8-K 1 bsa04ac7_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 27, 2004 BEAR STEARNS ASSET BACKED SECURITIES I TRUST Asset Backed Certificates, Series 2004-AC7 Trust (Exact name of registrant as specified in its charter) New York (governing law of 333-113636-20 54-2163740 Pooling and Servicing Agreement) (Commission 54-2163741 (State or other File Number) 54-2163742 jurisdiction IRS EIN of Incorporation) C/O Wells Fargo Bank, N.A. 9062 Old Annapolis Road Columbia, MD 21045 (Address of principal executive offices) (Zip Code) Registrant's telephone number, including area code: (410) 884-2000 (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 27, 2004 a distribution was made to holders of BEAR STEARNS ASSET BACKED SECURITIES I TRUST, Asset Backed Certificates, Series 2004-AC7 Trust. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Certificates, Series 2004-AC7 Trust, relating to the December 27, 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. BEAR STEARNS ASSET BACKED SECURITIES I TRUST Asset Backed Certificates, Series 2004-AC7 Trust (Registrant) By: Wells Fargo Bank, N.A. as Securities Administrator By: /s/ Beth Belfield as Assistant Vice President By: Beth Belfield as Assistant Vice President Date: 1/3/2005 INDEX TO EXHIBITS Exhibit Number Description EX-99.1 Monthly report distributed to holders of Asset Backed Certificates, Series 2004-AC7 Trust, relating to the December 27, 2004 distribution. EX-99.1

~~Delaware~~Bear ~~333~~Stearns Asset Backed Securities Asset Backed Certificates Record Date: 11/30/2004 Distribution Date: 12/27/2004 Bear Stearns Asset Backed Securities Asset Backed Certificates Series 2004-~~113636~~AC7 20Contact: Customer Service -~~0842986~~ CTSLink Wells Fargo Bank, N.A. Securities Administration Services 7485 New Horizon Way Frederick, MD 21703 Telephone: (301) 815-6600 Fax: (301) 815-6660 Certificateholder Distribution Summary Certificate Certificate Beginning Class Pass-Through Certificate Interest Principal Class CUSIP Description Rate Balance Distribution Distribution A-1 073879MY1 SEN 5.50000% 183,178,800.00 839,569.50 3,727,506.68 A-2 073879MZ8 SEN 2.58000% 20,353,200.00 43,759.38 414,167.41 A-3 073879NA2 SEN 5.42000% 0.00 91,928.62 0.00 M-1 073879NB0 MEZ 2.80000% 21,807,000.00 42,402.50 443,750.80 M-2 073879NC8 MEZ 3.28000% 16,388,000.00 37,328.22 333,479.53 M-~~----------------------~~3 073879ND6 MEZ 3.48000% 5,419,000.00 13,095.92 110,271.27 B-~~-----------------------~~1 073879NE4 SUB 3.88000% 4,493,000.00 12,106.14 91,428.09 B-~~--------------------------~~2 ~~(STATE~~073879NF1 ORSUB ~~OTHER~~3.98000% ~~JURISDICTION~~3,965,000.00 ~~(COMMISSION~~10,958.82 (I80,683.R81 B-3 073879NG9 SUB 5.S18000% 6,212,000.00 ~~EMPLOYER~~22,345.94 OF126,408.03 ~~INCORPORATION)~~C ~~FILE~~073879NM6 ~~NUMBER)~~OC ~~IDENTIFICATION~~0.00000% NO2,511,312.)81 ~~383~~284,135.99 ~~Madison~~0.00 ~~Avenue~~P ~~New~~073879NL8 ~~York~~SEN 0.00000% 100.00 8,393.45 ~~New~~0.00 ~~York~~R-1 ~~10179~~073879NH7 RES 0.00000% 0.00 0.00 0.00 R-~~------------------------------~~2 073879NJ3 RES 0.00000% 0.00 0.00 0.00 R-~~--------------------------~~3 ~~(ADDRESS~~073879NK0 OFRES ~~PRINCIPAL~~0.00000% ~~(ZIP~~0.00 ~~CODE)~~0.00 ~~EXECUTIVE~~0.00 ~~OFFICES)~~Totals 264,327,412.81 1,406,024.48 5,327,695.62

~~Item~~Certificateholder ~~601~~Distribution Summary (acontinued) ofCurrent ~~Sequentially~~Ending ~~Exhibit~~Cumulative ~~Regulation~~Realized SCertificate Total Realized Class Loss Balance Distribution Losses A-K1 ~~Numbered~~0.00 ~~Number~~179,451,293.32 ~~Exhibit~~4,567,076.18 No0.00 ~~Description~~A-2 ~~Page~~0.00 19,939,032.59 457,926.79 0.00 A-3 0.00 0.00 91,928.62 0.00 M-1 0.00 21,363,249.20 486,153.30 0.00 M-2 0.00 16,054,520.47 370,807.75 0.00 M-3 0.00 5,308,728.73 123,367.19 0.00 B-1 0.00 4,401,571.91 103,534.23 0.00 B-2 0.00 3,884,316.19 91,642.63 0.00 B-3 0.00 6,085,591.97 148,753.97 0.00 C 0.00 2,511,312.56 284,135.99 0.00 P 0.00 100.00 8,393.45 0.00 R-~~---------~~1 0.00 0.00 0.00 0.00 R-~~----------~~2 0.00 0.00 0.00 0.00 R-~~---~~3 10.00 40.00 0.00 0.00 Totals 0.00 258,999,716.94 6,733,720.10 0.00 All distributions required by the Pooling and Servicing Agreement 5have been calculated by the Certificate Administrator on behalf of the Trustee.

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