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)  May 28,
1996
Structured Asset Securities Corporation, Series 1995-2
(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)
5265594
                    Structured Asset Securities Corporation,
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 May 28, 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 May 28,
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 May 28, 1996.
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:         April 1996     Phone:
(410) 884-2114
11000 Broken Land Parkway         Distribution
Date:       May 28, 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
7.08883405%    0.00 0.00                0.00
0.9486573435
I-B1 Subordinate    Prorata   WANR      12,606,143.00
7.08883405%    0.00 0.00                0.00
0.9997830336
I-B2 Subordinate    Prorata   WANR           8,554,169.00
7.08883405%    0.00 0.00                0.00
0.9997830356
I-B3 Subordinate    Prorata   WANR           4,051,975.00
7.08883405%    0.00 0.00                0.00
0.9997830342
I-B4 Subordinate    Prorata   WANR           1,890,921.00
7.08883405%    0.00 0.00                0.00
0.9997830317
I-B5 Subordinate    Prorata   WANR           3,961,930.12
7.08883405%    0.00 0.00                0.00
0.9997830325
II-A Senior    Shift Interest Reduced PT
74,075,139.00
7.41308002%    0.00 0.00                0.00
0.7895685490
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     7.59308002%         0.00 0.00
0.00   0.9914845158
II-B2     Subordinate    Prorata   Reduced PT
850,994.00     7.59308002%         0.00 0.00
0.00   0.9914845346
II-B3     Subordinate    Prorata   Reduced PT
386,815.00     7.59308002%         0.00 0.00
0.00   0.9914845340
II-B4     Subordinate    Prorata   Reduced PT
1,237,809.35   7.59308002%         0.00 0.00
0.00   0.9914845045
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           0.00 0.00                0.00
0.9095990888
Report  1 05/23/96 --  4:41pm
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:               April 1996                  Phone:
(410) 884-2114
11000 Broken Land Parkway
Distribution Date:                May 28, 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     04/30/1996
7.08883405%     142,291,578.93              807,823.19
953,014.67     0.00     141,371,308.89       1,760,837.86
I-B1 04/30/1996          7.08883405%      12,606,028.81
71,567.43 5,521.86  0.00      12,603,407.89
77,089.29
I-B2 04/30/1996          7.08883405%         8,554,091.53
48,563.61 3,746.98  0.00 8,552,313.05          52,310.59
I-B3 04/30/1996          7.08883405%         4,051,938.29
23,003.82 1,774.88  0.00 4,051,095.86          24,778.70
I-B4 04/30/1996          7.08883405%         1,890,903.87
10,735.11      828.28    0.00 1,890,510.73
11,563.39
I-B5 04/30/1996          7.08883405%         3,961,894.23
22,492.62 1,735.44  0.00 3,961,070.51          24,228.06
II-A 04/30/1996          7.41308002%      60,235,470.18
372,108.63       1,748,070.16 0.00      58,487,400.02
2,120,178.79
II-AX     04/30/1996                    0.08000000%
0.00 4,233.24       0.00 0.00         0.00
4,233.24
II-B1     04/30/1996                    7.59308002%


806,177.62          5,101.14       782.85    0.00
805,394.77          5,883.99
II-B2     04/30/1996                    7.59308002%
844,567.52          5,344.06       820.13    0.00
843,747.39          6,164.19
II-B3     04/30/1996                    7.59308002%
383,893.88          2,429.11       372.79    0.00
383,521.09          2,801.90
II-B4     04/30/1996                    7.59308002%


1,228,461.71        7,773.17  1,192.92  0.00 1,227,268.79
8,966.09
R    04/30/1996                    0.00000000%
0.00      0.00      0.00 0.00         0.00
0.00
R-1  04/30/1996          0.00000000%               0.00
0.00 0.00 0.00             0.00                0.00
R-2  04/30/1996          0.00000000%               0.00


