
                                    UNITED STATES
                          SECURITIES AND EXCHANGE COMMISSION
                                Washington, D.C. 20549

                                      FORM 8-K /A

                                   CURRENT REPORT
        Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

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


                                MORGAN STANLEY ABS CAPITAL I INC.
              (as Depositor under the Pooling and Servicing Agreement, dated
                as November 1, 2004, providing for the issuance of Mortgage
                           Pass-Through Certificates, Series 2004-NC8)
                      (Exact name of registrant as specified in charter)


                                         DELAWARE
                     (State or Other Jurisdiction of Incorporation)

               333-113543-17                        13-3939229
          (Commission File Number)        (I.R.S. Employer Identification No.)


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


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


             (Former name or former address, if changed since last report.)


     Check the appropriate box below if the Form 8-K filing is intended to
     simultaneously satisfy the filing obligation of the registrant under any
     of the following provisions (see General Instruction A.2. below):

     [  ] Written communications pursuant to Rule 425 under the Securities Act
     (17 CFR 230.425)

     [  ] Soliciting material pursuant to Rule 14a-12(b) under the Exchange Act
     (17 CFR 240.14a-12(b))

     [  ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
     Exchange Act (17 CFR 240.14d-2(b))

     [  ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
     Exchange Act (17 CFR 240.13e-4(c))


     Item 8.01 Other Events.

     This current report on Form 8-K relates to the monthly distribution
     reported to the holders of Morgan Stanley ABS Capital I Inc. Mortgage
     Pass-Through Certificates, Series 2004-NC8, which was made on
     November 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:  Jan 11, 2005               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-NC8

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2004-NC8

December 27, 2004 Distribution

				External Parties					Table of Contents

												Page
				Seller								Page
				Seller					1. Certificate Payment Report					2
				Morgan Stanley					1. Certificate Payment Report					2
				Morgan Stanley					2. Collection Account Report					4
									2. Collection Account Report					4
									3. Credit Enhancement Report					6
									4. Collateral Report					7
				Certificate Insurer(s)					5. Delinquency Report					10
				Certificate Insurer(s)					5. Delinquency Report					10
									6. REO Report					13

									7. Foreclosure Report					14
									8. Prepayment Report					15
									9. Prepayment Detail Report					18
									9. Prepayment Detail Report					18
									10. Realized Loss Report					20
									11. Realized Loss Detail Report					23
				Servicer(s)					11. Realized Loss Detail Report					23
				Servicer(s)					12. Triggers and Adj. Cert. Report					24
				Chase Manhattan Mortgage					12. Triggers and Adj. Cert. Report					24
				Chase Manhattan Mortgage					13. Other Related Information					25
				Countrywide Funding Corporation					13. Other Related Information					25
				Countrywide Funding Corporation


				Underwriter(s)
				Morgan Stanley & Co. Inc


									Total Number of Pages					25
									Total Number of Pages

				Dates					Contacts

				Cut-Off Date:		November 01, 2004			Eiko Akiyama
				Close Date:		November 17, 2004			Administrator
				First Distribution Date:		December 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			Factor Information:			(800) 735-7777
									Main Phone Number:			(714) 247-6000

						December 24, 2004
						December 24, 2004

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

				Revised Statement




Page 1 of 25
Morgan Stanley ABS Capital I Inc. 2004-NC8

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2004-NC8

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


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

A-1	FLT	$	533,155,000.00		533,155,000.00	1,463,214.28		7,957,073.33		9,420,287.61		0.00		0.00		525,197,926.67
A-1	FLT	$	533,155,000.00		533,155,000.00	1,463,214.28		7,957,073.33		9,420,287.61		0.00		0.00		525,197,926.67
A-2A	FLT	$	237,250,000.00		237,250,000.00	601,033.33		8,754,948.92		9,355,982.25		0.00		0.00		228,495,051.08
A-2B	FLT	$	88,001,000.00		88,001,000.00	237,602.70		0.00		237,602.70		0.00		0.00		88,001,000.00
A-2C	FLT	$	89,000,000.00		89,000,000.00	258,100.00		0.00		258,100.00		0.00		0.00		89,000,000.00
M-1	MEZ	$	59,325,000.00		59,325,000.00	179,293.33		0.00		179,293.33		0.00		0.00		59,325,000.00
M-2	MEZ	$	41,948,000.00		41,948,000.00	128,174.44		0.00		128,174.44		0.00		0.00		41,948,000.00
M-3	MEZ	$	17,977,000.00		17,977,000.00	56,927.17		0.00		56,927.17		0.00		0.00		17,977,000.00
M-4	MEZ	$	20,974,000.00		20,974,000.00	72,476.82		0.00		72,476.82		0.00		0.00		20,974,000.00
M-5	MEZ	$	17,977,000.00		17,977,000.00	64,117.97		0.00		64,117.97		0.00		0.00		17,977,000.00
M-6	MEZ	$	17,977,000.00		17,977,000.00	67,114.13		0.00		67,114.13		0.00		0.00		17,977,000.00
B-1	SUB	$	13,184,000.00		13,184,000.00	56,544.71		0.00		56,544.71		0.00		0.00		13,184,000.00
B-2	SUB	$	12,583,000.00		12,583,000.00	55,365.20		0.00		55,365.20		0.00		0.00		12,583,000.00
B-3	SUB	$	13,184,000.00		13,184,000.00	76,320.71		0.00		76,320.71		0.00		0.00		13,184,000.00
X	SUB	$	35,955,375.00		35,955,375.00	3,201,385.08		663.75		3,202,048.83		0.00		0.00		35,954,711.25
P	EXE	$	0.00		0.00	28,901.99		0.00		28,901.99		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			1,198,490,375.00		1,198,490,375.00	6,546,571.86		16,712,686.00		23,259,257.86		0.00		0.00		1,181,777,689.00
Total




