
                                    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): October 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
     October 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:  Oct 28, 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
              October 25, 2005.



Morgan Stanley ABS Capital I Inc. 2005-NC2

Mortgage Pass-Through Certificates

2005-NC2

October 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					29
										11. Realized Loss Detail Report					32
				Servicer(s)
										12. Triggers and Adj. Cert. Report					33
				HomeQ Servicing Corp.
										13. Other Related Information					34
				Countrywide Home Loans Srvc LP



				Underwriter(s)
				Morgan Stanley & Co. Inc


										Total Number of Pages					34


				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:			October 25, 2005
										Factor Information:			(800) 735-7777
				Record Date:			September 30, 2005
										Main Phone Number:			(714) 247-6000

							October 24, 2005


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






Page 1 of 34
Morgan Stanley ABS Capital I Inc. 2005-NC2

Mortgage Pass-Through Certificates

2005-NC2

October 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		226,035,245.91		734,708.73		9,379,373.54		10,114,082.27		0.00		0.00		216,655,872.37

A-1mz	SR	$	68,481,000.00		56,509,636.67		185,728.34		2,344,877.63		2,530,605.97		0.00		0.00		54,164,759.04
A-2ss	SR	$	235,870,000.00		194,541,557.47		632,341.12		11,301,400.22		11,933,741.34		0.00		0.00		183,240,157.25
A-2mz	SR	$	58,968,000.00		48,635,801.76		159,849.67		2,825,374.01		2,985,223.68		0.00		0.00		45,810,427.75
A-3a	SR	$	315,000,000.00		218,500,439.02		688,215.69		17,922,070.10		18,610,285.79		0.00		0.00		200,578,368.92
A-3b	SR	$	109,586,000.00		109,586,000.00		353,993.22		0.00		353,993.22		0.00		0.00		109,586,000.00
A-3c	SR	$	92,500,000.00		92,500,000.00		309,232.64		0.00		309,232.64		0.00		0.00		92,500,000.00
A-3mz	SR	$	57,454,000.00		46,731,826.56		153,968.39		1,991,341.12		2,145,309.51		0.00		0.00		44,740,485.44
M-1	MEZ,FLT	$	48,771,000.00		48,771,000.00		165,794.31		0.00		165,794.31		0.00		0.00		48,771,000.00
M-2	MEZ,FLT	$	44,269,000.00		44,269,000.00		151,559.84		0.00		151,559.84		0.00		0.00		44,269,000.00
M-3	MEZ,FLT	$	24,761,000.00		24,761,000.00		85,370.43		0.00		85,370.43		0.00		0.00		24,761,000.00
M-4	MEZ,FLT	$	27,012,000.00		27,012,000.00		96,612.92		0.00		96,612.92		0.00		0.00		27,012,000.00
M-5	MEZ,FLT	$	23,260,000.00		23,260,000.00		83,755.38		0.00		83,755.38		0.00		0.00		23,260,000.00
M-6	MEZ,FLT	$	22,510,000.00		22,510,000.00		81,961.41		0.00		81,961.41		0.00		0.00		22,510,000.00
B-1	SUB, FLT	$	18,758,000.00		18,758,000.00		75,553.06		0.00		75,553.06		0.00		0.00		18,758,000.00
B-2	SUB, FLT	$	17,258,000.00		17,258,000.00		71,318.69		0.00		71,318.69		0.00		0.00		17,258,000.00
B-3	SUB, FLT	$	16,507,000.00		16,507,000.00		74,198.97		0.00		74,198.97		0.00		0.00		16,507,000.00
X	EXE	$	45,770,452.00		45,769,991.29		2,899,119.56		0.00		2,899,119.56		0.00		0.00		45,769,991.29
P	NOF	$	0.00		0.00		887,133.40		0.00		887,133.40		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		1,281,916,498.68		7,890,415.77		45,764,436.62		53,654,852.39		0.00		0.00		1,236,152,062.06






Page 2 of 34
Morgan Stanley ABS Capital I Inc. 2005-NC2

Mortgage Pass-Through Certificates

2005-NC2

October 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	09/26/05		10/24/05		A-Act/360		61744CPR1		273,920,000.00		825.187083		2.682202		34.241288		36.923490	790.945796
A-1mz	09/26/05		10/24/05		A-Act/360		61744CPA8		68,481,000.00		825.187084		2.712115		34.241288		36.953403	790.945796
A-2ss	09/26/05		10/24/05		A-Act/360		61744CPS9		235,870,000.00		824.782963		2.680888		47.913682		50.594570	776.869281
A-2mz	09/26/05		10/24/05		A-Act/360		61744CPB6		58,968,000.00		824.782963		2.710787		47.913682		50.624469	776.869281
A-3a	09/26/05		10/24/05		A-Act/360		61744CPC4		315,000,000.00		693.652187		2.184812		56.895461		59.080272	636.756727
A-3b	09/26/05		10/24/05		A-Act/360		61744CPD2		109,586,000.00		1,000.000000		3.230278		0.000000		3.230278	1,000.000000
A-3c	09/26/05		10/24/05		A-Act/360		61744CPE0		92,500,000.00		1,000.000000		3.343056		0.000000		3.343056	1,000.000000
A-3mz	09/26/05		10/24/05		A-Act/360		61744CPF7		57,454,000.00		813.378121		2.679855		34.659747		37.339602	778.718374
M-1	09/26/05		10/24/05		A-Act/360		61744CPG5		48,771,000.00		1,000.000000		3.399445		0.000000		3.399445	1,000.000000
M-2	09/26/05		10/24/05		A-Act/360		61744CPH3		44,269,000.00		1,000.000000		3.423611		0.000000		3.423611	1,000.000000
M-3	09/26/05		10/24/05		A-Act/360		61744CPJ9		24,761,000.00		1,000.000000		3.447778		0.000000		3.447778	1,000.000000
M-4	09/26/05		10/24/05		A-Act/360		61744CPK6		27,012,000.00		1,000.000000		3.576667		0.000000		3.576667	1,000.000000
M-5	09/26/05		10/24/05		A-Act/360		61744CPL4		23,260,000.00		1,000.000000		3.600833		0.000000		3.600833	1,000.000000
M-6	09/26/05		10/24/05		A-Act/360		61744CPM2		22,510,000.00		1,000.000000		3.641111		0.000000		3.641111	1,000.000000
B-1	09/26/05		10/24/05		A-Act/360		61744CPN0		18,758,000.00		1,000.000000		4.027778		0.000000		4.027778	1,000.000000
B-2	09/26/05		10/24/05		A-Act/360		61744CPP5		17,258,000.00		1,000.000000		4.132500		0.000000		4.132500	1,000.000000
B-3	09/26/05		10/24/05		A-Act/360		61744CPQ3		16,507,000.00		1,000.000000		4.495000		0.000000		4.495000	1,000.000000
X	09/26/05		10/24/05				45,770,452.00		999.989934		63.340418		0.000000		63.340418		999.989934
P	09/25/05		10/24/05				0.00		0.000000		0.000000		0.000000		0.000000		0.000000
R	09/25/05		10/24/05				0.00		0.000000		0.000000		0.000000		0.000000		0.000000




Page 3 of 34
Morgan Stanley ABS Capital I Inc. 2005-NC2

Mortgage Pass-Through Certificates

2005-NC2

October 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		4,514,199.40		55,984,375.07		1,279,752.56		57,264,127.63		61,778,327.03		0.00		0.00		216,655,872.37
A-1mz	68,481,000.00		1,142,712.32		13,996,298.15		319,942.81		14,316,240.96		15,458,953.28		0.00		0.00		54,164,759.04
A-2ss	235,870,000.00		3,911,031.95		51,499,316.55		1,130,526.21		52,629,842.75		56,540,874.70		0.00		0.00		183,240,157.25
A-2mz	58,968,000.00		990,018.95		12,874,938.31		282,633.95		13,157,572.25		14,147,591.20		0.00		0.00		45,810,427.75
A-3a	315,000,000.00		4,611,219.55		111,726,046.60		2,695,584.48		114,421,631.08		119,032,850.63		0.00		0.00		200,578,368.92
A-3b	109,586,000.00		1,952,811.93		0.00		0.00		0.00		1,952,811.93		0.00		0.00		109,586,000.00
A-3c	92,500,000.00		1,712,731.34		0.00		299,509.39		0.00		1,712,731.34		0.00		0.00		92,500,000.00
A-3mz	57,454,000.00		948,135.49		12,414,005.18		0.00		12,713,514.56		13,661,650.05		0.00		0.00		44,740,485.44
M-1	48,771,000.00		920,019.56		0.00		0.00		0.00		920,019.56		0.00		0.00		48,771,000.00
M-2	44,269,000.00		841,696.98		0.00		0.00		0.00		841,696.98		0.00		0.00		44,269,000.00
M-3	24,761,000.00		474,480.27		0.00		0.00		0.00		474,480.27		0.00		0.00		24,761,000.00
M-4	27,012,000.00		539,104.39		0.00		0.00		0.00		539,104.39		0.00		0.00		27,012,000.00
M-5	23,260,000.00		467,691.74		0.00		0.00		0.00		467,691.74		0.00		0.00		23,260,000.00
M-6	22,510,000.00		458,207.64		0.00		0.00		0.00		458,207.64		0.00		0.00		22,510,000.00
B-1	18,758,000.00		426,602.00		0.00		0.00		0.00		426,602.00		0.00		0.00		18,758,000.00
B-2	17,258,000.00		403,643.78		0.00		0.00		0.00		403,643.78		0.00		0.00		17,258,000.00
B-3	16,507,000.00		423,013.21		0.00		0.00		0.00		423,013.21		0.00		0.00		16,507,000.00
X	45,770,452.00		21,576,827.87		444.60		16.14		460.71		21,577,288.58		0.00		0.00		45,769,991.29
P	0.00		4,488,709.79		0.00		0.00		0.00		4,488,709.79		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		50,802,858.16		258,495,424.46		6,007,965.54		264,503,389.94		315,306,248.10		0.00		0.00		1,236,152,062.06



