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                UNITED STATES SECURITIES AND EXCHANGE COMMISSION
                             WASHINGTON, D.C. 20549

                                   FORM 10-K/A

[X]  ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
     ACT OF 1934

FOR THE FISCAL YEAR ENDED:  DECEMBER 31, 1999

                                       OR

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

FOR THE TRANSITION PERIOD FROM __________ TO _________.

COMMISSION FILE NUMBER:  333-9532

BEAR STEARNS ASSET BACKED SECURITIES, INC. (AS DEPOSITOR UNDER THE DEPOSIT TRUST
AGREEMENT, DATED APRIL 1, 1999, PROVIDING FOR THE ISSUANCE OF THE AMERICAN
RESIDENTIAL EAGLE BOND TRUST MORTGAGE BACKED LIBOR NOTES, CLASS A,
SERIES 1999-1)

                   BEAR STEARNS ASSET BACKED SECURITIES, INC.
             (Exact Name of registrant as specified in its charter)

             DELAWARE                                  13-3836437
   (State or other jurisdiction             (I.R.S. employer identification no.)
 of incorporation or organization)

            245 PARK AVENUE                                 10167
             NEW YORK, NY                                 (Zip code)
(Address of principal executive offices)

                                 (212) 272-4095
              (Registrant's telephone number, including area code)

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

           NONE                                         NONE
     (Title of class)                              (Title of class)

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 [ ]

Indicate by check mark if disclosure of delinquent filers pursuant to Item 405
of Regulation S-K is not contained herein, and will not be contained, to the
best of Registrant's knowledge, in definitive proxy or information statements
incorporated by reference in Part III of this Form 10-K or any amendment to this
Form 10-K. [X]

State the aggregate market value of the voting stock held by non-affiliates of
Registrant. The aggregate market value shall be computed by reference to the
price at which the stock was sold, or the average bid and asked prices of such
stock, as of specified date within 60 days prior to the date of filing:

                                 NOT APPLICABLE

                      Documents incorporated by reference:

                                 NOT APPLICABLE


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                   BEAR STEARNS ASSET-BACKED SECURIITIES, INC.
                   MORTGAGE-BACKED LIBOR NOTES, SERIES 1999-1

                                      INDEX

<TABLE>
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<S>       <C>                                                                                                  <C>

PART I    ........................................................................................................ 1
          ITEM 1     -   BUSINESS................................................................................. 1
          ITEM 2     -   PROPERTIES............................................................................... 1
          ITEM 3     -   LEGAL PROCEEDINGS........................................................................ 1
          ITEM 4     -   SUBMISSION OF MATTERS TO A VOTE OF
                         SECURITY HOLDERS......................................................................... 1

PART II   ........................................................................................................ 1
          ITEM 5     -   MARKET FOR REGISTRANT'S COMMON STOCK AND
                         RELATED STOCKHOLDER MATTERS.............................................................. 1
          ITEM 6     -   SELECTED FINANCIAL DATA.................................................................. 1
          ITEM 7     -   MANAGEMENT'S DISCUSSION AND ANALYSIS OF
                         FINANCIAL CONDITION AND RESULTS OF OPERATIONS............................................ 1
          ITEM 8     -   FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA.............................................. 1
          ITEM 9     -   CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS
                         ON ACCOUNTING AND FINANCIAL DISCLOSURE................................................... 1


PART III  ........................................................................................................ 2
          ITEM 10    -   DIRECTORS AND EXECUTIVE OFFICERS OF
                         THE REGISTRANT........................................................................... 2
          ITEM 11    -   EXECUTIVE COMPENSATION................................................................... 2
          ITEM 12    -   SECURITY OWNERSHIP OF CERTAIN BENEFICIAL
                         OWNERS AND MANAGEMENT.................................................................... 2
          ITEM 13    -   CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS........................................... 2

PART IV   ........................................................................................................ 2
          ITEM 14    -   EXHIBITS, FINANCIAL STATEMENT SCHEDULES AND
                         REPORTS ON FORM 8-K...................................................................... 2

SIGNATURES        ................................................................................................ 3
INDEX TO EXHIBITS .................................................................................................4
</TABLE>

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                                    PART I

ITEM 1     -   BUSINESS

               Not Applicable.

ITEM 2     -   PROPERTIES

     Bear Stearns Asset-Backed Securities, Inc. (the "Depositor") will furnish
information regarding the Mortgaged Properties by reference to the Annual
Compliance Certificates to be filed herein under Item 14.

