|Exhibit 99.5 Holders of Record, holding 5% or more of the outstanding balance for Structured Asset Securities Corporation (as Depositor under the Trust Agreement, dated as of May 1, 2004, providing for the issuance of  Structured Asset Securities Corporation, Mortgage Pass-Through Certificates, Series 2004-11XS) as reflected in the security position listing as of December 31, 2004 provided by DTC.  Class
Name and Address of Holder


Amount Held
% Class
1-A1A
Mellon Trust



65,000,000
100%

525 William Penn Place, Suite 3418

Pittsburgh, PA 15259
1-A1B
JP Morgan CBNA



47,275,000
74%

14201 Dallas Parkway, Twelfth Floor Dallas, TX  75254

Citibank




14,000,000
22%

3800 Citibank Center B3-15

Tampa, FL 33610
1-A1C
Northern Trust



1,415,000
12%

801 S. Canal C-IN

Chicago, IL  60607

US Bank NA




719,000
6%

1555 N. Rivercenter Drive, Suite 0300

Milwaukee, WI  53212

LaSalle Bank




1,110,000
9%

135 South LaSalle Street

Chicago, IL  60603

SSB&T CO




1,681,000
14%

1776 Heritage Drive

Global Corporate Action Unit JAB 5NW

No. Quincy, MA  02171

COMERICA




2,420,000
21%

411 West LaFayette

Mail Code 3404

Detroit, MI  48226

Union Bank




2,500,000
21%

530 B St, Suite 242

San Diego, CA  92101
1-A2
HSBC BK/OM



18,635,000
100%

140 Broadway - Level A

New York, NY  10015
1-A3A
The Bank of New York


15,500,000
100%

One Wall Street

New York, NY 10286
1-A3B
The Bank of New York


8,011,000
24%

One Wall Street

New York, NY 10286
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|
|JP Morgan CBNA



25,000,000
76%

14201 Dallas Parkway, Twelfth Floor Dallas, TX  75254
1-A4A
Citibank




2,000,000
5%

3800 Citibank Center B3-15

Tampa, FL 33610

LHMNGV/LBI



17,204,000
50%

70 Hudson Street

Jersey City, NJ  07302

SSB&T CO




3,215,000
9%

1776 Heritage Drive

Global Corporate Action Unit JAB 5NW

No. Quincy, MA  02171

JP Morgan CBNA



5,115,000
14%

14201 Dallas Parkway, Twelfth Floor Dallas, TX  75254
1-A4B
LaSalle Bank




5,000,000
50%

135 South LaSalle Street

Chicago, IL

US Bank NA




5,000,000
50%

1555 N. Rivercenter Drive, Suite 0300

Milwaukee, WI  53212
1-A5A
LaSalle Bank




13,115,000
100%

135 South LaSalle Street

Chicago, IL
1-A5B
Bank of New York



16,263,000
100%

One Wall Street

New York, NY  10286
1-A6
Bank of New York



31,222,000
100%

One Wall Street

New York, NY  10286
1-M 1
Mellon Trust




4,950,000
62%

525 William Penn Place, Suite 3418

Pittsburg, PA 15259

UMB BK, NA




3,000,000
38%
928 Grand Blvd.

Kansas City, MO  64106
1-M 2
JP Morgan CBNA



5,963,000
100%

14201 Dallas Parkway, Twelfth Floor Dallas, TX  75254                                                                                                                                                                                                                                                                                                                                                                                        
|
|2-A1
SSB&T CO




20,423,000
100%

1776 Heritage Drive

Global Corporate Action Unit JAB 5NW

No. Quincy, MA  02171
2-A2
Bank of New York



71,052,000
100%

One Wall Street

New York, NY  10286
2-M 1
LHMNGV/LBI



1,386,000
100%

70 Hudson Street

Jersey City, NJ  07302
2-M 2
JP Morgan CBNA



1,386,000
100%

14201 Dallas Parkway, Twelfth Floor Dallas, TX  75254
M3
SSB&T CO




5,193,000
100%

1776 Heritage Drive

Global Corporate Action Unit JAB 5NW

No. Quincy, MA  02171                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 
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