0.00      0.00 0.00         0.00                    0.00
____________________________________________________________
____________________________________________________________
____________________________________ Totals
236,855,006.57           1,381,175.13
2,717,860.96   0.00
234,177,038.99           4,099,036.09
Report  2 05/23/96 --  4:41pm
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:    April 1996                Phone:
(410) 884-2114
11000 Broken Land Parkway                     Distribution
Date:       May 28, 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
5.42081280     0.41824846     5.97685655     6.39510501
(0.21972941)        0.9486573435
I-B1 863572GB3  12,606,143.00           5.67718691
0.43802930               0.00000000     0.43802930
(0.23012114)        0.9997830336
I-B2 863572GC1      8,554,169.00                  5.67718618
0.43802969               0.00000000     0.43802969
(0.23012171)        0.9997830356
I-B3 863572GD9      4,051,975.00                  5.67718705
0.43802837               0.00000000     0.43802837
(0.23012235)        0.9997830342
I-B4 863572GH0      1,890,921.00                  5.67718588
0.43802993               0.00000000     0.43802993
(0.23012067)        0.9997830317
I-B5 863572GJ6      3,961,930.12                  5.67718746
0.43802893               0.00000000     0.43802893
(0.23012016)        0.9997830325
II-A 863572GE7  74,075,139.00           5.02339429
0.78964158     22.80896631    23.59860789         0.00000000
0.7895685490
II-AX     863572GG2           0.00      N/A
N/A  N/A       N/A                 N/A
N/A
II-B1     863572GK3            812,312.00
6.27977920     0.96373068     0.00000000     0.96373068
0.00000000     0.9914845158
II-B2     863572GL1       850,994.00
6.27978576     0.96373182     0.00000000          0.96373182
0.00000000     0.9914845346
II-B3     863572GM9       386,815.00
6.27977198     0.96374236     0.00000000          0.96374236
0.00000000     0.9914845340
II-B4     863572GN7 1,237,809.35             6.27977968
0.96373484          0.00000000     0.96373484
0.00000000     0.9914845045
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
0.9095990888
Report  3 05/23/96 --  4:41pm
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:    April 1996          Phone:
(410) 884-2114
11000 Broken Land Parkway


Distribution Date:  May 28, 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
142,291,578.93        62,328.44           890,686.23   0.00
0.00
953,014.67      (32,744.63)   141,371,308.89
0.00
I-B1      12,606,028.81  5,521.86  0.00 0.00 0.00
5,521.86       (2,900.94)    12,603,407.89
0.00
I-B2 8,554,091.53   3,746.98  0.00 0.00 0.00 3,746.98
(1,968.50)     8,552,313.05            0.00
I-B3 4,051,938.29   1,774.88  0.00 0.00 0.00 1,774.88
(932.45)     4,051,095.86            0.00
I-B4 1,890,903.87   828.28             0.00 0.00  0.00
828.28         (435.14)     1,890,510.73
0.00
I-B5 3,961,894.23   1,735.44  0.00 0.00 0.00 1,735.44
(911.72)     3,961,070.51            0.00


II-A      60,235,470.18       58,492.81
1,689,577.35   0.00 0.00     1,748,070.16    0.00
58,487,400.02             0.00
II-AX     0.00      0.00 0.00 0.00 0.00
0.00 0.00       0.00          0.00
II-B1       806,177.62        782.85         0.00 0.00 0.00
782.85    0.00      805,394.77         0.00
II-B2       844,567.52        820.13         0.00 0.00 0.00
820.13    0.00      843,747.39         0.00
II-B3       383,893.88        372.79         0.00 0.00 0.00
372.79    0.00      383,521.09         0.00
II-B4     1,228,461.71   1,192.92  0.00 0.00 0.00
1,192.92  0.00     1,227,268.79        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
236,855,006.57      137,597.38     2,580,263.58   0.00 0.00
2,717,860.96      (39,893.38)   234,177,038.99


0.00
*Principal Balance Reduction
Realized Losses Principal Balance Reduction
0.00
Negative Amortization Principal Balance Reduction
(39,893.38)
Other                                   0.00
Report  4 05/23/96 --  4:41pm
Page  1 of  1
EXHIBIT 21.1                       PAGE 10
                         Structured Asset Securities
Corporation Series 1995-02


