interest									-17,917.54		-14,652.33		-32,569.87
Delinquent Servicing Fees									-192,202.69		-230,275.04		-422,477.73
COLLECTED SERVICING FEES									128,943.20		29,304.80		46,673.45


Aggregate Advances with respect to this Distribution									2,038,732.13		2,393,875.50		4,432,607.63





ADDITIONAL COLLATERAL INFORMATION
									Group 2		Group 1		Total
Net Prepayment Interest Shortfall									0.00		0.00		0.00
Libor For Current Period													2.1806%




Page 9 of 29
Morgan Stanley ABS Capital I Inc. 2004-WMC2

Mortgage Pass-Through Certificates

2004-WMC2

December 27, 2004 Distribution
Delinquency Report

	TOTAL
					< 1 PAYMENT	1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance			14,725,781.60		5,033,342.99		922,232.10		20,681,356.69
			% Balance			1.27%		0.43%		0.08%		1.78%
			# Loans			88		18		7		113
			% # Loans			1.37%		0.28%		0.11%		1.76%
	FORECLOSURE		Balance		0.00	0.00		480,089.72		5,431,315.65		5,911,405.37
			% Balance		0.00%	0.00%		0.04%		0.47%		0.51%
			# Loans		0	0		3		21		24
			% # Loans		0.00%	0.00%		0.05%		0.33%		0.37%
	BANKRUPTCY		Balance		3,498,813.05	121,112.10		531,033.37		314,560.24		4,465,518.76
			% Balance		0.30%	0.01%		0.05%		0.03%		0.38%
			# Loans		19	1		1		3		24
			% # Loans		0.30%	0.02%		0.02%		0.05%		0.37%
	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		3,498,813.05	14,846,893.70		6,044,466.08		6,668,107.99		31,058,280.82
			% Balance		0.30%	1.28%		0.52%		0.57%		2.68%
			# Loans		19	89		22		31		161
			% # Loans		0.30%	1.39%		0.34%		0.48%		2.51%









Page 10 of 29
Morgan Stanley ABS Capital I Inc. 2004-WMC2

Mortgage Pass-Through Certificates

2004-WMC2

December 27, 2004 Distribution


	GROUP 1
					< 1 PAYMENT	1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance			9,347,904.61		774,463.39		576,215.18		10,698,583.18
			% Balance			1.47%		0.12%		0.09%		1.68%
			# Loans			61		8		5		74
			% # Loans			1.39%		0.18%		0.11%		1.68%
	FORECLOSURE		Balance		0.00	0.00		480,089.72		1,061,998.17		1,542,087.89
			% Balance		0.00%	0.00%		0.08%		0.17%		0.24%
			# Loans		0	0		3		7		10
			% # Loans		0.00%	0.00%		0.07%		0.16%		0.23%
	BANKRUPTCY		Balance		1,405,726.55	121,112.10		0.00		165,037.51		1,691,876.16
			% Balance		0.22%	0.02%		0.00%		0.03%		0.27%
			# Loans		12	1		0		2		15
			% # Loans		0.27%	0.02%		0.00%		0.05%		0.34%
	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		1,405,726.55	9,469,016.71		1,254,553.11		1,803,250.86		13,932,547.23
			% Balance		0.22%	1.49%		0.20%		0.28%		2.19%
			# Loans		12	62		11		14		99
			% # Loans		0.27%	1.41%		0.25%		0.32%		2.25%










Page 11 of 29
Morgan Stanley ABS Capital I Inc. 2004-WMC2

Mortgage Pass-Through Certificates

2004-WMC2

December 27, 2004 Distribution

	GROUP 2
					< 1 PAYMENT	1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance			5,377,876.99		4,258,879.60		346,016.92		9,982,773.51
			% Balance			1.02%		0.81%		0.07%		1.90%
			# Loans			27		10		2		39
			% # Loans			1.34%		0.50%		0.10%		1.94%
	FORECLOSURE		Balance		0.00	0.00		0.00		4,369,317.48		4,369,317.48
			% Balance		0.00%	0.00%		0.00%		0.83%		0.83%
			# Loans		0	0		0		14		14
			% # Loans		0.00%	0.00%		0.00%		0.70%		0.70%
	BANKRUPTCY		Balance		2,093,086.50	0.00		531,033.37		149,522.73		2,773,642.60
			% Balance		0.40%	0.00%		0.10%		0.03%		0.53%
			# Loans		7	0		1		1		9
			% # Loans		0.35%	0.00%		0.05%		0.05%		0.45%
	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		2,093,086.50	5,377,876.99		4,789,912.97		4,864,857.13		17,125,733.59
			% Balance		0.40%	1.02%		0.91%		0.93%		3.26%
			# Loans		7	27		11		17		62
			% # Loans		0.35%	1.34%		0.55%		0.84%		3.08%









Page 12 of 29
Morgan Stanley ABS Capital I Inc. 2004-WMC2

Mortgage Pass-Through Certificates

2004-WMC2

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




TOTAL



Page 13 of 29
Morgan Stanley ABS Capital I Inc. 2004-WMC2

Mortgage Pass-Through Certificates

2004-WMC2

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
10934145 1
			152,000.00		0.00	01-Dec-2004		6.500%		CA - 80.00%		360		01-May-2004

