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

                                      FORM 8-K

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

             Date of Report (Date of earliest event reported): December 27, 2005
                             (Date of earliest event reported)


                                MORGAN STANLEY ABS CAPITAL I INC.
             (as Depositor under the Pooling and Servicing Agreement, dated as
                  May 1, 2005, providing for the issuance of Morgan Stanley
              Home Equity Loan Trust, Mortgage Pass-Through Certificates
                                      Series 2005-2)
                      (Exact name of registrant as specified in charter)


                                         DELAWARE
                     (State or Other Jurisdiction of Incorporation)

               333-121914-02                        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 Home Equity Loan Trust,
     Mortgage Pass-Through Certificates Series 2005-2, which was made on
     May 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
     December 27, 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:  Dec 29, 2005               By:  /s/  Katherine M. Wannenmacher
                                            Katherine M. Wannenmacher
                                            Vice President



                                   EXHIBIT INDEX

         DOCUMENT

         99.1 Monthly Remittance Statement to the Certificateholders dated as of
              December 27, 2005.



Morgan Stanley Home Equity Loan Trust 2005-2

Mortgage Pass-Through Certificates

2005-2

December 27, 2005 Distribution

				External Parties						Table of Contents

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

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

										6. REO Report					13

										7. Foreclosure Report					14
										8. Prepayment Report					16
										9. Prepayment Detail Report					19

										10. Realized Loss Report					22
										11. Realized Loss Detail Report					25
				Servicer(s)
										12. Triggers and Adj. Cert. Report					26
				J. P. Morgan
										13. Other Related Information					27
				HomeQ Servicing Corp.

				Countrywide Home Loans Srvc LP


				Underwriter(s)
				Morgan Stanley
				Blaylock & Partners, L.P.
				Utendahl Capital Partners, L.P.

										Total Number of Pages					27


				Dates						Contacts

				Cut-Off Date:			May 01, 2005			Marion Hogan
				Close Date:			May 26, 2005			Administrator
				First Distribution Date:			June 27, 2005			(714) 247-6282
										marion.c.hogan@db.com

										Address:
										1761 East St. Andrew Place, Santa Ana, CA 92705
				Distribution Date:			December 27, 2005
										Factor Information:			(800) 735-7777
				Record Date:			November 30, 2005
										Main Phone Number:			(714) 247-6000

							December 23, 2005


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






Page 1 of 27
Morgan Stanley Home Equity Loan Trust 2005-2

Mortgage Pass-Through Certificates

2005-2

December 27, 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	$	209,431,000.00		175,664,327.40		689,970.44		6,577,999.56		7,267,970.00		0.00		0.00		169,086,327.84

A-1mz	SR	$	52,358,000.00		43,916,291.54		173,859.72		1,644,507.74		1,818,367.46		0.00		0.00		42,271,783.80
A-2a	SR	$	288,963,000.00		203,404,123.62		774,517.70		14,268,231.56		15,042,749.26		0.00		0.00		189,135,892.06
A-2b	SR	$	100,000,000.00		100,000,000.00		392,333.33		0.00		392,333.33		0.00		0.00		100,000,000.00
A-2c	SR	$	80,000,000.00		80,000,000.00		320,977.78		0.00		320,977.78		0.00		0.00		80,000,000.00
M-1	MEZ,FLT	$	35,366,000.00		35,365,999.99		144,725.53		0.00		144,725.53		0.00		0.00		35,365,999.99
M-2	MEZ,FLT	$	25,721,000.00		25,721,000.00		105,713.31		0.00		105,713.31		0.00		0.00		25,721,000.00
M-3	MEZ,FLT	$	17,913,000.00		17,913,000.00		73,940.88		0.00		73,940.88		0.00		0.00		17,913,000.00
M-4	MEZ,FLT	$	16,535,000.00		16,535,000.00		70,898.41		0.00		70,898.41		0.00		0.00		16,535,000.00
M-5	MEZ,FLT	$	14,698,000.00		14,698,000.00		63,413.70		0.00		63,413.70		0.00		0.00		14,698,000.00
M-6	MEZ,FLT	$	14,698,000.00		14,698,000.00		64,066.95		0.00		64,066.95		0.00		0.00		14,698,000.00
B-1	SUB, FLT, S	$	12,400,000.00		12,400,000.00		59,451.11		0.00		59,451.11		0.00		0.00		12,400,000.00
B-2	SUB, FLT, S	$	11,942,000.00		11,942,000.00		58,104.46		0.00		58,104.46		0.00		0.00		11,942,000.00
B-3	SUB, FLT, S	$	10,105,000.00		10,105,000.00		52,669.51		0.00		52,669.51		0.00		0.00		10,105,000.00
X	EXE/WAC	$	28,477,345.00		28,476,827.70		1,221,217.64		0.00		1,221,217.64		0.00		0.00		28,476,827.70
P	NOF/EXE	$	0.00		0.00		627,694.83		0.00		627,694.83		0.00		0.00		0.00
R	RES/EXE	$	0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00

Total			918,607,345.00		790,839,570.25		4,893,555.30		22,490,738.86		27,384,294.16		0.00		0.00		768,348,831.39





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	11/25/05		12/26/05		A-Act/360		61744CQV1		209,431,000.00		838.769463		3.294500		31.408911		34.703411	807.360552
A-1mz	11/25/05		12/26/05		A-Act/360		61744CQU3		52,358,000.00		838.769463		3.320595		31.408911		34.729506	807.360552
A-2a	11/25/05		12/26/05		A-Act/360		61744CQG4		288,963,000.00		703.910617		2.680335		49.377365		52.057700	654.533252
A-2b	11/25/05		12/26/05		A-Act/360		61744CQH2		100,000,000.00		1,000.000000		3.923333		0.000000		3.923333	1,000.000000
A-2c	11/25/05		12/26/05		A-Act/360		61744CQJ8		80,000,000.00		1,000.000000		4.012222		0.000000		4.012222	1,000.000000
M-1	11/25/05		12/26/05		A-Act/360		61744CQK5		35,366,000.00		1,000.000000		4.092222		0.000000		4.092222	1,000.000000
M-2	11/25/05		12/26/05		A-Act/360		61744CQL3		25,721,000.00		1,000.000000		4.110000		0.000000		4.110000	1,000.000000
M-3	11/25/05		12/26/05		A-Act/360		61744CQM1		17,913,000.00		1,000.000000		4.127778		0.000000		4.127778	1,000.000000
M-4	11/25/05		12/26/05		A-Act/360		61744CQN9		16,535,000.00		1,000.000000		4.287778		0.000000		4.287778	1,000.000000
M-5	11/25/05		12/26/05		A-Act/360		61744CQP4		14,698,000.00		1,000.000000		4.314444		0.000000		4.314444	1,000.000000
M-6	11/25/05		12/26/05		A-Act/360		61744CQQ2		14,698,000.00		1,000.000000		4.358889		0.000000		4.358889	1,000.000000
B-1	11/25/05		12/26/05		A-Act/360		61744CQR0		12,400,000.00		1,000.000000		4.794444		0.000000		4.794444	1,000.000000
B-2	11/25/05		12/26/05		A-Act/360		61744CQS8		11,942,000.00		1,000.000000		4.865555		0.000000		4.865555	1,000.000000
B-3	11/25/05		12/26/05		A-Act/360		61744CQT6		10,105,000.00		1,000.000000		5.212223		0.000000		5.212223	1,000.000000
X	11/25/05		12/26/05				28,477,345.00		999.981835		42.883831		0.000000		42.883831		999.981835
P	11/25/05		12/26/05				0.00		0.000000		0.000000		0.000000		0.000000		0.000000
R	11/25/05		12/26/05				0.00		0.000000		0.000000		0.000000		0.000000		0.000000



