
                                    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): August 25, 2005
                             (Date of earliest event reported)


                                MORGAN STANLEY ABS CAPITAL I INC.
              (as Depositor under the Pooling and Servicing Agreement, dated as
             April 1, 2005, providing for the issuance of Mortgage Pass-Through
                              Certificates, Series 2005-NC2)
                      (Exact name of registrant as specified in charter)


                                         DELAWARE
                     (State or Other Jurisdiction of Incorporation)

               333-113543-30                        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 2005-NC2, which was made on
     April 1, 2005.


     Item 9.01 Financial Statements and Exhibits.

     (c) Exhibits

     Exhibit No. Description

     99.1 Monthly Remittance Statement to the Certificateholders dated as of
     August 25, 2005.


                                  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:  Aug 26, 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
              August 25, 2005.



Morgan Stanley ABS Capital I Inc. 2005-NC2

Mortgage Pass-Through Certificates

2005-NC2

August 25, 2005 Distribution

				External Parties						Table of Contents

													Page
				Seller
										1. Certificate Payment Report					2
				Morgan Stanley
										2. Collection Account Report					6

										3. Credit Enhancement Report					8
										4. Collateral Report					9
				Certificate Insurer(s)						5. Delinquency Report					12

										6. REO Report					16

										7. Foreclosure Report					17
										8. Prepayment Report					18
										9. Prepayment Detail Report					21

										10. Realized Loss Report					27
										11. Realized Loss Detail Report					30
				Servicer(s)
										12. Triggers and Adj. Cert. Report					31
				HomeQ Servicing Corp.
										13. Other Related Information					32
				Countrywide Home Loans Srvc LP



				Underwriter(s)
				Morgan Stanley & Co. Inc


										Total Number of Pages					32


				Dates						Contacts

				Cut-Off Date:			April 01, 2005			Eiko Akiyama
				Close Date:			April 29, 2005			Administrator
				First Distribution Date:			May 25, 2005			(714) 247-6328

										Address:
										1761 East St. Andrew Place, Santa Ana, CA 92514
				Distribution Date:			August 25, 2005
										Factor Information:			(800) 735-7777
				Record Date:			July 29, 2005
										Main Phone Number:			(714) 247-6000

							August 24, 2005


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






Page 1 of 32
Morgan Stanley ABS Capital I Inc. 2005-NC2

Mortgage Pass-Through Certificates

2005-NC2

August 25, 2005 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-1ss	SR	$	273,920,000.00		248,897,121.14		785,512.40		11,575,446.14		12,360,958.54		0.00		0.00		237,321,675.00

A-1mz	SR	$	68,481,000.00		62,225,188.94		198,792.19		2,893,903.79		3,092,695.98		0.00		0.00		59,331,285.15
A-2ss	SR	$	235,870,000.00		218,320,508.64		689,013.46		11,377,295.39		12,066,308.85		0.00		0.00		206,943,213.25
A-2mz	SR	$	58,968,000.00		54,580,589.96		174,369.82		2,844,347.97		3,018,717.79		0.00		0.00		51,736,241.99
A-3a	SR	$	315,000,000.00		261,195,346.98		796,210.48		17,208,205.65		18,004,416.13		0.00		0.00		243,987,141.33
A-3b	SR	$	109,586,000.00		109,586,000.00		343,491.23		0.00		343,491.23		0.00		0.00		109,586,000.00
A-3c	SR	$	92,500,000.00		92,500,000.00		301,087.50		0.00		301,087.50		0.00		0.00		92,500,000.00
A-3mz	SR	$	57,454,000.00		51,475,705.22		164,893.84		1,912,022.85		2,076,916.69		0.00		0.00		49,563,682.37
M-1	MEZ,FLT	$	48,771,000.00		48,771,000.00		161,689.41		0.00		161,689.41		0.00		0.00		48,771,000.00
M-2	MEZ,FLT	$	44,269,000.00		44,269,000.00		147,907.65		0.00		147,907.65		0.00		0.00		44,269,000.00
M-3	MEZ,FLT	$	24,761,000.00		24,761,000.00		83,368.91		0.00		83,368.91		0.00		0.00		24,761,000.00
M-4	MEZ,FLT	$	27,012,000.00		27,012,000.00		94,669.56		0.00		94,669.56		0.00		0.00		27,012,000.00
M-5	MEZ,FLT	$	23,260,000.00		23,260,000.00		82,120.72		0.00		82,120.72		0.00		0.00		23,260,000.00
M-6	MEZ,FLT	$	22,510,000.00		22,510,000.00		80,441.99		0.00		80,441.99		0.00		0.00		22,510,000.00
B-1	SUB, FLT	$	18,758,000.00		18,758,000.00		74,787.10		0.00		74,787.10		0.00		0.00		18,758,000.00
B-2	SUB, FLT	$	17,258,000.00		17,258,000.00		70,738.62		0.00		70,738.62		0.00		0.00		17,258,000.00
B-3	SUB, FLT	$	16,507,000.00		16,507,000.00		74,056.82		0.00		74,056.82		0.00		0.00		16,507,000.00
X	EXE	$	45,770,452.00		45,769,991.29		3,325,296.88		0.00		3,325,296.88		0.00		0.00		45,769,991.29
P	NOF	$	0.00		0.00		895,572.79		0.00		895,572.79		0.00		0.00		0.00
R	RES	$	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00


Total			1,500,655,452.00		1,387,656,452.17		8,544,021.37		47,811,221.79		56,355,243.16		0.00		0.00		1,339,845,230.38






Page 2 of 32
Morgan Stanley ABS Capital I Inc. 2005-NC2

Mortgage Pass-Through Certificates

2005-NC2

August 25, 2005 Distribution

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-1ss	07/25/05		08/24/05		A-Act/360		61744CPR1		273,920,000.00		908.648953		2.867671		42.258492		45.126163	866.390461
A-1mz	07/25/05		08/24/05		A-Act/360		61744CPA8		68,481,000.00		908.648953		2.902881		42.258492		45.161373	866.390461
A-2ss	07/25/05		08/24/05		A-Act/360		61744CPS9		235,870,000.00		925.596764		2.921158		48.235449		51.156607	877.361314
A-2mz	07/25/05		08/24/05		A-Act/360		61744CPB6		58,968,000.00		925.596764		2.957024		48.235449		51.192474	877.361314
A-3a	07/25/05		08/24/05		A-Act/360		61744CPC4		315,000,000.00		829.191578		2.527652		54.629224		57.156877	774.562353
A-3b	07/25/05		08/24/05		A-Act/360		61744CPD2		109,586,000.00		1,000.000000		3.134444		0.000000		3.134444	1,000.000000
A-3c	07/25/05		08/24/05		A-Act/360		61744CPE0		92,500,000.00		1,000.000000		3.255000		0.000000		3.255000	1,000.000000
A-3mz	07/25/05		08/24/05		A-Act/360		61744CPF7		57,454,000.00		895.946413		2.870015		33.279195		36.149210	862.667218
M-1	07/25/05		08/24/05		A-Act/360		61744CPG5		48,771,000.00		1,000.000000		3.315278		0.000000		3.315278	1,000.000000
M-2	07/25/05		08/24/05		A-Act/360		61744CPH3		44,269,000.00		1,000.000000		3.341111		0.000000		3.341111	1,000.000000
M-3	07/25/05		08/24/05		A-Act/360		61744CPJ9		24,761,000.00		1,000.000000		3.366944		0.000000		3.366944	1,000.000000
M-4	07/25/05		08/24/05		A-Act/360		61744CPK6		27,012,000.00		1,000.000000		3.504722		0.000000		3.504722	1,000.000000
M-5	07/25/05		08/24/05		A-Act/360		61744CPL4		23,260,000.00		1,000.000000		3.530555		0.000000		3.530555	1,000.000000
M-6	07/25/05		08/24/05		A-Act/360		61744CPM2		22,510,000.00		1,000.000000		3.573611		0.000000		3.573611	1,000.000000
B-1	07/25/05		08/24/05		A-Act/360		61744CPN0		18,758,000.00		1,000.000000		3.986944		0.000000		3.986944	1,000.000000
B-2	07/25/05		08/24/05		A-Act/360		61744CPP5		17,258,000.00		1,000.000000		4.098889		0.000000		4.098889	1,000.000000
B-3	07/25/05		08/24/05		A-Act/360		61744CPQ3		16,507,000.00		1,000.000000		4.486389		0.000000		4.486389	1,000.000000
X	07/25/05		08/24/05				45,770,452.00		999.989934		72.651607		0.000000		72.651607		999.989934
P	07/25/05		08/24/05				0.00		0.000000		0.000000		0.000000		0.000000		0.000000
R	07/25/05		08/24/05				0.00		0.000000		0.000000		0.000000		0.000000		0.000000