10953991 1			96,800.00		96,037.90	01-Jul-2004		6.375%		TX - 80.00%		360		01-May-2004
10958328 1			256,000.00		256,000.00	01-Jun-2004		5.375%		CA - 80.00%		360		01-Jul-2004
10958329 1			64,000.00		63,856.08	01-Jun-2004		10.875%		CA - 20.00%		180		01-Jul-2004
10959480 1			126,000.00		125,237.94	01-Aug-2004		6.000%		MD - 80.00%		360		01-Jul-2004
10960200 1			227,600.00		226,133.30	01-Jul-2004		6.490%		CA - 80.00%		360		01-Jun-2004
10960201 1			56,900.00		56,750.07	01-Jul-2004		10.875%		CA - 20.00%		180		01-Jun-2004
10961175 1			218,500.00		217,450.90	01-Jul-2004		7.990%		CT - 95.00%		360		01-Jun-2004
10961176 1			145,600.00		144,695.89	01-Aug-2004		6.750%		WA - 80.00%		360		01-Jun-2004
10965847 1			146,400.00		145,769.92	01-Jul-2004		7.750%		RI - 80.00%		360		01-Jul-2004
10970045 1			211,920.00		210,155.89	01-Aug-2004		5.125%		CA - 80.00%		360		01-Jun-2004
10936762 2			119,850.00		119,177.76	01-Jun-2004		8.500%		ID - 85.00%		360		01-Apr-2004
10942015 2			668,000.00		663,645.55	01-Jul-2004		7.750%		AZ - 80.00%		360		01-Apr-2004
10943337 2			210,000.00		208,596.75	01-Jun-2004		7.625%		MI - 75.00%		360		01-Apr-2004
10949100 2			63,000.00		62,772.04	01-Jun-2004		9.375%		IL - 70.00%		360		01-Jun-2004
10950611 2			73,100.00		72,667.18	01-Jul-2004		7.625%		OK - 83.07%		360		01-May-2004
10952411 2			584,000.00		579,869.61	01-Jul-2004		6.001%		CA - 80.00%		360		01-Jun-2004
10952412 2			146,000.00		145,615.21	01-Jul-2004		10.875%		CA - 20.00%		360		01-Jun-2004
10958484 2			52,500.00		52,324.31	01-Jun-2004		8.990%		WA - 70.00%		360		01-Jul-2004
10962182 2			422,750.00		418,435.59	01-Jun-2004		4.750%		IL - 95.00%		360		01-May-2004
10964749 2			695,200.00		690,938.78	01-Jun-2004		6.750%		CA - 80.00%		360		01-Jun-2004
10967065 2			418,000.00		415,805.84	01-Jun-2004		6.740%		CO - 95.00%		360		01-Jul-2004
10968867 2			56,000.00		55,688.60	01-Jun-2004		7.250%		LA - 78.87%		360		01-Jun-2004
10970999 2			552,000.00		549,498.38	01-Jun-2004		7.490%		CA - 84.92%		360		01-Jul-2004
10973995 2			336,000.00		334,281.88	01-Jun-2004		6.875%		NY - 80.00%		360		01-Jul-2004


TOTAL			6,098,120.00		5,911,405.37



Page 14 of 29
Morgan Stanley ABS Capital I Inc. 2004-WMC2

Mortgage Pass-Through Certificates

2004-WMC2

December 27, 2004 Distribution
Prepayment Report

VOLUNTARY PREPAYMENTS


										Group 2		Group 1		Total




*Current*


Number of Paid in Full Loans									79		131		210
Number of Repurchased Loans									0		0		0
Total Number of Loans Prepaid in Full									79		131		210
Curtailments Amount									19,432.79		20,122.27		39,555.06
Paid in Full Balance									20,272,836.16		22,575,715.61		42,848,551.77
Repurchased Loans Balance									0.00		0.00		0.00
Total Prepayment Amount									20,292,268.95		22,595,837.88		42,888,106.83

*Cumulative*


Number of Paid in Full Loans									250		405		655
Number of Repurchased Loans									0		0		0
Total Number of Loans Prepaid in Full									250		405		655
Paid in Full Balance									68,400,704.63		69,609,865.18		138,010,569.81
Repurchased Loans Balance									0.00		0.00		0.00
Curtailments Amount									799,047.38		136,802.22		935,849.60
Total Prepayment Amount									69,199,752.01		69,746,667.40		138,946,419.41










Page 15 of 29
Morgan Stanley ABS Capital I Inc. 2004-WMC2

Mortgage Pass-Through Certificates

2004-WMC2

December 27, 2004 Distribution

VOLUNTARY PREPAYMENTS RATES


										Group 2		Group 1		Total



SMM									3.72%		3.44%		3.56%
3 Months Avg SMM									3.34%		2.85%		3.07%
12 Months Avg SMM									3.04%		2.57%		2.79%
Avg SMM Since Cut-off									3.04%		2.57%		2.79%


CPR									36.54%		34.27%		35.31%
3 Months Avg CPR									33.44%		29.28%		31.21%
12 Months Avg CPR									30.99%		26.83%		28.75%
Avg CPR Since Cut-off									30.99%		26.83%		28.75%


PSA									2,594.52%		2,436.87%		2,509.07%
3 Months Avg PSA Approximation									2,765.03%		2,427.81%		2,583.91%
12 Months Avg PSA Approximation									2,793.54%		2,423.83%		2,595.04%
Avg PSA Since Cut-off Approximation									2,793.55%		2,423.83%		2,595.04%










Page 16 of 29
Morgan Stanley ABS Capital I Inc. 2004-WMC2

Mortgage Pass-Through Certificates

2004-WMC2

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))

	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 17 of 29
Morgan Stanley ABS Capital I Inc. 2004-WMC2

Mortgage Pass-Through Certificates

2004-WMC2

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	Principal		Prepayment		Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount		Date		Rate		Origination		Original Term		Date

10928259 2			525,000.00		521,222.06		19-Nov-2004		6.625%		CA - 75.00%		Paid Off - 360		4/1/2004

