STRUCTURED ASSET SEC CORP MORT PAS THR CERT SER 1999-BC1
8-K, 1999-06-07
ASSET-BACKED SECURITIES
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				  UNITED STATES
		       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):  May 25, 1999

		     STRUCTURED ASSET SECURITIES CORPORATION
	    Mortgage Pass-Through Certificates, Series 1999-BC1 Trust


New York (governing law of          333-68513-01   52-2151536
Pooling and Servicing Agreement)    (Commission    52-2151538
(State or other                     File Number)   52-2151540
jurisdiction                                       52-2151543
						   52-2151544
						   52-2151546
	c/o Norwest Bank Minnesota, N.A.           IRS EIN
	11000 Broken Land Parkway                            21044
	Columbia, MD                                        (Zip Code)
	(Address of principal executive offices)


       Registrant's telephone number, including area code:  (410) 884-2000



	 (Former name or former address, if changed since last report)


ITEM 5.  Other Events

On May 25, 1999 a distribution was made to holders of STRUCTURED ASSET
SECURITIES CORPORATION, Mortgage Pass-Through Certificates, Series 1999-BC1
Trust.



  ITEM 7.  Financial Statements and Exhibits

	(c)  Exhibits furnished in accordance with Item 601(a) of
  Regulation S-K

	     Exhibit Number                      Description
				 Monthly report distributed to holders of
	     EX-99.1             Mortgage Pass-Through Certificates, Series
				 1999-BC1 Trust, relating to the May 25,
				 1999 distribution.






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.



		      STRUCTURED ASSET SECURITIES CORPORATION
	     Mortgage Pass-Through Certificates, Series 1999-BC1 Trust

	      By:   The First National Bank of Chicago, as Trustee
	      By:   /s/ Barbara Grosse, Vice President
	      By:   Barbara Grosse, Vice President
	      Date: 6/2/99


				INDEX TO EXHIBITS

Exhibit Number                   Description

EX-99.1        Monthly report distributed to holders of Mortgage Pass-Through
	       Certificates, Series 1999-BC1 Trust, relating to the May 25,
	       1999 distribution.






<TABLE>
<CAPTION>
Structured Asset Securities Corporation
Mortgage Pass-Through Certificates
Record Date:            4/30/99
Distribution Date:      5/25/99

SASC  Series: 1999-BC1

Contact: Customer Service - Columbia,  MD
	 Norwest Bank Minnesota, N.A.
	 Securities Administration Services
	 11000 Broken Land Parkway
	 Columbia, MD 21044
	 Telephone: (301) 815-6600
	 Fax:       (410) 884-2369


					     Certificateholder Distribution Summary

		       Certificate      Certificate        Beginning
			  Class        Pass-Through      Certificate       Interest      Principal
Class          CUSIP   Description             Rate          Balance   Distribution   Distribution
<S>          <C>        <C>            <C>            <C>               <C>             <C>
     A1        863572YJ6         SEQ          5.39250%    228,109,430.40      990,897.86    9,683,368.06
     A2        863572YK3         SEQ          5.34250%  1,137,685,254.04    4,896,233.91   36,124,133.66
    AIO        863572YP2         IO           4.00000%              0.00    1,638,006.70            0.00
     M1        863572YL1         SEQ          5.71250%    142,808,000.00      657,164.73            0.00
     M2        863572YM9         SEQ          6.21250%     79,825,000.00      399,485.32            0.00
     B         863572YN7         SEQ          7.66250%     74,035,000.00      456,986.18            0.00
     X1        SAC9901X1         IO           0.00000%              0.00            0.00            0.00
     X2        SAC9901X2         IO           0.00000%              0.00            0.00            0.00
     P         SAC99001P         IO           0.00000%              0.00      562,152.60            0.00
     OC        SAC9901OC         OC           0.00000%     12,478,783.87            0.00            0.00
     R1        SAC9901R1         RES          0.00000%              0.00            0.00            0.00
     R2        SAC9901R2         RES          0.00000%              0.00            0.00            0.00
     R3        SAC9901R3         RES          0.00000%              0.00            0.00            0.00
     R4        SAC9901R4         RES          0.00000%              0.00            0.00            0.00
     R5        SAC9901R5         RES          0.00000%              0.00            0.00            0.00
Totals                                                  1,674,941,468.31    9,600,927.30   45,807,501.72
</TABLE>
<TABLE>
<CAPTION>