Page 3 of 32
Morgan Stanley ABS Capital I Inc. 2005-NC2

Mortgage Pass-Through Certificates

2005-NC2

August 25, 2005 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-1ss	273,920,000.00		2,968,114.23		35,696,750.02		901,574.97		36,598,325.00		39,566,439.23		0.00		0.00		237,321,675.00
A-1mz	68,481,000.00		751,763.66		8,924,317.82		225,397.03		9,149,714.85		9,901,478.51		0.00		0.00		59,331,285.15
A-2ss	235,870,000.00		2,571,174.98		28,232,104.83		694,681.92		28,926,786.75		31,497,961.73		0.00		0.00		206,943,213.25
A-2mz	58,968,000.00		651,219.37		7,058,086.05		173,671.95		7,231,758.01		7,882,977.38		0.00		0.00		51,736,241.99
A-3a	315,000,000.00		3,115,948.62		69,104,811.99		1,908,046.67		71,012,858.67		74,128,807.29		0.00		0.00		243,987,141.33
A-3b	109,586,000.00		1,226,591.60		0.00		0.00		0.00		1,226,591.60		0.00		0.00		109,586,000.00
A-3c	92,500,000.00		1,077,795.92		0.00		212,005.19		0.00		1,077,795.92		0.00		0.00		92,500,000.00
A-3mz	57,454,000.00		622,291.26		7,678,312.44		0.00		7,890,317.63		8,512,608.89		0.00		0.00		49,563,682.37
M-1	48,771,000.00		579,462.50		0.00		0.00		0.00		579,462.50		0.00		0.00		48,771,000.00
M-2	44,269,000.00		530,326.05		0.00		0.00		0.00		530,326.05		0.00		0.00		44,269,000.00
M-3	24,761,000.00		299,062.34		0.00		0.00		0.00		299,062.34		0.00		0.00		24,761,000.00
M-4	27,012,000.00		340,416.12		0.00		0.00		0.00		340,416.12		0.00		0.00		27,012,000.00
M-5	23,260,000.00		295,419.14		0.00		0.00		0.00		295,419.14		0.00		0.00		23,260,000.00
M-6	22,510,000.00		289,582.73		0.00		0.00		0.00		289,582.73		0.00		0.00		22,510,000.00
B-1	18,758,000.00		270,827.23		0.00		0.00		0.00		270,827.23		0.00		0.00		18,758,000.00
B-2	17,258,000.00		256,524.12		0.00		0.00		0.00		256,524.12		0.00		0.00		17,258,000.00
B-3	16,507,000.00		269,709.03		0.00		0.00		0.00		269,709.03		0.00		0.00		16,507,000.00
X	45,770,452.00		15,819,337.13		444.59		16.14		460.71		15,819,797.84		0.00		0.00		45,769,991.29
P	0.00		2,479,521.43		0.00		0.00		0.00		2,479,521.43		0.00		0.00		0.00
R	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00


Total	1,500,655,452.00		34,415,087.46		156,694,827.74		4,115,393.87		160,810,221.62		195,225,309.08		0.00		0.00		1,339,845,230.38



Page 4 of 32
Morgan Stanley ABS Capital I Inc. 2005-NC2

Mortgage Pass-Through Certificates

2005-NC2

August 25, 2005 Distribution

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-1ss	3.66500%		248,897,121.14		785,512.40		0.00		0.00		0.00		785,512.40		785,512.40		0.00
A-1mz	3.71000%		62,225,188.94		198,792.19		0.00		0.00		0.00		198,792.19		198,792.19		0.00
A-2ss	3.66500%		218,320,508.64		689,013.46		0.00		0.00		0.00		689,013.46		689,013.46		0.00
A-2mz	3.71000%		54,580,589.96		174,369.82		0.00		0.00		0.00		174,369.82		174,369.82		0.00
A-3a	3.54000%		261,195,346.98		796,210.48		0.00		0.00		0.00		796,210.48		796,210.48		0.00
A-3b	3.64000%		109,586,000.00		343,491.23		0.00		0.00		0.00		343,491.23		343,491.23		0.00
A-3c	3.78000%		92,500,000.00		301,087.50		0.00		0.00		0.00		301,087.50		301,087.50		0.00
A-3mz	3.72000%		51,475,705.22		164,893.84		0.00		0.00		0.00		164,893.84		164,893.84		0.00
M-1	3.85000%		48,771,000.00		161,689.41		0.00		0.00		0.00		161,689.41		161,689.41		0.00
M-2	3.88000%		44,269,000.00		147,907.65		0.00		0.00		0.00		147,907.65		147,907.65		0.00
M-3	3.91000%		24,761,000.00		83,368.91		0.00		0.00		0.00		83,368.91		83,368.91		0.00
M-4	4.07000%		27,012,000.00		94,669.56		0.00		0.00		0.00		94,669.56		94,669.56		0.00
M-5	4.10000%		23,260,000.00		82,120.72		0.00		0.00		0.00		82,120.72		82,120.72		0.00
M-6	4.15000%		22,510,000.00		80,441.99		0.00		0.00		0.00		80,441.99		80,441.99		0.00
B-1	4.63000%		18,758,000.00		74,787.10		0.00		0.00		0.00		74,787.10		74,787.10		0.00
B-2	4.76000%		17,258,000.00		70,738.62		0.00		0.00		0.00		70,738.62		70,738.62		0.00
B-3	5.21000%		16,507,000.00		74,056.82		0.00		0.00		0.00		74,056.82		74,056.82		0.00
X	84.37046%		45,769,991.29		0.00		0.00		0.00		0.00		0.00		3,325,296.88		0.00
P	0.00000%		0.00		0.00		0.00		0.00		0.00		0.00		895,572.79		0.00
R	0.00000%		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00


Total			1,387,656,452.17		4,323,151.70		0.00		0.00		0.00		4,323,151.70		8,544,021.37		0.00



Page 5 of 32
Morgan Stanley ABS Capital I Inc. 2005-NC2

Mortgage Pass-Through Certificates

2005-NC2

August 25, 2005 Distribution
Collection Account Report
SUMMARY

								Group 3		Group 2		Group 1		Total
Principal Collections								19,120,228.50		14,221,643.36		14,469,349.93		47,811,221.79
Principal Withrawals								0.00		0.00		0.00		0.00
Principal Other Accounts								0.00		0.00		0.00		0.00
TOTAL NET PRINCIPAL								19,120,228.50		14,221,643.36		14,469,349.93		47,811,221.79
Interest Collections								#######		1,939,369.89		2,185,630.21		7,745,727.03
Interest Withdrawals								-0.00		-0.00		-0.00		-0.00
Interest Other Accounts								277,576.22		309,688.06		308,308.51		895,572.79
Interest Fees								-45,804.19		-26,061.89		-25,412.36		-97,278.44
TOTAL NET INTEREST								3,852,498.97		2,222,996.06		2,468,526.36		8,544,021.38
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION								22,972,727.47		16,444,639.42		16,937,876.29		56,355,243.17



PRINCIPAL - COLLECTIONS

									Group 3		Group 2		Group 1		Total
Scheduled Principal Received									458,888.48		266,356.57		267,503.61		992,748.66
Prepayments In Full									18,641,376.74		13,938,792.38		14,186,532.76		46,766,701.88
Curtailments									19,963.28		16,494.41		15,313.56		51,771.25
Liquidations									0.00		0.00		0.00		0.00
Insurance Principal									0.00		0.00		0.00		0.00
Repurchased Principal Amounts									0.00		0.00		0.00		0.00
Other Principal									0.00		0.00		0.00		0.00
Total Realized Loss Of Principal									-0.00		-0.00		-0.00		-0.00
Delinquent Principal									-390,966.77		-229,810.08		-231,534.36		-852,311.21
Advanced Principal									390,966.77		229,810.08		231,534.36		852,311.21
TOTAL PRINCIPAL COLLECTED									19,120,228.50		14,221,643.36		14,469,349.93		47,811,221.79


PRINCIPAL - WITHDRAWALS

SPACE INTENTIONALLY LEFT BLANK



PRINCIPAL - OTHER ACCOUNTS

								Group 3		Group 2		Group 1		Total
Closing Deposit								0.00		0.00		0.00		0.00
TOTAL OTHER ACCOUNTS PRINCIPAL								0.00		0.00		0.00		0.00





Page 6 of 32
Morgan Stanley ABS Capital I Inc. 2005-NC2

Mortgage Pass-Through Certificates

2005-NC2

August 25, 2005 Distribution

INTEREST - COLLECTIONS

								Group 3		Group 2		Group 1		Total
Scheduled Interest								3,848,102.79		2,057,160.68		2,324,844.45		8,230,107.92
Liquidation Interest								0.00		0.00		0.00		0.00
Repurchased Interest								0.00		0.00		0.00		0.00
Insurance Interest								0.00		0.00		0.00		0.00
Other Interest								0.00		0.00		0.00		0.00
Relief Act Interest Shortfalls								-0.00		-0.00		-0.00		-0.00
Prepayment Interest Shortfalls								-50,514.01		-37,103.63		-31,881.83		-119,499.47
Compensating Interest								50,514.01		37,103.63		31,881.83		119,499.48
Delinquent Interest								-3,229,089.20		-1,697,948.92		-1,979,234.08		-6,906,272.20
Interest Advanced								3,001,713.34		1,580,158.13		1,840,019.85		6,421,891.32
TOTAL INTEREST COLLECTED								3,620,726.93		1,939,369.89		2,185,630.21		7,745,727.03


INTEREST - WITHDRAWALS

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



INTEREST - OTHER ACCOUNTS

								Group 3		Group 2		Group 1		Total
Prepayment Charges								277,576.22		309,688.06		308,308.51		895,572.79
TOTAL INTEREST OTHER ACCOUNTS								277,576.22		309,688.06		308,308.51		895,572.79



INTEREST - FEES

								Group 3		Group 2		Group 1		Total
Current Servicing Fees								44,174.88		25,203.93		24,430.49		93,809.30
Current Trustee Fees								1,629.30		857.97		981.87		3,469.14
TOTAL INTEREST OTHER FEES								45,804.19		26,061.89		25,412.36		97,278.44




