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|Morgan Stanley ABS Capital I Inc. Series 2004-WMC2
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|2004 Annual Statement                             
|                                                   |        |           |               |       |                |  |                         |  |                 |  |           |  |  |  |                | 
|                                                   |        |           |               |       |                |  | DISTRIBUTION IN DOLLARS |  |                 |  |           |  | 
|                                                   |        |           |               |       |                |  |                         |  |                 |  |           |  |  |  | ENDING BALANCE | 
|PERIOD                                             |        | CLASS     |               | CUSIP |                |  | INTEREST                |  |                 |  | PRINCIPAL |  | 
|200409                                             | A-1    | 61746RHM6 | $1,167,822.47 |       | $15,347,420.85 |  | $550,526,579.15         | 
|200410                                             | A-1    | 61746RHM6 | $918,461.84   |       | $16,242,537.53 |  | $534,284,041.62         | 
|200411                                             | A-1    | 61746RHM6 | $1,062,631.59 |       | $19,813,210.67 |  | $514,470,830.95         | 
|200412                                             | A-1    | 61746RHM6 | $1,101,175.22 |       | $23,146,281.95 |  | $491,324,549.00         | 
|                                                   |        |           |               |       |                |  |                         |  |                 |  |           |  |  |  |                | 
|                                                   |        |           |               |       |                |  | $4,250,091.12           |  | $74,549,451.00  |  |           |  | 
|200409                                             | A-2    | 61746RHN4 | $424,666.67   |       | $7,035,173.65  |  | $192,964,826.35         | 
|200410                                             | A-2    | 61746RHN4 | $330,184.26   |       | $7,056,275.72  |  | $185,908,550.63         | 
|200411                                             | A-2    | 61746RHN4 | $378,840.31   |       | $8,348,438.64  |  | $177,560,111.99         | 
|200412                                             | A-2    | 61746RHN4 | $388,459.75   |       | $8,650,964.92  |  | $168,909,147.07         | 
|                                                   |        |           |               |       |                |  |                         |  |                 |  |           |  |  |  |                | 
|                                                   |        |           |               |       |                |  | $1,522,150.99           |  | $31,090,852.93  |  |           |  | 
|200409                                             | A-3    | 61746RHP9 | $292,745.10   |       | $9,786,032.08  |  | $145,963,967.92         | 
|200410                                             | A-3    | 61746RHP9 | $224,216.87   |       | $9,815,385.37  |  | $136,148,582.55         | 
|200411                                             | A-3    | 61746RHP9 | $250,210.84   |       | $11,612,803.37 |  | $124,535,779.18         | 
|200412                                             | A-3    | 61746RHP9 | $248,326.18   |       | $12,033,621.97 |  | $112,502,157.21         | 
|                                                   |        |           |               |       |                |  |                         |  |                 |  |           |  |  |  |                | 
|                                                   |        |           |               |       |                |  | $1,015,498.99           |  | $43,247,842.79  |  |           |  | 
|200409                                             | A-4    | 61746RHQ7 | $122,604.33   |       | $0.00          |  | $59,253,000.00          | 
|200410                                             | A-4    | 61746RHQ7 | $99,084.18    |       | $0.00          |  | $59,253,000.00          | 
|200411                                             | A-4    | 61746RHQ7 | $118,110.98   |       | $0.00          |  | $59,253,000.00          | 
|200412                                             | A-4    | 61746RHQ7 | $127,080.45   |       | $0.00          |  | $59,253,000.00          | 
|                                                   |        |           |               |       |                |  |                         |  |                 |  |           |  |  |  |                | 
|                                                   |        |           |               |       |                |  | $466,879.94             |  | $0.00           |  |           |  | 
|200409                                             | A-5    | 61746RHR5 | $145,149.33   |       | $0.00          |  | $63,200,000.00          | 
|200410                                             | A-5    | 61746RHR5 | $116,007.11   |       | $0.00          |  | $63,200,000.00          | 
|200411                                             | A-5    | 61746RHR5 | $137,776.00   |       | $0.00          |  | $63,200,000.00          | 
|200412                                             | A-5    | 61746RHR5 | $146,974.28   |       | $0.00          |  | $63,200,000.00          | 
|                                                   |        |           |               |       |                |  |                         |  |                 |  |           |  |  |  |                | 