Norwest Bank Minnesota, N.A.
Contact:                Andy Rosenfeld
Securities Administration Services
Reporting   Month:             April 1996           Phone:
(410) 884-2114
11000 Broken Land Parkway


Distribution Date:          May 28, 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
7.08883405%   142,291,578.93       840,567.82          0.00
0.00


0.00                 32,744.63        807,823.19
141,371,308.89
I-B1 7.08883405%    12,606,028.81  74,468.37 0.00 0.00
0.00                  2,900.94         71,567.43
12,603,407.89
I-B2 7.08883405%    8,554,091.53   50,532.11 0.00 0.00
0.00                  1,968.50         48,563.61
8,552,313.05
I-B3 7.08883405%    4,051,938.29   23,936.27 0.00 0.00
0.00 932.45            23,003.82     4,051,095.86
I-B4 7.08883405%    1,890,903.87   11,170.25 0.00 0.00
0.00 435.14            10,735.11     1,890,510.73
I-B5 7.08883405%    3,961,894.23   23,404.34 0.00 0.00
0.00 911.72            22,492.62     3,961,070.51
II-A 7.41308002%    60,235,470.18  372,108.63     0.00
0.00 0.00 0.00           372,108.63    58,487,400.02
II-AX          0.08000000%    63,498,570.92
4,233.24
0.00 0.00 0.00 0.00         4,233.24    61,747,332.07
II-B1          7.59308002%         806,177.62


5,101.14  0.00 0.00 0.00 0.00         5,101.14
805,394.77
II-B2          7.59308002%         844,567.52
5,344.06  0.00 0.00 0.00 0.00         5,344.06
843,747.39
II-B3          7.59308002%         383,893.88
2,429.11  0.00 0.00 0.00 0.00         2,429.11
383,521.09


II-B4          7.59308002%    1,228,461.71
7,773.17
0.00 0.00 0.00 0.00         7,773.17     1,227,268.79


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
1,421,068.51   0.00 0.00 0.00        39,893.38
1,381,175.13
Report  5 05/23/96 --  4:41pm
Page  1 of  1
EXHIBIT   21.1                          PAGE 11
                         Structured Asset Securities
Corporation Series 1995-02
Norwest Bank Minnesota, N.A.
Contact:                                   Andy Rosenfeld


Securities Administration Services     Reporting
Month:              April 1996               Phone:
(410) 884-2114
11000 Broken Land Parkway              Distribution Date:
May 28, 1996                              InvestorDirect:
(800) 605-4167
Columbia, MD 21044-7800
                                        Fund Account Summary
____________________________________________________________
____________________________________________________________
______________________________________________________
Proceeds Account
     Beginning Balance                 (0.00)


     DEPOSITS:                     WITHDRAWALS:
               Interest Net of Servicing Fee 1,433,416.01
Interest Payments
1,381,175.13
Scheduled Principal


137,597.38          Scheduled Principal Payment
137,597.38
          Other Principal
2,580,263.58        Other Principal Payments
2,580,263.58
          Negative Amortization
(39,893.38)         Reserve Fund 1
0.00
          Deposits from Reserve Fund         0.00
Fees and Expenses                                 12,347.50
          Gain/Loss Adjustment          0.00           Other
Withdrawals                                 0.00
          Other Deposits      0.00
     Total Deposit                 4,111,383.59   Total
Withdrawals
4,111,383.59
                         Ending Balance
(0.00)
____________________________________________________________
____________________________________________________________
______________________________________________________
Report  6
     05/23/96 --  4:41pm
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:
April 1996     Phone:
(410) 884-2114
11000 Broken Land Parkway              Distribution Date:
May 28, 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
0.00            0.00            0.00    0.00            0.00
0.00            0.00
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      0.00            0.00
0.00 0.00       0.00            0.00            0.00
____________________________________________________________
____________________________________________________________
________________________________________
     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               51 10,182,434.00        16
3,539,000.71      7  2,404,457.07   18  5,254,576.46
5  1,328,925.18        97      22,709,393.42
2               14  1,552,302.78         2   239,958.57
4    768,488.32        13  1,155,149.33         1
25,924.08        34       3,741,823.08
____________________________________________________________
____________________________________________________________
________________________________________ Totals
65 11,734,736.78        18  3,778,959.28       11
3,172,945.39        31  6,409,725.79         6  1,354,849.26
131      26,451,216.50
Report  7 05/23/96 --  4:41pm
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:    April 1996     Phone:
(410) 884-2114
11000 Broken Land Parkway             Distribution Date: May
28, 1996  InvestorDirect:             (800) 605-
4167
Columbia, MD 21044-7800
Collateral Summary Total|
Pool 1       Pool 2


