

                                    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
             January 1, 2005, providing for the issuance of Mortgage Pass-Through
                              Certificates, Series 2005-HE1)
                      (Exact name of registrant as specified in charter)


                                         DELAWARE
                     (State or Other Jurisdiction of Incorporation)

               333-113543-22                        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-HE1, which
     was made on January 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-HE1

Mortgage Pass-Through Certificates

2005-HE1

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					20
										9. Prepayment Detail Report					23

										10. Realized Loss Report					31
										11. Realized Loss Detail Report					34
				Servicer(s)
										12. Triggers and Adj. Cert. Report					35
				Chase Securities, Inc
										13. Other Related Information					36
				HomeQ Servicing Corp.



				Underwriter(s)
				Morgan Stanley & Co. Inc


										Total Number of Pages					36


				Dates						Contacts

				Cut-Off Date:			January 01, 2005			Marion Hogan
				Close Date:			January 26, 2005			Administrator
				First Distribution Date:			February 25, 2005			(714) 247-6282
										marion.c.hogan@db.com

										Address:
										1761 East St. Andrew Place, Santa Ana, CA 92705
				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 36
Morgan Stanley ABS Capital I Inc. 2005-HE1

Mortgage Pass-Through Certificates

2005-HE1

August 25, 2005 Distribution
Certificate Payment Report
Current Period Distribution -
					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	FLT, SR	$	334,795,000.00		270,038,856.33		880,720.48		13,757,121.20		14,637,841.68		0.00		0.00		256,281,735.13

A-1MZ	FLT, SR	$	37,200,000.00		30,004,765.48		97,407.14		1,528,591.85		1,625,998.99		0.00		0.00		28,476,173.63
A-2SS	FLT, SR	$	503,344,000.00		411,674,378.00		1,322,275.23		18,728,653.43		20,050,928.66		0.00		0.00		392,945,724.57
A-2MZ	FLT, SR	$	125,837,000.00		102,919,412.39		333,230.19		4,682,200.57		5,015,430.76		0.00		0.00		98,237,211.82
A-3A	FLT, SR	$	155,611,000.00		72,165,868.30		223,092.76		12,772,089.24		12,995,182.00		0.00		0.00		59,393,779.06
A-3B	FLT, SR	$	164,000,000.00		164,000,000.00		519,697.78		0.00		519,697.78		0.00		0.00		164,000,000.00
A-3C	FLT, SR	$	40,000,000.00		40,000,000.00		131,577.78		0.00		131,577.78		0.00		0.00		40,000,000.00
A-3MZ	FLT, SR	$	39,957,000.00		30,685,267.14		100,144.78		1,419,128.92		1,519,273.70		0.00		0.00		29,266,138.22
M-1	MEZ, FLT	$	53,117,000.00		53,117,000.00		178,841.99		0.00		178,841.99		0.00		0.00		53,117,000.00
M-2	MEZ, FLT	$	49,690,000.00		49,690,000.00		168,159.24		0.00		168,159.24		0.00		0.00		49,690,000.00
M-3	MEZ, FLT	$	34,268,000.00		34,268,000.00		117,444.05		0.00		117,444.05		0.00		0.00		34,268,000.00
M-4	MEZ, FLT	$	29,129,000.00		29,129,000.00		104,848.22		0.00		104,848.22		0.00		0.00		29,129,000.00
M-5	MEZ, FLT	$	25,702,000.00		25,702,000.00		93,619.54		0.00		93,619.54		0.00		0.00		25,702,000.00
M-6	MEZ, FLT	$	21,418,000.00		21,418,000.00		79,859.39		0.00		79,859.39		0.00		0.00		21,418,000.00
B-1	MEZ, FLT	$	20,561,000.00		20,561,000.00		85,162.52		0.00		85,162.52		0.00		0.00		20,561,000.00
B-2	MEZ, FLT	$	14,565,000.00		14,565,000.00		61,832.47		0.00		61,832.47		0.00		0.00		14,565,000.00
B-3	MEZ, FLT	$	17,134,000.00		17,134,000.00		85,722.35		0.00		85,722.35		0.00		0.00		17,134,000.00
X	EXE	$	47,120,448.00		47,119,832.32		3,485,714.02		0.00		3,485,714.02		0.00		0.00		47,119,832.32
P	SUB	$	0.00		0.00		1,026,343.87		0.00		1,026,343.87		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			1,713,448,448.00		1,434,192,379.96		9,095,693.80		52,887,785.21		61,983,479.01		0.00		0.00		1,381,304,594.75






Page 2 of 36
Morgan Stanley ABS Capital I Inc. 2005-HE1

Mortgage Pass-Through Certificates

2005-HE1

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		61744CKX3		334,795,000.00		806.579717		2.630626		41.091179		43.721805	765.488538
A-1MZ	07/25/05		08/24/05		A-Act/360		61744CKG0		37,200,000.00		806.579717		2.618472		41.091179		43.709650	765.488538
A-2SS	07/25/05		08/24/05		A-Act/360		61744CKY1		503,344,000.00		817.878783		2.626981		37.208457		39.835438	780.670326
A-2MZ	07/25/05		08/24/05		A-Act/360		61744CKH8		125,837,000.00		817.878783		2.648110		37.208457		39.856567	780.670326
A-3A	07/25/05		08/24/05		A-Act/360		61744CKJ4		155,611,000.00		463.758142		1.433657		82.077033		83.510690	381.681109
A-3B	07/25/05		08/24/05		A-Act/360		61744CKK1		164,000,000.00		1,000.000000		3.168889		0.000000		3.168889	1,000.000000
A-3C	07/25/05		08/24/05		A-Act/360		61744CKL9		40,000,000.00		1,000.000000		3.289445		0.000000		3.289445	1,000.000000
A-3MZ	07/25/05		08/24/05		A-Act/360		61744CKM7		39,957,000.00		767.957233		2.506314		35.516403		38.022717	732.440829
M-1	07/25/05		08/24/05		A-Act/360		61744CKN5		53,117,000.00		1,000.000000		3.366944		0.000000		3.366944	1,000.000000
M-2	07/25/05		08/24/05		A-Act/360		61744CKP0		49,690,000.00		1,000.000000		3.384167		0.000000		3.384167	1,000.000000
M-3	07/25/05		08/24/05		A-Act/360		61744CKQ8		34,268,000.00		1,000.000000		3.427222		0.000000		3.427222	1,000.000000
M-4	07/25/05		08/24/05		A-Act/360		61744CKR6		29,129,000.00		1,000.000000		3.599445		0.000000		3.599445	1,000.000000
M-5	07/25/05		08/24/05		A-Act/360		61744CKS4		25,702,000.00		1,000.000000		3.642500		0.000000		3.642500	1,000.000000
M-6	07/25/05		08/24/05		A-Act/360		61744CKT2		21,418,000.00		1,000.000000		3.728611		0.000000		3.728611	1,000.000000
B-1	07/25/05		08/24/05		A-Act/360		61744CKU9		20,561,000.00		1,000.000000		4.141944		0.000000		4.141944	1,000.000000
B-2	07/25/05		08/24/05		A-Act/360		61744CKV7		14,565,000.00		1,000.000000		4.245278		0.000000		4.245278	1,000.000000
B-3	07/25/05		08/24/05		A-Act/360		61744CKW5		17,134,000.00		1,000.000000		5.003055		0.000000		5.003055	1,000.000000
X	07/25/05		08/24/05		A-30/360				47,120,448.00		999.986934		73.974552		0.000000		73.974552	999.986934
P	07/25/05		08/24/05		A-30/360				0.00		0.000000		0.000000		0.000000		0.000000	0.000000
R	07/25/05		08/24/05		A-30/360				0.00		0.000000		0.000000		0.000000		0.000000	0.000000




Page 3 of 36
Morgan Stanley ABS Capital I Inc. 2005-HE1

Mortgage Pass-Through Certificates

2005-HE1

August 25, 2005 Distribution

Distribution to Date -
																	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	334,795,000.00		5,950,235.24		76,554,959.08		1,958,330.45		78,513,289.53		84,463,524.77		0.00		0.00		256,281,735.13
A-1MZ	37,200,000.00		657,640.21		8,506,233.58		217,595.52		8,723,829.11		9,381,469.32		0.00		0.00		28,476,173.63
A-2SS	503,344,000.00		8,808,150.59		107,587,890.39		2,810,391.44		110,398,281.83		119,206,432.42		0.00		0.00		392,945,724.57
A-2MZ	125,837,000.00		2,222,427.40		26,897,186.33		702,603.44		27,599,789.78		29,822,217.18		0.00		0.00		98,237,211.82
A-3A	155,611,000.00		2,119,179.96		93,713,279.76		2,503,909.32		96,217,189.08		98,336,369.04		0.00		0.00		59,393,779.06
A-3B	164,000,000.00		3,088,366.17		0.00		0.00		0.00		3,088,366.17		0.00		0.00		164,000,000.00
A-3C	40,000,000.00		786,082.27		0.00		0.00		0.00		786,082.27		0.00		0.00		40,000,000.00
A-3MZ	39,957,000.00		692,362.45		10,412,644.55		278,213.69		10,690,858.24		11,383,220.69		0.00		0.00		29,266,138.22
M-1	53,117,000.00		1,071,877.53		0.00		0.00		0.00		1,071,877.53		0.00		0.00		53,117,000.00
M-2	49,690,000.00		1,008,546.94		0.00		0.00		0.00		1,008,546.94		0.00		0.00		49,690,000.00
M-3	34,268,000.00		705,572.44		0.00		0.00		0.00		705,572.44		0.00		0.00		34,268,000.00
M-4	29,129,000.00		633,906.95		0.00		0.00		0.00		633,906.95		0.00		0.00		29,129,000.00
M-5	25,702,000.00		566,860.50		0.00		0.00		0.00		566,860.50		0.00		0.00		25,702,000.00
M-6	21,418,000.00		484,929.71		0.00		0.00		0.00		484,929.71		0.00		0.00		21,418,000.00
B-1	20,561,000.00		523,371.15		0.00		0.00		0.00		523,371.15		0.00		0.00		20,561,000.00
B-2	14,565,000.00		380,989.67		0.00		0.00		0.00		380,989.67		0.00		0.00		14,565,000.00
B-3	17,134,000.00		536,562.65		0.00		0.00		0.00		536,562.65		0.00		0.00		17,134,000.00
X	47,120,448.00		32,583,883.95		578.90		27.54		615.68		32,584,499.63		9.24		9.24		47,119,832.32
P	0.00		5,870,360.50		0.00		0.00		0.00		5,870,360.50		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	1,713,448,448.00		68,691,306.28		323,672,772.59		8,471,071.40		332,143,853.25		400,835,159.53		9.24		9.24		1,381,304,594.75



