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:  333-51279-09

         Bear Stearns ARM Trust
         Mortgage Pass-Through Certificates
         Series 2000-1
         (Exact name of registrant as specified in its charter)



   New York                                        52-2267478
                                                   52-2267477
  (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 2000-1 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 2000-1 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) Bank of America, as Servicer <F1>

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

       a) Bank of America, as Servicer <F1>

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

       a) Bank of America, 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 2000-1
    (Registrant)




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

  By:   Christine A. Tincher, as 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 2000-1.

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) Bank of America, as Servicer <F1>

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

     a) Bank of America, as Servicer <F1>

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

     a) Bank of America, 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)

PRICEWATERHOUSECOOPERS    (logo)

PricewaterhouseCoopers LLP
Bank of America Corporate Center
100 North Tryon Street
Suite 5400
Charlotte NC 28202
Telephone (704) 344 7500
Facsimile (704) 344 4100

REPORT OF INDEPENDENT ACCOUNTANTS

To the Board of Directors and Shareholder of
Bank of America, N.A.

We have examined management's assertion about compliance by BA Mortgage,
LLC and the Mortgage division of Bank of America, N.A. (collectively, the
"Company"), which together comprise an operating division of Bank of America,
N.A., with the minimum servicing standards (the "Standards") identified in the
Mortgage Bankers Association of America's Uniform Single Attestation Program for
Mortgage Bankers ("USAP") as of and for the year ended December 31, 2001
included in the accompanying management assertion (see Exhibit 1). Management is
responsible for the Company's compliance with the Standards. Our responsibility
is to express an opinion on management's assertion about the Company's
compliance based on our examination.

Our examination was made in accordance with standards established by the
American Institute of Certified Public Accountants and, accordingly, included
examining, on a test basis, evidence about the Company's compliance with the
Standards 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
Company's compliance with the Standards.

In our opinion, management's assertion that the Company complied with the
aforementioned Standards as of and for the year ended December 31, 2001 is
fairly stated, in all material respects.



March 15, 2002


EX 99.2 (a)

Exhibit 1

Bank of America    (logo)


Bank of America
NCl-022-04-08
201 North Tryon Street
Charlotte, NC 28255
Tel 704.386.5692

Management's Assertion Concerning Compliance
with USAP Minimum Servicing Standards

March 15, 2002

As of and for the year ended December 31, 2001, BA Mortgage LLC, and the
Mortgage division of Bank of America, N.A. (collectively, the "Company"),
which together comprise an operating division of Bank of America, N.A., 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 ("USAP").

As of and for this same period, the Company had in effect a fidelity bond
and errors and omissions policy in the amounts of $300,000,000 and $300,000,000
respectively.



Kevin M. Shannon                        Daniel F. Hellams
President                               President
Consumer Real Estate                    Bank of America Mortgage




David H. Rupp                           Gary K Bettin
Senior Vice President                   Senior Vice President and
Bank of America Mortgage Finance        National Servicing Executive
                                        Bank of America Mortgage



J. Mark Hanson                          H. Randall Chestnut
Senior Vice President                   Senior Vice President
Bank of America Mortgage                Bank of America Mortgage


EX 99.3 (a)

ANNUAL OFFICER CERTIFICATION

In accordance with the Servicing Agreement, I, the undersigned, hereby certify
as to each Mortgage Loan being serviced by Bank of America, N.A. the following:

1.   I am a duly authorized officer of Bank of America, N.A. and am empowered
     and authorized to issue this Annual Certification.

2.   All taxes, ground rents and assessments for the Mortgages covered herein
     have been paid.

3.   All insurance premiums for flood or other casualty insurance, and FHA
     premiums or Private Mortgage prermums on conventional loans have been paid
     and are in full force.

4.   Interest is being paid on escrow in accordance to any laws, regulations,
     or contracts that require payment of interest on mortgators' escrow deposit
     accounts.

5.   Analysis has been made to ensure sufficient money was collected in the
     escrow year.

6.   All required interest rate and/or monthly payment adjustments for ARM loans
     were made in accordance with the mortgage terms, and timely and proper
     notice was provided to the mortgagors.

7.   With respect to FHA Section 221 mortgages that have reached the 20th
     anniversary of their endorsement, we will assign those mortgages that are
     eligible for assignment under HUD's special assignment procedures if
     requested on a loan by loan basis by the investor.

8.   We have reported all ninety day delinquencies, completed foreclosures,
     accepted deed-in-lieu, and reinstated mortgages to the major credit
     repositories in accordance with our reporting requirements.


9.   Property inspections have been made where appropriate.


10.  We have complied with the Internal Revenue Service's requirements for
     reporting the receipt of $600 or more of interest payments(IRS 1098)from a
     mortgagor, for filing statements for recipients of miscellaneous income
     (IRS 1099-Misc) to report payments of fees to attorneys for handling
     liquidation proceedings, and for filing notices of acquisitior of
     abandonment of secured property(IRS 1099-A)to report the acquisition of
     property by foreclosure or acceptance of a deed in lieu or by a mortgagor's
     abandonment of a property.

11.  The Fidelity Bond and Errors and Omissions Coverage has been reviewed.
     All required coverage is in existence and none of our principal officers
     have been removed from coverage.

12.  A viable contingency plan is in place to minimize financial loss and
     disruptions of service to the institution and its customers, as required by
     federal regulations.

I FURTHER CERTIFY:

A. To the best of my knowledge and upon reasonable investigation, the servicing
   of the Mortgage Loans during the year of 2001 has been conducted in
   compliance with the Agreement except for such exceptions as I am setting
   forth below.

Exceptions (if any): None

B. A review of activities with respect to performance under the Agreement
has been made under my supervision and to the best of my knowledge, based on
such review, no default exists as of 12/31/01 in the fulfillment of any
obligations under the Agreement other than the events of default, if any, which
I am listing below with the nature and status thereof.

Events of Default (if any):  None

Bank of America, N.A.



Robert K. Vanderberry
Investor Services-Kentucky
Senior Vice President