|Exhibit 99.5 Holders of Record, holding 5% or more of the outstanding balance for Bear Stearns Asset Backed Securities I Trust 2004-HE5, Asset-Backed Certificates, Series 2004-HE5 as reflected in the security position listing as of December 31, 2004 provided by DTC.  Class
Name and Address of Holder


Amount Held
% Class
I-A-1
Mellon Trust




126,935,000
100%

525 William Penn Place, Suite 3418

Pittsburgh, PA 15259
I-A-2
LaSalle Bank NA



8,581,000
41%

135 S. LaSalle Street

Chicago, IL 60603

SSB&T Co




7,196,000
34%

1776 Heritage Drive Global Corporate Action  Unit JAB 5NW

No. Quincy, MA 02171

Wells Fargo Bank NA



5,000,000
24%

733 Marquette Avenue



Minneapolis, MN 55479
II-A
FA MA INVT




166,214,000
100%

3900 Wisconsin Avenue NW

Washington, DC 20016

III-A
FHL/RETAIN




532,859,000
100%

155 Parkrun Drive

Mail Stop 5DN

McLean, VA 22102
M-1
JP Morgan Chase Bank NA


24,692,000
39%

14201 Dallas Parkway

Dallas, TX 75254

LaSalle Bank NA



34,552,000
55%

135 S. LaSalle Street

Chicago, IL 60603

SSB&T Co




3,500,000
5%

1776 Heritage Drive Global Corporate Action  Unit JAB 5NW

No. Quincy, MA 02171
M-2
The Bank of New York



23,617,000
46%

One Wall Street

New York, NY 10286

LaSalle Bank NA



5,000,000
9%

135 S. LaSalle Street

Chicago, IL 60603
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|Wells Fargo Bank NA



5,000,000
9%

733 Marquette Avenue



Minneapolis, MN 55479

SSB&T Co




15,000,000
29%

1776 Heritage Drive Global Corporate Action  Unit JAB 5NW

No. Quincy, MA 02171
M-3
LaSalle Bank NA



8,236,000
58%

135 S. LaSalle Street

Chicago, IL 60603

SSB&T Co




6,000,000
42%

1776 Heritage Drive Global Corporate Action  Unit JAB 5NW

No. Quincy, MA 02171
M-4
JP Morgan Chase Bank NA


12,127,000
100%

14201 Dallas Parkway

Dallas, TX 75254
M-5
JP Morgan Chase Bank NA


10,545,000
100%

14201 Dallas Parkway

Dallas, TX 75254
M-6
Bank of New York/CNTRY


4,000,000
38%

One Wall Street, Fifth Floor


New York, NY 10015

LaSalle Bank NA



6,545,000
62%

135 S. LaSalle Street

Chicago, IL 60603                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                              
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