Page 4 of 36
Morgan Stanley ABS Capital I Inc. 2005-HE1

Mortgage Pass-Through Certificates

2005-HE1

August 25, 2005 Distribution

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


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

Class	Rate		Balance		Interest		Interest SF		Interest		Adjustment		Interest		Interest		Interest
					(1)		(2)		(3)		(4)		(5)=(1)-(2)+(3)+(4)		(6)		(7)=(5)-(6)
A-1SS	3.78750%		270,038,856.33		880,720.48		0.00		0.00		0.00		880,720.48		880,720.48		0.00
A-1MZ	3.77000%		30,004,765.48		97,407.14		0.00		0.00		0.00		97,407.14		97,407.14		0.00
A-2SS	3.73000%		411,674,378.00		1,322,275.23		0.00		0.00		0.00		1,322,275.23		1,322,275.23		0.00
A-2MZ	3.76000%		102,919,412.39		333,230.19		0.00		0.00		0.00		333,230.19		333,230.19		0.00
A-3A	3.59000%		72,165,868.30		223,092.76		0.00		0.00		0.00		223,092.76		223,092.76		0.00
A-3B	3.68000%		164,000,000.00		519,697.78		0.00		0.00		0.00		519,697.78		519,697.78		0.00
A-3C	3.82000%		40,000,000.00		131,577.78		0.00		0.00		0.00		131,577.78		131,577.78		0.00
A-3MZ	3.79000%		30,685,267.14		100,144.78		0.00		0.00		0.00		100,144.78		100,144.78		0.00
M-1	3.91000%		53,117,000.00		178,841.99		0.00		0.00		0.00		178,841.99		178,841.99		0.00
M-2	3.93000%		49,690,000.00		168,159.24		0.00		0.00		0.00		168,159.24		168,159.24		0.00
M-3	3.98000%		34,268,000.00		117,444.05		0.00		0.00		0.00		117,444.05		117,444.05		0.00
M-4	4.18000%		29,129,000.00		104,848.22		0.00		0.00		0.00		104,848.22		104,848.22		0.00
M-5	4.23000%		25,702,000.00		93,619.54		0.00		0.00		0.00		93,619.54		93,619.54		0.00
M-6	4.33000%		21,418,000.00		79,859.39		0.00		0.00		0.00		79,859.39		79,859.39		0.00
B-1	4.81000%		20,561,000.00		85,162.52		0.00		0.00		0.00		85,162.52		85,162.52		0.00
B-2	4.93000%		14,565,000.00		61,832.47		0.00		0.00		0.00		61,832.47		61,832.47		0.00
B-3	5.81000%		17,134,000.00		85,722.35		0.00		0.00		0.00		85,722.35		85,722.35		0.00
X	88.77062%		47,119,832.32		0.00		0.00		0.00		0.00		0.00		3,485,714.02		0.00
P	0.00000%		0.00		0.00		0.00		0.00		0.00		0.00		1,026,343.87		0.00
R	0.00000%		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00


Total			1,434,192,379.96		4,583,635.91		0.00		0.00		0.00		4,583,635.91		9,095,693.80		0.00



Page 5 of 36
Morgan Stanley ABS Capital I Inc. 2005-HE1

Mortgage Pass-Through Certificates

2005-HE1

August 25, 2005 Distribution
Collection Account Report
SUMMARY

								Group 3		Group 2		Group 1		Total
Principal Collections								14,191,124.14		23,410,698.90		15,285,611.78		52,887,434.82
Principal Withrawals								0.00		0.00		0.00		0.00
Principal Other Accounts								0.00		0.00		0.00		0.00
TOTAL NET PRINCIPAL								14,191,124.14		#######		15,285,611.78		52,887,434.82
Interest Collections								2,221,357.97		3,754,597.12		2,210,629.93		8,186,585.02
Interest Withdrawals								-0.00		-0.00		-0.00		-0.00
Interest Other Accounts								0.00		0.00		0.00		1,026,343.87
Interest Fees								-28,002.42		-65,648.64		-23,233.65		-116,884.70
TOTAL NET INTEREST								2,193,355.55		3,688,948.49		2,187,396.28		9,096,044.19
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION								16,384,479.69		27,099,647.39		17,473,008.06		61,983,479.01



PRINCIPAL - COLLECTIONS

									Group 3		Group 2		Group 1		Total
Scheduled Principal Received									294,617.09		493,293.40		324,347.69		1,112,258.18
Prepayments In Full									13,875,633.42		23,181,026.63		14,712,934.96		51,769,595.01
Curtailments									20,873.63		-263,621.13		20,618.82		-222,128.68
Liquidations									0.00		0.00		228,060.70		228,060.70
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		-350.39		-350.39
Delinquent Principal									-254,896.91		-383,233.56		-289,741.28		-927,871.75
Advanced Principal									254,896.91		383,233.56		289,741.28		927,871.75
TOTAL PRINCIPAL COLLECTED									14,191,124.14		23,410,698.90		15,285,611.78		52,887,434.82


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 36
Morgan Stanley ABS Capital I Inc. 2005-HE1

Mortgage Pass-Through Certificates

2005-HE1

August 25, 2005 Distribution

INTEREST - COLLECTIONS

								Group 3		Group 2		Group 1		Total
Scheduled Interest								2,359,272.20		3,963,352.77		2,346,553.98		8,669,178.95
Liquidation Interest								0.00		0.00		1,328.45		1,328.45
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								-20,699.01		-38,389.54		-47,074.97		-106,163.52
Compensating Interest								20,699.01		38,389.54		47,074.96		106,163.51
Delinquent Interest								-1,977,824.11		-3,049,053.29		-2,018,319.82		-7,045,197.22
Interest Advanced								1,839,909.89		2,840,297.63		1,881,067.32		6,561,274.84
TOTAL INTEREST COLLECTED								2,221,357.97		3,754,597.12		2,210,629.93		8,186,585.02


INTEREST - WITHDRAWALS

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



INTEREST - OTHER ACCOUNTS

								Group 3		Group 2		Group 1		Total
Prepayment Charges														1,026,343.87
TOTAL INTEREST OTHER ACCOUNTS								0.00		0.00		0.00		1,026,343.87



INTEREST - FEES

								Group 3		Group 2		Group 1		Total
Current Servicing Fees								27,111.28		31,420.70		13,786.88		113,657.77
Current Trustee Fees								594.09		632.23		304.55		2,151.29
Current Custodian Fees								297.05		316.12		152.27		1,075.64
TOTAL INTEREST OTHER FEES								28,002.42		65,648.64		23,233.65		116,884.70




Page 7 of 36
Morgan Stanley ABS Capital I Inc. 2005-HE1

Mortgage Pass-Through Certificates

2005-HE1

August 25, 2005 Distribution
Credit Enhancement Report
ACCOUNTS

SPACE INTENTIONALLY LEFT BLANK



INSURANCE

SPACE INTENTIONALLY LEFT BLANK



STRUCTURAL FEATURES

								Group 3		Group 2		Group 1		Total
Overcollateralization Amount														47,119,832.32
Overcollateralization Target Amount														47,119,832.32
Overcollateralization Deficiency Amount														350.39
Overcollateralization Release Amount														0.00




Page 8 of 36
Morgan Stanley ABS Capital I Inc. 2005-HE1

Mortgage Pass-Through Certificates

2005-HE1

August 25, 2005 Distribution
Collateral Report


COLLATERAL



									Group 3		Group 2		Group 1		Total



Loan Count:


Original								2,090		5,208		3,052		10,350
Prior								1,753		4,568		2,626		8,947
Prefunding								0		0		0		0
Scheduled Paid Offs								-0		-0		-0		-0
Full Voluntary Prepayments								-54		-132		-81		-267
Repurchases								-0		-0		-0		-0
Liquidations								-0		-0		-1		-1
Current								1,699		4,436		2,544		8,679
Principal Balance:


Original								488,767,620.24		769,640,075.49		455,039,626.95		1,713,447,322.68
Prior								396,061,226.78		655,033,110.70		383,098,042.48		1,434,192,379.96
Prefunding								0.00		0.00		0.00		0.00
Scheduled Principal								-294,617.09		-493,293.40		-324,347.69		-1,112,258.18
Partial Prepayments								-20,873.63		(263,621.13)		-20,618.82		(222,128.68)
Full Voluntary Prepayments								-13,875,633.42		-23,181,026.63		-14,712,934.96		-51,769,595.01
Repurchases								-0.00		-0.00		-0.00		-0.00
Liquidations								-0.00		-0.00		-228,060.70		-228,060.70
Current								381,870,102.64		631,622,411.80		367,812,080.31		1,381,304,594.75





PREFUNDING

SPACE INTENTIONALLY LEFT BLANK






Page 9 of 36
Morgan Stanley ABS Capital I Inc. 2005-HE1

Mortgage Pass-Through Certificates

2005-HE1

August 25, 2005 Distribution

CHARACTERISTICS

								Group 3		Group 2		Group 1		Total
Weighted Average Coupon Original								7.16693%		7.27649%		7.38652%		7.27446%
Weighted Average Coupon Prior								7.14411%		7.26531%		7.36032%		7.25716%
Weighted Average Coupon Current								7.14820%		7.26074%		7.34832%		7.25306%
Weighted Average Months to Maturity Original								352		351		351		351
Weighted Average Months to Maturity Prior								347		345		345		346
Weighted Average Months to Maturity Current								346		344		344		344
Weighted Avg Remaining Amortization Term Original								352		351		351		351
Weighted Avg Remaining Amortization Term Prior								347		345		345		346
Weighted Avg Remaining Amortization Term Current								346		344		344		344
Weighted Average Seasoning Original								4.64		4.35		5.20		4.66
Weighted Average Seasoning Prior								9.71		9.51		10.20		9.75
Weighted Average Seasoning Current								10.71		10.51		11.20		10.75









Page 10 of 36
Morgan Stanley ABS Capital I Inc. 2005-HE1

Mortgage Pass-Through Certificates

2005-HE1

August 25, 2005 Distribution

ARM CHARACTERISTICS

								Group 3		Group 2		Group 1		Total
Weighted Average Margin Original								5.68566%		6.03942%		5.70199%		5.85375%
Weighted Average Margin Prior								5.67162%		6.03784%		5.69327%		5.84921%
Weighted Average Margin Current								5.67488%		6.04078%		5.68216%		5.84978%
Weighted Average Max Rate Original								13.70298%		13.92959%		13.43665%		13.73937%
Weighted Average Max Rate Prior								13.65928%		13.90894%		13.41165%		13.71190%
Weighted Average Max Rate Current								13.66433%		13.89882%		13.39604%		13.70568%
Weighted Average Min Rate Original								7.12363%		7.24822%		7.42933%		7.26008%
Weighted Average Min Rate Prior								7.09069%		7.23195%		7.40504%		7.23901%
Weighted Average Min Rate Current								7.09282%		7.22564%		7.38960%		7.23253%
Weighted Average Cap Up Original								1.30346%		1.34515%		1.00358%		1.24554%
Weighted Average Cap Up Prior								1.29733%		1.34274%		1.00321%		1.24193%
Weighted Average Cap Up Current								1.29954%		1.34102%		1.00313%		1.24234%
Weighted Average Cap Down Original								1.30346%		1.34515%		1.00358%		1.24554%
Weighted Average Cap Down Prior								1.29733%		1.34274%		1.00321%		1.24193%
Weighted Average Cap Down Current								1.29954%		1.34102%		1.00313%		1.24234%




SERVICING FEES & ADVANCES

									Group 3		Group 2		Group 1		Total




Current Servicing Fees								27,111.28		31,420.70		13,786.88		113,657.77
Delinquent Servicing Fees								137,914.23		208,755.65		137,252.51		483,922.39
TOTAL SERVICING FEES								165,025.51		272,930.47		159,624.19		597,580.17


Compensating Interest								-20,699.01		-38,389.54		-47,074.96		-106,163.51
Delinquent Servicing Fees								-137,914.23		-208,755.65		-137,252.51		-483,922.39
COLLECTED SERVICING FEES								6,412.27		25,785.29		-24,703.28		7,494.28


Aggregate Advances with respect to this Distribution								562,692.93		697,860.66		565,273.42		1,263,134.07





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														3.4600%




Page 11 of 36
Morgan Stanley ABS Capital I Inc. 2005-HE1

Mortgage Pass-Through Certificates

2005-HE1

August 25, 2005 Distribution
Delinquency Report

	TOTAL
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				28,538,687.08		7,674,833.75		1,680,433.86		37,893,954.69
			% Balance				2.07%		0.56%		0.12%		2.74%
			# Loans				178		52		11		241
			% # Loans				2.05%		0.60%		0.13%		2.78%
	FORECLOSURE		Balance		0.00		733,590.10		4,569,381.05		12,564,533.67		17,867,504.82
			% Balance		0.00%		0.05%		0.33%		0.91%		1.29%
			# Loans		0		4		35		91		130
			% # Loans		0.00%		0.05%		0.40%		1.05%		1.50%
	BANKRUPTCY		Balance		4,166,388.50		1,103,996.50		408,078.23		2,083,061.99		7,761,525.22
			% Balance		0.30%		0.08%		0.03%		0.15%		0.56%
			# Loans		29		8		3		15		55
			% # Loans		0.33%		0.09%		0.03%		0.17%		0.63%
	REO		Balance		0.00		0.00		0.00		1,764,050.56		1,764,050.56
			% Balance		0.00%		0.00%		0.00%		0.13%		0.13%
			# Loans		0		0		0		13		13
			% # Loans		0.00%		0.00%		0.00%		0.15%		0.15%
	TOTAL		Balance		4,166,388.50		30,376,273.68		12,652,293.03		18,092,080.08		65,287,035.29
			% Balance		0.30%		2.20%		0.92%		1.31%		4.73%
			# Loans		29		190		90		130		439
			% # Loans		0.33%		2.19%		1.04%		1.50%		5.06%









