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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): August 17, 2000
MORGAN STANLEY ABS CAPITAL I INC.
(Exact name of registrant as specified in its charter)
Delaware 333-64909 13-3939229
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(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification No.)
1585 Broadway, 2nd Floor
New York, New York 10036
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(Address of Principal (Zip Code)
Executive Offices)
Registrant's telephone number, including area code (212) 761-4000
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Item 5. Other Events
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Incorporation of Certain Documents by Reference
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Pursuant to Rule 411 of Regulation C under the Securities Act of 1933
and in reliance on Financial Security Assurance Inc., SEC No-Action Letter,
the Company will incorporate by reference into the Company's registration
statement (File No. 333-64909), the consolidated financial statements of
Financial Security Assurance Inc. and subsidiaries as of December 31, 1999 and
December 31, 1998, and for each of the years in the three year period ended
December 31, 1999, included in the Annual Report on Form 10-K of Financial
Security Assurance Holdings Ltd. and the unaudited consolidated financial
statements of Financial Security Assurance Inc. and subsidiaries as of March
31, 2000, and for the periods ended March 31, 2000 and March 31, 1999,
included in the Quarterly Report on Form 10-Q of Financial Security Assurance
Holdings Ltd. for the period ended March 31, 2000 and the unaudited
consolidated financial statements of Financial Security Assurance Inc. and
subsidiaries as of June 30, 2000, and for the periods ended June 30, 2000 and
June 30, 1999, included in the Quarterly Report on Form 10-Q of Financial
Security Assurance Holdings Ltd. for the period ended June 30, 2000. Such
financial statements will be referred to in the prospectus supplement dated
August 17, 2000 relating to MSDWCC HELOC Trust 2000-1, HELOC Asset-Backed
Notes, Series 2000-1. In connection with the incorporation of such documents
by reference, the Company is hereby filing the consent of
PricewaterhouseCoopers LLP to the use of its name in such prospectus
supplement. The consent of PricewaterhouseCoopers LLP is attached hereto as
Exhibit 23.
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Item 7. Financial Statements, Pro Forma Financial
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Information and Exhibits.
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(a) Not applicable.
(b) Not applicable.
(c) Exhibits:
23. Consent of PricewaterhouseCoopers LLP
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SIGNATURES
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.
MORGAN STANLEY ABS CAPITAL I INC.
By: /s/ James Fadel
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Name: James Fadel
Title: Vice President
Dated: August 21, 2000
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Exhibit Index
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Exhibit Description Page
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23 Consent of PricewaterhouseCoopers LLP
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Exhibit 23
CONSENT OF INDEPENDENT ACCOUNTANTS
We consent to the incorporation by reference in the Prospectus Supplement of
Morgan Stanley ABS Capital I Inc. relating to MSDWCC HELOC Trust 2000-1, of
our report dated January 25, 2000, except for Note 18, as to which the date is
March 14, 2000 on our audits of the consolidated financial statements of
Financial Security Assurance Inc. and Subsidiaries as of December 31, 1999 and
1998, and for each of the three years in the period ended December 31, 1999.
We also consent to the reference to our Firm under the capital "Experts".
/s/PricewaterhouseCoopers LLP
PricewaterhouseCoopers LLP
August 21, 2000