Page 7 of 32
Morgan Stanley ABS Capital I Inc. 2005-NC2

Mortgage Pass-Through Certificates

2005-NC2

August 25, 2005 Distribution
Credit Enhancement Report
ACCOUNTS

								Group 3		Group 2		Group 1		Total
Excess Reserve Fund Account Balance														0.00



INSURANCE

SPACE INTENTIONALLY LEFT BLANK



STRUCTURAL FEATURES

								Group 3		Group 2		Group 1		Total
Specified Subordinated Target Amount														45,769,991.29
Subordinated Amount														45,769,991.29
Subordinated Deficiency Amount														0.00
Subordinated Release Amount														0.00




Page 8 of 32
Morgan Stanley ABS Capital I Inc. 2005-NC2

Mortgage Pass-Through Certificates

2005-NC2

August 25, 2005 Distribution
Collateral Report


COLLATERAL



									Group 3		Group 2		Group 1		Total



Loan Count:


Original								3,255		2,073		2,542		7,870
Prior								3,091		1,971		2,395		7,457
Prefunding								0		0		0		0
Scheduled Paid Offs								-0		-0		-0		-0
Full Voluntary Prepayments								-78		-68		-73		-219
Repurchases								-0		-0		-0		-0
Liquidations								-0		-0		-0		-0
Current								3,013		1,903		2,322		7,238
Principal Balance:


Original								699,214,488.70		365,124,050.84		424,025,894.50		1,488,364,434.04
Prior								651,721,780.79		343,187,325.63		392,747,345.75		1,387,656,452.17
Prefunding								0.00		0.00		0.00		1,500,655,452.00
Scheduled Principal								-458,888.48		-266,356.57		-267,503.61		-992,748.66
Partial Prepayments								-19,963.28		-16,494.41		-15,313.56		-51,771.25
Full Voluntary Prepayments								-18,641,376.74		-13,938,792.38		-14,186,532.76		-46,766,701.88
Repurchases								-0.00		-0.00		-0.00		-0.00
Liquidations								-0.00		-0.00		-0.00		-0.00
Current								632,601,552.29		328,965,682.27		378,277,995.82		1,339,845,230.38





PREFUNDING

								Group 3		Group 2		Group 1		Total
closing Date Deposit Amount								0.00		0.00		0.00		0.00
Total Original Principal Balance								0.00		0.00		0.00		1,500,655,452.00






Page 9 of 32
Morgan Stanley ABS Capital I Inc. 2005-NC2

Mortgage Pass-Through Certificates

2005-NC2

August 25, 2005 Distribution

CHARACTERISTICS

								Group 3		Group 2		Group 1		Total
Weighted Average Coupon Original								7.09899%		7.21445%		7.11963%		7.13319%
Weighted Average Coupon Prior								7.08934%		7.20120%		7.11055%		7.12299%
Weighted Average Coupon Current								7.08542%		7.19314%		7.10343%		7.11716%
Weighted Average Months to Maturity Original								352		352		350		351
Weighted Average Months to Maturity Prior								350		350		348		349
Weighted Average Months to Maturity Current								349		348		347		348
Weighted Avg Remaining Amortization Term Original								352		352		350		351
Weighted Avg Remaining Amortization Term Prior								350		350		348		349
Weighted Avg Remaining Amortization Term Current								349		348		347		348
Weighted Average Seasoning Original								4.14		4.04		4.31		4.16
Weighted Average Seasoning Prior								6.13		6.04		6.32		6.16
Weighted Average Seasoning Current								7.13		7.05		7.31		7.16









Page 10 of 32
Morgan Stanley ABS Capital I Inc. 2005-NC2

Mortgage Pass-Through Certificates

2005-NC2

August 25, 2005 Distribution

ARM CHARACTERISTICS

								Group 3		Group 2		Group 1		Total
Weighted Average Margin Original								5.64682%		5.65354%		5.62654%		5.64272%
Weighted Average Margin Prior								5.64795%		5.65162%		5.62297%		5.64182%
Weighted Average Margin Current								5.64974%		5.65151%		5.62651%		5.64367%
Weighted Average Max Rate Original								14.11075%		14.20442%		14.04261%		14.11394%
Weighted Average Max Rate Prior								14.10140%		14.18867%		14.02699%		14.10140%
Weighted Average Max Rate Current								14.10053%		14.17906%		14.01657%		14.09586%
Weighted Average Min Rate Original								7.11363%		7.20898%		7.04606%		7.11737%
Weighted Average Min Rate Prior								7.10439%		7.19291%		7.02998%		7.10469%
Weighted Average Min Rate Current								7.10347%		7.18257%		7.01876%		7.09872%
Weighted Average Cap Up Original								1.50000%		1.49772%		1.50163%		1.49992%
Weighted Average Cap Up Prior								1.50001%		1.49788%		1.50199%		1.50005%
Weighted Average Cap Up Current								1.50009%		1.49825%		1.50189%		1.50015%
Weighted Average Cap Down Original								1.50000%		1.49772%		1.50163%		1.49992%
Weighted Average Cap Down Prior								1.50001%		1.49788%		1.50199%		1.50005%
Weighted Average Cap Down Current								1.50009%		1.49825%		1.50189%		1.50015%




SERVICING FEES & ADVANCES

									Group 3		Group 2		Group 1		Total




Current Servicing Fees								44,174.88		25,203.93		24,430.49		93,809.30
Delinquent Servicing Fees								227,375.86		117,790.79		139,214.24		484,380.89
TOTAL SERVICING FEES								271,550.75		142,994.72		163,644.73		578,190.20


Compensating Interest								-50,514.01		-37,103.63		-31,881.83		-119,499.48
Delinquent Servicing Fees								-227,375.86		-117,790.79		-139,214.24		-484,380.89
COLLECTED SERVICING FEES								(6,339.12)		(11,899.70)		(7,451.33)		(25,690.16)


Aggregate Advances with respect to this Distribution								3,392,680.11		1,809,968.21		2,071,554.21		7,274,202.52





ADDITIONAL COLLATERAL INFORMATION
								Group 3		Group 2		Group 1		Total
Net Prepayment Interest Shortfall								0.00		0.00		0.00		0.00
Libor For Current Period														3.460000%
Libor For Next Period														0.000000%




Page 11 of 32
Morgan Stanley ABS Capital I Inc. 2005-NC2

Mortgage Pass-Through Certificates

2005-NC2

August 25, 2005 Distribution
Delinquency Report

	TOTAL
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				26,428,757.02		7,125,888.44		1,626,390.36		35,181,035.82
			% Balance				1.97%		0.53%		0.12%		2.63%
			# Loans				155		46		13		214
			% # Loans				2.14%		0.64%		0.18%		2.96%
	FORECLOSURE		Balance		85,999.98		0.00		4,915,880.35		3,271,591.21		8,273,471.54
			% Balance		0.01%		0.00%		0.37%		0.24%		0.62%
			# Loans		1		0		21		18		40
			% # Loans		0.01%		0.00%		0.29%		0.25%		0.55%
	BANKRUPTCY		Balance		1,727,860.92		91,320.13		330,194.23		132,494.66		2,281,869.94
			% Balance		0.13%		0.01%		0.02%		0.01%		0.17%
			# Loans		11		1		3		1		16
			% # Loans		0.15%		0.01%		0.04%		0.01%		0.22%
	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		1,813,860.90		26,520,077.15		12,371,963.02		5,030,476.23		45,736,377.30
			% Balance		0.14%		1.98%		0.92%		0.38%		3.41%
			# Loans		12		156		70		32		270
			% # Loans		0.17%		2.16%		0.97%		0.44%		3.73%









Page 12 of 32
Morgan Stanley ABS Capital I Inc. 2005-NC2

Mortgage Pass-Through Certificates

2005-NC2

August 25, 2005 Distribution


	GROUP 1
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				7,156,185.56		1,255,560.79		809,967.26		9,221,713.61
			% Balance				1.89%		0.33%		0.21%		2.44%
			# Loans				43		9		6		58
			% # Loans				1.85%		0.39%		0.26%		2.50%
	FORECLOSURE		Balance		85,999.98		0.00		923,441.69		599,368.43		1,608,810.10
			% Balance		0.02%		0.00%		0.24%		0.16%		0.43%
			# Loans		1		0		5		4		10
			% # Loans		0.04%		0.00%		0.22%		0.17%		0.43%
	BANKRUPTCY		Balance		537,427.63		0.00		236,792.44		132,494.66		906,714.73
			% Balance		0.14%		0.00%		0.06%		0.04%		0.24%
			# Loans		4		0		2		1		7
			% # Loans		0.17%		0.00%		0.09%		0.04%		0.30%
	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		623,427.61		7,156,185.56		2,415,794.92		1,541,830.35		11,737,238.44
			% Balance		0.16%		1.89%		0.64%		0.41%		3.10%
			# Loans		5		43		16		11		75
			% # Loans		0.22%		1.85%		0.69%		0.47%		3.23%










