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)  December
                          25, 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) 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 December 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 December
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 December 25, 1996.




Exhibit 21.1 Page 6
                                                Structured
Asset Securities Corporation Series 1995-02
Norwest Bank Minnesota, N.A.
Contact:                           Patrick Benz
Securities Administration Services
Reporting   Month:      November 1996
Phone:                           (410) 715-7491
11000 Broken Land Parkway
Distribution Date:  December 26, 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       6.86711401%               0.00
0.00               0.00   0.9013978883
I-B1     Subordinate    Prorata          WANR
12,606,143.00       6.86711401%               0.00
0.00               0.00   0.9965983362
I-B2     Subordinate    Prorata          WANR
8,554,169.00       6.86711401%               0.00
0.00               0.00   0.9965983382
I-B3     Subordinate    Prorata          WANR
4,051,975.00       6.86711401%               0.00
0.00               0.00   0.9965983378
I-B4     Subordinate    Prorata          WANR
1,890,921.00       6.86711401%               0.00
0.00               0.00   0.9965983296
I-B5     Subordinate    Prorata          WANR
3,961,930.12       6.86711401%       1,319,818.08
0.00               0.00   0.6638477763
II-A     Senior         Shift Interest   Reduced PT
74,075,139.00       7.47678513%               0.00
0.01               0.00   0.6690849709
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       7.65678513%               0.00
0.00               0.00   0.9845638129
II-B2    Subordinate    Prorata          Reduced PT
850,994.00       7.65678513%               0.00
0.00               0.00   0.9845638277
II-B3    Subordinate    Prorata          Reduced PT
386,815.00       7.65678513%               0.00
0.00               0.00   0.9845638613
II-B4    Subordinate    Prorata          Reduced PT
1,237,809.35       7.65678513%         229,599.78
0.00               0.00   0.7995875698
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                         1,549,417.86
0.01               0.00   0.8410945566

Exhibit 21.1 Page 7

                                           Structured Asset
Securities Corporation Series 1995-02
Norwest Bank Minnesota, N.A.
Contact:                           Patrick Benz
Securities Administration Services
Reporting   Month:      November 1996                Phone:
(410) 715-7491
11000 Broken Land Parkway
Distribution Date:  December 26, 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        11/29/1996          6.86711401%
135,224,226.79         752,605.27         916,869.27
0.00     134,328,585.74       1,669,474.54
I-B1       11/29/1996          6.86711401%
12,570,178.61          69,960.71           8,890.80
0.00      12,563,261.14          78,851.51
I-B2       11/29/1996          6.86711401%
8,529,764.60          47,473.34           6,033.04
0.00       8,525,070.61          53,506.38
I-B3       11/29/1996          6.86711401%
4,040,415.02          22,487.37           2,857.76
0.00       4,038,191.55          25,345.13
I-B4       11/29/1996          6.86711401%
1,885,526.33          10,494.10           1,333.62
0.00       1,884,488.71          11,827.72
I-B5       11/29/1996          6.86711401%
2,940,814.71          16,367.43           2,080.02
309,077.85       2,630,118.50          18,447.45
II-A       11/29/1996          7.47678513%
50,806,641.85         316,558.62       1,244,079.63
0.00      49,562,562.22       1,560,638.25
II-AX      11/29/1996          0.08000000%
0.00           3,562.56               0.00
0.00               0.00           3,562.56
II-B1      11/29/1996          7.65678513%
801,414.35          10,219.41           1,641.35
0.00         799,773.00          11,860.76
II-B2      11/29/1996          7.65678513%
839,577.42          10,706.05           1,719.51
0.00         837,857.91          12,425.56
II-B3      11/29/1996          7.65678513%
381,625.66           4,866.38             781.59
0.00         380,844.07           5,647.97
II-B4      11/29/1996          7.65678513%
609,080.88          11,666.70           1,866.64
(382,522.73)         989,736.97          13,533.34
R          11/29/1996          0.00000000%
0.00               0.00               0.00
0.00               0.00               0.00
R-1        11/29/1996          0.00000000%
0.00               0.00               0.00
0.00               0.00               0.00
R-2        11/29/1996          0.00000000%
0.00               0.00               0.00
0.00               0.00               0.00
____________________________________________________________
____________________________________________________________
____________________________________
Totals
218,629,266.22       1,276,967.94       2,188,153.23
(73,444.88)     216,540,490.42       3,465,121.17

