BSMS 1999-1
8-K, 2000-11-02
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): April 25, 2000

                                      BSMS

                                  (Depositor)

                     (Issuer in respect of , Series 1999-1)

                (Exact name of registrant as specified in charter)

Delaware                      33-63714                      95-4449516
(State or other               (Commission File No.)         (I.R.S. Employer
    jurisdiction of                                         Identification No.)
    organization)



155 N. Lake Avenue, Pasadena, CA                            91110-7137
(Address of principal executive offices)                    (Zip Code)


Registrant's Telephone Number, including area code: (818)-304-4428

                                 Not Applicable
              (Former name, former address and former fiscal year,
                          if changed since last report)
<PAGE>



Item 5.  Other Events

                                      BSMS
(null)
                                 Series 1999-1

On April 25, 2000, The Bank of New York, as Trustee for BSMS, Series 1999-1,
made a monthly distribution to Certificate holders of principal and/or interest
pursuant to the Pooling and Servicing Agreement, dated as of July 1, 1999, among
BSMS as Depositor, BEAR STEARNS ASSET BACKED SECURITIES, INC., Seller and Master
Servicer and The Bank of New York, as Trustee.

Item 7.  Financial Statements and Exhibits

                    (c) Exhibits

Exhibit No.                               Description

99                  Report  to  Holders  of  BSMS, Series 1999-1 relating to the
                    distribution  date of April 25, 2000 prepared by The Bank of
                    New  York,  as  Trustee  under  the  Pooling  and  Servicing
                    Agreement dated as of July 1, 1999.



<PAGE>



                                   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.

Dated: April 25, 2000


                                      BSMS


                          By: /s/ COURTNEY A. BARTHOLOMEW
                              ------------------------------
                          Name:   COURTNEY A. BARTHOLOMEW
                                  Assistant Treasurer
                                  The Bank of New York,
                                  as Trustee



<PAGE>



                                 EXHIBIT INDEX



Exhibit


99                  Monthly Remittance Statement dated April 25, 2000




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