				       Certificateholder Distribution Summary (continued)

			  Current                Ending                                       Cumulative
			 Realized           Certificate                   Total                 Realized
Class                        Loss               Balance            Distribution                   Losses
<S>           <C>                  <C>                     <C>                      <C>
A1                             0.00         218,426,062.34            10,674,265.92                 0.00
A2                             0.00       1,101,561,120.38            41,020,367.57                 0.00
AIO                            0.00                   0.00             1,638,006.70                 0.00
M1                             0.00         142,808,000.00               657,164.73                 0.00
M2                             0.00          79,825,000.00               399,485.32                 0.00
B                              0.00          74,035,000.00               456,986.18                 0.00
X1                             0.00                   0.00                     0.00                 0.00
X2                             0.00                   0.00                     0.00                 0.00
P                              0.00                   0.00               562,152.60                 0.00
OC                             0.00          16,604,785.83                     0.00                 0.00
R1                             0.00                   0.00                     0.00                 0.00
R2                             0.00                   0.00                     0.00                 0.00
R3                             0.00                   0.00                     0.00                 0.00
R4                             0.00                   0.00                     0.00                 0.00
R5                             0.00                   0.00                     0.00                 0.00
Totals                         0.00       1,633,259,968.55            55,408,429.02                 0.00
<FN>
All distributions required by the Pooling and Servicing Agreement have been calculated by the
Certificate Administrator on behalf of the Trustee.
Edward M. Frere, Jr.
Vice President, Norwest Bank Minnesota, N.A.
</FN>
</TABLE>
<TABLE>
<CAPTION>

						Principal Distribution Statement

			Original         Beginning        Scheduled     Unscheduled
			    Face       Certificate        Principal       Principal                     Realized
Class                     Amount           Balance     Distribution    Distribution     Accretion       Loss (1)
<S>             <C>               <C>                 <C>               <C>             <C>             <C>
A1                  251,958,000.00     228,109,430.40        162,280.50     9,521,087.56           0.00            0.00
A2                1,220,747,000.00   1,137,685,254.04        817,956.42    35,306,177.24           0.00            0.00
AIO                           0.00               0.00              0.00             0.00           0.00            0.00
M1                  142,808,000.00     142,808,000.00              0.00             0.00           0.00            0.00
M2                   79,825,000.00      79,825,000.00              0.00             0.00           0.00            0.00
B                    74,035,000.00      74,035,000.00              0.00             0.00           0.00            0.00
X1                            0.00               0.00              0.00             0.00           0.00            0.00
X2                            0.00               0.00              0.00             0.00           0.00            0.00
P                             0.00               0.00              0.00             0.00           0.00            0.00
OC                          732.39      12,478,783.87              0.00             0.00           0.00            0.00
R1                            0.00               0.00              0.00             0.00           0.00            0.00
R2                            0.00               0.00              0.00             0.00           0.00            0.00
R3                            0.00               0.00              0.00             0.00           0.00            0.00
R4                            0.00               0.00              0.00             0.00           0.00            0.00
R5                            0.00               0.00              0.00             0.00           0.00            0.00
Totals            1,769,373,732.39   1,674,941,468.31        980,236.92    44,827,264.80           0.00            0.00
<FN>
(1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed.
    Please Refer to the Prospectus Supplement for a Full Description.
</FN>
</TABLE>
<TABLE>
<CAPTION>

					  Principal Distribution Statement (continued)

