SECURITIES AND EXCHANGE
                   COMMISSION Washington,
                   D.C.  20549 ___________________________

                          FORM 8-K

                       CURRENT REPORT

              PURSUANT TO SECTION 13 OR 15 (d)

           OF

               THE SECURITIES EXCHANGE ACT OF

               1934

Date of Report (Date of earliest event reported)  June 25,
                            1996
   Structured Asset Securities Corporation, Series 19952
   (Exact name of registrant as specified in its charter)
Delaware                 33-48771            74-2440850
(State or other jurisdiction       (Commission
(IRS Employer
of incorporation or           File Number)
Identification
organization)
Number)


200 Vesey Street
New York, New York
10285-
0800
(Address of principal executive offices)
(Zip Code)

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


         Structured Asset Securities, Series 1995-2
                        Form 8-K
                        INDEX
                          
                          
                                             Page
Number

     Item 5.        Other Events
3

     Item 7.        Financial Statements and Exhibits
3

SIGNATURES                                        4
INDEX OF EXHIBITS                                 5



ITEM 5. OTHER EVENTS

The Structured Asset Securities Corporation, Series
1995 2
makes monthly remittances to security holders.  The
latest remittance was made June 25, 1996.  We have
furnished a
monthly remittance statement delivered to the trustee
with security holder payment instructions.
Monthly Remittance
Statement.............................................
 .. .. .. ......Exhibit 21.1

ITEM 7.  FINANCIAL STATEMENTS AND EXHIBITS

     Exhibits
21.1 Monthly Remittance Statement dated as of June 25,
1996.





                      SIGNATURES

     Pursuant to the requirements 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, Series 1995-2
                     (Registrant)
                           
                         By:  Lehman Brothers
                         Name:     Michael J. O'Hanlon
                         Title:    Managing Director
                         
                         
                   INDEX OF EXHIBITS
                           
                           
                                        Page of
                                        Sequentially
                                        Numbered Pages
                                        
                                        
21.1 Monthly Remittance Statement dated
6-
14
     as of June 25, 1996.




                                           Structured
Asset Securities Corporation Series 1995-02
Norwest Bank Minnesota, N.A.
Contact:                         Andy Rosenfeld
Securities Administration Services
Reporting   Month:           May 1996
Phone:                           (410)
884-
2114
11000 Broken Land Parkway
Distribution Date:      June 25, 1996
InvestorDirect:                  (800)
605-
4167
Columbia, MD 21044-7800


EXHIBIT 21.1              PAGE 6
Structured Asset Securities Corporation Series 1995-
02 Norwest Bank Minnesota, N.A.
Contact:                         Andy Rosenfeld
Securities Administration Services
Reporting   Month:           May 1996
Phone:                           (410)
884-
2114
11000 Broken Land Parkway
Distribution Date:      June 25, 1996
InvestorDirect:                  (800) 605-4167
Columbia, MD 21044-7800


Series Structure Summary


Aggregate Realized
Aggregate
Ending
         Class
Original Principal                     Losses
Principal
Aggregate Interest      Undistributed      Principal
Class    Description    Principal Type   Interest Type
Balance Pass Through Rate  Balance Reduction Shortfall
Principal         Factor
______________________________________________________
__ __ __
______________________________________________________
__ __ __
_______________________________________________ I-A
Senior              Shift Interest       WANR
149,022,521.00       7.05948631%               0.00
0.00               0.00   0.9375640191
I-B1     Subordinate    Prorata          WANR
12,606,143.00       7.05948631%
0.00
0.00               0.00   0.9995126598
I-B2     Subordinate    Prorata          WANR
8,554,169.00       7.05948631%
0.00
0.00               0.00   0.9995126610
I-B3     Subordinate    Prorata          WANR
4,051,975.00       7.05948631%
0.00
0.00               0.00   0.9995126599
I-B4     Subordinate    Prorata          WANR
1,890,921.00       7.05948631%
0.00
0.00               0.00   0.9995126555
I-B5     Subordinate    Prorata          WANR
3,961,930.12       7.05948631%
135,242.98
0.00               0.00   0.9653770269
II-A     Senior         Shift Interest
Reduced
PT
74,075,139.00       7.43618223%
0.00
0.00               0.00   0.7625326268
II-AX    Senior         Interest Only
Notional
IO
0.00       0.08000000%               0.00
0.00
0.00   0.0000000000
II-B1    Subordinate    Prorata
Reduced
PT
812,312.00       7.61618223%
0.00
0.00               0.00   0.9905165257
II-B2    Subordinate    Prorata
Reduced
PT
850,994.00       7.61618223%
0.00
0.00               0.00   0.9905165371
II-B3    Subordinate    Prorata
Reduced PT
386,815.00       7.61618223%
0.00
0.00               0.00   0.9905165518
II-B4    Subordinate    Prorata
Reduced PT
1,237,809.35       7.61618223%
0.00
0.00               0.00   0.9905165121
R        Residual       Priority Pay
WANR
100.00       0.00000000%
0.00
0.00               0.00   0.0000000000
R-1      Residual       Residual         Residual
0.00       0.00000000%               0.00
0.00
0.00   0.0000000000
R-2      Residual       Residual         Residual
0.00       0.00000000%               0.00
0.00
0.00   0.0000000000
______________________________________________________
__ __ __
______________________________________________________
__ __ __
_______________________________________________ Totals
257,450,828.47                           135,242.98
0.00               0.00   0.8948286187
Report  1
   06/20/96 -- 12:31am
Page  1 of  1

EXHIBIT 21.1                     PAGE 7
                                           Structured
Asset Securities Corporation Series 1995-02
Norwest Bank Minnesota, N.A.
Contact:                         Andy Rosenfeld
Securities Administration Services
Reporting   Month:           May 1996
Phone:
(410) 884-2114
11000 Broken Land Parkway
Distribution Date:      June 25, 1996
InvestorDirect:                  (800)
605-
4167
Columbia, MD 21044-7800


