STRUCTURED ASSET SECURITIES CORP
8-K, 2000-11-21
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 EXCHANGE ACT OF 1934


Date of report (Date of earliest event reported)  November 16, 2000
                                                  ------------------------------

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


Delaware                              333-31070             74-2440858
--------------------------------------------------------------------------------
(State or Other Jurisdiction          (Commission           (IRS Employer
of Incorporation)                     File Number)          Identification No.)


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


Registrant's telephone number, including area code  (212) 526-7000
                                                  ------------------------------


--------------------------------------------------------------------------------
          (Former Name or Former Address, if Changed Since Last Report)

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Item 5. Other Events.
---------------------

     It is expected that during December, 2000, a single series of certificates,
expected to be titled LB-UBS Commercial Mortgage Trust 2000-C5, Commercial
Mortgage Pass-Through Certificates, Series 2000-C5 (the "Certificates"), will be
issued pursuant to a pooling and servicing agreement (the "Pooling and Servicing
Agreement"), to be entered into by and among Structured Asset Securities
Corporation (the "Registrant") and a master servicer, a special servicer, a
trustee and a fiscal agent. It is expected that certain classes of the
Certificates (the "Underwritten Certificates") will be registered under the
Registrant's registration statement on Form S-3 (no. 333-31070) and sold to
Lehman Brothers Inc., UBS Warburg LLC and Deutsche Bank Securities Inc. (the
"Underwriters") pursuant to an underwriting agreement between the Registrant and
the Underwriters.

     In connection with the expected sale of the Underwritten Certificates, the
Registrant has been advised that one or more prospective investors have been
furnished with certain materials attached hereto as Exhibit 99.1 that constitute
"Computational Materials" (as defined in the no-action letter dated May 20, 1994
issued by the Division of Corporation Finance of the Securities and Exchange
Commission (the "Commission") to Kidder, Peabody Acceptance Corporation I,
Kidder, Peabody & Co. Incorporated, and Kidder Structured Asset Corporation and
the no-action letter dated May 27, 1994 issued by the Division of Corporation
Finance of the Commission to the Public Securities Association) and/or "ABS Term
Sheets" (as defined in the no-action letter dated February 17, 1995 issued by
the Division of Corporation Finance of the Commission to the Public Securities
Association).

     The materials attached hereto have been prepared and provided to the
Registrant with respect to the Underwritten Certificates. The information in
such materials is preliminary and will be superseded by the final Prospectus
Supplement relating to the Underwritten Certificates and by any other similar
information subsequently filed with the Commission. To the extent any materials
previously filed by the Registrant with respect to the Underwritten Certificates
are inconsistent with the materials attached hereto, such previously filed
materials are superseded by the materials attached hereto.

Item 7. Financial Statements and Exhibits.
------------------------------------------

(a)  Financial statements of businesses acquired:
     --------------------------------------------

         Not applicable.

(b) Pro forma financial information:
    --------------------------------

         Not applicable.



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(c)  Exhibits:
     ---------

Exhibit No.    Description

99.1           Certain materials constituting Computational Materials and/or ABS
               Term Sheets prepared and disseminated in connection with the
               expected sale of the Underwritten Certificates.

99.2           Certain materials constituting Computational Materials and/or ABS
               Term Sheets prepared and disseminated in connection with the
               expected sale of the Underwritten Certificates.















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<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, thereunto duly authorized.


Date: November 17, 2000


                                      STRUCTURED ASSET SECURITIES
                                        CORPORATION

                                          By: /s/ Precilla Torres
                                              --------------------------------
                                              Name: Precilla Torres
                                              Title: Vice President







                                       4
<PAGE>

                                  EXHIBIT INDEX

     The following exhibits are filed herewith:

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

99.1           Certain materials constituting Computational
               Materials and/or ABS Term Sheets in connection
               with the expected sale of the Underwritten
               Certificates.

99.2           Certain materials constituting Computational
               Materials and/or ABS Term Sheets in connection
               with the expected sale of the Underwritten
               Certificates.














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