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):  October 27, 2003


                          MORGAN STANLEY DEAN WITTER CAPITAL I INC.
         (as Depositor, OCWEN Federal Bank as Servicer, NC Capital Corporation,
                     as Responsible Party and Deutsche Bank National
                              Trust Company, as Trustee).


                MORGAN STANLEY DEAN WITTER CAP I MRT PAS THR CRT SER 2003 NC1
                  (Exact name of Registrant as specified in its Charter)


                                         DELAWARE
                     (State or Other Jurisdiction of Incorporation)

               333-83986-14                        13-3291626
          (Commission File Number)        (I.R.S. Employer Identification No.)


           1585 BROADWAY, 2ND FLOOR
           NEW YORK, NEW YORK                             10036
          (Address of principal executive offices)     (Zip Code)


          Registrant's Telephone Number, Including Area Code:  (212) 761-4700



     Item 5.  Other Events

     Attached hereto is a copy of the Monthly Remittance Statements to the
     Certificateholders which was derived from the monthly information
     submitted by the Master Servicer of the Trust to the Trustee.


     Item 7.  Financial Statement and Exhibits

     Exhibits:  (as noted in Item 5 above)

     Monthly Remittance Statement to the Certificateholders dated as of
     October 27, 2003.



                                     SIGNATURE


               Pursuant to the requirements of the Securities Exchange Act of
          1934, the Registrant has duly caused this report to be signed on its
          behalf by the undersigned, hereunto duly authorized.


                                  Deutsche Bank National Trust Company,
                                  not in its individual capacity, but solely
                                  as a duly authorized agent of the Registrant
                                  pursuant to the Pooling and Servicing
                                  Agreement, dated as of January 1,2003..

          Date:  Oct 29, 2003               By:  /s/  Katherine M. Wannenmacher
                                            Katherine M. Wannenmacher
                                            Vice President

                                   EXHIBIT INDEX

          DOCUMENT

          Monthly Remittance Statement to the Certificateholders
          dated as of October 27, 2003.






			

