SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549


                                   FORM 10-K/A
                                 Amendment No.1


(Mark One)

/     x / ANNUAL  REPORT  PURSUANT  TO  SECTION  13 OR  15(d) OF THE  SECURITIES
      EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2000 or

/   / TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE
      SECURITIES EXCHANGE ACT OF 1934


      Commission File No.:   333-51279-08

             Bear Stearns ARM Trust
             Mortgage Pass-Through Certificates
             Series  2000-2
        (Exact name of registrant as specified in its charter)



New York                           52-2267476
(State or other jurisdiction     (I.R.S. Employer
 of incorporation or              Identification  No.)
 organization)

c/o Wells Fargo Bank Minnesota, N.A.
9062 Old Annapolis Road
Columbia, Maryland                            21045
(Address of principal executive offices)     (ZIP Code)


Registrant's telephone number, including area code:
     (410) 884-2000

Securities to be registered pursuant to Section 12(b) of the Act:

     NONE

Securities to be registered pursuant to Section 12(g) of the Act:

     NONE

Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the  preceding 12 months (or for such  shorter  period that the  registrant  was
required  to file  such  reports),  and  (2) has  been  subject  to such  filing
requirements for the past 90 days.

     Yes   X          No ___


This Amendment No. 1 on Form 10-K/A amends Item 14 of the original Annual Report
on Form 10-K (the  "Original  Form 10-K") filed on March 22, 2001, on behalf of
Bear Streans ARM Trust 2000-2 established pursuant to the Pooling and Servicing
Agreement among Structured Asset Mortgage Investments Inc. as Seller, and Wells
Fargo Bank Minnesota, National Association, as Trustee, pursuant to which the
Bear Stearns ARM Trust, Series 2000-2 registered under the Securities Act of
1933 (the "Certificates") were issued.


Item 14 of the original Form 10K is amended in its entirety to read as follows:

Item 14.  Exhibits, Financial Statement Schedules, and Reports
          on Form 8-K.

          (a) Exhibits

              (99.1) Annual   Independent    Accountants'    Servicing   Reports
                     concerning servicing activities for the year ended December
                     31, 2000.

                     a)   First Republic Bank <F1>

              (99.2) Report  of  Management   as  to  Compliance   with  Minimum
                     Servicing Standards for the year ended December 31, 2000.

                     a)   First Republic Bank <F1>

              (99.3) Annual  Statements  of  Compliance  under the  Pooling  and
                     Servicing Agreements for the year ended December 31, 2000.

                     a)   First Republic Bank <F3>

              (99.4) Aggregate Statement of Principal and Interest Distributions
                     to Certificate Holders. <F2>

            (b) On November 27, 2000, a report on Form 8-K was filed in order
                to provide the Pooling and Servicing Agreement for the
                Certificates.

                On January 9, 2001, a report on Form 8-K was filed by the
                Company in order to provide the statements for the monthly
                distributions to holders of the Certificates.

            (c) Not applicable.

            (d)  Omitted.

<F1>  Filed herewith.
<F2>  Previously filed.
<F3>  Such document is not filed herewith since document was not received
      by the reporting person.

                           SIGNATURE

Pursuant to the  requirements of Section 13 or 15(d) 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 ARM Trust
Mortgage Pass-Through Certificates
Series  2000-2

Signed:   Wells Fargo Bank Minnesota, N.A., as Trustee

By:   Beth Belfield, Assistant Vice President
By:  /s/  Beth Belfield, Assistant Vice President

Dated:  June 25, 2002


Exhibit Index

Exhibit No.

99.1      Annual Independent Accountants' Servicing Reports concerning servicing
          activities for the year ended December 31, 2000.

                     a)   First Republic Bank <F1>

99.2      Report of Management as to Compliance with Minimum Servicing Standards
          for the year ended December 31, 2000.

                     a)   First Republic Bank <F1>

99.3      Annual  Statements  of  Compliance  under the  Pooling  and  Servicing
          Agreements for the year ended December 31, 2000.

                     a)   First Republic Bank <F3>

99.4      Aggregate Statement of Principal and Interest Distributions to
          Certificate Holders.<F2>

<F1>  Filed herewith.
<F2>  Previously filed.
<F3>  Such document is not filed herewith since document was not
      received by the reporting person.



    EX-99.1 (a)
    Annual Independant Accountant's Servicing Report

    KPMG    (logo)
    Three Embarcadero Center
    San Francisco, CA 94111

    Independent Accountants' Report

    The Board of Directors
    First Republic Bank:

    We have examined management's assertion about First Republic Bank's
    (the Bank) compliance with the minimum servicing standards set forth in the
    Mortgage Bankers Association of America's Uniform Single Attestation
    Program for Mortgage Bankers as of and for the year ended Dccember 31,
    2000 included in the accompanying  management assertion. Management is
    responsible for First Republic Bank's compliance with those minimun
    servicing standards. Our responsibility is to express an opinion on
    management's assertion about the Bank's compliance based on our examination.

    Our examination was made in accordance with standards established by the
    American Institute of Certified Public Accountant and, accordingly,
    included examining, on a test basis, evidence about First Republic Bank's
    compliance with the minimurn servicing standards and performing such other
    procedures as we considered necessary in the circumstances. We believe
    that our examination providcs a reasonable basis for our opinion. Our
    examination does not provide a legal determination on First Republic Bank's
    compliance with the minimum servicing standards.

    In our opinion, management's assertion that First Republic Bank has complied
    in all material respects with the aforementioned minimum servicing standards
    as of and for the year ended Decernher 31, 2000 is fairly staied, in
    all material respects.



    March 15, 2001




EX-99.2 (a)
Report of Management

FIRST REPUBLIC BANK
It's a privilege to serve you  (logo)

Management Assertion

As of and for the year ended December 31, 2000, First Republic Bank (the
"Bank") has complied in all material respects with the minimum servicing
standards set forth in the Mortgage Bankers Association of America's Uniform
Single Attestation Program for Mortgage Bankers. As of and for this same
period, the Bank had in effect a fidelity bond insurance policy in the
amount of $15,000,000 and an errors and omissions insurance policy in the
amount of $3,000,000.

James H. Herbert II                               March 15, 2001
President and Chief Executive Officer

Katherine August-deWilde                          March 15, 2001
Senior Vice President and
Chief Operating Officer

Willis H. Newton, Jr.                             March 15, 2001
Senior Vice President and
Chief Financial Officer

Cathy Myers                                       March 15, 2001
Vice President and
Director of Secondary Marketing



San Francisco * Silicon Valley * Los Angeles * Beverly Hills * San Diego *
Las Vegas * New York

11 Pine Street, San Francisco, California 94111, Tel (415) 392-1400
or (800) 392-1400, fax (415) 392-1413

www.firstrepublic.com * New York Stock Exchange Symbol:  FRC * Member FDIC