Class Distribution Summary


Beginning
Principal             Ending
                              Pass Through
Principal Total Interest    Total Principal
Balance          Principal              Total
Class      Record Date                Rate
Balance       Distribution       Distribution
Reduction            Balance
Distribution
______________________________________________________
__ __ __
______________________________________________________
__ __ __ ____________________________________
I-A        05/31/1996          7.05948631%
141,371,308.89         802,183.78
1,682,645.41
0.00     139,718,153.72       2,484,829.19
I-B1       05/31/1996
7.05948631%
12,603,407.89          71,515.56
6,037.46
0.00      12,599,999.52
77,553.02
I-B2       05/31/1996
7.05948631%
8,552,313.05          48,528.43
4,096.85
0.00       8,550,000.22
52,625.28
I-B3       05/31/1996
7.05948631%
4,051,095.86          22,987.15
1,940.61
0.00       4,050,000.31
24,927.76
I-B4       05/31/1996
7.05948631%
1,890,510.73          10,727.34
905.62
0.00       1,889,999.47
11,632.96
I-B5       05/31/1996
7.05948631%
3,961,070.51          22,476.32
1,897.49
135,242.98       3,824,756.32
24,373.81
II-A       05/31/1996          7.43618223%
58,487,400.02         362,435.80
2,002,689.70
0.00      56,484,710.32       2,365,125.50
II-
AX         05/31/1996
0.08000000%
0.00           4,116.49
0.00
0.00               0.00
4,116.49
II-B1      05/31/1996          7.61618223%
805,394.77           5,111.69
786.31
0.00         804,608.46           5,898.00
II-B2      05/31/1996          7.61618223%
843,747.39           5,355.11
823.76
0.00         842,923.63           6,178.87
II-B3      05/31/1996          7.61618223%
383,521.09           2,434.14
374.43
0.00         383,146.66           2,808.57
II-B4      05/31/1996          7.61618223%
1,227,268.79           7,789.25
1,198.19
0.00       1,226,070.60           8,987.44
R          05/31/1996
0.00000000%
0.00               0.00
0.00
0.00               0.00
0.00
R-1        05/31/1996
0.00000000%
0.00               0.00
0.00
0.00               0.00
0.00
R-2        05/31/1996
0.00000000%
0.00               0.00
0.00
0.00               0.00
0.00
______________________________________________________
__ __ __
______________________________________________________
__ __ __ ____________________________________
Totals
234,177,038.99       1,365,661.06       3,703,395.83
135,242.98     230,374,369.23       5,069,056.89



























Report  2
   06/20/96 -- 12:31am
Page  1 of  1


EXHIBIT 21.1                            PAGE 8

                                       Structured
Asset Securities Corporation Series 1995-02
Norwest Bank Minnesota, N.A.
Contact:                         Andy Rosenfeld
Securities Administration Services
Reporting
Month:           May 1996             Phone:
(410) 884-2114
11000 Broken Land Parkway
Distribution
Date:      June 25, 1996             InvestorDirect:
(800) 605-4167
Columbia, MD 21044-7800

                                          Class
Distribution Per 1,000 of Original Balance
Total Other

Total Interest Scheduled       Principal Total
Principal Principal          Ending

Distribution       Principal    Distribution
Distribution
Balance       Principal
Class            Cusip               Original Balance
Factor          Factor          Factor          Factor
Reduction          Factor
______________________________________________________
__ __ __
______________________________________________________
__ __ __ _____________________________
I-A              863572FZ1             149,022,521.00
5.38297014      0.45443930     10.83677627
11.29121557
(0.19789116)    0.9375640191
I-B1             863572GB3              12,606,143.00
5.67307225      0.47892999      0.00000000
0.47892999
(0.20855626)    0.9995126598
I-B2             863572GC1               8,554,169.00
5.67307356      0.47893022      0.00000000
0.47893022
(0.20855562)    0.9995126610
I-B3             863572GD9               4,051,975.00
5.67307301      0.47892941      0.00000000
0.47892941
(0.20855509)    0.9995126599
I-B4             863572GH0               1,890,921.00
5.67307677      0.47893064      0.00000000
0.47893064
(0.20855446)    0.9995126555
I-B5             863572GJ6               3,961,930.12
5.67307330      0.47893071      0.00000000
0.47893071
33.92707492    0.9653770269
II-A             863572GE7              74,075,139.00
4.89281296      0.77086173     26.26506054
27.03592227
0.00000000    0.7625326268
II-AX            863572GG2                       0.00
N/A             N/A             N/A             N/A
N/A             N/A
II-B1            863572GK3
812,312.00
6.29276682      0.96799013      0.00000000
0.96799013
0.00000000    0.9905165257
II-B2            863572GL1
850,994.00
6.29277057      0.96799742      0.00000000
0.96799742
0.00000000    0.9905165371
II-B3            863572GM9
386,815.00
6.29277562      0.96798211      0.00000000
0.96798211
0.00000000    0.9905165518
II-B4            863572GN7
1,237,809.35
6.29277037      0.96799236      0.00000000
0.96799236
0.00000000    0.9905165121
R                863572GA5
100.00
0.00000000      0.00000000      0.00000000
0.00000000
0.00000000    0.0000000000
R-1              N/A
0.00
N/A             N/A             N/A             N/A
N/A             N/A
R-2              N/A
0.00
N/A             N/A             N/A             N/A
N/A             N/A
_____________________________________________________
__ ___ __
_____________________________________________________
__ ___ __ _____________________________
Totals                                 257,450,828.47
0.8948286187


























Report  3
   06/20/96 -- 12:31am
Page  1 of  1

EXHIBIT 21.1
PAGE 9
Structured Asset Securities Corporation
Series 1995-02 Norwest Bank Minnesota, N.A.
Contact:                         Andy
Rosenfeld
Securities Administration Services
Reporting   Month:           May 1996
Phone:                           (410)
884-
2114
11000 Broken Land Parkway
Distribution Date:      June 25, 1996
InvestorDirect:                  (800) 605-
4167
Columbia, MD 21044-7800


