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, 1997

/   /  Transition report pursuant to section 13 or 15(d) of the Securities
       Exchange Act of 1934

Commission File No.:  333-99598-03



                       Structured Asset Securities Corporation,
               Mortgage Pass-Through Certificates, Series 1997-01 Trust
                (Exact name of registrant as specified in its charter)

New York                                             52-2021025
(State or other jurisdiction                        (I.R.S. Employer
of incorporation or organization)                   Identification No.)


c/o Norwest Bank Minnesota, N.A.
11000 Broken Land Parkway
Columbia, MD                                         21044
(Address of principal executive                     (Zip Code)
offices)

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, 1998,  on behalf of
Structured Asset Securities  Corporation,  Mortgage  Pass-Through  Certificates,
Series  1997-01  Trust (the  "Trust"),  established  pursuant  to a Pooling  and
Servicing Agreement among Structured Asset Securities Corporation,  as Depositor
and Norwest Bank  Minnesota,  N.A., as Trustee,  pursuant to which the Structure
Asset Securities Corporation, Mortgage Pass-Through Certificates, Series 1997-01
Trust  registered  under the  Securities Act of 1933 (the  "Certificates")  were
issued.

Item 14 of the  Original  Form 10-K is amended to read in its entirety 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, 1997.

               (a)  Boston Safe & Deposit Trust Company, as Servicer <F1>

          99.2  Report of Management  as to  Compliance  with Minimum  Servicing
                Standards for the year ended  December 31, 1997.

               (a)  Boston Safe & Deposit Trust Company, as Servicer <F1>

          99.3  Annual Statements of Compliance  under the Pooling and Servicing
                Agreements for the year ended  December 31, 1997.

               (a)  Boston Safe & Deposit Trust Company, as Servicer <F1>

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

     (b)  On October 20, 1997, November 19, 1997, and December 16, 1997, 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:


Structure Asset Securities Corporation,
Mortgage Pass-Through Certificates, Series 1997-01 Trust

By:     NORWEST BANK MINNESOTA, N.A.,
        as Trustee
By:     /s/Sherri J. Sharps

By:     Sherri J. Sharps
Title:  Vice President -- Securities Administration Services
Dated:  2/10/2000




EXHIBIT INDEX

Exhibit No.

99.1 Annual  Independent  Accountants'  Servicing Reports  concerning  servicing
     activities for the year ended December 31, 1997.

     (a)  Boston Safe & Deposit Trust Company, as Servicer <F1>

99.2 Report of Management as to Compliance with Minimum Servicing  Standards for
     the year ended December 31, 1997.

     (a)  Boston Safe & Deposit Trust Company, as Servicer <F1>

99.3 Annual Statements of Compliance for the year ended December 31, 1997.

     (a)  Boston Safe & Deposit Trust Company, as Servicer <F1>

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

<F1>  Filed herewith.

<F2> Previously filed.