Page 2 of 27
Morgan Stanley Home Equity Loan Trust 2005-2

Mortgage Pass-Through Certificates

2005-2

December 27, 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	209,431,000.00		4,458,714.48		39,500,726.54		843,945.62		40,344,672.16		44,803,386.64		0.00		0.00		169,086,327.84
A-1mz	52,358,000.00		1,124,795.97		9,875,228.78		210,987.41		10,086,216.20		11,211,012.17		0.00		0.00		42,271,783.80
A-2a	288,963,000.00		5,548,959.14		97,819,526.31		2,007,581.63		99,827,107.94		105,376,067.08		0.00		0.00		189,135,892.06
A-2b	100,000,000.00		2,314,430.94		0.00		0.00		0.00		2,314,430.94		0.00		0.00		100,000,000.00
A-2c	80,000,000.00		1,899,322.53		0.00		0.00		0.00		1,899,322.53		0.00		0.00		80,000,000.00
M-1	35,366,000.00		858,652.25		0.02		0.00		0.02		858,652.27		0.00		0.00		35,365,999.99
M-2	25,721,000.00		627,553.20		0.00		0.00		0.00		627,553.20		0.00		0.00		25,721,000.00
M-3	17,913,000.00		439,189.51		0.00		0.00		0.00		439,189.51		0.00		0.00		17,913,000.00
M-4	16,535,000.00		423,178.94		0.00		0.00		0.00		423,178.94		0.00		0.00		16,535,000.00
M-5	14,698,000.00		378,798.13		0.00		0.00		0.00		378,798.13		0.00		0.00		14,698,000.00
M-6	14,698,000.00		383,187.13		0.00		0.00		0.00		383,187.13		0.00		0.00		14,698,000.00
B-1	12,400,000.00		359,563.87		0.00		0.00		0.00		359,563.87		0.00		0.00		12,400,000.00
B-2	11,942,000.00		351,988.84		0.00		0.00		0.00		351,988.84		0.00		0.00		11,942,000.00
B-3	10,105,000.00		321,379.75		0.00		0.00		0.00		321,379.75		0.00		0.00		10,105,000.00
X	28,477,345.00		14,150,755.70		496.42		20.89		517.30		14,151,273.00		0.00		0.00		28,476,827.70
P	0.00		3,717,388.06		0.00		0.00		0.00		3,717,388.06		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	918,607,345.00		37,357,858.44		147,195,978.07		3,062,535.55		150,258,513.62		187,616,372.06		0.00		0.00		768,348,831.39


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	4.41875%		175,664,327.40		689,970.44		0.00		0.00		0.00		689,970.44		689,970.44		0.00
A-1mz	4.45375%		43,916,291.54		173,859.72		0.00		0.00		0.00		173,859.72		173,859.72		0.00
A-2a	4.28375%		203,404,123.62		774,517.70		0.00		0.00		0.00		774,517.70		774,517.70		0.00
A-2b	4.41375%		100,000,000.00		392,333.33		0.00		0.00		0.00		392,333.33		392,333.33		0.00
A-2c	4.51375%		80,000,000.00		320,977.78		0.00		0.00		0.00		320,977.78		320,977.78		0.00
M-1	4.60375%		35,365,999.99		144,725.53		0.00		0.00		0.00		144,725.53		144,725.53		0.00
M-2	4.62375%		25,721,000.00		105,713.31		0.00		0.00		0.00		105,713.31		105,713.31		0.00
M-3	4.64375%		17,913,000.00		73,940.88		0.00		0.00		0.00		73,940.88		73,940.88		0.00
M-4	4.82375%		16,535,000.00		70,898.41		0.00		0.00		0.00		70,898.41		70,898.41		0.00
M-5	4.85375%		14,698,000.00		63,413.70		0.00		0.00		0.00		63,413.70		63,413.70		0.00
M-6	4.90375%		14,698,000.00		64,066.95		0.00		0.00		0.00		64,066.95		64,066.95		0.00
B-1	5.39375%		12,400,000.00		59,451.11		0.00		0.00		0.00		59,451.11		59,451.11		0.00
B-2	5.47375%		11,942,000.00		58,104.46		0.00		0.00		0.00		58,104.46		58,104.46		0.00
B-3	5.86375%		10,105,000.00		52,669.51		0.00		0.00		0.00		52,669.51		52,669.51		0.00
X	48.24519%		28,476,827.70		0.00		0.00		0.00		0.00		0.00		1,221,217.64		0.00
P	0.00000%		0.00		0.00		0.00		0.00		0.00		0.00		627,694.83		0.00
R	0.00000%		0.00		0.00		0.00		0.00		0.00		0.00		0.00		0.00

Total			790,839,570.25		3,044,642.83		0.00		0.00		0.00		3,044,642.83		4,893,555.30		0.00



Page 3 of 27
Morgan Stanley Home Equity Loan Trust 2005-2

Mortgage Pass-Through Certificates

2005-2

December 27, 2005 Distribution
Collection Account Report
SUMMARY

										Group 2		Group 1		Total
Principal Collections										14,162,146.24		8,161,372.37		22,323,518.61
Principal Withrawals										0.00		0.00		0.00
Principal Other Accounts										0.00		0.00		0.00
TOTAL NET PRINCIPAL										14,162,146.24		8,161,372.37		22,323,518.61
Interest Collections										2,817,774.31		1,670,114.82		4,487,889.13
Interest Withdrawals										-0.00		-101.11		-101.11
Interest Other Accounts										379,718.39		247,976.44		627,694.83
Interest Fees										-34,533.01		-20,174.29		-54,707.29
TOTAL NET INTEREST										3,162,959.69		1,897,815.86		5,060,775.56
TOTAL AVAILABLE FUNDS FOR DISTRIBUTION										17,325,105.93		10,059,188.23		27,384,294.17



PRINCIPAL - COLLECTIONS

											Group 2		Group 1		Total
Scheduled Principal Received											238,769.71		174,030.13		412,799.84
Prepayments In Full											13,421,592.42		7,971,303.85		21,392,896.27
Curtailments											24,494.89		16,038.39		40,533.28
Liquidations											593,558.85		50,950.63		644,509.48
Insurance Principal											0.00		0.00		0.00
Repurchased Principal Amounts											0.00		0.00		0.00
Other Principal											0.00		0.00		0.00
Total Realized Loss Of Principal											-116,269.63		-50,950.63		-167,220.26
Delinquent Principal											-208,173.51		-152,245.31		-360,418.82
Advanced Principal											208,173.51		152,245.31		360,418.82
TOTAL PRINCIPAL COLLECTED											14,162,146.24		8,161,372.37		22,323,518.61


PRINCIPAL - WITHDRAWALS

SPACE INTENTIONALLY LEFT BLANK



PRINCIPAL - OTHER ACCOUNTS

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





Page 4 of 27
Morgan Stanley Home Equity Loan Trust 2005-2

Mortgage Pass-Through Certificates

2005-2

December 27, 2005 Distribution

INTEREST - COLLECTIONS

										Group 2		Group 1		Total
Scheduled Interest										2,991,303.68		1,770,156.81		4,761,460.49
Liquidation Interest										3,978.83		488.28		4,467.11
Repurchased Interest										0.00		0.00		0.00
Insurance Interest										0.00		0.00		0.00
Other Interest										0.00		0.00		0.00
Relief Act Interest Shortfalls										-0.00		-0.00		-0.00
Prepayment Interest Shortfalls										#######		-7,622.65		-22,014.90
Compensating Interest										14,392.25		7,622.66		22,014.90
Delinquent Interest										-2,538,424.18		-1,494,857.92		-4,033,282.10
Interest Advanced										2,360,915.98		1,394,327.67		3,755,243.65
TOTAL INTEREST COLLECTED										2,817,774.31		1,670,114.82		4,487,889.13


INTEREST - WITHDRAWALS

										Group 2		Group 1		Total
Nonrecoverable Advances
TOTAL INTEREST WITHDRAWALS										0.00		101.11		101.11



INTEREST - OTHER ACCOUNTS

										Group 2		Group 1		Total
Prepayment Charges										379,718.39		247,976.44		627,694.83
TOTAL INTEREST OTHER ACCOUNTS										379,718.39		247,976.44		627,694.83



INTEREST - FEES

										Group 2		Group 1		Total
Current Servicing Fees										32,475.17		19,002.86		51,478.03
Current Trustee Fees										2,057.84		1,171.42		3,229.26
TOTAL INTEREST OTHER FEES										34,533.01		20,174.29		54,707.29




Page 5 of 27
Morgan Stanley Home Equity Loan Trust 2005-2

Mortgage Pass-Through Certificates

2005-2

December 27, 2005 Distribution
Credit Enhancement Report
ACCOUNTS

										Group 2		Group 1		Total
Excess Reserve Fund Account Balance														0.00



INSURANCE

SPACE INTENTIONALLY LEFT BLANK



STRUCTURAL FEATURES

										Group 2		Group 1		Total
Specified Subordinated Target Amount														28,476,827.70
Subordinated Amount														28,476,827.70
Subordinated Deficiency Amount														0.00
Subordinated Release Amount														0.00