10933976 1			500,000.00		496,487.51		07-Dec-2004		6.750%		CA - 74.63%		Paid Off - 360		4/1/2004
10934145 1		FCL	152,000.00		150,947.15		09-Dec-2004		6.500%		CA - 80.00%		Paid Off - 360		5/1/2004
10934146 1			38,000.00		37,899.83		09-Dec-2004		10.875%		CA - 20.00%		Paid Off - 180		5/1/2004
10934164 1			118,750.00		118,144.85		18-Nov-2004		8.375%		GA - 94.25%		Paid Off - 360		4/1/2004
10936500 2			564,000.00		556,813.98		01-Dec-2004		7.250%		CA - 66.35%		Paid Off - 360		3/1/2004
10936822 1			88,000.00		87,491.72		08-Dec-2004		7.750%		MD - 80.00%		Paid Off - 360		4/1/2004
10939128 1			168,400.00		167,231.60		17-Nov-2004		6.625%		CA - 80.00%		Paid Off - 360		5/1/2004
10939129 1			42,100.00		41,970.17		17-Nov-2004		10.875%		CA - 20.00%		Paid Off - 180		5/1/2004
10939487 2			238,400.00		238,339.74		09-Dec-2004		7.125%		CA - 80.00%		Paid Off - 360		4/1/2004
10939850 1			179,200.00		177,625.10		10-Dec-2004		5.751%		CA - 80.00%		Paid Off - 360		4/1/2004
10939852 1			44,800.00		44,570.47		10-Dec-2004		8.750%		CA - 20.00%		Paid Off - 180		4/1/2004
10940999 1			155,700.00		154,990.53		02-Dec-2004		8.250%		MI - 90.00%		Paid Off - 360		5/1/2004
10941008 1			119,160.00		118,462.88		09-Dec-2004		6.990%		CA - 80.00%		Paid Off - 360		5/1/2004
10941011 1			22,342.00		22,283.12		09-Dec-2004		10.875%		CA - 15.00%		Paid Off - 180		5/1/2004
10941312 1			60,240.00		59,852.54		26-Nov-2004		6.500%		CA - 80.00%		Paid Off - 360		5/1/2004
10941314 1			15,060.00		15,016.99		26-Nov-2004		10.500%		CA - 20.00%		Paid Off - 180		5/1/2004
10941387 2			337,500.00		336,372.34		22-Nov-2004		9.000%		CA - 90.00%		Paid Off - 360		6/1/2004
10941722 1			201,620.00		201,620.00		02-Dec-2004		6.875%		CA - 91.65%		Paid Off - 360		5/1/2004
10942219 1			173,600.00		172,369.67		22-Nov-2004		5.990%		CA - 80.00%		Paid Off - 360		5/1/2004
10942221 1			43,400.00		43,285.65		22-Nov-2004		10.875%		CA - 20.00%		Paid Off - 180		5/1/2004
10942468 1			95,000.00		94,403.44		16-Nov-2004		6.625%		MD - 51.35%		Paid Off - 360		5/1/2004
10943618 2			385,000.00		381,787.05		01-Dec-2004		5.875%		CA - 74.04%		Paid Off - 360		4/1/2004
10944664 2			140,000.00		139,576.29		19-Nov-2004		10.875%		CA - 20.00%		Paid Off - 180		4/1/2004
10944909 1			248,000.00		248,000.00		23-Nov-2004		4.490%		CA - 80.00%		Paid Off - 360		7/1/2004
10945173 2			69,700.00		69,292.97		09-Dec-2004		7.000%		DC - 85.00%		Paid Off - 360		5/1/2004
10945218 1			22,000.00		21,944.42		08-Dec-2004		12.125%		MD - 20.00%		Paid Off - 180		4/1/2004
10946288 2			399,950.00		397,498.48		16-Nov-2004		6.750%		CA - 85.10%		Paid Off - 360		5/1/2004
10946375 1			120,000.00		119,228.19		13-Dec-2004		6.500%		CA - 80.00%		Paid Off - 360		5/1/2004
10946494 2			570,192.00		570,192.00		03-Dec-2004		5.990%		CA - 80.00%		Paid Off - 360		6/1/2004
10946495 2			106,911.00		106,620.64		03-Dec-2004		9.990%		CA - 15.00%		Paid Off - 180		6/1/2004
10947653 2			600,000.00		600,000.00		22-Nov-2004		5.125%		CA - 80.00%		Paid Off - 360		5/1/2004
10948201 1			276,000.00		273,645.10		13-Dec-2004		4.990%		CA - 80.00%		Paid Off - 360		5/1/2004
10948202 2			69,000.00		68,701.11		13-Dec-2004		8.500%		CA - 20.00%		Paid Off - 180		5/1/2004
10948691 1			276,000.00		274,043.87		24-Nov-2004		5.990%		CA - 80.00%		Paid Off - 360		5/1/2004
10948692 2			69,000.00		68,769.07		24-Nov-2004		9.750%		CA - 20.00%		Paid Off - 180		5/1/2004
10948739 1			44,700.00		44,564.76		09-Dec-2004		10.875%		CA - 15.00%		Paid Off - 180		4/1/2004




Page 18 of 29
Morgan Stanley ABS Capital I Inc. 2004-WMC2

Mortgage Pass-Through Certificates

2004-WMC2

December 27, 2004 Distribution

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


&		Loan	Principal		Prepayment		Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount		Date		Rate		Origination		Original Term		Date

10949586 1			280,000.00		278,283.76		03-Dec-2004		6.750%		CA - 80.00%		Paid Off - 360		5/1/2004