Page 12 of 36
Morgan Stanley ABS Capital I Inc. 2005-HE1

Mortgage Pass-Through Certificates

2005-HE1

August 25, 2005 Distribution


	GROUP 1
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				6,869,816.73		2,698,504.44		79,567.84		9,647,889.01
			% Balance				1.87%		0.73%		0.02%		2.62%
			# Loans				44		19		1		64
			% # Loans				1.73%		0.75%		0.04%		2.52%
	FORECLOSURE		Balance		0.00		0.00		603,534.99		4,817,825.69		5,421,360.68
			% Balance		0.00%		0.00%		0.16%		1.31%		1.47%
			# Loans		0		0		6		32		38
			% # Loans		0.00%		0.00%		0.24%		1.26%		1.49%
	BANKRUPTCY		Balance		1,205,598.88		99,060.11		341,354.56		528,604.13		2,174,617.68
			% Balance		0.33%		0.03%		0.09%		0.14%		0.59%
			# Loans		8		1		2		4		15
			% # Loans		0.31%		0.04%		0.08%		0.16%		0.59%
	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		1,205,598.88		6,968,876.84		3,643,393.99		5,425,997.66		17,243,867.37
			% Balance		0.33%		1.89%		0.99%		1.48%		4.69%
			# Loans		8		45		27		37		117
			% # Loans		0.31%		1.77%		1.06%		1.45%		4.60%










Page 13 of 36
Morgan Stanley ABS Capital I Inc. 2005-HE1

Mortgage Pass-Through Certificates

2005-HE1

August 25, 2005 Distribution

	GROUP 2
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				11,380,899.28		3,694,274.63		877,607.82		15,952,781.73
			% Balance				1.80%		0.58%		0.14%		2.53%
			# Loans				86		27		6		119
			% # Loans				1.94%		0.61%		0.14%		2.68%
	FORECLOSURE		Balance		0.00		600,740.63		3,140,228.73		4,412,739.60		8,153,708.96
			% Balance		0.00%		0.10%		0.50%		0.70%		1.29%
			# Loans		0		3		24		36		63
			% # Loans		0.00%		0.07%		0.54%		0.81%		1.42%
	BANKRUPTCY		Balance		2,496,163.18		850,401.09		66,723.67		759,266.94		4,172,554.88
			% Balance		0.40%		0.13%		0.01%		0.12%		0.66%
			# Loans		17		5		1		6		29
			% # Loans		0.38%		0.11%		0.02%		0.14%		0.65%
	REO		Balance		0.00		0.00		0.00		1,574,414.69		1,574,414.69
			% Balance		0.00%		0.00%		0.00%		0.25%		0.25%
			# Loans		0		0		0		11		11
			% # Loans		0.00%		0.00%		0.00%		0.25%		0.25%
	TOTAL		Balance		2,496,163.18		12,832,041.00		6,901,227.03		7,624,029.05		29,853,460.26
			% Balance		0.40%		2.03%		1.09%		1.21%		4.73%
			# Loans		17		94		52		59		222
			% # Loans		0.38%		2.12%		1.17%		1.33%		5.00%










Page 14 of 36
Morgan Stanley ABS Capital I Inc. 2005-HE1

Mortgage Pass-Through Certificates

2005-HE1

August 25, 2005 Distribution

	GROUP 3
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				10,287,971.07		1,282,054.68		723,258.20		12,293,283.95
			% Balance				2.69%		0.34%		0.19%		3.22%
			# Loans				48		6		4		58
			% # Loans				2.83%		0.35%		0.24%		3.41%
	FORECLOSURE		Balance		0.00		132,849.47		825,617.33		3,333,968.38		4,292,435.18
			% Balance		0.00%		0.03%		0.22%		0.87%		1.12%
			# Loans		0		1		5		23		29
			% # Loans		0.00%		0.06%		0.29%		1.35%		1.71%
	BANKRUPTCY		Balance		464,626.44		154,535.30		0.00		795,190.92		1,414,352.66
			% Balance		0.12%		0.04%		0.00%		0.21%		0.37%
			# Loans		4		2		0		5		11
			% # Loans		0.24%		0.12%		0.00%		0.29%		0.65%
	REO		Balance		0.00		0.00		0.00		189,635.87		189,635.87
			% Balance		0.00%		0.00%		0.00%		0.05%		0.05%
			# Loans		0		0		0		2		2
			% # Loans		0.00%		0.00%		0.00%		0.12%		0.12%
	TOTAL		Balance		464,626.44		10,575,355.84		2,107,672.01		5,042,053.37		18,189,707.66
			% Balance		0.12%		2.77%		0.55%		1.32%		4.76%
			# Loans		4		51		11		34		100
			% # Loans		0.24%		3.00%		0.65%		2.00%		5.89%









Page 15 of 36
Morgan Stanley ABS Capital I Inc. 2005-HE1

Mortgage Pass-Through Certificates

2005-HE1

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
37851646 2
			152,000.00		150,443.86		01-Nov-2004		6.490%		CO - 80.00%		360		01-Oct-2004

37853286 2			68,000.00		67,553.56		01-Feb-2005		8.750%		MS - 85.00%		360		01-Oct-2004
37855086 2			85,000.00		84,650.73		01-Nov-2004		10.999%		MI - 85.00%		360		01-Oct-2004
38032774 2			218,400.00		216,578.23		01-Dec-2004		7.550%		RI - 80.00%		360		01-Oct-2004
322814302 2			114,300.00		113,769.38		01-Jan-2005		9.950%		GA - 90.00%		360		01-Nov-2004
322816877 2			172,000.00		170,524.21		01-Dec-2004		6.900%		CO - 80.00%		360		01-Nov-2004
322829318 2			137,600.00		136,237.86		01-Jan-2005		6.150%		GA - 80.00%		360		01-Nov-2004
322829490 2			78,400.00		77,933.79		01-Nov-2004		8.750%		MI - 80.00%		360		01-Nov-2004
322831199 2			111,600.00		110,858.48		01-Jan-2005		8.200%		CO - 80.00%		360		01-Nov-2004
322835299 2			126,000.00		125,211.80		01-Dec-2004		8.500%		MI - 90.00%		360		01-Nov-2004
322843079 2			323,000.00		320,652.79		01-Dec-2004		7.750%		GA - 85.00%		360		01-Nov-2004
38032278 3			87,920.00		87,094.76		01-Dec-2004		6.950%		MN - 75.15%		360		01-Oct-2004
322847302 3			103,500.00		102,541.11		01-Nov-2004		6.500%		MI - 76.10%		360		01-Nov-2004


TOTAL			1,777,720.00		1,764,050.56


Page 16 of 36
Morgan Stanley ABS Capital I Inc. 2005-HE1

Mortgage Pass-Through Certificates

2005-HE1

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
13939061 1
			236,000.00		234,660.50		01-Jan-2005		9.900%		MI - 80.00%		360		01-Sep-2004

13960224 1			68,800.00		68,213.79		01-Apr-2005		7.900%		MI - 80.00%		360		01-Sep-2004
13963467 1			172,500.00		171,577.88		01-Jan-2005		9.750%		IL - 75.00%		360		01-Oct-2004
13967245 1			165,750.00		163,965.35		01-Feb-2005		7.990%		CA - 65.00%		360		01-Oct-2004
13978150 1			66,954.00		66,383.44		01-Feb-2005		7.900%		TX - 80.00%		360		01-Sep-2004
13980149 1			192,000.00		190,458.63		01-Jan-2005		8.200%		GA - 80.00%		360		01-Sep-2004
14000590 1			74,750.00		74,228.58		01-Jan-2005		8.450%		FL - 65.00%		360		01-Oct-2004
14009484 1			136,000.00		134,675.16		01-Jan-2005		6.750%		OH - 80.00%		360		01-Oct-2004
14018584 1			91,200.00		90,642.49		01-Apr-2005		9.100%		IL - 80.00%		360		01-Oct-2004
14034573 1			52,500.00		52,244.03		01-Apr-2005		10.190%		IN - 75.00%		360		01-Oct-2004
14053532 1			97,740.00		97,136.37		01-Jan-2005		9.050%		GA - 90.00%		360		01-Oct-2004
14061766 1			221,000.00		219,793.87		01-Jan-2005		9.650%		CT - 65.00%		360		01-Oct-2004
14084404 1			70,000.00		69,558.78		01-Feb-2005		8.950%		MI - 72.92%		360		01-Oct-2004
14097646 1			185,000.00		183,472.54		01-Apr-2005		7.740%		MA - 88.10%		360		01-Oct-2004
14108096 1			351,000.00		347,580.68		01-Mar-2005		6.750%		NY - 90.00%		360		01-Oct-2004
14109607 1			161,150.00		160,113.44		01-Jan-2005		8.850%		NJ - 74.99%		360		01-Oct-2004
14115943 1			113,050.00		112,069.40		01-Feb-2005		7.350%		WI - 85.00%		360		01-Oct-2004
14117824 1			101,610.00		100,947.36		01-Feb-2005		8.390%		IA - 90.00%		360		01-Nov-2004
14118004 1			286,300.00		283,935.22		01-Feb-2005		7.600%		NJ - 69.83%		360		01-Oct-2004
14118079 1			197,400.00		196,117.26		01-Mar-2005		8.800%		NH - 70.00%		360		01-Oct-2004
14120869 1			135,850.00		134,408.32		01-Mar-2005		6.300%		GA - 95.00%		360		01-Oct-2004
14121115 1			174,500.00		173,288.23		01-Jan-2005		8.490%		OH - 89.49%		360		01-Oct-2004
14128540 1			288,900.00		286,165.50		01-Jan-2005		6.900%		MA - 90.00%		360		01-Oct-2004
14134431 1			67,500.00		66,827.31		01-Mar-2005		6.850%		OH - 51.92%		360		01-Oct-2004
14140040 1			150,750.00		149,515.04		01-Feb-2005		7.650%		NC - 90.00%		360		01-Oct-2004
14151146 1			124,200.00		122,987.80		01-Mar-2005		6.740%		OH - 90.00%		360		01-Oct-2004
14152490 1			175,500.00		173,788.52		01-Mar-2005		6.750%		MA - 65.00%		360		01-Oct-2004
14153050 1			96,000.00		95,502.64		01-Jan-2005		9.900%		WI - 80.00%		360		01-Oct-2004
14153324 1			132,000.00		130,843.82		01-Jan-2005		7.300%		MA - 80.00%		360		01-Oct-2004
14155469 1			81,000.00		80,435.05		01-Jan-2005		8.450%		OH - 90.00%		360		01-Oct-2004
14158489 1			176,900.00		175,567.00		01-Feb-2005		8.400%		OH - 68.04%		360		01-Oct-2004
14158893 1			114,750.00		113,956.01		01-Jan-2005		8.490%		MA - 85.00%		360		01-Oct-2004
14160741 1			50,000.00		49,566.23		01-Apr-2005		7.350%		DE - 73.53%		360		01-Oct-2004
14167035 1			160,550.00		159,395.91		01-Apr-2005		8.300%		VT - 95.00%		360		01-Oct-2004
14167324 1			76,500.00		75,986.46		01-Jan-2005		8.640%		MI - 90.00%		360		01-Oct-2004
14179600 1			125,100.00		123,913.68		01-Mar-2005		6.890%		FL - 90.00%		360		01-Oct-2004
14198360 1			140,250.00		139,101.22		01-Jan-2005		8.100%		OR - 75.00%		360		01-Sep-2004
14199004 1			153,000.00		152,337.17		01-Jan-2005		10.750%		MO - 85.00%		360		01-Oct-2004
37851390 2			77,000.00		76,351.51		01-Apr-2005		7.959%		IN - 100.00%		360		01-Sep-2004
37852590 2			142,400.00		141,638.74		01-Apr-2005		9.750%		TX - 80.00%		360		01-Oct-2004
37854222 2			205,400.00		203,635.50		01-Apr-2005		7.750%		NY - 65.00%		360		01-Oct-2004
37855246 2			46,000.00		45,699.47		01-Jan-2005		9.250%		TX - 71.88%		360		01-Sep-2004
37855254 2			225,250.00		224,142.33		01-Feb-2005		10.150%		VA - 85.00%		360		01-Oct-2004
37855902 2			212,500.00		210,962.96		01-Apr-2005		8.500%		MD - 85.00%		360		01-Oct-2004
37856446 2			66,750.00		66,104.22		01-Dec-2004		6.799%		OK - 75.00%		360		01-Oct-2004
37856510 2			89,600.00		88,852.58		01-Apr-2005		7.550%		FL - 80.00%		360		01-Oct-2004
38029222 2			60,300.00		59,963.97		01-Nov-2004		9.550%		SC - 88.68%		360		01-Oct-2004
38030766 2			125,000.00		124,131.80		01-Apr-2005		8.650%		NJ - 74.40%		360		01-Oct-2004
38031174 2			60,000.00		59,662.11		01-Feb-2005		9.500%		NC - 52.17%		360		01-Oct-2004


