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.:   333-51279-09


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


                                   52-2267478
New York                           52-2267477
(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 28, 2001,  on behalf of
Bear Stearns ARM Trust 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 the Bear
Stearns Arm Trust Series 2000-1 Trust 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)   Bank of America <F1>

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

                     a)   Bank of America <F1>


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

                     a)   Bank of America <F1>

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

            (b) On December 26, 2000, a report on Form 8-K was filed in
                order to provide the Pooling and Servicing Agreement for
                the Certificates.

		No other reports on Form 8K 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 Trust

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

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

Dated:  August 21, 2002


Exhibit Index

Exhibit No.

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

                     a)   Bank of America <F1>


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

                     a)   Bank of America <F1>


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

                     a)   Bank of America <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
    Suite 5400
    100 N. Tryon Street
    Charlotte, NC 28202
    Telephone (704) 344 7500



                          Report of Independent Accountants

      To the Board of Directors and Shareholders of
      Bank of America N.A. Capital Markets Servicing Group

      We have examined management's assertion, included in the accompanying
      report entitled Report Of Management, that Bank of America N.A. Capital
      Markets Servicing Group (CMSG) complied with the minimum servicing
      standards set forth in the Mortgage Bankers Association of America's
      Uniform Single Attestation Program for Mortgage Bankers (USAP) during the
      year ended December 31, 2000 except for the minimum servicing standards
      V.4 and VI.1, which are not applicable to such servicing. Management is
      responsible for CMSG's compliance with those requirements. Our
      responsibility is to express an opinion on management's assertions about
      CMSG'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 CMSG's compliance with
      those requirements 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 CMSG's compliance with the minimum servicing standards.

     In our opinion, management's assertion that CMSG complied with the
     aforementioned requirements as of and for the year ended December 31, 2000,


     is fairly stated, in all material respects.

     March 13, 2001





EX-99.2 (a)

Bank of America (logo)


Bank of America, N.A.
Capital Markets Servicing Group
CA9-703-26-10
PO Box 3609
Los Angeles, CA 90051

Tel 800.462.0505

Report of Management


We, as members of management of Bank of America N.A Capital Markets
Servicing Group (CMSG), are responsible for complying with the minimum
servicing standards as set forth in the Mortgage Bankers Association of
America's Uniform Single Attestation Program for Mortgage Bankers (USAP)
except for minimum servicing standards V.4 and VI. 1, which are not
applicable to such servicing. We are also responsible for establishing and
maintaining effective internal control over compliance with these standards.
We have performed an evaluation of CMSG's compliance with the minimum
servicing standards as set forth in the USAP as of December 31, 2000 and for
the year then ended. Based on this evaluation, we assert that during the
year ended December 31, 2000, CMSG complied, in all material respects, with
the minimum servicing standards set forth in the USAP.

As of and for this same period, Bank of America N.A. had in effect a
fidelity bond and errors and omissions policy in the amount of $275,000,000.

Anita N. Roglich
Senior Vice President

Ernest Ulate, Jr.
Vice President




March 13, 2001



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 premiums 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 mortgagors'
        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 acquisition
        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 2000 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 12/31/00
            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