Page 4 of 34
Morgan Stanley ABS Capital I Inc. 2005-NC2

Mortgage Pass-Through Certificates

2005-NC2

October 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	4.03500%		226,035,245.91		734,708.73		0.00		0.00		0.00		734,708.73		734,708.73		0.00
A-1mz	4.08000%		56,509,636.67		185,728.34		0.00		0.00		0.00		185,728.34		185,728.34		0.00
A-2ss	4.03500%		194,541,557.47		632,341.12		0.00		0.00		0.00		632,341.12		632,341.12		0.00
A-2mz	4.08000%		48,635,801.76		159,849.67		0.00		0.00		0.00		159,849.67		159,849.67		0.00
A-3a	3.91000%		218,500,439.02		688,215.69		0.00		0.00		0.00		688,215.69		688,215.69		0.00
A-3b	4.01000%		109,586,000.00		353,993.22		0.00		0.00		0.00		353,993.22		353,993.22		0.00
A-3c	4.15000%		92,500,000.00		309,232.64		0.00		0.00		0.00		309,232.64		309,232.64		0.00
A-3mz	4.09000%		46,731,826.56		153,968.39		0.00		0.00		0.00		153,968.39		153,968.39		0.00
M-1	4.22000%		48,771,000.00		165,794.31		0.00		0.00		0.00		165,794.31		165,794.31		0.00
M-2	4.25000%		44,269,000.00		151,559.84		0.00		0.00		0.00		151,559.84		151,559.84		0.00
M-3	4.28000%		24,761,000.00		85,370.43		0.00		0.00		0.00		85,370.43		85,370.43		0.00
M-4	4.44000%		27,012,000.00		96,612.92		0.00		0.00		0.00		96,612.92		96,612.92		0.00
M-5	4.47000%		23,260,000.00		83,755.38		0.00		0.00		0.00		83,755.38		83,755.38		0.00
M-6	4.52000%		22,510,000.00		81,961.41		0.00		0.00		0.00		81,961.41		81,961.41		0.00
B-1	5.00000%		18,758,000.00		75,553.06		0.00		0.00		0.00		75,553.06		75,553.06		0.00
B-2	5.13000%		17,258,000.00		71,318.69		0.00		0.00		0.00		71,318.69		71,318.69		0.00
B-3	5.58000%		16,507,000.00		74,198.97		0.00		0.00		0.00		74,198.97		74,198.97		0.00
X	78.63028%		45,769,991.29		0.00		0.00		0.00		0.00		0.00		2,899,119.56		0.00
P	0.00000%		0.00		0.00		0.00		0.00		0.00		0.00		887,133.40		0.00
R	0.00000%		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00


Total			1,281,916,498.68		4,104,162.81		0.00		0.00		0.00		4,104,162.81		7,890,415.77		0.00



Page 5 of 34
Morgan Stanley ABS Capital I Inc. 2005-NC2

Mortgage Pass-Through Certificates

2005-NC2

October 25, 2005 Distribution
Collection Account Report
SUMMARY

								Group 3		Group 2		Group 1		Total
Principal Collections								19,892,154.70		14,111,694.64		11,711,736.14		45,715,585.48
Principal Withrawals								0.00		0.00		0.00		0.00
Principal Other Accounts								0.00		0.00		0.00		0.00
TOTAL NET PRINCIPAL								19,892,154.70		14,111,694.64		11,711,736.14		45,715,585.48
Interest Collections								#######		1,767,511.89		2,028,725.86		7,139,289.76
Interest Withdrawals								-368.42		-0.00		-0.00		-368.42
Interest Other Accounts								337,082.94		313,424.98		236,625.48		887,133.40
Interest Fees								-39,035.27		-22,708.24		-25,044.33		-86,787.84
TOTAL NET INTEREST								3,640,731.27		2,058,228.62		2,240,307.01		7,939,266.90
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION								23,532,885.97		16,169,923.26		13,952,043.15		53,654,852.38



PRINCIPAL - COLLECTIONS

									Group 3		Group 2		Group 1		Total
Scheduled Principal Received									433,812.15		246,663.99		252,916.80		933,392.94
Prepayments In Full									19,429,993.57		13,851,564.85		11,442,231.25		44,723,789.67
Curtailments									28,348.98		13,465.80		16,588.09		58,402.87
Liquidations									48,851.14		0.00		0.00		48,851.14
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									-48,851.14		-0.00		-0.00		-48,851.14
Delinquent Principal									-381,346.89		-216,076.01		-216,292.40		-813,715.30
Advanced Principal									381,346.89		216,076.01		216,292.40		813,715.30
TOTAL PRINCIPAL COLLECTED									19,892,154.70		14,111,694.64		11,711,736.14		45,715,585.48


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 34
Morgan Stanley ABS Capital I Inc. 2005-NC2

Mortgage Pass-Through Certificates

2005-NC2

October 25, 2005 Distribution

INTEREST - COLLECTIONS

								Group 3		Group 2		Group 1		Total
Scheduled Interest								3,556,923.26		1,876,197.13		2,156,329.42		7,589,449.81
Liquidation Interest								388.77		0.00		0.00		388.77
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								-53,429.82		-34,018.92		-27,186.76		-114,635.50
Compensating Interest								53,429.83		34,018.93		27,186.76		114,635.51
Delinquent Interest								-3,029,784.97		-1,562,170.90		-1,817,119.91		-6,409,075.78
Interest Advanced								2,815,524.95		1,453,485.66		1,689,516.35		5,958,526.96
TOTAL INTEREST COLLECTED								3,343,052.02		1,767,511.89		2,028,725.86		7,139,289.76


INTEREST - WITHDRAWALS

								Group 3		Group 2		Group 1		Total
Nonrecoverable Advances
Interest Realized Loss								368.42		0.00		0.00		368.42



INTEREST - OTHER ACCOUNTS

								Group 3		Group 2		Group 1		Total
Prepayment Charges								337,082.94		313,424.98		236,625.48		887,133.40
TOTAL INTEREST OTHER ACCOUNTS								337,082.94		313,424.98		236,625.48		887,133.40



INTEREST - FEES

								Group 3		Group 2		Group 1		Total
Current Servicing Fees								37,524.56		21,924.58		24,133.91		83,583.05
Current Trustee Fees								1,510.71		783.66		910.42		3,204.79
TOTAL INTEREST OTHER FEES								39,035.27		22,708.24		25,044.33		86,787.84




Page 7 of 34
Morgan Stanley ABS Capital I Inc. 2005-NC2

Mortgage Pass-Through Certificates

2005-NC2

October 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														48,851.15
Subordinated Release Amount														0.00




Page 8 of 34
Morgan Stanley ABS Capital I Inc. 2005-NC2

Mortgage Pass-Through Certificates

2005-NC2

October 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								2,911		1,822		2,253		6,986
Prefunding								0		0		0		0
Scheduled Paid Offs								-0		-0		-0		-0
Full Voluntary Prepayments								-78		-73		-65		-216
Repurchases								-0		-0		-0		-0
Liquidations								-1		-0		-0		-1
Current								2,832		1,749		2,188		6,769
Principal Balance:


Original								699,214,488.70		365,124,050.84		424,025,894.50		1,488,364,434.04
Prior								604,282,994.17		313,463,586.25		364,169,918.25		1,281,916,498.67
Prefunding								0.00		0.00		0.00		1,500,655,452.00
Scheduled Principal								-433,812.15		-246,663.99		-252,916.80		-933,392.94
Partial Prepayments								-28,348.98		-13,465.80		-16,588.09		-58,402.87
Full Voluntary Prepayments								-19,429,993.57		-13,851,564.85		-11,442,231.25		-44,723,789.67
Repurchases								-0.00		-0.00		-0.00		-0.00
Liquidations								-48,851.14		-0.00		-0.00		-48,851.14
Current								584,341,988.33		299,351,891.61		352,458,182.11		1,236,152,062.05





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 34
Morgan Stanley ABS Capital I Inc. 2005-NC2

Mortgage Pass-Through Certificates

2005-NC2

October 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								7.07661%		7.18449%		7.10160%		7.11015%
Weighted Average Coupon Current								7.06420%		7.18245%		7.10546%		7.10484%
Weighted Average Months to Maturity Original								352		352		350		351
Weighted Average Months to Maturity Prior								348		347		346		347
Weighted Average Months to Maturity Current								347		346		345		346
Weighted Avg Remaining Amortization Term Original								352		352		350		351
Weighted Avg Remaining Amortization Term Prior								348		347		346		347
Weighted Avg Remaining Amortization Term Current								347		346		345		346
Weighted Average Seasoning Original								4.14		4.04		4.31		4.16
Weighted Average Seasoning Prior								8.13		8.05		8.31		8.16
Weighted Average Seasoning Current								9.12		9.05		9.31		9.16









Page 10 of 34
Morgan Stanley ABS Capital I Inc. 2005-NC2

Mortgage Pass-Through Certificates

2005-NC2

October 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								5.65085%		5.64789%		5.62522%		5.64300%
Weighted Average Margin Current								5.64853%		5.64737%		5.62524%		5.64171%
Weighted Average Max Rate Original								14.11075%		14.20442%		14.04261%		14.11394%
Weighted Average Max Rate Prior								14.09366%		14.16716%		14.01660%		14.08958%
Weighted Average Max Rate Current								14.08279%		14.16184%		14.01742%		14.08314%
Weighted Average Min Rate Original								7.11363%		7.20898%		7.04606%		7.11737%
Weighted Average Min Rate Prior								7.09668%		7.16998%		7.01888%		7.09235%
Weighted Average Min Rate Current								7.08509%		7.16480%		7.01980%		7.08562%
Weighted Average Cap Up Original								1.50000%		1.49772%		1.50163%		1.49992%
Weighted Average Cap Up Prior								1.50010%		1.49859%		1.50197%		1.50026%
Weighted Average Cap Up Current								1.49888%		1.49852%		1.50205%		1.49968%
Weighted Average Cap Down Original								1.50000%		1.49772%		1.50163%		1.49992%
Weighted Average Cap Down Prior								1.50010%		1.49859%		1.50197%		1.50026%
Weighted Average Cap Down Current								1.49888%		1.49852%		1.50205%		1.49968%