Page 17 of 36
Morgan Stanley ABS Capital I Inc. 2005-HE1

Mortgage Pass-Through Certificates

2005-HE1

August 25, 2005 Distribution

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
38031422 2
			230,000.00		228,088.55		01-May-2005		7.750%		VA - 73.02%		360		01-Oct-2004

38033310 2			66,320.00		65,761.34		01-Mar-2005		7.500%		OH - 79.90%		360		01-Oct-2004
38033734 2			199,500.00		198,332.47		01-Dec-2004		8.840%		NJ - 70.00%		360		01-Nov-2004
38034639 2			45,000.00		43,664.90		01-Apr-2005		9.200%		NE - 79.65%		180		01-Oct-2004
38035159 2			212,000.00		209,929.47		01-Apr-2005		6.750%		TX - 79.10%		360		01-Oct-2004
38035199 2			125,000.00		124,198.10		01-Apr-2005		8.375%		CA - 65.79%		360		01-Nov-2004
38035767 2			84,500.00		83,127.69		01-Feb-2005		5.800%		MD - 66.54%		360		01-Jun-2004
38037591 2			58,500.00		58,021.49		01-Mar-2005		7.650%		OH - 90.00%		360		01-Oct-2004
38038319 2			168,000.00		166,250.50		01-Mar-2005		6.400%		RI - 70.00%		360		01-Oct-2004
38038887 2			96,800.00		96,015.96		01-Mar-2005		7.700%		MI - 80.00%		360		01-Oct-2004
38039015 2			104,400.00		100,553.41		01-Feb-2005		6.940%		PA - 90.00%		180		01-Oct-2004
38041143 2			87,577.00		86,724.64		01-Feb-2005		6.240%		TX - 79.26%		360		01-Nov-2004
38042872 2			268,000.00		265,647.90		01-May-2005		7.290%		ID - 80.00%		360		01-Oct-2004
38044016 2			238,580.00		236,168.91		01-Apr-2005		6.040%		AZ - 79.93%		360		01-Nov-2004
38044088 2			214,500.00		213,766.86		01-Apr-2005		11.390%		NJ - 65.00%		360		01-Nov-2004
38679760 2			136,800.00		135,319.02		01-Mar-2005		7.499%		IN - 80.00%		360		01-Jul-2004
322812082 2			39,000.00		38,265.18		01-Jan-2005		11.050%		CA - 20.00%		240		01-Oct-2004
322812306 2			126,000.00		125,129.99		01-Apr-2005		8.500%		NY - 84.00%		360		01-Oct-2004
322812330 2			125,399.00		125,398.37		01-Feb-2005		6.750%		TX - 80.00%		360		01-Oct-2004
322814427 2			280,500.00		278,251.32		01-Nov-2004		7.250%		NJ - 85.00%		360		01-Nov-2004
322814641 2			274,000.00		271,928.81		01-Mar-2005		7.550%		NJ - 79.42%		360		01-Nov-2004
322815267 2			156,000.00		154,667.30		01-Mar-2005		7.125%		WA - 80.00%		360		01-Nov-2004
322815580 2			132,000.00		132,000.00		01-Dec-2004		7.750%		OR - 80.00%		360		01-Nov-2004
322816513 2			80,000.00		79,341.60		01-Apr-2005		7.600%		FL - 100.00%		360		01-Nov-2004
322816547 2			142,000.00		141,172.62		01-Mar-2005		8.850%		NY - 100.00%		360		01-Nov-2004
322817347 2			234,000.00		232,580.04		01-Apr-2005		8.650%		AR - 90.00%		360		01-Nov-2004
322818188 2			220,000.00		218,538.33		01-Mar-2005		8.200%		CT - 80.00%		360		01-Nov-2004
322820689 2			204,000.00		202,916.14		01-Apr-2005		9.300%		CA - 80.00%		360		01-Nov-2004
322821265 2			171,000.00		169,732.61		01-Feb-2005		7.650%		AL - 90.00%		360		01-Nov-2004
322821406 2			148,000.00		147,036.15		01-Apr-2005		8.300%		WA - 80.00%		360		01-Nov-2004
322821901 2			54,400.00		54,165.32		01-Apr-2005		10.300%		ND - 85.00%		360		01-Nov-2004
322827239 2			114,660.00		113,886.66		01-Nov-2004		8.125%		ID - 90.00%		360		01-Nov-2004
322827809 2			94,500.00		93,803.05		01-Dec-2004		7.675%		TX - 70.00%		360		01-Nov-2004
322828708 2			88,000.00		87,463.88		01-Apr-2005		8.650%		TX - 80.00%		360		01-Nov-2004
322828898 2			124,100.00		123,251.60		01-Nov-2004		8.550%		OH - 85.00%		360		01-Oct-2004
322829110 2			153,520.00		152,225.47		01-Apr-2005		6.990%		IL - 80.00%		360		01-Nov-2004
322829524 2			193,000.00		191,611.25		01-Feb-2005		7.800%		KY - 88.13%		360		01-Nov-2004
322829672 2			72,900.00		72,450.84		01-Apr-2005		8.575%		IN - 90.00%		360		01-Nov-2004
322833807 2			115,472.00		114,539.83		01-Feb-2005		7.400%		NC - 80.00%		360		01-Nov-2004
322836172 2			80,000.00		79,352.30		01-Apr-2005		7.200%		IL - 80.00%		360		01-Nov-2004
322837592 2			76,800.00		76,105.32		01-Jan-2005		6.625%		TX - 80.00%		360		01-Nov-2004
322838525 2			108,750.00		107,979.03		01-Mar-2005		7.875%		IN - 75.00%		360		01-Nov-2004
322838582 2			84,000.00		83,433.45		01-Mar-2005		8.125%		TX - 80.00%		360		01-Nov-2004
322840968 2			108,000.00		107,004.18		01-May-2005		6.525%		MI - 80.00%		360		01-Nov-2004
322841073 2			88,000.00		87,287.56		01-Apr-2005		7.200%		KY - 63.31%		360		01-Nov-2004
322842907 2			51,000.00		50,674.48		01-Mar-2005		8.400%		NJ - 85.00%		360		01-Nov-2004
322843590 2			50,000.00		49,746.14		01-Mar-2005		9.575%		SC - 45.45%		360		01-Nov-2004
322843632 2			133,000.00		131,902.16		01-Feb-2005		7.100%		MS - 94.73%		360		01-Nov-2004
322844622 2			248,200.00		246,475.20		01-Feb-2005		7.975%		NJ - 82.73%		360		01-Nov-2004
322844929 2			68,000.00		67,475.85		01-Apr-2005		7.950%		IN - 85.00%		360		01-Oct-2004
322848508 2			53,900.00		53,698.27		01-Jan-2005		11.700%		IN - 70.00%		360		01-Nov-2004


Page 18 of 36
Morgan Stanley ABS Capital I Inc. 2005-HE1

Mortgage Pass-Through Certificates

2005-HE1

August 25, 2005 Distribution

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
322849829 2
			80,000.00		79,502.26		01-Apr-2005		7.990%		CA - 17.66%		360		01-Dec-2004

13923156 3			488,000.00		488,000.00		01-Apr-2005		7.100%		CA - 80.00%		360		01-Sep-2004
14039036 3			65,731.00		65,308.15		01-Jan-2005		8.850%		IN - 80.00%		360		01-Oct-2004
14131957 3			61,600.00		61,148.22		01-Jan-2005		8.200%		CO - 80.00%		360		01-Oct-2004
14147169 3			119,700.00		118,784.68		01-Jan-2005		7.990%		CT - 90.00%		360		01-Oct-2004
14157358 3			64,000.00		#######		01-Mar-2005		8.350%		MA - 80.00%		360		01-Oct-2004
14157697 3			131,750.00		130,759.94		01-Mar-2005		8.240%		MA - 85.00%		360		01-Oct-2004
14201594 3			99,000.00		98,316.48		01-Apr-2005		8.500%		TX - 90.00%		360		01-Oct-2004
37852646 3			79,475.00		78,772.04		01-Feb-2005		7.250%		OK - 85.00%		360		01-Oct-2004
37854366 3			83,700.00		83,227.74		01-Feb-2005		9.490%		TN - 90.00%		360		01-Oct-2004
38030782 3			288,800.00		286,660.80		01-Mar-2005		8.150%		MN - 80.00%		360		01-Oct-2004
38036135 3			133,600.00		132,849.47		01-May-2005		9.950%		IA - 80.00%		360		01-Sep-2004
38036183 3			123,200.00		122,462.14		01-Mar-2005		9.200%		GA - 80.00%		360		01-Oct-2004
322813361 3			78,750.00		78,403.11		01-Mar-2005		10.200%		MI - 75.00%		360		01-Nov-2004
322815085 3			69,980.00		69,658.50		01-Apr-2005		10.000%		AZ - 20.00%		360		01-Nov-2004
322818055 3			195,000.00		193,758.65		01-Mar-2005		8.750%		CO - 74.71%		360		01-Nov-2004
322818303 3			65,250.00		64,943.56		01-Apr-2005		10.150%		TX - 75.00%		360		01-Nov-2004
322818972 3			81,800.00		81,456.76		01-Feb-2005		10.900%		CA - 20.00%		360		01-Oct-2004
322819855 3			85,500.00		84,872.43		01-Mar-2005		7.700%		TX - 90.00%		360		01-Nov-2004
322819897 3			193,500.00		191,672.97		01-Mar-2005		6.400%		RI - 90.00%		360		01-Nov-2004
322820432 3			372,000.00		372,000.00		01-Jan-2005		8.000%		CA - 80.00%		360		01-Nov-2004
322828351 3			344,000.00		341,679.84		01-Mar-2005		8.125%		CA - 80.00%		360		01-Nov-2004
322830142 3			66,300.00		65,920.60		01-Nov-2004		8.950%		TX - 85.00%		360		01-Nov-2004
322832767 3			117,960.00		116,938.07		01-Mar-2005		6.850%		CO - 75.00%		360		01-Nov-2004
322834037 3			113,625.00		112,696.12		01-Feb-2005		7.150%		ME - 75.00%		360		01-Nov-2004
322836271 3			70,400.00		70,066.22		01-Feb-2005		9.850%		TX - 80.00%		360		01-Nov-2004
322845652 3			80,000.00		79,494.52		01-Nov-2004		8.450%		KS - 80.00%		360		01-Nov-2004
322850454 3			463,250.00		460,039.34		01-Dec-2004		7.990%		CA - 85.00%		360		01-Nov-2004
322850983 3			105,400.00		104,698.79		01-Apr-2005		7.650%		MI - 85.00%		360		01-Dec-2004
322852104 3			74,800.00		74,317.72		01-Jan-2005		8.350%		SC - 85.00%		360		01-Nov-2004