	Morgan Stanley Dean Witter Capital I Inc. 2003-NC1
	Mortgage Pass-Through Certificates
	October 27, 2003 Distribution
	Contents
			TABLE OF CONTENTS
								Page
			1.	Contents				1
			2.	Certificate Payment Report				2
			3.	Collection Account Report				4
			4.	Credit Enhancement Report				7
			5.	Collateral Report				8
			6.	Delinquency Report				11
			7.	REO Report				14
			8.	Foreclosure Report				15
			9.	Prepayment Report				17
			10.	Prepayment Detail Report				20
			11.	Realized Loss Report				25
			12.	Realized Loss Detail Report				28
			13.	Triggers, Adj. Rate Cert. and Miscellaneous Report				29
				Total Number of Pages				29
			CONTACTS
				Administrator: Jeremy Conyers
				Direct Phone Number: (714)247-6274
				Address: Deutsche Bank
				1761 E. St. Andrew Place, Santa Ana, CA 92705
				Web Site: https://www.corporatetrust.db.com/invr
				Factor Information: (800) 735-7777
				Main Phone Number: (714) 247-6000
ISSUANCE INFORMATION
	Seller:		Morgan Stanley					Cut-Off Date: January 1, 2003
	Certificate Insurer(s):		Financial Security Assurance Inc.					Closing Date: January 28, 2003
								First Payment Date: February 25, 2003
	Servicer(s):		Ocwen Federal Master Servicer
								Distribution Date: October 27, 2003
	Underwriter(s):		Morgan Stanley Dean Witter Lead Underwriter					Record Date: October 24, 2003
			Blaylock & Partners, L.P. Underwriter					September 30, 2003
			Utendahl Capital Partners, L.P. Underwriter
						Page 1 of 29					© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. 2003-NC1
	Mortgage Pass-Through Certificates
	REMIC II Series 2003-NC1
	Certificate Payment Report for October 27, 2003 Distribution
	Distribution in Dollars - Current Period
					Prior						Current
	Class	Original			Principal			Total	Realized	Deferred	Principal
Class	Type	Face Value			Balance	Interest	Principal	Distribution	Losses	Interest	Balance
					(1)	(2)	(3)	(4)=(2)+(3)	(5)	(6)	(7)=(1)-(3)-(5)+(6)
A-1	FLT	544,733,000.00			440,992,831.50	607,590.12	25,018,479.35	25,626,069.47	-	-	415,974,352.15
A-2	FLT	140,000,000.00			111,940,367.92	153,233.93	6,741,594.56	6,894,828.49	-	-	105,198,773.36
A-3	FLT	112,007,000.00			89,557,891.35	126,575.15	5,393,612.73	5,520,187.88	-	-	84,164,278.63
M-1	MEZ	60,493,000.00			60,493,000.00	116,684.28	-	116,684.28	-	-	60,493,000.00
M-2	MEZ	51,641,000.00			51,641,000.00	145,512.86	-	145,512.86	-	-	51,641,000.00
M-3	MEZ	8,361,000.00			8,361,000.00	23,931.04	-	23,931.04	-	-	8,361,000.00
B-1	SUB	32,952,000.00			32,952,000.00	139,716.48	-	139,716.48	-	-	32,952,000.00
B-2	SUB	16,229,000.00			16,229,000.00	59,434.20	-	59,434.20	-	-	16,229,000.00
X	SUB	17,214,497.00			17,213,533.69	3,850,405.49	-	3,850,405.49	-	-	17,213,533.69
P	SUB	-			-	731,826.59	-	731,826.59	-	-	-
UT-R	R	-			-	-	-	-	-	-	-
Total		983,630,497.00			829,380,624.46	5,954,910.14	37,153,686.64	43,108,596.78	-	-	792,226,937.82
	Interest Accrual Detail				Current Period Factor Information per $1,000 of Original Face
						Orig. Principal	Prior				Current
	Period	Period				(with Notional)	Principal			Total	Principal
Class	Starting	Ending		Method	Cusip	Balance	Balance	Interest	Principal	Distribution	Balance
							(1)	(2)	(3)	(4)=(2)+(3)	(5)
A-1	09/25/03	10/26/03		A-Act/360	61746WZE3	544,733,000.00	809.557768	1.115391	45.927967	47.043358	763.629801
A-2	09/25/03	10/26/03		A-Act/360	61746WYS3	140,000,000.00	799.574057	1.094528	48.154247	49.248775	751.419810
A-3	09/25/03	10/26/03		A-Act/360	61746WYT1	112,007,000.00	799.574057	1.130065	48.154247	49.284312	751.419810
M-1	09/25/03	10/26/03		A-Act/360	61746WYU8	60,493,000.00	1,000.000000	1.928889	-	1.928889	1,000.000000
M-2	09/25/03	10/26/03		A-Act/360	61746WYV6	51,641,000.00	1,000.000000	2.817778	-	2.817778	1,000.000000
M-3	09/25/03	10/26/03		A-Act/360	61746WYW4	8,361,000.00	1,000.000000	2.862222	-	2.862222	1,000.000000
B-1	09/25/03	10/26/03		A-Act/360	61746WYX2	32,952,000.00	1,000.000000	4.240000	-	4.240000	1,000.000000
B-2	09/25/03	10/26/03		A-Act/360	61746WYY0	16,229,000.00	1,000.000000	3.662222	-	3.662222	1,000.000000
X				A-30/360		17,214,497.00	999.944041	223.672262	-	223.672262	999.944041
P				-		-	-	-	-	-	-
UT-R				-		-	-	-	-	-	-
							Page 2 of 29				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. 2003-NC1
	Mortgage Pass-Through Certificates
	REMIC II Series 2003-NC1
	Certificate Payment Report for October 27, 2003 Distribution
	Distribution in Dollars - to Date
											Current
	Original				Unscheduled	Scheduled	Total	Total	Realized	Deferred	Principal
Class	Face Value		Interest		Principal	Principal	Principal	Distribution	Losses	Interest	Balance
	(1)		(2)		(3)	(4)	(5)=(3)+(4)	(6)=(2)+(5)	(7)	(8)	(9)=(1)-(5)-(7)+(8)
A-1	544,733,000.00		6,312,504.87		124,767,003.71	3,991,644.15	128,758,647.85	135,071,152.72	-	-	415,974,352.15
A-2	140,000,000.00		1,600,995.96		33,682,757.84	1,118,468.80	34,801,226.64	36,402,222.60	-	-	105,198,773.36
A-3	112,007,000.00		1,319,794.34		26,947,890.41	894,830.97	27,842,721.37	29,162,515.71	-	-	84,164,278.63
M-1	60,493,000.00		1,037,043.27		0.00	-	-	1,037,043.27	-	-	60,493,000.00
M-2	51,641,000.00		1,275,468.13		-	-	-	1,275,468.13	-	-	51,641,000.00
M-3	8,361,000.00		209,664.85		-	-	-	209,664.85	-	-	8,361,000.00
B-1	32,952,000.00		1,212,226.27		-	-	-	1,212,226.27	-	-	32,952,000.00
B-2	16,229,000.00		517,324.18		-	-	-	517,324.18	-	-	16,229,000.00
X	17,214,497.00		38,843,384.08		878.67	84.64	963.31	38,844,347.39	-	-	17,213,533.69
P	-		3,771,255.49		-	-	-	3,771,255.49	-	-	-
UT-R	-		-		-	-	-	-	-	-	-
Total	983,630,497.00		56,099,661.44		185,398,530.62	6,005,028.56	191,403,559.18	247,503,220.62	-	-	792,226,937.82
	Interest Detail
	Pass-	Prior Principal				Non-	Prior	Unscheduled		Paid or	Current
	Through	(with Notional)			Accrued	Supported	Unpaid	Interest	Optimal	Deferred	Unpaid
Class	Rate	Balance			Interest	Interest SF	Interest	Adjustments	Interest	Interest	Interest
					(1)	(2)	(3)	(4)	(5)=(1)-(2)+(3)+(4)	(6)	(7)=(5)-(6)
A-1	1.55000%	440,992,831.50			607,590.12	-	-	-	607,590.12	607,590.12	-
A-2	1.54000%	111,940,367.92			153,233.93	-	-	-	153,233.93	153,233.93	-
A-3	1.59000%	89,557,891.35			126,575.15	-	-	-	126,575.15	126,575.15	-
M-1	2.17000%	60,493,000.00			116,684.28	-	-	-	116,684.28	116,684.28	-
M-2	3.17000%	51,641,000.00			145,512.86	-	-	-	145,512.86	145,512.86	-
M-3	3.22000%	8,361,000.00			23,931.04	-	-	-	23,931.04	23,931.04	-
B-1	4.77000%	32,952,000.00			139,716.48	-	-	-	139,716.48	139,716.48	-
B-2	4.12000%	16,229,000.00			59,434.20	-	-	-	59,434.20	59,434.20	-
X	5.22199%	17,213,533.69			3,850,405.49	-	-	-	3,850,405.49	3,850,405.49	-
P		-			731,826.59	-	-	-	731,826.59	731,826.59	-
UT-R		-			-	-	-	-	-	-	-
Total		829,380,624.46			5,954,910.14	-	-	-	5,954,910.14	5,954,910.14	-
							Page 3 of 29				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. 2003-NC1
	Mortgage Pass-Through Certificates
	Collection Account Report for October 27, 2003 Distribution
	Collection Account Report
SUMMARY						GROUP 2	GROUP 1	TOTAL
	Principal Collections					12,135,207.29	25,018,479.35	37,153,686.64
	Principal Other Accounts					0.00	0.00	0.00
	TOTAL NET PRINCIPAL					12,135,207.29	25,018,479.35	37,153,686.64
	Interest Collections					1,649,393.41	3,621,661.01	5,271,054.42
	Interest Withdrawals					0.00	0.00	0.00
	Interest Other Accounts					0.00	0.00	0.00
	Interest Fees					(20,633.98)	(27,336.89)	(47,970.87)
	TOTAL NET INTEREST					1,628,759.43	3,594,324.12	5,223,083.55
	TOTAL PRINCIPAL & INTEREST DISTRIBUTABLE					13,763,966.72	28,612,803.47	42,376,770.19