____________________________________________________________
_____________________________________________ Monthly P&I
Constant            1,625,356.91|  1,115,017.82
510,339.09
                              | Positive Amortization
137,597.38|
75,935.88 61,661.50
Negative Amortization    (39,893.38)|
(39,893.38)         0.00
Regular Curtailments          31,161.87|
25,449.52  5,712.35
Regular Curtailment Interest               201.15|
160.09         41.06
Prepaid Curtailments           7,322.21|
718.95     6,603.26
Prepaid Curtailment Interest
28.70|              0.00      28.70
Liquidations             2,540,510.61|        863,285.75
1,677,224.86
Principal Adjustments          1,039.04|
1,071.92    (32.88)
     Total Principal Trust Distribution
2,677,967.58|        926,728.73         1,751,238.85
               | Scheduled Interest            1,527,652.91|
1,078,975.32 448,677.59
Servicing Fee                      74,017.21|
54,173.90 19,843.31
Master Servicing Fee                          3,312.18|
722.25     2,589.93
Spread                   20,219.67|     0.00
20,219.67
Total Pass-Through Interest
1,430,103.85|  1,024,079.17           406,024.68
               | Beginning Balance
236,855,006.57| 173,356,435.65        63,498,570.92
Ending Balance             234,177,038.99|
172,429,706.92        61,747,332.07
Gross P&I Distribution             4,131,603.28|
1,951,530.15         2,180,073.13
Realized Losses/(Gains)  0.00|
0.00      0.00
Net P&I Trust Distribution              4,131,603.28|
1,951,530.15         2,180,073.13
               | Beginning Loan Count
1160| 660       500
Number of Loan Payoffs    10|
1           9
Ending Loan Count                             1150|
659       491
               | Weighted Average Maturity
362.9008443800| 379.6505499900       317.1727402700
Weighted Average Gross Rate             7.739686470%|
7.468833670%         8.479137400%
Weighted Average Net Rate               7.364686370%|
7.093833570%         8.104137280%
Weighted Average Pass-Through Rate           7.245464830%|
7.088834050%         7.673080020%
Weighted Average Margin            2.592600000%|
2.399200000%         2.848000000%
               | Advances on Delinquencies
|
     Current Period Principal                      9,516.01|
5,984.22   3,531.79
Current Period Interest                  159,164.00|
133,883.34     25,280.66
               |
               |
Report  8
05/23/96 --  4:41pm


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:          April 1996                    Phone:
(410) 884-2114


