|Exhibit 99.5 Holders of Record, holding 5% or more of the outstanding balance for Bear Stearns Asset Backed  Securities I LLC, Asset-Backed Certificates, Series 2004-FR2 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




96,889,000
100%

525 William Penn Place

Suite 3418

Pittsburg, PA  15259
I-A-2
The Bank of New York


22,363,000
69%

One Wall Street

New York, NY 10286

JP Morgan Chase Bank NA


10,000,000
31%

14201 Dallas Parkway

Dallas, TX 75254
II-A
FA MA INVT



243,910,000
100%

3900 Wisconsin Avenue NW

Washington, DC  20016
M-1
JP Morgan/CC2



15,276,000
5%

14201 Dallas Parkway

Dallas, TX  75254
JP Morgan Chase Bank NA


15,000,000
49%

14201 Dallas Parkway

Dallas, TX 75254
M-2
LaSalle Bank




8,214,000
100%

135 S. LaSalle Street

Chicago, IL  60603
M-3
CGM.SAL BR



7,500,000
45%

333 W. 34
th
Street

3
rd
Floor

New York, NY  10001

LaSalle Bank




4,928,000
30%

135 S. LaSalle Street

Chicago, IL  60603

Wells Bank NA



4,000,000
24%

733 Marquette Avenue

Minneapolis, MN  55479
M-4
LaSalle Bank




3,041,000
45%

135 S. LaSalle Street

Chicago, IL  60603
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|SSB&T Co.




4,000,000
57%

1776 Heritage Drive

Global Corporate Action Unit JAB 5NW

No. Quincy, MA  02171
M-5
Bear Stern




2,250,000
38%



One Metrotech Center North

4 th Floor

Brooklyn, NY  11201

JPM/GW CAP



1,500,000
25%

4 New York Plaza

21 st Floor

New York, NY  10004

JP Morgan Chase Bank NA


2,117,000
36%

14201 Dallas Parkway

Dallas, TX 75254
M-6
JPM/GW CAP



1,500,000
25%

4 New York Plaza

21 st Floor

New York, NY  10004

Mellon Trust




1,000,000
17%

525 William Penn Place

Suite 3418

Pittsburg, PA  15259

UBSSEC/CMO



3,367,000
57%

299 Park Avenue

New York, NY  10171
M-7
JPM/GW CAP



3,394,000
72%

4 New York Plaza

21 st Floor

New York, NY  10004

Mellon Trust




1,300,000
28%

525 William Penn Place

Suite 3418

Pittsburg, PA  15259                                                                                                                                                                                                                                                                                                                                                                                                                                           
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