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) September 27, 2004

Bear Stearns Asset Backed Securities I LLC
(Exact name of registrant as specified in its charter)

Delaware
(State or other jurisdiction
of incorporation)

333-113636
(Commission
File Number)

20-0842986
(IRS Employer
Identification No.)

383 Madison Avenue, New York, New York
(Address of principal executive offices)

10179
(Zip Code)

Registrant's telephone number, including area code 212-272-2000

(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))

Section 8 - Other Events

Item 8.01. Other Events.

This current report on Form 8-K relates to the monthly distribution reported to the holders of Bear Stearns Asset Backed Securities I Trust 2004-HE4, Asset-Backed Certificates, Series 2004-HE4, which was made on September 27, 2004.

Section 9 - Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits.

99.1 Monthly distribution reports pursuant to Section 5.05 of the Pooling and Servicing Agreement for the distribution on September 27, 2004.

(Exhibit No. Description)

SIGNATURES

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.

LASALLE BANK NATIONAL ASSOCIATION, IN ITS CAPACITY AS TRUSTEE UNDER THE POOLING AND SERVICING AGREEMENT ON BEHALF OF BEAR STEARNS ASSET BACKED SECURITIES I LLC, REGISTRANT

By: /s/ Russell Goldenberg
Russell Goldenberg
Group Senior Vice President

Date: September 30, 2004

Bear Stearns Asset Backed Securities Trust

Asset-Backed Certificates

Series 2004-HE4

ABN AMRO Acct: 721825.3

Reporting Package Table of Contents

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Sep-04
27-Sep-04

25-Aug-04

25-Oct-04

24-Sep-04

Administrator:
Megan Olson 312.904.6709
megan.olson@abnamro.com

Analyst:
Vamsi Kaipa 714.259.6252
vamsi.kaipa@abnamro.com

Statement Date:

135 S. LaSalle Street, Suite 1625
Chicago, IL 60603
USA

Statements to Certificateholders
Cash Reconciliation Summary
Bond Interest Reconciliation
Shortfall Summary Report

Rating Information

Asset-Backed Facts ~ 15 Month Loan Status Summary Part I
Asset-Backed Facts ~ 15 Month Loan Status Summary Part II

Asset-Backed Facts ~ 15 Month Loan Payoff/Loss Summary
Realized Loss Detail

Page 2-5
Page 6-11
Page 12
Page 13

Page 14

Page 15-20
Page 21-26

Page 27-32
Page 33

Page(s)

Information is available for this issue from the following sources

Issue Id:

Monthly Data File
Name:

BS004HE4

BS004HE4_200409_3.ZIP

Closing Date:

First Payment Date:

Rated Final Payment: Date:

27-May-04
25-Jun-04

26-Jun-34

Parties to The Transaction

Issuer: Bear Stearns & Co. Inc.

Underwriter: Bear Stearns & Co. Inc.

Master Servicer: EMC Mortgage Corporation

Rating Agency: Standard & Poor's/Moody's Investors Service, Inc.

800.246.5761

LaSalle Factor Line

LaSalle Web Site

Servicer Web Site

www.emcmortgagecorp.com

www.etrustee.net

Page 1 of 33

Class

CUSIP

Original

Opening

Principal

Negative

Closing

Interest

Pass-Through

Per $ 1000

Next Rate(3)

WAC:
WAMM:
Current Index:
Next Index:

Payment Date:
Prior Payment:
Next Payment:
Record Date:

7.514532%

1.615000%
1.840000%

27-Sep-04
27-Sep-04

25-Aug-04

25-Oct-04

24-Sep-04

Bear Stearns Asset Backed Securities Trust

Asset-Backed Certificates

Series 2004-HE4

Face Value (1)

Balance

Payment

Adj. or Loss

Amortization

Balance

Payment (2)

Adjustment

Rate

350

REMIC II

Statement Date:

ABN AMRO Acct: 721825.3

908.219882459

54.987408098

0.000000000

853.232474361

1.490237423

2.015000000%

0.00

0.000000000

1.79000000%

0.000000000

073879AW8

A-1

128,126,000.00

116,366,580.66

7,045,316.65

0.00

109,321,264.01

190,938.16

908.219882400

54.987408133

0.000000000

853.232474267

1.760811333

2.340000000%

0.00

0.000000000

2.11500000%

0.000000000

073879AX6

A-2

75,000,000.00

68,116,491.18

4,124,055.61

0.00

63,992,435.57

132,060.85

1000.000000000

0.000000000

1000.000000000

1.957083284

2.360000000%

0.00

0.000000000

2.13500000%

0.000000000

073879AY4

A-3

33,884,000.00

0.00

33,884,000.00

66,313.81

1000.000000000

0.000000000

1000.000000000

1.984583146

2.390000000%

0.00

0.000000000

2.16500000%

0.000000000

073879AZ1

M-1

17,776,000.00

0.00

17,776,000.00

35,277.95

1000.000000000

0.000000000

1000.000000000

2.626250352

3.090000000%

0.00

0.000000000

2.86500000%

0.000000000

073879BA5

M-2

14,220,000.00

0.00

14,220,000.00

37,345.28

1000.000000000

0.000000000

1000.000000000

2.901251125

3.390000000%

0.00

0.000000000

3.16500000%

0.000000000

073879BB3

M-3

4,444,000.00

0.00

4,444,000.00

12,893.16

1000.000000000

0.000000000

1000.000000000

3.313749616

3.840000000%

0.00

0.000000000

3.61500000%

0.000000000

073879BC1

M-4

3,259,000.00

0.00

3,259,000.00

10,799.51

1000.000000000

0.000000000

1000.000000000

3.634582278

4.190000000%

0.00

0.000000000

3.96500000%

0.000000000

073879BD9

M-5

3,555,000.00

0.00

3,555,000.00

12,920.94

1000.000000000

0.000000000

1000.000000000

5.147084036

5.840000000%

0.00

0.000000000

5.61500000%

0.000000000

073879BE7

M-6

2,963,000.00

0.00

2,963,000.00

15,250.81

1000.000000000

0.000000000

1000.000000000

5.147083646

5.840000000%

0.00

0.000000000

5.61500000%

0.000000000

073879BF4

M-7

5,332,000.00

0.00

5,332,000.00

27,444.25

1000.000000000

0.000000000

1000.000000000

140.223457486

0.00

0.000000000

N/A

0.000000000

073879BH0

7,702,986.50

0.00

7,702,986.50

1,080,139.40

1000.000000000

0.000000000

1000.000000000

2538881.300000000

0.00

253,888.13

2538881.300000000

N/A

0.000000000

073879BG2

100.00

0.00

100.00

253,888.13

0.000000000

0.00

0.000000000

N/A

0.000000000

073879BJ6

R-I

0.00

0.000000000

0.00

0.000000000

N/A

0.000000000

073879BK3

R-II

0.00

Page 2 of 33

Notes: (1) N denotes notional balance not included in total (2) Accrued Interest Plus/Minus Interest Adjustment Minus Deferred Interest equals Interest Payment (3) Estimated. * Denotes Controlling Class

Class

CUSIP

Original

Opening

Principal

Negative

Closing

Interest

Pass-Through

Per $ 1000

Next Rate(3)

WAC:
WAMM:
Current Index:
Next Index:

Payment Date:
Prior Payment:
Next Payment:
Record Date:

7.514532%

1.615000%
1.840000%

27-Sep-04
27-Sep-04

25-Aug-04

25-Oct-04

24-Sep-04

Bear Stearns Asset Backed Securities Trust

Asset-Backed Certificates

Series 2004-HE4

Face Value (1)

Balance

Payment

Adj. or Loss

Amortization

Balance

Payment (2)

Adjustment

Rate

350

REMIC II

Statement Date:

ABN AMRO Acct: 721825.3

Total P&I Payment

0.00

253,888.13

296,261,986.50

277,619,058.34

13,044,644.51

Total

266,449,686.08

11,169,372.26

0.00

1,875,272.25

Page 3 of 33

Class

CUSIP

Original

Opening

Principal

Negative

Closing

Interest

Pass-Through

Per $ 1000

Next Rate(3)

WAC:
WAMM:
Current Index:
Next Index:

Payment Date:
Prior Payment:
Next Payment:
Record Date:

7.514532%

1.615000%
1.840000%

27-Sep-04
27-Sep-04

25-Aug-04

25-Oct-04

24-Sep-04

Bear Stearns Asset Backed Securities Trust

Asset-Backed Certificates

Series 2004-HE4

Face Value (1)

Balance

Payment

Adj. or Loss

Amortization

Balance

Payment (2)

Adjustment

Rate

350

REMIC III

Statement Date:

ABN AMRO Acct: 721825.3

1000.000000000

0.000000000

1000.000000000

140.223457486

0.00

1,080,139.40

140.223457486

N/A

0.000000000

073879BH0

7,702,986.50

0.00

7,702,986.50

1,080,139.40

0.000000000

0.00

0.000000000

N/A

0.000000000

9ABSQ805

R-III

0.00

Total P&I Payment

0.00

1,080,139.40

7,702,986.50

1,080,139.40

Total

7,702,986.50

0.00

1,080,139.40

Page 4 of 33

Class

CUSIP

Original

Opening

Principal

Negative

Closing

Interest

Pass-Through

Per $ 1000

Next Rate(3)

WAC:
WAMM:
Current Index:
Next Index:

Payment Date:
Prior Payment:
Next Payment:
Record Date:

7.514532%

1.615000%
1.840000%

27-Sep-04
27-Sep-04

25-Aug-04

25-Oct-04

24-Sep-04

Bear Stearns Asset Backed Securities Trust

Asset-Backed Certificates

Series 2004-HE4

Face Value (1)

Balance

Payment

Adj. or Loss

Amortization

Balance

Payment (2)

Adjustment

Rate

350

Trust Calculation

Statement Date:

ABN AMRO Acct: 721825.3

1000.000000000

0.000000000

1000.000000000

2538881.300000000

0.00

253,888.13

2538881.300000000

N/A

0.000000000

073879BG2

100.00

0.00

100.00

253,888.13

0.000000000

0.00

0.000000000

N/A

0.000000000

073879BL1

R-X

0.00

Total P&I Payment

0.00

253,888.13

100.00

253,888.13

Total

100.00

0.00

253,888.13

Page 5 of 33

Bear Stearns Asset Backed Securities Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Sep-04
27-Sep-04

25-Aug-04

25-Oct-04

24-Sep-04

Asset-Backed Certificates

Series 2004-HE4

ABN AMRO Acct: 721825.3

Statement Date:

Cash Reconciliation Summary

Interest Summary

Total Trustee Fees

Available Interest

1,875,272.25

Fee Summary

Total Servicing Fees

Principal Summary

Scheduled Principal Distribution

Unscheduled:
Curtailments
Prepayments in Full
Liquidation Proceeds
Repurchase Proceeds
Other Principal Proceeds