11000 Broken Land Parkway               Distribution Date:
May 28, 1996     InvestorDirect:
(800) 605-4167
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  0.00  0.00            0.00      14.65486549%
34,318,330.08     234,177,038.99
                    Scheduled Unscheduled
     Principal  Principal Percentage     Percentage
 Pool #
____________________________________________________________
_______________________________________ 1         Senior
82.08035565%   100.00000000%
1         Subordinate                   17.91964435%
0.00000000%
2         Senior              94.86114303%
100.00000000%
2         Subordinate                   5.13885697%
0.00000000%
Report  9 05/23/96 --  4:42pm
Page  1 of  1
_
[{"type": "8-K", "sequence": "1", "secsgml_size_bytes": 26185}]
{"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": "96582801"}, "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)  May 28,
1996
Structured Asset Securities Corporation, Series 1995-2
(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)
5265594
                    Structured Asset Securities Corporation,
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 May 28, 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 May 28,
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 May 28, 1996.
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:         April 1996     Phone:
(410) 884-2114
11000 Broken Land Parkway         Distribution
Date:       May 28, 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
7.08883405%    0.00 0.00                0.00
0.9486573435
I-B1 Subordinate    Prorata   WANR      12,606,143.00
7.08883405%    0.00 0.00                0.00
0.9997830336
I-B2 Subordinate    Prorata   WANR           8,554,169.00
7.08883405%    0.00 0.00                0.00
0.9997830356
I-B3 Subordinate    Prorata   WANR           4,051,975.00
7.08883405%    0.00 0.00                0.00
0.9997830342
I-B4 Subordinate    Prorata   WANR           1,890,921.00
7.08883405%    0.00 0.00                0.00
0.9997830317
I-B5 Subordinate    Prorata   WANR           3,961,930.12
7.08883405%    0.00 0.00                0.00
0.9997830325
II-A Senior    Shift Interest Reduced PT
74,075,139.00
7.41308002%    0.00 0.00                0.00
0.7895685490
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     7.59308002%         0.00 0.00
0.00   0.9914845158
II-B2     Subordinate    Prorata   Reduced PT
850,994.00     7.59308002%         0.00 0.00
0.00   0.9914845346
II-B3     Subordinate    Prorata   Reduced PT
386,815.00     7.59308002%         0.00 0.00
0.00   0.9914845340
II-B4     Subordinate    Prorata   Reduced PT
1,237,809.35   7.59308002%         0.00 0.00
0.00   0.9914845045
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           0.00 0.00                0.00
0.9095990888
Report  1 05/23/96 --  4:41pm
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:               April 1996                  Phone:
(410) 884-2114
11000 Broken Land Parkway
Distribution Date:                May 28, 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     04/30/1996
7.08883405%     142,291,578.93              807,823.19
953,014.67     0.00     141,371,308.89       1,760,837.86
I-B1 04/30/1996          7.08883405%      12,606,028.81
71,567.43 5,521.86  0.00      12,603,407.89
77,089.29
I-B2 04/30/1996          7.08883405%         8,554,091.53
48,563.61 3,746.98  0.00 8,552,313.05          52,310.59
I-B3 04/30/1996          7.08883405%         4,051,938.29
23,003.82 1,774.88  0.00 4,051,095.86          24,778.70
I-B4 04/30/1996          7.08883405%         1,890,903.87
10,735.11      828.28    0.00 1,890,510.73
11,563.39
I-B5 04/30/1996          7.08883405%         3,961,894.23
22,492.62 1,735.44  0.00 3,961,070.51          24,228.06
II-A 04/30/1996          7.41308002%      60,235,470.18
372,108.63       1,748,070.16 0.00      58,487,400.02
2,120,178.79
II-AX     04/30/1996                    0.08000000%
0.00 4,233.24       0.00 0.00         0.00
4,233.24
II-B1     04/30/1996                    7.59308002%

806,177.62          5,101.14       782.85    0.00
805,394.77          5,883.99
II-B2     04/30/1996                    7.59308002%
844,567.52          5,344.06       820.13    0.00
843,747.39          6,164.19
II-B3     04/30/1996                    7.59308002%
383,893.88          2,429.11       372.79    0.00
383,521.09          2,801.90
II-B4     04/30/1996                    7.59308002%

1,228,461.71        7,773.17  1,192.92  0.00 1,227,268.79
8,966.09
R    04/30/1996                    0.00000000%
0.00      0.00      0.00 0.00         0.00
0.00
R-1  04/30/1996          0.00000000%               0.00
0.00 0.00 0.00             0.00                0.00
R-2  04/30/1996          0.00000000%               0.00

