SECURITIES AND EXCHANGE COMMISSION
                           Washington, D.C.  20549

                                  FORM 10-K



                     Pursuant to Section 13 or 15(d) of the
                        Securities Exchange Act of 1934


(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, 1999
_______________________________  or

[   ] Transition Report Pursuant to Section 13 or 15d of the Securities
      Exchange Act of 1934
For the transition period from _____________  to ________

Commission file Number          333-68513-02

                Structured Asset Securities Corporation
(Exact name of registrant as specified in its charter)

        Delaware                                   74-2440850
(State or other jurisdiction                    (I.R.S. Employer
of incorporation or organization)                Identification No.)

200 Vesey Street
New York, New York                                                 10285

(Address of Principal Executive Offices)                         (Zip Code)

Registrant's telephone number, including area code:           (212) 526-5594

                Securities registered pursuant to Section 12(b) of the Act
                      NONE
                Securities registered pursuant to Section 12(g) of the Act

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 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.
                 X  Yes            No


                                    PART I

Item 2.  Properties
                Not applicable on reliance of Relief Letters

Item 3. Legal Proceedings
                   There were no legal proceedings.

Item 4. Submission of Matters to a Vote of Security Holders
        There were no matters submitted to a vote of the Security Holders.

                                    PART II

Item 5. Market for Registrant's Common Equity and Related Stockholder matters
        There were 45 participants in the DTC system holding
        positions in the Cede certificates.
        The following were Noteholders and Certificateholders of record
        as of the end of the reporting year.
        Structured Asset Securities Corporation,
        Mortgage Pass-Through Certificates
                Series 1999-1 Cl1-A1                            Cede & Co.
                Series 1999-1 ClAP                              Cede & Co.
                Series 1999-1 ClAX                              Cede & Co.
                Series 1999-1 Cl2-A1                            Cede & Co.
                Series 1999-1 Cl2-A2                            Cede & Co.
                Series 1999-1 Cl2-A3                            Cede & Co.
                Series 1999-1 Cl2-A4                            Cede & Co.
                Series 1999-1 Cl2-A5                            Cede & Co.
                Series 1999-1 Cl2-A6                            Cede & Co.
                Series 1999-1 Cl2-A7                            Cede & Co.
                Series 1999-1 Cl2-A8                            Cede & Co.
                Series 1999-1 Cl1-B1                            Cede & Co.
                Series 1999-1 Cl2-B1                            Cede & Co.
                Series 1999-1 Cl1-B2                            Cede & Co.
                Series 1999-1 Cl2-B2                            Cede & Co.
                Series 1999-1 Cl1-B3                            Cede & Co.
                Series 1999-1 Cl2-B3                            Cede & Co.
                Series 1999-1 Cl1-B4                            TFINN & Co.
                Series 1999-1 Cl2-B4                            TFINN & Co.
                Series 1999-1 Cl1-B5                            TFINN & Co.
                Series 1999-1 Cl2-B5                            TFINN & Co.
                Series 1999-1 Cl1-B6                            TFINN & Co.
                Series 1999-1 Cl2-B6                            TFINN & Co.

TFINN & Co.
C/O Chase Manhattan Bank- Dept 6583
P. O. BOX 50000
Outsourcing Services, Newark

        There is no established public trading market for the notes.
Item 9. Changes in and Disagreements with Accountants on Accounting and
Financial Disclosures: Information required by Item 304 of Reg. S-K.
   There were no changes in and/or disagreements with Accountants on
   Accounting and Financial Disclosures.
                                    PART IV
Item 12. Security Ownership of Certain Beneficial Owners and Management
     The Notes are represented by one or more notes registered in the name of
     of Cede & Co., the nominee of The Depository Trust Company.  An investor
     holding Notes is not entitled to receive a certificate representing such
     Note, except in limited circumstances.  Accordingly, Cede & Co. is the
     sole holder of Notes, which it holds on behalf of brokers, dealers,
     banks and other participants in the DTC system.  Such participants may
     hold Notes for their own accounts or for the accounts of their customers.
          The address of Cede & Co. is:
                Cede & Co.
                c/o The Depository Trust Company
                Seven Hanover Square
                New York, New York 10004

Item 13.  Certain Relationships and Related Transactions.
    There has not been, and there is not currently proposed, any transactions
    or series or transactions, to which any of the Trust, the Registrant,
    knowledge of the Registrant and Servicer, owns of record or beneficially
    more than five percent of the Notes.