TOTAL			17,997,803.00		17,867,504.82


Page 19 of 36
Morgan Stanley ABS Capital I Inc. 2005-HE1

Mortgage Pass-Through Certificates

2005-HE1

August 25, 2005 Distribution
Prepayment Report

VOLUNTARY PREPAYMENTS


									Group 3		Group 2		Group 1		Total




Current


Number of Paid in Full Loans								54		132		81		267
Number of Repurchased Loans								0		0		0		0
Total Number of Loans Prepaid in Full								54		132		81		267
Curtailments Amount								20,873.63		-263,621.13		20,618.82		-222,128.68
Paid in Full Balance								13,875,633.42		23,181,026.63		14,712,934.96		51,769,595.01
Repurchased Loans Balance								0.00		0.00		0.00		0.00
Total Prepayment Amount								13,896,507.05		22,917,405.50		14,733,553.78		51,547,466.33

Cumulative


Number of Paid in Full Loans								392		771		507		1,670
Number of Repurchased Loans								2		1		0		3
Total Number of Loans Prepaid in Full								394		772		507		1,673
Paid in Full Balance								103,799,985.83		133,566,863.54		84,335,339.94		321,702,189.31
Repurchased Loans Balance								585,278.82		331,999.96		0.00		917,278.78
Curtailments Amount								226,004.34		-44,594.07		193,028.21		374,438.48
Total Prepayment Amount								104,611,268.99		133,854,269.43		84,528,368.15		322,993,906.57










Page 20 of 36
Morgan Stanley ABS Capital I Inc. 2005-HE1

Mortgage Pass-Through Certificates

2005-HE1

August 25, 2005 Distribution

VOLUNTARY PREPAYMENTS RATES


									Group 3		Group 2		Group 1		Total



SMM								3.51%		3.50%		3.91%		3.61%
3 Months Avg SMM								4.29%		3.58%		4.01%		3.89%
12 Months Avg SMM								3.39%		2.71%		2.91%		2.96%
Avg SMM Since Cut-off								3.39%		2.71%		2.91%		2.96%


CPR								34.88%		34.80%		38.03%		35.70%
3 Months Avg CPR								40.92%		35.47%		38.81%		37.92%
12 Months Avg CPR								33.92%		28.10%		29.87%		30.25%
Avg CPR Since Cut-off								33.92%		28.10%		29.87%		30.25%


PSA								1,627.91%		1,654.71%		1,696.97%		1,659.85%
3 Months Avg PSA Approximation								2,107.57%		1,863.53%		1,901.81%		1,944.03%
12 Months Avg PSA Approximation								2,206.73%		1,881.41%		1,821.46%		1,958.02%
Avg PSA Since Cut-off Approximation								2,206.72%		1,881.41%		1,821.46%		1,958.02%










Page 21 of 36
Morgan Stanley ABS Capital I Inc. 2005-HE1

Mortgage Pass-Through Certificates

2005-HE1

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 22 of 36
Morgan Stanley ABS Capital I Inc. 2005-HE1

Mortgage Pass-Through Certificates

2005-HE1

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

13606744 1			150,475.00		149,675.51			05-Jul-2005		9.300%		CA - 65.00%		Paid Off - 360		01-Oct-2004


13789599 1			52,000.00		50,434.45			14-Jul-2005		10.125%		FL - 20.00%		Paid Off - 180		01-Aug-2004

13791090 1			140,000.00		138,417.31			26-Jul-2005		6.875%		MA - 70.00%		Paid Off - 360		01-Jul-2004

13791207 1			169,000.00		167,364.30			18-Jul-2005		7.250%		NH - 75.11%		Paid Off - 360		01-Aug-2004

13794748 3			325,000.00		321,803.51			19-Jul-2005		6.700%		CA - 65.00%		Paid Off - 360		01-Sep-2004

13795042 1			123,750.00		122,601.08			29-Jul-2005		7.000%		CA - 68.75%		Paid Off - 360		01-Sep-2004

13795125 3			85,000.00		84,424.41			12-Jul-2005		10.100%		CA - 15.89%		Paid Off - 360		01-Sep-2004

13841333 1			204,000.00		202,050.47			20-Jul-2005		6.850%		AZ - 80.00%		Paid Off - 360		01-Sep-2004

13896147 3			57,200.00		55,552.62			19-Jul-2005		9.550%		TN - 80.00%		Paid Off - 180		01-Sep-2004

13910716 1			96,850.00		96,332.29			05-Jul-2005		9.750%		FL - 65.00%		Paid Off - 360		01-Sep-2004

13924360 1			149,600.00		148,502.95			28-Jul-2005		8.200%		MI - 80.00%		Paid Off - 360		01-Sep-2004

13925003 1			200,000.00		198,521.07			08-Jul-2005		8.990%		CA - 51.28%		Paid Off - 360		01-Sep-2004

13930342 1			242,400.00		239,122.81			06-Jul-2005		5.990%		MA - 80.00%		Paid Off - 360		01-Sep-2004

13931985 1			148,750.00		147,603.49			19-Jul-2005		7.950%		VA - 85.00%		Paid Off - 360		01-Sep-2004

13937149 1			79,815.00		79,420.73			12-Jul-2005		10.200%		MI - 85.00%		Paid Off - 360		01-Sep-2004

13952866 1			150,000.00		148,967.01			06-Jul-2005		9.500%		MI - 80.00%		Paid Off - 360		01-Sep-2004

13959432 3			90,000.00		89,577.86			27-Jul-2005		9.900%		MI - 75.00%		Paid Off - 360		01-Oct-2004

13963061 1			112,000.00		111,143.20			11-Jul-2005		8.000%		VA - 55.51%		Paid Off - 360		01-Sep-2004

13966569 3			148,850.00		147,985.43			29-Jul-2005		11.490%		MI - 65.00%		Paid Off - 360		01-Sep-2004

13969886 1			78,000.00		77,014.41			11-Jul-2005		6.200%		VA - 65.00%		Paid Off - 360		01-Sep-2004

13990411 1			240,000.00		238,662.72			07-Jul-2005		9.550%		NY - 51.61%		Paid Off - 360		01-Sep-2004

14000921 1			102,000.00		101,244.53			29-Jul-2005		8.150%		VA - 60.00%		Paid Off - 360		01-Sep-2004

14001044 1			119,993.00		119,103.64			25-Jul-2005		7.650%		MN - 66.70%		Paid Off - 360		01-Oct-2004

14006977 1			60,000.00		59,746.57			06-Jul-2005		10.400%		OH - 80.00%		Paid Off - 360		01-Oct-2004

14009104 1			121,600.00		120,967.14			08-Jul-2005		9.400%		MI - 95.00%		Paid Off - 360		01-Oct-2004

14017115 1			81,000.00		80,402.38			19-Jul-2005		8.500%		MN - 90.00%		Paid Off - 360		01-Sep-2004

14018055 3			172,500.00		171,044.76			13-Jul-2005		7.000%		CA - 62.73%		Paid Off - 360		01-Oct-2004

14018386 1			324,769.50		322,455.85			08-Jul-2005		7.850%		MD - 90.00%		Paid Off - 360		01-Oct-2004

14021000 1			260,000.00		256,958.31			29-Jul-2005		5.250%		CA - 64.36%		Paid Off - 360		01-Oct-2004

14021992 1			252,000.00		250,038.17			25-Jul-2005		7.400%		MA - 80.00%		Paid Off - 360		01-Oct-2004

14022297 1			176,000.00		174,326.10			01-Jul-2005		7.250%		NJ - 73.33%		Paid Off - 360		01-Oct-2004

14022347 1			270,000.00		268,974.89			19-Jul-2005		10.900%		NY - 61.36%		Paid Off - 360		01-Oct-2004

14022438 1			195,000.00		192,718.70			21-Jul-2005		5.250%		NY - 65.00%		Paid Off - 360		01-Oct-2004

14032627 3			140,000.00		138,931.81			26-Jul-2005		7.650%		MA - 62.50%		Paid Off - 360		01-Oct-2004

14032809 1			325,000.00		322,238.40			19-Jul-2005		6.950%		MA - 82.28%		Paid Off - 360		01-Oct-2004

14037907 1			288,000.00		286,339.12			07-Jul-2005		8.900%		CA - 90.00%		Paid Off - 360		01-Oct-2004

14037923 3			408,000.00		404,823.05			13-Jul-2005		7.400%		CA - 85.00%		Paid Off - 360		01-Oct-2004



Page 23 of 36
Morgan Stanley ABS Capital I Inc. 2005-HE1

Mortgage Pass-Through Certificates

2005-HE1

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

14047336 1			263,500.00		261,817.98			12-Jul-2005		8.450%		MI - 85.00%		Paid Off - 360		01-Oct-2004


14054746 1			96,800.00		95,868.50			13-Jul-2005		6.300%		VA - 75.63%		Paid Off - 360		01-Oct-2004

14058374 1			110,400.00		109,636.58			01-Jul-2005		8.000%		FL - 80.00%		Paid Off - 360		01-Oct-2004

14058895 3			160,000.00		158,474.90			08-Jul-2005		6.350%		CA - 80.00%		Paid Off - 360		01-Oct-2004

14068571 1			165,000.00		163,388.49			19-Jul-2005		6.250%		CA - 82.09%		Paid Off - 360		01-Oct-2004

14069942 3			216,000.00		215,939.23			29-Jul-2005		7.650%		VA - 90.00%		Paid Off - 360		01-Sep-2004

14082986 1			228,000.00		225,743.03			26-Jul-2005		6.150%		MA - 80.00%		Paid Off - 360		01-Oct-2004

14087944 1			120,250.00		119,393.34			15-Jul-2005		7.850%		CA - 65.00%		Paid Off - 360		01-Oct-2004

14089247 1			173,000.00		171,452.31			13-Jul-2005		7.190%		NV - 65.28%		Paid Off - 360		01-Oct-2004

14091532 1			328,500.00		326,562.62			29-Jul-2005		8.790%		NJ - 90.00%		Paid Off - 360		01-Oct-2004

14092506 1			173,600.00		172,617.04			25-Jul-2005		8.990%		CT - 80.00%		Paid Off - 360		01-Oct-2004

14094270 1			171,500.00		170,502.84			21-Jul-2005		8.860%		NJ - 73.92%		Paid Off - 360		01-Oct-2004

14097299 1			210,000.00		208,215.59			29-Jul-2005		6.950%		AZ - 87.50%		Paid Off - 360		01-Oct-2004

14105548 1			85,000.00		84,311.94			20-Jul-2005		7.200%		FL - 66.41%		Paid Off - 360		01-Oct-2004

14105779 1			264,000.00		261,690.68			05-Jul-2005		6.900%		MA - 80.00%		Paid Off - 360		01-Oct-2004

14106371 1			138,500.00		137,224.67			27-Jul-2005		6.550%		CA - 74.86%		Paid Off - 360		01-Oct-2004

14108815 1			184,000.00		182,721.73			05-Jul-2005		7.990%		FL - 94.36%		Paid Off - 360		01-Oct-2004

14109631 1			135,920.00		134,720.69			12-Jul-2005		7.050%		WI - 80.00%		Paid Off - 360		01-Oct-2004

14112999 1			175,000.00		172,895.98			20-Jul-2005		5.100%		CA - 48.61%		Paid Off - 360		01-Oct-2004

14113831 1			147,750.00		144,989.03			18-Jul-2005		7.450%		CT - 75.00%		Paid Off - 240		01-Oct-2004

14114144 1			288,000.00		285,923.26			25-Jul-2005		7.800%		NY - 90.00%		Paid Off - 360		01-Oct-2004

14114276 1			150,000.00		148,993.42			14-Jul-2005		8.150%		ME - 58.82%		Paid Off - 360		01-Oct-2004

14116438 3			225,000.00		225,000.00			21-Jul-2005		5.800%		MA - 51.14%		Paid Off - 360		01-Oct-2004

14118095 1			150,500.00		149,682.09			26-Jul-2005		9.190%		FL - 70.00%		Paid Off - 360		01-Oct-2004

14118855 1			320,000.00		316,735.67			07-Jul-2005		5.990%		NY - 88.89%		Paid Off - 360		01-Oct-2004

14118962 1			71,200.00		70,783.46			07-Jul-2005		8.840%		IL - 80.00%		Paid Off - 360		01-Oct-2004

14119168 1			180,000.00		178,974.16			19-Jul-2005		9.450%		IL - 90.00%		Paid Off - 360		01-Oct-2004

