UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                            Washington, D.C. 20549

                                   FORM 10-K

(Mark One)

[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
EXCHANGE ACT OF 1934

         For the transition period from               to
                                        -------------    -------------

                     Commission file number: 333-118926-25
                                             -------------


                    Aames Mortgage Investment Trust 2005-2,
                     Mortgage-Backed Notes, Series 2005-2
            ------------------------------------------------------
            (Exact name of Registrant as specified in its charter)

              Delaware                                  95-4596514
-------------------------------             -----------------------------------
(State or other jurisdiction of             I.R.S. Employer Identification No.)
incorporation or organization)

c/o      CWABS, Inc.
         4500 Park Granada
         Calabasas, California                              91302
----------------------------------------          -------------------------
(Address of principal executive offices)                 (Zip Code)

Registrant's telephone number, including area code:   (818) 225-3000
                                                      --------------

Securities registered pursuant to Section 12(b) of the Act:  None
                                                             ----

Securities registered pursuant to Section 12(g) of the Act:  None
                                                             ----

<PAGE>

     Indicate by check mark if the registrant is a well-known seasoned issuer,
as defined in Rule 405 of the Securities Act. [ ] Yes  [X] No

     Indicate by check mark if the registrant is not required to file reports
pursuant to Section 13 or Section 15(d) of the Act. [ ] Yes [X] No

     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. [X] Yes [ ] No

     Indicate by check mark if disclosure of delinquent filers pursuant to
Item 405 of Regulation S-K (ss.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. [X]

     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 filer [   ] Accelerated filer [   ]  Non-accelerated filer [X]

     Indicate by check mark whether the registrant is a shell company (as
defined in Rule 12b-2 of the Act). [ ] Yes [X] No

     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



                                      2
<PAGE>

                      DOCUMENTS INCORPORATED BY REFERENCE

                                     None.

                                     * * *


         This Annual Report on Form 10-K (the "Report") is filed with respect
to the Aames Mortgage Investment Trust 2005-2, (the "Trust"), a statutory
trust formed under the laws of the State of Delaware pursuant to the amended
and restated trust agreement dated May 31, 2005 (the "Trust Agreement") among
CWABS, Inc., as depositor (the "Company"), Wilmington Trust Company, as owner
trustee (the "Owner Trustee") and Wells Fargo Bank, N.A., as trust
administrator (the "Trust Administrator"), for the issuance of Mortgage-Backed
Notes, Series 2005-2 (the "Notes"), issued pursuant to an Indenture, dated as
of May 1, 2005 (the "Indenture") among the Trust, the Trust Administrator and
Deutsche Bank National Trust Company, as indenture trustee (the "Trustee").
The assets of the Trust are comprised of assets sold to the Trust pursuant to
a mortgage loan purchase and assignment agreement, dated as of May 1, 2005
(the "Mortgage Loan Purchase and Assignment Agreement") between Aames
Investment Corporation, as the seller (the "Seller") and the Company, as
purchaser and a transfer and servicing agreement, dated as of May 1, 2005 (the
"Transfer and Servicing Agreement") among the Trust, the Company, the Trust
Administrator, as trust administrator and master servicer (the "Master
Servicer"), Aames Capital Corporation, as servicer (the "Servicer"), the Seller
and the Trustee, as indenture trustee. Certain information otherwise required
to be included in this Report by the Instructions to Form 10-K has been
omitted in reliance on the relief granted by the Commission to other companies
in similar circumstances, in particular, the relief granted in CWMBS, Inc.
(February 3, 1994) (collectively, the "Relief Letters").



                                      3
<PAGE>

                                    PART I


Item 1.           Business.

                  Not applicable.  See the Relief Letters.

Item 1A.          Risk Factors.

                  Not applicable.

Item 1B.          Unresolved Staff Comments.

                  None.

Item 2.           Properties.

                  Not applicable.  See the Relief Letters.

Item 3.           Legal Proceedings.

