| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2004-NC1 |
| Closing Date | 1/29/2004 |
| Collateral Factor Date | 7/1/2004 |
| |
| Performance Summary | |
| Current Pool Factor | 84.48% |
| |
| Delinquency Status (*) | |
| 30+ Days | 2.05% |
| 60+ Days | 0.39% |
| 90+ Days | 0.06% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 0.52% |
| Foreclosure | 1.19% |
| REO | 0.01% |
| |
| Cumulative Net Loss | 0.00% |
| Loss Severity | 0.00% |
| |
| Prepayment Experience | |
| 1mo CPR | 35.78% |
| 3mo CPR | 34.88% |
| 6mo CPR | 27.84% |
| Life CPR | NA |
|