Class Principal Distribution

                 Beginning
Principal           Ending          Current
                   Principal
Scheduled Unscheduled
Other
Total
Principal          Balance        Principal
Undistributed
Class                Balance
Principal
Principal        Accretion        Principal
Distribution
Reduction*          Balance
Principal
___________________________________________
__ _____________ __
___________________________________________
__ _____________
__
___________________________________________
_ I-A           141,371,308.89
67,721.69 1,614,923.72             0.00
0.00
1,682,645.41      (29,490.24)
139,718,153.72
0.00
I-B1           12,603,407.89
6,037.46 0.00    0.00             0.00
6,037.46
(2,629.09)    12,599,999.52
0.00 I-B2            8,552,313.05
4,096.85 0.00    0.00             0.00
4,096.85
(1,784.02)     8,550,000.22
0.00 I-B3            4,051,095.86
1,940.61 0.00    0.00             0.00
1,940.61
(845.06)     4,050,000.31             0.00
I-B4            1,890,510.73
905.62 0.00      0.00             0.00
905.62
(394.36)     1,889,999.47             0.00
I-B5            3,961,070.51
1,897.49 0.00    0.00             0.00
1,897.49
134,416.70     3,824,756.32
0.00 II-A           58,487,400.02
57,101.69
1,945,588.01             0.00
0.00
2,002,689.70             0.00
56,484,710.32
0.00
II-AX                   0.00
0.00
0.00             0.00             0.00
0.00
0.00             0.00             0.00
II-B1             805,394.77           786.31
0.00             0.00             0.00
786.31
0.00       804,608.46             0.00
II-B2             843,747.39           823.76
0.00             0.00             0.00
823.76
0.00       842,923.63             0.00
II-B3             383,521.09           374.43
0.00             0.00             0.00
374.43
0.00       383,146.66             0.00
II-B4           1,227,268.79         1,198.19
0.00             0.00             0.00
1,198.19
0.00     1,226,070.60             0.00
R                       0.00             0.00
0.00             0.00             0.00
0.00
0.00             0.00             0.00
R-1                     0.00             0.00
0.00             0.00             0.00
0.00
0.00             0.00             0.00
R-2                     0.00             0.00
0.00             0.00             0.00
0.00
0.00             0.00             0.00
______________________________________________________
__ __ __
______________________________________________________
__ __ __ ____________________________________________
Totals        234,177,038.99       142,884.10
3,560,511.73             0.00             0.00
3,703,395.83        99,273.93   230,374,369.23
0.00
*Principal Balance Reduction

Realized Losses Principal Balance Reduction
135,242.98
Negative Amortization Principal Balance
Reduction (35,969.05)
Other
0.00






Report  4
   06/20/96 -- 12:32am
Page  1 of  1


EXHIBIT 21.1                          PAGE 10
Structured Asset Securities Corporation Series
199502 Norwest Bank Minnesota, N.A.
Contact:                         Andy Rosenfeld
Securities Administration Services
Reporting   Month:           May 1996
Phone:                           (410) 884-2114
11000 Broken Land Parkway
Distribution Date:      June 25, 1996
InvestorDirect:
(800) 605-4167
Columbia, MD 21044-7800


Class Interest Distribution

                                     Beginning
Negative Ending
                                    Principal/
Interest
Amortization
Principal/
                                      Notional
Interest       Shortfall/
Other
Interest   Total Interest         Notional Class
Pass-Through Rate                     Balance
Accrual       (Recovery)        Accretion Interest
Reduction     Distribution Balance
______________________________________________________
__ __ __
______________________________________________________
__ __ __ _____________________________________________
I-A               7.05948631%   141,371,308.89
831,674.02             0.00             0.00
0.00        29,490.24       802,183.78
139,718,153.72 IB1 7.05948631%      12,603,407.89
74,144.65             0.00             0.00
0.00
2,629.09        71,515.56    12,599,999.52
I-B2              7.05948631%
8,552,313.05 50,312.45             0.00
0.00
0.00
1,784.02        48,528.43     8,550,000.22
I-B3              7.05948631%
4,051,095.86
23,832.21             0.00             0.00
0.00
845.06        22,987.15     4,050,000.31
I-B4              7.05948631%
1,890,510.73
11,121.70             0.00             0.00
0.00
394.36        10,727.34     1,889,999.47
I-B5              7.05948631%
3,961,070.51
23,302.60             0.00             0.00
0.00
826.28        22,476.32     3,824,756.32
II-A              7.43618223%
58,487,400.02
362,435.80             0.00             0.00
0.00             0.00       362,435.80
56,484,710.32
II-AX             0.08000000%
61,747,332.07
4,116.49             0.00             0.00
0.00
0.00         4,116.49    59,741,459.67
II-B1             7.61618223%
805,394.77
5,111.69             0.00             0.00
0.00
0.00         5,111.69       804,608.46
II-B2             7.61618223%
843,747.39
5,355.11             0.00             0.00
0.00
0.00         5,355.11       842,923.63
II-B3             7.61618223%
383,521.09
2,434.14             0.00             0.00
0.00
0.00         2,434.14       383,146.66
II-B4             7.61618223%
1,227,268.79
7,789.25             0.00             0.00
0.00
0.00         7,789.25     1,226,070.60
R                 0.00000000%
0.00
0.00             0.00             0.00
0.00
0.00             0.00             0.00
R-1               0.00000000%
0.00
0.00             0.00             0.00
0.00
0.00             0.00             0.00
R-2               0.00000000%
0.00
0.00             0.00             0.00
0.00
0.00             0.00             0.00
__________________________________________________
__ ________
__________________________________________________
__ ________
_____________________________________________
Totals
1,401,630.11             0.00             0.00
0.00        35,969.05     1,365,661.06





Report  5
   06/20/96 -- 12:32am
Page  1 of  1



EXHIBIT 21.1          PAGE 11



Structured Asset Securities Corporation Series
199502 Norwest Bank Minnesota, N.A.
Contact:                         Andy Rosenfeld
Securities Administration Services
Reporting   Month:           May 1996
Phone:                           (410)
8842114 11000 Broken Land Parkway
Distribution Date:      June 25, 1996
InvestorDirect:                  (800)
6054167 Columbia, MD 21044-7800


Fund Account Summary

______________________________________________________
__ __ __
______________________________________________________
__ __ __
______________________________________________________
Proceeds Account
   Beginning Balance
(0.00)
   DEPOSITS:
WITHDRAWALS:
    Interest Net of Servicing Fee
1,422,411.02 Interest Payments
1,365,661.06
    Scheduled Principal
    142,884.10
Scheduled Principal Payment
    142,884.10 Other Principal
    3,695,754.72
Other Principal Payments
    3,560,511.73 Negative Amortization
    (35,969.06)
Reserve Fund 1
0.00
    Deposits from Reserve Fund
0.00
Fees and Expenses
    20,780.91 Gain/Loss Adjustment
    (135,242.98)
Other Withdrawals
0.00
    Other Deposits
0.00
   Total Deposit
5,089,837.80                Total Withdrawals
5,089,837.80


Ending Balance
0.00

______________________________________________________

__ __ __

______________________________________________________

__ __ __

______________________________________________________









Report  6
   06/20/96 -- 12:31am
Page  1 of  1


EXHIBIT 21.1                     PAGE 12



Structured Asset Securities Corporation Series 1995-02
Norwest Bank Minnesota, N.A.
Contact:                         Andy Rosenfeld
Securities Administration Services
Reporting   Month:           May 1996
Phone:                           (410)
884-
2114
11000 Broken Land Parkway
Distribution Date:      June 25, 1996
InvestorDirect:                  (800)
605-
4167
Columbia, MD 21044-7800