0.00      0.00 0.00         0.00                    0.00
____________________________________________________________
____________________________________________________________
____________________________________ Totals
236,855,006.57           1,381,175.13
2,717,860.96   0.00
234,177,038.99           4,099,036.09
Report  2 05/23/96 --  4:41pm
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:    April 1996                Phone:
(410) 884-2114
11000 Broken Land Parkway                     Distribution
Date:       May 28, 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
5.42081280     0.41824846     5.97685655     6.39510501
(0.21972941)        0.9486573435
I-B1 863572GB3  12,606,143.00           5.67718691
0.43802930               0.00000000     0.43802930
(0.23012114)        0.9997830336
I-B2 863572GC1      8,554,169.00                  5.67718618
0.43802969               0.00000000     0.43802969
(0.23012171)        0.9997830356
I-B3 863572GD9      4,051,975.00                  5.67718705
0.43802837               0.00000000     0.43802837
(0.23012235)        0.9997830342
I-B4 863572GH0      1,890,921.00                  5.67718588
0.43802993               0.00000000     0.43802993
(0.23012067)        0.9997830317
I-B5 863572GJ6      3,961,930.12                  5.67718746
0.43802893               0.00000000     0.43802893
(0.23012016)        0.9997830325
II-A 863572GE7  74,075,139.00           5.02339429
0.78964158     22.80896631    23.59860789         0.00000000
0.7895685490
II-AX     863572GG2           0.00      N/A
N/A  N/A       N/A                 N/A
N/A
II-B1     863572GK3            812,312.00
6.27977920     0.96373068     0.00000000     0.96373068
0.00000000     0.9914845158
II-B2     863572GL1       850,994.00
6.27978576     0.96373182     0.00000000          0.96373182
0.00000000     0.9914845346
II-B3     863572GM9       386,815.00
6.27977198     0.96374236     0.00000000          0.96374236
0.00000000     0.9914845340
II-B4     863572GN7 1,237,809.35             6.27977968
0.96373484          0.00000000     0.96373484
0.00000000     0.9914845045
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
0.9095990888
Report  3 05/23/96 --  4:41pm
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:    April 1996          Phone:
(410) 884-2114
11000 Broken Land Parkway

Distribution Date:  May 28, 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
142,291,578.93        62,328.44           890,686.23   0.00
0.00
953,014.67      (32,744.63)   141,371,308.89
0.00
I-B1      12,606,028.81  5,521.86  0.00 0.00 0.00
5,521.86       (2,900.94)    12,603,407.89
0.00
I-B2 8,554,091.53   3,746.98  0.00 0.00 0.00 3,746.98
(1,968.50)     8,552,313.05            0.00
I-B3 4,051,938.29   1,774.88  0.00 0.00 0.00 1,774.88
(932.45)     4,051,095.86            0.00
I-B4 1,890,903.87   828.28             0.00 0.00  0.00
828.28         (435.14)     1,890,510.73
0.00
I-B5 3,961,894.23   1,735.44  0.00 0.00 0.00 1,735.44
(911.72)     3,961,070.51            0.00

II-A      60,235,470.18       58,492.81
1,689,577.35   0.00 0.00     1,748,070.16    0.00
58,487,400.02             0.00
II-AX     0.00      0.00 0.00 0.00 0.00
0.00 0.00       0.00          0.00
II-B1       806,177.62        782.85         0.00 0.00 0.00
782.85    0.00      805,394.77         0.00
II-B2       844,567.52        820.13         0.00 0.00 0.00
820.13    0.00      843,747.39         0.00
II-B3       383,893.88        372.79         0.00 0.00 0.00
372.79    0.00      383,521.09         0.00
II-B4     1,228,461.71   1,192.92  0.00 0.00 0.00
1,192.92  0.00     1,227,268.79        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
236,855,006.57      137,597.38     2,580,263.58   0.00 0.00
2,717,860.96      (39,893.38)   234,177,038.99