14119275 1			252,000.00		250,132.25			20-Jul-2005		7.650%		VA - 90.00%		Paid Off - 360		01-Oct-2004

14119390 1			243,500.00		240,902.17			08-Jul-2005		5.750%		IL - 64.93%		Paid Off - 360		01-Oct-2004

14120042 3			345,000.00		341,648.74			22-Jul-2005		6.250%		NY - 66.35%		Paid Off - 360		01-Oct-2004

14127401 1			221,000.00		218,893.52			07-Jul-2005		6.350%		VA - 65.00%		Paid Off - 360		01-Oct-2004

14129217 1			72,000.00		71,592.36			06-Jul-2005		8.990%		ME - 80.00%		Paid Off - 360		01-Oct-2004

14129233 3			#######		377,798.35			30-Jul-2005		6.800%		CA - 80.00%		Paid Off - 360		01-Oct-2004

14129548 1			136,850.00		135,709.38			20-Jul-2005		7.050%		CT - 85.00%		Paid Off - 360		01-Oct-2004

14130363 1			265,000.00		261,954.28			01-Jul-2005		5.700%		CA - 78.87%		Paid Off - 360		01-Oct-2004

14130421 1			55,250.00		3,889.85			01-Jul-2005		8.500%		ME - 65.00%		Paid Off - 360		01-Oct-2004

14131726 1			90,375.00		89,287.01			18-Jul-2005		5.250%		CA - 75.00%		Paid Off - 360		01-Oct-2004

14133276 1			200,000.00		198,434.24			08-Jul-2005		7.400%		VA - 59.88%		Paid Off - 360		01-Oct-2004



Page 24 of 36
Morgan Stanley ABS Capital I Inc. 2005-HE1

Mortgage Pass-Through Certificates

2005-HE1

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

14133912 1			210,000.00		208,530.48			05-Jul-2005		7.940%		VA - 71.43%		Paid Off - 360		01-Oct-2004


14134258 3			390,000.00		386,021.54			25-Jul-2005		5.990%		NY - 64.46%		Paid Off - 360		01-Oct-2004

14135024 1			100,000.00		99,391.96			20-Jul-2005		8.640%		MI - 80.00%		Paid Off - 360		01-Oct-2004

14135354 1			261,600.00		259,641.92			05-Jul-2005		7.600%		CA - 80.00%		Paid Off - 360		01-Oct-2004

14138085 1			203,000.00		200,793.66			07-Jul-2005		5.650%		RI - 86.38%		Paid Off - 360		01-Oct-2004

14139950 1			228,600.00		226,268.06			19-Jul-2005		5.990%		RI - 90.00%		Paid Off - 360		01-Oct-2004

14140081 1			171,200.00		169,702.54			25-Jul-2005		6.800%		KS - 80.00%		Paid Off - 360		01-Oct-2004

14141642 1			170,250.00		169,096.06			29-Jul-2005		8.100%		CA - 75.00%		Paid Off - 360		01-Oct-2004

14147805 1			320,000.00		317,333.05			12-Jul-2005		7.050%		NY - 62.75%		Paid Off - 360		01-Oct-2004

14148118 1			172,500.00		171,054.82			08-Jul-2005		8.350%		PA - 75.00%		Paid Off - 360		01-Oct-2004

14149058 1			225,000.00		222,895.76			18-Jul-2005		6.450%		NH - 75.00%		Paid Off - 360		01-Oct-2004

14149082 1			424,000.00		420,000.59			29-Jul-2005		7.600%		NY - 80.00%		Paid Off - 360		01-Oct-2004

14152987 1			196,000.00		194,059.76			12-Jul-2005		6.150%		NJ - 70.00%		Paid Off - 360		01-Oct-2004

14157952 1			99,600.00		99,121.29			18-Jul-2005		9.790%		NY - 80.00%		Paid Off - 360		01-Oct-2004

14164099 1			323,000.00		320,620.65			08-Jul-2005		7.950%		CA - 83.46%		Paid Off - 360		01-Oct-2004

14168405 1			177,320.00		176,044.22			01-Jul-2005		7.800%		FL - 80.00%		Paid Off - 360		01-Oct-2004

14175889 1			125,375.00		124,590.75			01-Jul-2005		8.500%		OH - 85.00%		Paid Off - 360		01-Oct-2004

14177760 1			86,400.00		85,903.42			19-Jul-2005		9.200%		MI - 80.00%		Paid Off - 360		01-Oct-2004

14180558 1			289,800.00		287,694.16			07-Jul-2005		7.750%		CA - 70.00%		Paid Off - 360		01-Oct-2004

14187959 3			170,100.00		168,821.96			01-Jul-2005		7.900%		FL - 90.00%		Paid Off - 360		01-Oct-2004

14198139 1			325,500.00		323,204.05			05-Jul-2005		7.900%		MD - 70.00%		Paid Off - 360		01-Oct-2004

14201230 3			100,000.00		96,885.36			26-Jul-2005		7.650%		CA - 57.14%		Paid Off - 180		01-Oct-2004

37851230 2			142,400.00		141,460.20			29-Jul-2005		8.750%		FL - 80.00%		Paid Off - 360		01-Oct-2004

37851462 2			142,500.00		141,385.09			14-Jul-2005		7.375%		CA - 89.91%		Paid Off - 360		01-Oct-2004

37851822 2			153,000.00		151,769.75			15-Jul-2005		7.250%		NV - 90.00%		Paid Off - 360		01-Oct-2004

37852118 2			264,000.00		263,914.99			29-Jul-2005		6.250%		CA - 80.00%		Paid Off - 360		01-Oct-2004

37852158 3			160,000.00		158,676.36			11-Jul-2005		7.750%		NV - 71.75%		Paid Off - 360		01-Oct-2004

37852430 2			197,440.00		195,858.74			20-Jul-2005		7.255%		MD - 80.00%		Paid Off - 360		01-Oct-2004

37852678 2			163,200.00		162,195.33			26-Jul-2005		8.750%		PA - 85.00%		Paid Off - 360		01-Oct-2004

37853238 2			136,000.00		134,853.27			07-Jul-2005		6.990%		WA - 80.00%		Paid Off - 360		01-Oct-2004

37853718 2			138,000.00		136,781.26			13-Jul-2005		6.750%		OR - 80.00%		Paid Off - 360		01-Oct-2004

37854046 3			92,000.00		91,330.56			07-Jul-2005		7.750%		CA - 78.63%		Paid Off - 360		01-Oct-2004

37855718 2			103,759.00		103,004.94			28-Jul-2005		7.750%		VA - 80.00%		Paid Off - 360		01-Oct-2004

37856438 2			292,000.00		292,000.00			11-Jul-2005		7.875%		DE - 80.00%		Paid Off - 360		01-Sep-2004

37856758 2			236,000.00		236,000.00			21-Jul-2005		6.750%		NH - 80.00%		Paid Off - 360		01-Sep-2004

37856870 2			62,000.00		61,433.68			18-Jul-2005		7.499%		IN - 100.00%		Paid Off - 360		01-Oct-2004

37857214 2			289,000.00		288,910.57			05-Jul-2005		6.125%		CA - 85.00%		Paid Off - 360		01-Oct-2004

37905054 2			250,000.00		250,000.00			18-Jul-2005		7.250%		CA - 60.98%		Paid Off - 360		01-Aug-2004



Page 25 of 36
Morgan Stanley ABS Capital I Inc. 2005-HE1

Mortgage Pass-Through Certificates

2005-HE1

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

38028110 2			250,000.00		248,355.56			22-Jul-2005		8.250%		NY - 65.79%		Paid Off - 360		01-Oct-2004


38029110 2			238,500.00		236,663.64			22-Jul-2005		6.900%		CA - 88.01%		Paid Off - 360		01-Nov-2004

38029142 2			68,900.00		68,435.17			08-Jul-2005		8.425%		TN - 66.25%		Paid Off - 360		01-Oct-2004

38029150 2			162,000.00		160,738.80			19-Jul-2005		7.400%		NJ - 90.00%		Paid Off - 360		01-Oct-2004

38029398 2			230,000.00		227,772.09			19-Jul-2005		5.690%		CA - 60.53%		Paid Off - 360		01-Nov-2004

38029406 2			312,000.00		312,000.00			07-Jul-2005		5.990%		CA - 80.00%		Paid Off - 360		01-Nov-2004

38030102 2			72,000.00		71,416.83			26-Jul-2005		7.250%		PA - 80.00%		Paid Off - 360		01-Oct-2004

38030214 2			328,000.00		324,973.48			06-Jul-2005		5.950%		CA - 80.00%		Paid Off - 360		01-Nov-2004

38031190 2			152,000.00		150,322.72			13-Jul-2005		7.490%		FL - 80.00%		Paid Off - 360		01-Oct-2004

38031214 2			127,000.00		126,038.04			27-Jul-2005		7.540%		FL - 74.71%		Paid Off - 360		01-Oct-2004

38031478 2			100,000.00		99,192.03			15-Jul-2005		6.650%		FL - 87.72%		Paid Off - 360		01-Nov-2004

38031950 3			335,000.00		331,844.54			18-Jul-2005		5.840%		CA - 84.81%		Paid Off - 360		01-Nov-2004

38032054 3			345,950.00		343,509.80			13-Jul-2005		7.350%		CA - 83.97%		Paid Off - 360		01-Nov-2004

38032070 2			82,000.00		81,597.19			07-Jul-2005		9.150%		IL - 68.33%		Paid Off - 360		01-Nov-2004

38033086 2			82,000.00		81,329.65			20-Jul-2005		7.150%		MO - 81.19%		Paid Off - 360		01-Oct-2004

38033206 2			160,000.00		158,415.92			01-Jul-2005		6.150%		RI - 57.14%		Paid Off - 360		01-Oct-2004

38033286 2			77,850.00		77,369.11			18-Jul-2005		8.790%		NC - 86.50%		Paid Off - 360		01-Oct-2004

38033414 2			269,000.00		266,379.47			07-Jul-2005		6.750%		CA - 82.77%		Paid Off - 360		01-Sep-2004

38033902 3			111,200.00		110,376.39			22-Jul-2005		7.100%		AZ - 76.69%		Paid Off - 360		01-Nov-2004

38034535 2			135,000.00		133,676.11			20-Jul-2005		6.200%		FL - 75.00%		Paid Off - 360		01-Oct-2004

38034671 2			156,000.00		156,000.00			27-Jul-2005		7.990%		AZ - 80.00%		Paid Off - 360		01-Oct-2004

38035103 2			138,000.00		136,951.71			19-Jul-2005		7.525%		OR - 86.79%		Paid Off - 360		01-Oct-2004

38035191 3			356,000.00		353,258.98			15-Jul-2005		6.900%		PA - 94.93%		Paid Off - 360		01-Nov-2004

38035375 2			73,200.00		72,386.10			08-Jul-2005		5.700%		MI - 78.71%		Paid Off - 360		01-Oct-2004

38035439 2			116,800.00		115,689.36			01-Jul-2005		7.850%		MO - 80.00%		Paid Off - 360		01-Sep-2004

38035735 2			175,000.00		173,173.55			19-Jul-2005		6.900%		MN - 70.00%		Paid Off - 360		01-Nov-2004

38036287 2			151,200.00		150,391.23			14-Jul-2005		8.800%		IL - 88.94%		Paid Off - 360		01-Nov-2004

38037255 2			289,000.00		287,021.38			08-Jul-2005		8.050%		MN - 85.00%		Paid Off - 360		01-Oct-2004

38037527 2			109,650.00		108,634.16			14-Jul-2005		6.500%		OH - 85.00%		Paid Off - 360		01-Oct-2004

38037823 2			207,120.00		205,769.79			08-Jul-2005		7.750%		IL - 76.71%		Paid Off - 360		01-Nov-2004

38038503 2			128,000.00		127,155.59			29-Jul-2005		7.690%		CA - 77.58%		Paid Off - 360		01-Nov-2004

38038583 2			106,250.00		105,563.58			14-Jul-2005		8.340%		VA - 85.00%		Paid Off - 360		01-Oct-2004

