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|------------------------------------------------- | ----- | --------- | ------------- | ----- | -------------- |  | ----------------------- |  | --------------- |  | --------- |  |  |  | -------------- | 
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|                                                  |       |           |               |       |               
|Morgan Stanley ABS Capital I Inc. Series 2005-NC1
|                                                  |       |           |               |       |                |  |                         |  |                 |  |           |  |  |  |                | 
|2005 Annual Statement                            
|                                                  |       |           |               |       |                |  |                         |  |                 |  |           |  |  |  |                | 
|                                                  |       |           |               |       |                |  | DISTRIBUTION IN DOLLARS |  |                 |  |           |  | 
|                                                  |       |           |               |       |                |  |                         |  |                 |  |           |  |  |  | ENDING BALANCE | 
|PERIOD                                            |       | CLASS     |               | CUSIP |                |  | INTEREST                |  |                 |  | PRINCIPAL |  | 
|200503                                            | A-1MZ | 61744CME3 | $133,209.77   |       | $1,042,863.33  |  | $57,212,136.67          | 
|200504                                            | A-1MZ | 61744CME3 | $154,695.26   |       | $2,365,377.50  |  | $54,846,759.17          | 
|200505                                            | A-1MZ | 61744CME3 | $151,285.64   |       | $2,051,852.36  |  | $52,794,906.81          | 
|200506                                            | A-1MZ | 61744CME3 | $163,576.22   |       | $3,109,989.47  |  | $49,684,917.34          | 
|200507                                            | A-1MZ | 61744CME3 | $139,287.03   |       | $2,861,102.46  |  | $46,823,814.88          | 
|200508                                            | A-1MZ | 61744CME3 | $151,201.90   |       | $2,462,891.81  |  | $44,360,923.07          | 
|200509                                            | A-1MZ | 61744CME3 | $155,016.78   |       | $3,707,260.09  |  | $40,653,662.98          | 
|200510                                            | A-1MZ | 61744CME3 | $134,924.99   |       | $2,807,445.50  |  | $37,846,217.48          | 
|200511                                            | A-1MZ | 61744CME3 | $141,032.35   |       | $3,679,292.76  |  | $34,166,924.72          | 
|200512                                            | A-1MZ | 61744CME3 | $136,098.25   |       | $2,566,951.29  |  | $31,599,973.43          | 
|                                                  |       |           |               |       |                |  |                         |  |                 |  |           |  |  |  |                | 
|                                                  |       |           |               |       |                |  | $1,460,328.19           |  | $26,655,026.57  |  |           |  | 
|200503                                            | A-1SS | 61744CMD5 | $1,030,031.49 |       | $7,647,640.52  |  | $419,554,359.48         | 
|200504                                            | A-1SS | 61744CMD5 | $1,192,233.64 |       | $17,346,047.56 |  | $402,208,311.92         | 
|200505                                            | A-1SS | 61744CMD5 | $1,163,052.37 |       | $15,046,870.31 |  | $387,161,441.61         | 
|200506                                            | A-1SS | 61744CMD5 | $1,256,338.88 |       | $22,806,518.22 |  | $364,354,923.39         | 
|200507                                            | A-1SS | 61744CMD5 | $1,066,776.97 |       | $20,981,352.53 |  | $343,373,570.86         | 
|200508                                            | A-1SS | 61744CMD5 | $1,156,119.74 |       | $18,061,150.25 |  | $325,312,420.61         | 
|200509                                            | A-1SS | 61744CMD5 | $1,183,052.84 |       | $27,186,489.14 |  | $298,125,931.47         | 
|200510                                            | A-1SS | 61744CMD5 | $1,027,871.96 |       | $20,587,869.41 |  | $277,538,062.06         | 
|200511                                            | A-1SS | 61744CMD5 | $1,072,472.60 |       | $26,981,396.04 |  | $250,556,666.02         | 
|200512                                            | A-1SS | 61744CMD5 | $1,033,685.45 |       | $18,824,250.78 |  | $231,732,415.24         | 
|                                                  |       |           |               |       |                |  |                         |  |                 |  |           |  |  |  |                | 
