|                            |           |           |               |       |               |  |                         |  |                |  |           |  |  |  |                | 
|--------------------------- | --------- | --------- | ------------- | ----- | ------------- |  | ----------------------- |  | -------------- |  | --------- |  |  |  | -------------- | 
|                            |           |           |               |       |               |  |                         |  |                |  |           |  |  |  |                | 
|                            |           |           |               |       |              
|GSAMP Trust Series 2005-HE5
|                            |           |           |               |       |               |  |                         |  |                |  |           |  |  |  |                | 
|2005 Annual Statement      
|                            |           |           |               |       |               |  |                         |  |                |  |           |  |  |  |                | 
|                            |           |           |               |       |               |  | DISTRIBUTION IN DOLLARS |  |                |  |           |  | 
|                            |           |           |               |       |               |  |                         |  |                |  |           |  |  |  | ENDING BALANCE | 
|PERIOD                      |           | CLASS     |               | CUSIP |               |  | INTEREST                |  |                |  | PRINCIPAL |  | 
|200512                      | A-1       | 362341YW3 | $1,737,132.57 |       | $5,877,162.06 |  | $399,686,837.94         | 
|                            |           |           |               |       |               |  |                         |  |                |  |           |  |  |  |                | 
|                            |           |           |               |       |               |  | $1,737,132.57           |  | $5,877,162.06  |  |           |  | 
|200512                      | A-2A      | 362341YX1 | $613,843.12   |       | $3,582,629.50 |  | $144,433,370.50         | 
|                            |           |           |               |       |               |  |                         |  |                |  |           |  |  |  |                | 
|                            |           |           |               |       |               |  | $613,843.12             |  | $3,582,629.50  |  |           |  | 
|200512                      | A-2B      | 362341YY9 | $191,209.71   |       | $0.00         |  | $45,362,000.00          | 
|                            |           |           |               |       |               |  |                         |  |                |  |           |  |  |  |                | 
|                            |           |           |               |       |               |  | $191,209.71             |  | $0.00          |  |           |  | 
|200512                      | A-2C      | 362341YZ6 | $227,946.07   |       | $0.00         |  | $53,218,000.00          | 
|                            |           |           |               |       |               |  |                         |  |                |  |           |  |  |  |                | 
|                            |           |           |               |       |               |  | $227,946.07             |  | $0.00          |  |           |  | 
|200512                      | A-2D      | 362341ZA0 | $203,275.88   |       | $0.00         |  | $46,405,000.00          | 
|                            |           |           |               |       |               |  |                         |  |                |  |           |  |  |  |                | 
|                            |           |           |               |       |               |  | $203,275.88             |  | $0.00          |  |           |  | 
|200512                      | B-1       | 362341ZK8 | $70,223.79    |       | $0.00         |  | $11,528,000.00          | 
|                            |           |           |               |       |               |  |                         |  |                |  |           |  |  |  |                | 
|                            |           |           |               |       |               |  | $70,223.79              |  | $0.00          |  |           |  | 
|200512                      | B-1_REMIC | GS05H5R07 | $70,223.79    |       | $0.00         |  | $11,528,000.00          | 
|                            |           |           |               |       |               |  |                         |  |                |  |           |  |  |  |                | 
|                            |           |           |               |       |               |  | $70,223.79              |  | $0.00          |  |           |  | 
|200512                      | B-2       | 362341ZL6 | $65,737.93    |       | $0.00         |  | $10,144,000.00          | 
|                            |           |           |               |       |               |  |                         |  |                |  |           |  |  |  |                | 
|                            |           |           |               |       |               |  | $65,737.93              |  | $0.00          |  |           |  | 
|200512                      | B-2_REMIC | GS05H5R08 | $65,737.93    |       | $0.00         |  | $10,144,000.00          | 
|                            |           |           |               |       |               |  |                         |  |                |  |           |  |  |  |                | 
|                            |           |           |               |       |               |  | $65,737.93              |  | $0.00          |  |           |  | 
|200512                      | B1-R      | GS05H5R10 | $0.00         |       | $0.00         |  | $0.00                   | 