Page 6 of 27
Morgan Stanley Home Equity Loan Trust 2005-2

Mortgage Pass-Through Certificates

2005-2

December 27, 2005 Distribution
Collateral Report


COLLATERAL



											Group 2		Group 1		Total



Loan Count:


Original										3,029		2,893		5,922
Prior										2,653		2,596		5,249
Prefunding										0		0		0
Scheduled Paid Offs										-0		-0		-0
Full Voluntary Prepayments										-61		-63		-124
Repurchases										-0		-0		-0
Liquidations										-4		-1		-5
Current										2,588		2,532		5,120
Principal Balance:


Original										589,506,120.12		329,081,324.57		918,587,444.69
Prior										503,960,081.98		286,879,488.27		790,839,570.25
Prefunding										0.00		0.00		918,607,345.00
Scheduled Principal										-238,769.71		-174,030.13		-412,799.84
Partial Prepayments										-24,494.89		-16,038.39		-40,533.28
Full Voluntary Prepayments										-13,421,592.42		-7,971,303.85		-21,392,896.27
Repurchases										-0.00		-0.00		-0.00
Liquidations										-593,558.85		-50,950.63		-644,509.48
Current										489,681,666.11		278,667,165.27		768,348,831.38





PREFUNDING

										Group 2		Group 1		Total
Closing Date Deposit Amount										0.00		0.00		0.00
Total Original Principal Balance										0.00		0.00		918,607,345.00






Page 7 of 27
Morgan Stanley Home Equity Loan Trust 2005-2

Mortgage Pass-Through Certificates

2005-2

December 27, 2005 Distribution

CHARACTERISTICS

										Group 2		Group 1		Total
Weighted Average Coupon Original										7.16413%		7.41938%		7.25557%
Weighted Average Coupon Prior										7.14248%		7.42656%		7.24524%
Weighted Average Coupon Current										7.13219%		7.41974%		7.23650%
Weighted Average Months to Maturity Original										351		343		348
Weighted Average Months to Maturity Prior										346		337		343
Weighted Average Months to Maturity Current										345		336		342
Weighted Avg Remaining Amortization Term Original										351		343		348
Weighted Avg Remaining Amortization Term Prior										346		337		343
Weighted Avg Remaining Amortization Term Current										349		347		348
Weighted Average Seasoning Original										4.05		4.37		4.17
Weighted Average Seasoning Prior										9.00		9.32		9.12
Weighted Average Seasoning Current										10.00		10.31		10.11









Page 8 of 27
Morgan Stanley Home Equity Loan Trust 2005-2

Mortgage Pass-Through Certificates

2005-2

December 27, 2005 Distribution

ARM CHARACTERISTICS

										Group 2		Group 1		Total
Weighted Average Margin Original										6.36639%		6.41298%		6.38286%
Weighted Average Margin Prior										6.34710%		6.42372%		6.37446%
Weighted Average Margin Current										6.34116%		6.41356%		6.36712%
Weighted Average Max Rate Original										13.80902%		13.76266%		13.79263%
Weighted Average Max Rate Prior										13.78044%		13.75989%		13.77310%
Weighted Average Max Rate Current										13.76705%		13.75265%		13.76189%
Weighted Average Min Rate Original										7.00401%		7.15877%		7.05872%
Weighted Average Min Rate Prior										6.97730%		7.15826%		7.04192%
Weighted Average Min Rate Current										6.96746%		7.15083%		7.03322%
Weighted Average Cap Up Original										1.15781%		1.24236%		1.18770%
Weighted Average Cap Up Prior										1.15330%		1.24139%		1.18476%
Weighted Average Cap Up Current										1.15322%		1.24250%		1.18524%
Weighted Average Cap Down Original										1.15781%		1.24236%		1.18770%
Weighted Average Cap Down Prior										1.15330%		1.24139%		1.18476%
Weighted Average Cap Down Current										1.15322%		1.24250%		1.18524%




SERVICING FEES & ADVANCES

											Group 2		Group 1		Total




Current Servicing Fees										32,475.17		19,002.86		51,478.03
Delinquent Servicing Fees										177,508.19		100,530.26		278,038.45
TOTAL SERVICING FEES										209,983.37		119,533.12		329,516.49


Compensating Interest										-14,392.25		-7,622.66		-22,014.90
Delinquent Servicing Fees										-177,508.19		-100,530.26		-278,038.45
COLLECTED SERVICING FEES										-18,082.93		-11,380.21		-29,463.14


Aggregate Advances with respect to this Distribution										2,569,089.49		1,546,572.97		4,115,662.46





ADDITIONAL COLLATERAL INFORMATION
										Group 2		Group 1		Total
Net Prepayment Interest Shortfall										0.00		0.00		0.00
Libor For Current Period														4.193750%
Libor For Next Period														4.378750%




Page 9 of 27
Morgan Stanley Home Equity Loan Trust 2005-2

Mortgage Pass-Through Certificates

2005-2

December 27, 2005 Distribution
Delinquency Report

	TOTAL
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				14,790,486.93		4,375,655.75		2,881,594.99		22,047,737.67
			% Balance				1.92%		0.57%		0.38%		2.87%
			# Loans				102		37		28		167
			% # Loans				1.99%		0.72%		0.55%		3.26%
	FORECLOSURE		Balance		0.00		0.00		1,434,338.86		10,651,800.83		12,086,139.69
			% Balance		0.00%		0.00%		0.19%		1.39%		1.57%
			# Loans		0		0		11		75		86
			% # Loans		0.00%		0.00%		0.21%		1.46%		1.68%
	BANKRUPTCY		Balance		4,549,357.06		430,398.43		197,835.30		1,854,071.69		7,031,662.48
			% Balance		0.59%		0.06%		0.03%		0.24%		0.92%
			# Loans		39		6		4		19		68
			% # Loans		0.76%		0.12%		0.08%		0.37%		1.33%
	REO		Balance		0.00		0.00		0.00		917,324.10		917,324.10
			% Balance		0.00%		0.00%		0.00%		0.12%		0.12%
			# Loans		0		0		0		8		8
			% # Loans		0.00%		0.00%		0.00%		0.16%		0.16%
	TOTAL		Balance		4,549,357.06		15,220,885.36		6,007,829.91		16,304,791.61		42,082,863.94
			% Balance		0.59%		1.98%		0.78%		2.12%		5.48%
			# Loans		39		108		52		130		329
			% # Loans		0.76%		2.11%		1.02%		2.54%		6.43%








Page 10 of 27
Morgan Stanley Home Equity Loan Trust 2005-2

Mortgage Pass-Through Certificates

2005-2

December 27, 2005 Distribution


	GROUP 1
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				5,335,796.21		1,549,001.34		1,334,420.25		8,219,217.80
			% Balance				1.91%		0.56%		0.48%		2.95%
			# Loans				46		19		14		79
			% # Loans				1.82%		0.75%		0.55%		3.12%
	FORECLOSURE		Balance		0.00		0.00		92,940.34		3,792,824.78		3,885,765.12
			% Balance		0.00%		0.00%		0.03%		1.36%		1.39%
			# Loans		0		0		2		35		37
			% # Loans		0.00%		0.00%		0.08%		1.38%		1.46%
	BANKRUPTCY		Balance		1,942,078.81		203,763.06		117,838.63		793,877.26		3,057,557.76
			% Balance		0.70%		0.07%		0.04%		0.28%		1.10%
			# Loans		18		2		3		9		32
			% # Loans		0.71%		0.08%		0.12%		0.36%		1.26%
	REO		Balance		0.00		0.00		0.00		474,850.23		474,850.23
			% Balance		0.00%		0.00%		0.00%		0.17%		0.17%
			# Loans		0		0		0		5		5
			% # Loans		0.00%		0.00%		0.00%		0.20%		0.20%
	TOTAL		Balance		1,942,078.81		5,539,559.27		1,759,780.31		6,395,972.52		15,637,390.91
			% Balance		0.70%		1.99%		0.63%		2.30%		5.61%
			# Loans		18		48		24		63		153
			% # Loans		0.71%		1.90%		0.95%		2.49%		6.04%










