--------------------------------------------------------------------------------


                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                    Form 8-K

                                 CURRENT REPORT

                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934

         Date of Report (Date of earliest event reported) July 29, 2005

                       Morgan Stanley ABS Capital I Inc.
--------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)


           Delaware                     333-113543               13-3939229
  (State or Other Jurisdiction    (Commission File Number)    (I.R.S. Employer
      of Incorporation)                                      Identification No.)

                  1585 Broadway
                New York, New York                                10036
                ------------------                                -----
     (Address of Principal Executive Offices)                   (Zip Code)


        Registrant's telephone number, including area code (212) 761-4000
                                                           --------------

                                    No Change
--------------------------------------------------------------------------------
          (Former name or former address, if changed since last report)


--------------------------------------------------------------------------------


<PAGE>

      Item 8.01. Other Events


      In connection with the offering of IXIS Real Estate Capital Trust
2005-HE3, Mortgage Pass-through certificates, Series 2005-HE3, certain
"Computational Materials", dated July 29, 2005, within the meanings of the May
20, 1994 Kidder, Peabody No-Action Letter and the February 17, 1995 Public
Securities Association No-Action Letter were furnished to certain prospective
investors (the "Related Computational Materials").

      Item 9.01. Financial Statements and Exhibits

(a)   Not applicable

(b)   Not applicable

(c)   Exhibit 99.1. Related Computational Materials (as defined in Item 8.01
      above)


<PAGE>

                                   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.


                                    MORGAN STANLEY ABS CAPITAL I INC.
                                    ---------------------------------
                                    as Depositor and on behalf of IXIS Real
                                    Estate Capital Trust 2005-HE3
                                    Registrant


                                       By: /s/ Gail McDonnell
                                           -------------------------------------
                                       Name: Gail McDonnell
                                       Title: Vice President


Dated:  August 2, 2005


<PAGE>

                                  EXHIBIT INDEX

Exhibit No.     Description
-----------     -----------
99.1            Related Computational Materials (as defined in Item 8.01 above).
{"company-data": {"conformed-name": "MORGAN STANLEY ABS CAPITAL I INC", "cik": "0001030442", "assigned-sic": "6189", "irs-number": "133939229", "state-of-incorporation": "DE", "fiscal-year-end": "1231"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "333-64909", "film-number": "05992665"}, "business-address": {"street1": "1585 BROADWAY 2ND FL", "city": "NEW YORK", "state": "NY", "zip": "10036", "phone": "2127614000"}, "mail-address": {"street1": "1585 BROADWAY", "street2": "2ND FLOOR", "city": "NEW YORK", "state": "NY", "zip": "10036"}}
--------------------------------------------------------------------------------

                       SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549

                                    Form 8-K

                                 CURRENT REPORT

                     Pursuant to Section 13 or 15(d) of the
                         Securities Exchange Act of 1934

         Date of Report (Date of earliest event reported) July 29, 2005

                       Morgan Stanley ABS Capital I Inc.
--------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)

           Delaware                     333-113543               13-3939229
  (State or Other Jurisdiction    (Commission File Number)    (I.R.S. Employer
      of Incorporation)                                      Identification No.)

                  1585 Broadway
                New York, New York                                10036
                ------------------                                -----
     (Address of Principal Executive Offices)                   (Zip Code)

        Registrant's telephone number, including area code (212) 761-4000
                                                           --------------

                                    No Change
--------------------------------------------------------------------------------
          (Former name or former address, if changed since last report)

--------------------------------------------------------------------------------
Item 8.01. Other Events

      In connection with the offering of IXIS Real Estate Capital Trust
2005-HE3, Mortgage Pass-through certificates, Series 2005-HE3, certain
"Computational Materials", dated July 29, 2005, within the meanings of the May
20, 1994 Kidder, Peabody No-Action Letter and the February 17, 1995 Public
Securities Association No-Action Letter were furnished to certain prospective
investors (the "Related Computational Materials").

      Item 9.01. Financial Statements and Exhibits

(a)   Not applicable

(b)   Not applicable

(c)   Exhibit 99.1. Related Computational Materials (as defined in Item 8.01
      above)
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.

                                    MORGAN STANLEY ABS CAPITAL I INC.
                                    ---------------------------------
                                    as Depositor and on behalf of IXIS Real
                                    Estate Capital Trust 2005-HE3
                                    Registrant

                                       By: /s/ Gail McDonnell
                                           -------------------------------------
                                       Name: Gail McDonnell
                                       Title: Vice President

Dated:  August 2, 2005
EXHIBIT INDEX

Exhibit No.     Description
-----------     -----------
99.1            Related Computational Materials (as defined in Item 8.01 above).