STRUCTURED ASSET SECURITIES CORP
8-K, 1999-06-09
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)
                                 June 8, 1999



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




          Delaware                   333-68513                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 Executive                               (Zip Code)
           Offices)



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


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


<PAGE>


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 1999-BC2, Class A1, Class A2, Class
A3,  Class IO,  Class M1,  Class M2,  Class M3 and Class B  Certificates  (the
"Certificates").  The  Certificates are being offered pursuant to a Prospectus
Supplement,  dated June 8, 1999,  and a  Prospectus,  dated  January  15, 1999
(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.  333-68513)  (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.


<PAGE>


Item 7.  Financial Statements; PRO FORMA Financial Information and Exhibits.
         ------------------------------------------------------------------

     (a)  Not applicable.

     (b)  Not applicable.

     (c)  Exhibits:

          99.1      Computational Materials. (P)


<PAGE>


                                  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: Vice President




Dated:  June 9, 1999


<PAGE>


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




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

99.1                          Computational Materials                 P


<PAGE>


                   EXHIBIT 99.1 COMPUTATIONAL MATERIALS (P)

                     [To be filed on Form SE pursuant to a
                        continuing hardship exemption]


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