|                                                  |       |           |               |       |                |  | $11,181,635.94          |  | $195,469,584.76 |  |           |  | 
|200503                                            | A-2A  | 61744CMF0 | $785,680.00   |       | $14,065,472.81 |  | $351,934,527.19         | 
|200504                                            | A-2A  | 61744CMF0 | $897,042.01   |       | $26,193,409.52 |  | $325,741,117.67         | 
|200505                                            | A-2A  | 61744CMF0 | $849,641.42   |       | $20,656,303.55 |  | $305,084,814.12         | 
|200506                                            | A-2A  | 61744CMF0 | $894,915.45   |       | $23,385,512.15 |  | $281,699,301.97         | 
|200507                                            | A-2A  | 61744CMF0 | $750,279.80   |       | $27,365,553.18 |  | $254,333,748.79         | 
|200508                                            | A-2A  | 61744CMF0 | $781,864.33   |       | $28,211,041.90 |  | $226,122,706.89         | 
|200509                                            | A-2A  | 61744CMF0 | $753,993.60   |       | $31,488,865.03 |  | $194,633,841.86         | 
|200510                                            | A-2A  | 61744CMF0 | $617,746.19   |       | $28,364,611.67 |  | $166,269,230.19         | 
|200511                                            | A-2A  | 61744CMF0 | $593,823.63   |       | $33,545,811.84 |  | $132,723,418.35         | 
|200512                                            | A-2A  | 61744CMF0 | $507,445.87   |       | $32,123,326.33 |  | $100,600,092.02         | 
|                                                  |       |           |               |       |                |  |                         |  |                 |  |           |  |  |  |                | 
|                                                  |       |           |               |       |                |  | $7,432,432.30           |  | $265,399,907.98 |  |           |  | 
|200503                                            | A-2B  | 61744CMG8 | $378,155.56   |       | $0.00          |  | $170,000,000.00         | 
|200504                                            | A-2B  | 61744CMG8 | $447,950.00   |       | $0.00          |  | $170,000,000.00         | 
|200505                                            | A-2B  | 61744CMG8 | $457,583.33   |       | $0.00          |  | $170,000,000.00         | 
|200506                                            | A-2B  | 61744CMG8 | $514,250.00   |       | $0.00          |  | $170,000,000.00         | 
|200507                                            | A-2B  | 61744CMG8 | $466,001.36   |       | $0.00          |  | $170,000,000.00         | 
|200508                                            | A-2B  | 61744CMG8 | $537,247.22   |       | $0.00          |  | $170,000,000.00         | 
|200509                                            | A-2B  | 61744CMG8 | $581,966.67   |       | $0.00          |  | $170,000,000.00         | 
|200510                                            | A-2B  | 61744CMG8 | $553,255.56   |       | $0.00          |  | $170,000,000.00         | 
|200511                                            | A-2B  | 61744CMG8 | $621,786.81   |       | $0.00          |  | $170,000,000.00         | 
|200512                                            | A-2B  | 61744CMG8 | $665,077.78   |       | $0.00          |  | $170,000,000.00         | 
|                                                  |       |           |               |       |                |  |                         |  |                 |  |           |  |  |  |                | 
|                                                  |       |           |               |       |                |  | $5,223,274.29           |  | $0.00           |  |           |  | 
|200503                                            | A-2C  | 61744CMH6 | $276,788.14   |       | $0.00          |  | $117,449,000.00         | 
|200504                                            | A-2C  | 61744CMH6 | $326,671.34   |       | $0.00          |  | $117,449,000.00         | 
|200505                                            | A-2C  | 61744CMH6 | $332,772.17   |       | $0.00          |  | $117,449,000.00         | 
|200506                                            | A-2C  | 61744CMH6 | $373,585.69   |       | $0.00          |  | $117,449,000.00         | 
|200507                                            | A-2C  | 61744CMH6 | $337,478.74   |       | $0.00          |  | $117,449,000.00         | 
|200508                                            | A-2C  | 61744CMH6 | $388,364.69   |       | $0.00          |  | $117,449,000.00         | 
|200509                                            | A-2C  | 61744CMH6 | $419,814.93   |       | $0.00          |  | $117,449,000.00         | 