10950259 1			224,900.00		223,306.09		02-Dec-2004		5.990%		CA - 89.96%		Paid Off - 360		5/1/2004
10951812 1			316,000.00		313,657.09		24-Nov-2004		5.750%		CA - 80.00%		Paid Off - 360		5/1/2004
10951813 2			79,000.00		78,690.44		24-Nov-2004		8.990%		CA - 20.00%		Paid Off - 180		5/1/2004
10951880 1			245,700.00		244,042.35		14-Dec-2004		6.250%		NV - 90.00%		Paid Off - 360		5/1/2004
10951914 2			163,200.00		162,349.27		24-Nov-2004		7.125%		PA - 85.00%		Paid Off - 360		6/1/2004
10951923 1			288,000.00		286,315.00		13-Dec-2004		6.990%		CA - 80.00%		Paid Off - 360		5/1/2004
10951924 2			72,000.00		71,810.24		13-Dec-2004		10.875%		CA - 20.00%		Paid Off - 180		5/1/2004
10952533 1			35,170.00		35,097.27		10-Dec-2004		11.990%		NV - 20.00%		Paid Off - 180		5/1/2004
10952582 2			396,000.00		396,000.00		18-Nov-2004		7.240%		CA - 90.00%		Paid Off - 360		5/1/2004
10952903 2			216,000.00		214,435.64		08-Dec-2004		5.875%		CA - 80.00%		Paid Off - 360		5/1/2004
10953565 2			692,100.00		688,561.01		06-Dec-2004		6.875%		CA - 90.00%		Paid Off - 360		6/1/2004
10953764 1			180,000.00		176,538.32		17-Nov-2004		6.250%		CA - 67.16%		Paid Off - 360		5/1/2004
10953779 2			461,600.00		458,485.80		01-Dec-2004		6.250%		CA - 80.00%		Paid Off - 360		5/1/2004
10953884 1			171,200.00		169,990.82		18-Nov-2004		6.251%		CA - 80.00%		Paid Off - 360		5/1/2004
10953886 1			42,800.00		42,667.63		18-Nov-2004		10.125%		CA - 20.00%		Paid Off - 180		5/1/2004
10954695 2			255,000.00		253,838.03		04-Nov-2004		8.250%		FL - 85.00%		Paid Off - 360		5/1/2004
10954952 2			125,248.00		124,585.02		19-Nov-2004		7.500%		WI - 80.00%		Paid Off - 360		5/1/2004
10954953 1			31,312.00		31,258.72		19-Nov-2004		12.875%		WI - 20.00%		Paid Off - 180		5/1/2004
10955226 2			336,000.00		334,034.19		16-Nov-2004		6.990%		CA - 76.36%		Paid Off - 360		5/1/2004
10955470 2			124,000.00		123,121.16		14-Dec-2004		5.990%		CA - 80.00%		Paid Off - 360		5/1/2004
10955471 1			31,000.00		30,911.45		14-Dec-2004		10.500%		CA - 20.00%		Paid Off - 180		5/1/2004
10955703 1			285,000.00		283,678.70		24-Nov-2004		7.375%		CA - 83.82%		Paid Off - 360		6/1/2004
10955781 1			127,500.00		127,000.33		23-Nov-2004		8.990%		CA - 85.00%		Paid Off - 360		5/1/2004
10956082 2			428,000.00		425,181.05		30-Nov-2004		6.376%		CA - 80.00%		Paid Off - 360		5/1/2004
10956083 2			53,500.00		53,330.14		30-Nov-2004		10.000%		CA - 10.00%		Paid Off - 180		5/1/2004
10956412 2			343,000.00		340,993.25		06-Dec-2004		6.990%		CA - 74.57%		Paid Off - 360		5/1/2004
10956714 1			174,800.00		174,115.02		09-Dec-2004		8.990%		WI - 95.00%		Paid Off - 360		5/1/2004
10957257 1			36,000.00		35,896.94		19-Nov-2004		10.490%		CA - 20.00%		Paid Off - 180		5/1/2004
10957386 1			220,000.00		218,290.99		30-Nov-2004		5.500%		CA - 56.41%		Paid Off - 360		5/1/2004
10958123 1			80,000.00		79,651.82		01-Dec-2004		7.700%		CA - 94.12%		Paid Off - 360		6/1/2004
10958763 1			248,000.00		246,600.55		16-Nov-2004		6.375%		NJ - 80.00%		Paid Off - 360		6/1/2004
10958856 2			358,440.00		356,972.68		30-Nov-2004		8.000%		KS - 80.00%		Paid Off - 360		6/1/2004
10958857 2			89,610.00		89,480.08		30-Nov-2004		12.875%		KS - 20.00%		Paid Off - 180		6/1/2004
10959115 1			171,000.00		170,264.10		01-Dec-2004		7.750%		WA - 72.15%		Paid Off - 360		6/1/2004
10959261 1			320,000.00		317,447.22		10-Dec-2004		4.500%		CA - 80.00%		Paid Off - 360		6/1/2004
10959265 2			80,000.00		79,716.08		10-Dec-2004		8.750%		CA - 20.00%		Paid Off - 180		6/1/2004
10959402 1			240,000.00		238,710.81		02-Dec-2004		6.625%		CA - 80.00%		Paid Off - 360		6/1/2004




Page 19 of 29
Morgan Stanley ABS Capital I Inc. 2004-WMC2

Mortgage Pass-Through Certificates

2004-WMC2

December 27, 2004 Distribution

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


&		Loan	Principal		Prepayment		Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount		Date		Rate		Origination		Original Term		Date

10959406 1			60,000.00		59,862.68		02-Dec-2004		10.875%		CA - 20.00%		Paid Off - 180		6/1/2004