Exhibit 21.1 Page 8

                                       Structured Asset
Securities Corporation Series 1995-02
Norwest Bank Minnesota, N.A.
Contact:                           Patrick Benz
Securities Administration Services              Reporting
Month:      November 1996             Phone:
(410) 715-7491
11000 Broken Land Parkway                       Distribution
Date:  December 26, 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
5.05027874      0.64180306      5.51075203      6.15255509
(0.14244974)    0.9013978883
I-B1             863572GB3              12,606,143.00
5.54973159      0.70527520      0.00000000      0.70527520
(0.15653717)    0.9965983362
I-B2             863572GC1               8,554,169.00
5.54973136      0.70527482      0.00000000      0.70527482
(0.15653771)    0.9965983382
I-B3             863572GD9               4,051,975.00
5.54973069      0.70527582      0.00000000      0.70527582
(0.15653848)    0.9965983378
I-B4             863572GH0               1,890,921.00
5.54972947      0.70527537      0.00000000      0.70527537
(0.15653748)    0.9965983296
I-B5             863572GJ6               3,961,930.12
4.13117584      0.52500169      0.00000000      0.52500169
77.89541477    0.6638477763
II-A             863572GE7              74,075,139.00
4.27347993      0.71090977     16.08392378     16.79483355
0.00000000    0.6690849709
II-AX            863572GG2                       0.00
N/A             N/A             N/A             N/A
N/A             N/A
II-B1            863572GK3                 812,312.00
12.58064635      2.02059061      0.00000000      2.02059061
0.00000000    0.9845638129
II-B2            863572GL1                 850,994.00
12.58064099      2.02059004      0.00000000      2.02059004
0.00000000    0.9845638277
II-B3            863572GM9                 386,815.00
12.58063932      2.02057831      0.00000000      2.02057831
0.00000000    0.9845638613
II-B4            863572GN7               1,237,809.35
9.42528023      1.50801899      0.00000000      1.50801899
(309.03202500)    0.7995875698
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
0.8410945566

Exhibit 21.1 Page 9

                                               Structured
Asset Securities Corporation Series 1995-02
Norwest Bank Minnesota, N.A.
Contact:                           Patrick Benz
Securities Administration Services
Reporting   Month:      November 1996
Phone:                           (410) 715-7491
11000 Broken Land Parkway
Distribution Date:  December 26, 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           135,224,226.79        95,643.11
821,226.16             0.00             0.00
916,869.27      (21,228.22)   134,328,585.74
0.00
I-B1           12,570,178.61         8,890.80
0.00             0.00             0.00         8,890.80
(1,973.33)    12,563,261.14             0.00
I-B2            8,529,764.60         6,033.04
0.00             0.00             0.00         6,033.04
(1,339.05)     8,525,070.61             0.00
I-B3            4,040,415.02         2,857.76
0.00             0.00             0.00         2,857.76
(634.29)     4,038,191.55             0.00
I-B4            1,885,526.33         1,333.62
0.00             0.00             0.00         1,333.62
(296.00)     1,884,488.71             0.00
I-B5            2,940,814.71         2,080.02
0.00             0.00             0.00         2,080.02
308,616.19     2,630,118.50             0.00
II-A           50,806,641.85        52,660.74
1,191,418.89             0.00             0.00
1,244,079.63             0.00    49,562,562.22
0.00
II-AX                   0.00             0.00
0.00             0.00             0.00             0.00
0.00             0.00             0.00
II-B1             801,414.35         1,641.35
0.00             0.00             0.00         1,641.35
0.00       799,773.00             0.00
II-B2             839,577.42         1,719.51
0.00             0.00             0.00         1,719.51
0.00       837,857.91             0.00
II-B3             381,625.66           781.59
0.00             0.00             0.00           781.59
0.00       380,844.07             0.00
II-B4             609,080.88         1,866.64
0.00             0.00             0.00         1,866.64
(382,522.73)       989,736.97             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        218,629,266.22       175,508.18
2,012,645.05             0.00             0.00
2,188,153.23      (99,377.43)   216,540,490.42
0.00