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

								(1)		(1)		(2)		(3)		(4)=(2)+(3)	(5)
A-1	11/17/04		12/26/04		A-Act/360	61744CHK5		533,155,000.00		1,000.000000		2.744444		14.924503		17.668947	985.075497
A-2A	11/17/04		12/26/04		A-Act/360	61744CHL3		237,250,000.00		1,000.000000		2.533333		36.901787		39.435120	963.098213
A-2B	11/17/04		12/26/04		A-Act/360	61744CHM1		88,001,000.00		1,000.000000		2.700000		0.000000		2.700000	1,000.000000
A-2C	11/17/04		12/26/04		A-Act/360	61744CHN9		89,000,000.00		1,000.000000		2.900000		0.000000		2.900000	1,000.000000
M-1	11/17/04		12/26/04		A-Act/360	61744CHP4		59,325,000.00		1,000.000000		3.022222		0.000000		3.022222	1,000.000000
M-2	11/17/04		12/26/04		A-Act/360	61744CHQ2		41,948,000.00		1,000.000000		3.055555		0.000000		3.055555	1,000.000000
M-3	11/17/04		12/26/04		A-Act/360	61744CHR0		17,977,000.00		1,000.000000		3.166667		0.000000		3.166667	1,000.000000
M-4	11/17/04		12/26/04		A-Act/360	61744CHS8		20,974,000.00		1,000.000000		3.455555		0.000000		3.455555	1,000.000000
M-5	11/17/04		12/26/04		A-Act/360	61744CHT6		17,977,000.00		1,000.000000		3.566667		0.000000		3.566667	1,000.000000
M-6	11/17/04		12/26/04		A-Act/360	61744CHU3		17,977,000.00		1,000.000000		3.733333		0.000000		3.733333	1,000.000000
B-1	11/17/04		12/26/04		A-Act/360	61744CHV1		13,184,000.00		1,000.000000		4.288889		0.000000		4.288889	1,000.000000
B-2	11/17/04		12/26/04		A-Act/360	61744CHW9		12,583,000.00		1,000.000000		4.400000		0.000000		4.400000	1,000.000000
B-3	11/17/04		12/26/04		A-Act/360	61744CHX7		13,184,000.00		1,000.000000		5.788889		0.000000		5.788889	1,000.000000
X	11/17/04		12/26/04		A-Act/360			35,955,375.00		1,000.000000		89.037733		0.018460		89.056193	999.981540
P	11/17/04		12/24/04		A-30/360			0.00		0.000000		0.000000		0.000000		0.000000	0.000000
UT-R	11/17/04		12/24/04		A-30/360			0.00		0.000000		0.000000		0.000000		0.000000	0.000000




Page 2 of 25
Morgan Stanley ABS Capital I Inc. 2004-NC8

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2004-NC8

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	533,155,000.00		1,463,214.28		7,526,461.54	430,611.79		7,957,073.33		9,420,287.61		0.00		0.00		525,197,926.67
A-2A	237,250,000.00		601,033.33		8,281,158.61	473,790.31		8,754,948.92		9,355,982.25		0.00		0.00		228,495,051.08
A-2B	88,001,000.00		237,602.70		0.00	0.00		0.00		237,602.70		0.00		0.00		88,001,000.00
A-2C	89,000,000.00		258,100.00		0.00	0.00		0.00		258,100.00		0.00		0.00		89,000,000.00
M-1	59,325,000.00		179,293.33		0.00	0.00		0.00		179,293.33		0.00		0.00		59,325,000.00
M-2	41,948,000.00		128,174.44		0.00	0.00		0.00		128,174.44		0.00		0.00		41,948,000.00
M-3	17,977,000.00		56,927.17		0.00	0.00		0.00		56,927.17		0.00		0.00		17,977,000.00
M-4	20,974,000.00		72,476.82		0.00	0.00		0.00		72,476.82		0.00		0.00		20,974,000.00
M-5	17,977,000.00		64,117.97		0.00	0.00		0.00		64,117.97		0.00		0.00		17,977,000.00
M-6	17,977,000.00		67,114.13		0.00	0.00		0.00		67,114.13		0.00		0.00		17,977,000.00
B-1	13,184,000.00		56,544.71		0.00	0.00		0.00		56,544.71		0.00		0.00		13,184,000.00
B-2	12,583,000.00		55,365.20		0.00	0.00		0.00		55,365.20		0.00		0.00		12,583,000.00
B-3	13,184,000.00		76,320.71		0.00	0.00		0.00		76,320.71		0.00		0.00		13,184,000.00
X	35,955,375.00		3,201,385.08		627.83	35.92		663.75		3,202,048.83		0.00		0.00		35,954,711.25
P	0.00		28,901.99		0.00	0.00		0.00		28,901.99		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	1,198,490,375.00		6,546,571.86		15,808,247.98	904,438.02		16,712,686.00		23,259,257.86		0.00		0.00		1,181,777,689.00


