STRUCTURED ASSET SEC CORP MORT PASS THR CERT SER 1999-C2
8-K, 1999-10-08
ASSET-BACKED SECURITIES
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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)  September 23, 1999


                     Structured Asset Securities Corporation
- --------------------------------------------------------------------------------
             (Exact Name of Registrant as Specified in Its Charter)


         Delaware                   333-49129                   74-2440858
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(State or Other Jurisdiction       (Commission                 (IRS Employer
     of Incorporation)             File Number)              Identification No.)


 200 Vesey Street, New York, New York                              10285
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(Address of Principal Executive Offices)                         (Zip Code)


Registrant's telephone number, including area code  (212) 526-7000



- --------------------------------------------------------------------------------
          (Former Name or Former Address, if Changed Since Last Report)


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ITEM 5.  OTHER EVENTS.

         It is expected that during October 1999, a single series of
certificates, entitled LB Commercial Mortgage Trust 1999-C2, Commercial Mortgage
Pass-Through Certificates, Series 1999-C2 (the "Certificates"), will be issued
pursuant to a pooling and servicing agreement (the "Pooling and Servicing
Agreement"), to be entered into by and among Structured Asset Securities
Corporation (the "Registrant") and a master servicer, a special servicer, a
trustee and a fiscal agent. Certain classes of the Certificates (the
"Underwritten Certificates") will be registered under the Registrant's
registration statement on Form S-3 (no. 333-49129) and sold to Lehman
Brothers Inc. (the "Underwriter") pursuant to an underwriting agreement
between the Registrant and the Underwriter.

         In connection with the expected sale of the Underwritten Certificates,
the Registrant has been advised that prospective investors have been furnished
with certain materials attached hereto as Exhibit 99.1 that constitute
"Computational Materials" (as defined in the no-action letter dated May 20, 1994
issued by the Division of Corporation Finance of the Securities and Exchange
Commission (the "Commission") to Kidder, Peabody Acceptance Corporation I,
Kidder, Peabody & Co. Incorporated, and Kidder Structured Asset Corporation and
the no-action letter dated May 27, 1994 issued by the Division of Corporation
Finance of the Commission to the Public Securities Association) and/or "ABS Term
Sheets" (as defined in the no-action letter dated February 17, 1995 issued by
the Division of Corporation Finance of the Commission to the Public Securities
Association).

         The materials attached hereto have been prepared and provided to the
Registrant with respect to the Underwritten Certificates. The information in
such materials is preliminary and will be superseded by the final Prospectus
Supplement relating to the Underwritten Certificates and by any other similar
information subsequently filed with the Commission. To the extent any materials
previously filed by the Registrant with respect to the Underwritten Certificates
are inconsistent with the materials attached hereto, such previously filed
materials are superseded by the materials attached hereto.

ITEM 7.  FINANCIAL STATEMENTS AND EXHIBITS.

(a)  FINANCIAL STATEMENTS OF BUSINESSES ACQUIRED:

         Not applicable.

(b) PRO FORMA FINANCIAL INFORMATION:

         Not applicable.


                                       -2-
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(c)  EXHIBITS:

Exhibit No.             Description

99.1                    Certain materials constituting Computational Materials
                        and/or ABS Term Sheets prepared and disseminated in
                        connection with the expected sale of the Underwritten
                        Certificates*.


























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*Filed on October 7, 1999, under cover of Form SE pursuant to and under Rule 311
of Regulation S-T


                                       -3-
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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, thereunto duly authorized.


Date:  October 7, 1999


                                STRUCTURED ASSET SECURITIES CORPORATION


                                By: /s/ James Blakemore
                                    -------------------------------------
                                    Name: James Blakemore
                                    Title: Vice President







                                       -4-
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                                  EXHIBIT INDEX


                  The following exhibits are filed herewith:


EXHIBIT NO.                                                             PAGE NO.

99.1            Certain materials constituting Computational Materials
                and/or ABS Term Sheets in connection with the expected
                sale of the Underwritten Certificates*.

























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* Filed on October 7, 1999, under cover of Form SE pursuant to and under
Rule 311 of Regulation S-T


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