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

                (a) 1.  Not Applicable
                    2.  Not Applicable
                    3.  Exhibits
                         99.1  Annual Summary Statement
                         99.2  Annual Statement as to Compliance.
                         99.3  Annual Independent Public
                               Accountant's Servicing Report.


                (b)   Reports on Form 8-K
The registrant has filed Current Reports on Form 8-K with the Securities and
 Exchange Commission dated: March 31, 1999; April 30, 1999; May 31, 1999;
 June 30, 1999; July 31, 1999; August 31, 1999; September 30, 1999;
 October 31, 1999; November 30, 1999; December 31, 1999.

                (c)    See (a) 3 above

                (d)    Not Applicable

                                SIGNATURES

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.

Structured Asset Securities Corporation, Mortgage Pass-Through Certificates
Series 1999-1

                /s/  Eve Kaplan
                     Vice President
                     U.S. Bank

Date            March 28, 2000
                                EXHIBIT INDEX

                Exhibit Number  Description
                         99.1   Annual Summary Statement
                         99.2   Annual Statement of Compliance
                         99.3   Report of Independent Accountants

       EXHIBIT 99.1 -- Summary of Aggregate Amounts or End of Year
       Amounts for the period ending December 31, 1999
       Structured Asset Securities Corporation,
       Mortgage Pass-Through Certificates,  Series 1999-1

              Summary of Aggregate Amounts or End of Year Amounts
                Pool Balance                        798477821.66
                Principal       Collections          35458838.40
                Realized Loss                               0.00
                Interest        Collections          50542574.48
                Servicer        Fees                  1708423.23






                Delinquency Report          Number   Stated Principal Bal
                30-59 days                     5      1448708.28
                60-89 days                     0            0.00
                90+ days                       0            0.00
                Foreclosures                   0            0.00
                Bankruptcies                   0            0.00
                REO Properties                 0            0.00


Certificate                          Balance         Interest        Principal

Class           1-A1                 94592439.56      5137117.57      7531560.44
Class           AP                    1614468.39            0.00        43361.04
Class           AX                    3926422.14       217602.86            0.00
Class           2-A1                237111923.27     13257502.88     12888076.74
Class           2-A2                  1486475.64            0.00      1022514.47
Class           2-A3                 21457000.00      1162254.20            0.00
Class           2-A4                   132100.00            0.00            0.00
Class           2-A5                 21452108.67            0.00            0.00
Class           2-A6                115194841.13      6396064.85      4805158.87
Class           2-A7                116000600.00      6283365.80            0.00
Class           2-A8                161536703.57      9005770.29      7917096.43
Class           1-B1                   703883.29        37388.01        25116.71
Class           2-B1                 13019764.15       708679.28       114235.85
Class           1-B2                   352424.41        18719.63        12575.59
Class           2-B2                  6510873.39       354393.61        57126.62
Class           1-B3                   252007.60        13385.84         8992.40
Class           2-B3                  2893611.35       157502.27        25388.65
Class           1-B4                   200833.64        10667.63         7166.36
Class           2-B4                  2893611.35       157502.27        25388.65
Class           1-B5                   150625.22         8000.73         5374.78
Class           2-B5                  1084484.70        59029.62         9515.30
Class           1-B6                   202146.10        10737.34         7213.13
Class           2-B6                  1808999.20        98465.71        15872.20





       EXHIBIT 99.2 -- Servicer's Annual Statement of Compliance
                To be supplied upon receipt by the Trustee

       EXHIBIT 99.3 -- Report of Independent Auditors
                To be supplied upon receipt by the Trustee