Page 11 of 27
Morgan Stanley Home Equity Loan Trust 2005-2

Mortgage Pass-Through Certificates

2005-2

December 27, 2005 Distribution

	GROUP 2
					< 1 PAYMENT		1 PAYMENT		2 PAYMENTS		3+ PAYMENTS		TOTAL
	DELINQUENT		Balance				9,454,690.72		2,826,654.41		1,547,174.74		13,828,519.87
			% Balance				1.93%		0.58%		0.32%		2.82%
			# Loans				56		18		14		88
			% # Loans				2.16%		0.70%		0.54%		3.40%
	FORECLOSURE		Balance		0.00		0.00		1,341,398.52		6,858,976.05		8,200,374.57
			% Balance		0.00%		0.00%		0.27%		1.40%		1.67%
			# Loans		0		0		9		40		49
			% # Loans		0.00%		0.00%		0.35%		1.55%		1.89%
	BANKRUPTCY		Balance		2,607,278.25		226,635.37		79,996.67		1,060,194.43		3,974,104.72
			% Balance		0.53%		0.05%		0.02%		0.22%		0.81%
			# Loans		21		4		1		10		36
			% # Loans		0.81%		0.15%		0.04%		0.39%		1.39%
	REO		Balance		0.00		0.00		0.00		442,473.87		442,473.87
			% Balance		0.00%		0.00%		0.00%		0.09%		0.09%
			# Loans		0		0		0		3		3
			% # Loans		0.00%		0.00%		0.00%		0.12%		0.12%
	TOTAL		Balance		2,607,278.25		9,681,326.09		4,248,049.60		9,908,819.09		26,445,473.03
			% Balance		0.53%		1.98%		0.87%		2.02%		5.40%
			# Loans		21		60		28		67		176
			% # Loans		0.81%		2.32%		1.08%		2.59%		6.80%









Page 12 of 27
Morgan Stanley Home Equity Loan Trust 2005-2

Mortgage Pass-Through Certificates

2005-2

December 27, 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
322243734 1
			48,000.00		47,458.06		01-Apr-2005		8.000%		MO - 80.00%		360		01-Sep-2004

322554338 1			67,200.00		66,352.35		01-Apr-2005		8.450%		TX - 80.00%		360		01-Oct-2004
322597170 1			65,850.00		64,792.88		01-Feb-2005		6.500%		AZ - 79.97%		360		01-Aug-2004
323209791 1			94,500.00		93,852.79		01-Apr-2005		7.500%		MO - 90.00%		360		01-Apr-2005
323256347 1			204,000.00		202,394.15		01-Apr-2005		6.790%		CT - 80.00%		360		01-Apr-2005
19146711 2			100,000.00		98,804.72		01-Mar-2005		7.375%		NC - 80.00%		360		01-Oct-2004
323069542 2			78,200.00		77,926.72		01-Jun-2005		11.750%		MO - 85.00%		360		01-Feb-2005
412157532 2			268,000.00		265,742.43		01-Jan-2005		7.500%		CA - 80.00%		360		01-Feb-2005


TOTAL			925,750.00		917,324.10


Page 13 of 27
Morgan Stanley Home Equity Loan Trust 2005-2

Mortgage Pass-Through Certificates

2005-2

December 27, 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
19155548 1
			76,500.00		75,820.44		01-Mar-2005		8.500%		PA - 85.00%		360		01-Nov-2004

19157601 1			118,400.00		117,424.76		01-May-2005		8.875%		FL - 80.00%		360		01-Nov-2004
19157692 1			93,750.00		92,684.93		01-Feb-2005		7.250%		FL - 75.00%		360		01-Nov-2004
19642958 1			78,000.00		77,275.76		01-Jun-2005		7.000%		PA - 79.59%		360		01-Feb-2005
19644798 1			69,000.00		68,724.08		01-May-2005		11.125%		FL - 20.00%		180		01-Feb-2005
322569153 1			56,000.00		55,423.67		01-Jul-2005		8.125%		DE - 80.00%		360		01-Oct-2004
322571092 1			82,900.00		81,792.42		01-May-2005		6.400%		IN - 66.32%		360		01-Nov-2004
322585910 1			119,700.00		118,121.98		01-Jul-2005		6.850%		WI - 90.00%		360		01-Oct-2004
322964438 1			70,400.00		69,711.70		01-Feb-2005		7.625%		OH - 80.00%		360		01-Dec-2004
322966011 1			133,600.00		132,338.04		01-Jun-2005		7.375%		OR - 80.00%		360		01-Jan-2005
322967001 1			110,800.00		109,272.87		01-May-2005		5.375%		UT - 80.00%		360		01-Jan-2005
323067082 1			85,500.00		84,966.48		01-Feb-2005		8.999%		WI - 75.00%		360		01-Feb-2005
323068114 1			74,080.00		73,618.49		01-May-2005		9.875%		IN - 80.00%		360		01-Feb-2005
323074468 1			200,000.00		200,000.00		01-Apr-2005		6.800%		RI - 80.00%		360		01-Feb-2005
323074930 1			103,000.00		101,945.59		01-Jun-2005		6.490%		OH - 80.00%		360		01-Feb-2005
323075044 1			103,500.00		102,545.41		01-Jun-2005		7.250%		MI - 75.00%		360		01-Feb-2005
323075077 1			81,600.00		80,896.61		01-Jul-2005		7.500%		OH - 80.00%		360		01-Feb-2005
323077248 1			90,400.00		89,692.79		01-Mar-2005		7.875%		TX - 80.00%		360		01-Feb-2005
323195131 1			111,720.00		111,088.66		01-Apr-2005		8.999%		IN - 80.00%		360		01-Mar-2005
323197863 1			89,900.00		89,213.96		01-Apr-2005		8.000%		IN - 100.00%		360		01-Feb-2005
323198275 1			148,000.00		146,724.11		01-Jun-2005		6.875%		UT - 80.00%		360		01-Mar-2005
323199315 1			120,000.00		119,286.40		01-Apr-2005		8.749%		IL - 100.00%		360		01-Mar-2005
323201392 1			129,625.00		128,635.46		#######		7.500%		PA - 85.00%		360		01-Mar-2005
323202390 1			113,050.00		112,258.87		01-May-2005		7.390%		KY - 85.00%		360		01-Apr-2005
323207936 1			36,000.00		35,688.79		01-Aug-2005		7.125%		IL - 75.00%		360		01-Apr-2005
323209692 1			78,000.00		77,594.75		01-Apr-2005		9.000%		KY - 100.00%		360		01-Apr-2005
323209817 1			57,600.00		57,251.55		01-Aug-2005		8.125%		MO - 80.00%		360		01-Apr-2005
323210351 1			42,400.00		42,179.66		01-Jun-2005		8.875%		KS - 80.00%		360		01-Apr-2005
323212126 1			234,000.00		234,000.00		01-May-2005		9.375%		WA - 90.00%		360		01-Mar-2005
323255497 1			95,500.00		94,889.73		01-May-2005		7.850%		WI - 73.46%		360		01-Apr-2005
323279836 1			81,600.00		81,190.82		01-Jul-2005		9.050%		OH - 80.00%		360		01-Apr-2005
402136342 1			153,000.00		151,408.62		01-Mar-2005		9.600%		IN - 90.00%		360		01-May-2004
407305946 1			140,000.00		138,371.28		01-May-2005		7.500%		CT - 80.00%		360		01-Oct-2004
408131482 1			70,000.00		69,298.50		01-Jul-2005		7.499%		OR - 77.78%		360		01-Dec-2004
409305930 1			123,250.00		122,262.09		01-Apr-2005		8.625%		CT - 85.00%		360		01-Dec-2004
411026392 1			110,500.00		109,510.82		01-May-2005		7.650%		WA - 85.00%		360		01-Jan-2005
412077173 1			234,400.00		232,655.03		01-Jun-2005		8.125%		FL - 80.00%		360		01-Feb-2005
19147404 2			106,250.00		105,069.17		01-Aug-2005		7.750%		IL - 85.00%		360		01-Oct-2004
19151620 2			272,000.00		268,448.27		01-Apr-2005		7.000%		FL - 80.00%		360		01-Oct-2004
19152966 2			216,000.00		216,000.00		01-Apr-2005		6.875%		CA - 80.00%		360		01-Oct-2004
19642339 2			123,750.00		122,636.54		01-Jun-2005		7.625%		IL - 75.00%		360		01-Jan-2005
19642859 2			62,050.00		61,606.45		01-Jul-2005		8.625%		IN - 85.00%		360		01-Feb-2005
19646231 2			103,500.00		102,766.28		01-May-2005		7.875%		MI - 90.00%		360		01-Mar-2005
322244039 2			213,600.00		210,608.79		01-Jun-2005		8.050%		KY - 80.00%		360		01-Sep-2004
322591611 2			107,532.00		106,244.57		01-Jul-2005		7.700%		MI - 80.00%		360		01-Sep-2004
322964172 2			156,000.00		154,376.75		01-Jun-2005		6.875%		CO - 80.00%		360		01-Jan-2005
322964966 2			78,210.00		77,763.72		01-May-2005		9.875%		OK - 90.00%		360		01-Jan-2005
322965534 2			93,420.00		92,914.06		01-Jul-2005		10.125%		IL - 90.00%		360		01-Jan-2005
322966672 2			427,500.00		427,449.22		01-Jun-2005		6.875%		CA - 90.00%		360		01-Jan-2005