10959435 1			311,000.00		309,593.34		23-Nov-2004		7.500%		CA - 90.14%		Paid Off - 360		6/1/2004
10959458 2			101,250.00		100,744.70		01-Dec-2004		7.000%		FL - 75.00%		Paid Off - 360		6/1/2004
10959488 1			188,500.00		187,197.70		15-Dec-2004		6.125%		CA - 68.55%		Paid Off - 360		5/1/2004
10959896 1			205,000.00		203,760.11		10-Dec-2004		6.000%		CA - 82.00%		Paid Off - 360		6/1/2004
10959910 1			180,000.00		180,000.00		23-Nov-2004		6.625%		CA - 81.82%		Paid Off - 360		6/1/2004
10960015 1			252,200.00		251,059.29		17-Nov-2004		7.500%		CA - 97.00%		Paid Off - 360		6/1/2004
10960038 2			408,500.00		405,996.09		03-Dec-2004		6.750%		CA - 95.00%		Paid Off - 360		5/1/2004
10960094 1			209,500.00		208,444.73		03-Dec-2004		5.990%		NV - 87.29%		Paid Off - 360		7/1/2004
10960250 1			100,400.00		99,648.30		03-Dec-2004		5.875%		AZ - 80.00%		Paid Off - 360		5/1/2004
10960251 1			25,100.00		24,996.73		03-Dec-2004		12.875%		AZ - 20.00%		Paid Off - 180		5/1/2004
10960719 1			66,600.00		66,338.10		17-Nov-2004		8.250%		VA - 74.00%		Paid Off - 360		6/1/2004
10960968 2			92,323.00		92,022.02		01-Dec-2004		9.875%		CA - 16.00%		Paid Off - 180		5/1/2004
10961101 1			73,600.00		73,210.42		06-Dec-2004		7.500%		AZ - 80.00%		Paid Off - 360		5/1/2004
10961102 1			18,400.00		18,365.97		06-Dec-2004		12.500%		AZ - 20.00%		Paid Off - 180		5/1/2004
10961151 1			126,000.00		125,107.02		30-Nov-2004		5.990%		RI - 78.75%		Paid Off - 360		5/1/2004
10962025 1			234,000.00		232,829.93		16-Nov-2004		6.990%		CA - 90.00%		Paid Off - 360		6/1/2004
10962525 1			285,000.00		283,316.63		02-Dec-2004		6.125%		CA - 75.00%		Paid Off - 360		6/1/2004
10962702 1			197,500.00		196,606.71		29-Nov-2004		7.500%		NY - 71.82%		Paid Off - 360		6/1/2004
10962860 2			288,000.00		286,187.74		02-Dec-2004		5.790%		IL - 80.00%		Paid Off - 360		6/1/2004
10962909 2			72,000.00		71,759.07		02-Dec-2004		8.990%		IL - 20.00%		Paid Off - 180		6/1/2004
10963010 2			650,250.00		647,745.45		13-Dec-2004		7.375%		CA - 72.65%		Paid Off - 360		7/1/2004
10963011 2			200,000.00		199,595.58		13-Dec-2004		10.500%		CA - 22.35%		Paid Off - 180		7/1/2004
10963101 1			173,600.00		172,499.40		06-Dec-2004		5.750%		CA - 80.00%		Paid Off - 360		6/1/2004
10963102 1			43,400.00		43,269.34		06-Dec-2004		9.500%		CA - 20.00%		Paid Off - 180		6/1/2004
10963182 1			279,200.00		277,803.94		16-Nov-2004		6.990%		CA - 80.00%		Paid Off - 360		6/1/2004
10963184 2			69,800.00		69,643.01		16-Nov-2004		10.875%		CA - 20.00%		Paid Off - 180		6/1/2004
10963354 1			284,000.00		281,927.31		03-Dec-2004		4.990%		CA - 80.00%		Paid Off - 360		6/1/2004
10963357 2			71,000.00		70,723.64		03-Dec-2004		8.250%		CA - 20.00%		Paid Off - 180		6/1/2004
10963638 2			90,000.00		89,753.63		19-Nov-2004		10.875%		CA - 20.00%		Paid Off - 180		6/1/2004
10963694 2			452,000.00		449,904.44		14-Dec-2004		7.375%		CA - 80.00%		Paid Off - 360		6/1/2004
10963817 1			183,000.00		182,163.84		06-Dec-2004		6.500%		MD - 83.75%		Paid Off - 360		7/1/2004
10963831 1			198,400.00		197,282.69		13-Dec-2004		6.375%		CA - 80.00%		Paid Off - 360		6/1/2004
10963835 1			49,600.00		49,478.54		13-Dec-2004		10.500%		CA - 20.00%		Paid Off - 360		6/1/2004
10963859 1			84,000.00		83,515.53		14-Dec-2004		6.250%		FL - 80.00%		Paid Off - 360		6/1/2004
10963865 1			21,000.00		20,969.57		14-Dec-2004		12.875%		FL - 20.00%		Paid Off - 180		6/1/2004
10963872 1			140,000.00		139,141.83		16-Nov-2004		6.750%		CA - 65.12%		Paid Off - 360		5/1/2004
10963880 1			53,550.00		53,278.18		15-Dec-2004		7.750%		PA - 85.00%		Paid Off - 360		5/1/2004




Page 20 of 29
Morgan Stanley ABS Capital I Inc. 2004-WMC2

Mortgage Pass-Through Certificates

2004-WMC2

December 27, 2004 Distribution

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


&		Loan	Principal		Prepayment		Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount		Date		Rate		Origination		Original Term		Date

10964444 1			327,200.00		325,526.84		14-Dec-2004		6.875%		CA - 80.00%		Paid Off - 360		6/1/2004

