STRUCTURED ASSET SEC CORP MORT PASS THR CERT SERIES 1997-4
10-K, 1998-01-30
ASSET-BACKED SECURITIES
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                       SECURITIES AND EXCHANGE COMMISSION   
   
                              Washington D.C. 20549   
   
                                    Form 10-K   
   
Annual report pursuant to Section 13 or 15(d) of the Securities & Exchange Act  
            of 1934 (Fee Required)  For fiscal year ended 12/31/1997   
   
                        Commission file number: 033-12721   
                                           
                     Structured Asset Securities Corporation   
 (AS DEPOSITOR UNDER THE TRUST AGREEMENT DATED AS OF NOVEMBER 1, 1996,   
PROVIDING   
     FOR THE ISSUANCE OF MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1996-6)   
 ------------------------------------------------------------------------------ 
             (Exact name of registrant as specified in its charter)   
   
                  Delaware                           74-2440850   
                  --------                           ----------   
          (State or Other Jurisdiction           (I.R.S. Employer        
             of Incorporation                 Identification Number)   
   
                                200 Vesey Street   
                            New York, New York  10285   
                        ---------------------------------   
                        (Address of Principal (Zip Code)   
                         Executive Offices)           `   
   
                  Registrant's telephone number:(203) 526-3305   
   
           Securities registered pursuant to Section 12(b) of the Act:   
                                           
                                      None   
                                           
           Securities registered pursuant to Section 12(g) of the Act:   
                                           
                                      None   
                                           
Indicate whether the Registrant:(1) has filed all reports required to be filed 
by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the   
preceding 12 months(or for such shorter period that the registrant was required 
to file such reports), and (2) has been subject to such filing requirements for 
the past 90 days.   
                             _X_ YES         ___ no   
                                           
                                           
   
Item 1. Business:   
   
       Not applicable   
   
   
Item 2. Properties:   
   
       Not applicable   
   
   
Item 3. Legal Proceedings:   
   
       None   
   
   
Item 4. Submission of Matters to a Vote of Security-Holders   
   
       None   
   
   
Item 5. Market for Registrant's Common Equity and Related Stockholder Matters  
   
       To the best knowledge of the registrant there is no established public  
       trading market for the certificates.   
   
       There are approximately 100 holders of record as of the end of the   
       reporting year.   
   
   
Item 6.Selected Financial Data   
   
       Not applicable   
   
   
Item 7.Management's Discussion and Analysis of Financial Condition and Results
       of Operations   
   
       Not applicable   
   
   
Item 8. Financial Statements and Supplementary Data   
   
       Not applicable   
   
   
Item 9. Changes in and Disagreements With Accountants on Accounting and   
       Financial Disclosure   
   
       None   
   
   
Item 10.    Directors and Executive Officers of the Registrant   
   
       Not applicable   
   
   
Item 11.    Executive Compensation   
   
       Not applicable   
   
   
Item 12.    Security Ownership of Certain Beneficial Owners and Management   
   
       Not applicable   
   
   
Item 13.    Certain Relationships and Related Transactions   
   
       Not applicable   
   
   
Item 14.    Exhibits, Financial Statement Schedules, and Reports on Form 8-K   
   
         
       Not Applicable    
   
    
   
Signatures   
   
     Pursuant to the requirements of Section 13 or 15(d) 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: 01/30/98   
   
Structured Asset Securities Corporation by U.S. Bank National Association fka 
First Trust National Association, as Trustee for Structured Asset Securities 
Corporation Mortgage Pass-Through Certificates, Series 1996-6,   
   
By:    /s/ Eve Kaplan   
   --------------------------------------   
Name:    Eve Kaplan   
Title:   Vice President   
Company: U.S. Bank National Association fka First Trust National Association   
   
   



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