TRANSFER SUPPLEMENT

Receivables Purchase Transfer Agreement

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This Receivables Purchase Transfer Agreement involves

Lehman Brothers Holdings Inc. | Structured Asset Securities Corporation

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Title: TRANSFER SUPPLEMENT
Governing Law: New York Date: 8/16/2004

TRANSFER SUPPLEMENT

Supplement No: 1

Dated: July 1, 2004

This TRANSFER SUPPLEMENT is made as of the date first above written by Lehman Brothers Holdings Inc. (the “Seller”) and Structured Asset Securities Corporation (the “Depositor”).

W I T N E S S E T H:

WHEREAS, the parties have previously executed and delivered that certain Mortgage Loan Sale and Assignment Agreement (the “Mortgage Loan Sale Agreement”), dated as of June 1, 2004 between the Seller and the Depositor;

WHEREAS, the Seller desires to sell, and the Depositor desires to purchase the Subsequent Mortgage Loans identified on Schedule I attached hereto;

NOW THEREFORE, in consideration of the foregoing, the parties agree as follows:

Schedule of Subsequent Mortgage Loans . Attached hereto as Schedule I is the schedule of Subsequent Mortgage Loans (the “Schedule”) conveyed to the Depositor pursuant to Section 3 of this Transfer Supplement.

Definitions Relating to Subsequent Mortgage Loans . The following terms as used in the Mortgage Loan Sale Agreement shall have the following meanings with respect to the Subsequent Mortgage Loans identified on the Schedule.

Subsequent Cut-off Date : July 1, 2004.

Transfer Date : July 30, 2004.

Transfer Price : $80,775,433

Conveyance of Subsequent Mortgage Loans . The Seller does hereby sell, transfer, assign, set over and otherwise convey to the Depositor, without recourse (except to the extent specified in the Mortgage Loan Sale Agreement), all right, title and interest of the Seller, in and to each of the Subsequent Mortgage Loans identified on the Schedule and all items in the related Mortgage File.

Concurrently with the execution and delivery of this Transfer Supplement, the Seller hereby assigns to the Depositor all of its rights and interest under each Transfer Agreement and the Servicing Agreement listed on Schedule II attached hereto, except any servicing rights thereunder, and delegates to the Depositor all of its obligations thereunder, to the extent relating to the Subsequent Mortgage Loans.

Transfer Price . The Depositor hereby pays to the Seller the Transfer Price in return for the Subsequent Mortgage Loans identified on the Schedule attached hereto.

Incorporation by Reference; Ratification of Mortgage Loan Sale Agreement . As supplemented by this Transfer Supplement, the Mortgage Loan Sale Agreement is incorporated herein by reference and is in all respects ratified and confirmed and the Mortgage Loan Sale Agreement as so supplemented by this Transfer Supplement shall be read, taken and construed as one and the same instrument.

Representations and Warranties . All representations and warranties of the Seller and the Depositor set forth in the Mortgage Loan Sale Agreement are true and correct as of the date hereof and as of the Transfer Date.

Counterparts . This Transfer Supplement may be executed in two or more counterparts (and by different parties in separate counterparts), each of which shall be an original but all of which together shall constitute the same instrument.

Governing Law . THIS TRANSFER SUPPLEMENT SHALL BE GOVERNED BY AND CONSTRUED IN ACCORDANCE WITH THE LAWS OF THE STATE OF NEW YORK, WITHOUT REFERENCE TO ITS CONFLICT OF LAW PROVISIONS (OTHER THAN SECTION 5-1401 OF THE GENERAL OBLIGATIONS LAW), AND THE OBLIGATIONS, RIGHTS AND REMEDIES OF THE PARTIES HEREUNDER SHALL BE DETERMINED IN ACCORDANCE WITH SUCH LAWS.

[SIGNATURE PAGE IMMEDIATELY FOLLOWS]

IN WITNESS WHEREOF, the parties hereto have caused this Transfer Supplement to be duly executed by their respective officers as of the day and year first above written.

LEHMAN BROTHERS HOLDINGS INC.,
as Seller

By: /s/ Joseph J. Kelly

Name:

Joseph J. Kelly

Title: Authorized Signatory

STRUCTURED ASSET SECURITIES CORPORATION,
as Depositor

By: /s/ Ellen V. Kiernan

Name: Ellen V. Kiernan

Title: Senior Vice President

SCHEDULE I TO
TRANSFER SUPPLEMENT

Schedule of Subsequent Mortgage Loans

SCHEDULE II TO

TRANSFER SUPPLEMENT

Schedule of Additional Transfer Agreements and Servicing Agreements

Flow Purchase and Warranties Agreement by and between Lehman Brothers Bank, FSB and Platinum Capital dated as of February 23, 2004;

Underlying transfer document represented by buy-id BNC 2004-WL-5-2;

Underlying transfer document represented by buy-id SIB INTENTORY INTRADAY;

Underlying transfer document represented by buy-id BNC 2004-WL-5-1;

Underlying transfer document represented by buy-id OWNIT 2004-WL-3C;

Underlying transfer document represented by buy-id PROVIDENT 2004-WL-1B;

Underlying transfer document represented by buy-id OWNIT 2004-WL-2A;

Underlying transfer document represented by buy-id OWNIT 2004-WL-3B;

Underlying transfer document represented by buy-id MORTGAGEIT 2004-WL-4;

10.