				   Total               Ending              Ending            Total
			       Principal          Certificate         Certificate        Principal
Class                          Reduction              Balance          Percentage     Distribution
<S>               <C>                     <C>                    <C>                 <C>
A1                            9,683,368.06        218,426,062.34           0.86691457      9,683,368.06
A2                           36,124,133.66      1,101,561,120.38           0.90236644     36,124,133.66
AIO                                   0.00                  0.00           0.00000000              0.00
M1                                    0.00        142,808,000.00           1.00000000              0.00
M2                                    0.00         79,825,000.00           1.00000000              0.00
B                                     0.00         74,035,000.00           1.00000000              0.00
X1                                    0.00                  0.00           0.00000000              0.00
X2                                    0.00                  0.00           0.00000000              0.00
P                                     0.00                  0.00           0.00000000              0.00
OC                                    0.00         16,604,785.83      22,672.05427436              0.00
R1                                    0.00                  0.00           0.00000000              0.00
R2                                    0.00                  0.00           0.00000000              0.00
R3                                    0.00                  0.00           0.00000000              0.00
R4                                    0.00                  0.00           0.00000000              0.00
R5                                    0.00                  0.00           0.00000000              0.00
Totals                       45,807,501.72      1,633,259,968.55           0.92307235     45,807,501.72
</TABLE>
<TABLE>
<CAPTION>

					      Principal Distribution Factors Statement

			  Original          Beginning         Scheduled        Unscheduled
			      Face        Certificate         Principal          Principal
Class (2)                   Amount            Balance      Distribution       Distribution        Accretion
<S>          <C>                    <C>                 <C>                 <C>                <C>
A1                    251,958,000.00        905.34704355         0.64407758         37.78839156        0.00000000
A2                  1,220,747,000.00        931.95826329         0.67004582         28.92178088        0.00000000
AIO                             0.00          0.00000000         0.00000000          0.00000000        0.00000000
M1                    142,808,000.00       1000.00000000         0.00000000          0.00000000        0.00000000
M2                     79,825,000.00       1000.00000000         0.00000000          0.00000000        0.00000000
B                      74,035,000.00       1000.00000000         0.00000000          0.00000000        0.00000000
X1                              0.00          0.00000000         0.00000000          0.00000000        0.00000000
X2                              0.00          0.00000000         0.00000000          0.00000000        0.00000000
P                               0.00          0.00000000         0.00000000          0.00000000        0.00000000
OC                            732.39    17038441.0901295         0.00000000          0.00000000        0.00000000
R1                              0.00          0.00000000         0.00000000          0.00000000        0.00000000
R2                              0.00          0.00000000         0.00000000          0.00000000        0.00000000
R3                              0.00          0.00000000         0.00000000          0.00000000        0.00000000
R4                              0.00          0.00000000         0.00000000          0.00000000        0.00000000
R5                              0.00          0.00000000         0.00000000          0.00000000        0.00000000
<FN>

</FN>
</TABLE>
<TABLE>
<CAPTION>

				      Principal Distribution Factors Statement (continued)
					      Total                Ending              Ending             Total
			Realized          Principal           Certificate         Certificate         Principal
Class                   Loss (3)          Reduction               Balance          Percentage      Distribution

<S>            <C>                 <C>                 <C>                    <C>                 <C>
A1                      0.00000000         38.43246914            866.91457441          0.86691457        38.43246914
A2                      0.00000000         29.59182669            902.36643660          0.90236644        29.59182669
AIO                     0.00000000          0.00000000              0.00000000          0.00000000         0.00000000
M1                      0.00000000          0.00000000          1,000.00000000          1.00000000         0.00000000
M2                      0.00000000          0.00000000          1,000.00000000          1.00000000         0.00000000
B                       0.00000000          0.00000000          1,000.00000000          1.00000000         0.00000000
X1                      0.00000000          0.00000000              0.00000000          0.00000000         0.00000000
X2                      0.00000000          0.00000000              0.00000000          0.00000000         0.00000000
P                       0.00000000          0.00000000              0.00000000          0.00000000         0.00000000
OC                      0.00000000          0.00000000       22,672,054.274362      22672.05427436         0.00000000
R1                      0.00000000          0.00000000              0.00000000          0.00000000         0.00000000
R2                      0.00000000          0.00000000              0.00000000          0.00000000         0.00000000
R3                      0.00000000          0.00000000              0.00000000          0.00000000         0.00000000
R4                      0.00000000          0.00000000              0.00000000          0.00000000         0.00000000
R5                      0.00000000          0.00000000              0.00000000          0.00000000         0.00000000
<FN>
(3) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses
    Unless Otherwise Disclosed.
    Please Refer to the Prospectus Supplement for a Full Description.
</FN>
</TABLE>
<TABLE>
<CAPTION>

