8-K 1 msal04hb2_dec.txt DECEMBER 8K 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 15,2004 MORGAN STANLEY AUTO LOAN TRUST 2004-HB2 (Exact name of registrant as specified in its charter) New York (governing law of 333-82716-03 51-6557818 Sales and Servicing Agreement) (Commission (State or other File Number) jurisdiction IRS EIN of Incorporation) Wells Fargo Bank, N.A. 6th Street and Marquette Avenue Minneapolis, MN 55479 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (612) 667-8058 (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 under the Exchange Act (17 CFR 240.14a-12) [ ] 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 On December 15, 2004 a distribution was made to holders of MORGAN STANLEY AUTO LOAN TRUST 2004-HB2 ITEM 9.01. Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Morgan Stanley Auto Loan Trust 2004-HB2, relating to the December 15, 2004 distribution. Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. MORGAN STANLEY AUTO LOAN TRUST 2004-HB2 (Registrant) By: Wells Fargo Bank, NA as Trustee By: /s/ Edna Barber, Assistant Vice President By: Edna Barber, Assistant Vice President Date: 12/16/04 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Morgan Stanley Auto Loan Trust 2004-HB2, relating to the December 15, 2004 distribution. EX-99.1

Morgan Stanley Auto Loan Trust 2004-HB2 Record Date: 1012/14/04 Distribution Date: 1012/15/04 Morgan Stanley Auto Loan Trust 2004-HB2 Contact: Wells Fargo Bank, N.A. 6th Street and Marquette Avenue Minneapolis, MN 55479 Telephone: (612) 667-8058 Fax: (612) 667-3529 Certificateholders Distribution Summary Beginning Interest Interest Principal Ending Total Class Cusip Principal Distribution Carryover Distribution Principal Distribution Balance Amount Shortfall Amount Balance A-1 61747R AN0 ~~136~~103,~~801~~752,~~022~~786.2527 ~~216~~164,~~601~~275.6224 0.00 16,~~499~~627,~~212~~439.9491 ~~120~~87,~~246~~125,~~454~~346.5536 16,~~771~~791,~~169~~715.3215 A-2 61747R AP5 135,490,000.00 270,980.00 0.00 0.00 135,490,000.00 270,980.00 A-3 61747R AQ3 178,340,000.00 436,933.00 0.00 0.00 178,340,000.00 436,933.00 A-4 61747R AR1 103,320,000.00 297,906.00 0.00 0.00 103,320,000.00 297,906.00 B 61747R AS 9 13,700,000.00 38,474.17 0.00 0.00 13,700,000.00 38,474.17 C 61747R AT7 17,200,000.00 46,440.00 0.00 0.00 17,200,000.00 46,440.00 D 61747R AU 4 8,285,000.00 26,373.92 0.00 0.00 8,285,000.00 26,373.92 E 61747R AV2 10,832,000.00 45,133.33 0.00 0.00 10,832,000.00 45,133.33 Certificates n/a n/a n/a 0.00 n/a 0.00 Distribution of Pre-Funded Amount Class Cusip Distribution Amount A-1 61747R AN0 ~~55,354~~0.7700 Pool Factors Interest Rate Beginning Interest Interest Principal Ending Class Note Pool Distribution Carryover Distribution Note Pool Factor per 1000 per 1000 per 1000 Factor A-1 0.~~8047119~~6103105 10.~~2741272~~9663250 0.0000000 97.~~0541937~~8084701 0.