10964445 2			81,800.00		81,515.79		14-Dec-2004		10.750%		CA - 20.00%		Paid Off - 180		6/1/2004
10964507 2			470,345.00		468,346.50		03-Dec-2004		6.875%		CA - 75.00%		Paid Off - 360		7/1/2004
10964560 1			156,000.00		155,287.18		02-Dec-2004		6.500%		CA - 80.00%		Paid Off - 360		7/1/2004
10964621 2			380,000.00		377,910.72		16-Nov-2004		6.500%		CA - 95.00%		Paid Off - 360		6/1/2004
10964889 1			240,000.00		238,478.45		14-Dec-2004		5.750%		CA - 80.00%		Paid Off - 360		6/1/2004
10965169 1			196,000.00		194,636.25		10-Dec-2004		5.250%		CA - 80.00%		Paid Off - 360		6/1/2004
10965665 1			129,600.00		129,113.05		30-Nov-2004		7.500%		WA - 80.00%		Paid Off - 360		7/1/2004
10965839 2			459,000.00		456,379.69		18-Nov-2004		7.125%		CA - 90.00%		Paid Off - 360		5/1/2004
10966252 1			147,250.00		146,638.71		06-Dec-2004		7.000%		CA - 95.00%		Paid Off - 360		7/1/2004
10966529 2			200,000.00		200,000.00		01-Dec-2004		5.875%		MD - 80.00%		Paid Off - 360		6/1/2004
10966530 1			50,000.00		49,033.77		01-Dec-2004		9.990%		MD - 20.00%		Paid Off - 360		6/1/2004
10966671 1			297,500.00		295,941.38		19-Nov-2004		6.750%		CA - 85.00%		Paid Off - 360		6/1/2004
10966839 1			192,000.00		190,865.96		06-Dec-2004		6.125%		CA - 83.48%		Paid Off - 360		6/1/2004
10966885 2			416,000.00		413,484.41		30-Nov-2004		6.001%		CA - 80.00%		Paid Off - 360		6/1/2004
10966886 2			104,000.00		103,766.09		01-Dec-2004		10.875%		CA - 20.00%		Paid Off - 180		6/1/2004
10966957 2			370,000.00		368,446.90		01-Dec-2004		7.875%		GA - 92.50%		Paid Off - 360		6/1/2004
10967022 2			481,650.00		481,650.00		09-Dec-2004		6.625%		CA - 95.00%		Paid Off - 360		6/1/2004
10967083 1			52,000.00		51,037.95		03-Dec-2004		7.750%		OH - 54.17%		Paid Off - 180		6/1/2004
10967382 1			248,000.00		246,806.14		17-Nov-2004		6.510%		IL - 80.00%		Paid Off - 360		7/1/2004
10967449 2			372,000.00		370,085.34		18-Nov-2004		5.876%		CA - 80.00%		Paid Off - 360		7/1/2004
10967450 2			93,000.00		92,755.17		18-Nov-2004		9.250%		CA - 20.00%		Paid Off - 360		7/1/2004
10967697 2			130,000.00		129,393.01		24-Nov-2004		7.750%		VA - 59.09%		Paid Off - 360		6/1/2004
10967736 1			331,550.00		329,942.65		10-Dec-2004		7.990%		CA - 95.00%		Paid Off - 360		6/1/2004
10968039 2			133,000.00		132,263.06		22-Nov-2004		5.750%		FL - 89.86%		Paid Off - 360		7/1/2004
10968097 2			396,000.00		396,000.00		22-Nov-2004		6.990%		CA - 80.00%		Paid Off - 360		6/1/2004
10968098 2			99,000.00		98,777.37		22-Nov-2004		10.875%		CA - 20.00%		Paid Off - 360		6/1/2004
10968371 1			127,500.00		126,626.32		03-Dec-2004		4.750%		CA - 75.00%		Paid Off - 360		7/1/2004
10968480 2			305,000.00		303,201.49		01-Dec-2004		6.750%		MD - 82.43%		Paid Off - 360		6/1/2004
10968910 1			120,000.00		119,492.77		26-Nov-2004		7.840%		CA - 61.54%		Paid Off - 360		6/1/2004
10969057 2			500,000.00		500,000.00		08-Dec-2004		6.750%		CA - 79.49%		Paid Off - 360		6/1/2004
10969058 2			65,900.00		65,747.78		08-Dec-2004		10.750%		CA - 10.48%		Paid Off - 180		6/1/2004
10969282 1			180,000.00		178,845.11		07-Dec-2004		6.990%		CA - 90.00%		Paid Off - 360		7/1/2004
10969314 2			272,000.00		272,000.00		24-Nov-2004		5.875%		CA - 80.00%		Paid Off - 360		6/1/2004
10969322 1			201,500.00		200,252.17		03-Dec-2004		5.875%		CA - 79.96%		Paid Off - 360		6/1/2004
10969358 2			68,000.00		67,842.91		24-Nov-2004		10.750%		CA - 20.00%		Paid Off - 360		6/1/2004
10969472 1			119,920.00		119,193.32		23-Nov-2004		5.990%		CA - 79.95%		Paid Off - 360		6/1/2004
10969473 2			29,980.00		29,795.99		23-Nov-2004		10.875%		CA - 19.99%		Paid Off - 360		6/1/2004




Page 21 of 29
Morgan Stanley ABS Capital I Inc. 2004-WMC2

Mortgage Pass-Through Certificates

2004-WMC2

December 27, 2004 Distribution

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


&		Loan	Principal		Prepayment		Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount		Date		Rate		Origination		Original Term		Date

10969498 2			420,000.00		420,000.00		24-Nov-2004		6.990%		CA - 80.00%		Paid Off - 360		6/1/2004