SERVICING FEES & ADVANCES

									Group 3		Group 2		Group 1		Total




Current Servicing Fees								37,524.56		21,924.58		24,133.91		83,583.05
Delinquent Servicing Fees								214,260.02		108,685.25		127,603.56		450,548.83
TOTAL SERVICING FEES								251,784.58		130,609.83		151,737.47		534,131.88


Compensating Interest								-53,429.83		-34,018.93		-27,186.76		-114,635.51
Delinquent Servicing Fees								-214,260.02		-108,685.25		-127,603.56		-450,548.83
COLLECTED SERVICING FEES								(15,905.26)		(12,094.34)		(3,052.85)		(31,052.45)


Aggregate Advances with respect to this Distribution								3,196,871.84		1,669,561.67		1,905,808.75		6,772,242.26





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														3.830000%
Libor For Next Period														0.000000%




Page 11 of 34
Morgan Stanley ABS Capital I Inc. 2005-NC2

Mortgage Pass-Through Certificates

2005-NC2

October 25, 2005 Distribution
Delinquency Report

	TOTAL
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				26,150,791.21		7,498,191.76		3,091,892.33		36,740,875.30
			% Balance				2.12%		0.61%		0.25%		2.97%
			# Loans				161		48		18		227
			% # Loans				2.38%		0.71%		0.27%		3.35%
	FORECLOSURE		Balance		0.00		0.00		5,068,863.57		11,850,718.30		16,919,581.87
			% Balance		0.00%		0.00%		0.41%		0.96%		1.37%
			# Loans		0		0		31		70		101
			% # Loans		0.00%		0.00%		0.46%		1.03%		1.49%
	BANKRUPTCY		Balance		1,846,763.79		72,500.01		201,653.28		884,625.20		3,005,542.28
			% Balance		0.15%		0.01%		0.02%		0.07%		0.24%
			# Loans		11		1		2		8		22
			% # Loans		0.16%		0.01%		0.03%		0.12%		0.33%
	REO		Balance		0.00		0.00		0.00		1,029,215.90		1,029,215.90
			% Balance		0.00%		0.00%		0.00%		0.08%		0.08%
			# Loans		0		0		0		7		7
			% # Loans		0.00%		0.00%		0.00%		0.10%		0.10%
	TOTAL		Balance		1,846,763.79		26,223,291.22		12,768,708.61		16,856,451.73		57,695,215.35
			% Balance		0.15%		2.12%		1.03%		1.36%		4.67%
			# Loans		11		162		81		103		357
			% # Loans		0.16%		2.39%		1.20%		1.52%		5.27%









Page 12 of 34
Morgan Stanley ABS Capital I Inc. 2005-NC2

Mortgage Pass-Through Certificates

2005-NC2

October 25, 2005 Distribution


	GROUP 1
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				7,477,278.07		1,277,098.72		1,138,871.52		9,893,248.31
			% Balance				2.12%		0.36%		0.32%		2.81%
			# Loans				56		11		7		74
			% # Loans				2.56%		0.50%		0.32%		3.38%
	FORECLOSURE		Balance		0.00		0.00		1,162,857.92		3,227,210.59		4,390,068.51
			% Balance		0.00%		0.00%		0.33%		0.92%		1.25%
			# Loans		0		0		7		19		26
			% # Loans		0.00%		0.00%		0.32%		0.87%		1.19%
	BANKRUPTCY		Balance		820,046.63		0.00		49,469.09		364,994.67		1,234,510.39
			% Balance		0.23%		0.00%		0.01%		0.10%		0.35%
			# Loans		5		0		1		2		8
			% # Loans		0.23%		0.00%		0.05%		0.09%		0.37%
	REO		Balance		0.00		0.00		0.00		386,076.35		386,076.35
			% Balance		0.00%		0.00%		0.00%		0.11%		0.11%
			# Loans		0		0		0		4		4
			% # Loans		0.00%		0.00%		0.00%		0.18%		0.18%
	TOTAL		Balance		820,046.63		7,477,278.07		2,489,425.73		5,117,153.13		15,903,903.56
			% Balance		0.23%		2.12%		0.71%		1.45%		4.51%
			# Loans		5		56		19		32		112
			% # Loans		0.23%		2.56%		0.87%		1.46%		5.12%










Page 13 of 34
Morgan Stanley ABS Capital I Inc. 2005-NC2

Mortgage Pass-Through Certificates

2005-NC2

October 25, 2005 Distribution

	GROUP 2
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				6,915,493.40		1,935,728.57		100,896.02		8,952,117.99
			% Balance				2.31%		0.65%		0.03%		2.99%
			# Loans				41		13		1		55
			% # Loans				2.34%		0.74%		0.06%		3.14%
	FORECLOSURE		Balance		0.00		0.00		697,702.87		3,315,788.71		4,013,491.58
			% Balance		0.00%		0.00%		0.23%		1.11%		1.34%
			# Loans		0		0		5		20		25
			% # Loans		0.00%		0.00%		0.29%		1.14%		1.43%
	BANKRUPTCY		Balance		238,213.97		0.00		152,184.19		76,531.16		466,929.32
			% Balance		0.08%		0.00%		0.05%		0.03%		0.16%
			# Loans		3		0		1		1		5
			% # Loans		0.17%		0.00%		0.06%		0.06%		0.29%
	REO		Balance		0.00		0.00		0.00		545,985.71		545,985.71
			% Balance		0.00%		0.00%		0.00%		0.18%		0.18%
			# Loans		0		0		0		2		2
			% # Loans		0.00%		0.00%		0.00%		0.11%		0.11%
	TOTAL		Balance		238,213.97		6,915,493.40		2,785,615.63		4,039,201.60		13,978,524.60
			% Balance		0.08%		2.31%		0.93%		1.35%		4.67%
			# Loans		3		41		19		24		87
			% # Loans		0.17%		2.34%		1.09%		1.37%		4.97%










Page 14 of 34
Morgan Stanley ABS Capital I Inc. 2005-NC2

Mortgage Pass-Through Certificates

2005-NC2

October 25, 2005 Distribution

	GROUP 3
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				11,758,019.74		4,285,364.47		1,852,124.79		17,895,509.00
			% Balance				2.01%		0.73%		0.32%		3.06%
			# Loans				64		24		10		98
			% # Loans				2.26%		0.85%		0.35%		3.46%
	FORECLOSURE		Balance		0.00		0.00		3,208,302.78		5,307,719.00		8,516,021.78
			% Balance		0.00%		0.00%		0.55%		0.91%		1.46%
			# Loans		0		0		19		31		50
			% # Loans		0.00%		0.00%		0.67%		1.09%		1.77%
	BANKRUPTCY		Balance		788,503.19		72,500.01		0.00		443,099.37		1,304,102.57
			% Balance		0.13%		0.01%		0.00%		0.08%		0.22%
			# Loans		3		1		0		5		9
			% # Loans		0.11%		0.04%		0.00%		0.18%		0.32%
	REO		Balance		0.00		0.00		0.00		97,153.84		97,153.84
			% Balance		0.00%		0.00%		0.00%		0.02%		0.02%
			# Loans		0		0		0		1		1
			% # Loans		0.00%		0.00%		0.00%		0.04%		0.04%
	TOTAL		Balance		788,503.19		11,830,519.75		7,493,667.25		7,700,097.00		27,812,787.19
			% Balance		0.13%		2.02%		1.28%		1.32%		4.76%
			# Loans		3		65		43		47		158
			% # Loans		0.11%		2.30%		1.52%		1.66%		5.58%









Page 15 of 34
Morgan Stanley ABS Capital I Inc. 2005-NC2

Mortgage Pass-Through Certificates

2005-NC2

October 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
1936231 1
			122,000.00		121,610.92		01-Mar-2005		11.200%		MO - 76.25%		360		01-Feb-2005

1000306831 1			90,400.00		89,676.51		01-Mar-2005		6.700%		MI - 80.00%		360		01-Feb-2005
1000328390 1			97,750.00		97,093.57		01-Mar-2005		7.600%		TN - 85.00%		360		01-Feb-2005
1000360317 1			78,000.00		77,695.35		01-Mar-2005		10.250%		MI - 100.00%		360		01-Feb-2005
1000449811 2			310,500.00		308,039.12		01-May-2005		6.750%		MI - 90.00%		360		01-Feb-2005
1000511155 2			240,000.00		237,946.59		01-Apr-2005		6.350%		TX - 80.00%		360		01-Feb-2005
1936770 3			97,750.00		97,153.84		01-Mar-2005		8.625%		GA - 78.83%		360		01-Jan-2005


TOTAL			1,036,400.00		1,029,215.90


Page 16 of 34
Morgan Stanley ABS Capital I Inc. 2005-NC2

Mortgage Pass-Through Certificates

2005-NC2

October 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
1908403 1
			50,400.00		50,139.38		01-Jun-2005		8.900%		NJ - 90.00%		360		01-Feb-2005