	Prepayment Penalties Collected					163,540.33	568,286.26	731,826.59
	TOTAL AVAILABLE FUNDS FOR DISTRIBUTION					13,927,507.05	29,181,089.73	43,108,596.78
PRINCIPAL - COLLECTIONS						GROUP 2	GROUP 1	TOTAL
	Scheduled Principal Received					198,330.47	409,719.57	608,050.04
	Prepayments In Full					11,923,131.56	24,540,839.45	36,463,971.01
	Curtailments					13,745.26	67,920.33	81,665.59
	Liquidations					0.00	0.00	0.00
	Insurance Principal					0.00	0.00	0.00
	Repurchased Principal Amounts					0.00	0.00	0.00
	Other Principal					0.00	0.00	0.00
	Total Realized Loss Of Principal					0.00	0.00	0.00
	Delinquent Principal					(182,825.85)	(379,098.81)	(561,924.66)
	Advanced Principal					182,825.85	379,098.81	561,924.66
	TOTAL PRINCIPAL COLLECTED					12,135,207.29	25,018,479.35	37,153,686.64
				Page 4 of 29				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. 2003-NC1
	Mortgage Pass-Through Certificates
	Collection Account Report for October 27, 2003 Distribution
	Collection Account Report
PRINCIPAL - WITHDRAWALS						GROUP 2	GROUP 1	TOTAL
SPACE INTENTIONALLY LEFT BLANK
PRINCIPAL - OTHER ACCOUNTS						GROUP 2	GROUP 1	TOTAL
SPACE INTENTIONALLY LEFT BLANK
INTEREST - COLLECTIONS						GROUP 2	GROUP 1	TOTAL
	Scheduled Interest					1,745,163.95	3,833,722.91	5,578,886.86
	Liquidation Interest					0.00	0.00	0.00
	Repurchased Interest					0.00	0.00	0.00
	Insurance Interest					0.00	0.00	0.00
	Other Interest					0.00	0.00	0.00
	Relief Act Interest Shortfalls					0.00	0.00	0.00
	Net Prepayment Interest Shortfalls					0.00	0.00	0.00
	Delinquent Interest					(1,541,190.87)	(3,436,421.03)	(4,977,611.90)
	Interest Advanced					1,445,720.33	3,224,647.15	4,670,367.48
	Realized Losses of Interest					(300.00)	(288.02)	(588.02)
	TOTAL INTEREST COLLECTED					1,649,393.41	3,621,661.01	5,271,054.42
				Page 5 of 29				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. 2003-NC1
	Mortgage Pass-Through Certificates
	Collection Account Report for October 27, 2003 Distribution
	Collection Account Report
INTEREST - WITHDRAWALS						GROUP 2	GROUP 1	TOTAL
	Trust Fund Expenses							0.00
	Nonrecoverable Advances							0.00
	Reimbursements to Master Servicer							0.00
	TOTAL INTEREST WITHDRAWALS							0.00
INTEREST - OTHER ACCOUNTS						GROUP 2	GROUP 1	TOTAL
	TOTAL INTEREST OTHER ACCOUNTS					0.00	0.00	0.00
INTEREST - FEES						GROUP 2	GROUP 1	TOTAL
	Current Servicing Fees					13,126.75	25,204.09	38,330.84
	Class A-2 Certificate Insurance Premium					6,529.85	0.00	6,529.85
	Trustee Fees					977.38	2,132.80	3,110.18
	TOTAL INTEREST OTHER FEES					20,633.98	27,336.89	47,970.87
				Page 6 of 29				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. 2003-NC1
	Mortgage Pass-Through Certificates
	Credit Enhancement Report for October 27, 2003 Distribution
	Credit Enhancement Report
ACCOUNTS						GROUP 2	GROUP 1	TOTAL
	Excess Reserve Fund Balance (Ending)							0.00
INSURANCE						GROUP 2	GROUP 1	TOTAL
SPACE INTENTIONALLY LEFT BLANK
STRUCTURAL FEATURES						GROUP 2	GROUP 1	TOTAL
	Beginning Subordinated Amount							17,213,533.69
	Ending Subordinated Amount							17,213,533.69
	Specified Subordinated Amount							17,213,533.69
	Senior Enhancement Percentage							23.59%
				Page 7 of 29				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. 2003-NC1
	Mortgage Pass-Through Certificates
	Collateral Report for October 27, 2003 Distribution
	Collateral Report
COLLATERAL						GROUP 2	GROUP 1	TOTAL
	Loan Count:
	Original					1653	4664	6317
	Prior					1,464	4,055	5,519
	Prefunding					-	-	-
	Scheduled Paid Offs					-	-	-
	Full Voluntary Prepayments					(54)	(155)	(209)
	Repurchases					-	-	-
	Liquidations					-	-	-
	Current					1,410	3,900	5,310
	Principal Balance:
	Original					311,120,564.87	672,509,931.72	983,630,496.59
	Prior					260,633,498.44	568,747,126.02	829,380,624.46
	Prefunding					-	-	-
	Scheduled Principal					(198,330.47)	(409,719.57)	(608,050.04)
	Partial and Full Voluntary Prepayments					(11,936,876.82)	(24,608,759.78)	(36,545,636.60)
	Repurchases					-	-	-
	Liquidations					-	-	-
	Current					248,498,291.15	543,728,646.67	792,226,937.82
PREFUNDING						GROUP 2	GROUP 1	TOTAL
SPACE INTENTIONALLY LEFT BLANK
	Group 1
	Group 2
Current Prin Balance by Groups (in millions of dollars)					Total Current Principal Balance (in millions of dollars)
				Page 8 of 29				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. 2003-NC1
	Mortgage Pass-Through Certificates
	Collateral Report for October 27, 2003 Distribution
	Collateral Report
CHARACTERISTICS						GROUP 2	GROUP 1	TOTAL
	Weighted Average Coupon Original					7.999302%	8.101822%	8.069395%
	Weighted Average Coupon Prior					8.029729%	8.090801%	8.071553%
	Weighted Average Coupon Current					8.035025%	8.088775%	8.071884%
	Weighted Average Months to Maturity Original					343	353	350
	Weighted Average Months to Maturity Prior					336	346	343
	Weighted Average Months to Maturity Current					335	345	342
	Weighted Avg Remaining Amortization Term Original					342	353	350
	Weighted Avg Remaining Amortization Term Prior					335	346	342
	Weighted Avg Remaining Amortization Term Current					334	345	342
	Weighted Average Seasoning Original					4.21	4.18	4.19
	Weighted Average Seasoning Prior					11.20	11.18	11.19
	Weighted Average Seasoning Current					12.19	12.18	12.19
Note: Original information refers to deal issue.
	Group 1
	Group 2
WAC by Groups					Total WAC
WARAT by Groups					Total WARAT
Note: Dates correspond to distribution dates.
				Page 9 of 29				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. 2003-NC1
	Mortgage Pass-Through Certificates
	Collateral Report for October 27, 2003 Distribution
	Collateral Report
ARM CHARACTERISTICS						GROUP 2	GROUP 1	TOTAL
	Weighted Average Margin Original					3.515%	5.591%
	Weighted Average Margin Prior					3.426%	5.583%
	Weighted Average Margin Current					3.443%	5.579%
	Weighted Average Max Rate Original					8.680%	13.016%
	Weighted Average Max Rate Prior					8.376%	12.988%
	Weighted Average Max Rate Current					8.360%	12.989%
	Weighted Average Min Rate Original					4.281%	7.017%
	Weighted Average Min Rate Prior					4.154%	7.000%
	Weighted Average Min Rate Current					4.161%	6.999%
	Weighted Average Cap Up Original					0.976%	1.289%
	Weighted Average Cap Up Prior					0.934%	1.286%
	Weighted Average Cap Up Current					0.927%	1.287%
	Weighted Average Cap Down Original					0.976%	1.289%
	Weighted Average Cap Down Prior					0.934%	1.286%
	Weighted Average Cap Down Current					0.927%	1.287%
Note: Original information refers to deal issue.
SERVICING FEES / ADVANCES						GROUP 2	GROUP 1	TOTAL
	Current Servicing Fees					13,126.75	25,204.09	38,330.84
	Delinquent Servicing Fees					95,470.54	211,773.88	307,244.42
	TOTAL SERVICING FEES					108,597.29	236,977.97	345,575.26
	Prepayment Interest Shortfall					0.00	0.00	0.00
	Compensating Interest					0.00	0.00	0.00
	Delinquent Servicing Fees					(95,470.54)	(211,773.88)	(307,244.42)
	COLLECTED SERVICING FEES					13,126.75	25,204.09	38,330.84
	Aggregate Advances with respect to this Distribution					1,628,546.18	3,603,745.96	5,232,292.14
	Current Nonrecoverable Advances					0.00	0.00	0.00
	Cumulative Nonrecoverable Advances					0.00	0.00	0.00
ADDITIONAL COLLATERAL INFORMATION						GROUP 2	GROUP 1	TOTAL
	Net Prepayment Interest Shortfall							0.00
	Net Monthly Excess Cash Flow							3,850,405.49
	Ending Pool Stated Principal Balance					248,498,291.15	543,728,646.67	792,226,937.82
				Page 10 of 29				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. 2003-NC1