ITEM 3     -   LEGAL PROCEEDINGS

     The Depositor is not aware of any material pending legal proceedings
involving either the Mortgage-Backed LIBOR Notes, Series 1999-1, the American
Residential Eagle Bond Trust 1999-1 (the "Trust); the Master Servicing
Agreement; the Deposit Trust agreement; the Master Servicer; the Trustee; the
Depositor; or the Servicer which relates to the Trust.

ITEM 4     -   SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS

     No matter has been submitted to a vote of the holders of beneficial
interests in the Trust through the solicitation of proxies or otherwise.

                                     PART II

ITEM 5     -   MARKET FOR REGISTRANT'S COMMON STOCK AND RELATED STOCKHOLDER
               MATTERS

     To the best knowledge of the Depositor, there is no established public
trading market for the Notes.

     The Class A Note issued by the Trust is held by the Depository Trust
Company ("DTC") which in turn maintains records of holders of beneficial
interests in the Note. Based on information obtained by the Trust from DTC, as
of December 31, 1999, there were ten holders of Class A Note.

ITEM 6     -   SELECTED FINANCIAL DATA

               Not Applicable.

ITEM 7     -   MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
               RESULTS OF OPERATIONS

               Not Applicable.

ITEM 8     -   FINANCIAL STATEMENTS AND SUPPLEMENTARY INFORMATION

               Not Applicable.

ITEM 9     -   CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND
               FINANCIAL DISCLOSURE

     There were no changes of accountants or disagreements on accounting or
financial disclosures between the Depositor and its accountants.


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                                    PART III

ITEM 10    -   DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT

               Not Applicable.

ITEM 11    -   EXECUTIVE COMPENSATION

               Not Applicable.

ITEM 12    -   SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT

     The Depositor is a wholly-owned, special purpose subsidiary of The Bear
Stearns Companies Inc., a Delaware corporation. The Trust is a Delaware
statutory business trust wholly-owned by the Depositor.

ITEM 13    -   CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS

               None.


                                     PART IV

ITEM 14    -   EXHIBITS, FINANCIAL STATEMENT SCHEDULES AND REPORTS ON FORM 8-K

     (a) The following documents are filed as part of this report:

         1. Financial Statements:

            Not applicable.

         2. Financial Statement Schedules:

            Not applicable.

         3. Exhibits:

            Exhibit No.               Description
            -----------               -----------

            99.1                      Statement of Compliance of the Master
                                      Servicer pursuant to Section 3(s) of the
                                      Master Servicing Agreement.

            99.2                      Annual Report of Independent Accountant
                                      with respect to the Master Servicer's
                                      overall servicing operations pursuant to
                                      Section 3(t) of the Master Servicing
                                      Agreement.



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                                   SIGNATURES

     Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, the Depositor has duly caused this Report to be signed on
its behalf by the undersigned, thereunto duly authorized.

                          By:      BEAR STEARNS ASSET BACKED SECURITIES, INC.,
                                   As Depositor

                                   By:         /s/ Joseph T. Jurkowski Jr.
                                      -----------------------------------------
                                      Name:    Joseph T. Jurkowski Jr.
                                      Title:   Vice President/Secretary
Date:      October 25, 2000.

     Pursuant to the requirements of the Securities Exchange Act of 1934, this
Report has been signed below by the following persons on behalf of the Depositor
and in the capacities and on the dates indicated:

<TABLE>
<CAPTION>
                       Signature                            Position                                            Date
                       ---------                            ---------                                           ----
<S>                                              <C>                                                        <C>

/s/ Patricia A. Jehle                            Chief Executive Officer/President/Director                 October 25, 2000
----------------------------------------------
Patricia A. Jehle

/s/ Juliana C. Johnson                           Director                                                   October 25, 2000
----------------------------------------------
Juliana C. Johnson

/s/ Thomas Marano                                Director                                                   October 25, 2000
----------------------------------------------
Thomas Marano

/s/ Jeffrey Mayer                                Director                                                   October 25, 2000
----------------------------------------------
Jeffrey Mayer

/s/ Samuel L. Molinaro, Jr.                      Director                                                   October 25, 2000
----------------------------------------------
Samuel L. Molinaro, Jr.
</TABLE>


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                                INDEX TO EXHIBITS
                                   Item 14(C)

Exhibit No.           Description
-----------           -----------
99.1                  Statement of Compliance of the Master Servicer pursuant
                      to Section 3(s) of the Master Servicing Agreement.

99.2                  Annual Report of Independent Accountant with respect to
                      the Master Servicer's overall servicing operations
                      pursuant to Section 3(t) of the Master Servicing
                      Agreement.


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