Page 14 of 27
Morgan Stanley Home Equity Loan Trust 2005-2

Mortgage Pass-Through Certificates

2005-2

December 27, 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
322966805 2
			83,000.00		82,004.26		01-Jul-2005		6.125%		IN - 100.00%		360		01-Jan-2005

323066027 2			364,000.00		361,670.37		01-Jun-2005		8.875%		MA - 80.00%		360		01-Feb-2005
323067561 2			58,500.00		58,127.20		01-Mar-2005		9.250%		IN - 90.00%		360		01-Feb-2005
323068171 2			41,650.00		41,390.08		01-Apr-2005		9.000%		IN - 85.00%		360		01-Feb-2005
323069005 2			30,600.00		30,504.12		01-Apr-2005		12.249%		KS - 85.00%		360		01-Feb-2005
323069369 2			415,200.00		411,870.42		01-Mar-2005		7.750%		MA - 80.00%		360		01-Feb-2005
323069377 2			103,800.00		103,286.91		01-Apr-2005		10.125%		MA - 20.00%		180		01-Feb-2005
323071480 2			205,905.00		205,905.00		15-Jul-2005		6.990%		NY - 75.00%		360		15-Jan-2005
323072603 2			348,000.00		344,000.24		01-Jun-2005		5.875%		MD - 80.00%		360		01-Feb-2005
323196345 2			231,920.00		229,920.57		01-Aug-2005		6.875%		CT - 80.00%		360		01-Mar-2005
323198952 2			63,000.00		62,595.84		01-Jul-2005		8.375%		IA - 90.00%		360		01-Mar-2005
323202101 2			99,720.00		98,954.36		01-Jul-2005		7.970%		IN - 86.11%		360		01-Feb-2005
323202317 2			158,400.00		157,054.00		01-Aug-2005		6.950%		IN - 80.00%		360		01-Mar-2005
323206284 2			130,900.00		129,977.71		01-Mar-2005		8.400%		KY - 85.00%		360		01-Feb-2005
323206425 2			195,500.00		194,132.22		01-Aug-2005		7.950%		CO - 85.00%		360		01-Mar-2005
323209510 2			500,000.00		496,659.00		01-Jun-2005		7.625%		OH - 80.00%		360		01-Apr-2005
323213793 2			279,000.00		279,000.00		01-Jul-2005		9.750%		WA - 100.00%		360		01-Mar-2005
323270256 2			96,000.00		95,332.90		01-Aug-2005		7.790%		FL - 80.00%		360		01-Apr-2005
323271734 2			72,000.00		71,546.01		01-Aug-2005		8.900%		IN - 100.00%		360		01-Apr-2005
323272344 2			214,000.00		212,597.68		01-Jun-2005		8.000%		WI - 78.10%		360		01-Apr-2005
323274159 2			84,000.00		83,424.71		01-Jun-2005		7.500%		CA - 80.00%		360		01-Apr-2005
323274688 2			208,000.00		206,520.03		01-Jul-2005		7.875%		CA - 80.00%		360		01-Apr-2005
323276758 2			130,400.00		129,315.74		01-May-2005		6.500%		CO - 80.00%		360		01-Apr-2005
323277731 2			175,750.00		174,659.94		01-Jul-2005		8.000%		WA - 95.00%		360		01-Apr-2005
323278333 2			180,000.00		178,797.23		01-Apr-2005		7.625%		IL - 72.67%		360		01-Apr-2005
323278556 2			117,600.00		116,892.54		01-Jun-2005		8.500%		TX - 80.00%		360		01-Apr-2005
323279224 2			212,000.00		210,611.54		01-Jul-2005		7.150%		FL - 80.00%		360		01-May-2005
323279653 2			164,800.00		164,019.57		01-Jul-2005		9.050%		MI - 80.00%		360		01-May-2005
323279992 2			95,000.00		94,599.33		01-Aug-2005		9.300%		TN - 100.00%		360		01-May-2005
409133781 2			184,450.00		182,771.73		01-May-2005		7.990%		MD - 85.00%		360		01-Dec-2004
410073945 2			154,615.00		153,210.67		01-Feb-2005		7.999%		OH - 85.00%		360		01-Dec-2004
411026511 2			151,920.00		150,742.24		01-Mar-2005		8.375%		NH - 80.00%		360		01-Jan-2005
411188457 2			81,000.00		80,323.13		01-Feb-2005		7.999%		IN - 90.00%		360		01-Jan-2005
412065111 2			73,100.00		72,604.27		01-Mar-2005		8.590%		FL - 85.00%		360		01-Feb-2005
412077108 2			220,000.00		218,283.39		01-Mar-2005		7.990%		NY - 67.18%		360		01-Feb-2005
412080381 2			189,600.00		187,839.32		01-Aug-2005		6.999%		GA - 80.00%		360		01-Feb-2005
412236584 2			184,500.00		183,346.48		01-Jun-2005		8.990%		CT - 90.00%		360		01-Feb-2005


TOTAL			12,173,317.00		12,086,139.69


Page 15 of 27
Morgan Stanley Home Equity Loan Trust 2005-2

Mortgage Pass-Through Certificates

2005-2

December 27, 2005 Distribution
Prepayment Report

VOLUNTARY PREPAYMENTS


											Group 2		Group 1		Total




Current


Number of Paid in Full Loans										61		63		124
Number of Repurchased Loans										0		0		0
Total Number of Loans Prepaid in Full										61		63		124
Curtailments Amount										24,494.89		16,038.39		40,533.28
Paid in Full Balance										13,421,592.42		7,971,303.85		21,392,896.27
Repurchased Loans Balance										0.00		0.00		0.00
Total Prepayment Amount										13,446,087.31		7,987,342.24		21,433,429.55

Cumulative


Number of Paid in Full Loans										436		359		795
Number of Repurchased Loans										0		0		0
Total Number of Loans Prepaid in Full										436		359		795
Paid in Full Balance										97,025,195.69		48,901,305.94		145,926,501.63
Repurchased Loans Balance										0.00		0.00		0.00
Curtailments Amount										383,198.77		162,653.14		545,851.91
Total Prepayment Amount										97,408,394.46		49,063,959.08		146,472,353.54










Page 16 of 27
Morgan Stanley Home Equity Loan Trust 2005-2

Mortgage Pass-Through Certificates

2005-2

December 27, 2005 Distribution

VOLUNTARY PREPAYMENTS RATES


											Group 2		Group 1		Total



SMM										2.79%		2.80%		2.79%
3 Months Avg SMM										3.15%		2.44%		2.90%
12 Months Avg SMM										2.57%		2.29%		2.47%
Avg SMM Since Cut-off										2.57%		2.29%		2.47%


CPR										28.77%		28.91%		28.82%
3 Months Avg CPR										31.88%		25.69%		29.71%
12 Months Avg CPR										26.84%		24.27%		25.92%
Avg CPR Since Cut-off										26.84%		24.27%		25.92%


