STRUCTURED ASSET SEC CORP MORT PAS THR CERT SER 1999-BC1
8-K, 1999-03-09
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):  February 25, 1999
					
		  STRUCTURED ASSET SECURITIES CORPORATION
	    Mortgage Pass-Through Certificates, Series 1999-BC1 


New York (governing law of          333-68513-01   PENDING
Pooling and Servicing Agreement)    (Commission    IRS EIN 
(State or other                     File Number)
jurisdiction

	
	c/o Norwest Bank Minnesota, N.A.                    
	11000 Broken Land Parkway                            21044
	Columbia, Maryland                                  (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 February 25, 1999 a distribution was made to holders of STRUCTURED ASSET 
SECURITIES CORPORATION, Mortgage Pass-Through Certificates, Series 1999-BC1.


ITEM 7.  Financial Statements and Exhibits
  
      (c)  Exhibits furnished in accordance with Item 601(a) of 
	   Regulation S-K                 
				 
	   Exhibit Number              Description
				 
	   EX-99.1        Monthly report distributed to holders of 
			  Mortgage Pass-Through Certificates, Series 
			  1999-BC1,  relating to the February 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

	      By:   The First National Bank of Chicago, as Trustee
	      By:   /s/ Richard Tarnas, Vice President
	      By:   Richard Tarnas, Vice President
	      Date: 03/04/1999


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



<TABLE>
<CAPTION>
Structured Asset Securities Corporation 
Mortgage Pass-Through Certificates
Record Date:            01/31/1999
Distribution Date:      02/25/1999

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          5.41875%    251,958,000.00    1,061,897.99    4,969,631.06
     A2        863572YK3         SEQ          5.36875%   1,220,747,000.0    5,097,466.47   24,429,041.61
     AIO       863572YP2         IO           4.00000%              0.00    1,638,006.70            0.00
     M1        863572YL1         SEQ          5.73875%    142,808,000.00      637,419.54            0.00
     M2        863572YM9         SEQ          6.23875%     79,825,000.00      387,339.73            0.00
     B         863572YN7         SEQ          7.68875%     74,035,000.00      442,739.58            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      249,659.26            0.00
     OC        SAC9901OC         OC           0.00000%            732.39            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                                                   1,769,373,732.3    9,514,529.27   29,398,672.67
</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         246,988,368.94             6,031,529.05                   0.00
A2                           0.00       1,196,317,958.39            29,526,508.08                   0.00
AIO                          0.00                   0.00             1,638,006.70                   0.00
M1                           0.00         142,808,000.00               637,419.54                   0.00
M2                           0.00          79,825,000.00               387,339.73                   0.00
B                            0.00          74,035,000.00               442,739.58                   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               249,659.26                   0.00
OC                           0.00           4,502,593.78                     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
Total                        0.00       1,744,476,921.11            38,913,201.94                   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     251,958,000.00        207,945.10     4,761,685.96        0.00           0.00
A2               1,220,747,000.0   1,220,747,000.00      1,001,155.05    23,427,886.57        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             732.39              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           1,769,373,732.3   1,769,373,732.39      1,209,100.15    28,189,572.53        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                            4,969,631.06        246,988,368.94           0.98027595      4,969,631.06
A2                           24,429,041.61      1,196,317,958.39           0.97998845     24,429,041.61
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          4,502,593.78       6,147.80892694              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                       29,398,672.67      1,744,476,921.11           0.98592903     29,398,672.67
</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       1000.00000000         0.82531652         18.89872899        0.00000000
A2                  1,220,747,000.00       1000.00000000         0.82011674         19.19143489        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       1000.00000000         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         19.72404552            980.27595448        0.98027595        19.72404552
A2                      0.00000000         20.01155162            979.98844838        0.97998845        20.01155162
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       6,147,808.9269378     6147.80892694         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        5.41875%     251,958,000.00        1,061,897.99         0.00           0.00
A2             1,220,747,000.0        5.36875%   1,220,747,000.00        5,097,466.47         0.00           0.00
AIO                       0.00        4.00000%     491,402,008.61        1,638,006.70         0.00           0.00
M1              142,808,000.00        5.73875%     142,808,000.00          637,419.54         0.00           0.00
M2               79,825,000.00        6.23875%      79,825,000.00          387,339.73         0.00           0.00
B                74,035,000.00        7.68875%      74,035,000.00          442,739.58         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%             732.39                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
Tots           1,769,373,732.3        0.00000%               0.00        9,264,870.01         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         1,061,897.99              0.00     246,988,368.94
 A2                           0.00                0.00         5,097,466.47              0.00   1,196,317,958.39
 AIO                          0.00                0.00         1,638,006.70              0.00     491,402,008.60
 M1                           0.00                0.00           637,419.54              0.00     142,808,000.00
 M2                           0.00                0.00           387,339.73              0.00      79,825,000.00
 B                            0.00                0.00           442,739.58              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           249,659.26              0.00               0.00
 OC                           0.00                0.00                 0.00              0.00       4,502,593.78
 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         9,514,529.27              0.00               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        5.41875%        1000.00000000       4.21458334       0.00000000      0.00000000
A2              1,220,747,000.00        5.36875%        1000.00000000       4.17569445       0.00000000      0.00000000
AIO                         0.00        4.00000%        1000.00000000       3.33333334       0.00000000      0.00000000
M1                142,808,000.00        5.73875%        1000.00000000       4.46347221       0.00000000      0.00000000
M2                 79,825,000.00        6.23875%        1000.00000000       4.85236117       0.00000000      0.00000000
B                  74,035,000.00        7.68875%        1000.00000000       5.98013885       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%        1000.00000000       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         4.21458334          0.00000000          980.27595448
A2                    0.00000000        0.00000000         4.17569445          0.00000000          979.98844838
AIO                   0.00000000        0.00000000         3.33333334          0.00000000          999.99999998
M1                    0.00000000        0.00000000         4.46347221          0.00000000         1000.00000000
M2                    0.00000000        0.00000000         4.85236117          0.00000000         1000.00000000
B                     0.00000000        0.00000000         5.98013885          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     15000.00000000          0.00000000            0.00000000
OC                    0.00000000        0.00000000         0.00000000          0.00000000      6147808.92693783
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%        40,687.00          39,873.00            0.00             0.00     97.99936098%
</TABLE>
<TABLE>
<CAPTION>