1949742 1			185,000.00		183,236.59		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
1971758 1			175,000.00		173,936.04		01-Jun-2005		8.100%		CA - 50.00%		360		01-Feb-2005
1972110 1			211,400.00		210,049.03		01-Jun-2005		7.850%		GA - 70.00%		360		01-Feb-2005
1986970 1			207,500.00		206,105.64		01-Jun-2005		7.600%		NY - 64.84%		360		01-Feb-2005
1000112853 1			400,000.00		397,392.51		01-May-2005		7.750%		NY - 51.95%		360		01-Feb-2005
1000126704 1			87,500.00		87,165.32		01-May-2005		10.350%		OH - 70.00%		360		01-Feb-2005
1000142679 1			84,000.00		83,477.61		01-May-2005		8.000%		FL - 75.00%		360		01-Feb-2005
1000160827 1			92,000.00		91,306.91		01-May-2005		8.175%		NC - 80.00%		360		01-Jan-2005
1000166322 1			185,000.00		183,476.38		01-May-2005		6.550%		OH - 84.09%		360		01-Feb-2005
1000290660 1			180,000.00		177,988.56		01-Apr-2005		5.500%		DE - 80.00%		360		01-Jan-2005
1000324786 1			58,500.00		58,154.80		01-Apr-2005		8.250%		IN - 90.00%		360		01-Feb-2005
1000325302 1			322,200.00		319,495.34		01-Apr-2005		6.450%		NV - 65.76%		360		01-Feb-2005
1000342560 1			281,250.00		278,726.99		01-May-2005		6.100%		CA - 74.01%		360		01-Feb-2005
1000351595 1			219,300.00		218,032.05		01-Jun-2005		8.350%		CA - 85.00%		360		01-Feb-2005
1000361566 1			111,920.00		110,976.02		01-Apr-2005		6.425%		WA - 80.00%		360		01-Feb-2005
1000372402 1			80,000.00		79,618.87		01-May-2005		9.300%		OH - 80.00%		360		01-Feb-2005
1000385611 1			285,000.00		283,711.09		01-Mar-2005		9.550%		NC - 75.00%		360		01-Feb-2005
1000430732 1			128,000.00		127,267.30		01-Apr-2005		8.400%		FL - 80.00%		360		01-Feb-2005
1000430750 1			198,000.00		198,000.00		01-Apr-2005		7.450%		CA - 90.00%		360		01-Feb-2005
1000432892 1			201,600.00		200,285.82		01-Jun-2005		7.750%		CA - 80.64%		360		01-Feb-2005
1000443041 1			52,000.00		51,769.65		01-Mar-2005		9.650%		OH - 80.00%		360		01-Feb-2005
1000481044 1			104,310.00		104,309.96		01-Jun-2005		7.700%		SC - 90.00%		360		01-Feb-2005
1000631944 1			315,000.00		315,000.00		01-Apr-2005		6.250%		CA - 88.73%		360		01-Mar-2005
1000637831 1			93,000.00		92,446.65		01-May-2005		7.600%		NC - 78.81%		360		01-Mar-2005
1974720 2			262,800.00		261,340.69		01-May-2005		8.550%		AK - 90.00%		360		01-Feb-2005
1000192295 2			155,550.00		154,662.04		01-May-2005		8.950%		SC - 85.00%		360		01-Jan-2005
1000268365 2			213,040.00		211,055.74		01-Apr-2005		5.900%		IN - 80.00%		360		01-Feb-2005
1000399713 2			306,850.00		304,748.47		01-Mar-2005		7.500%		WI - 95.00%		360		01-Feb-2005
1000410077 2			208,000.00		206,651.93		01-May-2005		7.800%		CT - 86.67%		360		01-Feb-2005
1000410175 2			208,000.00		206,359.35		01-Apr-2005		6.775%		IL - 80.00%		360		01-Feb-2005
1000412850 2			98,400.00		97,726.05		01-Apr-2005		7.500%		TX - 80.00%		360		01-Feb-2005
1000415884 2			276,000.00		274,005.02		01-Mar-2005		7.225%		HI - 80.00%		360		01-Feb-2005
1000428111 2			208,600.00		207,306.19		01-Mar-2005		8.000%		CA - 70.00%		360		01-Feb-2005
1000432035 2			113,900.00		113,395.44		01-Apr-2005		9.650%		NE - 85.00%		360		01-Feb-2005
1000437218 2			216,000.00		214,238.00		01-Jun-2005		6.600%		OR - 80.00%		360		01-Feb-2005
1000440008 2			221,600.00		219,703.99		01-Apr-2005		6.350%		NV - 80.00%		360		01-Feb-2005
1000457115 2			74,800.00		74,447.39		01-May-2005		9.350%		AL - 85.00%		360		01-Feb-2005
1000463812 2			85,500.00		84,809.22		01-Apr-2005		6.650%		CO - 89.06%		360		01-Feb-2005
1000512644 2			112,000.00		111,555.62		01-Jun-2005		10.175%		FL - 80.00%		360		01-Feb-2005
1000524828 2			114,500.00		113,664.08		01-May-2005		6.550%		ME - 89.45%		360		01-Mar-2005
1000543184 2			220,000.00		218,675.79		01-Mar-2005		8.150%		CA - 80.00%		360		01-Feb-2005
1000545315 2			80,750.00		80,365.37		01-Mar-2005		9.300%		IN - 85.00%		360		01-Feb-2005
1000552182 2			198,750.00		197,931.80		01-Apr-2005		10.000%		FL - 75.00%		360		01-Feb-2005
1000561323 2			164,000.00		163,024.16		01-Mar-2005		7.600%		FL - 80.00%		360		01-Mar-2005
1000561403 2			41,000.00		40,593.25		01-Mar-2005		10.700%		FL - 20.00%		240		01-Mar-2005
1000576950 2			104,000.00		103,062.63		01-Jun-2005		6.075%		CA - 80.00%		360		01-Feb-2005
1000587706 2			173,000.00		172,191.86		01-Jun-2005		9.400%		OH - 100.00%		360		01-Feb-2005


Page 17 of 34
Morgan Stanley ABS Capital I Inc. 2005-NC2

Mortgage Pass-Through Certificates

2005-NC2

October 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
1000597410 2
			85,850.00		85,322.74		01-Apr-2005		8.050%		MN - 85.00%		360		01-Feb-2005

1000623711 2			97,132.00		96,654.76		01-Jun-2005		9.150%		TX - 85.00%		360		01-Feb-2005
1836206 3			276,250.00		274,398.17		01-Jun-2005		8.650%		NY - 85.00%		360		01-Dec-2004
1885479 3			56,000.00		55,704.43		01-May-2005		9.300%		KS - 70.00%		360		01-Feb-2005
1893409 3			73,950.00		73,539.31		01-May-2005		8.550%		GA - 84.51%		360		01-Feb-2005
1940616 3			212,500.00		211,073.05		01-Apr-2005		7.600%		OH - 85.00%		360		01-Feb-2005
1945869 3			147,950.00		147,017.48		01-Jun-2005		8.950%		WA - 79.97%		360		01-Dec-2004
1946990 3			48,750.00		48,419.39		01-Jun-2005		7.550%		TX - 75.00%		360		01-Feb-2005
1949735 3			459,000.01		458,936.51		01-Apr-2005		7.150%		CA - 90.00%		360		01-Jan-2005
1958755 3			51,775.00		51,423.99		01-Apr-2005		8.100%		OK - 95.00%		360		01-Jan-2005
1967559 3			96,000.00		95,419.25		01-Jun-2005		8.125%		TX - 80.00%		360		01-Feb-2005
1969810 3			430,000.00		426,422.32		01-Apr-2005		6.550%		CA - 61.43%		360		01-Feb-2005
1978216 3			70,975.00		70,519.00		01-May-2005		7.825%		NM - 85.00%		360		01-Feb-2005
1987460 3			59,500.00		59,145.38		01-Mar-2005		8.200%		PA - 85.00%		360		01-Feb-2005
1990224 3			68,250.00		67,878.60		01-May-2005		8.650%		FL - 75.00%		360		01-Feb-2005
1990886 3			108,000.00		107,412.24		01-Jun-2005		8.650%		IN - 80.00%		360		01-Feb-2005
1997067 3			100,300.00		99,775.99		01-Jun-2005		8.850%		WI - 85.00%		360		01-Feb-2005
1997314 3			50,000.00		49,150.64		01-Jun-2005		7.340%		TX - 78.13%		240		01-Feb-2005
1998643 3			144,000.00		143,060.59		01-May-2005		7.750%		IL - 90.00%		360		01-Feb-2005
1000129694 3			137,600.00		136,342.14		01-Jun-2005		6.000%		CT - 80.00%		360		01-Feb-2005
1000153746 3			50,200.00		49,852.89		01-Jun-2005		8.000%		OH - 80.00%		360		01-Jan-2005
1000184829 3			400,000.00		397,260.49		01-May-2005		7.500%		NY - 80.00%		360		01-Feb-2005
1000191526 3			220,500.00		219,152.67		01-May-2005		8.075%		NJ - 90.00%		360		01-Feb-2005
1000193980 3			50,000.00		49,595.27		01-May-2005		7.200%		OK - 71.43%		360		01-Jan-2005
1000242446 3			107,250.00		106,686.04		01-Apr-2005		9.350%		FL - 67.45%		360		01-Jan-2005
1000251113 3			86,400.00		85,836.49		01-Jun-2005		7.750%		OH - 80.00%		360		01-Feb-2005
1000360193 3			114,750.00		114,079.78		01-Jun-2005		8.300%		CT - 85.00%		360		01-Feb-2005
1000367659 3			90,000.00		89,489.99		01-Apr-2005		8.450%		FL - 90.00%		360		01-Feb-2005
1000380386 3			60,350.00		59,964.26		01-May-2005		7.850%		IA - 85.00%		360		01-Feb-2005
1000393005 3			420,000.00		416,734.84		01-Mar-2005		6.850%		MN - 80.00%		360		01-Feb-2005
1000401149 3			50,000.00		49,727.88		01-Mar-2005		8.650%		KY - 66.67%		360		01-Feb-2005
1000406572 3			67,050.00		66,593.53		01-Jun-2005		8.200%		OH - 90.00%		360		01-Feb-2005
1000407018 3			613,000.00		607,561.60		01-Jun-2005		6.350%		CA - 79.10%		360		01-Feb-2005
1000428950 3			607,500.00		602,591.80		01-May-2005		6.650%		NV - 90.00%		360		01-Feb-2005
1000432357 3			112,500.00		111,674.76		01-Mar-2005		7.150%		IN - 90.00%		360		01-Feb-2005
1000441276 3			367,200.00		364,421.58		01-Jun-2005		6.990%		CO - 80.00%		360		01-Feb-2005
1000444353 3			247,920.00		247,920.00		01-Jun-2005		6.100%		WA - 80.00%		360		01-Feb-2005
1000445824 3			436,500.00		436,500.00		01-Jun-2005		6.600%		CA - 90.00%		360		01-Feb-2005
1000467854 3			112,500.00		111,892.57		01-May-2005		8.700%		OH - 90.00%		360		01-Feb-2005
1000494165 3			53,900.00		53,508.46		01-May-2005		8.400%		IN - 89.83%		360		01-Feb-2005
1000544405 3			77,000.00		76,658.39		01-Apr-2005		9.700%		MI - 70.00%		360		01-Feb-2005
1000544432 3			64,000.00		63,713.97		01-Jun-2005		9.700%		MI - 77.11%		360		01-Feb-2005
1000579092 3			116,800.00		116,124.62		01-May-2005		8.350%		MI - 80.00%		360		01-Feb-2005
1000585343 3			123,300.00		122,585.83		01-Jun-2005		8.450%		OK - 90.00%		360		01-Feb-2005
1000588108 3			141,000.00		139,965.63		01-Mar-2005		7.150%		KY - 64.98%		360		01-Feb-2005
1000592344 3			92,000.00		91,301.81		01-Jun-2005		6.975%		TX - 80.00%		360		01-Feb-2005
1000595074 3			540,000.00		540,000.00		01-Apr-2005		7.150%		CO - 80.00%		360		01-Feb-2005
1000604643 3			94,000.00		93,528.64		01-Apr-2005		9.050%		OH - 72.31%		360		01-Feb-2005
1000606053 3			75,000.00		74,685.02		01-Apr-2005		9.450%		OH - 75.00%		360		01-Mar-2005
1000621697 3			69,300.00		68,955.69		01-May-2005		8.500%		MI - 90.00%		360		01-Mar-2005
1000622892 3			81,600.00		81,173.67		01-May-2005		8.850%		TN - 80.00%		360		01-Feb-2005


