|Exhibit 99.5 Holders of Record, holding 5% or more of the outstanding balance for Bear Stearns Asset Backed Securities I LLC, Bear Stearns Asset Backed Securities I Trust 2004-FR1, Asset-Backed Certificates, Series 2004-FR1as 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




160,545,000
100%

525 William Penn Place

Suite 3418

Pittsburg, PA  15259
I-A-2
BONY/SO GE



5,843,000
23%
One Wall Street New York, NY  10286 LaSalle Bank




14,000,000
56%

135 South LaSalle Street

Chicago, IL  60603 SSB&T Co.




5,000,000
20%

1776 Heritage Drive

Global Corporate Action Unit JAB 5NW

No. Quincy, MA  02171
II-A
FA MA INVT




185,420,000
100%

3900 Wisconsin Avenue, NW

Washington, DC 20016
M-1
JP Morgan Chase Bank NA


19,091,000
63%

14201 Dallas Parkway

Dallas, TX 75254

LaSalle Bank




11,150,000
37%

135 South LaSalle Street

Chicago, IL  60603
M-2
CIBCWRLD




9,305,000
100%

20 Dundas Street 12 th Floor Toronto, ON M5G 2C2


M-3
JP Morgan Chase Bank NA


6,310,500
41%

14201 Dallas Parkway

Dallas, TX 75254

LaSalle Bank




3,810,500
25%

135 South LaSalle Street

Chicago, IL  60603

Wells Bank




5,000,000
33%

733 Marquette Avenue

Minneapolis, MN  55479
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|M-4
LaSalle Bank




950,000
14%

135 South LaSalle Street

Chicago, IL  60603

SSB&T Co.




6,029,000
86%

1776 Heritage Drive

Global Corporate Action Unit JAB 5NW

No. Quincy, MA  02171
M-5
JP Morgan Chase Bank NA


5,816,000
100%

14201 Dallas Parkway

Dallas, TX 75254
M-6
JP Morgan Chase Bank NA


5,816,000
100%

14201 Dallas Parkway

Dallas, TX 75254
M-7
LaSalle Bank




2,326,000
50%

135 South LaSalle Street

Chicago, IL  60603

SSB&T Co.




2,326,000
50%

1776 Heritage Drive

Global Corporate Action Unit JAB 5NW

No. Quincy, MA  02171                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      
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