Loss/Delinquency Detail

                  Current         Current
Current Current   Total       Aggregate
Aggregate
Aggregate       Aggregate           Total
                    Fraud      Bankruptcy  Special
Hazard Credit         Current           Fraud
Bankruptcy Special Hazard              Credit
Aggregate
Pool #             Losses          Losses
Losses
Losses          Losses          Losses
Losses
Losses          Losses          Losses
______________________________________________________
__ __ __
______________________________________________________
__ __ __
_________________________________________________

1                    0.00            0.00
0.00
135,242.98      135,242.98            0.00
0.00 0.00      135,242.98
135,242.98
2                    0.00
0.00
0.00
0.00            0.00            0.00            0.00
0.00            0.00            0.00
______________________________________________________
__ __ __
______________________________________________________
__ __ __
_________________________________________________
Totals               0.00            0.00
0.00
135,242.98      135,242.98            0.00
0.00
0.00      135,242.98      135,242.98





______________________________________________________
__ __ __
______________________________________________________
__ __ __ ________________________________________
             30  Days  Delinquent    60  Days
Delinquent 90  Days  Delinquent
Foreclosures REO's                   Totals
             Number       Balance    Number
Balance Number       Balance    Number
Balance
Number Balance    Number            Balance
1                  53 11,556,949.12         7
1,770,985.13
8  2,709,197.41        21  5,463,363.44         6
1,459,170.19        95      22,959,665.29
2                  14  1,892,068.93         3
422,799.30
4    768,488.32         7    762,562.29         6
374,514.89        34       4,220,433.73
______________________________________________________
__ __ __
______________________________________________________
__ __ __ ________________________________________
Totals             67 13,449,018.05        10
2,193,784.43
12  3,477,685.73        28  6,225,925.73        12

1,833,685.08       129      27,180,099.02








Report  7
   06/20/96 -- 12:32am
Page  1 of  1


EXHIBIT 21.1
PAGE
13
                                        Structured
Asset Securities Corporation Series 1995-02
Norwest Bank Minnesota, N.A.
Contact:                         Andy
Rosenfeld
Securities Administration Services
Reporting
Month:           May 1996              Phone:
(410) 884-2114
11000 Broken Land Parkway
Distribution Date:      June 25, 1996
InvestorDirect:                  (800)
605-
4167 Columbia, MD 21044-7800


Collateral Summary


Total|              Pool 1
Pool
2

______________________________________________________
__ __ __ _____________________________________________
Monthly P&I Constant
1,613,376.88|        1,115,621.09           497,755.79
|
Positive Amortization
142,884.10|           82,599.72            60,284.38
Negative Amortization
(35,969.06)|         (35,969.06)                 0.00
Regular Curtailments
241,882.22|          238,341.12             3,541.10
Regular Curtailment Interest
1,468.62|            1,443.70                24.92
Prepaid Curtailments
121,538.77|              851.26           120,687.51
Prepaid Curtailment Interest
1.98|                0.00                 1.98
Liquidations
3,328,536.02|        1,508,057.70
1,820,478.32
Principal Adjustments
2,327.11|            1,472.92               854.19
   Total Principal Trust Distribution
3,802,669.76|        1,796,797.36
2,005,872.40

|
Scheduled Interest
1,506,461.84|        1,068,990.43
437,471.41
Servicing Fee
73,180.41|           53,884.31            19,296.10
Master Servicing Fee
3,234.68|              718.49             2,516.19
Spread
19,643.52|                0.00            19,643.52
     Total Pass-Through Interest
1,410,403.23|        1,014,387.63
396,015.60
|
Beginning Balance
234,177,038.99|      172,429,706.92
61,747,332.07
Ending Balance
230,374,369.23|      170,632,909.56
59,741,459.67
Gross P&I Distribution
5,235,951.19|        2,811,903.48
2,424,047.71
Realized Losses/(Gains)
135,242.98|          135,242.98                 0.00
Net P&I Trust Distribution
5,100,708.21|        2,676,660.50
2,424,047.71

|
Beginning Loan Count
1150|                 659                  491
Number of Loan Payoffs
14|                   4                   10
Ending Loan Count
1136|                 655                  481

|
Weighted Average Maturity
361.7552547600|      378.2516354000
315.6890364600
Weighted Average Gross Rate
7.719604850%|        7.439486720%
8.501836020%
Weighted Average Net Rate
7.344604420%|        7.064486540%
8.126834870%
Weighted Average Pass-Through Rate
7.227369010%|        7.059486310%
7.696182230%
Weighted Average Margin
2.588000000%|        2.398800000%
2.841900000%

|
Advances on Delinquencies
|
  Current Period Principal
10,769.40|            6,830.47             3,938.93
  Current Period Interest
163,614.98|          134,751.50            28,863.48

|

|

Report  8
   06/20/96 -- 12:32am
Page  1 of  1


EXHIBIT 21.1                                  PAGE
14


Structured Asset Securities Corporation Series 1995
02 Norwest Bank Minnesota, N.A.
Contact:                         Andy Rosenfeld
Securities Administration Services
Reporting   Month:           May 1996
Phone:                           (410)
884-
2114 11000 Broken Land Parkway
Distribution Date:      June 25, 1996
InvestorDirect:                  (800)
6054167 Columbia, MD 21044-7800


Credit Enhancement Summary


Initial         Current         Current
Current         Current
Current

Coverage          Period          Period
Cumulative Coverage        Coverage               Pool
Type/Purpose
Amount          Losses       Additions          Losses
Percentage          Amount            Balance
______________________________________________________
__ __ __
______________________________________________________
__ __ __ ___________________________________________
Subordination
34,353,068.47      135,242.98            0.00
135,242.98      14.83303256%
34,171,505.19 230,374,369.23

Scheduled   Unscheduled

Principal     Principal
Percentage    Percentage
 Pool #
______________________________________________________
__ __ __ _______________________________________
1        Senior
81.98779167% 100.00000000%
1        Subordinate
18.01220833%   0.00000000%
2        Senior
94.72052971% 100.00000000%
2        Subordinate
5.27947029%   0.00000000%