						      CERTIFICATE ACCOUNT

<S>                                                                                   <C>
Beginning Balance                                                                                        0.00
Deposits
    Payments of Interest and Principal                                                          38,807,786.20
    Liquidations, Insurance Proceeds, Reserve Funds                                                      0.00
    Proceeds from Repurchased Loans                                                                      0.00
    Other Amounts (Servicer Advances)                                                              898,419.95
    Realized Losses                                                                                      0.00
Total Deposits                                                                                  39,706,206.15

Withdrawals
    Reimbursement for Servicer Advances                                                                  0.00
    Payment of Service Fee                                                                         793,004.21
    Payment of Interest and Principal                                                           38,913,201.94
Total Withdrawals (Pool Distribution Amount)                                                    39,706,206.15

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                                                                                737,239.08
Trustee Fee                                                                                            333.33
MBIA Premium                                                                                        40,687.00
Master Servicing Fee                                                                                14,744.80
Supported Prepayment/Curtailment Interest Shortfall                                                      0.00
Net Servicing Fee                                                                                  793,004.21

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

					       Beginning          Current          Current          Ending
Account Type                                     Balance      Withdrawals         Deposits         Balance
<S>                                    <C>                 <C>               <C>              <C>
Reserve Fund                                      1,000.00              0.00              0.00         1,000.00
Reserve Fund                                      1,000.00              0.00              0.00         1,000.00

</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                                 740     66,051,696.33               4.164556%          3.786332%
60 Days                                 356     32,357,539.00               2.003489%          1.854856%
90+ Days                                 20      1,960,296.44               0.112556%          0.112372%
Foreclosure                               0              0.00               0.000000%          0.000000%
REO                                       0              0.00               0.000000%          0.000000%
Totals                                1,116     100,369,531.7               6.280601%          5.753560%
</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                                                                               898,419.95
</TABLE>






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

Weighted Average Gross Coupon                                        10.043595%
Weighted Average Net Coupon                                           9.543821%
Weighted Average Pass-Through Rate                                    9.533595%
Weighted Average Maturity(Stepdown Calculation )                            345
Begin Scheduled Collateral Loan Count                                    17,995

Number Of Loans Paid In Full                                                226
End Scheduled Collateral Loan Count                                      17,769
Begining Scheduled Collateral Balance                          1,769,373,732.39
Ending Scheduled Collateral Balance                            1,744,476,921.11
Ending Actual Collateral Balance at 31-Jan-1999                1,745,581,084.91
Monthly P &I Constant                                             15,832,965.56
Ending Scheduled Balance for Premium Loans                     1,744,476,921.11
Scheduled Principal                                                1,023,904.08
Unscheduled Principal                                             23,872,907.20
</TABLE>
<TABLE>
<CAPTION>
	   <S>                                        <C>
Current Month Prepayment Penalties                                249,659.26
</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                                          9.511232                 10.155636
 Weighted Average Net Rate                                             9.001232                  9.645636
 Weighted Average Maturity                                               351.00                    344.00
 Beginning Loan Count                                                       950                    17,005
 Loans Paid In Full                                                          12                       214
 Ending Loan Count                                                          938                    16,791
 Beginning Scheduled Balance                                     307,636,413.84          1,461,737,318.55
 Ending scheduled Balance                                        303,479,831.23          1,440,997,089.88
 Record Date                                                         01/31/1999                01/31/1999
 Principal And Interest Constant                                   2,612,258.96             13,220,706.60
 Scheduled Principal                                                 173,924.58                849,979.50
 Unscheduled Principal                                             3,982,658.03             19,890,249.17
 Scheduled Interest                                                2,438,334.38             12,370,727.10
 
 
 Servicing Fees                                                      128,181.84                609,057.24
 Master Servicing Fees                                                 2,563.64                 12,181.16
 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                                                      2,307,588.90             11,749,488.70
 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                                        813,462.29              3,689,131.49
 Overcollateralization Deficiency Amount                           9,382,496.78             35,812,245.75
 Base Overcollateralization Amount                                         0.00                      0.00
 Extra Principal Distribution Amount                                 813,048.45              3,688,812.94
 Excess Cash Amount                                                  813,048.45              3,688,812.94
 
 
 </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         7,430,858.95     6,221,256.49      634,355.45           0.00            0.00           0.00
     Percentage Of Balance           2.449%           2.050%          0.209%         0.000%          0.000%         0.000%
     Loan Count                          22               20               2              0               0              0
     Percentage Of Loans             2.345%           2.132%          0.213%         0.000%          0.000%         0.000%
 
  2  Principal Balance        58,620,837.38    26,136,282.51    1,325,940.99           0.00            0.00           0.00
     Percentage Of Balance           4.068%           1.814%          0.092%         0.000%          0.000%         0.000%
     Loan Count                         718              336              18              0               0              0
     Percentage Of Loans             4.276%           2.001%          0.107%         0.000%          0.000%         0.000%
 
 </TABLE>





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