UNITED STATES

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~~SECURITIES ofEXCHANGE ~~Report~~ACT ~~(Date~~OF ~~of earliest event reported) June 30, 2004~~ 1934

Date of Report (Date of earliest event reported)

27-Sep-04

STRUCTURED ASSET SECURITIES CORPORATION (as Depositor under the Indenture dated as of June 1, 2004, providing for the issuance of SASCO Mortgage Loan Trust 2004-GEL2 Mortgage Backed Notes, Series 2004-GEL2)

Structured Asset Securities Corporation

(Exact Name of Registrant as Specified in its Charter)

Delaware	333-115858-03	~~333~~74-~~115858~~2440850	~~74-2440850~~
(State or Other Jurisdiction		(Commission	(I.R.S. Employer
(State or Other Jurisdiction Of Incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)
Of Incorporation)		File Number)	Identification No.)

745 Seventh Avenue, 7th Floor
New York, New York		10019
(Address of Principal		(Zip Code)
Executive Offices)

745 Seventh Avenue, 7th Floor

New York, New York

(Address of Principal
Executive Offices)

10019

(Zip Code)

Registrant’'s telephone number, including area code: (212) 526-7000

~~None~~Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

~~(Former~~ [ ] ~~Name~~Written orcommunications ~~Former~~pursuant ~~Address,~~to ifRule ~~Changed~~425 ~~Since~~under ~~Last~~the ~~Report~~Securities Act (17 CFR 230.425)

~~Item 5.~~ [ ] ~~Other~~Soliciting ~~Events~~ material pursuant to Rule 14a-12(b) under the Exchange Act (17 CFR 240.14a-12(b))

~~The Registrant registered issuances of its SASCO Mortgage Loan Trust~~ ~~2004-GEL2~~[ ] ~~Mortgage Backed Notes, Series 2004~~Pre-~~GEL2~~commencement oncommunications ~~a delayed or continuous basis~~ pursuant to Rule ~~415~~ ~~under the Securities Act of 1933, as amended (the “Act”), by a Registration Statement on Form S~~14d-3 2(~~Registration File No. 333-115858~~b) ~~(the “Registration~~under ~~Statement”). Pursuant to~~ the ~~Registration~~Exchange ~~Statement,~~Act ~~the Registrant~~(17 ~~issued~~CFR $137,179,000 aggregate principal amount of Class A1, Class A2, Class M1, Class M2, Class M3 and Class M4 Notes of its SASCO Mortgage Loan Trust 2004-GEL2 Mortgage Backed Notes, Series 2004-GEL2 on June 30, 2004240. ~~This Current Report on Form 8~~14d-~~K is being filed to satisfy an undertaking, contained in the definitive Prospectus dated June 25, 2004, as supplemented by the Prospectus Supplement dated June 28, 2004~~ 2(~~the “Prospectus Supplement”~~b)~~, to file a copy of the Trust Agreement, the Transfer and Servicing Agreement and the Indenture (as defined below~~) ~~and other operative agreements executed in connection with the issuance of the Notes and the Ownership Certificate, forms of which were filed as an exhibit to the Registration Statement.~~

~~The~~ [ ] ~~Ownership~~Pre-commencement ~~Certificate~~communications ~~was issued~~ pursuant to aRule ~~Trust Agreement~~ 13e-4(~~the “Trust Agreement”~~c) ~~dated~~under ~~as of June 1, 2004, among Structured Asset Securities Corporation, as depositor (~~the ~~“Depositor”),~~Exchange ~~Wilmington~~Act ~~Trust Company, as owner trustee~~ (~~the~~17 ~~“Owner~~CFR ~~Trustee”) and U~~240.~~S. Bank National Association, as administrator. The Notes were issued pursuant to an Indenture (the “Indenture”) dated as of June 1, 2004, between SASCO Mortgage Loan Trust 2004~~13e-~~GEL2, as issuer~~ 4(~~the “Issuer”~~c) ~~and U.S. Bank National Association, as indenture trustee (the “Indenture Trustee”~~)~~. The Trust Agreement is attached hereto as Exhibit 4.1. The Indenture is attached hereto as Exhibit 4.2.~~

~~The~~Item Notes are secured by the assets of a trust estate (the “Trust Estate”) that consists primarily of a pool of certain conventional, fixed and adjustable rate, first and second lien, fully amortizing and balloon, residential mortgage loans (the “Mortgage Loans”) with an aggregate outstanding principal balance of $142,009,2888.8201 Other ~~as of June 1, 2004, together with certain other assets~~Events.

~~The~~On 27-Sep-04 a ~~Mortgage~~scheduled ~~Loans~~distribution ~~were~~was ~~sold~~made byfrom ~~Lehman Brothers Holdings, Inc. (~~the ~~“Seller”)~~ toTrust ~~the Registrant pursuant~~ to ~~the~~holders ~~terms~~ of athe ~~Mortgage~~Certificates. ~~Loan~~The ~~Sale and~~Trustee ~~Assignment~~has ~~Agreement~~caused ~~dated~~to asbe offiled ~~June 1,~~with ~~2004 (~~the ~~“Mortgage~~Commission, ~~Loan Sale Agreement”) among~~ the ~~Seller~~Monthly ~~and~~Report ~~the~~dated 27-Sep-04. ~~Depositor~~The ~~and~~Monthly ~~were~~Report ~~simultaneously~~is ~~sold~~filed ~~by the~~pursuant ~~Depositor~~ to ~~the~~and ~~Trust~~in ~~pursuant~~accordance towith ~~the~~(1) ~~Transfer~~numerous ~~and~~no-action ~~Servicing~~letters ~~Agreement~~ (~~defined below~~2). current ACommission ~~copy~~policy ofin the ~~Mortgage Loan Sale Agreement is attached hereto as Exhibit 99~~area.1.

