UNITED STATES
                         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, 2001


      OR

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


       Commission File Number:  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 of                  (I.R.S. Employer
  incorporation or organization)                   Identification No.)


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


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


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

       NONE.



  Securities 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 26, 2002 on behalf of Bear Stearns ARM Trust Mortgage Pass-Through
  Certificates, Series 2000-2 established pursuant to the Pooling and Servicing
  Agreement among Structured Asset Mortgage Investments Inc. as Seller,
  and Wells Fargo Bank Minnesota, N.A. as Trustee pursuant to which
  Bear Stearns ARM Trust, Mortgage Pass-Through Certificates, 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, 2001.

       a) First Republic Bank, as Servicer <F1>

    (99.2) Report of Management as to Compliance with Minimum Servicing
           Standards for the year ended December 31, 2001.

       a) First Republic Bank, as Servicer <F1>

    (99.3) Annual Statements of Compliance under the Pooling and Servicing
           Agreements for the year ended December 31, 2001.

       a) First Republic Bank, as Servicer <F1>

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


   (b)  On November 07, 2001, December 11, 2001, and January 08, 2002
        reports on Form 8-K were filed by the Company in order to provide
        the statements for the monthly distributions to holders of the
        Certificates. No other reports on Form 8-K have been filed during
        the last quarter of the period covered by this report.





   (c) Not applicable.


   (d) Omitted.

  <F1> Filed herewith.

  <F2> Previously filed.

                               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
    (Registrant)




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

  By:   Christine A. Tincher, Vice President

  By: /s/  Christine A. Tincher

  Dated: December 16, 2002


Sarbanes-Oxley Certification


I, Christine A. Tincher, certify that:

1.   I have reviewed this annual report on Form 10-K, and all reports on Form
     8-K containing distribution or servicing reports filed in respect of
     periods included in the year covered by this annual report, of Bear
     Stearns ARM Trust Mortgage Pass-Through Certificates Series 2000-2.

2.   Based on my knowledge, the information in these reports, taken as a whole,
     does not contain any untrue statement of a material fact or omit to state a
     material fact necessary to make the statements made, in light of the
     circumstances under which such statements were made, not misleading as of
     the last day of the period covered by this annual report.

3.   Based on my knowledge, the [distribution or servicing] information required
     to be provided to the trustee by the servicer under the pooling and
     servicing agreement is included in these reports.


      Date: December 16, 2002


      Christine A. Tincher
      [Signature]


      Vice President
      [Title]





  Exhibit Index

  Exhibit No.

  (99.1) Annual Independent Accountants' Servicing Reports concerning
         servicing activities for the year ended December 31, 2001.

     a) First Republic Bank, as Servicer <F1>

  (99.2) Report of Management as to Compliance with Minimum Servicing
         Standards for the year ended December 31, 2001.

     a) First Republic Bank, as Servicer <F1>

  (99.3) Annual Statements of Compliance under the Pooling and Servicing
         Agreements for the year ended December 31, 2001.

     a) First Republic Bank, as Servicer <F1>

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


  <F1> Filed herewith.
  <F2> Previously filed.



EX 99.1 (a)

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 that First Republic Bank (the Bank)
compiled 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 December 31, 2001 included in the accompanying
Management Assertion. Management is responsible for the Bank's compliance with
those minimum 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 conducted in accordance with attestation standards
established by the American Institute of Certified Public Accountants and,
accordingly, included examining, on a test basis, evidence about the Bank's
compliance with the minimum servicing standards specified above and
performing such other procedures as we considered necessary in the
circumstances. We believe that our examination provides a reasonable basis for
our opinion. Our examination does not provide a legal determination on the
Bank's compliance with the minimum servicing standards.

In our opinion, management's assertion that First Republic Bank complied
with the aforementioned minimum servicing standards during year ended December
31, 2001 is fairly stated, in all material respects.


March 15, 2002

KPMG LLP. KPMG LLP, a U.S. limited liability partnership, is a member of
KPMG International, a Swiss association.


EX 99.2 (a)

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

Management Assertion

As of and for the year ended December 31, 2001, First Republic Bank (the
"Bank") 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 in the amount of $15,000,000 and an
errors and omissions policy in the amount of $3,000,000.


James H. Herbert II                    March 15, 2002
President and Chief Executive Officer

Katherine August-deWilde               March 15, 2002
Senior Vice President and Chief Operating Officer

Willis H. Newton, Jr.                  March 15, 2002
Senior Vice President and Chief Financial Officer

Cathy Myers                            March 15, 2002
Sr. Vice President and Director of Secondary Marketing


San Francisco * Silicon Valley * Los Angeles * Beverly Hills
San Diego * Las Vegas * New York
111 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


EX 99.3 (a)

Annual Statement of Compliance and Related Information
First Republic Bank
2510 S. Maryland Parkway
Las Vegas, NV 89109
702-792-2200


The undersigned servicing officer certifies the following:

1.      I am an officer of the above-named institution, and I am authorized to
issue this Officer's Certificate;

2.      All premiums for each Hazard Insurance Policy, Flood Insurance Policy
(if any) and FHA certificate of Mortgage Insurance (if any) with respect to each
Mortgage Loan and each Mortgaged Property have been paid and all such insurance
policies are in full force and effect;

3.      All accrued real estate taxes, governmental assessments and any other
expenses that if not paid could result in a lien or encumbrance on any Mortgaged
Property have been paid, or if any such costs or expenses have not been paid in
respect of any Mortgaged Property, the reason for the non-payment and the action
the Servicer will take to assure payment are documented and attached hereto;

4.      The officer signing this certificate has reviewed the activities and
performance of the Servicer during the preceding fiscal year under the Servicing
Agreement throughout such year, or, it there has been a default of failure of
the Servicer to perform any of such duties, responsibilities or obligations, a
description of each default or failure and the nature and status are documented
and attached hereto;

5.      As to each FHA and VA Loan, the Servicer has fulfilled and complied with
all obligations and conditions to be fulfilled and complied with by mortgage
loan servicers under FHA Regulations and VA Regulations, respectively;

6.      This officer has confirmed that the Fidelity Bond and the Errors and
Omissions Insurance Policy are in full force and effect and meet the
requirements of the definitions of such terms;

7.      All inspections required by the Servicing Agreement have been made;

8.      The outstanding balance of the servicing portfolio of the Servicer at
fiscal year-end is $  ; and

9.      All filings required by any taxing authority for any Mortgage Loan have
been completed and delivered as required by applicable law.

Officer Signature              Date 3-28-02

Name and Title Cathy Myers