STRUCTURED ASSET SECURITIES CORPORATION
MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 2005-GEL1

REPORTS TO NOTEHOLDERS
Section 4.03 of the Trust Agreement, dated January 1, 2005

Distribution Date:

27-Jun-05

(i),(xv),(xviii)	Principal Distributions & Pool Balance:
	Beginning Balance	132,352,361.47
	Scheduled Principal	153,073.60
	Prepayments (Includes Curtailments)	5,930,914.57
	Net Liquidation Proceeds	0.00
	Repurchases	0.00
	LPMI Insurance Proceeds	0.00
	Total Principal Remittance	6,083,988.17
	Net Realized Losses	0.00
	Negative Amortization	21.11
	Ending Balance	126,268,394.41
	Count	1,075

(ii)

Aggregate Pool Balance (includes Prefund Amount)

126,268,394.41

(xii)	Balance of Deleted Mortgage Loans					0.00
	Balance of Substituted Mortgage Loans					0.00

(xvii)	Ending Overcollateralization Amount	1,704,098.84
	Target Overcollateralization Amount	4,934,642.59
	Overcollateralization Deficiency Amount	3,230,543.75

(xv),(ix)	Interest Distributions & Fees:	0.00
	Scheduled Interest	808,234.87
	Less: Servicing Fee	55,146.79
	Less: LPMI Fee	0.00
	Less: Trustee Fee	1,654.40
	Less: Credit Risk Manager Fee	1,654.40
	Less: Negative Amortization	21.11
	Net Interest Available	749,758.17

(iv)	Amount of Advances required to be made by servicer	194,867.59
	Amount of Advances actually made by servicer	194,867.59
	Amount of Advance shortfall	0.00

(v),(x)

Delinquency Information & Mortgage Pool characteristics

*Note: The above statistics do not include loans in foreclosure or bankruptcy proceedings or REO properties.

	Current Delinquency Rate (60+days)					5.29802%
	Rolling Three Month Delinquency Rate (60+days)					3.88968%

	Weighted Average Term to Maturity of Mortgage Loans					310
	Weighted Average Gross Coupon of Mortgage Loans					7.32760%
	Weighted Average Net Coupon of Mortgage Loans					6.81260%

(xi)

Balance of Loans which became REO in the prior calendar month

0.00

(viii)	Realized Losses incurred during the related Prepayment Period					0.00
	Cumulative Realized Losses since Cut-Off Date					0.00

(vii)

Prepayment Premiums paid to Class P Certificate

67,552.68

(xi)

Interest Shortfall

(xii)

Payments made under Cap Agreement

0.00

SASCO Mortgage Loan Trust Series 2005-GEL1 8-K