	Mortgage Pass-Through Certificates
	Delinquency Report for October 27, 2003 Distribution
	Delinquency Report - Total
				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			27,375,367.20	4,090,834.34	2,441,589.30	33,907,790.84
		% Balance			3.46%	0.52%	0.31%	4.28%
		# Loans			212	26	23	261
		% # Loans			3.99%	0.49%	0.43%	4.92%
FORECLOSURE		Balance		-	-	6,175,172.01	15,851,864.33	22,027,036.34
		% Balance		0.00%	0.00%	0.78%	2.00%	2.78%
		# Loans		-	-	44	119	163
		% # Loans		0.00%	0.00%	0.83%	2.24%	3.07%
BANKRUPTCY		Balance		3,177,119.74	996,267.24	305,796.86	5,149,241.45	9,628,425.29
		% Balance		0.40%	0.13%	0.04%	0.65%	1.22%
		# Loans		23	7	2	41	73
		% # Loans		0.43%	0.13%	0.04%	0.77%	1.37%
REO		Balance		-	-	-	1,930,063.66	1,930,063.66
		% Balance		0.00%	0.00%	0.00%	0.24%	0.24%
		# Loans		-	-	-	21	21
		% # Loans		0.00%	0.00%	0.00%	0.40%	0.40%
TOTAL		Balance		3,177,119.74	28,371,634.44	10,571,803.21	25,372,758.74	67,493,316.13
		% Balance		0.40%	3.58%	1.33%	3.20%	8.52%
		# Loans		23	219	72	204	518
		% # Loans		0.43%	4.12%	1.36%	3.84%	9.76%
Note: <1 Payment = 0-30days, 1 Payment = 31-60days, 2 Payments = 61-90days, 3+ Payments = 91+
								6 Months Moving Average
1 or 2 Payments Delinquent					3 or More Payments Delinquent
Total Foreclosure					Total Bankruptcy and REO
Note: Dates correspond to distribution dates.
				Page 11 of 29				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. 2003-NC1
	Mortgage Pass-Through Certificates
	Delinquency Report for October 27, 2003 Distribution
	Delinquency Report - Group 1 Group
				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			20,602,678.13	3,685,080.07	2,090,255.60	26,378,013.80
		% Balance			3.79%	0.68%	0.38%	4.85%
		# Loans			159	22	18	199
		% # Loans			4.08%	0.56%	0.46%	5.10%
FORECLOSURE		Balance		-	-	2,669,988.63	9,812,093.91	12,482,082.54
		% Balance		0.00%	0.00%	0.49%	1.80%	2.30%
		# Loans		-	-	27	83	110
		% # Loans		0.00%	0.00%	0.69%	2.13%	2.82%
BANKRUPTCY		Balance		2,253,066.67	544,800.83	253,965.20	3,444,621.52	6,496,454.22
		% Balance		0.41%	0.10%	0.05%	0.63%	1.19%
		# Loans		16	5	1	29	51
		% # Loans		0.41%	0.13%	0.03%	0.74%	1.31%
REO		Balance		-	-	-	1,498,153.60	1,498,153.60
		% Balance		0.00%	0.00%	0.00%	0.28%	0.28%
		# Loans		-	-	-	16	16
		% # Loans		0.00%	0.00%	0.00%	0.41%	0.41%
TOTAL		Balance		2,253,066.67	21,147,478.96	6,609,033.90	16,845,124.63	46,854,704.16
		% Balance		0.41%	3.89%	1.22%	3.10%	8.62%
		# Loans		16	164	50	146	376
		% # Loans		0.41%	4.21%	1.28%	3.74%	9.64%
Note: <1 Payment = 0-30days, 1 Payment = 31-60days, 2 Payments = 61-90days, 3+ Payments = 91+
								6 Months Moving Average
1 or 2 Payments Delinquent					3 or More Payments Delinquent
Total Foreclosure					Total Bankruptcy and REO
Note: Dates correspond to distribution dates.
				Page 12 of 29				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. 2003-NC1
	Mortgage Pass-Through Certificates
	Delinquency Report for October 27, 2003 Distribution
	Delinquency Report - Group 2 Group
				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			6,772,689.07	405,754.27	351,333.70	7,529,777.04
		% Balance			2.73%	0.16%	0.14%	3.03%
		# Loans			53	4	5	62
		% # Loans			3.76%	0.28%	0.35%	4.40%
FORECLOSURE		Balance		-	-	3,505,183.38	6,039,770.42	9,544,953.80
		% Balance		0.00%	0.00%	1.41%	2.43%	3.84%
		# Loans		-	-	17	36	53
		% # Loans		0.00%	0.00%	1.21%	2.55%	3.76%
BANKRUPTCY		Balance		924,053.07	451,466.41	51,831.66	1,704,619.93	3,131,971.07
		% Balance		0.37%	0.18%	0.02%	0.69%	1.26%
		# Loans		7	2	1	12	22
		% # Loans		0.50%	0.14%	0.07%	0.85%	1.56%
REO		Balance		-	-	-	431,910.06	431,910.06
		% Balance		0.00%	0.00%	0.00%	0.17%	0.17%
		# Loans		-	-	-	5	5
		% # Loans		0.00%	0.00%	0.00%	0.35%	0.35%
TOTAL		Balance		924,053.07	7,224,155.48	3,962,769.31	8,527,634.11	20,638,611.97
		% Balance		0.37%	2.91%	1.59%	3.43%	8.31%
		# Loans		7	55	22	58	142
		% # Loans		0.50%	3.90%	1.56%	4.11%	10.07%
Note: <1 Payment = 0-30days, 1 Payment = 31-60days, 2 Payments = 61-90days, 3+ Payments = 91+
								6 Months Moving Average
1 or 2 Payments Delinquent					3 or More Payments Delinquent
Total Foreclosure					Total Bankruptcy and REO
Note: Dates correspond to distribution dates.
				Page 13 of 29				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. 2003-NC1
	Mortgage Pass-Through Certificates
	REO Report for October 27, 2003 Distribution
	REO Report - Mortgage Loans that Become REO During Current Distribution
SUMMARY				LOAN GROUP
Total Loan Count = 4				Loan Group 1 = Group 1 Group; REO Book Value = Not Available
Total Original Principal Balance = 387,300.00				Loan Group 2 = Group 2 Group; REO Book Value = Not Available
Total Current Balance = 384,781.43
REO Book Value = Not Available
REO Book Value reported corresponds to total REO loans, including loans that become REO during current distribution.
Loan Number		Original	Stated		Current	State &
&		Principal	Principal	Paid to	Note	LTV at	Original	Origination
Loan Group		Balance	Balance	Date	Rate	Origination	Term	Date
695941 1		96,000.00	95,099.22	Jan-01-03	7.490%	NM - 80.00%	360
703275 1		102,850.00	102,145.83	Mar-01-03	8.990%	GA - 85.00%	360
691495 2		60,200.00	59,928.36	Nov-01-02	10.990%	MI - 70.00%	360
700685 2		128,250.00	127,608.02	Dec-01-02	10.500%	TX - 75.00%	360
				Page 14 of 29				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. 2003-NC1
	Mortgage Pass-Through Certificates
	Foreclosure Report for October 27, 2003 Distribution
	Foreclosure Report - Mortgage Loans that Become Foreclosure During Current Distribution
SUMMARY				LOAN GROUP
Total Loan Count = 59				Loan Group 1 = Group 1 Group
Total Original Principal Balance = 8,751,700.00				Loan Group 2 = Group 2 Group
Total Current Balance = 8,681,523.04
Loan Number		Original	Stated		Current	State &
&		Principal	Principal	Paid to	Note	LTV at	Original	Origination
Loan Group		Balance	Balance	Date	Rate	Origination	Term	Date
607146 1		29,750.00	29,537.42	Jun-01-03	10.500%	MI - 85.00%	360
639190 1		70,000.00	69,593.43	Jun-01-03	9.750%	MI - 58.33%	360
663686 1		42,500.00	42,237.85	Jun-01-03	9.500%	NY - 85.00%	360
671172 1		142,200.00	141,204.28	Jun-01-03	8.990%	FL - 90.00%	360
671837 1		101,150.00	100,557.63	Jun-01-03	9.750%	LA - 85.00%	360
674878 1		97,500.00	96,474.47	Jun-01-03	7.250%	GA - 62.50%	360
675321 1		81,000.00	80,383.89	Jun-01-03	8.500%	AZ - 81.00%	360
679020 1		198,000.00	196,602.06	Jun-01-03	9.250%	IL - 84.98%	360
679292 1		96,000.00	95,363.90	Jun-01-03	9.150%	CO - 80.00%	360
681232 1		84,000.00	83,309.56	Jun-01-03	8.500%	IL - 52.50%	360
683356 1		96,900.00	95,610.78	Jun-01-03	9.750%	AL - 85.00%	360
683420 1		225,250.00	223,459.68	Jun-01-03	8.250%	NY - 85.00%	360
687901 1		87,000.00	86,114.54	Jun-01-03	6.990%	LA - 75.00%	360
688844 1		67,500.00	67,254.44	May-01-03	11.990%	CO - 51.92%	360
689706 1		139,400.00	138,131.63	Jun-01-03	7.990%	CA - 85.00%	360
690229 1		51,200.00	50,779.10	Jun-01-03	8.500%	KY - 80.00%	360
690673 1		128,000.00	127,111.72	Jun-01-03	9.250%	MN - 80.00%	360
691188 1		65,700.00	65,273.43	Jun-01-03	9.250%	IA - 90.00%	360
691227 1		111,200.00	110,504.44	Jun-01-03	9.990%	GA - 80.00%	360
691940 1		138,750.00	137,894.01	Feb-01-03	9.500%	OR - 75.00%	360
692744 1		41,650.00	41,317.86	Jun-01-03	8.500%	MI - 85.00%	360
693134 1		90,000.00	89,572.68	Jun-01-03	10.750%	TX - 75.00%	360
693230 1		82,600.00	82,006.22	May-01-03	8.750%	OH - 78.67%	360
693806 1		105,600.00	105,011.70	Apr-01-03	9.990%	MI - 80.00%	360
696530 1		83,500.00	82,929.53	Jan-01-03	9.000%	TN - 69.58%	360