Exhibit 21.1 Page 10

                                               Structured
Asset Securities Corporation Series 1995-02
Norwest Bank Minnesota, N.A.
Contact:                           Patrick Benz
Securities Administration Services
Reporting   Month:      November 1996
Phone:                           (410) 715-7491
11000 Broken Land Parkway
Distribution Date:  December 26, 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               6.86711401%   135,224,226.79
773,833.49             0.00             0.00
0.00        21,228.22       752,605.27   134,328,585.74
I-B1              6.86711401%    12,570,178.61
71,934.04             0.00             0.00             0.00
1,973.33        69,960.71    12,563,261.14
I-B2              6.86711401%     8,529,764.60
48,812.39             0.00             0.00             0.00
1,339.05        47,473.34     8,525,070.61
I-B3              6.86711401%     4,040,415.02
23,121.66             0.00             0.00             0.00
634.29        22,487.37     4,038,191.55
I-B4              6.86711401%     1,885,526.33
10,790.10             0.00             0.00             0.00
296.00        10,494.10     1,884,488.71
I-B5              6.86711401%     2,940,814.71
16,829.09             0.00             0.00             0.00
461.66        16,367.43     2,630,118.50
II-A              7.47678513%    50,806,641.85
316,558.62             0.00             0.00
0.00             0.00       316,558.62    49,562,562.22
II-AX             0.08000000%    53,438,340.17
3,562.56             0.00             0.00             0.00
0.00         3,562.56    52,570,774.17
II-B1             7.65678513%       801,414.35
5,113.55       (5,105.86)             0.00             0.00
0.00        10,219.41       799,773.00
II-B2             7.65678513%       839,577.42
5,357.05       (5,349.00)             0.00             0.00
0.00        10,706.05       837,857.91
II-B3             7.65678513%       381,625.66
2,435.02       (2,431.36)             0.00             0.00
0.00         4,866.38       380,844.07
II-B4             7.65678513%       609,080.88
3,886.33       (7,780.37)             0.00             0.00
0.00        11,666.70       989,736.97
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
1,282,233.90      (20,666.59)             0.00
0.00        25,932.55     1,276,967.94

Exhibit 21.1 Page 11


Structured Asset Securities Corporation Series 1995-02
Norwest Bank Minnesota, N.A.
Contact:                           Patrick Benz
Securities Administration Services
Reporting   Month:      November 1996
Phone:                           (410) 715-7491
11000 Broken Land Parkway
Distribution Date:  December 26, 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               1,292,714.21
Interest Payments                              1,276,967.94
    Scheduled Principal                           172,226.84
Scheduled Principal Payment                      175,508.18
    Other Principal                             1,942,481.51
Other Principal Payments                       2,012,645.05
    Negative Amortization                        (25,932.55)
Reserve Fund 1                                         0.00
    Deposits from Reserve Fund                          0.00
Fees and Expenses                                 26,912.12
    Gain/Loss Adjustment                          110,543.28
Other Withdrawals                                      0.00
    Other Deposits                                      0.00

   Total Deposit
3,492,033.29                Total Withdrawals
3,492,033.29


Ending Balance
0.00

Exhibit 21.1 Page 12

                                                 Structured
Asset Securities Corporation Series 1995-02
Norwest Bank Minnesota, N.A.
Contact:                           Patrick Benz
Securities Administration Services
Reporting   Month:      November 1996
Phone:                           (410) 715-7491
11000 Broken Land Parkway
Distribution Date:  December 26, 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
309,077.85      309,077.85            0.00            0.00
0.00    1,319,818.08    1,319,818.08
2                    0.00            0.00            0.00
(419,621.13)    (419,621.13)            0.00            0.00
0.00      229,599.77      229,599.77
____________________________________________________________
____________________________________________________________
_________________________________________________
Totals               0.00            0.00            0.00
(110,543.28)    (110,543.28)            0.00            0.00
0.00    1,549,417.85    1,549,417.85