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

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

Class	Rate		Balance		Interest	Interest SF		Interest		Adjustment		Interest		Interest		Interest
					(1)	(2)		(3)		(4)		(5)=(1)-(2)+(3)+(4)		(6)		(7)=(5)-(6)
A-1	2.47000%		533,155,000.00		1,463,214.28	0.00		0.00		0.00		1,463,214.28		1,463,214.28		0.00
A-2A	2.28000%		237,250,000.00		601,033.33	0.00		0.00		0.00		601,033.33		601,033.33		0.00
A-2B	2.43000%		88,001,000.00		237,602.70	0.00		0.00		0.00		237,602.70		237,602.70		0.00
A-2C	2.61000%		89,000,000.00		258,100.00	0.00		0.00		0.00		258,100.00		258,100.00		0.00
M-1	2.72000%		59,325,000.00		179,293.33	0.00		0.00		0.00		179,293.33		179,293.33		0.00
M-2	2.75000%		41,948,000.00		128,174.44	0.00		0.00		0.00		128,174.44		128,174.44		0.00
M-3	2.85000%		17,977,000.00		56,927.17	0.00		0.00		0.00		56,927.17		56,927.17		0.00
M-4	3.11000%		20,974,000.00		72,476.82	0.00		0.00		0.00		72,476.82		72,476.82		0.00
M-5	3.21000%		17,977,000.00		64,117.97	0.00		0.00		0.00		64,117.97		64,117.97		0.00
M-6	3.36000%		17,977,000.00		67,114.13	0.00		0.00		0.00		67,114.13		67,114.13		0.00
B-1	3.86000%		13,184,000.00		56,544.71	0.00		0.00		0.00		56,544.71		56,544.71		0.00
B-2	3.96000%		12,583,000.00		55,365.20	0.00		0.00		0.00		55,365.20		55,365.20		0.00
B-3	4.89441%		13,184,000.00		71,697.66	0.00		0.00		0.00		71,697.66		76,320.71		0.00
X	80.13396%		35,955,375.00		0.00	0.00		0.00		0.00		0.00		3,201,385.08		0.00
P	0.00000%		0.00		0.00	0.00		0.00		0.00		0.00		28,901.99		0.00
UT-R	0.00000%		0.00		0.00	0.00		0.00		0.00		0.00		0.00		0.00


Total			1,198,490,375.00		3,311,661.74	0.00		0.00		0.00		3,311,661.74		6,546,571.86		0.00



Page 3 of 25
Morgan Stanley ABS Capital I Inc. 2004-NC8

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2004-NC8

December 27, 2004 Distribution
Collection Account Report
SUMMARY
SUMMARY
									Group 2		Group 1		Total
Principal Collections									8,727,096.13		7,955,039.26		16,682,135.39
Principal Withrawals									0.00		0.00		0.00
Principal Other Accounts									28,200.51		2,350.10		30,550.61
TOTAL NET PRINCIPAL									8,755,296.64		7,957,389.36		16,712,686.00
Interest Collections									2,875,431.33		3,685,384.16		6,560,815.49
Interest Withdrawals									-0.00		-0.00		-0.00
Interest Other Accounts									0.00		0.00		28,901.99
Interest Fees									-19,295.13		-23,850.49		-43,145.62
TOTAL NET INTEREST									2,856,136.20		3,661,533.67		6,546,571.86
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION									11,611,432.84		11,618,923.03		23,259,257.86



PRINCIPAL - COLLECTIONS
PRINCIPAL - COLLECTIONS
										Group 2		Group 1		Total
Scheduled Principal Received										349,475.40		554,962.62		904,438.02
Prepayments In Full										8,358,239.84		7,358,412.64		15,716,652.48
Curtailments										19,380.89		41,664.00		61,044.89
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										-323,980.01		-514,764.62		-838,744.63
Advanced Principal										323,980.01		514,764.62		838,744.63
TOTAL PRINCIPAL COLLECTED										8,727,096.13		7,955,039.26		16,682,135.39


PRINCIPAL - WITHDRAWALS

SPACE INTENTIONALLY LEFT BLANK



PRINCIPAL - OTHER ACCOUNTS
PRINCIPAL - OTHER ACCOUNTS
									Group 2		Group 1		Total
Closing Deposit									28,200.51		2,350.10		30,550.61
TOTAL OTHER ACCOUNTS PRINCIPAL									28,200.51		2,350.10		30,550.61





Page 4 of 25
Morgan Stanley ABS Capital I Inc. 2004-NC8

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2004-NC8

December 27, 2004 Distribution

INTEREST - COLLECTIONS
INTEREST - COLLECTIONS
									Group 2		Group 1		Total
Scheduled Interest									3,076,132.61		3,944,690.64		7,020,823.25
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									-6,699.15		-6,374.49		-13,073.64
Compensating Interest									6,699.15		6,374.49		13,073.64
Delinquent Interest									-2,837,378.47		-3,645,896.28		-6,483,274.75
Interest Advanced									2,636,677.18		3,386,589.81		6,023,266.99
TOTAL INTEREST COLLECTED									2,875,431.33		3,685,384.16		6,560,815.49


INTEREST - WITHDRAWALS
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
INTEREST - OTHER ACCOUNTS
									Group 2		Group 1		Total
Prepayment Charges													#######
TOTAL INTEREST OTHER ACCOUNTS									0.00		0.00		28,901.99