Page 13 of 32
Morgan Stanley ABS Capital I Inc. 2005-NC2

Mortgage Pass-Through Certificates

2005-NC2

August 25, 2005 Distribution

	GROUP 2
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				7,834,745.33		2,317,344.34		40,697.66		10,192,787.33
			% Balance				2.38%		0.70%		0.01%		3.10%
			# Loans				49		15		1		65
			% # Loans				2.57%		0.79%		0.05%		3.42%
	FORECLOSURE		Balance		0.00		0.00		1,643,633.37		1,249,986.85		2,893,620.22
			% Balance		0.00%		0.00%		0.50%		0.38%		0.88%
			# Loans		0		0		8		6		14
			% # Loans		0.00%		0.00%		0.42%		0.32%		0.74%
	BANKRUPTCY		Balance		400,763.96		91,320.13		0.00		0.00		492,084.09
			% Balance		0.12%		0.03%		0.00%		0.00%		0.15%
			# Loans		4		1		0		0		5
			% # Loans		0.21%		0.05%		0.00%		0.00%		0.26%
	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		400,763.96		7,926,065.46		3,960,977.71		1,290,684.51		13,578,491.64
			% Balance		0.12%		2.41%		1.20%		0.39%		4.13%
			# Loans		4		50		23		7		84
			% # Loans		0.21%		2.63%		1.21%		0.37%		4.41%










Page 14 of 32
Morgan Stanley ABS Capital I Inc. 2005-NC2

Mortgage Pass-Through Certificates

2005-NC2

August 25, 2005 Distribution

	GROUP 3
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				11,437,826.13		3,552,983.31		775,725.44		15,766,534.88
			% Balance				1.81%		0.56%		0.12%		2.49%
			# Loans				63		22		6		91
			% # Loans				2.09%		0.73%		0.20%		3.02%
	FORECLOSURE		Balance		0.00		0.00		2,348,805.29		1,422,235.93		3,771,041.22
			% Balance		0.00%		0.00%		0.37%		0.22%		0.60%
			# Loans		0		0		8		8		16
			% # Loans		0.00%		0.00%		0.27%		0.27%		0.53%
	BANKRUPTCY		Balance		789,669.33		0.00		93,401.79		0.00		883,071.12
			% Balance		0.12%		0.00%		0.01%		0.00%		0.14%
			# Loans		3		0		1		0		4
			% # Loans		0.10%		0.00%		0.03%		0.00%		0.13%
	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		789,669.33		11,437,826.13		5,995,190.39		2,197,961.37		20,420,647.22
			% Balance		0.12%		1.81%		0.95%		0.35%		3.23%
			# Loans		3		63		31		14		111
			% # Loans		0.10%		2.09%		1.03%		0.46%		3.68%









Page 15 of 32
Morgan Stanley ABS Capital I Inc. 2005-NC2

Mortgage Pass-Through Certificates

2005-NC2

August 25, 2005 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




TOTAL


Page 16 of 32
Morgan Stanley ABS Capital I Inc. 2005-NC2

Mortgage Pass-Through Certificates

2005-NC2

August 25, 2005 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
1922577 1
			157,500.00		155,540.63		01-Mar-2005		9.050%		SC - 75.00%		360		01-Jan-2005

1949742 1			185,000.00		183,596.76		01-Apr-2005		6.350%		NV - 64.91%		360		01-Jan-2005
1970180 1			108,000.00		108,000.00		01-Mar-2005		7.250%		WA - 80.00%		360		01-Jan-2005
1988294 1			88,000.00		87,398.14		01-Apr-2005		8.950%		TX - 80.00%		360		01-Feb-2005
1000073716 1			140,000.00		139,446.83		01-Apr-2005		8.950%		CA - 80.00%		360		01-Feb-2005
1000385611 1			285,000.00		284,005.52		01-Mar-2005		9.550%		NC - 75.00%		360		01-Feb-2005
1000430750 1			198,000.00		198,000.00		01-Apr-2005		7.450%		CA - 90.00%		360		01-Feb-2005
1000443041 1			52,000.00		51,822.28		01-Mar-2005		9.650%		OH - 80.00%		360		01-Feb-2005
1000522535 1			86,000.00		85,999.98		01-Jul-2005		7.813%		NC - 77.48%		360		01-Feb-2005
1000631944 1			315,000.00		314,999.96		01-Apr-2005		6.250%		CA - 88.73%		360		01-Mar-2005
1977388 2			295,000.00		293,084.27		01-Apr-2005		6.450%		CA - 69.25%		360		01-Feb-2005
1985369 2			60,450.00		58,753.31		01-Apr-2005		8.700%		TX - 65.00%		180		01-Feb-2005
1000399713 2			306,850.00		305,225.72		01-Mar-2005		7.500%		WI - 95.00%		360		01-Feb-2005
1000415884 2			276,000.00		274,457.71		01-Mar-2005		7.225%		HI - 80.00%		360		01-Feb-2005
1000428111 2			208,600.00		207,600.42		01-Mar-2005		8.000%		CA - 70.00%		360		01-Feb-2005
1000429370 2			239,920.00		238,649.98		01-Apr-2005		7.500%		CA - 80.00%		360		01-Feb-2005
1000440008 2			221,600.00		220,133.14		01-Apr-2005		6.350%		NV - 80.00%		360		01-Feb-2005
1000463689 2			208,000.00		206,472.16		01-Apr-2005		5.800%		CA - 80.00%		360		01-Feb-2005
1000511155 2			240,000.00		238,411.37		01-Apr-2005		6.350%		TX - 80.00%		360		01-Feb-2005
1000543184 2			220,000.00		218,977.07		01-Mar-2005		8.150%		CA - 80.00%		360		01-Feb-2005
1000545315 2			80,750.00		80,453.17		01-Mar-2005		9.300%		IN - 85.00%		360		01-Feb-2005
1000561323 2			164,000.00		163,272.76		01-Mar-2005		7.600%		FL - 80.00%		360		01-Mar-2005
1000586100 2			146,700.00		145,968.28		01-Apr-2005		7.800%		IL - 90.00%		360		01-Feb-2005
1000598712 2			243,000.00		242,160.86		01-Apr-2005		9.600%		NH - 74.77%		360		01-Feb-2005
1860640 3			104,000.00		103,620.98		01-Mar-2005		10.000%		TX - 80.00%		360		01-Jan-2005
1936770 3			97,750.00		97,276.51		01-Mar-2005		8.625%		GA - 78.83%		360		01-Jan-2005
1958755 3			51,775.00		51,496.09		01-Apr-2005		8.100%		OK - 95.00%		360		01-Jan-2005
1969810 3			430,000.00		427,224.74		01-Apr-2005		6.550%		CA - 61.43%		360		01-Feb-2005
1973731 3			450,000.00		447,928.62		01-Apr-2005		8.200%		CA - 70.87%		360		01-Feb-2005
1000137417 3			76,800.00		76,422.28		01-Apr-2005		8.550%		OK - 80.00%		360		01-Jan-2005
1000393005 3			420,000.00		417,474.95		01-Mar-2005		6.850%		MN - 80.00%		360		01-Feb-2005
1000432357 3			112,500.00		111,861.98		01-Mar-2005		7.150%		IN - 90.00%		360		01-Feb-2005
1000435684 3			445,500.00		443,449.34		01-Apr-2005		8.200%		TX - 90.00%		360		01-Feb-2005
1000443504 3			398,400.00		395,934.28		01-Mar-2005		6.700%		CA - 80.00%		360		01-Feb-2005
1000516178 3			104,000.00		103,554.05		01-Mar-2005		8.550%		GA - 79.39%		360		01-Feb-2005
1000546715 3			52,500.00		52,312.91		01-Mar-2005		9.450%		GA - 75.00%		360		01-Feb-2005
1000569003 3			132,300.00		131,639.09		01-Apr-2005		7.800%		IL - 90.00%		360		01-Feb-2005
1000588108 3			141,000.00		140,200.27		01-Mar-2005		7.150%		KY - 64.98%		360		01-Feb-2005
1000595074 3			540,000.00		540,000.00		01-Apr-2005		7.150%		CO - 80.00%		360		01-Feb-2005
1000650913 3			230,720.00		230,645.13		01-Apr-2005		7.750%		MN - 80.00%		360		01-Feb-2005


TOTAL			8,312,615.00		8,273,471.54


Page 17 of 32
Morgan Stanley ABS Capital I Inc. 2005-NC2

Mortgage Pass-Through Certificates

2005-NC2

August 25, 2005 Distribution
Prepayment Report

VOLUNTARY PREPAYMENTS


									Group 3		Group 2		Group 1		Total




Current


Number of Paid in Full Loans								78		68		73		219
Number of Repurchased Loans								0		0		0		0
Total Number of Loans Prepaid in Full								78		68		73		219
Curtailments Amount								19,963.28		16,494.41		15,313.56		51,771.25
Paid in Full Balance								18,641,376.74		13,938,792.38		14,186,532.76		46,766,701.88
Repurchased Loans Balance								0.00		0.00		0.00		0.00
Total Prepayment Amount								18,661,340.02		13,955,286.79		14,201,846.32		46,818,473.13

Cumulative


Number of Paid in Full Loans								241		170		220		631
Number of Repurchased Loans								1		0		0		1
Total Number of Loans Prepaid in Full								242		170		220		632
Paid in Full Balance								64,286,744.47		34,999,054.06		44,550,175.10		143,835,973.63
Repurchased Loans Balance								333,608.16		0.00		0.00		333,608.16
Curtailments Amount								102,712.81		49,801.52		81,713.66		234,227.99
Total Prepayment Amount								64,723,065.44		35,048,855.58		44,631,888.76		144,403,809.78










Page 18 of 32
Morgan Stanley ABS Capital I Inc. 2005-NC2

Mortgage Pass-Through Certificates

2005-NC2

August 25, 2005 Distribution

VOLUNTARY PREPAYMENTS RATES


									Group 3		Group 2		Group 1		Total



SMM								2.87%		4.07%		3.62%		3.38%
3 Months Avg SMM								2.80%		2.90%		3.36%		2.98%
12 Months Avg SMM								2.40%		2.50%		2.75%		2.52%
Avg SMM Since Cut-off								2.40%		2.50%		2.75%		2.52%


CPR								29.45%		39.26%		35.74%		33.78%
3 Months Avg CPR								28.84%		29.79%		33.65%		30.47%
12 Months Avg CPR								25.32%		26.18%		28.42%		26.42%
Avg CPR Since Cut-off								25.32%		26.18%		28.42%		26.42%


PSA								2,065.20%		2,785.68%		2,443.52%		2,358.27%
3 Months Avg PSA Approximation								2,352.01%		2,464.76%		2,664.33%		2,472.62%
12 Months Avg PSA Approximation								2,247.69%		2,361.34%		2,444.14%		2,333.25%
Avg PSA Since Cut-off Approximation								2,247.69%		2,361.34%		2,444.14%		2,333.25%










Page 19 of 32
Morgan Stanley ABS Capital I Inc. 2005-NC2

Mortgage Pass-Through Certificates

2005-NC2

August 25, 2005 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/(0.002min(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) Conditional Prepayment Rate (CPR): 1-((1-SMM)^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) Dates correspond to distribution dates. Note: Prepayment rates are calculated since deal issue date and include partial and full voluntary prepayments, liquidations, and repurchases.