						 Interest Distribution Statement

						      Beginning                           Payment of
		      Original        Current      Certificate/            Current           Unpaid         Current
			  Face    Certificate          Notional            Accrued         Interest         Interest
Class                   Amount           Rate           Balance           Interest         Shortfall       Shortfall
<S>           <C>               <C>             <C>                 <C>                <C>             <C>
A1                251,958,000.00        5.39250%     228,109,430.40          990,897.86           0.00             0.00
A2              1,220,747,000.00        5.34250%   1,137,685,254.04        4,896,233.91           0.00             0.00
AIO                         0.00        4.00000%     491,402,008.60        1,638,006.70           0.00             0.00
M1                142,808,000.00        5.71250%     142,808,000.00          657,164.73           0.00             0.00
M2                 79,825,000.00        6.21250%      79,825,000.00          399,485.32           0.00             0.00
B                  74,035,000.00        7.66250%      74,035,000.00          456,986.18           0.00             0.00
X1                          0.00        0.00000%               0.00                0.00           0.00             0.00
X2                          0.00        0.00000%               0.00                0.00           0.00             0.00
P                           0.00        0.00000%               0.00                0.00           0.00             0.00
OC                        732.39        0.00000%      12,478,783.87                0.00           0.00             0.00
R1                          0.00        0.00000%               0.00                0.00           0.00             0.00
R2                          0.00        0.00000%               0.00                0.00           0.00             0.00
R3                          0.00        0.00000%               0.00                0.00           0.00             0.00
R4                          0.00        0.00000%               0.00                0.00           0.00             0.00
R5                          0.00        0.00000%               0.00                0.00           0.00             0.00
Totals          1,769,373,732.39                                           9,038,774.70           0.00             0.00
</TABLE>
 <TABLE>
 <CAPTION>

					    Interest Distribution Statement (continued)

										   Remaining            Ending
		     Non-Supported                                  Total             Unpaid      Certificate/
			  Interest            Realized           Interest          Interest           Notional
 Class                   Shortfall          Losses (4)       Distribution          Shortfall           Balance
 <S>            <C>                  <C>                 <C>                 <C>                 <C>
 A1                             0.00                0.00           990,897.86                0.00     218,426,062.34
 A2                             0.00                0.00         4,896,233.91                0.00   1,101,561,120.38
 AIO                            0.00                0.00         1,638,006.70                0.00     491,402,008.60
 M1                             0.00                0.00           657,164.73                0.00     142,808,000.00
 M2                             0.00                0.00           399,485.32                0.00      79,825,000.00
 B                              0.00                0.00           456,986.18                0.00      74,035,000.00
 X1                             0.00                0.00                 0.00                0.00               0.00
 X2                             0.00                0.00                 0.00                0.00               0.00
 P                              0.00                0.00           562,152.60                0.00               0.00
 OC                             0.00                0.00                 0.00                0.00      16,604,785.83
 R1                             0.00                0.00                 0.00                0.00               0.00
 R2                             0.00                0.00                 0.00                0.00               0.00
 R3                             0.00                0.00                 0.00                0.00               0.00
 R4                             0.00                0.00                 0.00                0.00               0.00
 R5                             0.00                0.00                 0.00                0.00               0.00
 Totals                         0.00                0.00         9,600,927.30                0.00
 <FN>
 (4) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses Unless Otherwise Disclosed.
     Please Refer to the Prospectus Supplement for a Full Description.
 </FN>
 </TABLE>
<TABLE>
<CAPTION>