INTEREST - FEES
INTEREST - FEES
									Group 2		Group 1		Total
Current Servicing Fees									17,635.77		21,714.73		39,350.50
Current Trustee Fees									1,659.36		2,135.76		3,795.12
TOTAL INTEREST OTHER FEES									19,295.13		23,850.49		43,145.62




Page 5 of 25
Morgan Stanley ABS Capital I Inc. 2004-NC8

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2004-NC8

December 27, 2004 Distribution
Credit Enhancement Report
ACCOUNTS

SPACE INTENTIONALLY LEFT BLANK



INSURANCE

SPACE INTENTIONALLY LEFT BLANK



STRUCTURAL FEATURES
STRUCTURAL FEATURES
									Group 2		Group 1		Total
Overcollateralization Amount													35,955,375.00
Overcollateralization Target Amount													35,954,711.25
Overcollateralization Deficiency Amount													0.00
Overcollateralization Release Amount													663.75




Page 6 of 25
Morgan Stanley ABS Capital I Inc. 2004-NC8

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2004-NC8

December 27, 2004 Distribution
Collateral Report


COLLATERAL



										Group 2		Group 1		Total



Loan Count:


Original									2,400		4,179		6,579
Prior									2,400		4,179		6,579
Prefunding									0		0		0
Scheduled Paid Offs									-0		-0		-0
Full Voluntary Prepayments									-31		-36		-67
Repurchases									-0		-0		-0
Liquidations									-0		-0		-0
Current									2,369		4,143		6,512
Principal Balance:


Original									524,008,923.70		674,450,900.69		1,198,459,824.39
Prior									524,008,923.70		674,450,900.69		1,198,459,824.39
Prefunding									0.00		0.00		0.00
Scheduled Principal									-349,475.40		-554,962.62		-904,438.02
Partial Prepayments									-19,380.89		-41,664.00		-61,044.89
Full Voluntary Prepayments									-8,358,239.84		-7,358,412.64		-15,716,652.48
Repurchases									-0.00		-0.00		-0.00
Liquidations									-0.00		-0.00		-0.00
Current									515,281,827.57		666,495,861.43		1,181,777,689.00





PREFUNDING

SPACE INTENTIONALLY LEFT BLANK






Page 7 of 25
Morgan Stanley ABS Capital I Inc. 2004-NC8

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2004-NC8

December 27, 2004 Distribution

CHARACTERISTICS
CHARACTERISTICS
									Group 2		Group 1		Total
Weighted Average Coupon Original									7.04446%		7.01849%		7.02985%
Weighted Average Coupon Prior									7.04446%		7.01849%		7.02985%
Weighted Average Coupon Current									7.04446%		7.01849%		7.02985%
Weighted Average Months to Maturity Original									350		348		349
Weighted Average Months to Maturity Prior									350		348		349
Weighted Average Months to Maturity Current									350		348		349
Weighted Avg Remaining Amortization Term Original									350		348		349
Weighted Avg Remaining Amortization Term Prior									350		348		349
Weighted Avg Remaining Amortization Term Current									350		348		349
Weighted Average Seasoning Original									5.06		5.06		5.06
Weighted Average Seasoning Prior									5.06		5.06		5.06
Weighted Average Seasoning Current									5.06		5.06		5.06









Page 8 of 25
Morgan Stanley ABS Capital I Inc. 2004-NC8

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2004-NC8

December 27, 2004 Distribution

ARM CHARACTERISTICS
ARM CHARACTERISTICS
									Group 2		Group 1		Total
Weighted Average Margin Original									5.57110%		5.53740%		5.55242%
Weighted Average Margin Prior									5.57110%		5.53740%		5.55242%
Weighted Average Margin Current									5.57110%		5.53740%		5.55242%
Weighted Average Max Rate Original									14.07767%		13.99362%		14.03109%
Weighted Average Max Rate Prior									14.07767%		13.99362%		14.03109%
Weighted Average Max Rate Current									14.07767%		13.99362%		14.03109%
Weighted Average Min Rate Original									7.07428%		6.99492%		7.03029%
Weighted Average Min Rate Prior									7.07428%		6.99492%		7.03029%
Weighted Average Min Rate Current									7.07428%		6.99492%		7.03029%
Weighted Average Cap Up Original									1.51442%		1.51917%		1.51705%
Weighted Average Cap Up Prior									1.51442%		1.51917%		1.51705%
Weighted Average Cap Up Current									1.51442%		1.51917%		1.51705%
Weighted Average Cap Down Original									1.51442%		1.51917%		1.51705%
Weighted Average Cap Down Prior									1.51442%		1.51917%		1.51705%
Weighted Average Cap Down Current									1.51442%		1.51917%		1.51705%




SERVICING FEES & ADVANCES

										Group 2		Group 1		Total




Current Servicing Fees									17,635.77		21,714.73		39,350.50
Delinquent Servicing Fees									200,701.28		259,306.48		460,007.76
TOTAL SERVICING FEES									218,337.05		281,021.22		499,358.27


Compensating Interest									-6,699.15		-6,374.49		-13,073.64
Delinquent Servicing Fees									-200,701.28		-259,306.48		-460,007.76
COLLECTED SERVICING FEES									104,195.89		15,340.25		26,276.87