                  There were no material pending legal proceedings relating to
                  the Trust to which any of the Trust, the Trustee, the Owner
                  Trustee, the Securities Administrator, the Master Servicer,
                  the Servicer or the Company was a party or of which any of
                  their respective properties was the subject during the fiscal
                  year covered by this Report other than ordinary routine
                  litigation incidental to the duties of the Trust, the
                  Trustee, the Owner Trustee, the Securities Administrator,
                  the Master Servicer, the Servicer or the Company, nor is the
                  Company aware of any such proceedings contemplated by
                  governmental authorities.

Item 4.           Submission of Matters to a Vote of Security Holders.

                  No matter was submitted to a vote of Noteholders, and no
                  Noteholder consent was solicited during the fiscal year
                  covered by this Report.



                                      4
<PAGE>

                                    PART II


Item 5.           Market for Registrant's Common Equity, Related Stockholder
                  Matters and Issuer Purchases of Equity Securities.

                  (a)    Item 201 of Regulation S-K:

                      i. Market Information. There is no established public
                         trading market for the Notes.

                     ii. Holders. As of December 31, 2005 there were less
                         than 300 holders of record of the Notes.
                                                           -----

                    iii. Dividends. Not applicable. See the Relief
                         Letters. (Information as to distributions to
                         Noteholders is provided in the Registrant's monthly
                         filings on Form 8-K.)

                     iv. Securities Authorized for Issuance Under Equity
                         Compensation Plans. Not applicable.

                         Item 701 of Regulation S-K. Not applicable.

                  (b)    Rule 463 of the Securities Act of 1933. Not
                         applicable.

                  (c)    Item 703 of Regulation S-K. Not applicable as the
                         Registrant has no class of equity securities
                         registered pursuant to section 12 of the Securities
                         Exchange Act of 1934.

Item 6.           Selected Financial Data.

                  Not applicable.  See the Relief Letters.

Item 7.           Management's Discussion and Analysis of Financial Condition
                  and Results of Operation.

                  Not applicable.  See the Relief Letters.

Item 7A           Quantitative and Qualitative Disclosures about Market Risk.

                  Not applicable.

Item 8.           Financial Statements and Supplementary Data.

                  Not applicable.  See the Relief Letters.



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<PAGE>

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.



                                      6
<PAGE>

                                   PART III


Item 10.          Directors and Executive Officers of the Registrant.

                  Not applicable.  See the Relief Letters.

Item 11.          Executive Compensation.

                  Not applicable.  See the Relief Letters.

Item 12.          Security Ownership of Certain Beneficial Owners, Management
                  and Related Stockholder Matters.

                  Information required by Item 201(d) of Regulation S-K: Not
                  applicable.

                  Information required by Item 403 of Regulation S-K:

                  (a) Not applicable. See the Relief Letters.

                  (b) Not applicable. See the Relief Letters.

                  (c) Not applicable. See the Relief Letters.

Item 13.          Certain Relationships and Related Transactions.

                  Not applicable.  See the Relief Letters.

Item 14.          Principal Accounting Fees and Services.

                  Not applicable.



                                      7
<PAGE>

                                    PART IV

Item 15.          Exhibits and Financial Statement Schedules.

                  (a)     (1) Pursuant to the Transfer and Servicing Agreement,
                              the Master Servicer is required (i) to deliver an
                              annual statement as to compliance with the
                              provisions of the Transfer and Servicing Agreement
                              and certain other matters (the "Annual Statement
                              of the Master Servicer") and (ii) to cause a firm
                              of independent public accountants to deliver an
                              annual report as to compliance with the servicing
                              provisions of the Transfer and Servicing Agreement
                              (the "Annual Report of the Firm of Accountants").
                              The Annual Statement of the Master Servicer is
                              attached as Exhibit 99.1 to this Report.  The
                              Annual Report of the Firm of Accountants is
                              attached as Exhibit 99.2 to this Report. See
                              Relief Letters.

                           (2) Not applicable.