					    Interest Distribution Factors Statement

							  Beginning                        Payment of
			Original        Current        Certificate/          Current           Unpaid          Current
			    Face    Certificate            Notional          Accrued        Interest          Interest
Class (5)                 Amount           Rate             Balance         Interest        Shortfall        Shortfall
<S>           <C>                 <C>             <C>                  <C>               <C>               <C>
A1                  251,958,000.00        5.39250%         905.34704355        3.93278983        0.00000000        0.00000000
A2                1,220,747,000.00        5.34250%         931.95826329        4.01085066        0.00000000        0.00000000
AIO                           0.00        4.00000%         999.99999998        3.33333334        0.00000000        0.00000000
M1                  142,808,000.00        5.71250%        1000.00000000        4.60173611        0.00000000        0.00000000
M2                   79,825,000.00        6.21250%        1000.00000000        5.00451387        0.00000000        0.00000000
B                    74,035,000.00        7.66250%        1000.00000000        6.17256946        0.00000000        0.00000000
X1                            0.00        0.00000%           0.00000000        0.00000000        0.00000000        0.00000000
X2                            0.00        0.00000%           0.00000000        0.00000000        0.00000000        0.00000000
P                             0.00        0.00000%           0.00000000        0.00000000        0.00000000        0.00000000
OC                          732.39        0.00000%    17038441.09012958        0.00000000        0.00000000        0.00000000
R1                            0.00        0.00000%           0.00000000        0.00000000        0.00000000        0.00000000
R2                            0.00        0.00000%           0.00000000        0.00000000        0.00000000        0.00000000
R3                            0.00        0.00000%           0.00000000        0.00000000        0.00000000        0.00000000
R4                            0.00        0.00000%           0.00000000        0.00000000        0.00000000        0.00000000
R5                            0.00        0.00000%           0.00000000        0.00000000        0.00000000        0.00000000
<FN>
(5)  Per $1 denomination.

</FN>
</TABLE>
<TABLE>
<CAPTION>
				       Interest Distribution Factors Statement (continued)

									    Remaining              Ending
		  Non-Supported                               Total            Unpaid        Certificate/
		       Interest         Realized           Interest          Interest            Notional
Class                 Shortfall       Losses (6)       Distribution         Shortfall             Balance
<S>           <C>               <C>               <C>                 <C>                 <C>
A1                    0.00000000        0.00000000         3.93278983          0.00000000          866.91457441
A2                    0.00000000        0.00000000         4.01085066          0.00000000          902.36643660
AIO                   0.00000000        0.00000000         3.33333334          0.00000000          999.99999998
M1                    0.00000000        0.00000000         4.60173611          0.00000000         1000.00000000
M2                    0.00000000        0.00000000         5.00451387          0.00000000         1000.00000000
B                     0.00000000        0.00000000         6.17256946          0.00000000         1000.00000000
X1                    0.00000000        0.00000000         0.00000000          0.00000000            0.00000000
X2                    0.00000000        0.00000000         0.00000000          0.00000000            0.00000000
P                     0.00000000        0.00000000   140538150000.000          0.00000000            0.00000000
OC                    0.00000000        0.00000000         0.00000000          0.00000000     22672054.27436202
R1                    0.00000000        0.00000000         0.00000000          0.00000000            0.00000000
R2                    0.00000000        0.00000000         0.00000000          0.00000000            0.00000000
R3                    0.00000000        0.00000000         0.00000000          0.00000000            0.00000000
R4                    0.00000000        0.00000000         0.00000000          0.00000000            0.00000000
R5                    0.00000000        0.00000000         0.00000000          0.00000000            0.00000000
<FN>
(6) Amount Does Not Include Excess Special Hazard, Bankrupcy,or Fraud Losses Unless
    Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
</FN>
</TABLE>
<TABLE>
<CAPTION>

					     Certificateholder Component Statement
		      Component       Beginning            Ending       Beginning            Ending          Ending
		  Pass-Through        Notional          Notional       Component         Component       Component
			  Rate         Balance           Balance         Balance           Balance      Percentage
Class
<S>             <C>             <C>               <C>               <C>               <C>               <C>
      MBIA          1,200.00000%        37,919.00          36,715.00             0.00               0.00     90.23766805%
</TABLE>
<TABLE>
<CAPTION>

