| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2004-NC1 |
| Closing Date | 1/29/2004 |
| Collateral Factor Date | 9/1/2004 |
| |
| Performance Summary | |
| Current Pool Factor | 76.56% |
| |
| Delinquency Status (*) | |
| 30+ Days | 0.61% |
| 60+ Days | 0.10% |
| 90+ Days | 0.07% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 0.78% |
| Foreclosure | 1.54% |
| REO | 0.12% |
| |
| Cumulative Net Loss | 0.00% |
| Loss Severity | 0.00% |
| |
| Prepayment Experience | |
| 1mo CPR | 45.42% |
| 3mo CPR | 41.36% |
| 6mo CPR | 37.10% |
| Life CPR | 32.27% |
|