                           (3) The required exhibits are as follows:

                               o    Exhibit 3(i): Copy of Company's
                                    Certificate of Incorporation (Filed
                                    as an Exhibit to Registration
                                    Statement on Form S-3 (File No.
                                    33-11095)).

                               o    Exhibit 3(ii): Copy of Company's
                                    By-laws (Filed as an Exhibit to
                                    Registration Statement on Form S-3
                                    (File No. 33-11095)).

                               o    Exhibit 4(i): Transfer and Servicing
                                    Agreement (Filed as part of the
                                    Registrant's Current Report on Form
                                    8-K filed on June 15, 2006).

                               o    Exhibit 4(ii): Mortgage Loan Purchase
                                    and Assignment Agreement (Filed as
                                    part of the Registrant's Current
                                    Report on Form 8-K filed on June 15,
                                    2006).

                               o    Exhibit 4(iii): Indenture (Filed as
                                    part of the Registrant's Current
                                    Report on Form 8-K filed on June 15,
                                    2006).

                               o    Exhibit 31:  Rule 15d-14(a) Certification.

                               o    Exhibit 99.1:  Annual Statement of the
                                    Master Servicer.

                               o    Exhibit 99.2: Report on Management's
                                    Assertion on Compliance with the Minimum
                                    Servicing Standards Set Forth in the
                                    Uniform Single Attestation Program for
                                    Mortgage Bankers.



                                      8
<PAGE>


                               o    Exhibit 99.3:  Annual Statement of the
                                    Servicer.

                               o    Exhibit 99.5: Trust Agreement (Filed
                                    as part of the Registrant's Current
                                    Report on Form 8-K filed on June 15,
                                    2006).

                  (b) See subparagraph (a)(3) above.

                  (c) Not applicable. See the Relief Letters.



                                      9
<PAGE>

                                  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.

                                        CWABS, INC.
                                        AAMES MORTGAGE INVESTMENT TRUST 2005-2,
                                        MORTGAGE-BACKED NOTES.

                                        By:   CWABS, Inc.,
                                              as Depositor*

                                        By:   /s/ David A. Spector
                                              ---------------------
                                              Name: David A. Spector
                                              Title: Vice President



                                        Date: March 29, 2006




_________________

* This Report is being filed by the Depositor on behalf of the Trust. The
Trust does not have any officers or directors.



                                      10
<PAGE>

         SUPPLEMENTAL INFORMATION TO BE FURNISHED WITH REPORTS FILED PURSUANT
TO SECTION 15(d) OF THE ACT BY REGISTRANTS WHICH HAVE NOT REGISTERED
SECURITIES PURSUANT TO SECTION 12 OF THE ACT.

         No such annual report, proxy statement, form of proxy or other
soliciting material has been, or will be, sent to Noteholders. See the Relief
Letters.



                                      11
<PAGE>

                                 EXHIBIT INDEX



Exhibit            Document

3(i)              Company's Certificate of Incorporation (Filed as an Exhibit to
                  Registration Statement on Form S-3 (File No. 33-11095))*

3(ii)             Company's By-laws (Filed as an Exhibit to Registration
                  Statement on Form S-3 (File No. 33-11095))*

4(i)              Transfer and Servicing Agreement (Filed as part of the
                  Company's Current Report on Form 8-K filed on June 15,
                  2006)*

4(ii)             Mortgage Loan Purchase and Assignment Agreement (Filed as part
                  of the Registrant's Current Report on  Form 8-K filed on
                  June 15, 2006).

4(iii)            Indenture (Filed as part of the Company's Current Report on
                  Form 8-K filed on June 15, 2006)*

31                Rule 15d-14(a) Certification

99.1              Annual Statement of the Master Servicer

99.2              Report on Management's Assertion on Compliance with the
                  Minimum Servicing Standards Set Forth in the Uniform Single
                  Attestation Program for Mortgage Bankers.

99.3              Annual Statement of the Servicer

99.5              Trust Agreement (Filed as part of the Company's
                  Current Report on Form 8-K filed on June 15, 2006)*












_____________

*        Incorporated herein by reference.



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