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 of Report (Date of earliest event reported)

~~October 14~~May 31, ~~2005~~ 2006

STRUCTURED ASSET SECURITIES CORPORATION (as Depositor under the Trust Agreement, dated as of May 1, 2006, providing for the issuance of Lehman XS Trust Mortgage Pass-Through Certificates, Series 2006-GP2)

Lehman XS Trust, Series 2006-GP2

(Issuing Entity)

Structured Asset Securities Corporation

(Exact Name of Depositor as Specified in its Charter)

Lehman Brothers Holdings Inc.

(Exact Name of Sponsor as Specified in its Charter)

Structured Asset Securities Corporation

(Exact Name of Registrant as Specified in its Charter)

Delaware	~~333-127589~~	74333-~~2440850~~129480		74-2440850
(State or Other Jurisdiction Of Incorporation)	~~(Commission File Number)~~	(~~I.R.S.~~Commission ~~Employer~~File ~~Identification No.~~Number)		(I.R.S. Employer Identification No.)

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

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

~~None~~ No Change

(Former Name or Former Address, if Changed Since Last Report)

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:

~~[ ]~~ o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

~~[ ]~~ o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

~~[ ]~~ o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

~~[ ]~~ o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01. ~~Other~~ Other Events.1

InDechert LLP ~~connection~~has ~~with~~been ~~the~~retained ~~offering~~by ofthis ~~the~~Registrant ~~First~~as ~~Franklin~~counsel ~~Mortgage~~for ~~Loan~~its ~~Trust~~Registration Statement ~~Mortgage~~on ~~Pass-Through~~Form ~~Certificates, Series 2005~~S-~~FF10,~~3 ~~Lehman~~(Commission ~~Brothers~~File ~~Inc~~No. ~~as underwriter of the Certificates (the “Underwriter”~~333-129480) ~~has~~in ~~prepared~~connection ~~certain~~with various ~~materials~~transactions. ~~(the~~Legal ~~“Collateral~~opinions ~~Term~~by ~~Sheet”),~~Dechert ~~for~~LLP ~~distribution~~ to ~~potential~~be ~~investors. Although~~incorporated ~~Structured Asset Securities Corporation provided~~ into the Registration ~~Underwriter~~Statement ~~with~~are ~~certain~~attached ~~information~~hereto ~~regarding~~as ~~the~~Exhibit ~~characteristics of the mortgage loans in the related portfolio~~5.1, itExhibit ~~did~~8.1 ~~not~~and Exhibit ~~participate in the preparation of the Collateral Term Sheet filed hereby~~23.1.

~~For~~Item 9.01. ~~purposes~~Financial Statements of this Form 8-K, “Collateral Term Sheet” shall mean certain descriptive information about the mortgage loans underlying the offering of Structured Asset Securities Corporation Mortgage Pass-Through Certificates, including data regarding the contractual and related characteristics of the underlying mortgage loans, such as the weighted average coupon, weighted average maturity and other factual information regarding the types of assets comprising the mortgage pool. The Collateral Term Sheets will be filed hereby as Exhibit 99.1.Exhibits

1(a) Not applicable.

~~.Capitalized~~(b) ~~terms~~Not ~~used but not otherwise defined herein shall have the same meanings ascribed to them in the Prospectus~~applicable.

~~Item~~(c) ~~9.01. Financial~~Not ~~Statements and Exhibits~~applicable.

(ad) Exhibits:

~~Not~~5.1 ~~applicable~~Opinion of Dechert LLP as to legality (including consent of such firm).

8.1 Opinion of Dechert LLP as to certain tax matters (bincluding consent of such firm included in Exhibit 5.1).

~~Not~~23.1 ~~applicable~~Consent of Dechert LLP (included in Exhibit 5.1).

(c)

Not applicable.

(d)

Exhibits:

99.1

Collateral Term Sheet

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the Registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

STRUCTURED ASSET SECURITIES CORPORATION By: /s/ Michael C. Hitzmann Name: Michael C. Hitzmann Title: Senior Vice President

~~CORPORATION~~ Dated: May 31, 2006

By: /s/ Ellen V. Kiernan __

Name: Ellen V. Kiernan

Title: Senior Vice President

Dated: October 18, 2005

EXHIBIT INDEX

Exhibit No. Description

~~Description~~5.1 Opinion of Dechert LLP as to legality (including consent of such firm).

998.1 Opinion of Dechert LLP as to certain tax matters (including consent of such firm included in Exhibit 5.1).

~~Collateral~~23.1 ~~Term~~Consent ~~Sheet~~of Dechert LLP (included in Exhibit 5.1).

Exhibit 99.1 Collateral Term Sheet

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