|                                                   |        |           |               |       |                |  | $545,906.72             |  | $0.00           |  |           |  | 
|200409                                             | B-1    | 61746RHV6 | $75,524.48    |       | $0.00          |  | $19,638,000.00          | 
|200410                                             | B-1    | 61746RHV6 | $57,888.46    |       | $0.00          |  | $19,638,000.00          | 
|200411                                             | B-1    | 61746RHV6 | $67,772.92    |       | $0.00          |  | $19,638,000.00          | 
|200412                                             | B-1    | 61746RHV6 | $69,851.02    |       | $0.00          |  | $19,638,000.00          | 
|                                                   |        |           |               |       |                |  |                         |  |                 |  |           |  |  |  |                | 
|                                                   |        |           |               |       |                |  | $271,036.88             |  | $0.00           |  |           |  | 
|200409                                             | B-2    | 61746RHW4 | $64,709.94    |       | $0.00          |  | $16,365,000.00          | 
|200410                                             | B-2    | 61746RHW4 | $49,513.22    |       | $0.00          |  | $16,365,000.00          | 
|200411                                             | B-2    | 61746RHW4 | $57,932.10    |       | $0.00          |  | $16,365,000.00          | 
|200412                                             | B-2    | 61746RHW4 | $59,618.39    |       | $0.00          |  | $16,365,000.00          | 
|                                                   |        |           |               |       |                |  |                         |  |                 |  |           |  |  |  |                | 
|                                                   |        |           |               |       |                |  | $231,773.65             |  | $0.00           |  |           |  | 
|200409                                             | B-3    | 61746RHX2 | $108,499.95   |       | $0.00          |  | $19,638,000.00          | 
|200410                                             | B-3    | 61746RHX2 | $81,563.16    |       | $0.00          |  | $19,638,000.00          | 
|200411                                             | B-3    | 61746RHX2 | $94,829.72    |       | $0.00          |  | $19,638,000.00          | 
|200412                                             | B-3    | 61746RHX2 | $96,062.29    |       | $0.00          |  | $19,638,000.00          | 
|                                                   |        |           |               |       |                |  |                         |  |                 |  |           |  |  |  |                | 
|                                                   |        |           |               |       |                |  | $380,955.12             |  | $0.00           |  |           |  | 
|200409                                             | LT-R   | MS04W2202 | $0.00         |       | $0.00          |  | $0.00                   | 
|200410                                             | LT-R   | MS04W2202 | $0.00         |       | $0.00          |  | $0.00                   | 
|200411                                             | LT-R   | MS04W2202 | $0.00         |       | $0.00          |  | $0.00                   | 
|200412                                             | LT-R   | MS04W2202 | $0.00         |       | $0.00          |  | $0.00                   | 
|                                                   |        |           |               |       |                |  |                         |  |                 |  |           |  |  |  |                | 
|                                                   |        |           |               |       |                |  | $0.00                   |  | $0.00           |  |           |  | 
|200409                                             | M-1    | 61746RHS3 | $219,408.62   |       | $0.00          |  | $91,643,000.00          | 
|200410                                             | M-1    | 61746RHS3 | $174,630.83   |       | $0.00          |  | $91,643,000.00          | 
|200411                                             | M-1    | 61746RHS3 | $207,113.18   |       | $0.00          |  | $91,643,000.00          | 
|200412                                             | M-1    | 61746RHS3 | $220,222.02   |       | $0.00          |  | $91,643,000.00          | 
|                                                   |        |           |               |       |                |  |                         |  |                 |  |           |  |  |  |                | 
|                                                   |        |           |               |       |                |  | $821,374.65             |  | $0.00           |  |           |  | 
|200409                                             | M-2    | 61746RHT1 | $208,487.07   |       | $0.00          |  | $68,732,000.00          | 
|200410                                             | M-2    | 61746RHT1 | $162,513.00   |       | $0.00          |  | $68,732,000.00          | 
|200411                                             | M-2    | 61746RHT1 | $191,380.44   |       | $0.00          |  | $68,732,000.00          | 
