EXHIBIT 1



                         CONSENT OF INDEPENDENT AUDITORS




We hereby consent to the incorporation by reference in the Prospectus Supplement
of Bear Stearns Asset Backed Securities Trust 2003-HE1, relating to Asset Backed
Certificates, Series 2003-HE1 comprising part of the Registration Statement (No.
333-91334) of Bear Stearns Asset Backed Securities, Inc., of our reports, dated
February 3, 2003, relating to our audits of the consolidated financial
statements of ACE Guaranty Corp. as of December 31, 2002 and 2001, and for each
of the three years in the period ended December 31, 2002. We also consent to the
reference to our firm under the caption "Experts" in the Prospectus Supplement.



/s/ Pricewaterhouse Coopers LLP
- -------------------------------
Pricewaterhouse Coopers LLP
New York, New York
December 26, 2003