UNITED STATES
                             SECURITIES AND EXCHANGE COMMISSION
                                   WASHINGTON, D.C. 20549



                                          FORM 10-K/A
                                         Amendment No. 2


  (Mark one)

  /X/ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
      EXCHANGE ACT OF 1934
      For the fiscal year ended December 31, 2006

      OR



  / / TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
      EXCHANGE ACT OF 1934


       Commission file number:  333-123741-17

       ACE Securities Corp. Home Equity Loan Trust, Series 2006-HE1
       (exact name of issuing entity as specified in its charter)

       ACE Securities Corp.
       (exact name of the depositor (as registrant on behalf of the issuing
       entity) as specified in its charter)

       DB Structured Products, Inc.
       (exact name of the sponsor as specified in its charter)


  Delaware                                          06-1442101
  (State or other jurisdiction of                   Depositor
  incorporation or organization)                    (I.R.S. Employer
                                                    Identification No.)


   ACE Securities Corp.
   6525 Morrison Boulevard Suite 318
   Charlotte, NC                                 28211
  (Address of principal executive offices)    (Zip Code)


  Registrant's telephone number, including area code: (704) 365-0569


  Securities registered pursuant to Section 12(b) of the Act:

        NONE.


  Securities registered pursuant to Section 12(g) of the Act:

        NONE.



  Indicate by check mark if the registrant is a well-known seasoned issuer,
  as defined in Rule 405 of the Securities Act.

        Yes  ___     No  X


  Indicate by check mark if the registrant is not required to file reports
  pursuant to Section 13 or Section 15(d) of the Act.

        Yes  ___     No  X


  Indicate by check mark whether the registrant (1) has filed all reports
  required to be filed by Section 13 or 15(d) of the Securities Exchange
  Act of 1934 during the preceding 12 months (or for such shorter period
  that the registrant was required to file such reports), and (2) has been
  subject to such filing requirements for the past 90 days.

        Yes  X       No  ___


  Indicate by check mark if disclosure of delinquent filers pursuant to
  Item 405 of Regulation S-K ( 229.405 of this chapter) is not contained
  herein, and will not be contained, to the best of registrant's knowledge,
  in definitive proxy or information statements incorporated by reference
  in Part III of this Form 10-K or any amendment to this Form 10-K.

        Not applicable.


  Indicate by check mark whether the registrant is a large accelerated filer,
  an accelerated filer, or a non-accelerated filer. See definition of
  "accelerated filer and large accelerated filer" in Rule 12b-2 of the
  Exchange Act. (Check one):


  Large accelerated filer ___  Accelerated filer ___  Non-accelerated filer X


  Indicate by check mark whether the registrant is a shell company (as
  defined in Rule 12b-2 of the Act).

        Yes  ___     No  X


  State the aggregate market value of the voting and non-voting common
  equity held by non-affiliates computed by reference to the price at which
  the common equity was last sold, or the average bid and asked price of
  such common equity, as of the last business day of the registrant's most
  recently completed second fiscal quarter.

        Not applicable.


     Documents Incorporated by Reference

        Not applicable.



                              EXPLANATORY NOTE

  This Amendment No. 2 to the Annual Report on Form 10-K is being filed to
  include a revised attestation report from Fremont Investment & Loan, which
  corrects certain clerical errors in the attestation report originally filed
  on a Form 10-K/A on May 18, 2007. This Amendment No. 2 does not modify or
  update disclosure in any other item of, or exhibits to, the previously filed
  Form 10-K or Form 10-K/A or reflect any events that have occurred after the
  original filings of the Form 10-K or the Form 10-K/A.




                                PART IV


  Item 15. Exhibits, Financial Statement Schedules.

   (a) Exhibits


     (34) Attestation reports on assessment of compliance with servicing
          criteria for asset-backed securities.

      <TABLE>

      
        <c>
      a) Fremont Investment & Loan, as Servicer <F1>



      </TABLE>

   (b) Not applicable.

   (c) Omitted.


  <F1> Filed herewith.




                                SIGNATURES

  Pursuant to the requirements of Section 13 or 15(d) of the Securities
  Exchange Act of 1934, the registrant has duly caused this report to be
  signed on its behalf by the undersigned, thereunto duly authorized.



    ACE Securities Corp. Home Equity Loan Trust, Series 2006-HE1
    (Issuing Entity)


    /s/ Evelyn Echevarria
    Evelyn Echevarria, Vice President

    Date: May 29, 2007



  Exhibit Index

  Exhibit No.



     (34) Attestation reports on assessment of compliance with servicing
          criteria for asset-backed securities.

      <TABLE>

      
        <c>
      a) Fremont Investment & Loan, as Servicer



      </TABLE>

  EX-31 Rule 13a-14(d)/15d-14(d) Certifications

  I, Evelyn Echevarria, certify that:

  1. I have reviewed this report on Form 10-K/A and all reports on Form 10-D
     required to be filed in respect of the period covered by this report
     on Form 10-K/A of ACE Securities Corp. Home Equity Loan Trust, Series
     2006-HE1 (the "Exchange Act periodic reports");

  2. Based on my knowledge, the Exchange Act periodic reports, taken as a
     whole, do not contain any untrue statement of a material fact or omit
     to state a material fact necessary to make the statements made, in
     light of the circumstances under which such statements were made, not
     misleading with respect to the period covered by this report;

  3. Based on my knowledge, all of the distribution, servicing and other
     information required to be provided under Form 10-D for the period
     covered by this report is included in the Exchange Act periodic
     reports;

  4. I am responsible for reviewing the activities performed by the
     servicers and based on my knowledge and the compliance reviews
     conducted in preparing the servicer compliance statements required in
     this report under Item 1123 of Regulation AB, and except as disclosed
     in the Exchange Act periodic reports, the servicers have fulfilled
     their obligations under the servicing agreements; and

  5. All of the reports on assessment of compliance with servicing
     criteria for asset-backed securities and their related attestation
     reports on assessment of compliance with servicing criteria for
     asset-backed securities required to be included in this report in
     accordance with Item 1122 of Regulation AB and Exchange Act Rules
     13a-18 and 15d-18 have been included as an exhibit to this report,
     except as otherwise disclosed in this report. Any material instances
     of noncompliance described in such reports have been disclosed in
     this report on Form 10-K/A.