10969501 2			105,000.00		104,757.40		26-Nov-2004		10.750%		CA - 20.00%		Paid Off - 360		6/1/2004
10969805 1			60,300.00		60,032.94		02-Dec-2004		7.625%		VA - 90.00%		Paid Off - 360		6/1/2004
10969843 1			142,200.00		141,581.04		26-Nov-2004		6.751%		CA - 80.00%		Paid Off - 360		7/1/2004
10970055 1			280,000.00		278,589.62		01-Dec-2004		5.990%		CA - 74.27%		Paid Off - 360		7/1/2004
10970072 1			120,000.00		117,387.21		03-Dec-2004		5.500%		CA - 60.00%		Paid Off - 180		6/1/2004
10970110 1			46,350.00		46,245.54		17-Nov-2004		9.990%		IL - 14.95%		Paid Off - 180		7/1/2004
10970189 1			295,000.00		293,370.64		17-Nov-2004		5.500%		CA - 77.23%		Paid Off - 360		7/1/2004
10970648 1			182,250.00		181,247.83		01-Dec-2004		6.500%		CA - 90.00%		Paid Off - 360		6/1/2004
10970746 1			192,800.00		191,729.77		13-Dec-2004		6.450%		CA - 80.00%		Paid Off - 360		6/1/2004
10970747 1			48,200.00		48,091.62		13-Dec-2004		10.875%		CA - 20.00%		Paid Off - 360		6/1/2004
10970854 1			242,100.00		241,166.93		19-Nov-2004		7.375%		CA - 90.00%		Paid Off - 360		7/1/2004
10971050 1			219,000.00		217,790.42		01-Dec-2004		5.500%		NY - 64.41%		Paid Off - 360		7/1/2004
10971054 1			132,000.00		131,200.11		08-Dec-2004		5.990%		CA - 80.00%		Paid Off - 360		6/1/2004
10971057 1			33,000.00		32,925.80		08-Dec-2004		10.875%		CA - 20.00%		Paid Off - 180		6/1/2004
10971155 1			317,600.00		317,600.00		03-Dec-2004		6.000%		NV - 80.00%		Paid Off - 360		7/1/2004
10971168 2			79,400.00		79,277.57		03-Dec-2004		11.750%		NV - 20.00%		Paid Off - 360		7/1/2004
10971845 1			144,000.00		143,348.67		14-Dec-2004		7.500%		CA - 80.00%		Paid Off - 360		6/1/2004
10971959 1			100,000.00		99,452.81		14-Dec-2004		5.550%		MO - 80.00%		Paid Off - 360		7/1/2004
10971963 1			25,000.00		24,937.55		14-Dec-2004		9.500%		MO - 20.00%		Paid Off - 360		7/1/2004
10972251 1			331,200.00		328,999.81		01-Dec-2004		5.500%		CA - 80.00%		Paid Off - 360		6/1/2004
10972586 1			137,000.00		136,168.53		16-Nov-2004		4.990%		RI - 83.54%		Paid Off - 360		7/1/2004
10972596 1			306,000.00		304,387.22		01-Dec-2004		5.750%		CA - 90.00%		Paid Off - 360		7/1/2004
10972695 1			294,400.00		292,619.73		22-Nov-2004		6.001%		CA - 94.98%		Paid Off - 360		6/1/2004
10972801 1			138,432.00		137,633.57		06-Dec-2004		6.250%		NV - 80.00%		Paid Off - 360		6/1/2004
10972804 1			34,608.00		34,540.03		06-Dec-2004		11.500%		NV - 20.00%		Paid Off - 360		6/1/2004
10972956 1			155,000.00		154,341.54		30-Nov-2004		6.876%		IL - 91.99%		Paid Off - 360		7/1/2004
10973053 2			408,000.00		406,897.77		19-Nov-2004		9.125%		CA - 71.20%		Paid Off - 360		7/1/2004
10973097 1			313,500.00		312,011.43		02-Dec-2004		6.300%		CA - 95.00%		Paid Off - 360		7/1/2004
10973119 2			221,250.00		220,298.23		18-Nov-2004		8.250%		NY - 75.00%		Paid Off - 360		6/1/2004
10973203 1			224,000.00		222,811.96		30-Nov-2004		6.750%		NV - 80.00%		Paid Off - 360		6/1/2004
10973297 1			259,250.00		258,201.01		07-Dec-2004		7.125%		FL - 85.00%		Paid Off - 360		7/1/2004
10973341 1			264,200.00		262,869.22		19-Nov-2004		5.990%		CA - 79.10%		Paid Off - 360		7/1/2004
10973342 1			66,050.00		65,893.41		22-Nov-2004		9.750%		CA - 19.78%		Paid Off - 360		7/1/2004
10973641 1			175,750.00		174,783.59		14-Dec-2004		6.500%		GA - 95.00%		Paid Off - 360		6/1/2004
10975334 2			340,000.00		340,000.00		15-Dec-2004		4.600%		CA - 89.47%		Paid Off - 360		7/1/2004
10975397 1			250,000.00		248,963.58		14-Dec-2004		7.001%		CA - 65.79%		Paid Off - 360		7/1/2004
10975540 1			246,500.00		246,500.00		19-Nov-2004		5.450%		CA - 85.00%		Paid Off - 360		7/1/2004




Page 22 of 29
Morgan Stanley ABS Capital I Inc. 2004-WMC2

Mortgage Pass-Through Certificates

2004-WMC2

December 27, 2004 Distribution

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


&		Loan	Principal		Prepayment		Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount		Date		Rate		Origination		Original Term		Date

10975542 2			343,600.00		341,869.25		17-Nov-2004		5.990%		CA - 80.00%		Paid Off - 360		7/1/2004

10975543 2			85,900.00		85,716.79		17-Nov-2004		10.250%		CA - 20.00%		Paid Off - 180		7/1/2004
10975625 1			294,500.00		293,128.23		22-Nov-2004		6.400%		CA - 95.00%		Paid Off - 360		7/1/2004
10975661 2			80,750.00		80,474.92		09-Dec-2004		7.990%		PA - 85.00%		Paid Off - 360		7/1/2004
10976103 2			615,000.00		611,100.99		14-Dec-2004		5.750%		CA - 84.84%		Paid Off - 360		6/1/2004
10976624 1			210,000.00		208,893.37		08-Dec-2004		5.751%		CA - 68.85%		Paid Off - 360		7/1/2004
10976879 1			178,000.00		177,173.29		07-Dec-2004		7.250%		NY - 63.57%		Paid Off - 360		7/1/2004
10978078 1			289,750.00		288,192.06		18-Nov-2004		5.650%		CA - 95.00%		Paid Off - 360		7/1/2004
10978102 2			360,000.00		358,672.64		22-Nov-2004		7.625%		CA - 90.00%		Paid Off - 360		7/1/2004
10978251 2			346,750.00		345,398.01		06-Dec-2004		7.500%		NY - 95.00%		Paid Off - 360		7/1/2004
10979245 1			333,000.00		331,865.50		26-Nov-2004		7.990%		CA - 90.00%		Paid Off - 360		7/1/2004
10979405 1			392,000.00		389,830.89		01-Dec-2004		5.490%		IL - 80.00%		Paid Off - 360		7/1/2004
10979410 2			89,000.00		88,726.58		01-Dec-2004		8.500%		IL - 18.16%		Paid Off - 360		7/1/2004
10979577 2			90,000.00		89,737.29		02-Dec-2004		8.750%		CA - 20.00%		Paid Off - 360		7/1/2004
10979578 2			360,000.00		360,000.00		02-Dec-2004		5.250%		CA - 80.00%		Paid Off - 360		7/1/2004
10979754 1			318,750.00		317,144.42		23-Nov-2004		5.990%		CA - 85.00%		Paid Off - 360		7/1/2004
10981720 1			287,920.00		286,809.60		09-Dec-2004		7.375%		VA - 80.00%		Paid Off - 360		7/1/2004
10981723 2			71,980.00		71,862.57		09-Dec-2004		11.500%		VA - 20.00%		Paid Off - 360		7/1/2004
10983563 1			238,000.00		235,368.66		02-Dec-2004		5.990%		IL - 65.03%		Paid Off - 360		7/1/2004
10983574 1			272,000.00		270,696.07		30-Nov-2004		6.250%		MD - 80.00%		Paid Off - 360		7/1/2004
10983576 2			68,000.00		67,838.75		30-Nov-2004		9.750%		MD - 20.00%		Paid Off - 360		7/1/2004