____________________________________________________________
____________________________________________________________
________________________________________
             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                  45  8,557,678.96        12  2,661,592.07
13  3,664,033.76        18  4,595,753.23        10
2,244,168.54        98      21,723,226.56
2                  15  1,949,482.13         2    403,398.69
5  1,090,893.40         1     42,670.35         2
83,399.77        25       3,569,844.34
____________________________________________________________
____________________________________________________________
________________________________________
Totals             60 10,507,161.09        14  3,064,990.76
18  4,754,927.16        19  4,638,423.58        12
2,327,568.31       123      25,293,070.90


Exhibit 21.1 Page 13

                                        Structured Asset
Securities Corporation Series 1995-02
Norwest Bank Minnesota, N.A.
Contact:                           Patrick Benz
Securities Administration Services               Reporting
Month:      November 1996              Phone:
(410) 715-7491
11000 Broken Land Parkway
Distribution Date:  December 26, 1996
InvestorDirect:                  (800) 605-4167
Columbia, MD 21044-7800


Collateral Summary


Total|              Pool 1               Pool 2

Monthly P&I Constant
1,524,273.35|        1,088,537.12           435,736.23

|
Positive Amortization
172,226.84|          116,838.34            55,388.50
Negative Amortization
(25,932.55)|         (25,932.55)                 0.00
Regular Curtailments
17,876.13|           11,897.19             5,978.94
Regular Curtailment Interest
115.25|               71.90                43.35
Prepaid Curtailments
3,090.56|               82.76             3,007.80
Prepaid Curtailment Interest
(7.02)|                0.00               (7.02)
Liquidations
1,921,560.59|        1,118,394.60           803,165.99
Principal Adjustments
(154.00)|            (142.44)              (11.56)
   Total Principal Trust Distribution
2,088,775.80|        1,221,209.80           867,566.00

|
Scheduled Interest
1,377,979.06|          997,631.33           380,347.73
Servicing Fee
68,321.78|           51,622.31            16,699.47
Master Servicing Fee
2,859.34|              688.25             2,171.09
Spread
16,943.04|                0.00            16,943.04
     Total Pass-Through Interest
1,289,854.90|          945,320.77           344,534.13

|
Beginning Balance
218,629,266.22|      165,190,926.05        53,438,340.17
Ending Balance
216,540,490.42|      163,969,716.25        52,570,774.17
Gross P&I Distribution
3,398,433.08|        2,167,218.82         1,231,214.26
Realized Losses/(Gains)
(110,543.28)|          309,077.85         (419,621.13)
Net P&I Trust Distribution
3,508,976.36|        1,858,140.97         1,650,835.39

|
Beginning Loan Count
1082|                 638                  444
Number of Loan Payoffs
7|                   3                    4
Ending Loan Count
1075|                 635                  440

|
Weighted Average Maturity
356.3684444800|      371.8169708200       308.6132866000
Weighted Average Gross Rate
7.563373830%|        7.247114740%         8.541007720%
Weighted Average Net Rate
7.188373090%|        6.872113680%         8.166007970%
Weighted Average Pass-Through Rate
7.079682910%|        6.867114010%         7.736785130%
Weighted Average Margin
2.583800000%|        2.400300000%         2.847400000%

|
Advances on Delinquencies
|
  Current Period Principal
11,708.27|            8,662.62             3,045.65
  Current Period Interest
142,585.87|          118,293.13            24,292.74

Exhibit 21.1 Page 14

                                              Structured
Asset Securities Corporation Series 1995-02
Norwest Bank Minnesota, N.A.
Contact:                           Patrick Benz
Securities Administration Services
Reporting   Month:      November 1996
Phone:                           (410) 715-7491
11000 Broken Land Parkway
Distribution Date:  December 26, 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      309,077.85    (382,522.73)
1,549,417.86      15.07770782%   32,649,342.46
216,540,490.42
Scheduled   Unscheduled

Principal     Principal

Percentage    Percentage
 Pool #
____________________________________________________________
_______________________________________
1        Senior
81.85935513% 100.00000000%
1        Subordinate
18.14064487%   0.00000000%
2        Senior
95.07526186% 100.00000000%
2        Subordinate
4.92473814%   0.00000000%
[{"type": "8-K", "sequence": "1", "secsgml_size_bytes": 28750}]
{"company-data": {"conformed-name": "STRUCTURED ASSET SECURITIES CORP SERIES 1995-2", "cik": "0001006208", "assigned-sic": "6189", "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": "97507083"}, "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)  December
                          25, 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) 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 December 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 December
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 December 25, 1996.