Page 18 of 34
Morgan Stanley ABS Capital I Inc. 2005-NC2

Mortgage Pass-Through Certificates

2005-NC2

October 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
1000650913 3
			230,720.00		230,645.13		01-Apr-2005		7.750%		MN - 80.00%		360		01-Feb-2005



TOTAL			17,018,942.01		16,919,581.87


Page 19 of 34
Morgan Stanley ABS Capital I Inc. 2005-NC2

Mortgage Pass-Through Certificates

2005-NC2

October 25, 2005 Distribution
Prepayment Report

VOLUNTARY PREPAYMENTS


									Group 3		Group 2		Group 1		Total




Current


Number of Paid in Full Loans								78		73		65		216
Number of Repurchased Loans								0		0		0		0
Total Number of Loans Prepaid in Full								78		73		65		216
Curtailments Amount								28,348.98		13,465.80		16,588.09		58,402.87
Paid in Full Balance								19,429,993.57		13,851,564.85		11,442,231.25		44,723,789.67
Repurchased Loans Balance								0.00		0.00		0.00		0.00
Total Prepayment Amount								19,458,342.55		13,865,030.65		11,458,819.34		44,782,192.54

Cumulative


Number of Paid in Full Loans								421		324		354		1,099
Number of Repurchased Loans								1		0		0		1
Total Number of Loans Prepaid in Full								422		324		354		1,100
Paid in Full Balance								111,563,588.61		64,085,159.79		69,827,338.82		245,476,087.22
Repurchased Loans Balance								333,608.16		0.00		0.00		333,608.16
Curtailments Amount								158,449.55		75,000.54		112,409.85		345,859.94
Total Prepayment Amount								112,055,646.32		64,160,160.33		69,939,748.67		246,155,555.32










Page 20 of 34
Morgan Stanley ABS Capital I Inc. 2005-NC2

Mortgage Pass-Through Certificates

2005-NC2

October 25, 2005 Distribution

VOLUNTARY PREPAYMENTS RATES


									Group 3		Group 2		Group 1		Total



SMM								3.23%		4.43%		3.15%		3.50%
3 Months Avg SMM								3.50%		4.38%		3.48%		3.71%
12 Months Avg SMM								2.88%		3.18%		2.97%		2.98%
Avg SMM Since Cut-off								2.88%		3.18%		2.97%		2.98%


CPR								32.57%		41.92%		31.88%		34.79%
3 Months Avg CPR								34.82%		41.57%		34.60%		36.48%
12 Months Avg CPR								29.57%		32.15%		30.34%		30.43%
Avg CPR Since Cut-off								29.57%		32.15%		30.34%		30.43%


PSA								1,784.71%		2,316.21%		1,711.94%		1,898.91%
3 Months Avg PSA Approximation								2,142.33%		2,582.61%		2,081.35%		2,235.25%
12 Months Avg PSA Approximation								2,229.79%		2,456.32%		2,226.49%		2,283.75%
Avg PSA Since Cut-off Approximation								2,229.79%		2,456.32%		2,226.50%		2,283.75%










Page 21 of 34
Morgan Stanley ABS Capital I Inc. 2005-NC2

Mortgage Pass-Through Certificates

2005-NC2

October 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 34
Morgan Stanley ABS Capital I Inc. 2005-NC2

Mortgage Pass-Through Certificates

2005-NC2

October 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

1836343 2			196,000.00		194,484.78			13-Sep-2005		6.250%		CA - 80.00%		Paid Off - 360		01-Feb-2005


1869007 3			175,000.00		173,657.53			14-Sep-2005		7.475%		MN - 72.92%		Paid Off - 360		01-Dec-2004

1880963 1			109,500.00		105,924.03			01-Sep-2005		6.650%		FL - 47.61%		Paid Off - 180		01-Jan-2005

1886219 1			195,000.00		194,818.49			30-Sep-2005		6.675%		CA - 80.91%		Paid Off - 360		01-Jan-2005

1887871 3			57,000.00		56,791.81			16-Sep-2005		9.990%		CA - 20.00%		Paid Off - 360		01-Feb-2005

1890866 2			220,000.00		217,759.85			02-Sep-2005		6.000%		CA - 80.00%		Paid Off - 360		01-Dec-2004

1893887 2			240,000.00		240,000.00			01-Sep-2005		7.330%		CA - 80.00%		Paid Off - 360		01-Feb-2005

1895312 1			259,000.00		257,962.97			29-Sep-2005		9.550%		NJ - 70.00%		Paid Off - 360		01-Feb-2005

1904167 1			130,000.00		129,533.60			01-Sep-2005		10.650%		CA - 65.00%		Paid Off - 360		01-Jan-2005

1905508 1			260,000.00		258,046.60			30-Sep-2005		6.400%		CA - 48.60%		Paid Off - 360		01-Feb-2005

1907295 3			185,000.00		183,405.66			06-Sep-2005		7.075%		NY - 63.79%		Paid Off - 360		01-Jan-2005

1916370 1			300,000.00		297,505.64			27-Sep-2005		6.500%		CA - 70.59%		Paid Off - 360		01-Jan-2005

1918083 1			148,750.00		147,172.82			28-Sep-2005		5.200%		MI - 85.00%		Paid Off - 360		01-Jan-2005

1920610 3			336,000.00		333,997.82			06-Sep-2005		8.200%		NY - 80.00%		Paid Off - 360		01-Jan-2005

1922330 1			160,000.00		158,445.77			27-Sep-2005		6.250%		CA - 89.39%		Paid Off - 360		01-Dec-2004

1927603 3			593,000.00		586,381.98			23-Sep-2005		5.650%		CA - 82.02%		Paid Off - 360		01-Dec-2004

1928804 1			327,000.00		324,056.29			19-Sep-2005		6.650%		NY - 84.94%		Paid Off - 360		01-Dec-2004

1935812 1			175,000.00		173,789.91			27-Sep-2005		8.000%		MO - 81.40%		Paid Off - 360		01-Dec-2004

1943085 1			161,000.00		159,748.35			09-Sep-2005		6.850%		CA - 68.51%		Paid Off - 360		01-Jan-2005

1952945 1			118,000.00		117,283.84			21-Sep-2005		7.500%		WA - 84.29%		Paid Off - 360		01-Feb-2005

1954761 2			163,000.00		161,749.33			06-Sep-2005		6.990%		CA - 53.44%		Paid Off - 360		01-Jan-2005

1954967 1			55,250.00		54,879.20			28-Sep-2005		8.150%		AZ - 85.00%		Paid Off - 360		01-Dec-2004

1955407 3			130,400.00		129,121.53			28-Sep-2005		5.625%		WA - 80.00%		Paid Off - 360		01-Jan-2005

1956708 1			146,250.00		144,998.73			08-Sep-2005		6.350%		CA - 75.00%		Paid Off - 360		01-Jan-2005

1958426 2			142,800.00		142,040.56			15-Sep-2005		8.163%		CA - 85.00%		Paid Off - 360		01-Feb-2005

1965868 1			87,300.00		85,947.74			16-Sep-2005		7.100%		AZ - 90.00%		Paid Off - 240		01-Feb-2005

1966813 3			58,875.00		58,582.17			30-Sep-2005		8.500%		MD - 75.00%		Paid Off - 360		01-Feb-2005

1967094 3			425,425.00		421,462.52			01-Sep-2005		5.900%		CA - 85.00%		Paid Off - 360		01-Jan-2005

1967493 1			250,000.00		247,701.86			19-Sep-2005		6.400%		NV - 83.33%		Paid Off - 360		01-Jan-2005

1967982 3			144,000.00		143,346.80			28-Sep-2005		8.950%		FL - 80.00%		Paid Off - 360		01-Feb-2005

1970432 3			438,000.00		434,561.84			28-Sep-2005		6.800%		CT - 79.49%		Paid Off - 360		01-Jan-2005

1971616 2			151,150.00		149,843.19			12-Sep-2005		6.300%		WA - 89.97%		Paid Off - 360		01-Jan-2005

1971790 2			216,000.00		214,314.24			14-Sep-2005		6.200%		CA - 90.00%		Paid Off - 360		01-Feb-2005

1972125 2			144,000.00		142,660.29			26-Sep-2005		6.300%		MA - 80.00%		Paid Off - 360		01-Jan-2005

1973209 1			314,500.00		312,237.75			23-Sep-2005		7.250%		SC - 85.00%		Paid Off - 360		01-Jan-2005

1973953 2			99,000.00		98,368.90			02-Sep-2005		7.250%		CA - 90.00%		Paid Off - 360		01-Feb-2005

1975045 1			90,750.00		90,348.48			22-Sep-2005		9.150%		CA - 75.00%		Paid Off - 360		01-Feb-2005



Page 23 of 34
Morgan Stanley ABS Capital I Inc. 2005-NC2

Mortgage Pass-Through Certificates

2005-NC2

October 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

1976344 3			360,000.00		357,771.79			15-Sep-2005		7.400%		CA - 90.00%		Paid Off - 360		01-Feb-2005