0.00
*Principal Balance Reduction
Realized Losses Principal Balance Reduction
0.00
Negative Amortization Principal Balance Reduction
(39,893.38)
Other                                   0.00
Report  4 05/23/96 --  4:41pm
Page  1 of  1
EXHIBIT 21.1                       PAGE 10
                         Structured Asset Securities
Corporation Series 1995-02

Norwest Bank Minnesota, N.A.
Contact:                Andy Rosenfeld
Securities Administration Services
Reporting   Month:             April 1996           Phone:
(410) 884-2114
11000 Broken Land Parkway

Distribution Date:          May 28, 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
7.08883405%   142,291,578.93       840,567.82          0.00
0.00

0.00                 32,744.63        807,823.19
141,371,308.89
I-B1 7.08883405%    12,606,028.81  74,468.37 0.00 0.00
0.00                  2,900.94         71,567.43
12,603,407.89
I-B2 7.08883405%    8,554,091.53   50,532.11 0.00 0.00
0.00                  1,968.50         48,563.61
8,552,313.05
I-B3 7.08883405%    4,051,938.29   23,936.27 0.00 0.00
0.00 932.45            23,003.82     4,051,095.86
I-B4 7.08883405%    1,890,903.87   11,170.25 0.00 0.00
0.00 435.14            10,735.11     1,890,510.73
I-B5 7.08883405%    3,961,894.23   23,404.34 0.00 0.00
0.00 911.72            22,492.62     3,961,070.51
II-A 7.41308002%    60,235,470.18  372,108.63     0.00
0.00 0.00 0.00           372,108.63    58,487,400.02
II-AX          0.08000000%    63,498,570.92
4,233.24
0.00 0.00 0.00 0.00         4,233.24    61,747,332.07
II-B1          7.59308002%         806,177.62

5,101.14  0.00 0.00 0.00 0.00         5,101.14
805,394.77
II-B2          7.59308002%         844,567.52
5,344.06  0.00 0.00 0.00 0.00         5,344.06
843,747.39
II-B3          7.59308002%         383,893.88
2,429.11  0.00 0.00 0.00 0.00         2,429.11
383,521.09

II-B4          7.59308002%    1,228,461.71
7,773.17
0.00 0.00 0.00 0.00         7,773.17     1,227,268.79

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
1,421,068.51   0.00 0.00 0.00        39,893.38
1,381,175.13
Report  5 05/23/96 --  4:41pm
Page  1 of  1
EXHIBIT   21.1                          PAGE 11
                         Structured Asset Securities
Corporation Series 1995-02
Norwest Bank Minnesota, N.A.
Contact:                                   Andy Rosenfeld

Securities Administration Services     Reporting
Month:              April 1996               Phone:
(410) 884-2114
11000 Broken Land Parkway              Distribution Date:
May 28, 1996                              InvestorDirect:
(800) 605-4167
Columbia, MD 21044-7800
                                        Fund Account Summary
____________________________________________________________
____________________________________________________________
______________________________________________________
Proceeds Account
     Beginning Balance                 (0.00)

     DEPOSITS:                     WITHDRAWALS:
               Interest Net of Servicing Fee 1,433,416.01
Interest Payments
1,381,175.13
Scheduled Principal

137,597.38          Scheduled Principal Payment
137,597.38
          Other Principal
2,580,263.58        Other Principal Payments
2,580,263.58
          Negative Amortization
(39,893.38)         Reserve Fund 1
0.00
          Deposits from Reserve Fund         0.00
Fees and Expenses                                 12,347.50
          Gain/Loss Adjustment          0.00           Other
Withdrawals                                 0.00
          Other Deposits      0.00
     Total Deposit                 4,111,383.59   Total
Withdrawals
4,111,383.59
                         Ending Balance
(0.00)
____________________________________________________________
____________________________________________________________
______________________________________________________
Report  6
     05/23/96 --  4:41pm
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:
April 1996     Phone:
(410) 884-2114
11000 Broken Land Parkway              Distribution Date:
May 28, 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
0.00            0.00            0.00    0.00            0.00
0.00            0.00
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      0.00            0.00
0.00 0.00       0.00            0.00            0.00
____________________________________________________________
____________________________________________________________
________________________________________
     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               51 10,182,434.00        16
3,539,000.71      7  2,404,457.07   18  5,254,576.46
5  1,328,925.18        97      22,709,393.42
2               14  1,552,302.78         2   239,958.57
4    768,488.32        13  1,155,149.33         1
25,924.08        34       3,741,823.08
____________________________________________________________
____________________________________________________________
________________________________________ Totals
65 11,734,736.78        18  3,778,959.28       11
3,172,945.39        31  6,409,725.79         6  1,354,849.26
131      26,451,216.50
Report  7 05/23/96 --  4:41pm
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:    April 1996     Phone:
(410) 884-2114
11000 Broken Land Parkway             Distribution Date: May
28, 1996  InvestorDirect:             (800) 605-
4167
Columbia, MD 21044-7800
Collateral Summary Total|
Pool 1       Pool 2