697907 1		102,850.00	102,070.05	Jun-01-03	8.490%	MI - 85.00%	360
701428 1		84,000.00	83,296.84	Jun-01-03	7.990%	KY - 70.00%	360
702593 1		141,525.00	140,816.60	Jun-01-03	10.500%	AZ - 85.00%	360
702619 1		133,000.00	131,867.67	May-01-03	7.990%	NY - 70.00%	360
705160 1		112,500.00	111,658.02	Jun-01-03	8.550%	CA - 75.00%	360
706337 1		87,500.00	86,960.42	Jun-01-03	9.500%	IA - 84.95%	360
706711 1		119,200.00	118,296.94	Jun-01-03	8.490%	WA - 80.00%	360
711301 1		64,125.00	63,749.41	Jun-01-03	9.750%	OH - 75.00%	360
651274 2		76,500.00	75,977.31	Jun-01-03	9.000%	OH - 85.00%	360
667150 2		89,000.00	88,371.54	May-01-03	9.250%	IL - 66.42%	360
672397 2		152,500.00	151,558.63	Apr-01-03	9.750%	CO - 84.25%	360
675184 2		306,000.00	303,484.91	Jun-01-03	8.500%	WA - 90.00%	360
675693 2		359,000.00	354,641.01	Jun-01-03	6.500%	SC - 65.27%	360
680231 2		223,000.00	220,971.73	Jun-01-03	7.990%	NC - 78.25%	360
683086 2		55,200.00	54,964.71	Mar-01-03	11.650%	TX - 80.00%	360
683984 2		342,000.00	339,414.54	Jun-01-03	8.500%	NY - 90.00%	360
684701 2		195,000.00	194,365.55	May-01-03	12.500%	OK - 75.00%	360
685805 2		114,100.00	113,553.52	Jun-01-03	10.990%	CA - 70.00%	360
689328 2		319,500.00	316,592.98	Jun-01-03	7.990%	CA - 90.00%	360
				Page 15 of 29				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. 2003-NC1
	Mortgage Pass-Through Certificates
	Foreclosure Report for October 27, 2003 Distribution
	Foreclosure Report - Mortage Loans that Become Foreclosure During Current Distribution
Loan Number		Original	Stated		Current	State &
&		Principal	Principal	Paid to	Note	LTV at	Original	Origination
Loan Group		Balance	Balance	Date	Rate	Origination	Term	Date
690857 2		308,750.00	306,335.36	Jun-01-03	8.750%	CA - 93.56%	360
691746 2		340,000.00	337,154.11	May-01-03	7.990%	CA - 80.00%	360
691880 2		35,000.00	34,708.20	Jun-01-03	7.990%	MS - 68.63%	360
692514 2		337,500.00	333,950.39	Jun-01-03	7.250%	MO - 90.00%	360
695306 2		71,200.00	70,791.58	Apr-01-03	9.850%	TX - 80.00%	360
697312 2		340,000.00	336,460.09	May-01-03	7.750%	CA - 84.16%	360
700076 2		88,000.00	87,603.04	Jun-01-03	10.990%	FL - 80.00%	360
700294 2		168,000.00	167,388.98	Jun-01-03	11.990%	CA - 63.40%	360
701977 2		101,500.00	100,934.54	Jun-01-03	9.990%	NJ - 72.50%	360
702043 2		367,500.00	363,906.33	Apr-01-03	7.990%	NY - 70.00%	360
703828 2		77,300.00	76,652.99	Jun-01-03	7.990%	TX - 83.12%	360
704332 2		304,000.00	301,814.92	Dec-01-02	8.750%	CO - 80.00%	360
706897 2		50,100.00	48,240.94	Jun-01-03	7.990%	TX - 35.28%	180
706903 2		581,250.00	576,240.11	Jun-01-03	8.490%	TX - 75.24%	360
713460 2		48,750.00	48,492.83	Jun-01-03	10.250%	TX - 65.00%	360
				Page 16 of 29				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. 2003-NC1
	Mortgage Pass-Through Certificates
	Prepayment Report for October 27, 2003 Distribution
	Prepayment Report - Voluntary Prepayments
VOLUNTARY PREPAYMENTS						GROUP 2	GROUP 1	TOTAL
	Current
	Number of Paid in Full Loans					54	155	209
	Number of Repurchased Loans					-	-	-
	Total Number of Loans Prepaid in Full					54	155	209
	Paid in Full Balance					11,923,131.56	24,540,839.45	36,463,971.01
	Repurchased Loans Balance					-	-	-
	Curtailments Amount					13,745.26	67,920.33	81,665.59
	Total Prepayment Amount					11,936,876.82	24,608,759.78	36,545,636.60
	Cumulative
	Number of Paid in Full Loans					243	757	1,000
	Number of Repurchased Loans					-	-	-
	Total Number of Loans Prepaid in Full					243	757	1,000
	Paid in Full Balance					60,040,528.33	123,436,682.54	183,477,210.87
	Repurchased Loans Balance					-	-	-
	Curtailments Amount					642,600.58	575,400.13	1,218,000.71
	Total Prepayment Amount					60,683,128.91	124,012,082.67	184,695,211.58
SPACE INTENTIONALLY LEFT BLANK
Total Prepayments by Groups (in thousands of dollars)					Total Prepayments (in thousands of dollars)
				Page 17 of 29				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. 2003-NC1
	Mortgage Pass-Through Certificates
	Prepayment Report for October 27, 2003 Distribution
	Prepayment Report - Voluntary Prepayments
VOLUNTARY PREPAYMENT RATES						GROUP 2	GROUP 1	TOTAL
	SMM					4.58%	4.33%	4.41%
	3 Months Avg SMM					3.85%	3.74%	3.77%
	12 Months Avg SMM
	Avg SMM Since Cut-off					2.39%	2.25%	2.30%
	CPR					43.05%	41.21%	41.79%
	3 Months Avg CPR					37.56%	36.69%	36.97%
	12 Months Avg CPR
	Avg CPR Since Cut-off					25.23%	23.91%	24.33%
	PSA					1765.20%	1691.51%	1714.92%
	3 Months Avg PSA Approximation					1677.33%	1640.84%	1652.37%
	12 Months Avg PSA Approximation
	Avg PSA Since Cut-off Approximation					1537.36%	1461.21%	1485.40%
	Group 1
	Group 2
CPR by Groups					Total CPR
PSA by Groups					Total PSA
				Page 18 of 29				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. 2003-NC1
	Mortgage Pass-Through Certificates
	Prepayment Report for October 27, 2003 Distribution
	Prepayment Report - Voluntary Prepayments
	Group 1
	Group 2
CPR Avg since Cut-Off by Groups					Total CPR Avg since Cut-Off
PSA Avg since Cut-Off by Groups					Total PSA Avg since Cut-Off
PREPAYMENT CALCULATION METHODOLOGY
Single Monthly Mortality (SMM): (Voluntary partial and full prepayments + Repurchases)/(Beg Principal Balance - Sched Principal)
Conditional Prepayment Rate (CPR): 1-((1-SMM)^12)
PSA Standard Prepayment Model: CPR/(0.02*min(30,WAS))
Average SMM over period between nth month and mth month (AvgSMMn,m): [(1-SMMn) * (1-SMMn+1) *.......*(1-SMMm)]^(1/months in period n,m)
Average CPR over period between the nth month and mth month (AvgCPRn,m): 1-((1-AvgSMMn,m)^12)
Average PSA Approximation over period between the nth month and mth month: AvgCPRn,m/(0.02*Avg WASn,m))
Average WASn,m: (min(30,WASn)+min(30,WASn+1)+.......+min(30,WASm)/(number of months in the period n,m)
Weighted Average Seasoning (WAS)
Note: Prepayment rates are calculated since deal issue date and include partial and full voluntary prepayments and repurchases.
Dates correspond to distribution dates.
				Page 19 of 29				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. 2003-NC1
	Mortgage Pass-Through Certificates
	Prepayment Detail Report for October 27, 2003 Distribution
	Prepayment Detail Report - Loans Prepaid in Full During Current Distribution
SUMMARY						LOAN GROUP
Total Loan Count = 209						Loan Group 1 = Group 1 Group
Total Original Principal Balance = 36,789,199.00						Loan Group 2 = Group 2 Group
Total Prepayment Amount = 36,463,971.01
Loan Number			Original			Current	State &	Type Prepayment
&		Loan	Principal	Prepayment	Prepayment	Note	LTV at	&	Origination
Loan Group		Status	Balance	Amount	Date	Rate	Origination	Original Term	Date
634225 1			121,500.00	120,814.45	Oct-01-03	9.490%	MI - 45.00%	Paid Off - 360
635139 1			282,800.00	280,687.77	Oct-01-03	8.375%	CA - 70.00%	Paid Off - 360
652649 1			136,000.00	135,180.33	Oct-01-03	10.200%	CA - 80.00%	Paid Off - 360
658176 1			132,500.00	131,498.35	Oct-01-03	8.500%	CA - 79.34%	Paid Off - 360
659125 1			86,250.00	85,707.36	Oct-01-03	9.790%	OH - 75.00%	Paid Off - 360
659974 1			185,000.00	183,559.81	Oct-01-03	7.900%	NJ - 78.72%	Paid Off - 360
660396 1			121,500.00	120,609.56	Oct-01-03	8.250%	GA - 75.00%	Paid Off - 360
662822 1			151,200.00	150,201.59	Oct-01-03	9.150%	IL - 90.00%	Paid Off - 360
666771 1			143,200.00	141,693.89	Oct-01-03	7.250%	CA - 80.00%	Paid Off - 360
667808 1			204,000.00	202,735.18	Oct-01-03	9.500%	WA - 80.00%	Paid Off - 360
668280 1			217,515.00	215,691.67	Oct-01-03	7.750%	CA - 85.00%	Paid Off - 360
670603 1			229,000.00	220,409.38	Oct-01-03	7.500%	CA - 77.63%	Paid Off - 180