Exhibit 21.1 Page 6
                                                Structured
Asset Securities Corporation Series 1995-02
Norwest Bank Minnesota, N.A.
Contact:                           Patrick Benz
Securities Administration Services
Reporting   Month:      November 1996
Phone:                           (410) 715-7491
11000 Broken Land Parkway
Distribution Date:  December 26, 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       6.86711401%               0.00
0.00               0.00   0.9013978883
I-B1     Subordinate    Prorata          WANR
12,606,143.00       6.86711401%               0.00
0.00               0.00   0.9965983362
I-B2     Subordinate    Prorata          WANR
8,554,169.00       6.86711401%               0.00
0.00               0.00   0.9965983382
I-B3     Subordinate    Prorata          WANR
4,051,975.00       6.86711401%               0.00
0.00               0.00   0.9965983378
I-B4     Subordinate    Prorata          WANR
1,890,921.00       6.86711401%               0.00
0.00               0.00   0.9965983296
I-B5     Subordinate    Prorata          WANR
3,961,930.12       6.86711401%       1,319,818.08
0.00               0.00   0.6638477763
II-A     Senior         Shift Interest   Reduced PT
74,075,139.00       7.47678513%               0.00
0.01               0.00   0.6690849709
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       7.65678513%               0.00
0.00               0.00   0.9845638129
II-B2    Subordinate    Prorata          Reduced PT
850,994.00       7.65678513%               0.00
0.00               0.00   0.9845638277
II-B3    Subordinate    Prorata          Reduced PT
386,815.00       7.65678513%               0.00
0.00               0.00   0.9845638613
II-B4    Subordinate    Prorata          Reduced PT
1,237,809.35       7.65678513%         229,599.78
0.00               0.00   0.7995875698
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                         1,549,417.86
0.01               0.00   0.8410945566

Exhibit 21.1 Page 7

                                           Structured Asset
Securities Corporation Series 1995-02
Norwest Bank Minnesota, N.A.
Contact:                           Patrick Benz
Securities Administration Services
Reporting   Month:      November 1996                Phone:
(410) 715-7491
11000 Broken Land Parkway
Distribution Date:  December 26, 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        11/29/1996          6.86711401%
135,224,226.79         752,605.27         916,869.27
0.00     134,328,585.74       1,669,474.54
I-B1       11/29/1996          6.86711401%
12,570,178.61          69,960.71           8,890.80
0.00      12,563,261.14          78,851.51
I-B2       11/29/1996          6.86711401%
8,529,764.60          47,473.34           6,033.04
0.00       8,525,070.61          53,506.38
I-B3       11/29/1996          6.86711401%
4,040,415.02          22,487.37           2,857.76
0.00       4,038,191.55          25,345.13
I-B4       11/29/1996          6.86711401%
1,885,526.33          10,494.10           1,333.62
0.00       1,884,488.71          11,827.72
I-B5       11/29/1996          6.86711401%
2,940,814.71          16,367.43           2,080.02
309,077.85       2,630,118.50          18,447.45
II-A       11/29/1996          7.47678513%
50,806,641.85         316,558.62       1,244,079.63
0.00      49,562,562.22       1,560,638.25
II-AX      11/29/1996          0.08000000%
0.00           3,562.56               0.00
0.00               0.00           3,562.56
II-B1      11/29/1996          7.65678513%
801,414.35          10,219.41           1,641.35
0.00         799,773.00          11,860.76
II-B2      11/29/1996          7.65678513%
839,577.42          10,706.05           1,719.51
0.00         837,857.91          12,425.56
II-B3      11/29/1996          7.65678513%
381,625.66           4,866.38             781.59
0.00         380,844.07           5,647.97
II-B4      11/29/1996          7.65678513%
609,080.88          11,666.70           1,866.64
(382,522.73)         989,736.97          13,533.34
R          11/29/1996          0.00000000%
0.00               0.00               0.00
0.00               0.00               0.00
R-1        11/29/1996          0.00000000%
0.00               0.00               0.00
0.00               0.00               0.00
R-2        11/29/1996          0.00000000%
0.00               0.00               0.00
0.00               0.00               0.00
____________________________________________________________
____________________________________________________________
____________________________________
Totals
218,629,266.22       1,276,967.94       2,188,153.23
(73,444.88)     216,540,490.42       3,465,121.17

