|Exhibit 99.5 Holders of Record, holding 5% or more of the outstanding balance for Bear Stearns Asset Backed Securities Inc., Bear Stearns Asset Backed Securities Trust 2004-2, Asset-Backed Certificates, Series 2004-2as reflected in the security position listing as of December 31, 2004 provided by DTC.  Class
Name and Address of Holder


Amount Held
% Class
A-1
Bank of New York



10,541,000
15%

One Wall Street

New York, NY  10286

Mellon Trust




9,559,000
14%

525 William Penn Place

Suite 3418

Pittsburg, PA  15259

Northern Trust



6,938,000
10%

801 S. Canal C-IN

Chicago, IL  60607


SSB&T Co.




38,115,000
56%

1776 Heritage Drive

Global Corporate Action Unit JAB 5NW

No. Quincy, MA  02171
A-2
Mellon Trust




96,838,000
97%

525 William Penn Place, Suite 3418

Pittsburg, PA  15259
A-3
Bear Stearns




18,662,000
65%

One Metrotech Center North, Fourth Floor

Brooklyn, NY  11201-3862

JP Morgan Chase Bank NA


10,000,000
35%

14201 Dallas Parkway

Dallas, TX 75254
A-4
Bank of New York



7,600,000
12%

One Wall Street

New York, NY  10286

JP Morgan Chase Bank NA


3,800,000
6%

14201 Dallas Parkway

Dallas, TX 75254

Citibank




3,600,000
6%

3800 Citibank Center B3-15

Tampa, FL 33610

LHMNGV/LBI



5,000,000
8%

70 Hudson Street

Jersey City, NY  07302
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|SSB&T Co.




36,200,000
60%

1776 Heritage Drive

Global Corporate Action Unit JAB 5NW

No. Quincy, MA  02171
A-5
Wells Bank




15,000,000
100%

733 Marquette Avenue

Minneapolis, MN  55479
A-IO
SSB&T Co.




30,940,000
100%

1776 Heritage Drive

Global Corporate Action Unit JAB 5NW

No. Quincy, MA  02171
B
Bear Stearns




2,321,000
100%

One Metrotech Center North, Fourth Floor

Brooklyn, NY  11201-3862
M-1
DRSDNR/AKV



11,293,000
100%

75 Wall Street, Thirty-second Floor

New York, NY  10005
M-2
LaSalle Bank




5,000,000
33%

135 South LaSalle Street

Chicago, IL  60603

SSB&T Co.




4,006,000
26%

1776 Heritage Drive

Global Corporate Action Unit JAB 5NW

No. Quincy, MA  02171

Wells Fargo Bank NA



6,000,000
40%

733 Marquette Avenue

Minneapolis, MN  55479
M-3
Bear Stearns




9,282,000
100%

One Metrotech Center North, Fourth Floor

Brooklyn, NY  11201-3862
R-1
Bear Stearns Securities Corp.


50

100%

245 Park Avenue

New York, NY  10167
R-2
Bear Stearns Securities Corp.


50

100%

245 Park Avenue

New York, NY  10167
R-3
Bear Stearns Securities Corp.


50

100%                                                                                                                                                                                                   
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