Unscheduled Principal Distribution

Remittance Principal

Servicer Wire Amount

209,833.98

6,853.02

10,952,685.26

0.00
0.00
0.00

13,046,055.74

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

277,619,058.34

209,833.98

10,959,538.28

0.00
0.00
0.00

266,449,686.08

1,787

0
0

1,736

106,051.79

Extra Principal

Trigger Event

0.00

11,169,372.26

Over Collateralization Amt

7,702,986.50

Less Extra Principal

Remittance Interest

0.00

1,875,272.25

0.00

10,959,538.28

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(1,411.23

1,876,683.48

Total Fees

107,463.02

Insurance Premium

Reimbursement Amt

Class II-A Policy - Interest
Class II-A Policy - Principal
Other

Total Reimbursement Amt

Rolling 3-Month Delinquency

1.70

0.00

1,411.23

LPMI Fees

0.00

0.00
0.00
0.00

0.00

Page 6 of 33

Bear Stearns Asset Backed Securities Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Sep-04
27-Sep-04

25-Aug-04

25-Oct-04

24-Sep-04

Asset-Backed Certificates

Series 2004-HE4

ABN AMRO Acct: 721825.3

Statement Date:

Cash Reconciliation Summary First Lien

Interest Summary

Total Trustee Fees

Available Interest

1,744,572.85

Fee Summary

Total Servicing Fees

Principal Summary

Scheduled Principal Distribution

Unscheduled:
Curtailments
Prepayments in Full
Liquidation Proceeds
Repurchase Proceeds
Other Principal Proceeds

Unscheduled Principal Distribution

Remittance Principal

Servicer Wire Amount

203,726.39

8,254.29

10,600,165.40

0.00
0.00
0.00

12,558,060.48

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

263,911,037.80

203,726.39

10,608,419.69

0.00
0.00
0.00

253,098,891.72

1,545

0
0

1,499

100,474.93

Extra Principal

Trigger Event

0.00

10,812,146.08

Over Collateralization Amt

7,702,986.50

Less Extra Principal

Remittance Interest

0.00

1,744,572.85

0.00

10,608,419.69

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(1,341.55

1,745,914.40

Total Fees

101,816.47

Insurance Premium

Reimbursement Amt

Class II-A Policy - Interest
Class II-A Policy - Principal
Other

Total Reimbursement Amt

Rolling 3-Month Delinquency

1.70

0.00

1,341.55

LPMI Fees

0.00

0.00
0.00
0.00

0.00

Page 7 of 33

Bear Stearns Asset Backed Securities Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Sep-04
27-Sep-04

25-Aug-04

25-Oct-04

24-Sep-04

Asset-Backed Certificates

Series 2004-HE4

ABN AMRO Acct: 721825.3

Statement Date:

Cash Reconciliation Summary Second Lien

Interest Summary

Total Trustee Fees

Available Interest

130,710.55

Fee Summary

Total Servicing Fees

Principal Summary

Scheduled Principal Distribution

Unscheduled:
Curtailments
Prepayments in Full
Liquidation Proceeds
Repurchase Proceeds
Other Principal Proceeds

Unscheduled Principal Distribution

Remittance Principal

Servicer Wire Amount

6,107.59

)

(1,401.27

352,519.86

0.00
0.00
0.00

488,006.41

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

13,708,020.54

6,107.59

351,118.59

0.00
0.00
0.00

13,350,794.36

242

0
0

237

5,576.86

Extra Principal

Trigger Event

0.00

357,226.18

Over Collateralization Amt

7,702,986.50

Less Extra Principal

Remittance Interest

0.00

130,710.55

0.00

351,118.59

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(69.68

130,780.23

Total Fees

5,646.54

Insurance Premium

Reimbursement Amt

Class II-A Policy - Interest
Class II-A Policy - Principal
Other

Total Reimbursement Amt

Rolling 3-Month Delinquency

1.70

0.00

69.68

LPMI Fees

0.00

0.00
0.00
0.00

0.00

Page 8 of 33

Bear Stearns Asset Backed Securities Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Sep-04
27-Sep-04

25-Aug-04

25-Oct-04

24-Sep-04

Asset-Backed Certificates

Series 2004-HE4

ABN AMRO Acct: 721825.3

Statement Date:

Cash Reconciliation Summary Fixed Loans

Interest Summary

Total Trustee Fees

Available Interest

506,812.87

Fee Summary

Total Servicing Fees

Principal Summary

Scheduled Principal Distribution

Unscheduled:
Curtailments
Prepayments in Full
Liquidation Proceeds
Repurchase Proceeds
Other Principal Proceeds

Unscheduled Principal Distribution

Remittance Principal

Servicer Wire Amount

66,355.51

3,448.42

2,134,201.22

0.00
0.00
0.00

2,711,197.88

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

74,727,554.57

66,355.51

2,137,649.64

0.00
0.00
0.00

72,523,549.42

650

0
0

633

29,855.27

Extra Principal

Trigger Event

0.00

2,204,005.15

Over Collateralization Amt

7,702,986.50

Less Extra Principal

Remittance Interest

0.00

506,812.87

0.00

2,137,649.64

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(379.87

507,192.73

Total Fees

30,235.14

Insurance Premium

Reimbursement Amt

Class II-A Policy - Interest
Class II-A Policy - Principal
Other

Total Reimbursement Amt

Rolling 3-Month Delinquency

1.70

0.00

379.87

LPMI Fees

0.00

0.00
0.00
0.00

0.00

Page 9 of 33

Bear Stearns Asset Backed Securities Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Sep-04
27-Sep-04

25-Aug-04

25-Oct-04

24-Sep-04

Asset-Backed Certificates

Series 2004-HE4

ABN AMRO Acct: 721825.3

Statement Date:

Cash Reconciliation Summary 228 ARM Loans

Interest Summary

Total Trustee Fees

Available Interest

1,323,975.29

Fee Summary

Total Servicing Fees

Principal Summary

Scheduled Principal Distribution

Unscheduled:
Curtailments
Prepayments in Full
Liquidation Proceeds
Repurchase Proceeds
Other Principal Proceeds