Exhibit 21.1 Page 8

                                       Structured Asset
Securities Corporation Series 1995-02
Norwest Bank Minnesota, N.A.
Contact:                           Patrick Benz
Securities Administration Services              Reporting
Month:      November 1996             Phone:
(410) 715-7491
11000 Broken Land Parkway                       Distribution
Date:  December 26, 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
5.05027874      0.64180306      5.51075203      6.15255509
(0.14244974)    0.9013978883
I-B1             863572GB3              12,606,143.00
5.54973159      0.70527520      0.00000000      0.70527520
(0.15653717)    0.9965983362
I-B2             863572GC1               8,554,169.00
5.54973136      0.70527482      0.00000000      0.70527482
(0.15653771)    0.9965983382
I-B3             863572GD9               4,051,975.00
5.54973069      0.70527582      0.00000000      0.70527582
(0.15653848)    0.9965983378
I-B4             863572GH0               1,890,921.00
5.54972947      0.70527537      0.00000000      0.70527537
(0.15653748)    0.9965983296
I-B5             863572GJ6               3,961,930.12
4.13117584      0.52500169      0.00000000      0.52500169
77.89541477    0.6638477763
II-A             863572GE7              74,075,139.00
4.27347993      0.71090977     16.08392378     16.79483355
0.00000000    0.6690849709
II-AX            863572GG2                       0.00
N/A             N/A             N/A             N/A
N/A             N/A
II-B1            863572GK3                 812,312.00
12.58064635      2.02059061      0.00000000      2.02059061
0.00000000    0.9845638129
II-B2            863572GL1                 850,994.00
12.58064099      2.02059004      0.00000000      2.02059004
0.00000000    0.9845638277
II-B3            863572GM9                 386,815.00
12.58063932      2.02057831      0.00000000      2.02057831
0.00000000    0.9845638613
II-B4            863572GN7               1,237,809.35
9.42528023      1.50801899      0.00000000      1.50801899
(309.03202500)    0.7995875698
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
0.8410945566

Exhibit 21.1 Page 9

                                               Structured
Asset Securities Corporation Series 1995-02
Norwest Bank Minnesota, N.A.
Contact:                           Patrick Benz
Securities Administration Services
Reporting   Month:      November 1996
Phone:                           (410) 715-7491
11000 Broken Land Parkway
Distribution Date:  December 26, 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           135,224,226.79        95,643.11
821,226.16             0.00             0.00
916,869.27      (21,228.22)   134,328,585.74
0.00
I-B1           12,570,178.61         8,890.80
0.00             0.00             0.00         8,890.80
(1,973.33)    12,563,261.14             0.00
I-B2            8,529,764.60         6,033.04
0.00             0.00             0.00         6,033.04
(1,339.05)     8,525,070.61             0.00
I-B3            4,040,415.02         2,857.76
0.00             0.00             0.00         2,857.76
(634.29)     4,038,191.55             0.00
I-B4            1,885,526.33         1,333.62
0.00             0.00             0.00         1,333.62
(296.00)     1,884,488.71             0.00
I-B5            2,940,814.71         2,080.02
0.00             0.00             0.00         2,080.02
308,616.19     2,630,118.50             0.00
II-A           50,806,641.85        52,660.74
1,191,418.89             0.00             0.00
1,244,079.63             0.00    49,562,562.22
0.00
II-AX                   0.00             0.00
0.00             0.00             0.00             0.00
0.00             0.00             0.00
II-B1             801,414.35         1,641.35
0.00             0.00             0.00         1,641.35
0.00       799,773.00             0.00
II-B2             839,577.42         1,719.51
0.00             0.00             0.00         1,719.51
0.00       837,857.91             0.00
II-B3             381,625.66           781.59
0.00             0.00             0.00           781.59
0.00       380,844.07             0.00
II-B4             609,080.88         1,866.64
0.00             0.00             0.00         1,866.64
(382,522.73)       989,736.97             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        218,629,266.22       175,508.18
2,012,645.05             0.00             0.00
2,188,153.23      (99,377.43)   216,540,490.42
0.00