Report  9
   06/20/96 -- 12:32am
Page  1 of  1
[{"type": "8-K", "sequence": "1", "secsgml_size_bytes": 27669}]
{"company-data": {"conformed-name": "STRUCTURED ASSET SECURITIES CORP SERIES 1995-2", "cik": "0001006208", "assigned-sic": "[]", "irs-number": "521949524", "state-of-incorporation": "DE", "fiscal-year-end": "1130"}, "filing-values": {"form-type": "8-K", "act": "34", "file-number": "033-48771-04", "film-number": "96592728"}, "business-address": {"street1": "C/O NORWEST BANK MINNESOTA TAX DEPT", "street2": "11000 BROKEN LAND PKWY", "city": "COLUMBIA", "state": "MD", "zip": "21044", "phone": "4108842076"}, "mail-address": {"street1": "C/O NORWEST BANK MINNESOTA TAX DEPT", "street2": "11000 BROKEN LAND PKWY", "city": "COLUMBIA", "state": "MD", "zip": "21044"}}
SECURITIES AND EXCHANGE
                   COMMISSION Washington,
                   D.C.  20549 ___________________________

                          FORM 8-K

                       CURRENT REPORT

              PURSUANT TO SECTION 13 OR 15 (d)

           OF

               THE SECURITIES EXCHANGE ACT OF

               1934

Date of Report (Date of earliest event reported)  June 25,
                            1996
   Structured Asset Securities Corporation, Series 19952
   (Exact name of registrant as specified in its charter)
Delaware                 33-48771            74-2440850
(State or other jurisdiction       (Commission
(IRS Employer
of incorporation or           File Number)
Identification
organization)
Number)

200 Vesey Street
New York, New York
10285-
0800
(Address of principal executive offices)
(Zip Code)

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

         Structured Asset Securities, Series 1995-2
                        Form 8-K
                        INDEX
                          
                          
                                             Page
Number

     Item 5.        Other Events
3

     Item 7.        Financial Statements and Exhibits
3

SIGNATURES                                        4
INDEX OF EXHIBITS                                 5

ITEM 5. OTHER EVENTS

The Structured Asset Securities Corporation, Series
1995 2
makes monthly remittances to security holders.  The
latest remittance was made June 25, 1996.  We have
furnished a
monthly remittance statement delivered to the trustee
with security holder payment instructions.
Monthly Remittance
Statement.............................................
 .. .. .. ......Exhibit 21.1

ITEM 7.  FINANCIAL STATEMENTS AND EXHIBITS

     Exhibits
21.1 Monthly Remittance Statement dated as of June 25,
1996.

                      SIGNATURES

     Pursuant to the requirements 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, Series 1995-2
                     (Registrant)
                           
                         By:  Lehman Brothers
                         Name:     Michael J. O'Hanlon
                         Title:    Managing Director
                         
                         
                   INDEX OF EXHIBITS
                           
                           
                                        Page of
                                        Sequentially
                                        Numbered Pages
                                        
                                        
21.1 Monthly Remittance Statement dated
6-
14
     as of June 25, 1996.

                                           Structured
Asset Securities Corporation Series 1995-02
Norwest Bank Minnesota, N.A.
Contact:                         Andy Rosenfeld
Securities Administration Services
Reporting   Month:           May 1996
Phone:                           (410)
884-
2114
11000 Broken Land Parkway
Distribution Date:      June 25, 1996
InvestorDirect:                  (800)
605-
4167
Columbia, MD 21044-7800

EXHIBIT 21.1              PAGE 6
Structured Asset Securities Corporation Series 1995-
02 Norwest Bank Minnesota, N.A.
Contact:                         Andy Rosenfeld
Securities Administration Services
Reporting   Month:           May 1996
Phone:                           (410)
884-
2114
11000 Broken Land Parkway
Distribution Date:      June 25, 1996
InvestorDirect:                  (800) 605-4167
Columbia, MD 21044-7800

Series Structure Summary

Aggregate Realized
Aggregate
Ending
         Class
Original Principal                     Losses
Principal
Aggregate Interest      Undistributed      Principal
Class    Description    Principal Type   Interest Type
Balance Pass Through Rate  Balance Reduction Shortfall
Principal         Factor
______________________________________________________
__ __ __
______________________________________________________
__ __ __
_______________________________________________ I-A
Senior              Shift Interest       WANR
149,022,521.00       7.05948631%               0.00
0.00               0.00   0.9375640191
I-B1     Subordinate    Prorata          WANR
12,606,143.00       7.05948631%
0.00
0.00               0.00   0.9995126598
I-B2     Subordinate    Prorata          WANR
8,554,169.00       7.05948631%
0.00
0.00               0.00   0.9995126610
I-B3     Subordinate    Prorata          WANR
4,051,975.00       7.05948631%
0.00
0.00               0.00   0.9995126599
I-B4     Subordinate    Prorata          WANR
1,890,921.00       7.05948631%
0.00
0.00               0.00   0.9995126555
I-B5     Subordinate    Prorata          WANR
3,961,930.12       7.05948631%
135,242.98
0.00               0.00   0.9653770269
II-A     Senior         Shift Interest
Reduced
PT
74,075,139.00       7.43618223%
0.00
0.00               0.00   0.7625326268
II-AX    Senior         Interest Only
Notional
IO
0.00       0.08000000%               0.00
0.00
0.00   0.0000000000
II-B1    Subordinate    Prorata
Reduced
PT
812,312.00       7.61618223%
0.00
0.00               0.00   0.9905165257
II-B2    Subordinate    Prorata
Reduced
PT
850,994.00       7.61618223%
0.00
0.00               0.00   0.9905165371
II-B3    Subordinate    Prorata
Reduced PT
386,815.00       7.61618223%
0.00
0.00               0.00   0.9905165518
II-B4    Subordinate    Prorata
Reduced PT
1,237,809.35       7.61618223%
0.00
0.00               0.00   0.9905165121
R        Residual       Priority Pay
WANR
100.00       0.00000000%
0.00
0.00               0.00   0.0000000000
R-1      Residual       Residual         Residual
0.00       0.00000000%               0.00
0.00
0.00   0.0000000000
R-2      Residual       Residual         Residual
0.00       0.00000000%               0.00
0.00
0.00   0.0000000000
______________________________________________________
__ __ __
______________________________________________________
__ __ __
_______________________________________________ Totals
257,450,828.47                           135,242.98
0.00               0.00   0.8948286187
Report  1
   06/20/96 -- 12:31am
Page  1 of  1

EXHIBIT 21.1                     PAGE 7
                                           Structured
Asset Securities Corporation Series 1995-02
Norwest Bank Minnesota, N.A.
Contact:                         Andy Rosenfeld
Securities Administration Services
Reporting   Month:           May 1996
Phone:
(410) 884-2114
11000 Broken Land Parkway
Distribution Date:      June 25, 1996
InvestorDirect:                  (800)
605-
4167
Columbia, MD 21044-7800