PSA										1,438.24%		1,402.03%		1,424.85%
3 Months Avg PSA Approximation										1,770.28%		1,378.41%		1,629.31%
12 Months Avg PSA Approximation										1,910.45%		1,654.72%		1,816.49%
Avg PSA Since Cut-off Approximation										1,910.44%		1,654.72%		1,816.49%










Page 17 of 27
Morgan Stanley Home Equity Loan Trust 2005-2

Mortgage Pass-Through Certificates

2005-2

December 27, 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 18 of 27
Morgan Stanley Home Equity Loan Trust 2005-2

Mortgage Pass-Through Certificates

2005-2

December 27, 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

19160688 1		FCL	75,000.00		73,933.30			30-Nov-2005		6.125%		OR - 57.69%		Paid Off - 360		01-Nov-2004

19160845 1			164,000.00		162,008.75			07-Nov-2005		6.500%		CA - 72.89%		Paid Off - 360		01-Nov-2004
19641968 2			108,000.00		106,869.97			03-Nov-2005		6.375%		AZ - 80.00%		Paid Off - 360		01-Jan-2005
19642271 2			186,500.00		184,809.80			14-Nov-2005		7.125%		CA - 77.41%		Paid Off - 360		01-Jan-2005
19643402 2		FCL	305,600.00		305,600.00			30-Nov-2005		7.125%		CA - 80.00%		Paid Off - 360		01-Feb-2005
19643931 2			111,200.00		110,504.49			21-Nov-2005		8.500%		NV - 19.86%		Paid Off - 180		01-Feb-2005
19645423 2			180,000.00		178,602.45			02-Nov-2005		6.875%		IL - 69.23%		Paid Off - 360		01-Mar-2005
19646512 2			120,000.00		119,114.38			14-Nov-2005		7.750%		AZ - 80.00%		Paid Off - 360		01-Feb-2005
19646520 2			30,000.00		29,879.22			14-Nov-2005		10.625%		AZ - 20.00%		Paid Off - 360		01-Feb-2005
19647296 2			128,000.00		126,745.10			07-Nov-2005		5.625%		AZ - 80.00%		Paid Off - 360		01-Mar-2005
19647429 2			314,500.00		312,822.90			02-Nov-2005		8.750%		AZ - 85.00%		Paid Off - 360		01-Mar-2005
322562315 1			82,480.00		82,480.00			22-Nov-2005		7.000%		OH - 80.00%		Paid Off - 360		01-Nov-2004
322569336 1			300,000.00		300,000.00			02-Dec-2005		6.000%		MD - 75.00%		Paid Off - 360		01-Oct-2004
322569948 2			171,500.00		169,744.99			29-Nov-2005		7.410%		VA - 89.79%		Paid Off - 360		01-Nov-2004
322963968 2			32,980.00		32,889.72			07-Dec-2005		12.865%		AZ - 20.00%		Paid Off - 180		01-Jan-2005
322963976 1			131,920.00		131,920.00			08-Dec-2005		8.375%		AZ - 80.00%		Paid Off - 360		01-Jan-2005
322964289 2			357,000.00		356,394.37			28-Nov-2005		5.500%		CA - 85.00%		Paid Off - 360		01-Jan-2005
322964396 1			28,840.00		28,724.63			21-Nov-2005		11.125%		CA - 20.00%		Paid Off - 180		01-Jan-2005
322964404 1			115,360.00		114,181.30			21-Nov-2005		6.500%		CA - 80.00%		Paid Off - 360		01-Jan-2005
322964669 1			107,000.00		106,307.30			02-Dec-2005		8.875%		AZ - 100.00%		Paid Off - 360		01-Jan-2005
322964719 1			34,760.00		34,439.53			13-Dec-2005		7.500%		IN - 84.99%		Paid Off - 360		01-Dec-2004
322965658 1			23,240.00		23,147.04			08-Dec-2005		11.125%		FL - 20.00%		Paid Off - 180		01-Jan-2005
322965666 1			92,960.00		92,137.76			08-Dec-2005		7.250%		FL - 80.00%		Paid Off - 360		01-Jan-2005
322965971 1			110,700.00		110,700.00			25-Nov-2005		10.625%		NM - 90.00%		Paid Off - 360		01-Jan-2005
322966938 1			170,000.00		169,498.23			01-Dec-2005		6.750%		AZ - 100.00%		Paid Off - 360		01-Jan-2005
323065391 2			272,000.00		270,214.37			30-Nov-2005		8.750%		CA - 80.00%		Paid Off - 360		01-Jan-2005
323065763 2			205,070.00		203,542.62			17-Nov-2005		7.625%		AZ - 95.00%		Paid Off - 360		01-Feb-2005
323066340 2			229,600.00		229,600.00			14-Dec-2005		6.750%		CA - 80.00%		Paid Off - 360		01-Jan-2005
323066423 1			144,000.00		143,178.71			30-Nov-2005		9.000%		FL - 80.00%		Paid Off - 360		01-Feb-2005
323066480 1			43,040.00		42,858.45			14-Dec-2005		10.875%		CA - 15.00%		Paid Off - 180		01-Jan-2005
323066787 1			114,800.00		114,006.05			17-Nov-2005		7.999%		AZ - 70.00%		Paid Off - 360		01-Feb-2005
323067124 1			139,920.00		138,653.86			14-Dec-2005		6.625%		WA - 80.00%		Paid Off - 360		01-Feb-2005
323067322 2			117,000.00		116,433.74			17-Nov-2005		9.750%		MI - 90.00%		Paid Off - 360		01-Feb-2005
323067520 1			121,600.00		120,473.37			30-Nov-2005		6.499%		AZ - 80.00%		Paid Off - 360		01-Feb-2005
323068387 1			35,500.00		35,360.79			17-Nov-2005		10.750%		MO - 100.00%		Paid Off - 360		01-Feb-2005
323068635 2			199,920.00		198,247.60			09-Dec-2005		7.249%		MD - 80.00%		Paid Off - 360		01-Feb-2005
323068643 1			49,980.00		49,710.03			09-Dec-2005		9.625%		MD - 20.00%		Paid Off - 180		01-Feb-2005
323069575 1			85,000.00		84,231.19			25-Nov-2005		6.625%		CO - 38.46%		Paid Off - 360		01-Feb-2005
323072306 2			106,250.00		105,427.70			06-Dec-2005		7.430%		FL - 85.00%		Paid Off - 360		01-Feb-2005
323073619 1			320,000.00		317,021.41			23-Nov-2005		6.500%		CA - 60.72%		Paid Off - 360		01-Feb-2005
323073718 1			220,000.00		220,000.00			21-Nov-2005		6.990%		CA - 80.00%		Paid Off - 360		01-Feb-2005


Page 19 of 27
Morgan Stanley Home Equity Loan Trust 2005-2

Mortgage Pass-Through Certificates

2005-2

December 27, 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

323076182 1			42,250.00		42,072.34			16-Nov-2005		9.900%		FL - 25.00%		Paid Off - 180		01-Mar-2005