Exhibit 21.1 Page 10

                                               Structured
Asset Securities Corporation Series 1995-02
Norwest Bank Minnesota, N.A.
Contact:                           Patrick Benz
Securities Administration Services
Reporting   Month:      November 1996
Phone:                           (410) 715-7491
11000 Broken Land Parkway
Distribution Date:  December 26, 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               6.86711401%   135,224,226.79
773,833.49             0.00             0.00
0.00        21,228.22       752,605.27   134,328,585.74
I-B1              6.86711401%    12,570,178.61
71,934.04             0.00             0.00             0.00
1,973.33        69,960.71    12,563,261.14
I-B2              6.86711401%     8,529,764.60
48,812.39             0.00             0.00             0.00
1,339.05        47,473.34     8,525,070.61
I-B3              6.86711401%     4,040,415.02
23,121.66             0.00             0.00             0.00
634.29        22,487.37     4,038,191.55
I-B4              6.86711401%     1,885,526.33
10,790.10             0.00             0.00             0.00
296.00        10,494.10     1,884,488.71
I-B5              6.86711401%     2,940,814.71
16,829.09             0.00             0.00             0.00
461.66        16,367.43     2,630,118.50
II-A              7.47678513%    50,806,641.85
316,558.62             0.00             0.00
0.00             0.00       316,558.62    49,562,562.22
II-AX             0.08000000%    53,438,340.17
3,562.56             0.00             0.00             0.00
0.00         3,562.56    52,570,774.17
II-B1             7.65678513%       801,414.35
5,113.55       (5,105.86)             0.00             0.00
0.00        10,219.41       799,773.00
II-B2             7.65678513%       839,577.42
5,357.05       (5,349.00)             0.00             0.00
0.00        10,706.05       837,857.91
II-B3             7.65678513%       381,625.66
2,435.02       (2,431.36)             0.00             0.00
0.00         4,866.38       380,844.07
II-B4             7.65678513%       609,080.88
3,886.33       (7,780.37)             0.00             0.00
0.00        11,666.70       989,736.97
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
1,282,233.90      (20,666.59)             0.00
0.00        25,932.55     1,276,967.94

Exhibit 21.1 Page 11

Structured Asset Securities Corporation Series 1995-02
Norwest Bank Minnesota, N.A.
Contact:                           Patrick Benz
Securities Administration Services
Reporting   Month:      November 1996
Phone:                           (410) 715-7491
11000 Broken Land Parkway
Distribution Date:  December 26, 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               1,292,714.21
Interest Payments                              1,276,967.94
    Scheduled Principal                           172,226.84
Scheduled Principal Payment                      175,508.18
    Other Principal                             1,942,481.51
Other Principal Payments                       2,012,645.05
    Negative Amortization                        (25,932.55)
Reserve Fund 1                                         0.00
    Deposits from Reserve Fund                          0.00
Fees and Expenses                                 26,912.12
    Gain/Loss Adjustment                          110,543.28
Other Withdrawals                                      0.00
    Other Deposits                                      0.00

   Total Deposit
3,492,033.29                Total Withdrawals
3,492,033.29

Ending Balance
0.00

Exhibit 21.1 Page 12

                                                 Structured
Asset Securities Corporation Series 1995-02
Norwest Bank Minnesota, N.A.
Contact:                           Patrick Benz
Securities Administration Services
Reporting   Month:      November 1996
Phone:                           (410) 715-7491
11000 Broken Land Parkway
Distribution Date:  December 26, 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
309,077.85      309,077.85            0.00            0.00
0.00    1,319,818.08    1,319,818.08
2                    0.00            0.00            0.00
(419,621.13)    (419,621.13)            0.00            0.00
0.00      229,599.77      229,599.77
____________________________________________________________
____________________________________________________________
_________________________________________________
Totals               0.00            0.00            0.00
(110,543.28)    (110,543.28)            0.00            0.00
0.00    1,549,417.85    1,549,417.85