1976816 3			459,000.00		456,268.92			22-Sep-2005		7.600%		CA - 90.00%		Paid Off - 360		01-Feb-2005

1977162 3			372,000.00		369,892.12			02-Sep-2005		8.450%		CA - 80.00%		Paid Off - 360		01-Jan-2005

1978232 3			245,000.00		243,032.91			22-Sep-2005		6.050%		NV - 70.00%		Paid Off - 360		01-Feb-2005

1978769 2			101,970.00		101,463.32			28-Sep-2005		8.500%		OK - 88.67%		Paid Off - 360		01-Feb-2005

1979621 2			116,000.00		115,044.65			21-Sep-2005		6.550%		CA - 56.59%		Paid Off - 360		01-Jan-2005

1979846 3			324,800.00		323,506.29			26-Sep-2005		6.000%		CA - 80.00%		Paid Off - 360		01-Feb-2005

1981125 2			156,000.00		154,904.11			07-Sep-2005		6.750%		CA - 80.00%		Paid Off - 360		01-Feb-2005

1981411 3			180,000.00		178,960.32			06-Sep-2005		7.750%		IL - 90.00%		Paid Off - 360		01-Feb-2005

1981609 2			37,635.00		37,282.68			26-Sep-2005		11.350%		NV - 20.00%		Paid Off - 240		01-Feb-2005

1984273 3			580,000.00		574,444.31			28-Sep-2005		5.750%		CA - 80.00%		Paid Off - 360		01-Jan-2005

1985108 1			162,400.00		162,400.00			08-Sep-2005		6.250%		AZ - 80.00%		Paid Off - 360		01-Feb-2005

1985375 3			224,000.00		222,093.36			27-Sep-2005		6.150%		NV - 74.92%		Paid Off - 360		01-Feb-2005

1987953 1			148,000.00		146,707.24			21-Sep-2005		5.600%		MN - 80.00%		Paid Off - 360		01-Feb-2005

1988384 3			182,500.00		181,323.31			07-Sep-2005		7.550%		MD - 73.59%		Paid Off - 360		01-Feb-2005

1989417 3			99,000.00		98,109.41			08-Sep-2005		8.200%		IL - 75.00%		Paid Off - 360		01-Feb-2005

1989471 1			61,200.00		60,849.95			22-Sep-2005		7.800%		MO - 85.00%		Paid Off - 360		01-Feb-2005

1990345 3			58,500.00		58,134.24			02-Sep-2005		7.650%		IN - 75.00%		Paid Off - 360		01-Feb-2005

1994070 1			135,000.00		133,842.49			02-Sep-2005		5.700%		FL - 74.18%		Paid Off - 360		01-Feb-2005

1994453 1			102,850.00		102,388.55			27-Sep-2005		9.000%		KS - 85.00%		Paid Off - 360		01-Feb-2005

1994691 3			131,750.00		130,966.05			28-Sep-2005		7.600%		IL - 85.00%		Paid Off - 360		01-Feb-2005

2001597 3			144,000.00		143,082.57			29-Sep-2005		7.300%		MI - 80.00%		Paid Off - 360		01-Feb-2005

2007783 3			21,450.00		21,277.28			13-Sep-2005		12.300%		FL - 15.00%		Paid Off - 240		01-Feb-2005

2010444 2			50,000.00		49,377.40			30-Sep-2005		8.900%		IN - 90.91%		Paid Off - 240		01-Feb-2005

1000083652 1			247,000.00		245,131.10			07-Sep-2005		6.990%		FL - 95.00%		Paid Off - 360		01-Jan-2005

1000087202 3			125,000.00		124,054.20			23-Sep-2005		6.990%		FL - 59.52%		Paid Off - 360		01-Jan-2005

1000118713 1			149,625.00		148,859.15			30-Sep-2005		8.950%		MA - 95.00%		Paid Off - 360		01-Jan-2005

1000130334 2			141,000.00		139,846.63			27-Sep-2005		6.990%		CA - 74.21%		Paid Off - 360		01-Feb-2005

1000132546 3			460,750.00		457,920.59			30-Sep-2005		8.050%		NY - 95.00%		Paid Off - 360		01-Jan-2005

1000133670 3			324,000.00		322,183.76			23-Sep-2005		7.900%		NJ - 90.00%		Paid Off - 360		01-Feb-2005

1000134580 3			71,000.00		70,599.62			13-Sep-2005		8.475%		OH - 83.53%		Paid Off - 360		01-Jan-2005

1000143240 1			165,000.00		164,046.96			07-Sep-2005		7.750%		FL - 68.75%		Paid Off - 360		01-Feb-2005

1000144258 1			198,550.00		197,163.15			16-Sep-2005		7.400%		MO - 95.00%		Paid Off - 360		01-Jan-2005

1000145514 3			500,000.00		497,327.01			14-Sep-2005		7.450%		VA - 89.29%		Paid Off - 360		01-Mar-2005

1000166527 3			297,500.00		295,944.36			30-Sep-2005		8.650%		NJ - 85.00%		Paid Off - 360		01-Feb-2005

1000175278 3			88,000.00		87,562.75			27-Sep-2005		8.500%		FL - 80.00%		Paid Off - 360		01-Feb-2005

1000202373 1			400,000.00		397,216.93			29-Sep-2005		6.800%		NY - 80.00%		Paid Off - 360		01-Feb-2005

1000207831 3			90,300.00		89,828.27			28-Sep-2005		8.850%		MI - 70.00%		Paid Off - 360		01-Jan-2005



Page 24 of 34
Morgan Stanley ABS Capital I Inc. 2005-NC2

Mortgage Pass-Through Certificates

2005-NC2

October 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

1000208643 1			124,200.00		123,563.92			27-Sep-2005		8.350%		FL - 90.00%		Paid Off - 360		01-Feb-2005


1000211915 2			146,250.00		145,335.80			07-Sep-2005		7.350%		CA - 75.00%		Paid Off - 360		01-Feb-2005

1000214235 2			114,750.00		114,179.87			30-Sep-2005		8.500%		FL - 85.00%		Paid Off - 360		01-Feb-2005

1000224340 1			250,000.00		247,859.50			01-Sep-2005		6.500%		CA - 84.75%		Paid Off - 360		01-Jan-2005

1000230672 1			290,000.00		289,999.80			27-Sep-2005		6.500%		CA - 79.67%		Paid Off - 360		01-Feb-2005

1000243025 2			171,000.00		169,657.66			23-Sep-2005		6.800%		FL - 90.00%		Paid Off - 360		01-Jan-2005

1000253219 1			50,000.00		48,801.06			06-Sep-2005		8.200%		NC - 83.33%		Paid Off - 180		01-Feb-2005

1000273402 1			229,500.00		227,624.70			01-Sep-2005		6.750%		CA - 76.60%		Paid Off - 360		01-Feb-2005

1000274287 2			153,600.00		152,352.70			22-Sep-2005		5.990%		CA - 80.00%		Paid Off - 360		01-Feb-2005

1000275491 3			38,400.00		37,976.77			22-Sep-2005		9.875%		CA - 20.00%		Paid Off - 240		01-Feb-2005

1000277300 3			114,750.00		114,264.85			01-Sep-2005		9.750%		WI - 85.00%		Paid Off - 360		01-Feb-2005

1000283543 3			414,900.00		414,899.96			29-Sep-2005		7.550%		CA - 90.00%		Paid Off - 360		01-Feb-2005

1000284622 1			132,000.00		131,141.93			07-Sep-2005		7.150%		AZ - 80.00%		Paid Off - 360		01-Feb-2005

1000284748 1			240,000.00		237,844.53			16-Sep-2005		5.450%		CA - 75.00%		Paid Off - 360		01-Feb-2005

1000288389 2			262,500.00		260,922.58			29-Sep-2005		7.550%		CA - 75.00%		Paid Off - 360		01-Feb-2005

1000291017 2			38,000.00		37,612.58			30-Sep-2005		10.500%		IL - 20.00%		Paid Off - 240		01-Feb-2005

1000296263 3			270,000.00		268,312.30			06-Sep-2005		7.350%		NJ - 90.00%		Paid Off - 360		#######

1000306323 1			301,800.00		301,800.00			08-Sep-2005		6.400%		MD - 87.18%		Paid Off - 360		01-Feb-2005

1000317286 1			49,000.00		48,776.08			28-Sep-2005		9.500%		AZ - 20.00%		Paid Off - 360		01-Jan-2005

1000319872 1			205,750.00		204,552.16			02-Sep-2005		7.990%		CA - 46.76%		Paid Off - 360		01-Feb-2005

1000323340 2			200,000.00		199,231.95			29-Sep-2005		9.750%		NJ - 47.06%		Paid Off - 360		01-Feb-2005

1000324358 3			420,000.00		417,392.92			06-Sep-2005		7.388%		FL - 75.00%		Paid Off - 360		01-Feb-2005

1000331616 2			348,000.00		345,737.88			13-Sep-2005		7.150%		CA - 80.00%		Paid Off - 360		01-Feb-2005

1000335195 1			150,000.00		148,434.54			22-Sep-2005		6.100%		CA - 31.91%		Paid Off - 360		01-Feb-2005

1000342908 3			244,000.00		243,999.96			22-Sep-2005		6.475%		CA - 80.00%		Paid Off - 360		01-Feb-2005

1000345335 1			132,160.00		132,160.00			23-Sep-2005		7.050%		FL - 80.00%		Paid Off - 360		01-Feb-2005

1000345898 1			216,750.00		215,891.11			13-Sep-2005		9.600%		FL - 84.67%		Paid Off - 360		01-Feb-2005

1000348449 1			71,600.00		71,372.64			14-Sep-2005		10.650%		FL - 20.00%		Paid Off - 360		01-Feb-2005

1000349037 2			262,500.00		260,673.60			28-Sep-2005		6.800%		CA - 77.89%		Paid Off - 360		01-Feb-2005

1000349723 2			168,000.00		166,995.77			15-Sep-2005		7.900%		HI - 100.00%		Paid Off - 360		01-Feb-2005

1000351808 1			153,000.00		151,812.32			29-Sep-2005		6.700%		CA - 90.00%		Paid Off - 360		01-Feb-2005

