| DEAL NAME | Morgan Stanley ABS Capital I Inc. Trust 2004-NC1 |
| Closing Date | 1/29/2004 |
| Collateral Factor Date | 11/1/2004 |
| |
| Performance Summary | |
| Current Pool Factor | 67.44% |
| |
| Delinquency Status (*) | |
| 30+ Days | 1.91% |
| 60+ Days | 1.28% |
| 90+ Days | 0.86% |
| 120+ Days | 0.00% |
| |
| Bankruptcy | 0.60% |
| Foreclosure | 1.30% |
| REO | 0.00% |
| |
| Cumulative Net Loss | 0.02% |
| Loss Severity | 0.47% |
| |
| Prepayment Experience | |
| 1mo CPR | 53.79% |
| 3mo CPR | 50.41% |
| 6mo CPR | 44.91% |
| 9mo CPR | 39.15% |
| Life CPR | 36.97% |
|