Underlying transfer document represented by buy-id OWNIT 2004-WL-3A;

11.

Underlying transfer document represented by buy-id FINANCE AMERICA 2002-WL-4;

12.

Underlying transfer document represented by buy-id OAK STREET 2003-WL-1;

13.

Underlying transfer document represented by buy-id HOME MORTGAGE 2002-2; and

14.

Underlying transfer document represented by buy-id AAMES CAPITAL 2003-3.

LOANID	ALOANID	SLOANID	NAME	ORIGBAL	CURBAL
6302-0617	107325433	31864655	WENDY B. LOCKE	64,000.00	63,208.83
4078136	107920258	31905441	COLBERT COLBERT	85,000.00	83,790.53
2116813112	108670795	32146524	LEWIS DELMOST	112,950.00	106,656.26
6803-0109	108861774	32154411	JUAN QUIROZ	154,000.00	151,584.45
1002138493	108675927	32158503	JAMES ATWOOD	110,000.00	108,893.48
36367811	109121517	36367811	BATISTA BATISTA	45,000.00	44,656.52
31068513	109202986	32450017	ROBERT TRAVIS	59,750.00	59,065.90
36320612	109387944	36320612	BRADLEY BRADLEY	94,500.00	93,796.46
36363109	109390815	36363109	LABART LABART	119,200.00	117,783.72
105342786	105342786	35702489	PERALTA PERALTA JULIO	207,000.00	205,443.57
3060141	109562199	32790578	WRIGHT WRIGHT	104,000.00	102,941.45
36482644	109935858	36482644	VERA-ANN KAUHANE	53,900.00	52,236.91
4-112-49855	110056595	32954992	ENRIQUEZ BALTAZAR	229,600.00	229,594.30
4-118-49888	110056728	32955114	DAN BURCHETT	143,900.00	143,707.34
4-108-49741	110057288	32955643	RICHARD HSU	289,600.00	289,600.00
4-119-49670	110057734	32956096	JOSE NEGRETE	212,000.00	212,000.00
8-162-46610	109955351	32957193	GEORGE POPE	160,000.00	158,487.69
9-126-97623	109955385	32957334	TYLER J. SAMPLE	207,200.00	207,200.00
4-112-49823	109954859	32957383	JAMES STANFIELD	248,000.00	248,000.00
20307955	109952275	32947418	GRACIE M. COLLINS	69,800.00	69,421.92
36519643	110294907	36519643	CLAUDIA CARDONA	297,000.00	294,495.81
LAS000960	110419363	1100006459	JEFFREY BEST	266,400.00	263,965.97
36642106	110814829	36642106	LESA DASH	62,900.00	62,648.59
36654515	110818408	36654515	OSCAR ACOSTA	187,999.00	186,830.64
36757912	111078994	36757912	LENA HORNE	80,750.00	80,475.82
36654317	111080073	36654317	WILLIE GRICE	114,750.00	114,404.39
36741460	111080123	36741460	SUSAN MCKENZIE-RUDDOCK	115,200.00	114,862.51
36782928	111080537	36782928	GEORGE YATES	125,400.00	125,077.69
36705333	111082954	36705333	MICHAEL HANCHARD	228,650.00	227,865.34
36811685	111083705	36811685	TANYA MORRISON	297,500.00	296,504.48
6602-1417	107326274	31865306	DIANE M. WILSON	26,600.00	26,375.62
400059820	400059820	1000451782	KURTH A HENTGES	280,950.00	280,950.00
400076220	400076220	1000454155	STEVEN B WARDER	86,400.00	86,400.00
400065835	400065835	1000452715	EVANGLINE G. FERNANDEZ	218,000.00	217,585.24
400086682	400086682	1000455403	WILLIAM E GRAHAM	259,600.00	259,550.00
400509956	400509956	4400509956	BERNARD PAYNE	152,900.00	152,666.60
400063947	400063947	1000452406	MOHAMMED YASIN	228,500.00	228,498.17
400024550	400024550	1000442642	GEORGE ALTON WISE	184,850.00	184,850.00
400038279	400038279	1000447369	TIMOTHY G STOUFFER JR	174,400.00	174,043.51
400524872	400524872	4400524872	TRAVIS E STOUT	205,200.00	205,100.00
400530572	400530572	4400530572	BRYAN FEATHERINGILL	32,300.00	32,267.24
400556445	400556445	4400556445	QUE NGOC LUU	311,000.00	310,408.28
400560165	400560165	4400560165	JEB HORN	168,000.00	168,000.00
400569497	400569497	4400569497	ANDREI GRYNIV	213,000.00	212,666.67
400575858	400575858	4400575858	DWARAKA KRISHNAADDEPALLI	187,850.00	187,447.13
