STRUCTURED ASSET SECURITIES CORP
8-K, 1998-07-30
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)
                                 July 30, 1998


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



         Delaware                     3233-47499              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 1998-8, Class A-1, Class A-2, Class
A-3, Class M-1, Class M-2 and Class B Certificates (the  "Certificates").  The
Certificates are being offered pursuant to a Prospectus Supplement, dated July
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: July 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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