Class Distribution Summary

Beginning
Principal             Ending
                              Pass Through
Principal Total Interest    Total Principal
Balance          Principal              Total
Class      Record Date                Rate
Balance       Distribution       Distribution
Reduction            Balance
Distribution
______________________________________________________
__ __ __
______________________________________________________
__ __ __ ____________________________________
I-A        05/31/1996          7.05948631%
141,371,308.89         802,183.78
1,682,645.41
0.00     139,718,153.72       2,484,829.19
I-B1       05/31/1996
7.05948631%
12,603,407.89          71,515.56
6,037.46
0.00      12,599,999.52
77,553.02
I-B2       05/31/1996
7.05948631%
8,552,313.05          48,528.43
4,096.85
0.00       8,550,000.22
52,625.28
I-B3       05/31/1996
7.05948631%
4,051,095.86          22,987.15
1,940.61
0.00       4,050,000.31
24,927.76
I-B4       05/31/1996
7.05948631%
1,890,510.73          10,727.34
905.62
0.00       1,889,999.47
11,632.96
I-B5       05/31/1996
7.05948631%
3,961,070.51          22,476.32
1,897.49
135,242.98       3,824,756.32
24,373.81
II-A       05/31/1996          7.43618223%
58,487,400.02         362,435.80
2,002,689.70
0.00      56,484,710.32       2,365,125.50
II-
AX         05/31/1996
0.08000000%
0.00           4,116.49
0.00
0.00               0.00
4,116.49
II-B1      05/31/1996          7.61618223%
805,394.77           5,111.69
786.31
0.00         804,608.46           5,898.00
II-B2      05/31/1996          7.61618223%
843,747.39           5,355.11
823.76
0.00         842,923.63           6,178.87
II-B3      05/31/1996          7.61618223%
383,521.09           2,434.14
374.43
0.00         383,146.66           2,808.57
II-B4      05/31/1996          7.61618223%
1,227,268.79           7,789.25
1,198.19
0.00       1,226,070.60           8,987.44
R          05/31/1996
0.00000000%
0.00               0.00
0.00
0.00               0.00
0.00
R-1        05/31/1996
0.00000000%
0.00               0.00
0.00
0.00               0.00
0.00
R-2        05/31/1996
0.00000000%
0.00               0.00
0.00
0.00               0.00
0.00
______________________________________________________
__ __ __
______________________________________________________
__ __ __ ____________________________________
Totals
234,177,038.99       1,365,661.06       3,703,395.83
135,242.98     230,374,369.23       5,069,056.89

Report  2
   06/20/96 -- 12:31am
Page  1 of  1

EXHIBIT 21.1                            PAGE 8

                                       Structured
Asset Securities Corporation Series 1995-02
Norwest Bank Minnesota, N.A.
Contact:                         Andy Rosenfeld
Securities Administration Services
Reporting
Month:           May 1996             Phone:
(410) 884-2114
11000 Broken Land Parkway
Distribution
Date:      June 25, 1996             InvestorDirect:
(800) 605-4167
Columbia, MD 21044-7800

                                          Class
Distribution Per 1,000 of Original Balance
Total Other

Total Interest Scheduled       Principal Total
Principal Principal          Ending

Distribution       Principal    Distribution
Distribution
Balance       Principal
Class            Cusip               Original Balance
Factor          Factor          Factor          Factor
Reduction          Factor
______________________________________________________
__ __ __
______________________________________________________
__ __ __ _____________________________
I-A              863572FZ1             149,022,521.00
5.38297014      0.45443930     10.83677627
11.29121557
(0.19789116)    0.9375640191
I-B1             863572GB3              12,606,143.00
5.67307225      0.47892999      0.00000000
0.47892999
(0.20855626)    0.9995126598
I-B2             863572GC1               8,554,169.00
5.67307356      0.47893022      0.00000000
0.47893022
(0.20855562)    0.9995126610
I-B3             863572GD9               4,051,975.00
5.67307301      0.47892941      0.00000000
0.47892941
(0.20855509)    0.9995126599
I-B4             863572GH0               1,890,921.00
5.67307677      0.47893064      0.00000000
0.47893064
(0.20855446)    0.9995126555
I-B5             863572GJ6               3,961,930.12
5.67307330      0.47893071      0.00000000
0.47893071
33.92707492    0.9653770269
II-A             863572GE7              74,075,139.00
4.89281296      0.77086173     26.26506054
27.03592227
0.00000000    0.7625326268
II-AX            863572GG2                       0.00
N/A             N/A             N/A             N/A
N/A             N/A
II-B1            863572GK3
812,312.00
6.29276682      0.96799013      0.00000000
0.96799013
0.00000000    0.9905165257
II-B2            863572GL1
850,994.00
6.29277057      0.96799742      0.00000000
0.96799742
0.00000000    0.9905165371
II-B3            863572GM9
386,815.00
6.29277562      0.96798211      0.00000000
0.96798211
0.00000000    0.9905165518
II-B4            863572GN7
1,237,809.35
6.29277037      0.96799236      0.00000000
0.96799236
0.00000000    0.9905165121
R                863572GA5
100.00
0.00000000      0.00000000      0.00000000
0.00000000
0.00000000    0.0000000000
R-1              N/A
0.00
N/A             N/A             N/A             N/A
N/A             N/A
R-2              N/A
0.00
N/A             N/A             N/A             N/A
N/A             N/A
_____________________________________________________
__ ___ __
_____________________________________________________
__ ___ __ _____________________________
Totals                                 257,450,828.47
0.8948286187

Report  3
   06/20/96 -- 12:31am
Page  1 of  1

EXHIBIT 21.1
PAGE 9
Structured Asset Securities Corporation
Series 1995-02 Norwest Bank Minnesota, N.A.
Contact:                         Andy
Rosenfeld
Securities Administration Services
Reporting   Month:           May 1996
Phone:                           (410)
884-
2114
11000 Broken Land Parkway
Distribution Date:      June 25, 1996
InvestorDirect:                  (800) 605-
4167
Columbia, MD 21044-7800

