FORM 8-K
_____________
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF
THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event reported):July 25, 1996
Bear Stearns Mortgage Securities Inc.
Mortgage Pass-Through Certificates, Series 1995-1
(Exact name of registrant as specified in its charter)
Delaware 33-44658 13-3633241
(State or other juris- (Commission (IRS Employer
diction of incorporation) File Number) Identification No.)
245 Park Avenue, New York, New York 10167
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (212) 272-2000
Not Applicable
(Former name or former address, if changed since last report.)
Item 5. Other Events.
1.A distribution was made to the Certificateholders of the Bear
Stearns Mortgage Securities Inc. Mortgage Pass-Through
Certificates, Series 1995-1, on July 25, 1996. The distribution was
made pursuant to the provisions of a Pooling and Servicing
Agreement dated April 28, 1995, between and among Bear Stearns
Mortgage Securities Inc., as Seller, Bear Stearns Mortgage Capital
Corporation, as Master Servicer, and State Street Bank and Trust
Company, as Trustee.
Item 7. Financial Statements and Exhibits.
(c) Exhibits.
28.15 July 25, 1996 - Information on Distribution to
Certificateholders
SIGNATURE
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.
Bear Stearns Mortgage Securities Inc.
(Registrant)
Date: August 6, 1996 By: S\William J.Montgoris\
William J. Montgoris
Treasurer and Secretary
BEAR STEARNS MORTGAGE SECURITIES INC.
FORM 8-K
CURRENT REPORT
Exhibit Index
Exhibit No. Description
(28.15) July 25, 1996 - Information on
Distribution to Certificateholders
<TABLE>
JULY 25, 1995 - INFORMATION ON DISTRIBUTION EXHIBIT 28.15
TO CERTIFICATEHOLDERS
Bear Stearns Mortgage Securities Inc.
Mortgage Pass-Through Certificates, Series 1995-1
<CAPTION>
Principal Amt
Original Outstanding Ending
Cert. Principal Prior to Interest Interest Interest Interest Principal Principal Amount
Class Amount Distribution Rate Accrued Adjustments Distributed Payable Outstanding
<S> <C> <C> <C> <C> <C> <C> <C> <C>
1-A $139,332,644 $127,136,453 6.481% $686,605 ($2,761) $690,169 $1,678,257 $125,458,196
1-M 1,795,505 1,690,727 6.481% 9,131 (37) 9,173 7,840 1,682,887
1-B-1 718,209 676,297 6.481% 3,652 (15) 3,669 3,136 673,161
1-B-2 359,105 338,149 6.481% 1,826 (7) 1,835 1,568 336,581
1-B-3 718,209 676,297 6.481% 3,652 (15) 3,669 3,136 673,161
1-B-4 359,105 338,149 6.481% 1,826 (7) 1,835 1,568 336,581
1-B-5 359,110 338,153 6.481% 1,826 (7) 1,835 1,568 336,585
2-A-1 64,079,247 47,026,942 7.400% 289,999 (1,301) 297,026 1,143,388 45,883,554
2-A-2 16,789,000 16,789,000 7.400% 103,532 (465) 103,532 0 16,789,000
2-A-3 13,878,000 13,878,000 7.400% 85,581 (384) 85,581 0 13,878,000
2-A-4 16,091,000 16,091,000 7.400% 99,228 (445) 99,228 0 16,091,000
2-P 2,850,903 2,519,725 0.000% 0 0 0 20,521 2,499,205
2-X 50,531,148 41,331,123 0.380% 12,614 (57) 12,790 0 41,331,123
2-M 1,465,054 1,374,714 7.400% 8,477 (38) 8,519 6,819 1,367,895
2-B-1 586,021 549,885 7.400% 3,391 (15) 3,408 2,728 547,157
2-B-2 293,011 274,943 7.400% 1,695 (8) 1,704 1,364 273,579
2-B-3 586,021 549,885 7.400% 3,391 (15) 3,408 2,728 547,157
2-B-4 293,011 274,943 7.400% 1,695 (8) 1,704 1,364 273,579
2-B-5 293,014 274,946 7.400% 1,696 (8) 1,704 1,364 273,582
R 100 0 6.481% 0 0 0 0 0
$260,846,269 $230,798,209 $1,319,819 ($5,592) $1,330,787 $2,877,347 $227,920,862
</TABLE>