|                            |           |           |               |       |               |  |                         |  |                |  |           |  |  |  |                | 
|                            |           |           |               |       |               |  | $0.00                   |  | $0.00          |  |           |  | 
|200512                      | B2-R      | GS05H5R11 | $0.00         |       | $0.00         |  | $0.00                   | 
|                            |           |           |               |       |               |  |                         |  |                |  |           |  |  |  |                | 
|                            |           |           |               |       |               |  | $0.00                   |  | $0.00          |  |           |  | 
|200512                      | LT-R      | GS05H5LR1 | $0.00         |       | $0.00         |  | $0.00                   | 
|                            |           |           |               |       |               |  |                         |  |                |  |           |  |  |  |                | 
|                            |           |           |               |       |               |  | $0.00                   |  | $0.00          |  |           |  | 
|200512                      | M-1       | 362341ZB8 | $164,455.98   |       | $0.00         |  | $36,888,000.00          | 
|                            |           |           |               |       |               |  |                         |  |                |  |           |  |  |  |                | 
|                            |           |           |               |       |               |  | $164,455.98             |  | $0.00          |  |           |  | 
|200512                      | M-2       | 362341ZC6 | $150,391.99   |       | $0.00         |  | $33,660,000.00          | 
|                            |           |           |               |       |               |  |                         |  |                |  |           |  |  |  |                | 
|                            |           |           |               |       |               |  | $150,391.99             |  | $0.00          |  |           |  | 
|200512                      | M-3       | 362341ZD4 | $105,754.75   |       | $0.00         |  | $23,516,000.00          | 
|                            |           |           |               |       |               |  |                         |  |                |  |           |  |  |  |                | 
|                            |           |           |               |       |               |  | $105,754.75             |  | $0.00          |  |           |  | 
|200512                      | M-4       | 362341ZE2 | $76,911.97    |       | $0.00         |  | $16,600,000.00          | 
|                            |           |           |               |       |               |  |                         |  |                |  |           |  |  |  |                | 
|                            |           |           |               |       |               |  | $76,911.97              |  | $0.00          |  |           |  | 
|200512                      | M-5       | 362341ZF9 | $77,391.48    |       | $0.00         |  | $16,599,000.00          | 
|                            |           |           |               |       |               |  |                         |  |                |  |           |  |  |  |                | 
|                            |           |           |               |       |               |  | $77,391.48              |  | $0.00          |  |           |  | 
|200512                      | M-6       | 362341ZG7 | $67,617.39    |       | $0.00         |  | $14,294,000.00          | 
|                            |           |           |               |       |               |  |                         |  |                |  |           |  |  |  |                | 
|                            |           |           |               |       |               |  | $67,617.39              |  | $0.00          |  |           |  | 
|200512                      | M-7       | 362341ZH5 | $81,599.92    |       | $0.00         |  | $15,217,000.00          | 
|                            |           |           |               |       |               |  |                         |  |                |  |           |  |  |  |                | 
|                            |           |           |               |       |               |  | $81,599.92              |  | $0.00          |  |           |  | 
|200512                      | M-8       | 362341ZJ1 | $63,493.61    |       | $0.00         |  | $11,527,000.00          | 
|                            |           |           |               |       |               |  |                         |  |                |  |           |  |  |  |                | 
|                            |           |           |               |       |               |  | $63,493.61              |  | $0.00          |  |           |  | 
|200512                      | M-8_REMIC | GS05H5R06 | $63,493.61    |       | $0.00         |  | $11,527,000.00          | 
|                            |           |           |               |       |               |  |                         |  |                |  |           |  |  |  |                | 
|                            |           |           |               |       |               |  | $63,493.61              |  | $0.00          |  |           |  | 
|200512                      | M8-R      | GS05H5R09 | $0.00         |       | $0.00         |  | $0.00                   | 
|                            |           |           |               |       |               |  |                         |  |                |  |           |  |  |  |                | 