Page 20 of 32
Morgan Stanley ABS Capital I Inc. 2005-NC2

Mortgage Pass-Through Certificates

2005-NC2

August 25, 2005 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

1767996 1			321,000.00		318,713.55			26-Jul-2005		7.300%		NJ - 60.00%		Paid Off - 360		01-Nov-2004


1774783 3			120,000.00		119,518.54			05-Jul-2005		8.100%		MD - 60.00%		Paid Off - 360		01-Feb-2005

1794646 3			376,244.00		376,244.00			29-Jul-2005		7.450%		CA - 80.00%		Paid Off - 360		01-Feb-2005

1829687 3			56,600.00		56,353.26			28-Jul-2005		10.250%		CA - 20.00%		Paid Off - 360		01-Oct-2004

1830030 3			465,000.00		463,077.31			18-Jul-2005		7.950%		CT - 72.88%		Paid Off - 360		01-Feb-2005

1836430 3			85,800.00		85,439.23			28-Jul-2005		9.900%		CA - 20.00%		Paid Off - 360		01-Nov-2004

1841485 1			142,600.00		142,600.00			11-Jul-2005		6.575%		NV - 79.93%		Paid Off - 360		01-Feb-2005

1858137 1			125,000.00		124,382.78			18-Jul-2005		9.125%		CA - 62.50%		Paid Off - 360		01-Nov-2004

1858210 3			61,980.00		61,759.89			22-Jul-2005		10.700%		CA - 20.00%		Paid Off - 360		01-Nov-2004

1869618 3			72,200.00		71,819.88			05-Aug-2005		9.550%		NY - 20.00%		Paid Off - 360		01-Dec-2004

1872328 3			120,000.00		119,340.61			26-Jul-2005		8.000%		AZ - 80.00%		Paid Off - 360		01-Dec-2004

1876129 1			151,000.00		150,120.44			25-Jul-2005		6.200%		CA - 58.08%		Paid Off - 360		01-Feb-2005

1889866 3			109,200.00		108,838.65			15-Jul-2005		9.050%		MD - 70.00%		Paid Off - 360		01-Feb-2005

1895674 2			282,360.00		281,260.94			26-Jul-2005		8.250%		CA - 80.00%		Paid Off - 360		01-Feb-2005

1904191 3			400,000.00		400,000.00			22-Jul-2005		6.150%		CA - 78.43%		Paid Off - 360		01-Dec-2004

1908082 1			220,000.00		218,750.82			26-Jul-2005		6.475%		CA - 66.67%		Paid Off - 360		01-Feb-2005

1922674 3			202,500.00		201,420.31			12-Jul-2005		8.150%		NY - 90.00%		Paid Off - 360		01-Dec-2004

1922947 1			110,000.00		109,591.48			05-Jul-2005		9.250%		NY - 44.00%		Paid Off - 360		01-Jan-2005

1924531 3			210,000.00		208,888.38			18-Jul-2005		7.500%		MD - 62.69%		Paid Off - 360		01-Jan-2005

1927659 1			50,000.00		49,730.34			07-Jul-2005		6.600%		HI - 47.62%		Paid Off - 360		01-Feb-2005

1930904 1			120,000.00		119,464.26			26-Jul-2005		8.500%		VA - 50.00%		Paid Off - 360		01-Feb-2005

1936274 1			300,000.00		300,000.00			27-Jul-2005		5.990%		CA - 81.08%		Paid Off - 360		01-Feb-2005

1943622 1			319,500.00		317,841.91			12-Jul-2005		7.600%		FL - 90.00%		Paid Off - 360		01-Jan-2005

1945973 2			227,500.00		226,527.21			07-Jul-2005		8.250%		CA - 70.00%		Paid Off - 360		01-Feb-2005

1951293 1			170,000.00		169,190.58			27-Jul-2005		7.240%		CA - 49.56%		Paid Off - 360		01-Feb-2005

1951330 3			260,000.00		258,717.32			25-Jul-2005		7.650%		MD - 73.24%		Paid Off - 360		01-Feb-2005

1951333 2			202,500.00		201,469.52			20-Jul-2005		6.900%		CA - 90.00%		Paid Off - 360		01-Feb-2005

1952923 1			323,000.00		320,800.01			11-Jul-2005		6.200%		CA - 85.00%		Paid Off - 360		01-Jan-2005

1953944 3			125,600.00		124,709.82			11-Jul-2005		5.990%		IL - 78.99%		Paid Off - 360		01-Jan-2005

1954033 1			140,000.00		139,180.87			01-Jul-2005		6.990%		WA - 53.03%		Paid Off - 360		01-Jan-2005

1955266 1			130,000.00		129,338.42			14-Jul-2005		6.900%		CA - 44.83%		Paid Off - 360		01-Feb-2005

1957314 1			133,000.00		132,232.87			20-Jul-2005		6.250%		CA - 48.36%		Paid Off - 360		01-Feb-2005

1957391 1			467,500.00		464,627.73			20-Jul-2005		6.750%		HI - 85.00%		Paid Off - 360		01-Jan-2005

1959095 3			360,000.00		357,793.32			28-Jul-2005		6.750%		NY - 90.00%		Paid Off - 360		01-Jan-2005

1959395 3			75,000.00		73,829.11			06-Jul-2005		8.050%		FL - 47.32%		Paid Off - 360		01-Jan-2005

1961293 1			83,700.00		83,196.74			12-Jul-2005		6.850%		PA - 90.00%		Paid Off - 360		01-Jan-2005

1962413 1			162,500.00		162,055.28			18-Jul-2005		10.700%		CA - 62.50%		Paid Off - 360		01-Jan-2005



Page 21 of 32
Morgan Stanley ABS Capital I Inc. 2005-NC2

Mortgage Pass-Through Certificates

2005-NC2

August 25, 2005 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

1964647 1			280,250.00		278,609.98			22-Jul-2005		6.990%		CA - 95.00%		Paid Off - 360		01-Jan-2005


1965283 2			110,250.00		109,715.41			27-Jul-2005		7.200%		CA - 75.00%		Paid Off - 360		01-Feb-2005

1965629 3			324,000.00		322,100.75			15-Jul-2005		6.990%		CA - 90.00%		Paid Off - 360		01-Jan-2005

1967939 3			450,000.00		448,616.80			13-Jul-2005		9.400%		CA - 56.11%		Paid Off - 360		01-Feb-2005

1971216 1			500,000.00		497,949.09			15-Jul-2005		7.990%		CA - 83.33%		Paid Off - 360		01-Feb-2005

1971852 2			51,000.00		49,971.17			28-Jul-2005		8.150%		FL - 82.26%		Paid Off - 240		01-Feb-2005

1972429 2			114,000.00		113,458.03			07-Jul-2005		7.250%		CA - 63.33%		Paid Off - 360		01-Feb-2005

1973218 3			118,500.00		118,005.05			29-Jul-2005		7.900%		VA - 75.00%		Paid Off - 360		01-Feb-2005

1975106 2			121,500.00		121,041.18			11-Jul-2005		8.400%		CA - 90.00%		Paid Off - 360		01-Feb-2005

1976688 3			154,700.00		154,013.30			06-Jul-2005		7.600%		CT - 85.00%		Paid Off - 360		01-Feb-2005

1979650 1			344,000.00		342,197.74			27-Jul-2005		6.750%		CA - 80.00%		Paid Off - 360		01-Feb-2005

1979886 2			160,000.00		158,930.76			19-Jul-2005		6.300%		CA - 80.00%		Paid Off - 360		01-Jan-2005

1983693 1			44,000.00		43,695.96			25-Jul-2005		11.200%		CA - 20.00%		Paid Off - 240		01-Feb-2005

1985055 1			140,000.00		139,222.82			28-Jul-2005		6.450%		MD - 76.50%		Paid Off - 360		01-Feb-2005

1985660 2			215,000.00		214,056.06			15-Jul-2005		7.650%		CA - 69.13%		Paid Off - 360		01-Feb-2005

1986472 3			92,000.00		91,567.08			26-Jul-2005		7.300%		KS - 80.00%		Paid Off - 360		01-Feb-2005

