SUPPLEMENT
(To Prospectus Dated May 21, 1996 and Prospectus Supplement Dated
February 3, 1998)
Structured Asset Securities Corporation
Mortgage Pass-Through Certificates, Series 1998-1
___________
Capitalized terms used but not defined herein have the meanings assigned
to them in the Prospectus Supplement dated February 3, 1998 (the "Prospectus
Supplement").
The second sentence of the first paragraph under the heading "SUMMARY OF
TERMS -- Distributions of Interest and Principal" on page S-7 of the
Prospectus Supplement is hereby deleted and replaced with the following:
The Interest Accrual Period applicable to the Class A1 and Class A2
Certificates will be the period beginning on the 28th day of the
calendar month preceding the month in which the related Distribution
Date occurs (or, in the case of the first Distribution Date, February 5,
1998) and ending on the 27th day of the month of the related
Distribution Date.
The third paragraph under the heading "DESCRIPTION OF THE CERTIFICATES -
- - Distributions of Interest" on page S-20 of the Prospectus Supplement is
hereby deleted and replaced with the following:
The "Interest Accrual Period" for each Class of Certificates will
be (i) in the case of Class A1 and Class A2 Certificates, the period
beginning on the 28th day of the calendar month preceding the month in
which the related Distribution Date occurs (or, in the case of the first
Distribution Date, beginning on February 5, 1998) and ending on the 27th
day of the month of the related Distribution Date, and (ii) in the case
of the Class R1, Class R2, Class B1, Class B2, Class B3 and Class B4
Certificates, the calendar month preceding the month of the related
Distribution Date. The "Certificate Interest Rate" for each Class of
Subordinate Certificates with respect to each Distribution Date will be
a per annum rate equal to the Pool Rate for such Distribution Date.
The date of this Supplement is May 5, 1998