671459 1			157,500.00	156,402.88	Oct-01-03	8.500%	CA - 75.00%	Paid Off - 360
671949 1			228,700.00	226,637.40	Oct-01-03	7.150%	CT - 74.98%	Paid Off - 360
672401 1			160,000.00	158,475.71	Oct-01-03	7.490%	CA - 80.00%	Paid Off - 360
674637 1			110,500.00	109,537.68	Oct-01-03	7.790%	CA - 85.00%	Paid Off - 360
674733 1			172,000.00	170,920.18	Oct-01-03	9.250%	NC - 76.44%	Paid Off - 360
675085 1			202,400.00	201,137.02	Oct-01-03	9.000%	NY - 80.00%	Paid Off - 360
675386 1			64,000.00	63,506.81	Oct-01-03	8.250%	MI - 75.29%	Paid Off - 360
676134 1			136,000.00	135,132.91	Oct-01-03	9.990%	AZ - 85.00%	Paid Off - 360
676843 1			165,600.00	164,189.15	Oct-01-03	7.990%	CA - 80.00%	Paid Off - 360
677655 1			105,400.00	104,562.21	Oct-01-03	8.250%	MI - 85.00%	Paid Off - 360
678659 1			144,500.00	143,056.75	Oct-01-03	7.000%	CA - 85.00%	Paid Off - 360
678769 1			238,000.00	235,995.09	Oct-01-03	7.500%	CA - 85.00%	Paid Off - 360
679363 1			100,800.00	100,089.75	Oct-01-03	8.400%	CA - 90.00%	Paid Off - 360
679812 1			119,250.00	118,338.00	Oct-01-03	7.990%	CO - 90.00%	Paid Off - 360
680190 1			224,000.00	222,350.15	Oct-01-03	8.750%	CA - 80.00%	Paid Off - 360
680207 1			74,000.00	73,344.66	Oct-01-03	7.250%	CA - 50.00%	Paid Off - 360
680673 1			170,700.00	169,180.53	Oct-01-03	7.490%	IL - 77.59%	Paid Off - 360
681198 1			118,000.00	116,981.15	Oct-01-03	7.900%	CA - 71.52%	Paid Off - 360
682297 1			90,400.00	89,578.19	Oct-01-03	7.990%	CA - 80.00%	Paid Off - 360
682417 1			207,000.00	205,567.75	Oct-01-03	8.490%	NY - 90.00%	Paid Off - 360
683385 1			187,200.00	185,650.88	Oct-01-03	7.625%	MI - 90.00%	Paid Off - 360
683415 1			120,000.00	119,212.15	Oct-01-03	8.750%	KS - 80.00%	Paid Off - 360
683546 1			69,600.00	69,119.35	Oct-01-03	9.250%	MI - 80.00%	Paid Off - 360
683580 1			272,000.00	270,387.67	Oct-01-03	9.250%	NY - 85.00%	Paid Off - 360
683863 1			271,000.00	269,305.76	Oct-01-03	8.990%	NJ - 76.34%	Paid Off - 360
684094 1			124,000.00	122,730.56	Oct-01-03	6.490%	RI - 80.00%	Paid Off - 360
684096 1			123,250.00	122,266.69	Oct-01-03	7.750%	CA - 85.00%	Paid Off - 360
684855 1			200,000.00	198,324.97	Oct-01-03	7.990%	CA - 76.92%	Paid Off - 360
684899 1			106,200.00	105,387.87	Oct-01-03	7.990%	OH - 90.00%	Paid Off - 360
685288 1			144,000.00	142,898.82	Oct-01-03	7.990%	CA - 90.00%	Paid Off - 360
685306 1			216,000.00	214,783.88	Oct-01-03	9.500%	IL - 90.00%	Paid Off - 360
685819 1			285,000.00	283,217.89	Oct-01-03	8.990%	CA - 75.00%	Paid Off - 360
					Page 20 of 29				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. 2003-NC1
	Mortgage Pass-Through Certificates
	Prepayment Detail Report for October 27, 2003 Distribution
	Prepayment Detail Report - Loans Prepaid in Full During Current Distribution
Loan Number			Original			Current	State &
&		Loan	Principal	Prepayment	Prepayment	Note	LTV at	Original	Origination
Loan Group		Status	Balance	Amount	Date	Rate	Origination	Term	Date
686106 1			73,800.00	73,315.25	Oct-01-03	8.750%	NC - 90.00%	Paid Off - 360
686184 1			90,000.00	89,374.75	Oct-01-03	8.500%	FL - 68.70%	Paid Off - 360
686238 1			191,250.00	189,303.48	Oct-01-03	6.990%	MA - 85.00%	Paid Off - 360
686838 1			35,000.00	34,565.53	Oct-01-03	6.990%	IN - 43.75%	Paid Off - 360
687133 1			296,400.00	293,776.66	Oct-01-03	7.990%	CA - 95.00%	Paid Off - 360
687725 1			35,000.00	34,719.26	Oct-01-03	7.750%	IA - 30.17%	Paid Off - 360
687793 1			60,000.00	59,766.38	Oct-01-03	11.250%	FL - 21.82%	Paid Off - 360
688524 1			189,000.00	187,694.94	Oct-01-03	8.500%	CA - 90.00%	Paid Off - 360
688541 1			107,100.00	106,394.97	Oct-01-03	8.740%	MA - 85.00%	Paid Off - 360
688896 1			114,000.00	113,039.65	Oct-01-03	7.500%	CA - 73.55%	Paid Off - 360
688937 1			216,000.00	213,267.05	Oct-01-03	7.740%	IL - 90.00%	Paid Off - 360
689141 1			40,000.00	39,128.61	Oct-01-03	8.750%	SC - 30.77%	Paid Off - 360
689196 1			212,500.00	210,893.46	Oct-01-03	8.500%	CA - 83.33%	Paid Off - 360
689278 1			112,200.00	111,371.93	Oct-01-03	8.750%	CA - 85.00%	Paid Off - 360
689359 1			248,000.00	246,449.57	Oct-01-03	8.990%	CA - 80.00%	Paid Off - 360
689454 1			125,000.00	123,596.42	Oct-01-03	6.000%	NJ - 46.30%	Paid Off - 360
689674 1			195,000.00	193,275.15	Oct-01-03	7.250%	CA - 65.00%	Paid Off - 360
689985 1			238,000.00	236,437.60	Oct-01-03	8.750%	CA - 85.00%	Paid Off - 360
690010 1			112,000.00	110,980.17	Oct-01-03	6.000%	PA - 80.00%	Paid Off - 360
690558 1			150,000.00	148,791.94	Oct-01-03	7.990%	NJ - 66.67%	Paid Off - 360
690693 1			184,000.00	182,372.45	Oct-01-03	7.250%	CA - 81.78%	Paid Off - 360
690700 1			50,000.00	49,745.72	Oct-01-03	9.990%	CA - 16.45%	Paid Off - 360
690898 1			130,500.00	129,501.99	Oct-01-03	7.990%	FL - 85.29%	Paid Off - 360
690905 1			190,000.00	188,461.58	Oct-01-03	7.790%	CA - 62.91%	Paid Off - 360
691096 1			200,000.00	198,616.23	Oct-01-03	8.490%	NJ - 80.00%	Paid Off - 360
691212 1			284,750.00	282,413.07	Oct-01-03	7.750%	CA - 85.00%	Paid Off - 360
691264 1			71,200.00	70,855.39	Oct-01-03	9.750%	SC - 80.00%	Paid Off - 360
691331 1			189,000.00	187,219.75	Oct-01-03	7.300%	CA - 90.00%	Paid Off - 360
691393 1			247,500.00	245,427.95	Oct-01-03	7.990%	CA - 90.00%	Paid Off - 360
691606 1			191,250.00	190,173.19	Oct-01-03	9.500%	MI - 85.00%	Paid Off - 360
691626 1			241,200.00	239,448.72	Oct-01-03	8.250%	MI - 88.35%	Paid Off - 360
691824 1			211,500.00	210,039.52	Oct-01-03	8.500%	CA - 88.87%	Paid Off - 360
691981 1			280,000.00	277,774.50	Oct-01-03	8.250%	CA - 80.00%	Paid Off - 360
692190 1			150,000.00	148,912.50	Oct-01-03	8.490%	MD - 89.29%	Paid Off - 360
692199 1			166,175.00	163,740.87	Oct-01-03	7.750%	CA - 85.00%	Paid Off - 360
692826 1			208,000.00	206,378.11	Oct-01-03	7.900%	MA - 80.00%	Paid Off - 360
692849 1			170,000.00	161,785.19	Oct-01-03	6.750%	NY - 51.99%	Paid Off - 180
693398 1			101,000.00	99,240.08	Oct-01-03	8.500%	IN - 66.01%	Paid Off - 360
693597 1			106,000.00	105,230.31	Oct-01-03	8.250%	MA - 60.57%	Paid Off - 360
693725 1			212,500.00	210,875.00	Oct-01-03	7.990%	CA - 85.00%	Paid Off - 360
694482 1			360,000.00	356,135.83	Oct-01-03	6.240%	IL - 80.00%	Paid Off - 360
694688 1			264,000.00	261,679.77	Oct-01-03	7.990%	CA - 80.00%	Paid Off - 360
694772 1			217,500.00	216,069.24	Oct-01-03	8.750%	CA - 75.00%	Paid Off - 360
694921 1			188,800.00	187,837.97	Oct-01-03	9.990%	CA - 80.00%	Paid Off - 360
695090 1			204,000.00	202,113.59	Oct-01-03	7.750%	NY - 80.00%	Paid Off - 360
695115 1			153,000.00	151,711.18	Oct-01-03	7.500%	CA - 85.00%	Paid Off - 360
695154 1			39,950.00	39,674.04	Oct-01-03	8.500%	MI - 85.00%	Paid Off - 360
695483 1			56,000.00	55,207.61	Oct-01-03	9.990%	NC - 70.00%	Paid Off - 360
695607 1			58,800.00	57,968.02	Oct-01-03	9.990%	NC - 70.00%	Paid Off - 360
695994 1			49,600.00	48,269.54	Oct-01-03	6.000%	MO - 80.00%	Paid Off - 360
696174 1			234,000.00	232,384.22	Oct-01-03	8.500%	NE - 90.00%	Paid Off - 360
696557 1			82,300.00	81,880.65	Oct-01-03	10.000%	FL - 74.91%	Paid Off - 360
					Page 21 of 29				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. 2003-NC1
	Mortgage Pass-Through Certificates
	Prepayment Detail Report for October 27, 2003 Distribution
	Prepayment Detail Report - Loans Prepaid in Full During Current Distribution
Loan Number			Original			Current	State &
&		Loan	Principal	Prepayment	Prepayment	Note	LTV at	Original	Origination
Loan Group		Status	Balance	Amount	Date	Rate	Origination	Term	Date
696674 1			162,500.00	161,196.86	Oct-01-03	7.750%	IL - 72.22%	Paid Off - 360
696951 1			91,000.00	90,487.65	Oct-01-03	9.500%	TN - 70.00%	Paid Off - 360