1987898 3			114,800.00		114,270.21			18-Jul-2005		7.400%		OR - 80.00%		Paid Off - 360		01-Feb-2005

1989095 1			342,000.00		339,947.56			22-Jul-2005		6.050%		CA - 90.00%		Paid Off - 360		01-Feb-2005

1992950 2			196,350.00		195,350.93			21-Jul-2005		7.200%		HI - 85.00%		Paid Off - 360		01-Feb-2005

1994281 2			267,600.00		265,969.17			28-Jul-2005		6.700%		CA - 80.00%		Paid Off - 360		01-Feb-2005

1997718 1			277,500.00		276,305.69			28-Jul-2005		7.750%		MO - 84.09%		Paid Off - 360		01-Feb-2005

1998693 1			120,000.00		119,417.87			26-Jul-2005		8.100%		FL - 62.83%		Paid Off - 360		01-Feb-2005

2004006 2			247,200.00		245,879.59			26-Jul-2005		6.650%		CA - 80.00%		Paid Off - 360		01-Feb-2005

2004710 3			104,000.00		103,510.80			07-Jul-2005		7.500%		MD - 69.33%		Paid Off - 360		01-Feb-2005

2006225 3			171,300.00		170,703.92			15-Jul-2005		8.800%		GA - 71.38%		Paid Off - 360		01-Feb-2005

1000096443 1			118,400.00		117,969.28			18-Jul-2005		9.350%		CA - 53.82%		Paid Off - 360		01-Jan-2005

1000126599 3			87,500.00		86,947.88			01-Jul-2005		6.600%		OH - 74.15%		Paid Off - 360		01-Jan-2005

1000129630 3			412,000.00		409,779.74			19-Jul-2005		7.450%		NJ - 84.95%		Paid Off - 360		01-Jan-2005

1000136123 3			295,200.00		295,200.00			22-Jul-2005		6.150%		DC - 80.00%		Paid Off - 360		01-Feb-2005

1000144490 3			520,000.00		518,153.07			25-Jul-2005		8.700%		CA - 54.74%		Paid Off - 360		01-Feb-2005

1000165190 1			99,000.00		98,548.83			21-Jul-2005		8.250%		CT - 90.00%		Paid Off - 360		01-Feb-2005

1000177748 1			321,600.00		319,668.18			26-Jul-2005		6.990%		NY - 80.00%		Paid Off - 360		01-Jan-2005

1000178186 1			116,000.00		115,354.93			22-Jul-2005		7.250%		KS - 80.00%		Paid Off - 360		01-Jan-2005

1000184543 3			200,000.00		198,943.48			12-Jul-2005		7.725%		MA - 54.79%		Paid Off - 360		01-Jan-2005

1000197441 1			132,050.00		131,384.77			26-Jul-2005		7.750%		FL - 95.00%		Paid Off - 360		01-Jan-2005

1000200749 1			247,500.00		247,500.00			27-Jul-2005		6.900%		CA - 90.00%		Paid Off - 360		01-Jan-2005

1000201739 3			107,200.00		106,758.96			20-Jul-2005		8.450%		FL - 80.00%		Paid Off - 360		01-Feb-2005

1000208830 2			108,000.00		107,476.61			08-Jul-2005		7.150%		FL - 90.00%		Paid Off - 360		01-Feb-2005



Page 22 of 32
Morgan Stanley ABS Capital I Inc. 2005-NC2

Mortgage Pass-Through Certificates

2005-NC2

August 25, 2005 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

1000212987 1			132,000.00		131,134.55			21-Jul-2005		6.400%		MN - 64.39%		Paid Off - 360		01-Jan-2005


1000214315 3			88,500.00		87,270.18			29-Jul-2005		6.865%		KY - 69.69%		Paid Off - 240		01-Jan-2005

1000220932 1			117,600.00		116,686.47			08-Jul-2005		5.500%		UT - 80.00%		Paid Off - 360		01-Jan-2005

1000236097 2			242,800.00		241,007.45			21-Jul-2005		6.000%		HI - 80.00%		Paid Off - 360		01-Jan-2005

1000237041 1			152,150.00		151,375.42			26-Jul-2005		7.300%		CA - 85.00%		Paid Off - 360		01-Feb-2005

1000240162 2			204,250.00		203,241.38			25-Jul-2005		7.850%		OR - 95.00%		Paid Off - 360		01-Jan-2005

1000243203 3			360,000.00		358,371.67			25-Jul-2005		7.500%		CA - 84.71%		Paid Off - 360		01-Feb-2005

1000257563 2			222,400.00		221,343.13			27-Jul-2005		7.250%		FL - 80.00%		Paid Off - 360		01-Feb-2005

1000257769 2			232,000.00		230,480.04			18-Jul-2005		6.100%		CA - 80.00%		Paid Off - 360		01-Feb-2005

1000259197 1			246,600.00		244,684.38			19-Jul-2005		5.500%		CA - 90.00%		Paid Off - 360		01-Jan-2005

1000261530 1			113,200.00		112,806.99			27-Jul-2005		8.850%		FL - 80.00%		Paid Off - 360		01-Feb-2005

1000263707 1			255,000.00		253,582.02			27-Jul-2005		7.250%		CA - 85.00%		Paid Off - 360		01-Jan-2005

1000268720 1			66,000.00		65,658.81			21-Jul-2005		7.175%		CA - 44.00%		Paid Off - 360		01-Feb-2005

1000269211 1			364,000.00		361,590.61			14-Jul-2005		6.350%		CA - 74.29%		Paid Off - 360		01-Jan-2005

1000271645 2			220,800.00		219,398.66			19-Jul-2005		5.750%		ME - 80.00%		Paid Off - 360		01-Feb-2005

1000271690 3			55,200.00		55,087.25			19-Jul-2005		11.350%		ME - 20.00%		Paid Off - 360		01-Feb-2005

1000273518 3			228,000.00		226,111.05			26-Jul-2005		5.990%		NJ - 80.00%		Paid Off - 360		01-Feb-2005

1000275801 1			293,463.00		293,463.00			26-Jul-2005		6.200%		CA - 83.85%		Paid Off - 360		01-Feb-2005

1000277943 3			86,800.00		86,073.78			06-Jul-2005		10.950%		CA - 20.00%		Paid Off - 240		01-Feb-2005

1000279987 1			310,000.00		308,311.89			14-Jul-2005		6.550%		VA - 83.11%		Paid Off - 360		01-Feb-2005

1000280163 3			360,000.00		358,513.72			21-Jul-2005		8.450%		NJ - 90.00%		Paid Off - 360		01-Feb-2005

1000306485 1			96,050.00		95,598.43			08-Jul-2005		8.100%		FL - 85.00%		Paid Off - 360		01-Jan-2005

1000307698 1			40,000.00		39,841.95			27-Jul-2005		9.400%		WA - 20.00%		Paid Off - 360		01-Feb-2005

1000308893 1			352,750.00		351,073.77			06-Jul-2005		7.250%		CA - 85.00%		Paid Off - 360		01-Feb-2005

1000315983 1			46,200.00		45,878.67			26-Jul-2005		11.150%		FL - 20.00%		Paid Off - 240		01-Feb-2005

1000327300 1			76,500.00		75,365.05			01-Jul-2005		7.650%		OH - 90.00%		Paid Off - 360		01-Jan-2005

1000327685 2			265,500.00		264,658.35			22-Jul-2005		8.350%		CA - 90.00%		Paid Off - 360		01-Mar-2005

1000330485 2			156,750.00		155,904.60			14-Jul-2005		6.600%		CA - 95.00%		Paid Off - 360		01-Feb-2005

1000340544 1			157,500.00		156,979.37			05-Jul-2005		9.050%		FL - 90.00%		Paid Off - 360		01-Feb-2005

1000346780 1			313,000.00		311,512.63			22-Jul-2005		7.250%		CA - 86.94%		Paid Off - 360		01-Feb-2005

1000349796 1			92,000.00		91,549.77			29-Jul-2005		7.100%		CA - 53.49%		Paid Off - 360		01-Feb-2005

1000355145 1			256,500.00		255,129.92			11-Jul-2005		6.650%		CA - 90.00%		Paid Off - 360		01-Feb-2005

1000362903 3			260,000.00		258,914.11			06-Jul-2005		7.900%		MA - 71.23%		Paid Off - 360		01-Feb-2005

1000366464 2			163,200.00		162,628.91			19-Jul-2005		8.850%		GA - 85.00%		Paid Off - 360		01-Feb-2005

1000367613 2			84,000.00		83,414.05			06-Jul-2005		5.900%		MD - 80.00%		Paid Off - 360		01-Feb-2005

1000368079 3			104,000.00		103,460.35			13-Jul-2005		6.800%		FL - 80.00%		Paid Off - 360		01-Feb-2005

1000370280 3			211,920.00		210,831.04			13-Jul-2005		6.850%		MA - 80.00%		Paid Off - 360		01-Feb-2005

1000378843 2			103,500.00		102,947.17			26-Jul-2005		6.650%		CA - 90.00%		Paid Off - 360		01-Feb-2005



Page 23 of 32
Morgan Stanley ABS Capital I Inc. 2005-NC2

Mortgage Pass-Through Certificates

2005-NC2

August 25, 2005 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

1000379478 1			160,000.00		159,270.94			13-Jul-2005		7.463%		IL - 80.00%		Paid Off - 360		01-Feb-2005