TOTAL			43,054,413.00		42,848,551.77



Page 23 of 29
Morgan Stanley ABS Capital I Inc. 2004-WMC2

Mortgage Pass-Through Certificates

2004-WMC2

December 27, 2004 Distribution
Realized Loss Report

COLLATERAL REALIZED LOSSES



										Group 2		Group 1		Total


*Current*




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

*Cumulative*




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










Page 24 of 29
Morgan Stanley ABS Capital I Inc. 2004-WMC2

Mortgage Pass-Through Certificates

2004-WMC2

December 27, 2004 Distribution


DEFAULT SPEEDS



										Group 2		Group 1		Total



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


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


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


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












Page 25 of 29
Morgan Stanley ABS Capital I Inc. 2004-WMC2

Mortgage Pass-Through Certificates

2004-WMC2

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 26 of 29
Morgan Stanley ABS Capital I Inc. 2004-WMC2

Mortgage Pass-Through Certificates

2004-WMC2

December 27, 2004 Distribution
Realized Loss Detail Report
Loan Number			Current		State &			Prior		Realized				Cumulative

&		Loan	Note		LTV at	Original		Principal		Loss/(Gain)		Realized		Realized

Loan Group		Status	Rate		Origination	Term		Balance		Revision		Loss/(Gain)		Loss/(Gain)





TOTAL



Page 27 of 29
Morgan Stanley ABS Capital I Inc. 2004-WMC2

Mortgage Pass-Through Certificates

2004-WMC2

December 27, 2004 Distribution
Triggers and Adj. Cert. Report
TRIGGER EVENTS

									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													25,042,617.56
Class A-3 Accelerated Event Occured (0 = No, 1=Yes)													0
Ending Balance													1,160,299,609.85
Senior Enhancement Percentage													22.0200%
Class A-3 Accelerated Amortization Amount													0



ADJUSTABLE RATE CERTIFICATE INFORMATION

SPACE INTENTIONALLY LEFT BLANK



ADDITIONAL INFORMATION

									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 28 of 29
Morgan Stanley ABS Capital I Inc. 2004-WMC2

Mortgage Pass-Through Certificates

2004-WMC2

December 27, 2004 Distribution
Other Related Information
ADDITIONAL INFORMATION

									Group 2		Group 1		Total
Current Scheduled Payments									3,444,178.15		4,261,036.25		7,705,214.40
Current Scheduled Payments 1 Month Prior									3,568,977.16		4,393,043.08		7,962,020.25
Current Scheduled Payments 2 Month Prior									3,680,430.23		4,498,054.30		8,178,484.54
Current Scheduled Payments 3 Month Prior									3,766,273.74		4,579,867.86		8,346,141.59
Current Scheduled Payments 4 Month Prior									0.00		0.00		0.00
Current Scheduled Payments 5 Month Prior									0.00		0.00		0.00
Current Scheduled Payments 6 Month Prior									0.00		0.00		0.00
Current Scheduled Payments 7 Month Prior									0.00		0.00		0.00
Current Scheduled Payments 8 Month Prior									0.00		0.00		0.00
Current Scheduled Payments 9 Month Prior									0.00		0.00		0.00
Current Scheduled Payments 10 Month Prior									0.00		0.00		0.00
Current Scheduled Payments 11 Month Prior									0.00		0.00		0.00


Sched. Payments for 60+Day Delinquent Loans									77,520.91		32,363.80		109,884.71
Sched. Pmts - 60+Day Delinquent Loans, 1 Month Prior									51,456.23		22,304.92		73,761.15
Sched. Pmts - 60+Day Delinquent Loans, 2 Month Prior									16,016.20		10,869.02		26,885.22
Sched. Pmts - 60+Day Delinquent Loans, 3 Month Prior									0.00		0.00		0.00
Sched. Pmts - 60+Day Delinquent Loans, 4 Month Prior									0.00		0.00		0.00
Sched. Pmts - 60+Day Delinquent Loans, 5 Month Prior									0.00		0.00		0.00
Sched. Pmts - 60+Day Delinquent Loans, 6 Month Prior									0.00		0.00		0.00
Sched. Pmts - 60+Day Delinquent Loans, 7 Month Prior									0.00		0.00		0.00
Sched. Pmts - 60+Day Delinquent Loans, 8 Month Prior									0.00		0.00		0.00
Sched. Pmts - 60+Day Delinquent Loans, 9 Month Prior									0.00		0.00		0.00
Sched. Pmts - 60+Day Delinquent Loans, 10 Month Prior									0.00		0.00		0.00
Sched. Pmts - 60+Day Delinquent Loans, 11 Month Prior									0.00		0.00		0.00




Page 29 of 29

Morgan Stanley ABS Capital I Inc. Trust 2004-WMC2 8-K