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):August 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 August 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.
28.16 August 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: September 9, 1996 By: S\William J.Montgoris\
William J. Montgoris
Treasurer and Secretary
BEAR STEARNS MPRTGAGE SECURITIES INC.
FORM 8-K
CURRENT REPORT
Exhibit Index
Exhibit No. Description
(28.16) August 25, 1996 - Information on
Distribution to Certificateholders
<TABLE>
AUGUST 25, 1995 - INFORMATION ON DISTRIBUTION EXHIBIT 28.16
TO CERTIFICATEHOLDERS
Bear Stearns Mortgage Securities Inc.
Mortgage Pass-Through Certificates, Series 1995-1
<CAPTION>
Principal Amt
Original Outstanding Ending
Certificat 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 $125,458,196 6.481% $677,409 $0 $690,169 $689,502 $124,768,694
1-M 1,795,505 1,682,887 6.481% 9,087 0 9,173 7,956 1,674,931
1-B-1 718,209 673,161 6.481% 3,635 0 3,669 3,182 669,979
1-B-2 359,105 336,581 6.481% 1,817 0 1,835 1,591 334,990
1-B-3 718,209 673,161 6.481% 3,635 0 3,669 3,182 669,979
1-B-4 359,105 336,581 6.481% 1,817 0 1,835 1,591 334,990
1-B-5 359,110 336,585 6.481% 1,817 0 1,835 1,591 334,994
2-A-1 64,079,247 45,883,554 7.400% 282,949 0 297,026 550,079 45,333,475
2-A-2 16,789,000 16,789,000 7.400% 103,532 0 103,532 0 16,789,000
2-A-3 13,878,000 13,878,000 7.400% 85,581 0 85,581 0 13,878,000
2-A-4 16,091,000 16,091,000 7.400% 99,228 0 99,228 0 16,091,000
2-P 2,850,903 2,499,205 0.000% 0 0 0 13,388 2,485,816
2-X 50,531,148 41,331,123 0.380% 12,445 0 12,790 0 41,331,123
2-M 1,465,054 1,367,895 7.400% 8,435 0 8,519 6,916 1,360,979
2-B-1 586,021 547,157 7.400% 3,374 0 3,408 2,766 544,391
2-B-2 293,011 273,579 7.400% 1,687 0 1,704 1,383 272,196
2-B-3 586,021 547,157 7.400% 3,374 0 3,408 2,766 544,391
2-B-4 293,011 273,579 7.400% 1,687 0 1,704 1,383 272,196
2-B-5 293,014 273,582 7.400% 1,687 0 1,704 1,383 272,199
R 100 0 6.481% 0 0 0 0 0
$260,846,269 $227,920,862 $1,303,197 $0 $1,330,787 $1,288,662 $226,632,200
</TABLE>