38039071 2			280,000.00		277,375.14			19-Jul-2005		6.950%		AZ - 80.00%		Paid Off - 360		01-Sep-2004

38039375 2			136,000.00		135,295.31			22-Jul-2005		8.890%		WI - 85.00%		Paid Off - 360		01-Nov-2004

38039391 2			210,000.00		208,054.55			12-Jul-2005		6.500%		RI - 79.85%		Paid Off - 360		01-Oct-2004

38039583 3			400,000.00		396,351.55			19-Jul-2005		6.120%		CA - 80.00%		Paid Off - 360		01-Nov-2004

38039823 2			200,000.00		198,116.13			01-Jul-2005		5.840%		VA - 63.09%		Paid Off - 360		01-Nov-2004

38040047 2			151,200.00		149,881.26			06-Jul-2005		6.815%		MD - 80.00%		Paid Off - 360		01-Oct-2004



Page 26 of 36
Morgan Stanley ABS Capital I Inc. 2005-HE1

Mortgage Pass-Through Certificates

2005-HE1

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

38040751 2			98,000.00		97,398.03			01-Jul-2005		8.590%		OH - 66.22%		Paid Off - 360		01-Oct-2004


38041271 2			242,500.00		240,539.77			26-Jul-2005		7.250%		FL - 88.18%		Paid Off - 360		01-Oct-2004

38041703 2			76,500.00		76,070.88			15-Jul-2005		8.500%		FL - 75.00%		Paid Off - 360		01-Nov-2004

38041735 2			140,250.00		139,333.93			06-Jul-2005		7.740%		MD - 80.14%		Paid Off - 360		01-Nov-2004

38041743 2			85,500.00		84,760.05			25-Jul-2005		6.290%		MD - 90.00%		Paid Off - 360		01-Nov-2004

38042111 3			348,000.00		345,564.53			18-Jul-2005		7.390%		CA - 80.00%		Paid Off - 360		01-Nov-2004

38042167 2			167,280.00		166,038.62			28-Jul-2005		7.090%		IL - 68.00%		Paid Off - 360		01-Nov-2004

38042391 2			215,200.00		213,247.56			13-Jul-2005		6.040%		MD - 86.77%		Paid Off - 360		01-Nov-2004

38042920 2			51,800.00		51,552.25			28-Jul-2005		9.450%		MI - 70.00%		Paid Off - 360		01-Nov-2004

38044024 2			287,000.00		285,171.36			06-Jul-2005		7.865%		MD - 84.94%		Paid Off - 360		01-Nov-2004

38044056 2			98,000.00		97,494.07			25-Jul-2005		9.440%		ID - 67.59%		Paid Off - 360		01-Oct-2004

321689424 2			102,850.00		101,089.93			20-Jul-2005		5.450%		NV - 85.00%		Paid Off - 360		01-May-2004

322812215 2			152,325.00		151,115.68			22-Jul-2005		7.300%		AZ - 90.00%		Paid Off - 360		01-Oct-2004

322812918 2			315,050.00		311,781.49			09-Aug-2005		5.900%		CA - 74.13%		Paid Off - 360		01-Oct-2004

322813064 3			98,000.00		97,204.67			25-Jul-2005		6.850%		NV - 80.00%		Paid Off - 360		01-Nov-2004

322813148 3			216,000.00		214,360.90			04-Aug-2005		6.975%		CA - 80.00%		Paid Off - 360		01-Nov-2004

322813502 3			395,000.00		393,264.18			19-Jul-2005		9.700%		CA - 100.00%		Paid Off - 360		01-Nov-2004

322813593 2			108,800.00		107,597.59			28-Jul-2005		5.560%		CA - 85.00%		Paid Off - 360		01-Oct-2004

322814815 2			129,000.00		127,811.78			09-Aug-2005		8.250%		MA - 58.11%		Paid Off - 360		01-Nov-2004

322814914 2			190,000.00		190,000.00			02-Aug-2005		6.900%		CA - 64.85%		Paid Off - 360		01-Nov-2004

322815010 2			116,823.00		116,823.00			29-Jul-2005		5.650%		NV - 80.00%		Paid Off - 360		01-Nov-2004

322815531 2			86,400.00		85,605.65			12-Aug-2005		5.990%		NJ - 80.00%		Paid Off - 360		01-Nov-2004

322816067 2			34,480.00		34,107.55			27-Jul-2005		10.990%		AZ - 20.00%		Paid Off - 240		01-Nov-2004

322816364 2			300,000.00		300,000.00			27-Jul-2005		7.500%		CA - 72.29%		Paid Off - 360		01-Oct-2004

322816646 2			197,000.00		195,548.02			10-Aug-2005		7.700%		CA - 72.43%		Paid Off - 360		01-Oct-2004

322817537 2			92,000.00		91,543.31			01-Aug-2005		9.100%		HI - 100.00%		Paid Off - 360		01-Nov-2004

322817677 2			210,000.00		208,474.61			09-Aug-2005		7.200%		CA - 82.35%		Paid Off - 360		01-Nov-2004

322817693 2			276,000.00		273,405.15			27-Jul-2005		5.850%		NV - 80.00%		Paid Off - 360		01-Nov-2004

322818329 3			256,000.00		254,313.44			20-Jul-2005		7.700%		NY - 67.37%		Paid Off - 360		01-Nov-2004

322819269 2			323,000.00		323,000.00			11-Aug-2005		6.125%		CA - 85.00%		Paid Off - 300		01-Nov-2004

322821372 2			127,000.00		125,660.03			29-Jul-2005		5.250%		CA - 43.49%		Paid Off - 360		01-Nov-2004

322821588 3			355,000.00		354,907.08			02-Aug-2005		6.250%		CA - 89.42%		Paid Off - 360		01-Nov-2004

322821729 2			293,400.00		291,180.00			25-Jul-2005		6.990%		NJ - 90.00%		Paid Off - 360		01-Nov-2004

322821745 3			344,755.00		344,630.52			25-Jul-2005		8.500%		OH - 95.00%		Paid Off - 360		01-Oct-2004

322821927 2			365,500.00		363,097.98			08-Aug-2005		7.775%		IL - 85.00%		Paid Off - 360		01-Nov-2004

322822024 3			398,400.00		395,777.04			19-Jul-2005		7.700%		CA - 80.00%		Paid Off - 360		01-Nov-2004

322822412 2			250,000.00		247,525.24			29-Jul-2005		6.150%		CA - 58.14%		Paid Off - 360		01-Oct-2004

322823022 2			127,500.00		125,299.55			27-Jul-2005		7.500%		FL - 85.00%		Paid Off - 360		01-Oct-2004



Page 27 of 36
Morgan Stanley ABS Capital I Inc. 2005-HE1

Mortgage Pass-Through Certificates

2005-HE1

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

322823139 3			350,000.00		346,124.93			05-Aug-2005		5.550%		NJ - 64.81%		Paid Off - 360		01-Oct-2004


322823329 3			396,000.00		396,000.00			25-Jul-2005		7.200%		CA - 90.00%		Paid Off - 360		01-Oct-2004

322823402 2			112,000.00		111,201.77			09-Aug-2005		8.800%		CA - 70.00%		Paid Off - 360		01-Oct-2004

322823493 2			289,000.00		289,000.02			19-Jul-2005		7.650%		CA - 85.00%		Paid Off - 360		01-Sep-2004

322823782 3			262,000.00		260,058.70			02-Aug-2005		7.100%		NY - 74.86%		Paid Off - 360		01-Nov-2004

322823857 3			780,000.00		772,058.03			18-Jul-2005		6.000%		NV - 80.00%		Paid Off - 360		01-Oct-2004

322824152 2			106,450.00		105,599.79			18-Jul-2005		6.750%		CA - 37.88%		Paid Off - 360		01-Nov-2004

322824376 3			350,000.00		350,000.00			27-Jul-2005		7.150%		VA - 78.30%		Paid Off - 360		01-Oct-2004

322824418 2			291,000.00		288,693.61			01-Aug-2005		6.750%		IL - 77.60%		Paid Off - 360		01-Nov-2004

322824624 2			327,250.00		326,701.88			29-Jul-2005		6.625%		CA - 85.00%		Paid Off - 300		01-Nov-2004

322825019 3			123,000.00		120,801.21			29-Jul-2005		7.175%		OH - 82.00%		Paid Off - 360		01-Nov-2004

322825027 3			122,500.00		121,605.81			01-Aug-2005		7.175%		OH - 81.67%		Paid Off - 360		01-Nov-2004

322825118 2			316,000.00		312,878.17			29-Jul-2005		5.750%		CA - 80.00%		Paid Off - 360		01-Nov-2004

322825142 2			295,750.00		295,750.00			01-Aug-2005		6.220%		CA - 65.00%		Paid Off - 360		01-Nov-2004

322825266 3			343,200.00		339,756.41			28-Jul-2005		5.500%		CA - 80.00%		Paid Off - 360		01-Nov-2004

322825381 3			340,000.00		338,069.82			01-Aug-2005		8.500%		CA - 85.00%		Paid Off - 360		01-Nov-2004

322825514 2			249,600.00		249,584.91			27-Jul-2005		7.530%		CA - 80.00%		Paid Off - 360		01-Nov-2004

322826223 3			345,000.00		342,048.03			21-Jul-2005		6.500%		ME - 87.34%		Paid Off - 360		01-Nov-2004

322826306 2			259,250.00		259,247.18			19-Jul-2005		6.800%		CA - 85.00%		Paid Off - 360		01-Nov-2004

322826322 3			370,000.00		366,488.75			27-Jul-2005		5.800%		CA - 61.67%		Paid Off - 360		01-Nov-2004

322826645 2			145,000.00		143,592.91			01-Aug-2005		5.850%		CA - 82.86%		Paid Off - 360		01-Nov-2004

322827437 2			126,000.00		125,334.96			20-Jul-2005		8.800%		DC - 80.25%		Paid Off - 360		01-Nov-2004

322827650 3			595,000.00		589,944.03			05-Aug-2005		6.950%		CA - 84.40%		Paid Off - 360		01-Oct-2004

322827742 2			71,500.00		70,909.87			04-Aug-2005		7.100%		WI - 47.04%		Paid Off - 360		01-Oct-2004

322827924 2			151,944.00		150,780.02			01-Aug-2005		6.938%		WA - 80.00%		Paid Off - 360		01-Nov-2004

322828674 3			91,800.00		91,418.01			01-Aug-2005		9.950%		WA - 85.00%		Paid Off - 360		01-Nov-2004

322829052 2			91,200.00		90,543.95			21-Jul-2005		7.250%		MO - 80.00%		Paid Off - 360		01-Nov-2004

322829227 2			262,162.00		262,162.00			12-Aug-2005		7.300%		VA - 80.00%		Paid Off - 360		01-Nov-2004

322829680 2			207,000.00		207,000.00			21-Jul-2005		6.450%		CA - 76.67%		Paid Off - 360		01-Nov-2004

322833542 3			374,000.00		370,769.61			02-Aug-2005		6.300%		CA - 59.37%		Paid Off - 360		01-Nov-2004

322833781 2			202,125.00		200,842.99			27-Jul-2005		7.900%		CA - 75.00%		Paid Off - 360		01-Nov-2004

322834227 2			85,000.00		84,251.78			09-Aug-2005		6.200%		CA - 77.77%		Paid Off - 360		01-Nov-2004

322834276 2			225,250.00		225,250.00			01-Aug-2005		6.650%		CA - 85.00%		Paid Off - 360		01-Nov-2004

322836669 2			161,100.00		158,957.96			26-Jul-2005		9.350%		ID - 90.00%		Paid Off - 240		01-Nov-2004

322836776 2			198,900.00		197,264.65			28-Jul-2005		6.750%		CA - 85.00%		Paid Off - 360		01-Nov-2004

322837105 2			92,000.00		91,435.00			01-Aug-2005		8.050%		OH - 89.76%		Paid Off - 360		01-Nov-2004

322838681 3			50,000.00		49,600.49			26-Jul-2005		7.650%		OH - 69.44%		Paid Off - 360		01-Nov-2004

322839044 3			180,000.00		178,717.85			19-Jul-2005		7.300%		NY - 50.00%		Paid Off - 360		01-Nov-2004