Aggregate Advances with respect to this Distribution									2,128,853.00		2,707,307.77		4,836,160.77





ADDITIONAL COLLATERAL INFORMATION
									Group 2		Group 1		Total
Net Prepayment Interest Shortfall									0.00		0.00		0.00
Libor For Current Period													2.1100%




Page 9 of 25
Morgan Stanley ABS Capital I Inc. 2004-NC8

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2004-NC8

December 27, 2004 Distribution
Delinquency Report

	TOTAL
					< 1 PAYMENT	1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance			14,580,666.88		2,847,640.94		0.00		17,428,307.82
			% Balance			1.23%		0.24%		0.00%		1.47%
			# Loans			93		16		0		109
			% # Loans			1.43%		0.25%		0.00%		1.67%
	FORECLOSURE		Balance		0.00	0.00		0.00		0.00		0.00
			% Balance		0.00%	0.00%		0.00%		0.00%		0.00%
			# Loans		0	0		0		0		0
			% # Loans		0.00%	0.00%		0.00%		0.00%		0.00%
	BANKRUPTCY		Balance		2,149,586.76	470,947.81		0.00		0.00		2,620,534.57
			% Balance		0.18%	0.04%		0.00%		0.00%		0.22%
			# Loans		16	3		0		0		19
			% # Loans		0.25%	0.05%		0.00%		0.00%		0.29%
	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		2,149,586.76	15,051,614.69		2,847,640.94		0.00		20,048,842.39
			% Balance		0.18%	1.27%		0.24%		0.00%		1.70%
			# Loans		16	96		16		0		128
			% # Loans		0.25%	1.47%		0.25%		0.00%		1.97%









Page 10 of 25
Morgan Stanley ABS Capital I Inc. 2004-NC8

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2004-NC8

December 27, 2004 Distribution


	GROUP 1
					< 1 PAYMENT	1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance			7,005,574.72		0.00		0.00		7,005,574.72
			% Balance			1.05%		0.00%		0.00%		1.05%
			# Loans			49		0		0		49
			% # Loans			1.18%		0.00%		0.00%		1.18%
	FORECLOSURE		Balance		0.00	0.00		0.00		0.00		0.00
			% Balance		0.00%	0.00%		0.00%		0.00%		0.00%
			# Loans		0	0		0		0		0
			% # Loans		0.00%	0.00%		0.00%		0.00%		0.00%
	BANKRUPTCY		Balance		1,637,193.53	208,488.10		0.00		0.00		1,845,681.63
			% Balance		0.25%	0.03%		0.00%		0.00%		0.28%
			# Loans		12	2		0		0		14
			% # Loans		0.29%	0.05%		0.00%		0.00%		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		1,637,193.53	7,214,062.82		0.00		0.00		8,851,256.35
			% Balance		0.25%	1.08%		0.00%		0.00%		1.33%
			# Loans		12	51		0		0		63
			% # Loans		0.29%	1.23%		0.00%		0.00%		1.52%










Page 11 of 25
Morgan Stanley ABS Capital I Inc. 2004-NC8

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2004-NC8

December 27, 2004 Distribution

	GROUP 2
					< 1 PAYMENT	1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance			7,575,092.16		2,847,640.94		0.00		10,422,733.10
			% Balance			1.47%		0.55%		0.00%		2.02%
			# Loans			44		16		0		60
			% # Loans			1.86%		0.68%		0.00%		2.53%
	FORECLOSURE		Balance		0.00	0.00		0.00		0.00		0.00
			% Balance		0.00%	0.00%		0.00%		0.00%		0.00%
			# Loans		0	0		0		0		0
			% # Loans		0.00%	0.00%		0.00%		0.00%		0.00%
	BANKRUPTCY		Balance		512,393.23	262,459.71		0.00		0.00		774,852.94
			% Balance		0.10%	0.05%		0.00%		0.00%		0.15%
			# Loans		4	1		0		0		5
			% # Loans		0.17%	0.04%		0.00%		0.00%		0.21%
	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		512,393.23	7,837,551.87		2,847,640.94		0.00		11,197,586.04
			% Balance		0.10%	1.52%		0.55%		0.00%		2.17%
			# Loans		4	45		16		0		65
			% # Loans		0.17%	1.90%		0.68%		0.00%		2.74%









Page 12 of 25
Morgan Stanley ABS Capital I Inc. 2004-NC8

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2004-NC8

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

													First
&			Principal		Principal	Paid to		Note		LTV at		Original		Payment

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



TOTAL



Page 13 of 25
Morgan Stanley ABS Capital I Inc. 2004-NC8

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2004-NC8

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

													First
&			Principal		Principal	Paid to		Note		LTV at		Original		Payment

Loan Group			Balance		Balance	Date		Rate		Origination		Term		Date




TOTAL



Page 14 of 25
Morgan Stanley ABS Capital I Inc. 2004-NC8

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2004-NC8

December 27, 2004 Distribution
Prepayment Report

VOLUNTARY PREPAYMENTS
VOLUNTARY PREPAYMENTS

										Group 2		Group 1		Total




Current


Number of Paid in Full Loans									31		36		67
Number of Repurchased Loans									0		0		0
Total Number of Loans Prepaid in Full									31		36		67
Curtailments Amount									19,380.89		41,664.00		61,044.89
Paid in Full Balance									8,358,239.84		7,358,412.64		15,716,652.48
Repurchased Loans Balance									0.00		0.00		0.00
Total Prepayment Amount									8,377,620.73		7,400,076.64		15,777,697.37

