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.:   333-68513-10


         Amortizing Residential Collateral Mortgage Trust
             Mortgage Pass-Through Certificates
                  Series 2000-BC1 Trust
      (Exact name of registrant as specified in its charter)



New York                           52-2222361
                                   52-2222362
                                   52-2222363
(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
Amortizing Residential Collateral Mortgage Trust 2000-BC1 established  pursuant
to the Trust Agreement among Structured Asset Securities Corp. as Depositor,
Norwest Bank Minnesota, National Association as Master Servicer, and First Union
National Bank, as Trustee, pursuant to which the Amortizing Residential
Collateral Mortgage Trust Series 2000-BC1 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)   Ameriquest Mortgage <F1>
                     b)   Aurora Loan Services <F1>
                     c)   Life Savings Bank <F1>
                     d)   Ocwen Federal Bank FSB <F1>
                     e)   Option One  <F1>

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

                     a)   Ameriquest Mortgage <F1>
                     b)   Aurora Loan Services Inc.<F1>
                     c)   Life Savings Bank <F1>
                     d)   Ocwen Federal Bank FSB <F1>
                     e)   Option One      <F3>

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

                     a)  Ameriquest Mortgage <F1>
                     b)  Aurora Loan Services Inc.<F3>
                     c)  Life Savings Bank <F1>
                     d)  Ocwen Federal Bank FSB <F1>
                     e)  Option One    <F3>

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

            (b)  On November 8, 2000, and December 11, 2000, and January 9, 2001
                 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.
<F3>  Such document is not filed herewith since document was not
      received by the reporting person.

                           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:

Amortizing Residential Collateral Mortgage Trust
Mortgage Pass-Through Certificates
Series  2000-BC1 Trust

Signed:   First Union National Bank, as Trustee

By:   Stephanie Purdy, Officer
By:  /s/  Stephanie Purdy, Officer

Dated:  August 15, 2002


Exhibit Index

Exhibit No.

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

                     a)   Ameriquest Mortgage <F1>
                     b)   Aurora Loan Services Inc. <F1>
                     c)   Life Savings Bank <F1>
                     d)   Ocwen Federal Bank FSB <F1>
                     e)   Option One <F1>

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

                     a)   Ameriquest Mortgage <F1>
                     b)   Aurora Loan Services Inc. <F1>
                     c)   Life Savings Bank <F1>
                     d)   Ocwen Federal Bank FSB <F1>
                     e)   Option One <F3>

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

                     a)  Ameriquest Mortgage <F1>
                     b)  Aurora Loan Services <F3>
                     c)  Life Savings Bank <F1>
                     d)  Ocwen Federal Bank FSB <F1>
                     e)  Option One <F3>

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

<F1>  Filed herewith.
<F2>  Previously filed.
<F3>  Such document is not filed herewith since document was not
      received by the reporting person.


   EX-99.1 (a)

Deloitte & Touche LLP
Suite 1200
695 Town Center Drive
Costa Mesa, California 92626-1924

Tel: (714) 436-7100
Fax: (714) 436-7200
www.us.deloitte.com

Deloitte & Touche   (logo)



INDEPENDENT ACCOUNTANTS' REPORT

To Ameriquest Mortgage Company:

We have examined  management's  assertion about  Ameriquest  Mortgage  Company's
compliance  with the minimum  servicing  standards  identified  in the  Mortgage
Bankers Association of America's Uniform Single Attestation Program for Mortgage
Bankers (USAP) as of and for the year ended  December 31, 2000,  included in the
accompanying  management  assertion.  Management is  responsible  for Ameriquest
Mortgage  Company's  compliance  with those  minimum  servicing  standards.  Our
responsibility  is to express an opinion  on  management's  assertion  about the
entity'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  Ameriquest  Mortgage  Company's
compliance  with the  minimum  servicing  standards  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 Ameriquest  Mortgage Company's  compliance
with the minimum servicing standards.

In our opinion, management's assertion that Ameriquest Mortgage Company complied
with the aforementioned minimum servicing standards as of and for the year ended
December 31, 2000, is fairly stated, in all material respects.