~~The Mortgage Loans will be master serviced by Aurora Loan Services Inc.~~Item (the “Master Servicer”), pursuant to the terms of a Transfer and Servicing Agreement dated as of June 1, 2004 (the “Transfer, and Servicing Agreement”) among the Issuer, the Depositor, the Master Servicer, The Murrayhill Company, as Credit Risk Manager, and U9.S.01 Financial ~~Bank~~Statements ~~National Association, as Indenture Trustee. A copy of the Transfer~~ and ~~Servicing Agreement is attached hereto as Exhibit 99~~Exhibits.2.

~~Item 7.~~(C) ~~Financial Statements; Pro Forma Financial Information and~~ Exhibits

~~(a)~~Exhibit ~~Not applicable~~No. ~~(b) Not applicable~~99. ~~(c) Exhibits:~~1

	4.1		Trust Agreement dated as of June 1, 2004, among Structured Asset Securities Corporation, as Depositor, Wilmington Trust Company, as Owner Trustee, and U.S. Bank National Association, as Administrator.
	4.2		Indenture dated as of June 1, 2004, between SASCO Mortgage Loan Trust 2004-GEL2, as Issuer and U.S. Bank National Association, as Indenture Trustee.
	99.1		Mortgage Loan Sale and Assignment Agreement dated as of June 1, 2004, between Lehman Brothers Holdings Inc., as Seller, and Structured Asset Securities Corporation, as Purchaser.
	99.2		Transfer and Servicing Agreement dated as of June 1, 2004, among SASCO Mortgage Loan Trust 2004-GEL2, as Issuer, Structured Asset Securities Corporation, as Depositor, Aurora Loan Services Inc., as Master Servicer, The Murrayhill Company, as Credit Risk Manager, and U.S. Bank National Association, as Indenture Trustee.
	99.3		Securitization Servicing Agreement dated as of June 1, 2004, by and between Lehman Brothers Holdings Inc., as Seller, Aurora Loan Services Inc., as Master Servicer, and Aurora Loan Services Inc., as Servicer.
	99.4		Securitization Servicing Agreement dated as of June 1, 2004, by and between Lehman Brothers Holdings Inc., as Seller, Aurora Loan Services Inc., as Master Servicer, and Ocwen Federal Bank FSB, as Servicer.
	99.5		Reconstituted Servicing Agreement dated as of June 1, 2004, by and between Lehman Brothers Holdings Inc., as Seller, Aurora Loan Services Inc., as Master Servicer, and Wells Fargo Bank, N.A., as Servicer.
	99.6		Securitization Subservicing Agreement dated as of June 1, 2004, by and between Lehman Brothers Holdings Inc., as Seller, Aurora Loan Services Inc., as Master Servicer, and Wells Fargo Bank, N.A., as Servicer.

Monthly Distribution Report dated: 27-Sep-04

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 hereunto duly authorized.

~~STRUCTURED ASSET SECURITIES CORPORATION~~ By: U.S. ~~/s/~~Bank ~~Mary~~National ~~Stone~~Association, ~~Name:~~as Indenture ~~Mary Stone Title~~Trustee for: ~~Vice President~~

~~Dated:~~SASCO ~~June 30,~~MORTGAGE LOAN TRUST 2004 -GEL2

~~EXHIBIT~~MORTGAGE ~~INDEX~~ BACKED NOTES,

Exhibit No.	Description	Page No.
4.1	Trust Agreement dated as of June 1, 2004, among Structured Asset Securities Corporation, as Depositor, Wilmington Trust Company, as Owner Trustee, and U.S. Bank National Association, as Administrator.
4.2	Indenture dated as of June 1, 2004, between SASCO Mortgage Loan Trust 2004-GEL2, as Issuer and U.S. Bank National Association, as Indenture Trustee.
99.1	Mortgage Loan Sale and Assignment Agreement dated as of June 1, 2004, between Lehman Brothers Holdings Inc., as Seller, and Structured Asset Securities Corporation, as Purchaser.
99.2	Transfer and Servicing Agreement dated as of June 1, 2004, among SASCO Mortgage Loan Trust 2004-GEL2, as Issuer, Structured Asset Securities Corporation, as Depositor, Aurora Loan Services Inc., as Master Servicer, The Murrayhill Company, as Credit Risk Manager and U.S. Bank National Association, as Indenture Trustee.
99.3	Securitization Servicing Agreement dated as of June 1, 2004, by and between Lehman Brothers Holdings Inc., as Seller, Aurora Loan Services Inc., as Master Servicer, and Aurora Loan Services Inc, as Servicer.
99.4	Securitization Servicing Agreement dated as of June 1, 2004, by and between Lehman Brothers Holdings Inc., as Seller, Aurora Loan Services Inc., as Master Servicer, and Ocwen Federal Bank FSB, as Servicer.
99.5	Reconstituted Servicing Agreement dated as of June 1, 2004, by and between Lehman Brothers Holdings Inc., as Seller, Aurora Loan Services Inc., as Master Servicer, and Wells Fargo Bank, N.A., as Servicer.
99.6	Securitization Subservicing Agreement dated as of June 1, 2004, by and between Lehman Brothers Holdings Inc., as Seller, Aurora Loan Services Inc., as Master Servicer, and Wells Fargo Bank, N.A., as Servicer.

SERIES 2004-GEL2

By:

/s/ Charles Pedersen

Name:

Charles Pedersen

Title:

Vice President

Dated: 24-Sep-04

Index to Exhibits

Exhibit No. 99.1

Monthly Distribution Report dated: 27-Sep-04

Filing Compare · SASCO MORTGAGE LOAN TRUST SERIES 2004-GEL2