|200510                                            | A-2C  | 61744CMH6 | $398,315.23   |       | $0.00          |  | $117,449,000.00         | 
|200511                                            | A-2C  | 61744CMH6 | $446,771.10   |       | $0.00          |  | $117,449,000.00         | 
|200512                                            | A-2C  | 61744CMH6 | $477,234.44   |       | $0.00          |  | $117,449,000.00         | 
|                                                  |       |           |               |       |                |  |                         |  |                 |  |           |  |  |  |                | 
|                                                  |       |           |               |       |                |  | $3,777,796.47           |  | $0.00           |  |           |  | 
|200503                                            | A-2MZ | 61744CMJ2 | $203,758.01   |       | $1,918,025.87  |  | $87,188,974.13          | 
|200504                                            | A-2MZ | 61744CMJ2 | $235,749.30   |       | $3,571,841.33  |  | $83,617,132.80          | 
|200505                                            | A-2MZ | 61744CMJ2 | $230,643.92   |       | $2,816,778.72  |  | $80,800,354.08          | 
|200506                                            | A-2MZ | 61744CMJ2 | $250,346.43   |       | $3,188,944.86  |  | $77,611,409.22          | 
|200507                                            | A-2MZ | 61744CMJ2 | $217,576.34   |       | $3,731,679.67  |  | $73,879,729.55          | 
|200508                                            | A-2MZ | 61744CMJ2 | $238,569.96   |       | $3,846,974.00  |  | $70,032,755.55          | 
|200509                                            | A-2MZ | 61744CMJ2 | $244,725.57   |       | $4,293,951.47  |  | $65,738,804.08          | 
|200510                                            | A-2MZ | 61744CMJ2 | $218,179.79   |       | $3,867,915.40  |  | $61,870,888.68          | 
|200511                                            | A-2MZ | 61744CMJ2 | $230,559.29   |       | $4,574,445.22  |  | $57,296,443.46          | 
|200512                                            | A-2MZ | 61744CMJ2 | $228,230.83   |       | $4,380,469.23  |  | $52,915,974.23          | 
|                                                  |       |           |               |       |                |  |                         |  |                 |  |           |  |  |  |                | 
|                                                  |       |           |               |       |                |  | $2,298,339.44           |  | $36,191,025.77  |  |           |  | 
|200503                                            | B-1   | 61744CMR4 | $70,667.57    |       | $0.00          |  | $23,297,000.00          | 
|200504                                            | B-1   | 61744CMR4 | $82,251.35    |       | $0.00          |  | $23,297,000.00          | 
|200505                                            | B-1   | 61744CMR4 | $82,898.49    |       | $0.00          |  | $23,297,000.00          | 
|200506                                            | B-1   | 61744CMR4 | $92,683.23    |       | $0.00          |  | $23,297,000.00          | 
|200507                                            | B-1   | 61744CMR4 | $82,706.06    |       | $0.00          |  | $23,297,000.00          | 
|200508                                            | B-1   | 61744CMR4 | $94,488.75    |       | $0.00          |  | $23,297,000.00          | 
|200509                                            | B-1   | 61744CMR4 | $101,290.18   |       | $0.00          |  | $23,297,000.00          | 
|200510                                            | B-1   | 61744CMR4 | $95,336.50    |       | $0.00          |  | $23,297,000.00          | 
|200511                                            | B-1   | 61744CMR4 | $106,074.15   |       | $0.00          |  | $23,297,000.00          | 
|200512                                            | B-1   | 61744CMR4 | $112,679.82   |       | $0.00          |  | $23,297,000.00          | 
|                                                  |       |           |               |       |                |  |                         |  |                 |  |           |  |  |  |                | 
|                                                  |       |           |               |       |                |  | $921,076.10             |  | $0.00           |  |           |  | 
|200503                                            | B-2   | 61744CMS2 | $39,253.78    |       | $0.00          |  | $12,777,000.00          | 
|200504                                            | B-2   | 61744CMS2 | $45,660.03    |       | $0.00          |  | $12,777,000.00          | 
|200505                                            | B-2   | 61744CMS2 | $45,997.20    |       | $0.00          |  | $12,777,000.00          | 
|200506                                            | B-2   | 61744CMS2 | $51,416.78    |       | $0.00          |  | $12,777,000.00          | 