Class Principal Distribution

                 Beginning
Principal           Ending          Current
                   Principal
Scheduled Unscheduled
Other
Total
Principal          Balance        Principal
Undistributed
Class                Balance
Principal
Principal        Accretion        Principal
Distribution
Reduction*          Balance
Principal
___________________________________________
__ _____________ __
___________________________________________
__ _____________
__
___________________________________________
_ I-A           141,371,308.89
67,721.69 1,614,923.72             0.00
0.00
1,682,645.41      (29,490.24)
139,718,153.72
0.00
I-B1           12,603,407.89
6,037.46 0.00    0.00             0.00
6,037.46
(2,629.09)    12,599,999.52
0.00 I-B2            8,552,313.05
4,096.85 0.00    0.00             0.00
4,096.85
(1,784.02)     8,550,000.22
0.00 I-B3            4,051,095.86
1,940.61 0.00    0.00             0.00
1,940.61
(845.06)     4,050,000.31             0.00
I-B4            1,890,510.73
905.62 0.00      0.00             0.00
905.62
(394.36)     1,889,999.47             0.00
I-B5            3,961,070.51
1,897.49 0.00    0.00             0.00
1,897.49
134,416.70     3,824,756.32
0.00 II-A           58,487,400.02
57,101.69
1,945,588.01             0.00
0.00
2,002,689.70             0.00
56,484,710.32
0.00
II-AX                   0.00
0.00
0.00             0.00             0.00
0.00
0.00             0.00             0.00
II-B1             805,394.77           786.31
0.00             0.00             0.00
786.31
0.00       804,608.46             0.00
II-B2             843,747.39           823.76
0.00             0.00             0.00
823.76
0.00       842,923.63             0.00
II-B3             383,521.09           374.43
0.00             0.00             0.00
374.43
0.00       383,146.66             0.00
II-B4           1,227,268.79         1,198.19
0.00             0.00             0.00
1,198.19
0.00     1,226,070.60             0.00
R                       0.00             0.00
0.00             0.00             0.00
0.00
0.00             0.00             0.00
R-1                     0.00             0.00
0.00             0.00             0.00
0.00
0.00             0.00             0.00
R-2                     0.00             0.00
0.00             0.00             0.00
0.00
0.00             0.00             0.00
______________________________________________________
__ __ __
______________________________________________________
__ __ __ ____________________________________________
Totals        234,177,038.99       142,884.10
3,560,511.73             0.00             0.00
3,703,395.83        99,273.93   230,374,369.23
0.00
*Principal Balance Reduction

Realized Losses Principal Balance Reduction
135,242.98
Negative Amortization Principal Balance
Reduction (35,969.05)
Other
0.00

Report  4
   06/20/96 -- 12:32am
Page  1 of  1

EXHIBIT 21.1                          PAGE 10
Structured Asset Securities Corporation Series
199502 Norwest Bank Minnesota, N.A.
Contact:                         Andy Rosenfeld
Securities Administration Services
Reporting   Month:           May 1996
Phone:                           (410) 884-2114
11000 Broken Land Parkway
Distribution Date:      June 25, 1996
InvestorDirect:
(800) 605-4167
Columbia, MD 21044-7800

Class Interest Distribution

                                     Beginning
Negative Ending
                                    Principal/
Interest
Amortization
Principal/
                                      Notional
Interest       Shortfall/
Other
Interest   Total Interest         Notional Class
Pass-Through Rate                     Balance
Accrual       (Recovery)        Accretion Interest
Reduction     Distribution Balance
______________________________________________________
__ __ __
______________________________________________________
__ __ __ _____________________________________________
I-A               7.05948631%   141,371,308.89
831,674.02             0.00             0.00
0.00        29,490.24       802,183.78
139,718,153.72 IB1 7.05948631%      12,603,407.89
74,144.65             0.00             0.00
0.00
2,629.09        71,515.56    12,599,999.52
I-B2              7.05948631%
8,552,313.05 50,312.45             0.00
0.00
0.00
1,784.02        48,528.43     8,550,000.22
I-B3              7.05948631%
4,051,095.86
23,832.21             0.00             0.00
0.00
845.06        22,987.15     4,050,000.31
I-B4              7.05948631%
1,890,510.73
11,121.70             0.00             0.00
0.00
394.36        10,727.34     1,889,999.47
I-B5              7.05948631%
3,961,070.51
23,302.60             0.00             0.00
0.00
826.28        22,476.32     3,824,756.32
II-A              7.43618223%
58,487,400.02
362,435.80             0.00             0.00
0.00             0.00       362,435.80
56,484,710.32
II-AX             0.08000000%
61,747,332.07
4,116.49             0.00             0.00
0.00
0.00         4,116.49    59,741,459.67
II-B1             7.61618223%
805,394.77
5,111.69             0.00             0.00
0.00
0.00         5,111.69       804,608.46
II-B2             7.61618223%
843,747.39
5,355.11             0.00             0.00
0.00
0.00         5,355.11       842,923.63
II-B3             7.61618223%
383,521.09
2,434.14             0.00             0.00
0.00
0.00         2,434.14       383,146.66
II-B4             7.61618223%
1,227,268.79
7,789.25             0.00             0.00
0.00
0.00         7,789.25     1,226,070.60
R                 0.00000000%
0.00
0.00             0.00             0.00
0.00
0.00             0.00             0.00
R-1               0.00000000%
0.00
0.00             0.00             0.00
0.00
0.00             0.00             0.00
R-2               0.00000000%
0.00
0.00             0.00             0.00
0.00
0.00             0.00             0.00
__________________________________________________
__ ________
__________________________________________________
__ ________
_____________________________________________
Totals
1,401,630.11             0.00             0.00
0.00        35,969.05     1,365,661.06

Report  5
   06/20/96 -- 12:32am
Page  1 of  1

EXHIBIT 21.1          PAGE 11

Structured Asset Securities Corporation Series
199502 Norwest Bank Minnesota, N.A.
Contact:                         Andy Rosenfeld
Securities Administration Services
Reporting   Month:           May 1996
Phone:                           (410)
8842114 11000 Broken Land Parkway
Distribution Date:      June 25, 1996
InvestorDirect:                  (800)
6054167 Columbia, MD 21044-7800

Fund Account Summary

______________________________________________________
__ __ __
______________________________________________________
__ __ __
______________________________________________________
Proceeds Account
   Beginning Balance
(0.00)
   DEPOSITS:
WITHDRAWALS:
    Interest Net of Servicing Fee
1,422,411.02 Interest Payments
1,365,661.06
    Scheduled Principal
    142,884.10
Scheduled Principal Payment
    142,884.10 Other Principal
    3,695,754.72
Other Principal Payments
    3,560,511.73 Negative Amortization
    (35,969.06)
Reserve Fund 1
0.00
    Deposits from Reserve Fund
0.00
Fees and Expenses
    20,780.91 Gain/Loss Adjustment
    (135,242.98)
Other Withdrawals
0.00
    Other Deposits
0.00
   Total Deposit
5,089,837.80                Total Withdrawals
5,089,837.80

