STRUCTURED ASSET SECURITIES CORP/NY
8-K, 1998-04-30
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 AND EXCHANGE ACT OF 1934


               Date of Report (Date of earliest event reported)
                                April 27, 1998


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


             Delaware                   333-47499           74-2440850
    ----------------------------       -----------         ------------
   (State or Other Jurisdiction        (Commission       (I.R.S. Employer
       of Incorporation)               File Number)     Identification No.)


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

     Registrant's telephone number, including area code:  (212) 526-5594


                                  No Change
        -------------------------------------------------------------
        (Former Name or Former Address, if Changed Since Last Report)


     Item 5.  Other Events./1/
               -----------

     Filed  concurrently herewith under  Form SE  are certain  materials (the
"Computational  Materials")  furnished to the  Registrant by Lehman  Brothers
Inc.   (the  "Underwriter")  in   respect  of  Structured   Asset  Securities
Corporation  Mortgage Pass-Through  Certificates,  Series 1998-4,  Class A-1,
Class   A-2,  Class   M-1,  Class   M-2   and  Class   B  Certificates   (the
"Certificates").  The Certificates are being offered pursuant to a Prospectus
Supplement,  dated April  27, 1998, and  a Prospectus,  dated March  18, 1998
(together,  the  "Prospectus"), which  are  being filed  with  the Commission
pursuant to  Rule 424(b) under  the Securities Act  of 1933, as  amended (the
"Act").  The  Certificates have been registered  pursuant to the Act  under a
Registration  Statement  on  Form  S-3  (No.  333-47499)  (the  "Registration
Statement").   The Computational Materials  are incorporated by  reference in
the Registration Statement.

     The Computational Materials were prepared solely by the Underwriter, and
the  Registrant did  not prepare  or  participate (other  than providing  the
background information concerning  the underlying pool  of assets upon  which
the Computational Materials are based  to the Underwriter) in the preparation
of the Computational Materials.

     Any statements or  information contained in the  Computational Materials
shall be deemed to  be modified or superseded for purposes  of the Prospectus
and the Registration Statement by  statements or information contained in the
Prospectus.



/1/  Capitalized terms used  but not otherwise defined herein  shall have the
     same meanings ascribed to them in the Prospectus.



     Item 7.  Financial Statements; Pro Forma Financial Information and
              ---------------------------------------------------------
              Exhibits.
              --------

     (a)  Not applicable.

     (b)  Not applicable.

     (c)  Exhibits:

               99.1      Computational Materials. (P)


                                  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 hereunto duly authorized.

                                        STRUCTURED ASSET SECURITIES
                                            CORPORATION


                                        By:  /s/ Stanley Labanowski
                                            ------------------------------
                                            Name:  Stanley Labanowski
                                            Title:  Authorized Signatory


Dated: April 30, 1998


                                EXHIBIT INDEX
                                -------------


Exhibit No.                   Description                   Page No.
- -----------                   -----------                   --------


99.1                     Computational Materials                 P


                 EXHIBIT 99.1     COMPUTATIONAL MATERIALS (P)

                    (To be filed on Form SE pursuant to a
                        continuing hardship exemption)




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