|200507                                            | B-2   | 61744CMS2 | $45,856.17    |       | $0.00          |  | $12,777,000.00          | 
|200508                                            | B-2   | 61744CMS2 | $52,371.50    |       | $0.00          |  | $12,777,000.00          | 
|200509                                            | B-2   | 61744CMS2 | $56,119.42    |       | $0.00          |  | $12,777,000.00          | 
|200510                                            | B-2   | 61744CMS2 | $52,800.95    |       | $0.00          |  | $12,777,000.00          | 
|200511                                            | B-2   | 61744CMS2 | $58,725.40    |       | $0.00          |  | $12,777,000.00          | 
|200512                                            | B-2   | 61744CMS2 | $62,365.96    |       | $0.00          |  | $12,777,000.00          | 
|                                                  |       |           |               |       |                |  |                         |  |                 |  |           |  |  |  |                | 
|                                                  |       |           |               |       |                |  | $510,567.19             |  | $0.00           |  |           |  | 
|200503                                            | B-3   | 61744CMT0 | $70,669.67    |       | $0.00          |  | $19,540,000.00          | 
|200504                                            | B-3   | 61744CMT0 | $81,606.64    |       | $0.00          |  | $19,540,000.00          | 
|200505                                            | B-3   | 61744CMT0 | $81,742.33    |       | $0.00          |  | $19,540,000.00          | 
|200506                                            | B-3   | 61744CMT0 | $91,170.38    |       | $0.00          |  | $19,540,000.00          | 
|200507                                            | B-3   | 61744CMT0 | $80,766.77    |       | $0.00          |  | $19,540,000.00          | 
|200508                                            | B-3   | 61744CMT0 | $91,870.57    |       | $0.00          |  | $19,540,000.00          | 
|200509                                            | B-3   | 61744CMT0 | $97,982.24    |       | $0.00          |  | $19,540,000.00          | 
|200510                                            | B-3   | 61744CMT0 | $91,767.44    |       | $0.00          |  | $19,540,000.00          | 
|200511                                            | B-3   | 61744CMT0 | $101,587.65   |       | $0.00          |  | $19,540,000.00          | 
|200512                                            | B-3   | 61744CMT0 | $107,535.13   |       | $0.00          |  | $19,540,000.00          | 
|                                                  |       |           |               |       |                |  |                         |  |                 |  |           |  |  |  |                | 
|                                                  |       |           |               |       |                |  | $896,698.82             |  | $0.00           |  |           |  | 
|200503                                            | M-1   | 61744CMK9 | $111,985.72   |       | $0.00          |  | $46,596,000.00          | 
|200504                                            | M-1   | 61744CMK9 | $132,009.06   |       | $0.00          |  | $46,596,000.00          | 
|200505                                            | M-1   | 61744CMK9 | $134,351.80   |       | $0.00          |  | $46,596,000.00          | 
|200506                                            | M-1   | 61744CMK9 | $150,776.89   |       | $0.00          |  | $46,596,000.00          | 
|200507                                            | M-1   | 61744CMK9 | $136,063.74   |       | $0.00          |  | $46,596,000.00          | 
|200508                                            | M-1   | 61744CMK9 | $156,484.90   |       | $0.00          |  | $46,596,000.00          | 
|200509                                            | M-1   | 61744CMK9 | $169,039.93   |       | $0.00          |  | $46,596,000.00          | 
|200510                                            | M-1   | 61744CMK9 | $160,277.30   |       | $0.00          |  | $46,596,000.00          | 
|200511                                            | M-1   | 61744CMK9 | $179,656.70   |       | $0.00          |  | $46,596,000.00          | 
|200512                                            | M-1   | 61744CMK9 | $191,820.20   |       | $0.00          |  | $46,596,000.00          | 
|                                                  |       |           |               |       |                |  |                         |  |                 |  |           |  |  |  |                | 
|                                                  |       |           |               |       |                |  | $1,522,466.24           |  | $0.00           |  |           |  | 