____________________________________________________________
____________________________________________________________
________________________________________
             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                  45  8,557,678.96        12  2,661,592.07
13  3,664,033.76        18  4,595,753.23        10
2,244,168.54        98      21,723,226.56
2                  15  1,949,482.13         2    403,398.69
5  1,090,893.40         1     42,670.35         2
83,399.77        25       3,569,844.34
____________________________________________________________
____________________________________________________________
________________________________________
Totals             60 10,507,161.09        14  3,064,990.76
18  4,754,927.16        19  4,638,423.58        12
2,327,568.31       123      25,293,070.90

Exhibit 21.1 Page 13

                                        Structured Asset
Securities Corporation Series 1995-02
Norwest Bank Minnesota, N.A.
Contact:                           Patrick Benz
Securities Administration Services               Reporting
Month:      November 1996              Phone:
(410) 715-7491
11000 Broken Land Parkway
Distribution Date:  December 26, 1996
InvestorDirect:                  (800) 605-4167
Columbia, MD 21044-7800

Collateral Summary

Total|              Pool 1               Pool 2

Monthly P&I Constant
1,524,273.35|        1,088,537.12           435,736.23

|
Positive Amortization
172,226.84|          116,838.34            55,388.50
Negative Amortization
(25,932.55)|         (25,932.55)                 0.00
Regular Curtailments
17,876.13|           11,897.19             5,978.94
Regular Curtailment Interest
115.25|               71.90                43.35
Prepaid Curtailments
3,090.56|               82.76             3,007.80
Prepaid Curtailment Interest
(7.02)|                0.00               (7.02)
Liquidations
1,921,560.59|        1,118,394.60           803,165.99
Principal Adjustments
(154.00)|            (142.44)              (11.56)
   Total Principal Trust Distribution
2,088,775.80|        1,221,209.80           867,566.00

|
Scheduled Interest
1,377,979.06|          997,631.33           380,347.73
Servicing Fee
68,321.78|           51,622.31            16,699.47
Master Servicing Fee
2,859.34|              688.25             2,171.09
Spread
16,943.04|                0.00            16,943.04
     Total Pass-Through Interest
1,289,854.90|          945,320.77           344,534.13

|
Beginning Balance
218,629,266.22|      165,190,926.05        53,438,340.17
Ending Balance
216,540,490.42|      163,969,716.25        52,570,774.17
Gross P&I Distribution
3,398,433.08|        2,167,218.82         1,231,214.26
Realized Losses/(Gains)
(110,543.28)|          309,077.85         (419,621.13)
Net P&I Trust Distribution
3,508,976.36|        1,858,140.97         1,650,835.39

|
Beginning Loan Count
1082|                 638                  444
Number of Loan Payoffs
7|                   3                    4
Ending Loan Count
1075|                 635                  440

|
Weighted Average Maturity
356.3684444800|      371.8169708200       308.6132866000
Weighted Average Gross Rate
7.563373830%|        7.247114740%         8.541007720%
Weighted Average Net Rate
7.188373090%|        6.872113680%         8.166007970%
Weighted Average Pass-Through Rate
7.079682910%|        6.867114010%         7.736785130%
Weighted Average Margin
2.583800000%|        2.400300000%         2.847400000%

|
Advances on Delinquencies
|
  Current Period Principal
11,708.27|            8,662.62             3,045.65
  Current Period Interest
142,585.87|          118,293.13            24,292.74

Exhibit 21.1 Page 14

                                              Structured
Asset Securities Corporation Series 1995-02
Norwest Bank Minnesota, N.A.
Contact:                           Patrick Benz
Securities Administration Services
Reporting   Month:      November 1996
Phone:                           (410) 715-7491
11000 Broken Land Parkway
Distribution Date:  December 26, 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      309,077.85    (382,522.73)
1,549,417.86      15.07770782%   32,649,342.46
216,540,490.42
Scheduled   Unscheduled

Principal     Principal

Percentage    Percentage
 Pool #
____________________________________________________________
_______________________________________
1        Senior
81.85935513% 100.00000000%
1        Subordinate
18.14064487%   0.00000000%
2        Senior
95.07526186% 100.00000000%
2        Subordinate
4.92473814%   0.00000000%