____________________________________________________________
_____________________________________________ Monthly P&I
Constant            1,625,356.91|  1,115,017.82
510,339.09
                              | Positive Amortization
137,597.38|
75,935.88 61,661.50
Negative Amortization    (39,893.38)|
(39,893.38)         0.00
Regular Curtailments          31,161.87|
25,449.52  5,712.35
Regular Curtailment Interest               201.15|
160.09         41.06
Prepaid Curtailments           7,322.21|
718.95     6,603.26
Prepaid Curtailment Interest
28.70|              0.00      28.70
Liquidations             2,540,510.61|        863,285.75
1,677,224.86
Principal Adjustments          1,039.04|
1,071.92    (32.88)
     Total Principal Trust Distribution
2,677,967.58|        926,728.73         1,751,238.85
               | Scheduled Interest            1,527,652.91|
1,078,975.32 448,677.59
Servicing Fee                      74,017.21|
54,173.90 19,843.31
Master Servicing Fee                          3,312.18|
722.25     2,589.93
Spread                   20,219.67|     0.00
20,219.67
Total Pass-Through Interest
1,430,103.85|  1,024,079.17           406,024.68
               | Beginning Balance
236,855,006.57| 173,356,435.65        63,498,570.92
Ending Balance             234,177,038.99|
172,429,706.92        61,747,332.07
Gross P&I Distribution             4,131,603.28|
1,951,530.15         2,180,073.13
Realized Losses/(Gains)  0.00|
0.00      0.00
Net P&I Trust Distribution              4,131,603.28|
1,951,530.15         2,180,073.13
               | Beginning Loan Count
1160| 660       500
Number of Loan Payoffs    10|
1           9
Ending Loan Count                             1150|
659       491
               | Weighted Average Maturity
362.9008443800| 379.6505499900       317.1727402700
Weighted Average Gross Rate             7.739686470%|
7.468833670%         8.479137400%
Weighted Average Net Rate               7.364686370%|
7.093833570%         8.104137280%
Weighted Average Pass-Through Rate           7.245464830%|
7.088834050%         7.673080020%
Weighted Average Margin            2.592600000%|
2.399200000%         2.848000000%
               | Advances on Delinquencies
|
     Current Period Principal                      9,516.01|
5,984.22   3,531.79
Current Period Interest                  159,164.00|
133,883.34     25,280.66
               |
               |
Report  8
05/23/96 --  4:41pm

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:          April 1996                    Phone:
(410) 884-2114

11000 Broken Land Parkway               Distribution Date:
May 28, 1996     InvestorDirect:
(800) 605-4167
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  0.00  0.00            0.00      14.65486549%
34,318,330.08     234,177,038.99
                    Scheduled Unscheduled
     Principal  Principal Percentage     Percentage
 Pool #
____________________________________________________________
_______________________________________ 1         Senior
82.08035565%   100.00000000%
1         Subordinate                   17.91964435%
0.00000000%
2         Senior              94.86114303%
100.00000000%
2         Subordinate                   5.13885697%
0.00000000%
Report  9 05/23/96 --  4:42pm
Page  1 of  1
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