						      CERTIFICATE ACCOUNT

<S>                                                                                   <C>
Beginning Balance                                                                                        0.00
Deposits
    Payments of Interest and Principal                                                          54,846,359.84
    Liquidations, Insurance Proceeds, Reserve Funds                                                      0.00
    Proceeds from Repurchased Loans                                                                      0.00
    Other Amounts (Servicer Advances)                                                            1,312,171.59
    Realized Losses                                                                                      0.00
Total Deposits                                                                                  56,158,531.43

Withdrawals
    Reimbursement for Servicer Advances                                                                  0.00
    Payment of Service Fee                                                                         750,102.41
    Payment of Interest and Principal                                                           55,408,429.02
Total Withdrawals (Pool Distribution Amount)                                                    56,158,531.43

Ending Balance                                                                                           0.00

</TABLE>
<TABLE>
<CAPTION>

					    PREPAYMENT/CURTAILMENT INTEREST SHORTFALL

<S>                                                                                   <C>

Total Prepayment/Curtailment Interest Shortfall                                                          0.00
Servicing Fee Support                                                                                    0.00
Non-Supported Prepayment/Curtailment Interest Shortfall                                                  0.00
</TABLE>
<TABLE>
<CAPTION>

							 SERVICING FEES

<S>                                                                                   <C>
Gross Servicing Fee                                                                                697,892.25
Trustee Fee                                                                                            333.33
MBIA Premium                                                                                        37,919.00
Master Servicing Fee                                                                                13,957.83
Supported Prepayment/Curtailment Interest Shortfall                                                      0.00
Net Servicing Fee                                                                                  750,102.41

</TABLE>
<TABLE>
<CAPTION>
							 OTHER ACCOUNTS

					       Beginning          Current          Current          Ending
Account Type                                     Balance      Withdrawals         Deposits         Balance
<S>                                    <C>                 <C>               <C>              <C>
Reserve Fund                                      1,000.03              0.00              0.00         1,000.03
Reserve Fund                                      1,000.03              0.00              0.00         1,000.03

</TABLE>
<TABLE>
<CAPTION>
						       DELINQUENCY STATUS

									    Percentage Delinquent
										  Based On
				   Current           Unpaid
				    Number        Principal                 Number            Unpaid
				  Of Loans          Balance               Of Loans           Balance
<S>                        <C>                 <C>                   <C>                <C>
30 Days                                 817     76,487,723.81               4.873539%          4.683132%
60 Days                                 290     27,887,742.72               1.729897%          1.707490%
90+ Days                                451     42,243,931.70               2.690289%          2.586479%
Foreclosure                               0              0.00               0.000000%          0.000000%
REO                                       0              0.00               0.000000%          0.000000%
Totals                                1,558     146,619,398.2               9.293725%          8.977101%
</TABLE>
<TABLE>
<CAPTION>
						       OTHER INFORMATION

<S>                                                                             <C>
Current Period Realized Loss - Includes Interest Shortfall                                           0.00
Cumulative Realized Losses - Includes Interest Shortfall                                             0.00
Principal Balance of Contaminated Properties                                                         0.00
Periodic Advance                                                                             1,312,171.59
</TABLE>






<TABLE>
<CAPTION>
			      COLLATERAL STATEMENT
<S>                                                                       <C>
Collateral Description                               Fixed Mixed & ARM & Balloon

Weighted Average Gross Coupon                                         9.969217%
Weighted Average Net Coupon                                           9.469217%
Weighted Average Pass-Through Rate                                    9.459217%
Weighted Average Maturity(Stepdown Calculation )                            342
Begin Scheduled Collateral Loan Count                                    17,136