Cumulative


Number of Paid in Full Loans									31		36		67
Number of Repurchased Loans									0		0		0
Total Number of Loans Prepaid in Full									31		36		67
Paid in Full Balance									8,358,239.84		7,358,412.64		15,716,652.48
Repurchased Loans Balance									0.00		0.00		0.00
Curtailments Amount									19,380.89		41,664.00		61,044.89
Total Prepayment Amount									8,377,620.73		7,400,076.64		15,777,697.37










Page 15 of 25
Morgan Stanley ABS Capital I Inc. 2004-NC8

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2004-NC8

December 27, 2004 Distribution

VOLUNTARY PREPAYMENTS RATES
VOLUNTARY PREPAYMENTS RATES

										Group 2		Group 1		Total



SMM									1.60%		1.10%		1.32%
3 Months Avg SMM									1.60%		1.10%		1.32%
12 Months Avg SMM									1.60%		1.10%		1.32%
Avg SMM Since Cut-off									1.60%		1.10%		1.32%


CPR									17.60%		12.41%		14.71%
3 Months Avg CPR									17.60%		12.41%		14.71%
12 Months Avg CPR									17.60%		12.41%		14.71%
Avg CPR Since Cut-off									17.60%		12.41%		14.71%


PSA									1,738.77%		1,225.24%		1,453.21%
3 Months Avg PSA Approximation									1,738.77%		1,225.23%		1,453.20%
12 Months Avg PSA Approximation									1,738.77%		1,225.23%		1,453.20%
Avg PSA Since Cut-off Approximation									1,738.77%		1,225.23%		1,453.20%










Page 16 of 25
Morgan Stanley ABS Capital I Inc. 2004-NC8

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2004-NC8

December 27, 2004 Distribution






PREPAYMENT CALCULATION METHODOLOGY

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

	Conditional Prepayment Rate (CPR): 1-((1-SMM)^12)
	PSA Standard Prepayment Model: CPR/(0.002*min(30,WAS))
	PSA Standard Prepayment Model: CPR/(0.002*min(30,WAS))
	Average SMM over period between nth month and mth month (AvgSMMn,m): [(1-SMMn)(1-SMMn+1)...*(1-SMMm)]^(1/months in period n,m)
	Average CPR over period between the nth month and mth month (AvgCPRn,m): 1-((1-AvgSMMn,m)^12)

	Average PSA Approximation over period between the nth month and mth month: AvgCPRn,m/(0.002*Avg WASn,m))
	Average WASn,m: (min(30,WASn)+min(30,WASn+1)+...+min(30,WASm)/(number of months in the period n,m)

	Weighted Average Seasoning (WAS)

	Note: Prepayment rates are calculated since deal issue date and include partial and full voluntary prepayments, liquidations, and repurchases.
	Dates correspond to distribution dates.




Page 17 of 25
Morgan Stanley ABS Capital I Inc. 2004-NC8

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2004-NC8

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

&		Loan	Principal		Prepayment		Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount		Date		Rate		Origination		Original Term		Date