Page 28 of 36
Morgan Stanley ABS Capital I Inc. 2005-HE1

Mortgage Pass-Through Certificates

2005-HE1

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

322839101 2			93,500.00		92,168.34			10-Aug-2005		8.800%		OH - 85.00%		Paid Off - 240		01-Nov-2004


322839739 2			260,000.00		257,879.10			09-Aug-2005		6.600%		CA - 80.00%		Paid Off - 360		01-Nov-2004

322839812 2			137,920.00		137,920.00			27-Jul-2005		6.450%		AZ - 80.00%		Paid Off - 360		01-Nov-2004

322840521 2			210,000.00		208,448.73			03-Aug-2005		7.150%		CA - 72.41%		Paid Off - 360		01-Nov-2004

322840869 2			173,600.00		172,052.10			28-Jul-2005		6.900%		FL - 80.00%		Paid Off - 360		01-Nov-2004

322840943 2			195,000.00		193,619.24			04-Aug-2005		7.900%		FL - 78.00%		Paid Off - 360		01-Nov-2004

322841511 3			183,000.00		181,324.00			29-Jul-2005		5.990%		CA - 55.79%		Paid Off - 360		01-Nov-2004

322842113 2			340,000.00		336,968.43			20-Jul-2005		6.700%		NY - 85.00%		Paid Off - 360		01-Oct-2004

322842667 2			195,000.00		194,150.10			03-Aug-2005		10.250%		NY - 55.71%		Paid Off - 360		01-Oct-2004

322842832 2			73,150.00		72,678.02			09-Aug-2005		7.850%		IN - 95.00%		Paid Off - 360		01-Nov-2004

322843293 2			195,000.00		193,191.39			01-Aug-2005		6.100%		CA - 65.00%		Paid Off - 360		01-Nov-2004

322843566 2			117,000.00		116,003.65			21-Jul-2005		6.950%		WI - 90.00%		Paid Off - 360		01-Oct-2004

322844168 2			128,250.00		127,271.01			28-Jul-2005		7.500%		MO - 95.00%		Paid Off - 360		01-Oct-2004

322844259 3			138,500.00		137,438.76			21-Jul-2005		6.925%		NJ - 72.51%		Paid Off - 360		01-Nov-2004

322844275 2			301,500.00		299,549.62			11-Aug-2005		8.650%		NV - 90.00%		Paid Off - 360		01-Oct-2004

322845116 2			189,000.00		187,438.62			18-Jul-2005		6.750%		IL - 90.00%		Paid Off - 360		01-Nov-2004

322845330 2			256,410.00		254,653.87			25-Jul-2005		7.500%		IL - 90.00%		Paid Off - 360		01-Nov-2004

322845454 2			80,500.00		79,985.49			26-Jul-2005		7.850%		WI - 70.00%		Paid Off - 360		01-Nov-2004

322845579 2			173,500.00		171,845.28			21-Jul-2005		5.950%		AZ - 82.62%		Paid Off - 360		01-Nov-2004

322845595 2			140,800.00		140,029.95			26-Jul-2005		8.625%		VA - 80.00%		Paid Off - 360		01-Nov-2004

322845728 2			87,875.00		87,220.00			19-Jul-2005		7.200%		FL - 95.00%		Paid Off - 360		01-Nov-2004

322845801 3			98,600.00		97,983.27			29-Jul-2005		8.500%		AZ - 85.00%		Paid Off - 360		01-Oct-2004

322846320 2			29,205.00		28,889.49			29-Jul-2005		10.990%		NV - 20.00%		Paid Off - 240		01-Nov-2004

322846486 2			94,000.00		93,269.18			19-Jul-2005		6.850%		NJ - 30.82%		Paid Off - 360		01-Nov-2004

322846635 2			64,000.00		63,648.18			19-Jul-2005		8.600%		OH - 64.00%		Paid Off - 360		01-Nov-2004

322846759 2			344,000.00		341,299.79			22-Jul-2005		6.800%		NY - 80.00%		Paid Off - 360		01-Nov-2004

322847450 3			312,000.00		310,588.22			22-Jul-2005		9.550%		NJ - 72.14%		Paid Off - 360		01-Nov-2004

322847583 2			316,000.00		313,422.28			18-Jul-2005		6.600%		NY - 92.94%		Paid Off - 360		01-Nov-2004

322847831 2			221,000.00		219,466.45			18-Jul-2005		8.325%		FL - 85.00%		Paid Off - 360		01-Nov-2004

322848326 2			108,000.00		107,309.74			21-Jul-2005		7.850%		NJ - 80.00%		Paid Off - 360		01-Nov-2004

322848615 2			216,000.00		214,025.14			01-Aug-2005		6.250%		CA - 90.00%		Paid Off - 360		01-Nov-2004

322849415 3			132,000.00		131,077.90			19-Jul-2005		7.450%		CA - 80.00%		Paid Off - 360		01-Nov-2004

322849894 2			143,570.00		142,635.04			15-Aug-2005		8.300%		MI - 100.00%		Paid Off - 360		01-Oct-2004

322850348 3			70,110.00		69,634.47			05-Aug-2005		7.550%		MI - 90.00%		Paid Off - 360		01-Nov-2004

322850629 2			233,600.00		233,600.00			10-Aug-2005		7.200%		CA - 80.00%		Paid Off - 360		01-Oct-2004

322851197 2			52,700.00		52,484.55			28-Jul-2005		9.450%		OH - 85.00%		Paid Off - 360		01-Dec-2004

322851593 2			72,250.00		69,793.34			11-Aug-2005		6.600%		FL - 74.48%		Paid Off - 180		01-Dec-2004

322851767 2			445,500.00		442,681.19			15-Jul-2005		7.900%		NJ - 90.00%		Paid Off - 360		01-Nov-2004



Page 29 of 36
Morgan Stanley ABS Capital I Inc. 2005-HE1

Mortgage Pass-Through Certificates

2005-HE1

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

322851841 3			350,000.00		344,021.05			29-Jul-2005		7.400%		MN - 82.35%		Paid Off - 360		01-Nov-2004


322851924 2			75,000.00		74,470.35			01-Aug-2005		7.900%		PA - 60.00%		Paid Off - 360		01-Nov-2004



TOTAL			52,199,777.50		51,769,595.01



Page 30 of 36
Morgan Stanley ABS Capital I Inc. 2005-HE1

Mortgage Pass-Through Certificates

2005-HE1

August 25, 2005 Distribution
Realized Loss Report

COLLATERAL REALIZED LOSSES



									Group 3		Group 2		Group 1		Total


Current




Number of Loans Liquidated								0		0		1		1
Collateral Principal Realized Loss/(Gain) Amount								0.00		0.00		350.39		350.39
Collateral Interest Realized Loss/(Gain) Amount								0.00		0.00		0.00		0.00
Net Liquidation Proceeds								0.00		0.00		227,710.31		227,710.31

Cumulative




Number of Loans Liquidated								0		4		1		5
Collateral Realized Loss/(Gain) Amount								0.00		32,424.53		350.39		32,774.92
Net Liquidation Proceeds								0.00		417,255.48		227,710.31		644,965.79










Page 31 of 36
Morgan Stanley ABS Capital I Inc. 2005-HE1

Mortgage Pass-Through Certificates

2005-HE1

August 25, 2005 Distribution


DEFAULT SPEEDS



									Group 3		Group 2		Group 1		Total



MDR								0.00%		0.00%		0.06%		0.02%
3 Months Avg MDR								0.00%		0.02%		0.02%		0.02%
12 Months Avg MDR								0.00%		0.01%		0.01%		0.01%
Avg MDR Since Cut-off								0.00%		0.01%		0.01%		0.01%


CDR								0.00%		0.00%		0.71%		0.19%
3 Months Avg CDR								0.00%		0.26%		0.24%		0.18%
12 Months Avg CDR								0.00%		0.11%		0.10%		0.08%
Avg CDR Since Cut-off								0.00%		0.11%		0.10%		0.08%


SDA								0.00%		0.00%		3.18%		0.89%
3 Months Avg SDA Approximation								0.00%		1.39%		1.17%		0.94%
12 Months Avg SDA Approximation								0.00%		0.76%		0.62%		0.51%
Avg SDA Since Cut-off Approximation								0.00%		0.76%		0.62%		0.51%


Loss Severity Approximation for Current Period								0.00%		0.00%		0.15%		0.15%
3 Months Avg Loss Severity Approximation								0.00%		2.40%		0.05%		2.45%
12 Months Avg Loss Severity Approximation								0.00%		1.03%		0.02%		1.05%
Avg Loss Severity Approximation Since Cut-off								0.00%		1.03%		0.02%		1.05%












Page 32 of 36
Morgan Stanley ABS Capital I Inc. 2005-HE1

Mortgage Pass-Through Certificates

2005-HE1

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 33 of 36
Morgan Stanley ABS Capital I Inc. 2005-HE1

Mortgage Pass-Through Certificates

2005-HE1

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)

14081376 1
			6.990%		NY - 60.53%		360		228,060.70				88.89		0.00

38038063 2					TN - 80.00%		360				Revision		261.50


TOTAL									228,060.70			350.39		0.00



Page 34 of 36
Morgan Stanley ABS Capital I Inc. 2005-HE1

Mortgage Pass-Through Certificates

2005-HE1

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
						3 months rolling 60+ days includes 60+ bkcs and all flcs								77,346,832.56
						Ending Balance								1,381,304,594.75
						Prior period Senior Enhancement Percentage								21.8035%



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														0.000
Excess Reserve Fund Account Balance														0.00




Page 35 of 36
Morgan Stanley ABS Capital I Inc. 2005-HE1

Mortgage Pass-Through Certificates

2005-HE1

August 25, 2005 Distribution
Other Related Information
ADDITIONAL INFORMATION

								Group 3		Group 2		Group 1		Total
Current Scheduled Payments								2,653,889.29		4,456,646.17		2,670,901.67		9,781,437.14
Current Scheduled Payments 1 Month Prior								2,783,341.70		4,626,906.54		2,804,703.02		10,214,951.26
Current Scheduled Payments 2 Month Prior								2,919,020.56		4,795,379.58		2,907,137.11		10,621,537.25
Current Scheduled Payments 3 Month Prior								3,029,527.91		4,938,129.84		2,991,901.79		10,959,559.55
Current Scheduled Payments 4 Month Prior								3,126,331.24		5,056,642.44		3,074,054.44		11,257,028.13
Current Scheduled Payments 5 Month Prior								3,202,018.37		5,149,477.11		3,131,712.53		11,483,208.01
Current Scheduled Payments 6 Month Prior								3,269,417.03		5,225,615.85		3,174,719.69		11,669,752.57
Current Scheduled Payments 7 Month Prior								0.00		0.00		0.00		0.00
Current Scheduled Payments 8 Month Prior								0.00		0.00		0.00		0.00
Current Scheduled Payments 9 Month Prior								0.00		0.00		0.00		0.00
Current Scheduled Payments 10 Month Prior								0.00		0.00		0.00		0.00
Current Scheduled Payments 11 Month Prior								0.00		0.00		0.00		0.00





Sched. Payments for 60+Day Delinquent Loans								59,129.94		135,067.36		76,160.36		270,357.66
Sched. Pmts - 60+Day Delinquent Loans, 1 Month Prior								50,820.70		102,435.03		66,571.43		219,827.16
Sched. Pmts - 60+Day Delinquent Loans, 2 Month Prior								36,713.03		95,237.56		51,888.50		183,839.09
Sched. Pmts - 60+Day Delinquent Loans, 3 Month Prior								24,322.46		74,474.45		34,987.63		133,784.54
Sched. Pmts - 60+Day Delinquent Loans, 4 Month Prior								31,799.88		45,559.79		13,002.65		90,362.32
Sched. Pmts - 60+Day Delinquent Loans, 5 Month Prior								18,484.15		17,839.00		0.00		36,323.15
Sched. Pmts - 60+Day Delinquent Loans, 6 Month Prior								1,704.65		2,001.75		0.00		3,706.40
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 36 of 36

Morgan Stanley ABS Capital I Inc. Trust 2005-HE1 8-K