      Deloitte & Touche LLP

      March 2, 2001

       Deloitte   (logo)
         Touche
       Tohmatsu

Carlsbad * Las Vegas * Los Angeles * Phoenix * Reno * San Diego


   EX-99.1 (b)

(LOGO) ERNST & YOUNG

Ernst & Young LLP
Suite 3300
370 17th Street
Denver, Colorado 80202-5663

Phone: (720) 931-4000
Fax: (720) 931-4444
www.ey.com

Report on Management's Assertion on Compliance
with Minimum Servicing Standards Set Forth in the
Uniform Single Attestation Program for Mortgage Bankers

Report of Independent Accountants


The Board of Directors
Aurora Loan Services Inc.

We have examined  management's  assertion,  included in the accompanying  report
titled Report of  Management,  that Aurora Loan  Services  Inc. (the  "Company")
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 November 30, 2000.  Management is responsible for
the Company's  compliance  with those  requirements.  Our  responsibility  is to
express an opinion on  management's  assertions  about the Company's  compliance
based on our examination.

Our examination was made in accordance with attestation standards established by
the  American  Institute  of  Certified  Public  Accountants  and,  accordingly,
included  examining,  on a test basis,  evidence about the Company'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 the Company's compliance with specified requirements.

In our  opinion,  management's  assertion,  that the Company  complied  with the
aforementioned  requirements  during the year ended November 30, 2000, is fairly
stated, in all material respects.

   Ernst & Young LLP

   December 28, 2000


Ernst & Young LLP is a member of Ernst & Young International,Ltd.


   EX-99.1 (c)

    Deloitte
    & Touche  (logo)


    Deloitte & Touche LLP
    Suite 3900
    111 S.W. Fifth Avenue
    Portland, Oregon 97204-3642

    Tel: (503) 222-1341
    Fax: (503) 224-2172
    www.us.deloitte.com



      INDEPENDENT ACCOUNTANTS' REPORT

     To Wilshire Credit Corporation:


     We have examined management's assertion about Wilshire Credit Corporation's
     (the "Company"), a majority-owned subsidiary of Wilshire Financial Services
     Group Inc., compliance with the minimum servicing standards identified in
     the Mortgage Bankers Association of America's Uniform Single Attestation
     Program for Mortgage Bankers (USAP) as of and for the year ended December
     31, 2000, included in the accompanying management assertion.  Management is
     responsible for the Company's compliance with those minimum servicing
     standards.  Our responsibility is to express an opinion on management's
     assertion about the entity'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 the Company's
     compliance with the minimum servicing standards 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 the Company's
     compliance with the minimum servicing standards.

     In our opinion, management's assertion that the Company complied with the
     aforementioned  minimum servicing standards as of and for the year ended
     December 31, 2000 is fairly stated, in all material respects.

     March 23, 2001



    EX-99.1 (d)

    PRICEWATERHOUSECOOPERS   (logo)

    PricewaterhouseCoopers LLP
    200 East Las Olas Boulevard
    Suite 1700
    Ft. Lauderdale FL 33301
    Telephone (954) 764 7111
    Facsimile (954) 525 4453

          INDEPENDENT CERTIFIED PUBLIC ACCOUNTANT'S REPORT

    To the Board of Directors of
    Ocwen Federal Bank FSB

    We have examined management's assertion, included in the accompanying
    Management Assertion on Compliance with USAP, that, except for the
    noncompliance related to account reconciliations and interest on escrows
    described in the third paragraph, Ocwen Federal Bank FSB ("the Bank")
    complied with the minimum servicing standards identified in the Mortgage
    Bankers Association of America's ("MBA's") Uniform Single Attestation
    Program for Mortgage Bankers ("USAP') as of and for the year ended December
    31, 2000. Management is responsible for the Bank's compliance with those
    minimum servicing standards. Our responsibility is to express an opinion on
    management's assertion about the Bank'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 the Bank's compliance
    with the minimum servicing standards and performing such other procedures
    as we consider 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 the Bank's compliance with
    the minimum servicing standards.