1189905 1			108,750.00		108,064.54		01-Jan-1900		8.950%		NJ - 75.00%		Paid Off - 360		1/1/2004
1189905 1			108,750.00		108,064.54		01-Jan-1900		8.950%		NJ - 75.00%		Paid Off - 360		1/1/2004
1498381 2			285,500.00		284,316.15		30-Nov-2004		7.000%		MA - 68.80%		Paid Off - 360		7/1/2004
1518112 1			256,000.00		256,000.00		01-Jan-1900		6.400%		NV - 80.00%		Paid Off - 360		6/1/2004
1521522 2			337,000.00		337,000.00		30-Oct-2004		6.500%		CA - 89.63%		Paid Off - 360		6/1/2004
1522767 2			196,200.00		195,387.88		30-Nov-2004		8.350%		IL - 90.00%		Paid Off - 360		8/1/2004
1533609 1			184,000.00		183,138.78		29-Nov-2004		6.375%		HI - 80.00%		Paid Off - 360		7/1/2004
1548171 2			312,000.00		311,017.58		30-Nov-2004		7.250%		NV - 80.00%		Paid Off - 360		8/1/2004
1551432 1			56,100.00		55,696.86		30-Nov-2004		7.200%		IA - 85.00%		Paid Off - 360		7/1/2004
1570634 1			65,947.00		65,858.58		01-Jan-1900		11.350%		NV - 20.00%		Paid Off - 360		8/1/2004
1570987 1			39,600.00		39,398.09		01-Jan-1900		10.350%		IL - 20.00%		Paid Off - 240		8/1/2004
1571345 1			320,000.00		320,000.00		05-Nov-2004		5.125%		CA - 80.00%		Paid Off - 300		7/1/2004
1572479 1			60,000.00		#######		09-Nov-2004		7.550%		OH - 43.48%		Paid Off - 360		8/1/2004
1574164 2			130,800.00		130,367.35		30-Nov-2004		7.000%		CA - 80.00%		Paid Off - 360		8/1/2004
1575602 2			493,000.00		491,254.16		30-Nov-2004		6.650%		CA - 64.87%		Paid Off - 360		8/1/2004
1595594 2			350,500.00		350,500.00		30-Nov-2004		7.050%		CA - 81.51%		Paid Off - 360		8/1/2004
1597653 2			202,500.00		201,956.56		30-Nov-2004		8.050%		MN - 90.00%		Paid Off - 360		8/1/2004
1602407 1			175,000.00		174,342.43		05-Nov-2004		7.500%		CA - 54.69%		Paid Off - 360		7/1/2004
1603752 1			250,500.00		249,695.49		01-Jan-1900		7.150%		NV - 62.63%		Paid Off - 360		8/1/2004
1603955 1			324,000.00		322,944.86		01-Jan-1900		7.100%		CA - 78.07%		Paid Off - 360		8/1/2004
1607745 1			205,000.00		204,168.84		01-Jan-1900		6.625%		CA - 53.95%		Paid Off - 360		8/1/2004
1612402 1			283,500.00		283,500.00		01-Jan-1900		7.500%		CA - 90.00%		Paid Off - 360		8/1/2004
1617300 2			81,250.00		81,025.18		30-Nov-2004		7.900%		NM - 65.00%		Paid Off - 360		8/1/2004
1622200 1			198,000.00		197,999.75		01-Jan-1900		8.375%		CA - 90.00%		Paid Off - 360		8/1/2004
1622970 2			446,250.00		446,250.00		30-Nov-2004		7.875%		NV - 85.00%		Paid Off - 360		7/1/2004
1623426 1			288,000.00		288,000.00		01-Jan-1900		6.250%		CA - 90.00%		Paid Off - 360		8/1/2004
1625018 2			179,000.00		179,000.00		30-Nov-2004		5.790%		FL - 56.65%		Paid Off - 360		8/1/2004
1626463 2			50,000.00		49,888.34		30-Nov-2004		8.950%		MI - 33.33%		Paid Off - 360		8/1/2004
1629592 1			236,250.00		235,256.21		05-Nov-2004		5.750%		CA - 75.00%		Paid Off - 360		8/1/2004
1630835 2			175,000.00		174,475.59		30-Nov-2004		7.500%		CA - 75.76%		Paid Off - 360		8/1/2004
1632554 2			157,500.00		157,116.20		30-Nov-2004		8.525%		CA - 75.00%		Paid Off - 360		8/1/2004
1635918 1			202,500.00		201,949.90		01-Jan-1900		7.990%		MO - 90.00%		Paid Off - 360		8/1/2004
1638639 1			174,250.00		173,769.89		01-Jan-1900		8.550%		MA - 85.00%		Paid Off - 360		8/1/2004
1640502 1			268,000.00		266,934.94		01-Jan-1900		6.050%		CA - 76.57%		Paid Off - 360		8/1/2004
1645148 2			280,000.00		279,238.02		16-Nov-2004		7.200%		FL - 84.85%		Paid Off - 360		9/1/2004
1647215 2			199,200.00		198,945.88		03-Nov-2004		10.225%		FL - 80.00%		Paid Off - 360		9/1/2004
1648570 2			286,400.00		285,698.58		30-Nov-2004		8.500%		NV - 80.00%		Paid Off - 360		8/1/2004
1649047 1			287,000.00		285,846.35		01-Jan-1900		5.990%		CA - 74.93%		Paid Off - 360		8/1/2004
1649047 1			287,000.00		285,846.35				5.990%		CA - 74.93%		Paid Off - 360