     In giving the certifications above, I have reasonably relied on
     information provided to me by the following unaffiliated parties:
     Fremont Investment & Loan as Servicer, Greenpoint Mortgage Funding, Inc.
     as Servicer, New Century Mortgage Corporation as Servicer, Ocwen Loan
     Servicing, LLC as Servicer and Wells Fargo Bank, N.A. as Servicer, Master
     Servicer and Securities Administrator.

     Dated: May 29, 2007

     /s/ Evelyn Echevarria
     Signature

     Vice President
     Title




EX-34 (a)
(logo) SQUAR MILNER

REPORT OF INDEPENDENT REGISTERED
PUBLIC ACCOUNTING FIRM

Board of Directors
Fremont Investment & Loan

We have examined management's assertion, included in the accompanying Report on
Assessment of Compliance, that Fremont Investment & Loan (the "Company")
complied with the servicing criteria set forth in Item 1122(d) of the Securities
and Exchange Commission's Regulation AB for publicly issued asset-backed
securities transactions that were completed on or after January 1, 2006, for
which the Company served as a servicer, and that were registered with the
Securities and Exchange Commission pursuant to the Securities Act of 1933 for
related asset-backed securities involving first-lien and second-lien residential
mortgage loans that were outstanding during the year ended December 31, 2006
(herein referred to as "the Platform"), except for criteria 1122(d)(1)(i),
1122(d)(1)(iii), 1122(d)(4)(ii) and 1122(d)(4)(xv), which management has
determined are not applicable to the activities performed by the Company with
respect to the Platform. With respect to Items 1122(d)(3)(i), 1122(d)(3)(ii),
1122(d)(3)(iii) and 1122(d)(3)(iv), the Company's responsibilities are limited
to the timely delivery of contractual payments and other information to the
Trust Administrator, or the Trustee, and the Company does not take
responsibility for the reports or cash disbursements to investors. Management is
responsible for the Company's compliance with the applicable servicing criteria.
Our responsibility is to express an opinion on management's assertion about the
Company's compliance with the applicable servicing criteria for the Platform
based on our examination.

Our examination was conducted in accordance with the standards of the Public
Company Accounting Oversight Board (United States) and, accordingly, included
examining, on a test basis, evidence about the Company's compliance with the
applicable servicing criteria for the Platform and performing such other
procedures as we considered necessary in the circumstances. Our examination
included selecting a sample of transactions and compliance activities related to
the Platform during the examination period, and evaluating whether the Company
processed those transactions and performed those activities in compliance with
the applicable servicing criteria for the period covered by this report.
Accordingly, our testing may not have included servicing activities related to
each asset-backed transaction or security constituting the Platform. Our testing
of selected transactions and compliance activities was limited to calculations,
reports, and

SQUAR, MILNER, PETERSON, MIRANDA & WILLIAMSON, LLP
Certified Public Accountants & Financial Advisors, Servicing Clients Since 1951

4100 Newport Place Drive, Third Floor * Newport Beach, CA 92660
Tel: 949-222-2999 * Fax: 949-222-2989

3655 Nobel Drive, Suite 500 * San Diego, CA 92122
Tel: 858-597-4100 * Fax: 858-597-4111

Website: www.squarmilner.com

(page)




activities performed by the Company during the period covered by
this report. Our procedures were not designed to determine whether errors may
have occurred either prior to or subsequent to our tests that may have affected
the balances or amounts calculated or reported by the Company during the period
covered by this report for the selected transactions or any other transactions.
We believe that our examination provides a reasonable basis for our opinion. Our
examination does not provide a legal determination on the Company's compliance
with the applicable servicing criteria.

As described in management's assertion included in the accompanying Appendix A,
for servicing criteria 1122(d)(1)(ii), the Company has engaged various vendors
to perform activities required by this servicing criteria. The Company has
determined that these vendors are not considered a "servicer" as defined in Item
1101(j) of Regulation AB, and the Company has elected to take responsibility for
assessing compliance with the servicing criteria applicable to these vendors as
permitted by Interpretation 17.06 of the SEC Division of Corporation Finance
Manual of Publicly Available Telephone Interpretations ("Interpretation 17.06").
As permitted by Interpretation 17.06, the Company has asserted that it has
policies and procedures in place designed to provide reasonable assurance that
the vendor's activities comply in all material respects with the servicing
criteria applicable to the vendor. The Company is solely responsible for
determining that it meets the SEC requirements to apply Interpretation 17.06 for
the vendors and related criteria as described in its assertion, and we performed
no procedures with respect to the Company's eligibility to apply Interpretation
17.06.


In our opinion, management's assertion that the Company complied with the
aforementioned applicable servicing criteria, including servicing criteria
1122(d)(2)(i) for which compliance is determined based on Interpretation 17.06
as described above, as of December 31, 2006 and for twelve months ended December
31, 2006 for the Platform is fairly stated, in all material respects.


/s/ Squar Milner Peterson Miranda & Williamson, LLP

Newport Beach, California
May 14, 2007