1000356769 1			82,300.00		81,721.56			06-Sep-2005		7.800%		CA - 82.30%		Paid Off - 360		01-Feb-2005

1000358455 3			58,800.00		58,529.12			20-Sep-2005		8.913%		MD - 80.00%		Paid Off - 360		01-Feb-2005

1000360852 3			527,000.00		523,472.76			27-Sep-2005		7.000%		CA - 85.00%		Paid Off - 360		01-Feb-2005

1000364055 3			144,000.00		143,311.74			01-Sep-2005		9.000%		ME - 90.00%		Paid Off - 360		01-Feb-2005

1000365857 2			142,650.00		141,826.05			27-Sep-2005		7.750%		WA - 90.00%		Paid Off - 360		01-Feb-2005

1000370440 1			247,500.00		245,510.09			23-Sep-2005		6.250%		NJ - 75.00%		Paid Off - 360		01-Feb-2005

1000370832 2			32,800.00		32,492.93			01-Sep-2005		11.150%		FL - 20.00%		Paid Off - 240		01-Feb-2005



Page 25 of 34
Morgan Stanley ABS Capital I Inc. 2005-NC2

Mortgage Pass-Through Certificates

2005-NC2

October 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

1000373526 3			79,800.00		79,177.14			22-Sep-2005		6.200%		KY - 64.35%		Paid Off - 360		01-Feb-2005


1000377461 2			276,000.00		274,257.81			12-Sep-2005		7.300%		HI - 80.00%		Paid Off - 360		01-Feb-2005

1000382160 1			153,000.00		152,216.36			27-Sep-2005		8.350%		CA - 85.00%		Paid Off - 360		01-Feb-2005

1000383999 3			230,000.00		228,540.30			08-Sep-2005		7.450%		DC - 74.19%		Paid Off - 360		01-Feb-2005

1000384694 1			255,000.00		252,719.92			21-Sep-2005		5.500%		CA - 75.00%		Paid Off - 360		01-Feb-2005

1000384952 2			208,000.00		206,429.84			21-Sep-2005		6.375%		CA - 80.00%		Paid Off - 360		01-Feb-2005

1000385103 1			175,560.00		174,263.56			28-Sep-2005		6.500%		CA - 70.00%		Paid Off - 360		01-Feb-2005

1000385844 1			107,350.00		107,349.00			12-Sep-2005		7.300%		FL - 79.97%		Paid Off - 360		01-Jan-2005

1000386111 1			26,800.00		26,516.78			12-Sep-2005		11.200%		FL - 19.96%		Paid Off - 240		01-Jan-2005

1000388878 3			279,000.00		277,356.29			29-Sep-2005		7.650%		IL - 90.00%		Paid Off - 360		01-Feb-2005

1000395352 3			256,500.00		254,912.36			12-Sep-2005		7.400%		MA - 90.00%		Paid Off - 360		01-Feb-2005

1000400408 2			263,200.00		261,203.63			22-Sep-2005		6.350%		CA - 80.00%		Paid Off - 360		01-Feb-2005

1000406313 3			71,250.00		70,880.91			28-Sep-2005		8.300%		MD - 75.00%		Paid Off - 360		01-Feb-2005

1000407465 2			212,000.00		212,000.00			09-Sep-2005		7.625%		CA - 80.00%		Paid Off - 360		01-Feb-2005

1000407660 2			164,000.00		162,933.95			28-Sep-2005		7.150%		CO - 100.00%		Paid Off - 360		01-Feb-2005

1000408375 3			364,800.00		364,800.00			19-Sep-2005		6.300%		CA - 80.00%		Paid Off - 360		01-Feb-2005

1000408428 1			300,000.00		298,249.86			16-Sep-2005		7.700%		CA - 74.07%		Paid Off - 360		01-Feb-2005

1000420958 1			336,000.00		333,482.98			23-Sep-2005		7.650%		CA - 74.67%		Paid Off - 360		01-Feb-2005

1000421485 3			85,500.00		85,057.62			20-Sep-2005		8.300%		OH - 90.00%		Paid Off - 360		01-Feb-2005

1000426471 3			155,200.00		154,404.09			07-Sep-2005		8.350%		MD - 80.00%		Paid Off - 360		01-Feb-2005

1000427862 1			31,000.00		30,657.63			22-Sep-2005		10.000%		AZ - 20.00%		Paid Off - 240		01-Feb-2005

1000429370 2			239,920.00		238,463.98			09-Sep-2005		7.500%		CA - 80.00%		Paid Off - 360		01-Feb-2005

1000429441 2			290,000.00		287,679.42			09-Sep-2005		6.450%		CA - 62.77%		Paid Off - 360		01-Feb-2005

1000429735 3			132,000.00		131,054.61			29-Sep-2005		6.650%		AZ - 80.00%		Paid Off - 360		01-Feb-2005

1000431456 3			284,000.00		284,000.00			12-Sep-2005		6.850%		CA - 80.00%		Paid Off - 360		01-Feb-2005

1000434453 2			287,000.00		284,902.68			27-Sep-2005		6.550%		CA - 70.00%		Paid Off - 360		01-Feb-2005

1000435292 2			280,000.00		278,703.74			30-Sep-2005		8.850%		NV - 80.00%		Paid Off - 360		01-Feb-2005

1000436040 1			274,000.00		274,000.00			06-Sep-2005		6.750%		CA - 83.03%		Paid Off - 360		01-Feb-2005

1000437183 2			316,000.00		313,880.86			28-Sep-2005		6.990%		CA - 80.00%		Paid Off - 360		01-Feb-2005

1000443194 1			285,000.00		284,999.92			23-Sep-2005		5.750%		CO - 77.03%		Paid Off - 360		01-Feb-2005

1000443238 3			420,000.00		416,584.76			16-Sep-2005		5.990%		CA - 80.00%		Paid Off - 360		01-Feb-2005

1000443372 2			212,000.00		210,452.25			27-Sep-2005		6.550%		CA - 74.65%		Paid Off - 360		01-Feb-2005

1000443559 2			225,000.00		223,419.35			08-Sep-2005		6.750%		VA - 83.33%		Paid Off - 360		01-Feb-2005

1000444068 1			220,500.00		220,398.57			07-Sep-2005		7.050%		NV - 90.00%		Paid Off - 360		01-Feb-2005

1000449679 2			150,000.00		149,142.20			13-Sep-2005		7.800%		CA - 53.57%		Paid Off - 360		01-Feb-2005

1000450737 3			520,000.00		516,844.26			02-Sep-2005		7.500%		CA - 80.00%		Paid Off - 360		01-Feb-2005

1000453146 2			143,000.00		141,829.55			06-Sep-2005		5.950%		CA - 79.44%		Paid Off - 360		01-Feb-2005

1000453887 3			194,750.00		193,647.33			21-Sep-2005		7.850%		AZ - 95.00%		Paid Off - 360		01-Feb-2005



Page 26 of 34
Morgan Stanley ABS Capital I Inc. 2005-NC2

Mortgage Pass-Through Certificates

2005-NC2

October 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

1000454350 2			220,000.00		217,533.47			29-Sep-2005		6.275%		CA - 70.97%		Paid Off - 360		01-Feb-2005


1000455554 3			86,700.00		86,233.04			08-Sep-2005		8.100%		FL - 85.00%		Paid Off - 360		01-Feb-2005

1000456447 2			152,100.00		151,230.16			08-Sep-2005		7.800%		FL - 89.47%		Paid Off - 360		01-Feb-2005

1000457758 3			384,000.00		381,031.42			21-Sep-2005		6.250%		CA - 80.00%		Paid Off - 360		01-Feb-2005

1000457963 1			103,200.00		102,741.73			28-Sep-2005		9.050%		IN - 100.00%		Paid Off - 360		01-Feb-2005

1000461510 2			160,000.00		159,062.41			23-Sep-2005		7.300%		CA - 55.56%		Paid Off - 360		01-Mar-2005

1000462895 3			278,800.00		278,704.16			26-Sep-2005		8.250%		CA - 85.00%		Paid Off - 360		01-Feb-2005

1000465384 1			80,000.00		79,326.32			20-Sep-2005		5.800%		FL - 52.29%		Paid Off - 360		01-Feb-2005

1000471723 2			276,000.00		274,079.77			06-Sep-2005		6.800%		CA - 84.92%		Paid Off - 360		01-Feb-2005

1000472713 1			159,800.00		158,981.57			12-Sep-2005		8.350%		AZ - 85.00%		Paid Off - 360		01-Feb-2005

1000474542 1			255,000.00		255,000.00			01-Sep-2005		7.050%		VA - 73.28%		Paid Off - 360		01-Feb-2005

1000476265 3			69,900.00		68,993.00			19-Sep-2005		5.750%		WA - 42.39%		Paid Off - 360		01-Feb-2005

1000480107 3			412,300.00		412,299.97			02-Sep-2005		7.700%		MD - 95.00%		Paid Off - 360		01-Mar-2005

1000482409 2			156,000.00		156,000.00			30-Sep-2005		5.750%		CA - 80.00%		Paid Off - 360		01-Feb-2005

1000484951 2			259,250.00		257,692.15			27-Sep-2005		7.550%		CA - 85.00%		Paid Off - 360		01-Feb-2005

1000486888 2			228,000.00		226,152.07			26-Sep-2005		6.000%		FL - 80.00%		Paid Off - 360		01-Feb-2005

1000490070 3			448,000.00		444,404.85			27-Sep-2005		6.350%		HI - 80.00%		Paid Off - 360		01-Feb-2005

1000490873 2			146,250.00		145,765.46			28-Sep-2005		10.450%		CA - 65.00%		Paid Off - 360		01-Feb-2005

1000498241 2			149,000.00		148,296.39			13-Sep-2005		8.750%		CA - 69.30%		Paid Off - 360		01-Feb-2005

1000505322 2			160,000.00		159,422.99			15-Sep-2005		10.050%		CA - 68.09%		Paid Off - 360		01-Feb-2005

1000524659 2			218,000.00		216,670.02			01-Sep-2005		7.400%		FL - 79.27%		Paid Off - 360		01-Mar-2005