    Our examination disclosed noncompliance with minimum servicing standards
    related to account reconciliations and interest on escrows applicable to the
    Bank during the year ended December 31, 2000. Such noncompliance is
    described in the accompanying Management Assertion on Compliance with USAP.

    In our opinion, management's assertion that the Bank complied with the
    aforementioned minimum servicing standards, except for noncompliance as
    described in the accompanying Management Assertion on Compliance with USAP,
    as of and for the year ended December 31, 2000 is fairly stated, in all
    material respects.



    PricewaterhouseCoopers LLP
    Fort Lauderdale, Florida
    March 30, 2001


   EX-99.1 (e)

    PRICEWATERHOUSECOOPERS (logo)

    PricewaterhouseCoopers LLP
    4675 MacArthur Court Suite 1600
    Newport Beach CA 92660-9881
    Telephone (949) 251 7200
    Facsimile (949) 474 4382



    Report of Independent Accountants

    To Option One Mortgage Corporation

    We have examined management's assertion about Option One Mortgage
    Corporation's compliance with the minimum servicing standards identified
    in the Mortgage Bankers Association of America's Uniform Single Attestation
    Program for Mortgage Bankers ("USAP") as of and for the year ended
    April 30, 2000 included in the accompanying management assertion.
    Management is responsible for Option One Mortgage Corporation's
    compliance with those minimum servicing standards. Our responsibility
    is to express and opinion on management's assertion about the entity'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 Option One Mortgage
    Corporation's compliance with the minimum servicing standards 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 Option One
    Mortgage Corporation's compliance with the minimum servicing standards.

    In our opinion, management's assertion that Option One Mortgage Corporation
    complied with the aforementioned minimum servicing standards as of and for
    the year ended April 30, 2000 is fairly stated, in all material respects.



    Pricewaterhouse Coopers LLP
    June 12, 2000

   EX-99.2 (a)



AMERIQUEST MORTGAGE COMPANY    (LOGO)


March 2, 2001


Deloitte & Touche LLP
695 Town Center Drive
Suite 1200
Costa Mesa, CA 92626


As of and for the year ended December 31, 2000,  Ameriquest Mortgage Company has
complied in all material respects with the minimum servicing standards set forth
in the Mortgage  Bankers  Association of America's  Uniform  Single  Attestation
Program  for  Mortgage  Bankers.  As of and for  this  same  period,  Ameriquest
Mortgage  Company had in effect a fidelity bond in the amount of $10,000,000 and
an errors and omissions policy ranging from $6,425,000 to $10,000,000.


    Kirk Langs
    President

    Elaine Markell
    Executive Vice President
    Loan Servicing

    John P. Grazer
    Executive Vice President
    Chief Financial Officer


1100 Town and Country Road, 11th Floor, Orange, California 92868
(714) 564-0600 Fax (714) 558-0783


   EX-99.2 (b)

ALS     (logo)
AURORA LOAN
SERVICES INC

Corporate Headquarters / 2530 S. Parker Rd., Suite 601 / Aurora, CO 80014
Phone: 303-632-3000 800-880-0128 / fax: 303-632-3001



December 28, 2000

Ernst & Young LLP
370 17th Street, Suite 4300
Denver, CO 80202


In connection with your compliance attestation engagement relating to our
assertion about Aurora Loan Services Inc.'s (the "Company') compliance with the
minimum servicing standards as set forth in the Mortgage Bankers Association of
America's Uniform Single Attestation Program for Mortgage Bankers ("USAP") as of
November 30, 2000 and for the year then ended, we recognize that obtaining
representations from us concerning the information contained in this letter is a
significant procedure in enabling you to form an opinion on whether our
assertion about the Company's compliance with the minimum servicing standards as
set forth in the USAP is fairly stated in all material respects. Accordingly, we
make the following representations with respect to our compliance with the
minimum servicing  requirements as set forth in the USAP as of November 30, 2000
and for the year then ended, which are true to the best of our knowledge and
belief.

We acknowledge that, as members of management of the Company, we are responsible
for complying with the minimum servicing  standards as set forth in the USAP. We
are also responsible for establishing and maintaining effective internal control
over compliance with these standards.  We have performed an evaluation of the
Company's compliance with the minimum servicing standards referred to above as
of November 30, 2000 and for the year then ended. Based on this evaluation, the
Company has complied with the minimum  servicing  standards as set forth in the
USAP.

