Item 1. Business.
Not applicable
Item 2.
Item 2. Properties.
Not applicable
Item 3.
Item 3. Legal Proceedings.
The registrant knows of no material pending legal proceedings involving the trust created under the Pooling and
Servicing Agreement (the Trust), the Trustee, the Master Servicer or the registrant with respect to the Trust other than
routine litigation incidental to the duties of the respective parties.
Item 4.
Item 4. Submission of Matters to a Vote of Security Holders.
None.
PART II
Item 5.
Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity
Securities.
Currently, there is no established trading market for the Certificates known to the Registrant.
There was an aggregate of 17 holders of record for the registered certificates (Classes A-1, A-2, A-IO, B-1, B-2, M-1,
M-2, M-3, R-1, R-2, and R-3) of Bear Stearns Asset Backed Securities Trust, Asset-Backed Certificates, Series 2004-1.
Holders of record by class were 2 holders for Class A-1; 3 holder for Class A-2; 3 holder for Class A-IO; 1 holder for
Class B-1; 1 holder for Class B-2; 2 holders for Class M-1; 1 holder for the Class M-2; 1 holder for the Class M-3: 1
holder for the Class R-1; 1 holder for the Class R-2 and 1 holder for Class R-3. The Calculation of holders of record
was based upon the number of individual participants in the security position listing provided by DTC as of December
31, 2004.
Item 6.
Item 6. Selected Financial Data.
Not applicable.
Item 7.
Item 7. Management's Discussion and Analysis of Financial Condition and
Results of Operation.
Not applicable.
Item 7A.
Item 7A. Quantitative and Qualitative Disclosures About Market Risk.
Not applicable.
Item 8.
Item 8. Financial Statements and Supplementary Data.
Not applicable.
Item 9.
Item 9. Changes in and Disagreements With Accountants on Accounting and
Financial Disclosure.
None.
Item 9A.
Item 9A. Controls and Procedures.
Not applicable.
Item 9B.
Item 9B. Other Information.
None.
PART III
Item 10.
Item 10. Directors and Executive Officers of the Registrant.
Not applicable.
Item 11.
Item 11. Executive Compensation.
Not applicable.
Item 12.
Item 12. Security Ownership of Certain Beneficial Owners and Management.
The number of holders of record for each registered class holding 5% or more of the outstanding balance of such class
of certificates as of the end of the reporting period is reflected in Exhibit 99.5.
Item 13.
Item 13. Certain Relationships and Related Transactions.
Not applicable.
Item 14.
Item 14. Principal Accounting Fees and Services.
Not applicable.
PART IV
Item 15.
Item 15. Exhibits, Financial Statement Schedules.
(A) Exhibits
(31) Sarbanes Oxley Certification
(99.1) Annual Independent Accountants' Servicing Report.
(99.2) Report of Management as to compliance with minimum servicing standards.
(99.3) Annual Statement of Compliance.
(99.4) Aggregate Statement of Principal and Interest Distributions to Certificateholders as of December 31, 2004.
(99.5) Report of holders of record holding 5% or more of the outstanding balance of each registered class as of the end
of the reporting period for 2004.
(B) Reports on Form 8-K were filed during the last quarter of 2004 in order to provide statements for the monthly
distributions to investors on October 28, 2004, December 1, 2004 and December 29, 2004.
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.
Bear Stearns Asset Backed Securities Inc.
(Registrant)
Signed: EMC Mortgage Corporation, as Master Servicer
By: /s/ Ralene Ruyle
Ralene Ruyle, Chief Executive Officer and President
Date: March 24, 2005