Unscheduled Principal Distribution

Remittance Principal

Servicer Wire Amount

135,755.91

3,324.37

8,818,484.04

0.00
0.00
0.00

10,282,527.58

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

194,353,532.93

135,755.91

8,821,808.41

0.00
0.00
0.00

185,395,968.61

1,096

0
0

1,062

72,639.02

Extra Principal

Trigger Event

0.00

8,957,564.32

Over Collateralization Amt

7,702,986.50

Less Extra Principal

Remittance Interest

0.00

1,323,975.29

0.00

8,821,808.41

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(987.96

1,324,963.26

Total Fees

73,626.99

Insurance Premium

Reimbursement Amt

Class II-A Policy - Interest
Class II-A Policy - Principal
Other

Total Reimbursement Amt

Rolling 3-Month Delinquency

1.70

0.00

987.96

LPMI Fees

0.00

0.00
0.00
0.00

0.00

Page 10 of 33

Bear Stearns Asset Backed Securities Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Sep-04
27-Sep-04

25-Aug-04

25-Oct-04

24-Sep-04

Asset-Backed Certificates

Series 2004-HE4

ABN AMRO Acct: 721825.3

Statement Date:

Cash Reconciliation Summary 327 ARM Loans

Interest Summary

Total Trustee Fees

Available Interest

44,495.24

Fee Summary

Total Servicing Fees

Principal Summary

Scheduled Principal Distribution

Unscheduled:
Curtailments
Prepayments in Full
Liquidation Proceeds
Repurchase Proceeds
Other Principal Proceeds

Unscheduled Principal Distribution

Remittance Principal

Servicer Wire Amount

7,722.56

80.23

0.00
0.00
0.00
0.00

52,341.43

Pool Balance Summary

Beginning Pool
Scheduled Principal Distribution

Unscheduled Principal
Distribution

Deferred Interest
Liquidations
Repurchases
Ending Pool

Balance/Amount

Count

8,537,970.84

7,722.56

80.23

0.00
0.00
0.00

8,530,168.05

0
0

3,557.49

Extra Principal

Trigger Event

0.00

7,802.79

Over Collateralization Amt

7,702,986.50

Less Extra Principal

Remittance Interest

0.00

44,495.24

0.00

80.23

Less Mod Losses

Interest Due Trust

Total Trustee Fees

)

(43.40

44,538.64

Total Fees

3,600.89

Insurance Premium

Reimbursement Amt

Class II-A Policy - Interest
Class II-A Policy - Principal
Other

Total Reimbursement Amt

Rolling 3-Month Delinquency

1.70

0.00

43.40

LPMI Fees

0.00

0.00
0.00
0.00

0.00

Page 11 of 33

Bear Stearns Asset Backed Securities Trust

Class

Accrued

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Sep-04
27-Sep-04

25-Aug-04

25-Oct-04
24-Sep-04

Asset-Backed Certificates

Series 2004-HE4

ABN AMRO Acct: 721825.3

Bond Interest Reconciliation

Prior

Other

Additions

Interest

Losses

Current

Cumulative

Accrual

Risk Carry-

Fwd Amt

Interest

Payment

Amount

Interest

Certificate

Interest

Losses

Shortfall

Int. Carry-

Proceeds

Risk Carry-

Certificate

Agreement

Amt Deposited

From YM

Method Days

Basis

Remaining

Statement Date:

Distributable

Prior

Applied Realized

Remaining

Int. Carry-

forward Amt

Principal

Extra

Prepayments

Shortfalls

Net

Cap

Rate
Y/N

0.00

A-1

190,938.16

0.00

190,938.16

Act/360

0.00

6,912,959.45

0.00

A-2

132,060.85

0.00

132,060.85

Act/360

0.00

4,046,578.83

0.00

A-3

66,313.81

0.00

66,313.81

Act/360

0.00

M-1

35,277.95

0.00

35,277.95

Act/360

0.00

M-2

37,345.28

0.00

37,345.28

Act/360

0.00

M-3

12,893.16

0.00

12,893.16

Act/360

0.00

M-4

10,799.51

0.00

10,799.51

Act/360

0.00

M-5

12,920.94

0.00

12,920.94

Act/360

0.00

M-6

15,250.81

0.00

15,250.81

Act/360

0.00

M-7

27,444.25

0.00

27,444.25

Act/360

0.00

1,080,139.40

0.00

1,080,139.40

0.00

253,888.13

0.00

1,621,384.12

1,875,272.25

0.00

10,959,538.28

0.00

(2) Principal Prepayments include the Extra Principal Amount

Page 12 of 33

(1) Other Interest Proceeds are additional interest amounts specifically allocated to the bond(s) and used in determining the bonds Distributable Interest.

Bear Stearns Asset Backed Securities Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Sep-04
27-Sep-04

25-Aug-04

25-Oct-04
24-Sep-04

Asset-Backed Certificates

Series 2004-HE4

ABN AMRO Acct: 721825.3

Interest Adjustments Summary

Statement Date:

0.00

Special Servicing Fees

Workout Fees

Liquidation Fees

Legal Fees

0.00

11.15

Misc. Fees & Expenses Paid by/to Servicer

Interest Paid to Servicer on Outstanding Advances

0.00

ASER Interest Advance Reduction

Interest Not Advanced (Current Period)

Recoup of Prior Advances by Servicer

0.00

Servicing Fees Paid Servicer on Loans Not Advanced

Misc. Fees & Expenses Paid by Trust

0.00

Shortfall Due to Rate Modification

Total Shortfall Allocated to the Bonds

Total Interest Adjustment to the Bonds

11.15

Shortfall Allocated to the Bonds:

Excess Allocated to the Bonds:

Other Interest Proceeds Due the Bonds

Yield Maintenance Penalties Due the Bonds

Prepayment Penalties Due the Bonds

Recovered ASER Interest Due the Bonds

Recovered Interest Due the Bonds

Less Total Shortfall Allocated to the Bonds

Total Excess Allocated to the Bonds

253,888.13

253,888.13

Total Excess Allocated to the Bonds

253,876.98

)