There has been no known  noncompliance with minimum servicing  standards for the
November 30, 2000 through the date of your attestation examination report.

As of and for this same period, the Company had in effect a fidelity bond and
errors and omissions policy in the amount of $15,000,000 and $20,000,000,
respectively.

We have made available to you all documentation related to compliance with the
minimum servicing standards.

There has been no fraud involving  management or employees who have significant
roles in internal control over compliance with the minimum servicing standards.
There has been no fraud involving other employees that could have a material
effect on compliance with the minimum servicing standards.

There have been no communications from regulatory agencies concerning possible
noncompliance with the minimum servicing standards for the year ended November
30, 2000 and through the date of your attestation examination report.

No events or  transactions have occurred since November 30, 2000 or are pending
that would have an effect on our compliance with minimum servicing  standards at
that date or for the year then ended.

We understand that your examination was conducted in accordance with attestation
standards established by the American Institute of Certified Public Accountants
and was, therefore, designed primarily for the purpose of expressing an opinion
on whether our assertion is fairly stated in all material respects based on
criteria established by the Mortgage Bankers Association of America and that
your procedures were limited to those that you considered necessary for that
purpose.

Very truly yours,

Ralph A. Lenzi III
Chief Executive Officer

Rick W. Skogg
President

Barry M. Hansen
Chief Financial Officer


   EX-99.2 (c)

WILSHIRE FUNDING COPRORATION      (logo)

P.O. Box 8517 * Portland, Oregon 97207-8517 * (888) 502-0100
fax (503) 952-7476 * www.wfsg.com



                    MANAGEMENT'S ASSERTION ON MINIMUM SERVICING
                                     STANDARDS


        As of and for the year ended December 31, 2000, Wilshire Funding and
        Subsidiaries has complied in all material respects with the minimum
        servicing standards set forth in the Mortgage Banker's Association of
        America's Uniform Single Attestation Program for Mortgage Bankers. As of
        and for this same period, Wilshire Funding Corporation and Subsidiaries
        had in effect a fidelity bond in the amount of $10,000,000.00 and an
        errors and omission policy in the amount of $5,000,000.00.

        Jay Memmott
        Vice President/Chief Servicing Officer
        March 23,2001

        Bruce Weinstein
        Chief Financial Officer
        March 23, 2001



   EX-99.2 (d)

    0 C W E N     (logo)


              MANAGEMENT ASSERTION ON COMPLIANCE WITH USAP




    March 30,2001

    As of and for the year ended December 31, 2000, except as specifically noted
    below, Ocwen Federal Bank FSB (the  "Bank") has complied in all material
    respects with the minimum servicing standards set forth in the Mortgage
    Bankers Association of America's ("MBA's") Uniform Single Attestation
    Program for Mortgage Bankers ("USAP").

      Standard:  Reconciliations shall be prepared on a monthly basis for all
      custodial bank accounts and related bank clearing accounts.  These
      reconciliations shall be mathematically accurate, be prepared
      within fortyfive (45) calendar days of the cutoff date; be reviewed and
      approved by someone other than the person who prepared the reconciliation;
      and document explanations for reconciling items.  These reconciling items
      shall be resolved within ninety (90) calendar days of their original
      identification.

      Certain reconciling items which arose during the year ended December 31,
      2000 were not specifically identified and/or were not cleared within 90
      days of their original identification.  Management has developed and
      implemented an action plan and continues to resolve outstanding
      reconciling items.  All significant reconciling items have been isolated
      and reviewed by the Company, and the Company believes these items will not
      have a material impact on the status of any custodial accounts.

      Standard: Interest on escrow accounts shall be paid, or credited, to
      mortgagors in accordance with the applicable state laws.

      Interest on escrow accounts in one state was not paid, or credited, to
      mortgagors in accordance with the applicable state law during the year
      ended December 31, 2000.  Interest in escrow was paid on an annual basis
      rather than on a quarterly basis.