1000527503 1			152,000.00		151,953.57			30-Sep-2005		7.200%		AZ - 80.00%		Paid Off - 360		01-Feb-2005

1000534835 3			364,500.00		361,761.53			01-Sep-2005		6.400%		CA - 90.00%		Paid Off - 360		01-Feb-2005

1000535111 3			134,000.00		133,367.24			15-Sep-2005		8.750%		FL - 55.37%		Paid Off - 360		01-Feb-2005

1000535380 3			134,000.00		133,081.08			13-Sep-2005		6.875%		NJ - 84.81%		Paid Off - 360		01-Feb-2005

1000538966 3			600,000.00		600,000.00			09-Sep-2005		6.750%		CA - 80.00%		Paid Off - 360		01-Feb-2005

1000541499 3			178,000.00		176,982.86			19-Sep-2005		8.150%		MI - 100.00%		Paid Off - 360		01-Feb-2005

1000541729 1			120,000.00		120,000.00			19-Sep-2005		7.750%		MO - 80.00%		Paid Off - 360		01-Feb-2005

1000547288 3			483,200.00		483,200.00			21-Sep-2005		6.100%		CA - 80.00%		Paid Off - 360		01-Feb-2005

1000554377 3			396,150.00		393,839.09			20-Sep-2005		7.700%		FL - 95.00%		Paid Off - 360		01-Feb-2005

1000557944 3			145,000.00		144,234.54			20-Sep-2005		8.200%		RI - 50.35%		Paid Off - 360		01-Feb-2005

1000558514 2			202,500.00		201,091.09			06-Sep-2005		6.800%		CA - 75.00%		Paid Off - 360		01-Feb-2005

1000560440 2			280,500.00		278,814.46			28-Sep-2005		7.550%		FL - 85.00%		Paid Off - 360		01-Feb-2005

1000562527 2			260,000.00		258,422.10			21-Sep-2005		7.500%		CA - 68.42%		Paid Off - 360		01-Feb-2005

1000565221 2			185,000.00		183,983.41			06-Sep-2005		8.000%		MD - 49.33%		Paid Off - 360		01-Feb-2005

1000566275 2			263,000.00		260,334.86			28-Sep-2005		6.550%		CA - 74.08%		Paid Off - 360		01-Feb-2005

1000568193 1			247,500.00		247,500.00			27-Sep-2005		7.550%		IA - 88.39%		Paid Off - 360		01-Mar-2005

1000568380 3			106,400.00		105,388.69			26-Sep-2005		9.450%		FL - 70.00%		Paid Off - 360		01-Feb-2005



Page 27 of 34
Morgan Stanley ABS Capital I Inc. 2005-NC2

Mortgage Pass-Through Certificates

2005-NC2

October 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

1000569520 2			189,000.00		187,949.00			19-Sep-2005		7.250%		CA - 90.00%		Paid Off - 360		01-Mar-2005


1000573819 3			105,300.00		104,673.44			16-Sep-2005		7.600%		NC - 90.00%		Paid Off - 360		01-Feb-2005

1000574603 2			136,000.00		134,855.50			29-Sep-2005		5.800%		CA - 59.13%		Paid Off - 360		01-Feb-2005

1000575256 3			123,000.00		122,532.56			07-Sep-2005		9.800%		FL - 92.48%		Paid Off - 360		01-Feb-2005

1000575434 3			407,300.00		407,300.00			08-Sep-2005		6.350%		MD - 91.12%		Paid Off - 360		01-Feb-2005

1000579243 2			221,000.00		219,706.98			15-Sep-2005		6.990%		CA - 85.00%		Paid Off - 360		01-Mar-2005

1000588313 2			204,000.00		#######			16-Sep-2005		7.900%		MN - 88.70%		Paid Off - 360		01-Feb-2005

1000590523 3			132,000.00		131,118.40			28-Sep-2005		7.100%		IL - 80.00%		Paid Off - 360		01-Feb-2005

1000591274 1			104,000.00		104,000.00			20-Sep-2005		6.300%		MI - 80.00%		Paid Off - 360		01-Feb-2005

1000593183 2			356,000.00		353,779.13			15-Sep-2005		7.360%		CA - 80.00%		Paid Off - 360		01-Feb-2005

1000597857 2			104,017.00		103,172.34			16-Sep-2005		5.990%		CA - 41.61%		Paid Off - 360		01-Feb-2005

1000598286 2			237,150.00		236,158.33			12-Sep-2005		9.900%		FL - 90.00%		Paid Off - 360		01-Feb-2005

1000598712 2			243,000.00		242,037.12			16-Sep-2005		9.600%		NH - 74.77%		Paid Off - 360		01-Feb-2005

1000598963 3			400,000.00		397,797.68			14-Sep-2005		7.990%		CA - 61.07%		Paid Off - 360		01-Feb-2005

1000600282 1			140,000.00		139,999.95			22-Sep-2005		5.900%		OR - 80.00%		Paid Off - 360		01-Feb-2005

1000604475 3			329,175.00		327,581.73			06-Sep-2005		7.950%		CA - 95.00%		Paid Off - 360		01-Mar-2005

1000605697 2			180,000.00		179,216.94			12-Sep-2005		9.150%		CA - 36.73%		Paid Off - 360		01-Feb-2005

1000608239 2			193,500.00		192,160.14			30-Sep-2005		6.300%		CA - 69.11%		Paid Off - 360		01-Mar-2005

1000608426 3			391,500.00		389,488.30			02-Sep-2005		7.650%		CA - 90.00%		Paid Off - 360		01-Mar-2005

1000611573 3			125,930.00		125,466.23			06-Sep-2005		9.950%		MN - 70.00%		Paid Off - 360		01-Feb-2005

1000613232 2			195,000.00		193,707.46			13-Sep-2005		7.050%		CA - 69.64%		Paid Off - 360		01-Feb-2005

1000616845 2			128,700.00		127,845.11			29-Sep-2005		7.750%		AZ - 90.00%		Paid Off - 360		01-Mar-2005

1000625176 3			116,000.00		115,500.61			29-Sep-2005		9.200%		FL - 63.39%		Paid Off - 360		01-Feb-2005

1000626503 2			292,000.00		290,558.76			30-Sep-2005		8.350%		NY - 80.00%		Paid Off - 360		01-Mar-2005

1000626576 2			207,200.00		207,143.27			20-Sep-2005		6.250%		AZ - 80.00%		Paid Off - 360		01-Feb-2005

1000629494 2			204,000.00		204,000.00			02-Sep-2005		5.900%		CA - 80.00%		Paid Off - 360		01-Feb-2005

1000634978 2			51,000.00		50,410.74			02-Sep-2005		9.500%		CA - 20.00%		Paid Off - 240		01-Feb-2005



TOTAL			44,983,142.00		44,723,789.67



Page 28 of 34
Morgan Stanley ABS Capital I Inc. 2005-NC2

Mortgage Pass-Through Certificates

2005-NC2

October 25, 2005 Distribution
Realized Loss Report

COLLATERAL REALIZED LOSSES



									Group 3		Group 2		Group 1		Total


Current




Number of Loans Liquidated								1		0		0		1
Collateral Principal Realized Loss/(Gain) Amount								48,851.14		0.00		0.00		48,851.14
Collateral Interest Realized Loss/(Gain) Amount								368.42		0.00		0.00		368.42
Net Liquidation Proceeds

Cumulative




Number of Loans Liquidated								1		0		0		1
Collateral Realized Loss/(Gain) Amount								48,851.14		0.00		0.00		48,851.14
Net Liquidation Proceeds								0.00		0.00		0.00		0.00










Page 29 of 34
Morgan Stanley ABS Capital I Inc. 2005-NC2

Mortgage Pass-Through Certificates

2005-NC2

October 25, 2005 Distribution


DEFAULT SPEEDS



									Group 3		Group 2		Group 1		Total



MDR								0.01%		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								0.10%		0.00%		0.00%		0.05%
3 Months Avg CDR								0.03%		0.00%		0.00%		0.02%
12 Months Avg CDR								0.02%		0.00%		0.00%		0.01%
Avg CDR Since Cut-off								0.02%		0.00%		0.00%		0.01%


SDA								0.53%		0.00%		0.00%		0.25%
3 Months Avg SDA Approximation								0.20%		0.00%		0.00%		0.09%
12 Months Avg SDA Approximation								0.12%		0.00%		0.00%		0.06%
Avg SDA Since Cut-off Approximation								0.12%		0.00%		0.00%		0.06%


Loss Severity Approximation for Current Period								100.00%		0.00%		0.00%		100.00%
3 Months Avg Loss Severity Approximation								33.33%		0.00%		0.00%		33.33%
12 Months Avg Loss Severity Approximation								16.67%		0.00%		0.00%		16.67%
Avg Loss Severity Approximation Since Cut-off								16.67%		0.00%		0.00%		16.67%












Page 30 of 34
Morgan Stanley ABS Capital I Inc. 2005-NC2

Mortgage Pass-Through Certificates

2005-NC2

October 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 31 of 34
Morgan Stanley ABS Capital I Inc. 2005-NC2

Mortgage Pass-Through Certificates

2005-NC2

October 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)

1837412 3
			9.550%		TX - 20.00%		240		48,851.14				49,219.56		0.00



TOTAL									48,851.14			49,219.56		0.00



Page 32 of 34
Morgan Stanley ABS Capital I Inc. 2005-NC2

Mortgage Pass-Through Certificates

2005-NC2

October 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								23,438,321.34
						Ending Balance								1,236,152,062.05
						Prior Period Senior Enhancement Percentage								22.5309%



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 33 of 34
Morgan Stanley ABS Capital I Inc. 2005-NC2

Mortgage Pass-Through Certificates

2005-NC2

October 25, 2005 Distribution
Other Related Information
ADDITIONAL INFORMATION

								Group 3		Group 2		Group 1		Total
Current Scheduled Payments														8,522,842.75
Current Scheduled Payments 1 Month Prior														8,896,097.16
Current Scheduled Payments 2 Month Prior														9,222,856.58
Current Scheduled Payments 3 Month Prior														9,563,910.95
Current Scheduled Payments 4 Month Prior														9,781,303.73
Current Scheduled Payments 5 Month Prior														9,906,492.25
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 34 of 34

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