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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)
December 23, 1998
Structured Asset Securities Corporation
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(Exact Name of Registrant as Specified in its Charter)
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<S> <C> <C> <C>
Delaware 3233-47499 74-2440850
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State or Other Jurisdiction (Commission (I.R.S. Employer
Of Incorporation) File Number) Identification No.)
200 Vesey Street
New York, New York 10285
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(Address of Principal Executive (Zip Code)
Offices)
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Registrant's telephone number, including area code: (212) 526-5594
No Change
(Former Name or Former Address, if Changed Since Last Report)
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Item 5. Other Events.1
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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-ALS2, Class 1-A, Class 1-AP, Class 2-A, Class 2-AP, Class B1,
Class B2, Class B3 and Class R Certificates (the "Certificates"). The
Certificates are being offered pursuant to a Prospectus Supplement,
dated December 23, 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.
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1 Capitalized terms used but not otherwise defined herein shall have the
same meanings ascribed to them in the Prospectus.
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Item 7. Financial Statements; Pro Forma Financial Information and Exhibits.
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(a) Not applicable.
(b) Not applicable.
(c) Exhibits:
99.1 Computational Materials. (P)
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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/ Joseph J. Kelly
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Name: Joseph Kelly
Title: Vice President
Dated: December 23, 1998
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EXHIBIT INDEX
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Exhibit No. Description Page No.
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99.1 Computational Materials P
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Exhibit 99.1 Computational Materials (P)
[To be filed on Form SE pursuant to a
continuing hardship exemption]