(11.15

Aggregate Interest Adjustment Allocated to the Bonds

0.00

253,888.13

0.00

Prepayment Interest Excess Due the Bonds

0.00

ARD Excess Interest

0.00

Net Prepayment Int. Shortfalls Allocated to the Bonds

Other Interest Loss

Page 13 of 33

Bear Stearns Asset Backed Securities Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Sep-04
27-Sep-04

25-Aug-04

25-Oct-04

24-Sep-04

Asset-Backed Certificates

Series 2004-HE4

ABN AMRO Acct: 721825.3

Rating Information

Class

CUSIP

Fitch

Moody's

S&P

Fitch

Moody's

S&P

Original Ratings

Rating Change/Change Date(1)

Statement Date:

R-I

073879BJ6

A-1

073879AW8

Aaa

AAA

A-2

073879AX6

Aaa

AAA

A-3

073879AY4

Aaa

AAA

M-1

073879AZ1

Aa2

AA+

M-2

073879BA5

AA-

M-3

073879BB3

A+

M-4

073879BC1

Baa1

M-5

073879BD9

Baa2

A-

M-6

073879BE7

Baa3

BBB+

M-7

073879BF4

R-II

073879BK3

R-III

9ABSQ805

R-X

073879BL1

Page 14 of 33

NR - Designates that the class was not rated by the rating agency.

(1) Changed ratings provided on this report are based on information provided by the applicable rating agency via electronic transmission. It shall be
understood that this transmission will generally have been provided to LaSalle within 30 days of the payment date listed on this statement. Because ratings may have
changed during the 30 day window, or may not be being provided by the rating agency in an electronic format and therefore not being updated on
this report, LaSalle recommends that investors obtain current rating information directly from the rating agency.

Bear Stearns Asset Backed Securities Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Sep-04
27-Sep-04

25-Aug-04

25-Oct-04

24-Sep-04

Asset-Backed Certificates

Series 2004-HE4

ABN AMRO Acct: 721825.3

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part I

Distribution

Date

REO

Balance

Statement Date:

Foreclosure

Delinq 3+ Months

Delinq 2 Months

Delinq 1 Month

Current

Balance

Delinquency Aging Categories

2.36%

2.13%

1.56%

1.97%

0.17%

592,283

0.22%

0.69%

0.88%

0.00%

27-Sep-04

5,682,159

5,247,776

2,334,454

1,653

252,593,014

95.22%

94.80%

2.29%

2.46%

0.95%

1.17%

0.00%

25-Aug-04

6,834,251

3,246,555

1,729

267,538,253

96.75%

96.37%

1.64%

1.94%

0.00%

26-Jul-04

5,537,762

1,794

280,046,267

98.36%

98.06%

0.11%

0.07%

0.00%

25-Jun-04

208,210

1,843

290,241,971

99.89%

99.93%

Page 15 of 33

Bear Stearns Asset Backed Securities Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Sep-04
27-Sep-04

25-Aug-04

25-Oct-04

24-Sep-04

Asset-Backed Certificates

Series 2004-HE4

ABN AMRO Acct: 721825.3

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part I

Distribution

Date

REO

Balance

Statement Date:

Foreclosure

Delinq 3+ Months

Delinq 2 Months

Delinq 1 Month

Current

Balance

Delinquency Aging Categories

First Lien

2.27%

2.04%

1.33%

1.79%

0.20%

592,283

0.23%

0.80%

0.92%

0.00%

27-Sep-04

5,151,399

4,541,174

2,334,454

1,430

240,479,582

95.40%

95.01%

1.94%

2.24%

1.04%

1.18%

0.00%

25-Aug-04

5,916,286

3,121,783

1,499

254,872,969

97.02%

96.58%

1.71%

1.93%

0.00%

26-Jul-04

5,251,178

1,551

266,434,064

98.29%

98.07%

0.13%

0.08%

0.00%

25-Jun-04

208,210

1,595

276,211,302

99.87%

99.92%

Page 16 of 33

Bear Stearns Asset Backed Securities Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Sep-04
27-Sep-04

25-Aug-04

25-Oct-04

24-Sep-04

Asset-Backed Certificates

Series 2004-HE4

ABN AMRO Acct: 721825.3

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part I

Distribution

Date

REO

Balance

Statement Date:

Foreclosure

Delinq 3+ Months

Delinq 2 Months

Delinq 1 Month

Current

Balance

Delinquency Aging Categories

Second Lien

2.95%

3.98%

2.95%

5.29%

0.00%

27-Sep-04

530,760

706,602

223

12,113,432

94.09%

90.73%

4.55%

6.70%

0.41%

0.91%

0.00%

25-Aug-04

917,964

124,773

230

12,665,284

95.04%

92.39%

1.22%

2.06%

0.00%

26-Jul-04

286,584

243

13,612,202

98.78%

97.94%

0.00%

25-Jun-04

248

14,030,668

100.00%

Page 17 of 33

Bear Stearns Asset Backed Securities Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Sep-04
27-Sep-04

25-Aug-04

25-Oct-04

24-Sep-04

Asset-Backed Certificates

Series 2004-HE4

ABN AMRO Acct: 721825.3

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part I

Distribution

Date

REO

Balance

Statement Date:

Foreclosure

Delinq 3+ Months

Delinq 2 Months

Delinq 1 Month

Current

Balance

Delinquency Aging Categories

Fixed Loans

1.58%

1.14%

1.42%

1.43%

0.16%

66,377

0.09%

0.00%

27-Sep-04

826,517

1,040,045

613

70,590,610

96.84%

97.33%

2.15%

1.77%

0.15%

0.17%

0.00%

25-Aug-04

1,324,336

124,773

635

73,278,446

97.69%

98.06%

0.91%

1.19%

0.00%

26-Jul-04

913,859

655

75,714,306

99.09%

98.81%

0.15%

0.13%

0.00%

25-Jun-04

100,587

669

78,503,787

99.85%

99.87%

Page 18 of 33

Bear Stearns Asset Backed Securities Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Sep-04
27-Sep-04