|                            |           |           |               |       |               |  | $0.00                   |  | $0.00          |  |           |  | 
|200512                      | P         | 362341ZR3 | $67,284.85    |       | $0.00         |  | $0.00                   | 
|                            |           |           |               |       |               |  |                         |  |                |  |           |  |  |  |                | 
|                            |           |           |               |       |               |  | $67,284.85              |  | $0.00          |  |           |  | 
|200512                      | PT1-R     | GS05H51P1 | $0.00         |       | $0.00         |  | $0.00                   | 
|                            |           |           |               |       |               |  |                         |  |                |  |           |  |  |  |                | 
|                            |           |           |               |       |               |  | $0.00                   |  | $0.00          |  |           |  | 
|200512                      | PT2-R     | GS05H52P1 | $0.00         |       | $0.00         |  | $0.00                   | 
|                            |           |           |               |       |               |  |                         |  |                |  |           |  |  |  |                | 
|                            |           |           |               |       |               |  | $0.00                   |  | $0.00          |  |           |  | 
|200512                      | R-1       | 362341ZM4 | $0.00         |       | $50.00        |  | $0.00                   | 
|                            |           |           |               |       |               |  |                         |  |                |  |           |  |  |  |                | 
|                            |           |           |               |       |               |  | $0.00                   |  | $50.00         |  |           |  | 
|200512                      | R-2       | 362341ZN2 | $0.00         |       | $100.00       |  | $0.00                   | 
|                            |           |           |               |       |               |  |                         |  |                |  |           |  |  |  |                | 
|                            |           |           |               |       |               |  | $0.00                   |  | $100.00        |  |           |  | 
|200512                      | R-3       | 362341B73 | $0.00         |       | $50.00        |  | $0.00                   | 
|                            |           |           |               |       |               |  |                         |  |                |  |           |  |  |  |                | 
|                            |           |           |               |       |               |  | $0.00                   |  | $50.00         |  |           |  | 
|200512                      | REMIC1    | GS05H5R01 | $5,114,538.75 |       | $9,460,211.62 |  | $912,738,459.95         | 
|                            |           |           |               |       |               |  |                         |  |                |  |           |  |  |  |                | 
|                            |           |           |               |       |               |  | $5,114,538.75           |  | $9,460,211.62  |  |           |  | 
|200512                      | REMIC2    | GS05H5R02 | $5,114,538.75 |       | $9,460,211.62 |  | $912,738,459.95         | 
|                            |           |           |               |       |               |  |                         |  |                |  |           |  |  |  |                | 
|                            |           |           |               |       |               |  | $5,114,538.75           |  | $9,460,211.62  |  |           |  | 
|200512                      | REMIC3    | GS05H5R03 | $5,114,538.75 |       | $9,460,211.62 |  | $912,738,459.95         | 
|                            |           |           |               |       |               |  |                         |  |                |  |           |  |  |  |                | 
|                            |           |           |               |       |               |  | $5,114,538.75           |  | $9,460,211.62  |  |           |  | 
|200512                      | X         | 362341ZQ5 | $1,217,552.59 |       | $220.06       |  | $33,660,251.51          | 
|                            |           |           |               |       |               |  |                         |  |                |  |           |  |  |  |                | 
|                            |           |           |               |       |               |  | $1,217,552.59           |  | $220.06        |  |           |  | 
|200512                      | X-R       | GS05H5R12 | $0.00         |       | $0.00         |  | $0.00                   | 
|                            |           |           |               |       |               |  |                         |  |                |  |           |  |  |  |                | 
|                            |           |           |               |       |               |  | $0.00                   |  | $0.00          |  |           |  | 
|200512                      | X_REMIC   | GS05H5R05 | $1,217,552.59 |       | $270.06       |  | $33,660,201.51          | 
|                            |           |           |               |       |               |  |                         |  |                |  |           |  |  |  |                | 
|                            |           |           |               |       |               |  | $1,217,552.59           |  | $270.06        |  |           |  | 
|                            |           |           |               |       |               |  | $21,942,447.77          |  | $37,841,116.54 |  |           |  |