|200412                                             | M-2    | 61746RHT1 | $200,085.59   |       | $0.00          |  | $68,732,000.00          | 
|                                                   |        |           |               |       |                |  |                         |  |                 |  |           |  |  |  |                | 
|                                                   |        |           |               |       |                |  | $762,466.10             |  | $0.00           |  |           |  | 
|200409                                             | M-3    | 61746RHU8 | $74,460.75    |       | $0.00          |  | $22,911,000.00          | 
|200410                                             | M-3    | 61746RHU8 | $57,735.72    |       | $0.00          |  | $22,911,000.00          | 
|200411                                             | M-3    | 61746RHU8 | $67,867.47    |       | $0.00          |  | $22,911,000.00          | 
|200412                                             | M-3    | 61746RHU8 | $70,641.95    |       | $0.00          |  | $22,911,000.00          | 
|                                                   |        |           |               |       |                |  |                         |  |                 |  |           |  |  |  |                | 
|                                                   |        |           |               |       |                |  | $270,705.89             |  | $0.00           |  |           |  | 
|200409                                             | P      | MS04W2102 | $18,215.95    |       | $0.00          |  | $0.00                   | 
|200410                                             | P      | MS04W2102 | $472,200.78   |       | $0.00          |  | $0.00                   | 
|200411                                             | P      | MS04W2102 | $725,282.99   |       | $0.00          |  | $0.00                   | 
|200412                                             | P      | MS04W2102 | $745,479.31   |       | $0.00          |  | $0.00                   | 
|                                                   |        |           |               |       |                |  |                         |  |                 |  |           |  |  |  |                | 
|                                                   |        |           |               |       |                |  | $1,961,179.03           |  | $0.00           |  |           |  | 
|200409                                             | REMIC1 | MS04W2201 | $6,793,104.11 |       | $32,168,698.28 |  | $1,277,019,129.72       | 
|200410                                             | REMIC1 | MS04W2201 | $6,651,466.99 |       | $33,114,198.62 |  | $1,243,904,931.10       | 
|200411                                             | REMIC1 | MS04W2201 | $6,469,665.37 |       | $39,774,452.68 |  | $1,204,130,478.42       | 
|200412                                             | REMIC1 | MS04W2201 | $6,257,219.31 |       | $43,830,868.84 |  | $1,160,299,609.58       | 
|                                                   |        |           |               |       |                |  |                         |  |                 |  |           |  |  |  |                | 
|                                                   |        |           |               |       |                |  | $26,171,455.78          |  | $148,888,218.42 |  |           |  | 
|200409                                             | UT-R   | MS04W2103 | $0.00         |       | $0.00          |  | $0.00                   | 
|200410                                             | UT-R   | MS04W2103 | $0.00         |       | $0.00          |  | $0.00                   | 
|200411                                             | UT-R   | MS04W2103 | $0.00         |       | $0.00          |  | $0.00                   | 
|200412                                             | UT-R   | MS04W2103 | $0.00         |       | $0.00          |  | $0.00                   | 
|                                                   |        |           |               |       |                |  |                         |  |                 |  |           |  |  |  |                | 
|                                                   |        |           |               |       |                |  | $0.00                   |  | $0.00           |  |           |  | 
|200409                                             | X      | MS04W2101 | $3,889,025.67 |       | $71.43         |  | $26,183,756.57          | 
|200410                                             | X      | MS04W2101 | $4,379,668.34 |       | $0.00          |  | $26,183,756.57          | 
|200411                                             | X      | MS04W2101 | $3,835,199.83 |       | $0.00          |  | $26,183,756.57          | 
|200412                                             | X      | MS04W2101 | $3,528,722.16 |       | $0.00          |  | $26,183,756.57          | 
|                                                   |        |           |               |       |                |  |                         |  |                 |  |           |  |  |  |                | 
|                                                   |        |           |               |       |                |  | $15,632,616.00          |  | $71.43          |  |           |  | 
|                                                   |        |           |               |       |                |  | $54,304,090.86          |  | $297,776,436.57 |  |           |  |