Ending Balance
0.00

______________________________________________________

__ __ __

______________________________________________________

__ __ __

______________________________________________________

Report  6
   06/20/96 -- 12:31am
Page  1 of  1

EXHIBIT 21.1                     PAGE 12

Structured Asset Securities Corporation Series 1995-02
Norwest Bank Minnesota, N.A.
Contact:                         Andy Rosenfeld
Securities Administration Services
Reporting   Month:           May 1996
Phone:                           (410)
884-
2114
11000 Broken Land Parkway
Distribution Date:      June 25, 1996
InvestorDirect:                  (800)
605-
4167
Columbia, MD 21044-7800

Loss/Delinquency Detail

                  Current         Current
Current Current   Total       Aggregate
Aggregate
Aggregate       Aggregate           Total
                    Fraud      Bankruptcy  Special
Hazard Credit         Current           Fraud
Bankruptcy Special Hazard              Credit
Aggregate
Pool #             Losses          Losses
Losses
Losses          Losses          Losses
Losses
Losses          Losses          Losses
______________________________________________________
__ __ __
______________________________________________________
__ __ __
_________________________________________________

1                    0.00            0.00
0.00
135,242.98      135,242.98            0.00
0.00 0.00      135,242.98
135,242.98
2                    0.00
0.00
0.00
0.00            0.00            0.00            0.00
0.00            0.00            0.00
______________________________________________________
__ __ __
______________________________________________________
__ __ __
_________________________________________________
Totals               0.00            0.00
0.00
135,242.98      135,242.98            0.00
0.00
0.00      135,242.98      135,242.98

______________________________________________________
__ __ __
______________________________________________________
__ __ __ ________________________________________
             30  Days  Delinquent    60  Days
Delinquent 90  Days  Delinquent
Foreclosures REO's                   Totals
             Number       Balance    Number
Balance Number       Balance    Number
Balance
Number Balance    Number            Balance
1                  53 11,556,949.12         7
1,770,985.13
8  2,709,197.41        21  5,463,363.44         6
1,459,170.19        95      22,959,665.29
2                  14  1,892,068.93         3
422,799.30
4    768,488.32         7    762,562.29         6
374,514.89        34       4,220,433.73
______________________________________________________
__ __ __
______________________________________________________
__ __ __ ________________________________________
Totals             67 13,449,018.05        10
2,193,784.43
12  3,477,685.73        28  6,225,925.73        12

1,833,685.08       129      27,180,099.02

Report  7
   06/20/96 -- 12:32am
Page  1 of  1

EXHIBIT 21.1
PAGE
13
                                        Structured
Asset Securities Corporation Series 1995-02
Norwest Bank Minnesota, N.A.
Contact:                         Andy
Rosenfeld
Securities Administration Services
Reporting
Month:           May 1996              Phone:
(410) 884-2114
11000 Broken Land Parkway
Distribution Date:      June 25, 1996
InvestorDirect:                  (800)
605-
4167 Columbia, MD 21044-7800

Collateral Summary

Total|              Pool 1
Pool
2

______________________________________________________
__ __ __ _____________________________________________
Monthly P&I Constant
1,613,376.88|        1,115,621.09           497,755.79
|
Positive Amortization
142,884.10|           82,599.72            60,284.38
Negative Amortization
(35,969.06)|         (35,969.06)                 0.00
Regular Curtailments
241,882.22|          238,341.12             3,541.10
Regular Curtailment Interest
1,468.62|            1,443.70                24.92
Prepaid Curtailments
121,538.77|              851.26           120,687.51
Prepaid Curtailment Interest
1.98|                0.00                 1.98
Liquidations
3,328,536.02|        1,508,057.70
1,820,478.32
Principal Adjustments
2,327.11|            1,472.92               854.19
   Total Principal Trust Distribution
3,802,669.76|        1,796,797.36
2,005,872.40

|
Scheduled Interest
1,506,461.84|        1,068,990.43
437,471.41
Servicing Fee
73,180.41|           53,884.31            19,296.10
Master Servicing Fee
3,234.68|              718.49             2,516.19
Spread
19,643.52|                0.00            19,643.52
     Total Pass-Through Interest
1,410,403.23|        1,014,387.63
396,015.60
|
Beginning Balance
234,177,038.99|      172,429,706.92
61,747,332.07
Ending Balance
230,374,369.23|      170,632,909.56
59,741,459.67
Gross P&I Distribution
5,235,951.19|        2,811,903.48
2,424,047.71
Realized Losses/(Gains)
135,242.98|          135,242.98                 0.00
Net P&I Trust Distribution
5,100,708.21|        2,676,660.50
2,424,047.71

|
Beginning Loan Count
1150|                 659                  491
Number of Loan Payoffs
14|                   4                   10
Ending Loan Count
1136|                 655                  481

|
Weighted Average Maturity
361.7552547600|      378.2516354000
315.6890364600
Weighted Average Gross Rate
7.719604850%|        7.439486720%
8.501836020%
Weighted Average Net Rate
7.344604420%|        7.064486540%
8.126834870%
Weighted Average Pass-Through Rate
7.227369010%|        7.059486310%
7.696182230%
Weighted Average Margin
2.588000000%|        2.398800000%
2.841900000%

|
Advances on Delinquencies
|
  Current Period Principal
10,769.40|            6,830.47             3,938.93
  Current Period Interest
163,614.98|          134,751.50            28,863.48

|

|

Report  8
   06/20/96 -- 12:32am
Page  1 of  1

EXHIBIT 21.1                                  PAGE
14

Structured Asset Securities Corporation Series 1995
02 Norwest Bank Minnesota, N.A.
Contact:                         Andy Rosenfeld
Securities Administration Services
Reporting   Month:           May 1996
Phone:                           (410)
884-
2114 11000 Broken Land Parkway
Distribution Date:      June 25, 1996
InvestorDirect:                  (800)
6054167 Columbia, MD 21044-7800

Credit Enhancement Summary

Initial         Current         Current
Current         Current
Current

Coverage          Period          Period
Cumulative Coverage        Coverage               Pool
Type/Purpose
Amount          Losses       Additions          Losses
Percentage          Amount            Balance
______________________________________________________
__ __ __
______________________________________________________
__ __ __ ___________________________________________
Subordination
34,353,068.47      135,242.98            0.00
135,242.98      14.83303256%
34,171,505.19 230,374,369.23

Scheduled   Unscheduled

Principal     Principal
Percentage    Percentage
 Pool #
______________________________________________________
__ __ __ _______________________________________
1        Senior
81.98779167% 100.00000000%
1        Subordinate
18.01220833%   0.00000000%
2        Senior
94.72052971% 100.00000000%
2        Subordinate
5.27947029%   0.00000000%

Report  9
   06/20/96 -- 12:32am
Page  1 of  1