1000381740 1			252,000.00		250,653.90			21-Jul-2005		6.650%		IL - 79.75%		Paid Off - 360		01-Feb-2005

1000383070 2			382,500.00		380,396.94			01-Jul-2005		6.500%		CA - 90.00%		Paid Off - 360		01-Feb-2005

1000384881 1			335,700.00		333,688.73			28-Jul-2005		6.050%		CA - 90.00%		Paid Off - 360		01-Feb-2005

1000385719 1			223,920.00		222,876.70			05-Jul-2005		7.350%		VA - 80.00%		Paid Off - 360		01-Feb-2005

1000387030 2			235,000.00		233,592.04			28-Jul-2005		6.050%		CA - 58.02%		Paid Off - 360		01-Feb-2005

1000387334 1			234,000.00		233,975.92			05-Jul-2005		6.150%		CA - 90.00%		Paid Off - 360		01-Feb-2005

1000390375 2			200,000.00		198,646.45			12-Jul-2005		5.400%		CA - 72.99%		Paid Off - 360		01-Feb-2005

1000390801 1			175,200.00		174,803.84			20-Jul-2005		10.850%		CA - 60.00%		Paid Off - 360		01-Feb-2005

1000392239 3			442,400.00		442,399.96			22-Jul-2005		5.900%		CA - 80.00%		Paid Off - 360		01-Feb-2005

1000395165 1			243,000.00		243,000.00			07-Jul-2005		6.990%		CA - 90.00%		Paid Off - 360		01-Feb-2005

1000395218 3			716,000.00		715,800.85			06-Jul-2005		7.650%		HI - 80.00%		Paid Off - 360		01-Feb-2005

1000402638 1			170,000.00		168,799.69			28-Jul-2005		5.500%		CA - 68.55%		Paid Off - 360		01-Feb-2005

1000402807 2			311,500.00		309,975.57			11-Jul-2005		7.100%		CA - 66.99%		Paid Off - 360		01-Feb-2005

1000407312 2			268,800.00		267,600.99			21-Jul-2005		7.650%		CA - 60.00%		Paid Off - 360		01-Feb-2005

1000408712 2			336,698.00		335,514.28			19-Jul-2005		8.750%		FL - 90.00%		Paid Off - 360		01-Feb-2005

1000409383 1			275,400.00		275,400.00			01-Jul-2005		6.900%		PA - 90.00%		Paid Off - 360		01-Feb-2005

1000414956 1			145,000.00		144,363.39			18-Jul-2005		7.650%		MA - 77.13%		Paid Off - 360		01-Feb-2005

1000415526 3			267,665.00		267,664.96			25-Jul-2005		5.950%		TN - 85.00%		Paid Off - 360		01-Feb-2005

1000418943 1			145,600.00		145,599.54			27-Jul-2005		6.650%		MT - 80.00%		Paid Off - 360		01-Feb-2005

1000418952 1			36,400.00		36,101.48			27-Jul-2005		10.450%		MT - 20.00%		Paid Off - 240		01-Feb-2005

1000421733 2			256,000.00		254,480.70			26-Jul-2005		6.100%		CA - 74.64%		Paid Off - 360		01-Feb-2005

1000428647 2			121,500.00		120,869.58			01-Jul-2005		6.800%		CA - 90.00%		Paid Off - 360		01-Feb-2005

1000429254 1			144,500.00		144,499.01			06-Jul-2005		5.900%		CA - 85.00%		Paid Off - 360		01-Feb-2005

1000431321 2			182,700.00		181,966.99			13-Jul-2005		8.100%		FL - 90.00%		Paid Off - 360		01-Feb-2005

1000433971 2			250,750.00		249,929.39			15-Jul-2005		9.100%		CA - 85.00%		Paid Off - 360		01-Feb-2005

1000434550 3			240,000.00		238,914.45			07-Jul-2005		7.500%		IL - 80.00%		Paid Off - 360		01-Feb-2005

1000436709 2			131,000.00		130,377.50			29-Jul-2005		7.250%		CA - 74.86%		Paid Off - 360		01-Feb-2005

1000436807 3			400,000.00		397,944.63			06-Jul-2005		6.850%		CA - 80.00%		Paid Off - 360		01-Feb-2005

1000437058 3			175,750.00		175,750.00			25-Jul-2005		8.200%		CA - 95.00%		Paid Off - 360		01-Feb-2005

1000437496 1			194,750.00		194,731.96			21-Jul-2005		7.600%		AZ - 88.52%		Paid Off - 360		01-Feb-2005

1000438967 2			216,000.00		215,226.77			06-Jul-2005		9.000%		NV - 75.00%		Paid Off - 360		01-Feb-2005

1000439546 3			72,000.00		71,617.25			29-Jul-2005		6.675%		PA - 84.71%		Paid Off - 360		01-Feb-2005

1000441873 3			495,000.00		492,079.98			06-Jul-2005		6.500%		MI - 85.34%		Paid Off - 360		01-Feb-2005

1000442408 3			294,300.00		294,296.31			15-Jul-2005		8.150%		FL - 90.00%		Paid Off - 360		01-Feb-2005

1000443185 1			270,000.00		268,980.42			18-Jul-2005		8.400%		MA - 90.00%		Paid Off - 360		01-Feb-2005

1000443318 1			104,975.00		104,975.00			22-Jul-2005		7.075%		MD - 83.98%		Paid Off - 360		01-Feb-2005

1000443988 2			288,000.00		286,531.13			14-Jul-2005		6.900%		CA - 75.00%		Paid Off - 360		01-Feb-2005



Page 24 of 32
Morgan Stanley ABS Capital I Inc. 2005-NC2

Mortgage Pass-Through Certificates

2005-NC2

August 25, 2005 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

1000446495 1			344,000.00		343,998.99			27-Jul-2005		7.750%		CA - 80.00%		Paid Off - 360		01-Feb-2005


1000449535 2			550,000.00		547,985.73			25-Jul-2005		8.550%		CA - 84.36%		Paid Off - 360		01-Feb-2005

1000449857 3			296,000.00		295,999.95			01-Jul-2005		6.950%		FL - 80.00%		Paid Off - 360		01-Feb-2005

1000451889 3			320,000.00		319,996.61			15-Jul-2005		5.650%		CA - 80.00%		Paid Off - 360		01-Feb-2005

1000452511 1			333,000.00		333,000.00			20-Jul-2005		6.100%		CA - 90.00%		Paid Off - 360		01-Feb-2005

1000454378 3			239,200.00		237,771.65			28-Jul-2005		6.350%		CA - 80.00%		Paid Off - 360		01-Feb-2005

1000462449 2			296,500.00		295,093.31			06-Jul-2005		7.300%		CA - 59.99%		Paid Off - 360		01-Feb-2005

1000465678 2			224,000.00		223,141.20			12-Jul-2005		8.325%		RI - 70.00%		Paid Off - 360		01-Feb-2005

1000466739 1			39,980.00		39,716.13			05-Jul-2005		11.550%		FL - 20.00%		Paid Off - 240		01-Feb-2005

1000467943 3			445,000.00		442,713.38			29-Jul-2005		6.850%		CA - 84.76%		Paid Off - 360		01-Feb-2005

1000472009 3			23,848.00		23,672.12			20-Jul-2005		10.700%		AZ - 20.00%		Paid Off - 240		01-Feb-2005

1000473473 2			70,000.00		69,584.56			29-Jul-2005		6.100%		NJ - 63.64%		Paid Off - 360		01-Feb-2005

1000474551 1			54,000.00		53,762.90			19-Jul-2005		7.650%		FL - 90.00%		Paid Off - 360		01-Feb-2005

1000476595 2			250,000.00		248,664.61			20-Jul-2005		6.650%		CA - 79.37%		Paid Off - 360		01-Feb-2005

1000480161 3			242,500.00		241,192.13			27-Jul-2005		6.600%		MO - 76.74%		Paid Off - 360		01-Feb-2005

1000486762 1			226,000.00		224,967.59			28-Jul-2005		7.450%		CA - 76.35%		Paid Off - 360		01-Feb-2005

1000487431 2			239,000.00		237,759.89			27-Jul-2005		6.800%		NJ - 79.67%		Paid Off - 360		01-Feb-2005

1000493166 3			392,000.00		392,000.00			29-Jul-2005		8.650%		CA - 94.93%		Paid Off - 360		01-Feb-2005

1000496528 2			103,480.00		102,854.07			13-Jul-2005		6.000%		NV - 80.00%		Paid Off - 360		01-Feb-2005

1000502968 2			202,500.00		201,354.12			27-Jul-2005		6.350%		CA - 69.83%		Paid Off - 360		01-Feb-2005

1000505858 2			255,000.00		254,263.82			21-Jul-2005		9.700%		CA - 75.00%		Paid Off - 360		01-Feb-2005

1000507918 2			72,000.00		71,798.30			14-Jul-2005		8.950%		OH - 90.00%		Paid Off - 360		01-Mar-2005

1000512243 2			273,700.00		272,645.35			06-Jul-2005		8.300%		NV - 85.00%		Paid Off - 360		01-Feb-2005

1000519291 3			211,500.00		210,348.26			06-Jul-2005		6.550%		NV - 90.00%		Paid Off - 360		01-Feb-2005

1000522606 2			164,000.00		164,000.00			22-Jul-2005		6.750%		CA - 80.00%		Paid Off - 360		01-Feb-2005

1000524524 3			400,000.00		399,999.96			18-Jul-2005		5.650%		FL - 50.31%		Paid Off - 360		01-Feb-2005