|200503                                            | M-2   | 61744CML7 | $74,772.88    |       | $0.00          |  | $30,813,000.00          | 
|200504                                            | M-2   | 61744CML7 | $88,090.94    |       | $0.00          |  | $30,813,000.00          | 
|200505                                            | M-2   | 61744CML7 | $89,614.48    |       | $0.00          |  | $30,813,000.00          | 
|200506                                            | M-2   | 61744CML7 | $100,553.09   |       | $0.00          |  | $30,813,000.00          | 
|200507                                            | M-2   | 61744CML7 | $90,695.19    |       | $0.00          |  | $30,813,000.00          | 
|200508                                            | M-2   | 61744CML7 | $104,276.33   |       | $0.00          |  | $30,813,000.00          | 
|200509                                            | M-2   | 61744CML7 | $112,604.40   |       | $0.00          |  | $30,813,000.00          | 
|200510                                            | M-2   | 61744CML7 | $106,732.81   |       | $0.00          |  | $30,813,000.00          | 
|200511                                            | M-2   | 61744CML7 | $119,599.38   |       | $0.00          |  | $30,813,000.00          | 
|200512                                            | M-2   | 61744CML7 | $127,668.53   |       | $0.00          |  | $30,813,000.00          | 
|                                                  |       |           |               |       |                |  |                         |  |                 |  |           |  |  |  |                | 
|                                                  |       |           |               |       |                |  | $1,014,608.03           |  | $0.00           |  |           |  | 
|200503                                            | M-3   | 61744CMM5 | $53,564.81    |       | $0.00          |  | $21,794,000.00          | 
|200504                                            | M-3   | 61744CMM5 | $63,057.31    |       | $0.00          |  | $21,794,000.00          | 
|200505                                            | M-3   | 61744CMM5 | $64,110.68    |       | $0.00          |  | $21,794,000.00          | 
|200506                                            | M-3   | 61744CMM5 | $71,920.20    |       | $0.00          |  | $21,794,000.00          | 
|200507                                            | M-3   | 61744CMM5 | $64,826.64    |       | $0.00          |  | $21,794,000.00          | 
|200508                                            | M-3   | 61744CMM5 | $74,505.21    |       | $0.00          |  | $21,794,000.00          | 
|200509                                            | M-3   | 61744CMM5 | $80,419.86    |       | $0.00          |  | $21,794,000.00          | 
|200510                                            | M-3   | 61744CMM5 | $76,194.25    |       | $0.00          |  | $21,794,000.00          | 
|200511                                            | M-3   | 61744CMM5 | $85,343.19    |       | $0.00          |  | $21,794,000.00          | 
|200512                                            | M-3   | 61744CMM5 | $91,074.70    |       | $0.00          |  | $21,794,000.00          | 
|                                                  |       |           |               |       |                |  |                         |  |                 |  |           |  |  |  |                | 
|                                                  |       |           |               |       |                |  | $725,016.85             |  | $0.00           |  |           |  | 
|200503                                            | M-4   | 61744CMN3 | $89,538.89    |       | $0.00          |  | $34,571,000.00          | 
|200504                                            | M-4   | 61744CMN3 | $105,086.24   |       | $0.00          |  | $34,571,000.00          | 
|200505                                            | M-4   | 61744CMN3 | $106,593.92   |       | $0.00          |  | $34,571,000.00          | 
|200506                                            | M-4   | 61744CMN3 | $119,471.61   |       | $0.00          |  | $34,571,000.00          | 
|200507                                            | M-4   | 61744CMN3 | $107,403.11   |       | $0.00          |  | $34,571,000.00          | 
|200508                                            | M-4   | 61744CMN3 | $123,245.62   |       | $0.00          |  | $34,571,000.00          | 
|200509                                            | M-4   | 61744CMN3 | $132,791.05   |       | $0.00          |  | $34,571,000.00          | 
|200510                                            | M-4   | 61744CMN3 | $125,598.36   |       | $0.00          |  | $34,571,000.00          | 
|200511                                            | M-4   | 61744CMN3 | $140,437.49   |       | $0.00          |  | $34,571,000.00          | 