Number Of Loans Paid In Full                                                372
End Scheduled Collateral Loan Count                                      16,764
Begining Scheduled Collateral Balance                          1,674,941,468.31
Ending Scheduled Collateral Balance                            1,633,259,968.55
Ending Actual Collateral Balance at 30-Apr-1999                1,634,401,268.28
Monthly P &I Constant                                             15,457,268.63
Ending Scheduled Balance for Premium Loans                     1,633,259,968.55
Scheduled Principal                                                  980,236.92
Unscheduled Principal                                             40,701,262.84
</TABLE>
<TABLE>
<CAPTION>
	   <S>                                        <C>
Current Month Prepayment Penalties                                562,152.60
</TABLE>
 <TABLE>
 <CAPTION>
				      Group Level Collateral Statement
 <S>                                                                <C>
 Group ID                                                                     1                         2
 Collateral Description                                       Fixed 15/30 & ARM         Fixed 15/30 & ARM
 Weighted Average Coupon Rate                                          9.725531                 10.505107
 Weighted Average Net Rate                                             9.215532                  9.995107
 Weighted Average Maturity                                               348.00                    341.00
 Beginning Loan Count                                                       883                    16,253
 Loans Paid In Full                                                          28                       344
 Ending Loan Count                                                          855                    15,909
 Beginning Scheduled Balance                                     286,055,237.78          1,388,886,230.53
 Ending scheduled Balance                                        277,112,151.68          1,356,147,816.87
 Record Date                                                            4/30/99                   4/30/99
 Principal And Interest Constant                                   2,480,646.51             12,976,622.12
 Scheduled Principal                                                 162,280.50                817,956.42
 Unscheduled Principal                                             8,780,805.60             31,920,457.24
 Scheduled Interest                                                2,318,366.01             12,158,665.70


 Servicing Fees                                                      119,189.63                578,702.62
 Master Servicing Fees                                                 2,383.80                 11,574.03
 Trustee Fee                                                               0.00                      0.00
 FRY Amount                                                                0.00                      0.00
 Special Hazard Fee                                                        0.00                      0.00
 Other Fee                                                                 0.00                      0.00
 Pool Insurance Fee                                                        0.00                      0.00
 Spread Fee 1                                                              0.00                      0.00
 Spread Fee 2                                                              0.00                      0.00
 Spread Fee 3                                                              0.00                      0.00
 Net Interest                                                      2,196,792.58             11,568,389.05
 Realized Loss Amount                                                      0.00                      0.00
 Cumulative Realized Loss                                                  0.00                      0.00


 Group ID                                                                     1                         2
 Required Overcollateralization Amount                                     0.00                      0.00
 Overcollateralization Increase Amount                                     0.00                      0.00
 Overcollateralization Reduction Amount                                    0.00                      0.00
 Specified Overcollateralization Amount                            9,382,910.62             35,812,564.30
 Overcollateralization Amount                                      3,008,089.34             13,596,696.49
 Overcollateralization Deficiency Amount                           7,115,103.24             25,601,587.81
 Base Overcollateralization Amount                                         0.00                      0.00
 Extra Principal Distribution Amount                                 740,281.96              3,385,720.00
 Excess Cash Amount                                                  740,281.96              3,385,720.00


 </TABLE>

     <TABLE>
     <CAPTION>                                          Delinquency Status By Groups
       <S>                         <C>               <C>            <C>             <C>           <C>             <C>
 Group
				  30 Days          60 Days       90 + Days      Foreclosure       REO           Bankruptcy
  1  Principal Balance        13,525,172.84     4,204,614.91    6,653,186.93           0.00            0.00           0.00
     Percentage Of Balance           4.881%           1.517%          2.401%         0.000%          0.000%         0.000%
     Loan Count                          41               12              20              0               0              0
     Percentage Of Loans             4.795%           1.404%          2.339%         0.000%          0.000%         0.000%

  2  Principal Balance        62,962,550.97    23,683,127.81   35,590,744.77           0.00            0.00           0.00
     Percentage Of Balance           4.643%           1.746%          2.624%         0.000%          0.000%         0.000%
     Loan Count                         776              278             431              0               0              0
     Percentage Of Loans             4.878%           1.747%          2.709%         0.000%          0.000%         0.000%

 </TABLE>









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