1000526620 2			103,700.00		103,368.14			08-Jul-2005		8.300%		FL - 85.00%		Paid Off - 360		01-Mar-2005

1000532597 3			64,000.00		63,667.95			20-Jul-2005		6.800%		MO - 80.00%		Paid Off - 360		01-Feb-2005

1000538261 3			495,000.00		492,529.72			15-Jul-2005		7.000%		CA - 90.00%		Paid Off - 360		01-Feb-2005

1000544361 3			155,000.00		154,456.89			11-Jul-2005		7.850%		MI - 81.58%		Paid Off - 360		01-Mar-2005

1000548009 3			413,910.00		412,664.01			18-Jul-2005		9.500%		VA - 90.00%		Paid Off - 360		01-Feb-2005

1000548063 3			43,000.00		42,618.43			29-Jul-2005		9.700%		AZ - 20.00%		Paid Off - 240		01-Feb-2005

1000550852 3			336,000.00		335,852.92			11-Jul-2005		7.500%		CA - 80.00%		Paid Off - 360		01-Feb-2005

1000551398 2			180,000.00		178,931.72			20-Jul-2005		6.100%		UT - 80.00%		Paid Off - 360		01-Feb-2005

1000552146 2			220,000.00		218,836.14			01-Jul-2005		6.700%		CA - 58.67%		Paid Off - 360		01-Feb-2005

1000554992 2			327,250.00		325,769.83			28-Jul-2005		7.500%		CA - 85.00%		Paid Off - 360		01-Feb-2005

1000555688 3			500,000.00		394,974.69			05-Jul-2005		7.050%		VA - 68.97%		Paid Off - 360		01-Mar-2005

1000559835 2			150,000.00		149,493.84			21-Jul-2005		8.950%		CA - 75.00%		Paid Off - 360		01-Feb-2005



Page 25 of 32
Morgan Stanley ABS Capital I Inc. 2005-NC2

Mortgage Pass-Through Certificates

2005-NC2

August 25, 2005 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

1000560075 3			130,500.00		129,834.50			19-Jul-2005		6.950%		IL - 89.38%		Paid Off - 360		01-Feb-2005


1000563287 3			342,400.00		340,367.94			14-Jul-2005		6.100%		CA - 80.00%		Paid Off - 360		01-Feb-2005

1000563571 2			140,000.00		139,517.79			27-Jul-2005		8.850%		HI - 70.00%		Paid Off - 360		01-Feb-2005

1000563599 2			238,000.00		237,298.32			01-Jul-2005		9.600%		SC - 70.00%		Paid Off - 360		01-Feb-2005

1000564918 3			400,350.00		398,502.98			08-Jul-2005		7.400%		CA - 85.00%		Paid Off - 360		01-Feb-2005

1000568353 3			257,000.00		255,934.33			01-Jul-2005		7.000%		OH - 77.88%		Paid Off - 360		01-Mar-2005

1000569548 2			182,000.00		180,989.68			19-Jul-2005		6.450%		CA - 60.67%		Paid Off - 360		01-Feb-2005

1000571027 3			32,800.00		32,556.51			05-Jul-2005		10.650%		CA - 20.00%		Paid Off - 240		01-Feb-2005

1000573089 2			259,000.00		257,791.60			08-Jul-2005		7.450%		CA - 82.88%		Paid Off - 360		01-Feb-2005

1000576424 3			596,000.00		596,000.00			06-Jul-2005		6.750%		CA - 80.00%		Paid Off - 360		01-Feb-2005

1000580179 3			399,750.00		399,749.96			29-Jul-2005		5.850%		NV - 68.33%		Paid Off - 360		01-Feb-2005

1000591121 3			135,920.00		135,314.27			26-Jul-2005		7.575%		AZ - 80.00%		Paid Off - 360		01-Feb-2005

1000594315 2			262,500.00		261,042.80			22-Jul-2005		6.450%		CA - 70.00%		Paid Off - 360		01-Feb-2005

1000595920 2			225,000.00		224,050.66			20-Jul-2005		7.900%		CA - 86.99%		Paid Off - 360		01-Feb-2005

1000597367 2			151,300.00		150,680.62			18-Jul-2005		8.000%		CA - 85.00%		Paid Off - 360		01-Feb-2005

1000599828 2			190,000.00		188,795.21			29-Jul-2005		5.750%		CA - 67.14%		Paid Off - 360		01-Feb-2005

1000600148 2			90,000.00		89,568.11			13-Jul-2005		7.200%		CA - 46.15%		Paid Off - 360		01-Feb-2005

1000606507 2			276,000.00		276,000.00			29-Jul-2005		6.375%		AZ - 80.00%		Paid Off - 360		01-Feb-2005

1000615016 2			228,000.00		227,173.45			14-Jul-2005		8.600%		NJ - 88.37%		Paid Off - 360		01-Feb-2005

1000616827 2			238,000.00		237,132.01			12-Jul-2005		7.650%		CA - 70.00%		Paid Off - 360		01-Mar-2005

1000628333 1			108,000.00		107,552.15			21-Jul-2005		7.000%		FL - 80.00%		Paid Off - 360		01-Mar-2005

1000630749 3			78,030.00		77,751.04			19-Jul-2005		7.750%		LA - 51.00%		Paid Off - 360		01-Mar-2005

1000633568 2			171,000.00		170,415.62			01-Jul-2005		8.888%		MN - 90.00%		Paid Off - 360		01-Feb-2005

1000635183 3			59,500.00		59,161.66			22-Jul-2005		7.000%		MO - 85.00%		Paid Off - 360		01-Feb-2005

1000636422 2			88,800.00		88,407.47			19-Jul-2005		6.700%		NC - 80.00%		Paid Off - 360		01-Mar-2005

1000638359 3			22,200.00		22,086.33			19-Jul-2005		12.300%		NC - 20.00%		Paid Off - 240		01-Mar-2005

1000639045 3			230,000.00		229,000.21			06-Jul-2005		7.700%		NH - 86.79%		Paid Off - 360		01-Feb-2005

1000639839 3			81,000.00		80,684.69			29-Jul-2005		8.250%		MI - 90.00%		Paid Off - 360		01-Feb-2005

1000640328 2			204,000.00		203,145.76			01-Jul-2005		6.950%		CA - 85.00%		Paid Off - 360		01-Mar-2005

1000649882 3			357,696.00		356,551.44			27-Jul-2005		8.300%		FL - 90.00%		Paid Off - 360		01-Mar-2005



TOTAL			47,059,639.00		46,766,701.88



Page 26 of 32
Morgan Stanley ABS Capital I Inc. 2005-NC2

Mortgage Pass-Through Certificates

2005-NC2

August 25, 2005 Distribution
Realized Loss Report

COLLATERAL REALIZED LOSSES



									Group 3		Group 2		Group 1		Total


Current




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

Cumulative




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










Page 27 of 32
Morgan Stanley ABS Capital I Inc. 2005-NC2

Mortgage Pass-Through Certificates

2005-NC2

August 25, 2005 Distribution


DEFAULT SPEEDS



									Group 3		Group 2		Group 1		Total



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


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


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


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












Page 28 of 32
Morgan Stanley ABS Capital I Inc. 2005-NC2

Mortgage Pass-Through Certificates

2005-NC2

August 25, 2005 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 29 of 32
Morgan Stanley ABS Capital I Inc. 2005-NC2

Mortgage Pass-Through Certificates

2005-NC2

August 25, 2005 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 30 of 32
Morgan Stanley ABS Capital I Inc. 2005-NC2

Mortgage Pass-Through Certificates

2005-NC2

August 25, 2005 Distribution
Triggers and Adj. Cert. Report
TRIGGER EVENTS

								Group 3		Group 2		Group 1		Total
						Trigger Event in effect (0=No , 1=Yes)								0
						Stepdown Date has occurred (0 = No, 1=Yes)								0
						3M Rolling Avg.Bal 60+ days includes BK,FC,REO								10,245,116.84
						Ending Balance								1,339,845,230.38
						Prior Period Senior Enhancement Percentage								20.8175%



ADJUSTABLE RATE CERTIFICATE INFORMATION

SPACE INTENTIONALLY LEFT BLANK



ADDITIONAL INFORMATION

								Group 3		Group 2		Group 1		Total
Basis Risk CarryForward Amount paid														0.00
Basis Risk CarryForward Amount unpaid														0.00




Page 31 of 32
Morgan Stanley ABS Capital I Inc. 2005-NC2

Mortgage Pass-Through Certificates

2005-NC2

August 25, 2005 Distribution
Other Related Information
ADDITIONAL INFORMATION

								Group 3		Group 2		Group 1		Total
Current Scheduled Payments														9,222,856.58
Current Scheduled Payments 1 Month Prior														9,563,910.95
Current Scheduled Payments 2 Month Prior														9,781,303.73
Current Scheduled Payments 3 Month Prior														9,906,492.25
Current Scheduled Payments 4 Month Prior														0.00
Current Scheduled Payments 5 Month Prior														0.00
Current Scheduled Payments 6 Month Prior														0.00
Current Scheduled Payments 7 Month Prior														0.00
Current Scheduled Payments 8 Month Prior														0.00
Current Scheduled Payments 9 Month Prior														0.00
Current Scheduled Payments 10 Month Prior														0.00
Current Scheduled Payments 11 Month Prior														0.00





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




Page 32 of 32

Morgan Stanley ABS Capital I Inc. Trust 2005-NC2 8-K