697346 1			60,000.00	57,957.04	Oct-01-03	7.750%	CA - 55.05%	Paid Off - 180
697657 1			165,000.00	163,967.18	Oct-01-03	8.990%	FL - 74.32%	Paid Off - 360
697691 1			234,000.00	231,930.19	Oct-01-03	7.250%	CA - 90.00%	Paid Off - 360
698558 1			123,000.00	122,106.95	Oct-01-03	8.250%	MI - 75.00%	Paid Off - 360
698618 1			212,500.00	211,179.79	Oct-01-03	9.250%	CA - 85.00%	Paid Off - 360
698622 1			148,500.00	147,365.02	Oct-01-03	7.990%	CA - 90.00%	Paid Off - 360
698670 1			116,000.00	115,112.95	Oct-01-03	7.990%	CA - 80.00%	Paid Off - 360
699055 1			160,000.00	158,287.37	Oct-01-03	8.750%	IL - 68.09%	Paid Off - 360
699234 1			100,000.00	99,156.00	Oct-01-03	7.490%	AZ - 65.79%	Paid Off - 360
699263 1			231,000.00	229,798.65	Oct-01-03	9.990%	CA - 60.00%	Paid Off - 360
699747 1			122,500.00	121,368.54	Oct-01-03	7.490%	CA - 81.67%	Paid Off - 360
700240 1			176,250.00	174,278.41	Oct-01-03	6.750%	CA - 75.00%	Paid Off - 360
700458 1			246,000.00	243,927.78	Oct-01-03	7.500%	CA - 75.00%	Paid Off - 360
700765 1			79,000.00	78,351.23	Oct-01-03	7.750%	CA - 62.45%	Paid Off - 360
700882 1			122,400.00	121,521.83	Oct-01-03	9.750%	CA - 90.00%	Paid Off - 360
700926 1			150,000.00	148,855.21	Oct-01-03	8.000%	NY - 75.00%	Paid Off - 360
700934 1			108,000.00	107,314.36	Oct-01-03	9.250%	MO - 90.00%	Paid Off - 360
701285 1			144,500.00	143,012.79	Oct-01-03	7.500%	CA - 60.21%	Paid Off - 360
701554 1			289,000.00	289,000.00	Oct-01-03	5.320%	AZ - 85.00%	Paid Off - 300
702087 1			146,000.00	144,631.29	Oct-01-03	6.950%	CA - 41.71%	Paid Off - 360
702109 1			208,000.00	206,068.86	Oct-01-03	7.000%	CA - 80.00%	Paid Off - 360
703068 1			215,000.00	213,906.67	Oct-01-03	9.990%	MN - 64.18%	Paid Off - 360
703126 1			64,000.00	63,583.82	Oct-01-03	8.990%	FL - 83.12%	Paid Off - 360
703128 1			216,750.00	215,011.74	Oct-01-03	7.750%	CA - 85.00%	Paid Off - 360
703207 1			238,000.00	235,991.15	Oct-01-03	7.490%	CA - 85.00%	Paid Off - 360
703381 1			234,000.00	232,123.43	Oct-01-03	7.750%	WA - 90.00%	Paid Off - 360
703569 1			170,000.00	168,511.08	Oct-01-03	7.750%	CA - 73.91%	Paid Off - 360
703682 1			195,000.00	193,470.65	Oct-01-03	8.000%	NY - 29.55%	Paid Off - 360
703726 1			135,150.00	133,974.92	Oct-01-03	7.500%	CA - 85.00%	Paid Off - 360
703740 1			134,055.00	132,979.94	Oct-01-03	7.750%	NV - 90.00%	Paid Off - 360
703818 1			265,200.00	263,274.51	Oct-01-03	8.250%	CA - 85.00%	Paid Off - 360
703896 1			42,000.00	41,750.97	Oct-01-03	9.250%	FL - 60.00%	Paid Off - 360
704013 1			45,500.00	45,349.41	Oct-01-03	12.000%	TX - 70.00%	Paid Off - 360
704248 1			99,000.00	98,442.58	Oct-01-03	9.500%	AZ - 90.00%	Paid Off - 360
704283 1			150,000.00	149,062.19	Oct-01-03	8.990%	IL - 81.97%	Paid Off - 360
705127 1			181,900.00	180,644.38	Oct-01-03	8.500%	CA - 86.62%	Paid Off - 360
705909 1			252,221.00	239,788.75	Oct-01-03	6.990%	CA - 68.73%	Paid Off - 180
706007 1			202,608.00	201,317.93	Oct-01-03	8.900%	CA - 80.00%	Paid Off - 360
706078 1			255,000.00	252,744.49	Oct-01-03	7.250%	CA - 85.00%	Paid Off - 360
706352 1			156,500.00	155,115.66	Oct-01-03	7.250%	TN - 80.26%	Paid Off - 360
706392 1			139,200.00	137,787.72	Oct-01-03	7.990%	MN - 80.00%	Paid Off - 360
706466 1			181,000.00	179,750.12	Oct-01-03	8.500%	CA - 87.86%	Paid Off - 360
706665 1			157,250.00	155,922.78	Oct-01-03	7.490%	CA - 85.00%	Paid Off - 360
707173 1			84,150.00	83,506.47	Oct-01-03	7.990%	FL - 85.00%	Paid Off - 360
707241 1			140,000.00	139,107.55	Oct-01-03	8.895%	NJ - 54.90%	Paid Off - 360
707347 1			141,000.00	140,241.42	Oct-01-03	9.990%	IL - 75.00%	Paid Off - 360
707426 1			158,000.00	156,732.85	Oct-01-03	7.750%	CA - 63.07%	Paid Off - 360
707524 1			87,000.00	86,152.36	Oct-01-03	6.750%	CA - 60.00%	Paid Off - 360
707651 1			159,600.00	158,255.35	Oct-01-03	7.500%	CA - 95.00%	Paid Off - 360
708032 1			138,000.00	136,835.17	Oct-01-03	7.490%	CA - 76.67%	Paid Off - 360
					Page 22 of 29				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. 2003-NC1
	Mortgage Pass-Through Certificates
	Prepayment Detail Report for October 27, 2003 Distribution
	Prepayment Detail Report - Loans Prepaid in Full During Current Distribution
Loan Number			Original			Current	State &
&		Loan	Principal	Prepayment	Prepayment	Note	LTV at	Original	Origination
Loan Group		Status	Balance	Amount	Date	Rate	Origination	Term	Date
708805 1			146,160.00	145,274.98	Oct-01-03	9.150%	MN - 90.00%	Paid Off - 360
709432 1			144,500.00	143,221.83	Oct-01-03	7.250%	CA - 85.00%	Paid Off - 360
709859 1			126,900.00	125,902.19	Oct-01-03	7.850%	FL - 90.00%	Paid Off - 360
710187 1			156,000.00	154,537.80	Oct-01-03	7.150%	CA - 80.00%	Paid Off - 360
710889 1			124,600.00	124,165.31	Oct-01-03	11.990%	NJ - 70.00%	Paid Off - 360
711185 1			255,000.00	253,308.91	Oct-01-03	8.700%	CA - 85.00%	Paid Off - 360
711527 1			124,800.00	123,870.07	Oct-01-03	8.500%	CA - 80.00%	Paid Off - 360
659366 2			326,160.00	323,810.81	Oct-01-03	8.290%	NJ - 80.00%	Paid Off - 360
663864 2			255,000.00	253,239.25	Oct-01-03	8.500%	NY - 54.84%	Paid Off - 360
664505 2			373,500.00	370,328.57	Oct-01-03	7.550%	NY - 90.00%	Paid Off - 360
665977 2			110,000.00	109,023.59	Oct-01-03	8.250%	MA - 33.33%	Paid Off - 360
667356 2			66,000.00	63,875.95	Oct-01-03	8.250%	NE - 60.00%	Paid Off - 180
667830 2			165,000.00	163,492.54	Oct-01-03	8.250%	RI - 78.57%	Paid Off - 360
670482 2			620,000.00	620,000.00	Oct-01-03	5.338%	CA - 84.07%	Paid Off - 300
671713 2			344,000.00	340,382.06	Oct-01-03	7.250%	CA - 80.00%	Paid Off - 360
673392 2			268,000.00	259,488.43	Oct-01-03	8.500%	CA - 68.72%	Paid Off - 360
673641 2			348,500.00	344,785.80	Oct-01-03	6.750%	CA - 89.36%	Paid Off - 360
673827 2			203,000.00	201,598.24	Oct-01-03	8.500%	IL - 67.67%	Paid Off - 360
674214 2			454,000.00	450,527.26	Oct-01-03	7.990%	MA - 78.28%	Paid Off - 360
674988 2			300,000.00	297,487.99	Oct-01-03	7.990%	CA - 46.88%	Paid Off - 360
679285 2			330,000.00	329,999.50	Oct-01-03	5.340%	CA - 78.01%	Paid Off - 300
680051 2			55,200.00	54,871.30	Oct-01-03	9.670%	KY - 80.00%	Paid Off - 360
680331 2			65,000.00	64,448.31	Oct-01-03	9.490%	MI - 31.40%	Paid Off - 360
681249 2			104,000.00	103,349.82	Oct-01-03	8.990%	CA - 61.18%	Paid Off - 360
683072 2			67,200.00	66,739.62	Oct-01-03	9.740%	IA - 80.00%	Paid Off - 360
683787 2			136,500.00	135,951.20	Oct-01-03	11.100%	TX - 75.00%	Paid Off - 360
684555 2			348,000.00	345,068.57	Oct-01-03	7.500%	CA - 80.00%	Paid Off - 360
685309 2			86,800.00	86,358.54	Oct-01-03	9.990%	AL - 80.00%	Paid Off - 360
685600 2			76,500.00	75,656.46	Oct-01-03	8.250%	FL - 85.00%	Paid Off - 360
687285 2			165,000.00	163,849.47	Oct-01-03	8.900%	CA - 70.21%	Paid Off - 360
687590 2			71,250.00	69,443.45	Oct-01-03	10.990%	TX - 75.00%	Paid Off - 180
688197 2			393,750.00	390,433.18	Oct-01-03	7.500%	NJ - 75.00%	Paid Off - 360
688799 2			64,500.00	64,081.23	Oct-01-03	9.250%	TX - 72.47%	Paid Off - 360
689034 2			36,000.00	35,003.72	Oct-01-03	10.000%	TX - 80.00%	Paid Off - 180
691273 2			330,000.00	326,906.82	Oct-01-03	7.500%	CA - 70.21%	Paid Off - 360
691803 2			440,000.00	436,689.17	Oct-01-03	8.400%	CA - 80.00%	Paid Off - 360
691872 2			303,920.00	301,821.36	Oct-01-03	8.500%	CA - 80.00%	Paid Off - 360
694928 2			342,100.00	339,480.65	Oct-01-03	7.990%	CA - 79.56%	Paid Off - 360
695524 2			144,000.00	139,262.79	Oct-01-03	7.990%	TX - 76.60%	Paid Off - 180
695555 2			157,410.00	156,320.82	Oct-01-03	8.490%	CA - 90.00%	Paid Off - 360
695784 2			55,250.00	53,691.37	Oct-01-03	12.400%	OR - 65.00%	Paid Off - 360