|200512                                            | M-4   | 61744CMN3 | $149,692.43   |       | $0.00          |  | $34,571,000.00          | 
|                                                  |       |           |               |       |                |  |                         |  |                 |  |           |  |  |  |                | 
|                                                  |       |           |               |       |                |  | $1,199,858.72           |  | $0.00           |  |           |  | 
|200503                                            | M-5   | 61744CMP8 | $59,270.93    |       | $0.00          |  | $22,546,000.00          | 
|200504                                            | M-5   | 61744CMP8 | $69,504.31    |       | $0.00          |  | $22,546,000.00          | 
|200505                                            | M-5   | 61744CMP8 | $70,456.25    |       | $0.00          |  | $22,546,000.00          | 
|200506                                            | M-5   | 61744CMP8 | $78,948.58    |       | $0.00          |  | $22,546,000.00          | 
|200507                                            | M-5   | 61744CMP8 | $70,921.35    |       | $0.00          |  | $22,546,000.00          | 
|200508                                            | M-5   | 61744CMP8 | $81,347.22    |       | $0.00          |  | $22,546,000.00          | 
|200509                                            | M-5   | 61744CMP8 | $87,603.74    |       | $0.00          |  | $22,546,000.00          | 
|200510                                            | M-5   | 61744CMP8 | $82,818.97    |       | $0.00          |  | $22,546,000.00          | 
|200511                                            | M-5   | 61744CMP8 | $92,559.16    |       | $0.00          |  | $22,546,000.00          | 
|200512                                            | M-5   | 61744CMP8 | $98,626.22    |       | $0.00          |  | $22,546,000.00          | 
|                                                  |       |           |               |       |                |  |                         |  |                 |  |           |  |  |  |                | 
|                                                  |       |           |               |       |                |  | $792,056.73             |  | $0.00           |  |           |  | 
|200503                                            | M-6   | 61744CMQ6 | $41,982.78    |       | $0.00          |  | $15,783,000.00          | 
|200504                                            | M-6   | 61744CMQ6 | $49,199.12    |       | $0.00          |  | $15,783,000.00          | 
|200505                                            | M-6   | 61744CMQ6 | $49,847.98    |       | $0.00          |  | $15,783,000.00          | 
|200506                                            | M-6   | 61744CMQ6 | $55,845.52    |       | $0.00          |  | $15,783,000.00          | 
|200507                                            | M-6   | 61744CMQ6 | $50,138.49    |       | $0.00          |  | $15,783,000.00          | 
|200508                                            | M-6   | 61744CMQ6 | $57,489.58    |       | $0.00          |  | $15,783,000.00          | 
|200509                                            | M-6   | 61744CMQ6 | $61,886.90    |       | $0.00          |  | $15,783,000.00          | 
|200510                                            | M-6   | 61744CMQ6 | $58,484.78    |       | $0.00          |  | $15,783,000.00          | 
|200511                                            | M-6   | 61744CMQ6 | $65,338.33    |       | $0.00          |  | $15,783,000.00          | 
|200512                                            | M-6   | 61744CMQ6 | $69,603.03    |       | $0.00          |  | $15,783,000.00          | 
|                                                  |       |           |               |       |                |  |                         |  |                 |  |           |  |  |  |                | 
|                                                  |       |           |               |       |                |  | $559,816.51             |  | $0.00           |  |           |  | 
|200503                                            | P     | MS05C1102 | $75,708.13    |       | $0.00          |  | $0.00                   | 
|200504                                            | P     | MS05C1102 | $567,256.61   |       | $0.00          |  | $0.00                   | 
|200505                                            | P     | MS05C1102 | $875,729.78   |       | $0.00          |  | $0.00                   | 
|200506                                            | P     | MS05C1102 | $732,987.80   |       | $0.00          |  | $0.00                   | 
|200507                                            | P     | MS05C1102 | $987,134.14   |       | $0.00          |  | $0.00                   | 