323076695 1			124,000.00		124,000.00			14-Dec-2005		6.850%		AZ - 80.00%		Paid Off - 360		01-Feb-2005
323076703 1			#######		27,388.81			14-Dec-2005		10.750%		AZ - 17.74%		Paid Off - 180		01-Feb-2005
323076844 1			65,000.00		64,731.29			09-Dec-2005		10.500%		AZ - 20.00%		Paid Off - 180		01-Feb-2005
323195693 1			119,000.00		118,310.18			14-Dec-2005		8.875%		FL - 100.00%		Paid Off - 360		01-Feb-2005
323195966 2			81,000.00		80,467.17			22-Nov-2005		8.250%		IL - 90.00%		Paid Off - 360		01-Feb-2005
323196089 1			134,190.00		133,247.88			06-Dec-2005		7.374%		AZ - 94.99%		Paid Off - 360		01-Mar-2005
323196261 2			596,000.00		596,000.00			02-Dec-2005		6.375%		CA - 80.00%		Paid Off - 360		01-Mar-2005
323196360 2			188,000.00		187,403.43			07-Dec-2005		7.625%		MA - 80.00%		Paid Off - 360		01-Feb-2005
323196956 1			39,400.00		39,241.99			29-Nov-2005		10.125%		AZ - 20.00%		Paid Off - 180		01-Mar-2005
323196964 2			157,600.00		156,225.55			29-Nov-2005		6.250%		AZ - 80.00%		Paid Off - 360		01-Mar-2005
323196998 1			124,000.00		123,286.66			25-Nov-2005		8.375%		MA - 80.00%		Paid Off - 360		01-Mar-2005
323197061 2			391,920.00		391,919.95			15-Dec-2005		5.750%		CA - 80.00%		Paid Off - 360		01-Mar-2005
323197798 2			164,900.00		164,900.00			30-Nov-2005		8.000%		DC - 100.00%		Paid Off - 360		01-Mar-2005
323197921 1			136,640.00		135,461.99			01-Dec-2005		6.875%		CA - 80.00%		Paid Off - 360		01-Feb-2005
323198135 2			222,320.00		220,908.50			01-Dec-2005		8.875%		CA - 80.00%		Paid Off - 360		01-Mar-2005
323198846 2			508,000.00		508,000.00			05-Dec-2005		5.750%		CA - 80.00%		Paid Off - 360		01-Dec-2004
323199018 1			216,750.00		216,750.00			05-Dec-2005		8.750%		CA - 85.00%		Paid Off - 360		01-Mar-2005
323199141 1			116,370.00		115,765.17			29-Nov-2005		8.875%		IA - 95.00%		Paid Off - 360		01-Mar-2005
323200972 2			265,000.00		262,689.31			08-Dec-2005		6.250%		NJ - 69.92%		Paid Off - 360		01-Mar-2005
323201285 2			203,200.00		201,570.83			30-Nov-2005		6.690%		VA - 80.00%		Paid Off - 360		01-Mar-2005
323201335 2			165,000.00		163,688.07			29-Nov-2005		6.750%		MD - 68.75%		Paid Off - 360		01-Mar-2005
323201418 1			95,000.00		94,255.45			30-Nov-2005		7.100%		VA - 78.51%		Paid Off - 360		01-Mar-2005
323201541 2			50,800.00		50,286.38			30-Nov-2005		11.500%		VA - 20.00%		Paid Off - 240		24-Feb-2005
323202630 1			58,000.00		57,785.13			18-Nov-2005		10.500%		CA - 20.00%		Paid Off - 180		01-Mar-2005
323202739 1			59,129.00		58,921.30			21-Nov-2005		10.750%		CA - 20.00%		Paid Off - 180		01-Mar-2005
323202762 1			275,000.00		275,000.00			14-Dec-2005		5.590%		CA - 87.30%		Paid Off - 360		01-Mar-2005
323202812 2			561,900.00		561,900.00			22-Nov-2005		6.250%		CA - 74.92%		Paid Off - 360		01-Mar-2005
323204024 1			157,250.00		156,118.94			17-Nov-2005		7.250%		FL - 85.00%		Paid Off - 360		01-Mar-2005
323204115 1			277,000.00		277,000.00			13-Dec-2005		8.100%		FL - 89.35%		Paid Off - 360		01-Mar-2005
323205070 2			178,500.00		178,500.00			08-Dec-2005		6.990%		AZ - 83.06%		Paid Off - 360		01-Mar-2005
323205476 1			280,000.00		279,992.99			30-Nov-2005		6.250%		AZ - 80.00%		Paid Off - 360		01-Mar-2005
323205922 1			134,100.00		133,039.21			23-Nov-2005		6.990%		PA - 90.00%		Paid Off - 360		01-Mar-2005
323207548 2			621,000.00		621,000.00			30-Nov-2005		7.999%		VA - 90.00%		Paid Off - 360		01-Mar-2005
323210054 1			160,000.00		160,000.00			17-Nov-2005		6.750%		AZ - 80.00%		Paid Off - 360		01-Apr-2005
323210773 1			104,000.00		103,556.87			17-Nov-2005		9.250%		FL - 80.00%		Paid Off - 360		01-Apr-2005
323210815 1			166,000.00		165,963.21			01-Dec-2005		7.500%		MD - 100.00%		Paid Off - 360		01-Apr-2005
323211730 2			150,300.00		149,316.20			07-Dec-2005		7.249%		FL - 90.00%		Paid Off - 360		01-Apr-2005
323213421 1			163,800.00		162,501.71			13-Dec-2005		6.750%		DC - 70.00%		Paid Off - 360		01-Mar-2005
323213470 1			130,530.00		130,530.00			13-Dec-2005		6.750%		AZ - 80.00%		Paid Off - 360		01-Apr-2005
323213488 1			32,640.00		32,524.14			13-Dec-2005		10.125%		AZ - 20.00%		Paid Off - 180		01-Apr-2005
323214155 1			64,000.00		63,581.90			23-Nov-2005		7.125%		AR - 80.00%		Paid Off - 360		01-Apr-2005
323214288 2			464,000.00		464,000.00			18-Nov-2005		8.875%		CA - 80.00%		Paid Off - 360		01-Apr-2005


Page 20 of 27
Morgan Stanley Home Equity Loan Trust 2005-2

Mortgage Pass-Through Certificates

2005-2

December 27, 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

323214676 2			378,250.00		378,224.85			30-Nov-2005		6.875%		CA - 85.00%		Paid Off - 360		01-Apr-2005

323255661 2			289,600.00		287,140.14			18-Nov-2005		5.750%		CA - 80.00%		Paid Off - 360		01-Apr-2005
323257030 1			202,500.00		202,496.00			01-Dec-2005		7.000%		FL - 90.00%		Paid Off - 360		01-Apr-2005
323257568 1			98,000.00		97,268.13			25-Nov-2005		7.590%		MO - 79.03%		Paid Off - 360		01-Apr-2005
323258848 2			72,400.00		72,203.35			18-Nov-2005		11.375%		CA - 20.00%		Paid Off - 180		01-Apr-2005
323259168 1			49,000.00		48,846.03			05-Dec-2005		10.700%		FL - 20.00%		Paid Off - 180		01-Apr-2005
323269712 2			266,400.00		264,696.60			29-Nov-2005		7.350%		IN - 80.00%		Paid Off - 360		01-Apr-2005
323269720 2			66,600.00		66,410.04			29-Nov-2005		11.150%		IN - 20.00%		Paid Off - 180		01-Apr-2005
323270165 1			145,000.00		144,248.32			15-Dec-2005		8.290%		MA - 78.38%		Paid Off - 360		01-Apr-2005
323270215 1			300,000.00		298,318.28			05-Dec-2005		7.900%		NC - 60.00%		Paid Off - 360		01-Apr-2005
323270561 2			175,000.00		173,780.12			22-Nov-2005		6.790%		FL - 61.40%		Paid Off - 360		01-Apr-2005
323270926 2			232,500.00		230,990.13			06-Dec-2005		6.450%		FL - 75.00%		Paid Off - 360		01-May-2005
323270983 2			214,900.00		213,995.00			06-Dec-2005		6.700%		FL - 70.00%		Paid Off - 360		01-May-2005
323271775 2			55,000.00		54,772.83			29-Nov-2005		9.400%		FL - 61.11%		Paid Off - 360		01-Apr-2005
323272062 2			246,400.00		246,400.00			06-Dec-2005		7.650%		VA - 80.00%		Paid Off - 360		01-Apr-2005
323272377 2			233,750.00		233,750.00			01-Dec-2005		7.650%		VA - 85.00%		Paid Off - 360		01-May-2005
323273797 2			157,500.00		156,800.63			28-Nov-2005		9.050%		OH - 70.00%		Paid Off - 360		01-Apr-2005
323274258 2			412,000.00		412,000.00			14-Dec-2005		6.500%		CA - 80.00%		Paid Off - 360		01-Apr-2005
323274266 2			103,000.00		102,549.65			14-Dec-2005		9.125%		CA - 20.00%		Paid Off - 360		01-Apr-2005
323274332 2			99,200.00		98,760.90			22-Nov-2005		9.125%		CA - 80.00%		Paid Off - 360		01-Apr-2005
323274373 2			59,200.00		59,010.01			08-Dec-2005		10.625%		CA - 20.00%		Paid Off - 360		01-Apr-2005
323275453 2			180,000.00		178,322.63			13-Dec-2005		5.250%		CA - 73.47%		Paid Off - 360		01-Apr-2005
323276568 1			180,800.00		180,800.00			25-Nov-2005		6.125%		AZ - 80.00%		Paid Off - 360		01-Apr-2005
323276576 2			45,200.00		45,007.40			25-Nov-2005		9.250%		AZ - 20.00%		Paid Off - 360		01-Apr-2005
323277228 2			340,000.00		338,223.21			05-Dec-2005		8.250%		CA - 80.00%		Paid Off - 360		01-Apr-2005
323277269 2			440,000.00		437,055.10			28-Nov-2005		7.000%		CA - 80.00%		Paid Off - 360		01-Apr-2005
323277277 2			82,500.00		82,174.82			28-Nov-2005		9.625%		CA - 15.00%		Paid Off - 360		01-Apr-2005
323278440 2			263,000.00		261,517.93			16-Nov-2005		7.875%		MI - 99.25%		Paid Off - 360		01-Apr-2005
323279083 2			308,750.00		307,267.54			17-Nov-2005		7.990%		FL - 95.00%		Paid Off - 360		01-May-2005
323279497 2			49,500.00		49,342.48			18-Nov-2005		9.990%		FL - 90.00%		Paid Off - 360		01-May-2005
323280370 1			130,500.00		129,880.88			23-Nov-2005		8.050%		WI - 75.00%		Paid Off - 360		01-May-2005
323280909 1			97,500.00		96,683.92			12-Dec-2005		7.250%		CA - 75.00%		Paid Off - 360		01-Feb-2005
323281139 1			173,940.00		172,709.54			30-Nov-2005		6.000%		CA - 78.00%		Paid Off - 360		01-May-2005
409294519 1			152,000.00		150,504.63			17-Nov-2005		6.699%		MI - 89.94%		Paid Off - 360		01-Jan-2005
410086242 1			109,600.00		108,638.02			02-Nov-2005		7.750%		AZ - 80.00%		Paid Off - 360		01-Dec-2004
410142846 2			245,600.00		243,264.13			22-Nov-2005		6.875%		NY - 80.00%		Paid Off - 360		01-Jan-2005
410199499 2			312,000.00		311,714.12			17-Nov-2005		7.375%		CA - 80.00%		Paid Off - 360		01-Jan-2005
411083424 1			106,400.00		105,646.57			29-Nov-2005		8.375%		NM - 80.00%		Paid Off - 360		01-Jan-2005
412088842 1			111,920.00		111,144.56			21-Nov-2005		7.990%		VA - 80.00%		Paid Off - 360		01-Feb-2005
412169940 1			139,000.00		138,120.11			04-Nov-2005		8.750%		CA - 74.53%		Paid Off - 360		01-Feb-2005


