**UNITED
        STATES**
 **SECURITIES
        AND EXCHANGE COMMISSION**
 **Washington,
        D.C. 20549**
 
 
 **FORM
        10-K**
 
 
 **[X]
        ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
        ACT OF
        1934**
 
 For
        the
        fiscal year ended December 31, 2005
 or
 
 **[  
        ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES AND
        EXCHANGE ACT OF 1934**
 
 For
        the
        transition period from ________to _______
 
 Commission
        file number 333-113636
 
 **Bear
        Stearns Asset Backed Securities I LLC**
 (Exact
        name of registrant as specified in its charter)
 
 Delaware
              
              20-0842986(State
                  or other jurisdiction of
                incorporation
                  or organization)
              
              (I.R.S.
                  Employer
                Identification
                  No.)
 
 383
        Madison Avenue, New York, New York 10179
 (Address
        of principal executive offices)
 
 Registrant’s
        telephone number, including area code: 212-272-2000
 
 Securities
        registered pursuant to Section 12(b) of the Act: None
 
 Securities
        registered pursuant to Section 12(g) of the Act: None
 
 Indicate
        by check mark if the registrant is a well-known seasoned issuer, as defined
        in
        Rule 405 of the Securities Act.
 
 oYes
              
              xNo
 
 Indicate
        by check mark if the registrant is not required to file pursuant to Section
        13
        or Section 15(d) of the Act.
 
 oYes
              
              xNo
 
 Indicate
        by check mark whether the registrant (1) has filed all reports required to
        be
        filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
        the
        preceding 12 months (or for such shorter period that the registrant was required
        to file such reports), and (2) has been subject to such filing requirements
        for
        the past 90 days.
 
 xYes
              
              oNo
 
 Indicate
        by check mark if disclosure of delinquent filers pursuant to Item 405 of
        Regulation S K (~229.405 of this chapter) is not contained herein, and will
        not
        be contained, to the best of registrant’s knowledge, in definitive proxy or
        information statements incorporated by reference in Part III of this Form
        10-K
        or any amendment to this Form 10-K.
 
 Not
        Applicable
 
 Indicate
          by check mark whether the registrant is a large accelerated filer, an
          accelerated filer, or a non-accelerated filer. See definition of “accelerated
          filer and large accelerated filer” in Rule 12b-2 of the Exchange Act (Check
          one):
 Large
                  accelerated filero
              
              
              Accelerated
                  filero
              
              
              Non-accelerated
                  filerx
 
 
 Indicate
        by check mark whether the registrant is a shell company (as defined in Rule
        12b-2 of the Act).
 
 oYes
              
              xNo
 
 
 State
        the
        aggregate market value of the voting and non voting common equity held by
        non-affiliates computed by reference to the price at which the common equity
        was
        last sold, or the average bid and asked price of such common equity, as of
        the
        last business day of the registrant’s most recently completed second fiscal
        quarter.
 
 Not
        Applicable
 
 
 
 DOCUMENTS
        INCORPORATED BY REFERENCE
 
 Not
        Applicable
 
 
 **PART
        I**
 
 **Item
        1. Business.**
 
 Not
        applicable
 
 **Item
        1A. Risk Factors.**
 
 Not
        applicable
 
 **Item
        1B. Unresolved Staff Comments.**
 
 Not
        applicable
 
 **Item
        2. Properties.**
 
 Not
        applicable
 
 **Item
        3. Legal Proceedings.**
 
 The
        registrant knows of no material pending legal proceedings involving the trust
        created under the Pooling and Servicing Agreement for the Bear Stearns Asset
        Backed Securities I Trust 2005-AQ1, Asset-Backed Certificates, Series 2005-AQ1
        (the “Trust”), the Trustee, the Master Servicer or the registrant with respect
        to the Trust other than routine litigation incidental to the duties of the
        respective parties.
 
 **Item
        4. Submission of Matters to a Vote of Security Holders.**
 
 None.
 
 
 **PART
        II**
 
 Item
        5.
        Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer
        Purchases of Equity Securities.
 
 No
        established public trading market for the Certificates exists.
 Records
        provided to the Trust by the DTC and the Trustee indicate that as of December
        31, 2005, the total number of holders of record for the Series of Certificates
        is 24.
 
 **Item
        6. Selected Financial Data.**
 
 Not
        applicable.
 
 **Item
        7. Management’s Discussion and Analysis of Financial Condition and Results of
        Operation.**
 
 Not
        applicable.
 
 **Item
        7A. Quantitative and Qualitative Disclosures About Market
        Risk.**
 
 Not
        applicable.
 
 **Item
        8. Financial Statements and Supplementary Data.**
 
 Not
        applicable.
 
 **Item
        9. Changes in and Disagreements With Accountants on Accounting and Financial
        Disclosure.**
 
 None.
 
 **Item
        9A. Controls and Procedures.**
 
 Not
        applicable.
 
 **Item
        9B. Other Information.**
 
 None.
 
 
 **PART
        III**
 
 **Item
        10. Directors and Executive Officers of the Registrant.**
 
 Not
        applicable.
 
 **Item
        11. Executive Compensation.**
 
 Not
        applicable.
 
 **Item
        12. Security Ownership of Certain Beneficial Owners and Management and Related
        Stockholder Matters.**
 
 None.
 
 **Item
        13. Certain Relationships and Related Transactions.**
 
 Not
        applicable.
 
 **Item
        14. Principal Accounting Fees and Services.**
 
 Not
        applicable.
 
 
 **PART
        IV**
 
 
 **Item
        15. Exhibits, Financial Statement Schedules.**
 
 Exhibits
 
 The
        exhibits required to be filed by Registrant pursuant to Item 601 of Regulation
        S-K are listed in the Exhibit Index below:
 
 **EXHIBIT
        INDEX**
 **Exhibit
                  Number**
              **Description**31
              Sarbanes-Oxley
                  Certification99.1
              Annual
                  Report of Independent Registered Public Accounting Firm concerning
                  servicing activities99.2
              Management's
                  Assertion as to Compliance with Minimum Servicing
                  Standards99.3
              Annual
                  Statement of Compliance99.4
              Aggregate
                  Statement of Principal and Interest Distributions to Certificateholders
                  as
                  of December 31, 2005
 
 
 **SIGNATURES**
 
 Pursuant
        to the requirements of Section 13 or 15(d) of the Securities Exchange Act
        of
        1934, the registrant has duly caused this report to be signed on its behalf
        by
        the undersigned, thereunto duly authorized.
 
 Bear
        Stearns Asset Backed Securities I LLC
 (Registrant)
 
 Signed:
        EMC Mortgage Corporation, as Master Servicer
 
 By: /s/
          Sue Stepanek
 Sue
          Stepanek, Executive Vice President
  Date:
          March 27, 2006