25-Aug-04

25-Oct-04

24-Sep-04

Asset-Backed Certificates

Series 2004-HE4

ABN AMRO Acct: 721825.3

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part I

Distribution

Date

REO

Balance

Statement Date:

Foreclosure

Delinq 3+ Months

Delinq 2 Months

Delinq 1 Month

Current

Balance

Delinquency Aging Categories

228 ARM Loans

2.82%

2.56%

1.69%

2.27%

0.19%

525,905

0.28%

1.13%

1.26%

0.00%

27-Sep-04

4,747,543

4,207,731

2,334,454

1,000

173,580,335

94.16%

93.63%

2.46%

2.83%

1.46%

1.61%

0.00%

25-Aug-04

5,509,915

3,121,783

1,053

185,721,835

96.08%

95.56%

2.14%

2.31%

0.00%

26-Jul-04

4,623,903

1,098

195,786,370

97.86%

97.69%

0.09%

0.05%

0.00%

25-Jun-04

107,623

1,131

202,439,011

99.91%

99.95%

Page 19 of 33

Bear Stearns Asset Backed Securities Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Sep-04
27-Sep-04

25-Aug-04

25-Oct-04

24-Sep-04

Asset-Backed Certificates

Series 2004-HE4

ABN AMRO Acct: 721825.3

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part I

Distribution

Date

REO

Balance

Statement Date:

Foreclosure

Delinq 3+ Months

Delinq 2 Months

Delinq 1 Month

Current

Balance

Delinquency Aging Categories

327 ARM Loans

2.44%

1.27%

0.00%

27-Sep-04

108,099

8,422,070

97.56%

98.73%

0.00%

25-Aug-04

8,537,971

100.00%

0.00%

26-Jul-04

8,545,591

100.00%

0.00%

25-Jun-04

9,299,172

100.00%

Page 20 of 33

Bear Stearns Asset Backed Securities Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Sep-04
27-Sep-04

25-Aug-04

25-Oct-04

24-Sep-04

Asset-Backed Certificates

Series 2004-HE4

ABN AMRO Acct: 721825.3

Distribution

Date

Statement Date:

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance # Balance

# Balance

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance

# Balance

In Foreclosure and Delinquent

In Bankruptcy and Delinquent

In REO and Delinquent

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part II

Current

31 - 60 Days

61 - 90 Days

90 + Days

Balance

27-Sep-04

121,114

2,334,454

0.00%

0.69%

0.88%

0.00%

0.00% 0.06%

0.05% 0.00%

0.00%

0.17%

0.43%

1,149,735

0.00%

25-Aug-04

0.00%

0.00% 0.00%

0.00%

0.06%

0.22%

612,047

0.00%

26-Jul-04

0.00%

0.00% 0.00%

0.00%

0.05%

0.21%

612,477

0.00%

25-Jun-04

0.00%

0.00% 0.00%

0.00%

Page 21 of 33

Bear Stearns Asset Backed Securities Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Sep-04
27-Sep-04

25-Aug-04

25-Oct-04

24-Sep-04

Asset-Backed Certificates

Series 2004-HE4

ABN AMRO Acct: 721825.3

Distribution

Date

Statement Date:

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance # Balance

# Balance

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance

# Balance

In Foreclosure and Delinquent

In Bankruptcy and Delinquent

In REO and Delinquent

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part II - First Lien

Current

31 - 60 Days

61 - 90 Days

90 + Days

Balance

27-Sep-04

121,114

2,334,454

0.00%

0.80%

0.92%

0.00%

0.00% 0.07%

0.05% 0.00%

0.00%

0.20%

0.45%

1,149,735

0.00%

25-Aug-04

0.00%

0.00% 0.00%

0.00%

0.06%

0.23%

612,047

0.00%

26-Jul-04

0.00%

0.00% 0.00%

0.00%

0.06%

0.23%

612,477

0.00%

25-Jun-04

0.00%

0.00% 0.00%

0.00%

Page 22 of 33

Bear Stearns Asset Backed Securities Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Sep-04
27-Sep-04

25-Aug-04

25-Oct-04

24-Sep-04

Asset-Backed Certificates

Series 2004-HE4

ABN AMRO Acct: 721825.3

Distribution

Date

Statement Date:

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance # Balance

# Balance

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance

# Balance

In Foreclosure and Delinquent

In Bankruptcy and Delinquent

In REO and Delinquent

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part II - Second Lien

Current

31 - 60 Days

61 - 90 Days

90 + Days

Balance

27-Sep-04

0.00%

0.00% 0.00%

0.00%

25-Aug-04

0.00%

0.00% 0.00%

0.00%

26-Jul-04

0.00%

0.00% 0.00%

0.00%

25-Jun-04

0.00%

0.00% 0.00%

0.00%

Page 23 of 33

Bear Stearns Asset Backed Securities Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Sep-04
27-Sep-04

25-Aug-04

25-Oct-04

24-Sep-04

Asset-Backed Certificates

Series 2004-HE4

ABN AMRO Acct: 721825.3

Distribution

Date

Statement Date:

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance # Balance

# Balance

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance

# Balance

In Foreclosure and Delinquent

In Bankruptcy and Delinquent

In REO and Delinquent

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part II - Fixed Loans

Current

31 - 60 Days

61 - 90 Days

90 + Days

Balance

27-Sep-04

0.00%

0.00% 0.00%

0.00%

0.16%

0.65%

472,625

0.00%

25-Aug-04

0.00%

0.00% 0.00%

0.00%

26-Jul-04

0.00%

0.00% 0.00%

0.00%

25-Jun-04

0.00%

0.00% 0.00%

0.00%

Page 24 of 33

Bear Stearns Asset Backed Securities Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Sep-04
27-Sep-04

25-Aug-04

25-Oct-04

24-Sep-04

Asset-Backed Certificates

Series 2004-HE4

ABN AMRO Acct: 721825.3

Distribution

Date

Statement Date:

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance # Balance

# Balance

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance

# Balance

In Foreclosure and Delinquent

In Bankruptcy and Delinquent

In REO and Delinquent

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part II - 228 ARM Loans

Current

31 - 60 Days

61 - 90 Days

90 + Days

Balance

27-Sep-04

121,114

2,334,454

0.00%

1.13%

1.26%

0.00%

0.00% 0.09%

0.07% 0.00%

0.00%

0.19%

0.37%

677,110

0.00%

25-Aug-04

0.00%

0.00% 0.00%

0.00%

0.09%

0.31%

612,047

0.00%

26-Jul-04

0.00%

0.00% 0.00%

0.00%

0.09%

0.31%

612,477

0.00%

25-Jun-04

0.00%

0.00% 0.00%

0.00%

Page 25 of 33

Bear Stearns Asset Backed Securities Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Sep-04
27-Sep-04

25-Aug-04

25-Oct-04

24-Sep-04

Asset-Backed Certificates

Series 2004-HE4

ABN AMRO Acct: 721825.3

Distribution

Date

Statement Date:

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance # Balance

# Balance

Current 31 - 60 Days 61 - 90 Days

90 + Days

# Balance # Balance

# Balance

In Foreclosure and Delinquent

In Bankruptcy and Delinquent

In REO and Delinquent

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary Part II - 327 ARM Loans

Current

31 - 60 Days

61 - 90 Days

90 + Days

Balance

27-Sep-04

0.00%

0.00% 0.00%

0.00%

25-Aug-04

0.00%

0.00% 0.00%

0.00%

26-Jul-04

0.00%

0.00% 0.00%

0.00%

25-Jun-04

0.00%

0.00% 0.00%

0.00%

Page 26 of 33

Bear Stearns Asset Backed Securities Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Sep-04
27-Sep-04

25-Aug-04

25-Oct-04

24-Sep-04

Asset-Backed Certificates

Series 2004-HE4

ABN AMRO Acct: 721825.3

Asset-Backed Facts ~ 15 Month Historical Payoff/Loss Summary

Distribution

Date

Ending Pool (1)

Payoffs(2)

Realized Losses (2)

Remaining Term

Curr Weighted Avg.

# Balance

# Amount

Life

Coupon Remit

Statement Date:

Ending Arrearage (1)

Balance

Insurance

Substitution

Liquidation

Proceeds

27-Sep-04

1,736

92.49%

266,449,686

89.94%

2.85%

3.95%

0.00%

350

7.51%

7.01%

10,952,685

0.00

25-Aug-04

1,787

95.21%

277,619,058

93.71%

2.03%

2.71%

0.00%

351

7.51%

7.00%

7,734,828

0.00

26-Jul-04

1,824

97.18%

285,584,029

96.40%

1.03%

1.41%

0.00%

352

7.51%

7.00%

4,098,941

0.00

25-Jun-04

1,845

98.30%

290,450,181

98.04%

1.70%

1.88%

0.00%

353

7.50%

7.00%

5,566,054

0.00

(1) Percentage based on pool as of cutoff. (2) Percentage based on pool as of beginning of period.

Page 27 of 33

Bear Stearns Asset Backed Securities Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Sep-04
27-Sep-04

25-Aug-04

25-Oct-04

24-Sep-04

Asset-Backed Certificates

Series 2004-HE4

ABN AMRO Acct: 721825.3

Asset-Backed Facts ~ 15 Month Historical Payoff/Loss Summary

Distribution

Date

Ending Pool (1)

Payoffs(2)

Realized Losses (2)

Remaining Term

Curr Weighted Avg.

# Balance

# Amount

Life

Coupon Remit

Statement Date:

Ending Arrearage (1)

Balance

Insurance

Substitution

Liquidation

Proceeds

First Lien

27-Sep-04

1,499

79.86%

253,098,892

85.43%

2.98%

4.02%

0.00%

349

7.36%

6.85%

10,600,165

0.00

25-Aug-04

1,545

82.31%

263,911,038

89.08%

2.09%

2.78%

0.00%

351

7.35%

6.84%

7,552,969

0.00

26-Jul-04

1,578

84.07%

271,685,242

91.70%

1.06%

1.44%

0.00%

352

7.35%

6.84%

3,975,706

0.00

25-Jun-04

1,597

85.08%

276,419,513

93.30%

1.78%

1.91%

0.00%

352

7.35%

6.84%

5,396,995

0.00

(1) Percentage based on pool as of cutoff. (2) Percentage based on pool as of beginning of period.

Page 28 of 33

Bear Stearns Asset Backed Securities Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Sep-04
27-Sep-04

25-Aug-04

25-Oct-04

24-Sep-04

Asset-Backed Certificates

Series 2004-HE4

ABN AMRO Acct: 721825.3

Asset-Backed Facts ~ 15 Month Historical Payoff/Loss Summary

Distribution

Date

Ending Pool (1)

Payoffs(2)

Realized Losses (2)

Remaining Term

Curr Weighted Avg.