|200508                                            | P     | MS05C1102 | $908,795.51   |       | $0.00          |  | $0.00                   | 
|200509                                            | P     | MS05C1102 | $1,087,140.15 |       | $0.00          |  | $0.00                   | 
|200510                                            | P     | MS05C1102 | $1,014,820.84 |       | $0.00          |  | $0.00                   | 
|200511                                            | P     | MS05C1102 | $1,036,503.37 |       | $0.00          |  | $0.00                   | 
|200512                                            | P     | MS05C1102 | $782,900.77   |       | $0.00          |  | $0.00                   | 
|                                                  |       |           |               |       |                |  |                         |  |                 |  |           |  |  |  |                | 
|                                                  |       |           |               |       |                |  | $8,068,977.10           |  | $0.00           |  |           |  | 
|200503                                            | R     | MS05C1103 | $0.00         |       | $0.00          |  | $0.00                   | 
|200504                                            | R     | MS05C1103 | $0.00         |       | $0.00          |  | $0.00                   | 
|200505                                            | R     | MS05C1103 | $0.00         |       | $0.00          |  | $0.00                   | 
|200506                                            | R     | MS05C1103 | $0.00         |       | $0.00          |  | $0.00                   | 
|200507                                            | R     | MS05C1103 | $0.00         |       | $0.00          |  | $0.00                   | 
|200508                                            | R     | MS05C1103 | $0.00         |       | $0.00          |  | $0.00                   | 
|200509                                            | R     | MS05C1103 | $0.00         |       | $0.00          |  | $0.00                   | 
|200510                                            | R     | MS05C1103 | $0.00         |       | $0.00          |  | $0.00                   | 
|200511                                            | R     | MS05C1103 | $0.00         |       | $0.00          |  | $0.00                   | 
|200512                                            | R     | MS05C1103 | $0.00         |       | $0.00          |  | $0.00                   | 
|                                                  |       |           |               |       |                |  |                         |  |                 |  |           |  |  |  |                | 
|                                                  |       |           |               |       |                |  | $0.00                   |  | $0.00           |  |           |  | 
|200503                                            | X     | MS05C1101 | $4,962,063.94 |       | $33.47         |  | $47,346,924.53          | 
|200504                                            | X     | MS05C1101 | $4,268,318.01 |       | $0.00          |  | $47,346,924.53          | 
|200505                                            | X     | MS05C1101 | $4,040,106.64 |       | $0.00          |  | $47,346,924.53          | 
|200506                                            | X     | MS05C1101 | $3,452,460.14 |       | $0.00          |  | $47,346,924.53          | 
|200507                                            | X     | MS05C1101 | $3,708,696.91 |       | $0.00          |  | $47,346,924.53          | 
|200508                                            | X     | MS05C1101 | $3,018,022.71 |       | $0.00          |  | $47,346,924.53          | 
|200509                                            | X     | MS05C1101 | $2,574,993.88 |       | $0.00          |  | $47,346,924.53          | 
|200510                                            | X     | MS05C1101 | $2,602,241.90 |       | $0.00          |  | $47,346,924.53          | 
|200511                                            | X     | MS05C1101 | $2,046,721.99 |       | $0.00          |  | $47,346,924.53          | 
|200512                                            | X     | MS05C1101 | $1,640,821.10 |       | $0.00          |  | $47,346,924.53          | 
|                                                  |       |           |               |       |                |  |                         |  |                 |  |           |  |  |  |                | 
|                                                  |       |           |               |       |                |  | $32,314,447.22          |  | $33.47          |  |           |  | 
|                                                  |       |           |               |       |                |  | $79,899,396.14          |  | $523,715,578.55 |  |           |  |