    As of and for this same period, the Bank had in effect a fidelity bond in
    the amount of $15,000,000 and an errors and omissions policy in the amount
    of $10,000,000.

    Ronald M. Faris
    President

    Scott W. Anderson
    Vice President of Residential Assets

    Arthur J. Castner
    Vice President, Mortgage & Servicing Operations

    James D. Campbell
    Director of Investor Reporting


   EX-99.3 (a)

   AMERIQUEST MORTGAGE COMPANY  (logo)

To Distribution List

Re: Officer's Certificate

Dear Sir/Madam:

The undersigned Officer certifies the following for the 2000 fiscal year.

(A)    I have reviewed the activities and performance of the Servicer during the
       preceding fiscal year under the terms of the applicable Servicing
       Agreement, Trust Agreement, Pooling and Servicing Agreement and/or
       Seller/Servicer Guide and to the best of this Officer's knowledge, the
       Servicer has fulfilled all of its duties, responsibilities or obligations
       under these Agreements throughout such year, or if there has been a
       default or failure of the servicer to perform any of such duties,
       responsibilities or obligations, a description of each default or
       failure and the nature and status thereof has been reported as
       appropriate and is set forth below.

       Exceptions:

       (None)


(B)    The Servicer is currently an approved FNMA or FHLMC servicer in good
       standing;

(C)    The Fidelity Bond and the Errors and Omissions Insurance Policy required
       under the terms of the applicable Servicing Agreement, Trust Agreement,
       Pooling and Servicing Agreement and/or Seller/Service Guide are in full
       force and effect and a copy of the related declaration page evidencing
       such policy is enclosed herewith;

(D)    All Custodial Accounts have been reconciled in accordance with the terms
       of the applicable Servicing Agreement, Trust Agreement, Pooling and
       Servicing Agreement and/or Seller/Servicer Guide.

This certification covers the period of January 1, 2000 through December
31, 2000.

AMERIQUEST MORTGAGE COMPANY

By:  Elaine Markell
Title: Executive Vice President,




   EX-99.3 (c)

    WILSHIRE CREDIT CORPORATION   (logo)
    1776 S.W. Madison Street
    Portland, Oregon 97205
    (503) 223-5600

    Wells Fargo Bank Minnesota, N.A.
    11000 Broken Land Parkway
    Columbia, MD 21044-3562
    Attention: Compliance Department
    Re: Officer's Certificate
    Dear Master Servicer:

    The undersigned Officer certifies the following for the 2000 fiscal year.

   (i) A review of the activities of the Servicer during the preceding fiscal
       year and of the Servicer's performance of the Servicer under the terms
       of the Servicing Agreement with respect to such Loans has been made under
       the supervision of the officer who signed such Officer's Certificate;

 (ii)  To the best of such officer's knowledge, based on such review, the
       Servicer has fulfilled all its obligations under this Agreement
       throughout such year, or if there has been a default in the fulfillment
       of any such obligation, such Officer's Certificate shall specify each
       such default known to such signer and the nature and status thereof and
       what action the Servicer proposes to take with respect thereto.



       Certified By:

       Officer David Hardy

       Title Vice President


       Date





            TOLL FREE PHONE: (800) 776-0100 TOLL FREE FAX: (800) 776-6599
             FAX: (503) 223-8799 TELEX: 376-2848 TO: EASYPLEX: 75716,1350


   EX-99.3( d)   Ocwen Federal Bank FSB



    0 C W E N    (logo)



    OFFICER'S CERTIFICATION ON ANNUAL STATEMENT AS TO COMPLIANCE


    March 30, 2001

    Pursuant to the applicable sections of the Servicing Agreements, I, Scott W.
    Anderson as officer of Ocwen Federal Bank FSB (the "Bank") confirm that a
    review of the activities of the Bank ended December 31, 2000 and of
    performance under the Servicing  Agreements has been made under my
    supervision. To the best of my knowledge, based on such review, the Bank has
    fulfilled all of its obligations under the Servicing Agreements throughout
    the period, other than as noted in the Management Assertion on Compliance
    With USAP.

    Scott W. Anderson

    Vice President Residential Assets