TOTAL			21,480,619.00		21,392,896.27



Page 21 of 27
Morgan Stanley Home Equity Loan Trust 2005-2

Mortgage Pass-Through Certificates

2005-2

December 27, 2005 Distribution
Realized Loss Report

COLLATERAL REALIZED LOSSES



											Group 2		Group 1		Total


Current




Number of Loans Liquidated										4		1		5
Collateral Principal Realized Loss/(Gain) Amount										116,269.63		50,950.63		167,220.26
Collateral Interest Realized Loss/(Gain) Amount										0.00		101.11		101.11
Net Liquidation Proceeds										477,289.22		(101.11)		477,188.11

Cumulative




Number of Loans Liquidated										5		2		7
Collateral Realized Loss/(Gain) Amount										156,531.96		70,004.15		226,536.11
Net Liquidation Proceeds										477,289.22		0.00		477,289.22










Page 22 of 27
Morgan Stanley Home Equity Loan Trust 2005-2

Mortgage Pass-Through Certificates

2005-2

December 27, 2005 Distribution


DEFAULT SPEEDS



											Group 2		Group 1		Total



MDR										0.12%		0.02%		0.08%
3 Months Avg MDR										0.04%		0.01%		0.03%
12 Months Avg MDR										0.02%		0.00%		0.01%
Avg MDR Since Cut-off										0.02%		0.00%		0.01%


CDR										1.40%		0.21%		0.97%
3 Months Avg CDR										0.50%		0.10%		0.35%
12 Months Avg CDR										0.22%		0.04%		0.15%
Avg CDR Since Cut-off										0.22%		0.04%		0.15%


SDA										7.02%		1.03%		4.81%
3 Months Avg SDA Approximation										2.78%		0.52%		1.94%
12 Months Avg SDA Approximation										1.53%		0.28%		1.07%
Avg SDA Since Cut-off Approximation										1.53%		0.28%		1.07%


Loss Severity Approximation for Current Period										19.59%		100.00%		25.95%
3 Months Avg Loss Severity Approximation										39.86%		66.67%		41.98%
12 Months Avg Loss Severity Approximation										17.08%		28.57%		17.99%
Avg Loss Severity Approximation Since Cut-off										17.08%		28.57%		17.99%












Page 23 of 27
Morgan Stanley Home Equity Loan Trust 2005-2

Mortgage Pass-Through Certificates

2005-2

December 27, 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 24 of 27
Morgan Stanley Home Equity Loan Trust 2005-2

Mortgage Pass-Through Certificates

2005-2

December 27, 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)

323205559 1
			11.500%		UT - 20.00%		180		50,950.63				51,051.74		0.00

19647809 2			7.500%		MA - 90.00%		360		157,190.78				9,260.82		0.00
323069476 2			9.250%		UT - 80.00%		360		151,184.07				0.00		0.00
323205534 2			6.990%		UT - 80.00%		360		204,000.00				57,701.45		0.00
412021715 2			9.500%		MO - 85.00%		360		81,184.00				49,307.36		0.00


TOTAL									644,509.48			167,321.37		0.00



Page 25 of 27
Morgan Stanley Home Equity Loan Trust 2005-2

Mortgage Pass-Through Certificates

2005-2

December 27, 2005 Distribution
Triggers and Adj. Cert. Report
TRIGGER EVENTS

										Group 2		Group 1		Total
						Trigger Event in effect (0=No , 1=Yes)								0
						Stepdown Date has occurred (0 = No, 1=Yes)								0
						3M Rolling Avg.Bal 60+ days includes BK,FC,REO								19,296,387.37
						Ending Balance								768,348,831.38
						Prior Period Senior Enhancement Percentage								23.7538%



ADJUSTABLE RATE CERTIFICATE INFORMATION

SPACE INTENTIONALLY LEFT BLANK



ADDITIONAL INFORMATION

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



Page 26 of 27
Morgan Stanley Home Equity Loan Trust 2005-2

Mortgage Pass-Through Certificates

2005-2

December 27, 2005 Distribution
Other Related Information
ADDITIONAL INFORMATION

										Group 2		Group 1		Total
Current Scheduled Payments														5,174,260.33
Current Scheduled Payments 1 Month Prior														5,336,729.61
Current Scheduled Payments 2 Month Prior														5,504,954.37
Current Scheduled Payments 3 Month Prior														5,673,760.00
Current Scheduled Payments 4 Month Prior														5,809,667.81
Current Scheduled Payments 5 Month Prior														5,939,324.95
Current Scheduled Payments 6 Month Prior														6,014,981.54
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
Sched. Pmts - 60+Day Delinquent Loans, 1 Month Prior										0.00		0.00		0.00
Sched. Pmts - 60+Day Delinquent Loans, 2 Month Prior										0.00		0.00		0.00
Sched. Pmts - 60+Day Delinquent Loans, 3 Month Prior										0.00		0.00		0.00
Sched. Pmts - 60+Day Delinquent Loans, 4 Month Prior										0.00		0.00		0.00
Sched. Pmts - 60+Day Delinquent Loans, 5 Month Prior										0.00		0.00		0.00
Sched. Pmts - 60+Day Delinquent Loans, 6 Month Prior										0.00		0.00		0.00
Sched. Pmts - 60+Day Delinquent Loans, 7 Month Prior										0.00		0.00		0.00
Sched. Pmts - 60+Day Delinquent Loans, 8 Month Prior										0.00		0.00		0.00
Sched. Pmts - 60+Day Delinquent Loans, 9 Month Prior										0.00		0.00		0.00
Sched. Pmts - 60+Day Delinquent Loans, 10 Month Prior										0.00		0.00		0.00
Sched. Pmts - 60+Day Delinquent Loans, 11 Month Prior										0.00		0.00		0.00




Page 27 of 27

Morgan Stanley Home Equity Loan Trust 2005-2 8-K