~~7073321~~5125020 1.90% A-2 1.0000000 2.0000000 0.0000000 0.0000000 1.0000000 2.40% A-3 1.0000000 2.4500000 0.0000000 0.0000000 1.0000000 2.94% A-4 1.0000000 2.8833333 0.0000000 0.0000000 1.0000000 3.46% B 1.0000000 2.8083333 0.0000000 0.0000000 1.0000000 3.37% C 1.0000000 2.7000000 0.0000000 0.0000000 1.0000000 3.24% D 1.0000000 3.1833333 0.0000000 0.0000000 1.0000000 3.82% E 1.0000000 4.1666667 0.0000000 0.0000000 1.0000000 5.00% Cash Statement Collections Principal Collections 15,~~045~~168,~~286~~639.3054 Interest Collections 3,~~198~~047,~~508~~162.7096 Recoveries and Liquidation Proceeds ~~140~~201,~~461~~454.0066 Purchase Amounts and Advance Amounts from servicer ~~120~~150,~~866~~990.4489 From Pre-Funding Account ~~55,354~~0.7700 Total Collections Amount 18,~~560~~568,~~477~~248.2105 Disbursements per 1000 Original Principal Balance Servicing Fee 0.~~7954114~~7550668 ~~506~~481,~~809~~103.8765 Servicing Reimbursement Amount 0.~~1854683~~1994854 ~~118~~127,~~174~~105.2750 Owner Trustee Fee 0.0013079 833.33 Indenture Trustee Fee 0.~~0019618~~0082396 15,250.00 Note Interest Distribution 2.~~1640198~~0818964 1 ,~~378~~326,~~842~~515.0466 Regular Principal Allocation 2526.~~5218970~~0958899 16,~~261~~627,~~710~~439.5491 First Allocation of Principal 0.0000000 0.00 Second Allocation of Principal 0.0000000 0.00 Third Allocation of Principal 0.0000000 0.00 Fourth Allocation of Principal 0.~~3727475~~0000000 ~~237,502~~0.3900 Distribution of Pre-Funding Amount to Class A Holders ~~55,354~~0.7700 Total Distribution Amount 18,~~560~~568,~~477~~248.2105 Collateral Statement Pool Balance (beginning of Collection Period) ~~608~~577,~~171~~324,~~838~~374.1903 Pool Balance (end of Collection Period) ~~592~~561,~~898~~595,~~519~~891.8622 Overcollateralization Target Amount for next Distribution Date 11,~~857~~231,~~970~~917.4082 Overcollateralization Amount 57,~~485~~303,~~065~~544.3186 Delinquency Principal Period Number Balance Percentage 30 - 59 days 98110 1,~~803~~921,~~372~~635.7688 0.3034% 60 - 89 days 2938 ~~573~~614,~~598~~762.1373 0.1011% 90 + days 1824 ~~352~~473,~~453~~690.6564 0.0608% Totals ~~145~~172 23,~~729~~010,~~424~~089.5425 0.4654% Pool Delinquency Percentage as of related Determination Date 0.4148% Repossessed Receivables 2529 ~~483~~523,~~741~~411.00 Defaulted Receivables or Repurchased Receivables ~~227~~559,~~478~~824.6469 Receivables granted extensions 5053 1,~~168~~046,~~618~~363.9545 Repurchase Amounts 0.00 Realized Losses 90366,~~567~~894.6444 Cram Down Losses 0.00 Cumulative Net Loss Ratio as of related Determination Date 0.0110% Six-Month Annualized Net Loss Ratio as of related Determination Date 0.0427% Three-Month Annualized Net Loss Ratio as of related Determination Date 0.0645% WAC 6.28 WAM 5957.6776 Prefundings PreFunding Account Pre-Funded Amount (beginning of Collection Period) ~~50,013,915~~0.0600 Amount applied to funding of Subsequent Receivables ~~50,000,944~~0.3200 Interest earnings on PreFunding Account ~~42,384~~0.0300 Unused Amount applied to Principal of Notes (Class A-1) ~~55,354~~0.7700 Remaining Pre-Funded Amount (end of Collection Period) 0.00 Subsequent Transfers Subsequent Transfer date 088/30/2004 Subsequent Receivables Cut-off date 077/31/2004 Principal Balance of Subsequent receivables 49,986,084.94 Subsequent Transfer date 099/28/2004 Subsequent Receivables Cut-off date 088/31/2004 Principal Balance of Subsequent receivables 50,000,944.32

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