STRUCTURED ASSET SECURITIES CORP
8-K, 2000-01-27
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)
                               January 21, 2000


                    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 2000-1, Class 1-A1, Class 1-A2, Class 1-A3, Class 1-A4, Class
         1-A5, Class 1-A6, Class 1-A7, Class 1-AP, Class 2-A1, Class 2-A2,
         Class 2-A3, Class 2-A4, Class 2-A5, Class 2-AP, Class 3-A, Class
         3-AP, Class AX, Class B1, Class B1X, Class B2, Class B2X, Class B3
         and Class R Certificates (the "Certificates"). The Certificates are
         being offered pursuant to a Prospectus Supplement, dated January 21,
         2000, 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/ Ellen Kiernan
                                                -------------------------------
                                                 Name:  Ellen Kiernan
                                                 Title:  Authorized Signatory



Dated:  January 25, 2000

<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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