# Balance

# Amount

Life

Coupon Remit

Statement Date:

Ending Arrearage (1)

Balance

Insurance

Substitution

Liquidation

Proceeds

Second Lien

27-Sep-04

237

12.63%

13,350,794

4.51%

2.07%

2.57%

0.00%

350

10.58%

10.08%

352,520

0.00

25-Aug-04

242

12.89%

13,708,021

4.63%

1.63%

1.31%

0.00%

350

10.58%

10.08%

181,859

0.00

26-Jul-04

246

13.11%

13,898,786

4.69%

0.81%

0.88%

0.00%

352

10.59%

10.08%

123,234

0.00

25-Jun-04

248

13.21%

14,030,668

4.74%

1.20%

1.19%

0.00%

353

10.58%

10.08%

169,058

0.00

(1) Percentage based on pool as of cutoff. (2) Percentage based on pool as of beginning of period.

Page 29 of 33

Bear Stearns Asset Backed Securities Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Sep-04
27-Sep-04

25-Aug-04

25-Oct-04

24-Sep-04

Asset-Backed Certificates

Series 2004-HE4

ABN AMRO Acct: 721825.3

Asset-Backed Facts ~ 15 Month Historical Payoff/Loss Summary

Distribution

Date

Ending Pool (1)

Payoffs(2)

Realized Losses (2)

Remaining Term

Curr Weighted Avg.

# Balance

# Amount

Life

Coupon Remit

Statement Date:

Ending Arrearage (1)

Balance

Insurance

Substitution

Liquidation

Proceeds

Fixed Loans

27-Sep-04

633

33.72%

72,523,549

24.48%

2.62%

2.86%

0.00%

339

7.86%

7.35%

2,134,201

0.00

25-Aug-04

650

34.63%

74,727,555

25.22%

1.66%

2.38%

0.00%

341

7.85%

7.34%

1,824,803

0.00

26-Jul-04

661

35.22%

76,628,165

25.87%

1.19%

1.91%

0.00%

342

7.83%

7.32%

1,501,870

0.00

25-Jun-04

670

35.70%

78,604,374

26.53%

1.03%

1.17%

0.00%

343

7.83%

7.32%

929,535

0.00

(1) Percentage based on pool as of cutoff. (2) Percentage based on pool as of beginning of period.

Page 30 of 33

Bear Stearns Asset Backed Securities Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Sep-04
27-Sep-04

25-Aug-04

25-Oct-04

24-Sep-04

Asset-Backed Certificates

Series 2004-HE4

ABN AMRO Acct: 721825.3

Asset-Backed Facts ~ 15 Month Historical Payoff/Loss Summary

Distribution

Date

Ending Pool (1)

Payoffs(2)

Realized Losses (2)

Remaining Term

Curr Weighted Avg.

# Balance

# Amount

Life

Coupon Remit

Statement Date:

Ending Arrearage (1)

Balance

Insurance

Substitution

Liquidation

Proceeds

228 ARM Loans

27-Sep-04

1,062

56.58%

185,395,969

62.58%

3.10%

4.54%

0.00%

353

7.41%

6.91%

8,818,484

0.00

25-Aug-04

1,096

58.39%

194,353,533

65.60%

2.32%

2.95%

0.00%

354

7.41%

6.90%

5,910,025

0.00

26-Jul-04

1,122

59.78%

200,410,273

67.65%

0.80%

0.91%

0.00%

355

7.41%

6.91%

1,851,178

0.00

25-Jun-04

1,132

60.31%

202,546,634

68.37%

2.08%

2.05%

0.00%

356

7.41%

6.91%

4,248,390

0.00

(1) Percentage based on pool as of cutoff. (2) Percentage based on pool as of beginning of period.

Page 31 of 33

Bear Stearns Asset Backed Securities Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Sep-04
27-Sep-04

25-Aug-04

25-Oct-04

24-Sep-04

Asset-Backed Certificates

Series 2004-HE4

ABN AMRO Acct: 721825.3

Asset-Backed Facts ~ 15 Month Historical Payoff/Loss Summary

Distribution

Date

Ending Pool (1)

Payoffs(2)

Realized Losses (2)

Remaining Term

Curr Weighted Avg.

# Balance

# Amount

Life

Coupon Remit

Statement Date:

Ending Arrearage (1)

Balance

Insurance

Substitution

Liquidation

Proceeds

327 ARM Loans

27-Sep-04

2.18%

8,530,168

2.88%

0.00%

353

6.76%

6.25%

0.00

25-Aug-04

2.18%

8,537,971

2.88%

0.00%

354

6.76%

6.25%

0.00

26-Jul-04

2.18%

8,545,591

2.88%

4.65%

8.02%

0.00%

355

6.80%

6.29%

745,892

0.00

25-Jun-04

2.29%

9,299,172

3.14%

2.27%

4.00%

0.00%

356

6.77%

6.26%

388,129

0.00

(1) Percentage based on pool as of cutoff. (2) Percentage based on pool as of beginning of period.

Page 32 of 33

Bear Stearns Asset Backed Securities Trust

Payment Date:
Prior Payment:
Next Payment:
Record Date:

27-Sep-04
27-Sep-04

25-Aug-04

25-Oct-04

24-Sep-04

Asset-Backed Certificates

Series 2004-HE4

ABN AMRO Acct: 721825.3

Realized Loss Detail

Period

Disclosure

Control #

Appraisal

Date

Appraisal

Value

Beginning
Scheduled

Balance

Gross

Proceeds

Gross Proceeds

as a % of

Sched. Balance

Aggregate

Liquidation
Expenses *

Net

Liquidation

Proceeds

Net Proceeds

as a % of

Sched. Balance

Realized

Loss

Statement Date:

Current Total
Cumulative

Page 33 of 33

* Aggregate liquidation expenses also include outstanding P&I advances and unpaid servicing fees, unpaid trustee fees, etc..

BEAR STEARNS ASSET BACKED SECURITIES I LLC 2004-HE4 8-K