696760 2			313,500.00	310,985.86	Oct-01-03	7.750%	IL - 95.00%	Paid Off - 360
698186 2			391,000.00	387,583.99	Oct-01-03	8.000%	CA - 89.89%	Paid Off - 360
698986 2			66,300.00	65,768.55	Oct-01-03	8.500%	MO - 85.00%	Paid Off - 360
699113 2			51,000.00	50,740.31	Oct-01-03	9.990%	NY - 85.00%	Paid Off - 360
699568 2			235,800.00	234,144.97	Oct-01-03	8.500%	CA - 90.00%	Paid Off - 360
700600 2			122,500.00	121,773.85	Oct-01-03	9.250%	AL - 68.06%	Paid Off - 360
700974 2			382,500.00	380,228.05	Oct-01-03	9.240%	IL - 85.00%	Paid Off - 360
701906 2			149,600.00	148,958.43	Oct-01-03	12.830%	NJ - 80.00%	Paid Off - 360
702021 2			85,000.00	84,413.05	Oct-01-03	8.500%	FL - 65.38%	Paid Off - 360
702274 2			369,000.00	366,127.30	Oct-01-03	7.900%	MA - 90.00%	Paid Off - 360
703120 2			228,000.00	226,301.21	Oct-01-03	8.150%	MA - 79.44%	Paid Off - 360
					Page 23 of 29				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. 2003-NC1
	Mortgage Pass-Through Certificates
	Prepayment Detail Report for October 27, 2003 Distribution
	Prepayment Detail Report - Loans Prepaid in Full During Current Distribution
Loan Number			Original			Current	State &
&		Loan	Principal	Prepayment	Prepayment	Note	LTV at	Original	Origination
Loan Group		Status	Balance	Amount	Date	Rate	Origination	Term	Date
703850 2			445,000.00	434,806.57	Oct-01-03	7.250%	MI - 70.63%	Paid Off - 360
704019 2			304,500.00	301,533.55	Oct-01-03	6.750%	NJ - 69.20%	Paid Off - 360
704513 2			261,000.00	259,200.68	Oct-01-03	8.500%	CA - 90.00%	Paid Off - 360
706433 2			60,775.00	60,443.90	Oct-01-03	9.750%	NC - 65.00%	Paid Off - 360
707148 2			75,000.00	74,531.09	Oct-01-03	8.990%	NJ - 65.22%	Paid Off - 360
707700 2			79,000.00	78,505.05	Oct-01-03	8.990%	FL - 84.95%	Paid Off - 360
708477 2			492,000.00	492,000.00	Oct-01-03	5.820%	NV - 84.97%	Paid Off - 300
708723 2			146,000.00	142,755.29	Oct-01-03	7.990%	CA - 64.89%	Paid Off - 240
711581 2			165,750.00	164,862.02	Oct-01-03	9.750%	NV - 85.00%	Paid Off - 360
					Page 24 of 29				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. 2003-NC1
	Mortgage Pass-Through Certificates
	Realized Loss Report for October 27, 2003 Distribution
	Realized Loss Report - Collateral
COLLATERAL REALIZED LOSSES						GROUP 2	GROUP 1	TOTAL
	Current
	Number of Loans Liquidated					-	-	-
	Collateral Realized Loss/(Gain) Amount					-	-	-
	Net Liquidation Proceeds					-	-	-
	Cumulative
	Number of Loans Liquidated					-	7	7
	Collateral Realized Loss/(Gain) Amount					-	72,097.10	72,097.10
	Net Liquidation Proceeds					-	631,221.94	631,221.94
	Note: Collateral Realized Loss Amount may include adjustments to loans liquidated in prior periods.
	Cumulative Loss Percentage							0.01%
	Group 1						3 Months Moving Average
	Group 2
Collateral Loss Severity Approximation by Groups					Collateral Loss Severity Approximation
				Page 25 of 29				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. 2003-NC1
	Mortgage Pass-Through Certificates
	Realized Loss Report for October 27, 2003 Distribution
	Realized Loss Report - Collateral
DEFAULT SPEEDS						GROUP 2	GROUP 1	TOTAL
	MDR					0.00%	0.00%	0.00%
	3 Months Avg MDR					0.00%	0.03%	0.02%
	12 Months Avg MDR
	Avg MDR Since Cut-off					0.00%	0.01%	0.01%
	CDR					0.00%	0.00%	0.00%
	3 Months Avg CDR					0.00%	0.40%	0.28%
	12 Months Avg CDR
	Avg CDR Since Cut-off					0.00%	0.15%	0.11%
	SDA					0.00%	0.00%	0.00%
	3 Months Avg SDA Approximation					0.00%	1.81%	1.24%
	12 Months Avg SDA Approximation
	Avg SDA Since Cut-off Approximation					0.00%	0.95%	0.65%
	Loss Severity Approximation for Current Period
	3 Months Avg Loss Severity Approximation
	12 Months Avg Loss Severity Approximation
	Avg Loss Severity Approximation Since Cut-off
	Group 1
	Group 2
CDR by Groups					Total CDR
SDA by Groups					Total SDA
				Page 26 of 29				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. 2003-NC1
	Mortgage Pass-Through Certificates
	Realized Loss Report for October 27, 2003 Distribution
	Realized Loss Report - Collateral
	Group 1
	Group 2
CDR Avg since Cut-Off by Groups					Total CDR Avg since Cut-Off
SDA Avg since Cut-Off by Groups					Total SDA Avg since Cut-Off
COLLATERAL REALIZED LOSS CALCULATION METHODOLOGY
Monthly Default Rate (MDR): (Beg Principal Balance of Liquidated Loans)/(Total Beg Principal Balance)
Conditional Default Rate (CDR): 1-((1-MDR)^12)
SDA Standard Default Assumption: CDR/IF(WAS<61,MIN(30,WAS)*0.02,MAX(0.03,MIN(30,WAS)*0.02-0.0095*(WAS-60)))
Average MDR over period between nth month and mth month (AvgMDRn,m): [(1-MDRn) * (1-MDRn+1) *.......*(1-MDRm)]^(1/months in period n,m)
Average CDR over period between the nth month and mth month (AvgCDRn,m): 1-((1-AvgMDRn,m)^12)
Average SDA Approximation over period between the nth month and mth month:
AvgCDRn,m/IF(Avg WASn,m<61,MIN(30,Avg WASn,m)*0.02,MAX(0.03,MIN(30,Avg WASn,m)*0.02-0.0095*(Avg WASn,m-60)))
Average WASn,m: (WASn + WASn+1 +.......+ WASm )/(number of months in the period n,m)
Loss Severity Approximation for current period: sum(Realized Loss Amount)/sum(Beg Principal Balance of Liquidated Loans)
Average Loss Severity Approximation over period between nth month and mth month: Avg(Loss Severityn,m)
Note: Default rates are calculated since deal issue date and include realized gains and additional realized losses and gains from prior periods.
Dates correspond to distribution dates.
				Page 27 of 29				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. 2003-NC1
	Mortgage Pass-Through Certificates
	Realized Loss Detail Report for October 27, 2003 Distribution
	Realized Loss Detail Report - Loans Liquidated During Current Distribution
SUMMARY						LOAN GROUP
Total Loan Count = 0						Loan Group 1 = Group 1 Group
Total Original Principal Balance = 0.00						Loan Group 2 = Group 2 Group
Total Prior Principal Balance = 0.00
Total Realized Loss Amount = 0.00
Total Net Liquidation Proceeds = 0.00
Note: Total Realized Loss Amount may include adjustments to loans liquidated in prior periods.
Loan Number			Original	Prior		Current	State &
&		Loan	Principal	Principal	Realized	Note	LTV at	Original	Origination
Loan Group		Status	Balance	Balance	Loss/(Gain)	Rate	Origination	Term	Date
SPACE INTENTIONALLY LEFT BLANK
					Page 28 of 29				© COPYRIGHT 2003 Deutsche Bank
	Morgan Stanley Dean Witter Capital I Inc. 2003-NC1
	Mortgage Pass-Through Certificates
	Triggers, Adj. Rate Cert. and Miscellaneous Report for October 27, 2003 Distribution
	Triggers, Adj. Rate Cert. and Miscellaneous Report
TRIGGER EVENTS						GROUP 2	GROUP 1	TOTAL
	Has a Stepdown Date occurred?							No
	Does Trigger Event exist?							No
	1. Does (A) equal or exceed (B)?							No
	(A) 60+ Day Delinq % (quotient of (x) over (y))							4.69%
	(x) Rolling 3-month avg. of 60+ Day Delinq. Loans							37,194,516.35
	(y) Stated Principal Balance							792,226,937.82
	(B) 40% of Sr. Enhancement Percentage							9.01%
	2. Does (A) exceed (B)?							No
	(A) Realized Loss % (quotient of (x) over (y))							0.01%
	(x) Agg. Realized Losses to date							72,097.10
	(y) Cut-off Date Pool Principal Balance							983,630,496.59
	(B) Applicable Percentage							100.00%
	Senior Enhancement Percentage (Prior)							22.54%
ADJUSTABLE RATE CERTIFICATE INFORMATION						GROUP 2	GROUP 1	TOTAL
SPACE INTENTIONALLY LEFT BLANK
ADDITIONAL INFORMATION						GROUP 2	GROUP 1	TOTAL
	Basis Risk Carry Forward Amount							0.00
	Class A-2 Certificate Deficiency Amount							0.00
	Preference Amount							0.00
	Reimbursement Amount							0.00
				Page 29 of 29				© COPYRIGHT 2003 Deutsche Bank