Page 18 of 25
Morgan Stanley ABS Capital I Inc. 2004-NC8

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2004-NC8

December 27, 2004 Distribution

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

&		Loan	Principal		Prepayment		Prepayment		Note		LTV at		&		Payment

Loan Group		Status	Balance		Amount		Date		Rate		Origination		Original Term		Date

1650423 1			195,000.00		194,121.46		01-Jan-1900		5.390%		CA - 51.32%		Paid Off - 360		8/1/2004
1650423 1			195,000.00		194,121.46		01-Jan-1900		5.390%		CA - 51.32%		Paid Off - 360		8/1/2004
1652393 2			528,750.00		527,227.55		30-Nov-2004		7.700%		IL - 90.00%		Paid Off - 360		8/1/2004
1652452 1			332,100.00		331,001.55		26-Nov-2004		7.000%		CA - 90.00%		Paid Off - 360		8/1/2004
1652642 2			510,300.00		508,510.35		30-Nov-2004		6.700%		HI - 65.01%		Paid Off - 360		8/1/2004
1655313 1			169,800.00		169,192.81		01-Jan-1900		6.600%		CA - 60.00%		Paid Off - 360		8/1/2004
1656684 1			78,300.00		78,108.20		30-Nov-2004		7.050%		FL - 58.00%		Paid Off - 360		9/1/2004
1657061 2			400,000.00		398,638.44		30-Nov-2004		7.050%		CA - 83.33%		Paid Off - 360		8/1/2004
1658627 2			350,000.00		348,595.79		29-Oct-2004		6.000%		CA - 88.61%		Paid Off - 360		8/1/2004
1661219 1			150,000.00		149,594.06		02-Nov-2004		6.550%		NV - 69.77%		Paid Off - 360		9/1/2004
1662935 1			165,600.00		164,903.41		01-Jan-1900		5.750%		CA - 69.00%		Paid Off - 360		8/1/2004
1665101 1			298,800.00		297,981.75		01-Jan-1900		7.950%		IL - 82.77%		Paid Off - 360		8/1/2004
1669706 1			260,000.00		258,906.34		11-Nov-2004		5.750%		CA - 80.00%		Paid Off - 360		8/1/2004
1670064 2			220,000.00		219,346.02		30-Nov-2004		7.990%		CA - 77.19%		Paid Off - 360		8/1/2004
1670329 2			211,500.00		210,651.80		05-Nov-2004		6.500%		CA - 75.00%		Paid Off - 360		8/1/2004
1670610 1			300,000.00		298,948.03		01-Jan-1900		7.600%		CA - 75.00%		Paid Off - 360		8/1/2004
1672706 2			207,000.00		206,479.94		05-Nov-2004		8.375%		MD - 88.84%		Paid Off - 360		8/1/2004
1682336 1			177,000.00		176,413.41		01-Jan-1900		6.990%		MD - 69.69%		Paid Off - 360		8/1/2004
1683751 1			213,600.00		213,020.91		01-Jan-1900		8.000%		GA - 80.00%		Paid Off - 360		8/1/2004
1685834 1			196,000.00		195,364.29		01-Jan-1900		7.100%		CA - 70.00%		Paid Off - 360		8/1/2004
1687244 1			288,000.00		288,000.00		08-Nov-2004		6.750%		CA - 80.00%		Paid Off - 360		9/1/2004
1689109 1			149,000.00		148,570.95		23-Nov-2004		7.700%		IL - 100.00%		Paid Off - 360		8/1/2004
1689594 2			388,000.00		387,025.16		30-Nov-2004		8.375%		CA - 80.00%		Paid Off - 360		8/1/2004
1692665 2			130,000.00		129,565.77		19-Nov-2004		6.950%		FL - 76.47%		Paid Off - 360		8/1/2004
1695343 2			488,750.00		487,503.19		30-Nov-2004		8.300%		CA - 85.00%		Paid Off - 360		8/1/2004
1696170 1			126,000.00		125,625.39		30-Nov-2004		6.050%		CT - 70.00%		Paid Off - 360		9/1/2004
1696762 1			297,000.00		296,272.60		01-Jan-1900		8.500%		CA - 90.00%		Paid Off - 360		8/1/2004
1704340 2			137,000.00		136,607.96		23-Nov-2004		6.250%		MN - 78.29%		Paid Off - 360		9/1/2004
1707559 2			259,000.00		258,990.54		24-Nov-2004		6.700%		CA - 70.00%		Paid Off - 360		9/1/2004
1711633 2			165,600.00		165,217.33		19-Nov-2004		7.350%		IL - 80.00%		Paid Off - 360		9/1/2004
1718731 2			221,000.00		220,442.53		30-Nov-2004		6.900%		DC - 65.00%		Paid Off - 360		9/1/2004


TOTAL			15,757,597.00		15,716,652.48
TOTAL


Page 19 of 25
Morgan Stanley ABS Capital I Inc. 2004-NC8

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2004-NC8

December 27, 2004 Distribution
Realized Loss Report

COLLATERAL REALIZED LOSSES



										Group 2		Group 1		Total


Current
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
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 20 of 25
Morgan Stanley ABS Capital I Inc. 2004-NC8

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2004-NC8

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 21 of 25
Morgan Stanley ABS Capital I Inc. 2004-NC8

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2004-NC8

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 22 of 25
Morgan Stanley ABS Capital I Inc. 2004-NC8

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2004-NC8

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

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




TOTAL



Page 23 of 25
Morgan Stanley ABS Capital I Inc. 2004-NC8

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2004-NC8

December 27, 2004 Distribution
Triggers and Adj. Cert. Report
TRIGGER EVENTS
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													0.00
Class A-2 Accelerated Event Occured (0 = No, 1=Yes)													0
Ending Balance													1,181,777,689.00
Senior Enhancement Percentage													20.9500%
Class A-2 Accelerated Amortization Amount													0



ADJUSTABLE RATE CERTIFICATE INFORMATION

SPACE INTENTIONALLY LEFT BLANK



ADDITIONAL INFORMATION
ADDITIONAL INFORMATION
									Group 2		Group 1		Total
Basis Risk CarryForward Amount paid													$4,623.05
Basis Risk CarryForward Amount unpaid													$0.00
Excess Reserve Fund Account Balance													0.00




Page 24 of 25
Morgan Stanley ABS Capital I Inc. 2004-NC8

Mortgage Pass-Through Certificates
Mortgage Pass-Through Certificates
2004-NC8

December 27, 2004 Distribution
Other Related Information
ADDITIONAL INFORMATION
ADDITIONAL INFORMATION
									Group 2		Group 1		Total
Current Scheduled Payments									3,425,608.01		4,499,653.26		7,925,261.27
Current Scheduled Payments 1 Month Prior									0.00		0.00		0.00
Current Scheduled Payments 2 Month Prior									0.00		0.00		0.00
Current Scheduled Payments 3 Month Prior									0.00		0.00		0.00
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									25,698.10		12,463.04		38,161.14
Sched. Pmts - 60+Day Delinquent Loans, 1 Month Prior									0.00		0.00		0.00
Sched. Pmts - 60+Day Delinquent Loans, 2 Month Prior									0.00		0.00		0.00
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 25 of 25

Morgan Stanley ABS Capital I Inc. Trust 2004-NC8 8-K/A