400576989	400576989	4400576989	DAVID A DOWLEN	143,000.00	142,686.24
400068680	400068680	1000453144	SECUNDINO BEJINES JR	294,400.00	294,338.67
400521480	400521480	4400521480	STEVE GOLDBERG	111,650.00	111,650.00
400539920	400539920	4400539920	DAVID NGUYEN	248,000.00	248,000.00
400572665	400572665	4400572665	PETER L COFFEY	151,200.00	151,200.00
400541017	400541017	4400541017	JAMIE K BAIER	189,200.00	189,200.00
400577847	400577847	4400577847	JAMES A LOVINGGOOD	326,400.00	326,400.00
400543682	400543682	4400543682	STANLEY KAY PALMER	180,000.00	180,000.00
400543799	400543799	4400543799	STANLEY KAY PALMER	180,000.00	180,000.00
400551180	400551180	4400551180	JON SUGIMOTO	136,800.00	136,800.00
400592325	400592325	4400592325	JEFF HEMRY	137,200.00	136,968.80
400018883	400018883	1000440022	RONALD BLANNON	39,300.00	39,229.86
400035994	400035994	1000446764	DAVON DAVID SHIPLEY	23,250.00	23,227.50
400045597	400045597	1000449049	RONALD J BRADLEY	52,900.00	52,814.91
400050811	400050811	1000450147	PAM ZIELINSKI	22,500.00	22,473.66
400056883	400056883	1000451268	RYAN DEAN	18,600.00	18,586.73
400057733	400057733	1000451430	MARIO PADILLA	44,500.00	44,457.48
400068094	400068094	1000453057	CONSTANCE M JORDAN	28,600.00	28,510.93
400030557	400030557	1000445035	JACK L DANCER	17,500.00	17,484.39
400040887	400040887	1000447985	FRANK M ORTIZ JR	57,350.00	57,094.58
400048385	400048385	1000449625	BRETT A REICHEL	24,000.00	23,982.87
400058426	400058426	1000451538	MICHAEL W DOUGLASS	23,100.00	23,067.42
400076592	400076592	1000454201	MARIA E VILLA	21,570.00	21,550.77
400081972	400081972	1000454853	JENNY L ROEHM	42,750.00	42,719.49
400003968	400003968	1000401318	ESTHER HUFF	28,150.00	28,124.91
400023479	400023479	1000442202	AARON LEONARD	50,600.00	49,035.30
400037339	400037339	1000447100	MONTE D CAPPS	14,700.00	14,676.36
400038139	400038139	1000447335	DAVID C RICH	21,825.00	21,809.42
400045282	400045282	1000448974	MONTY R KOSCHENE	53,400.00	53,328.54
400048443	400048443	1000449639	GARY A FRITZSCHE	17,150.00	17,137.77
400048880	400048880	1000449705	JAMES D HUDSON	30,250.00	30,223.03
400066254	400066254	1000452782	MICHAEL A BAKER	21,600.00	21,583.72
400072971	400072971	1000453693	SUSAN E BIEGNER	33,700.00	33,653.70
400031787	400031787	1000445465	SHIRLEY FRANKE	50,000.00	49,777.27
400043741	400043741	1000448648	SUSAN EILEEN FOY	50,000.00	49,919.56
400059721	400059721	1000451767	RYAN A HALL	18,100.00	18,083.86
400067450	400067450	1000452942	JESUS CALDERON	15,600.00	15,584.49
400080669	400080669	1000454697	PETER NIELSON	15,050.00	14,966.54
400062329	400062329	1000452133	MARK R MUELLER	47,500.00	47,445.88
400066346	400066346	1000452792	GREG M ARMSTRONG	37,400.00	37,222.33
400066627	400066627	1000452828	GREG M ARMSTRONG	37,400.00	37,251.21
400067179	400067179	1000452913	VJERA MARIA MELTON	38,250.00	38,222.71
400077046	400077046	1000454264	DEBBIE GONDEK	23,500.00	23,479.03
400090239	400090239	1000455801	LINNEA THURSTON	11,900.00	11,880.86
400032447	400032447	1000445723	REGINA S GALLEGOS	12,600.00	12,575.45
400035069	400035069	1000446505	ALLEN CUTLER	10,000.00	9,914.43
400037347	400037347	1000447103	BILLIE-MAC HOWIE	29,900.00	29,855.51
400054227	400054227	1000450743	MICHAEL H DISMER	22,450.00	22,433.54
400054961	400054961	1000450902	JUSTIN TANOS	17,950.00	17,934.43
400056115	400056115	1000451097	CARL R YOUNG	57,500.00	57,442.79
400062204	400062204	1000452121	THOMS R MONROE	23,150.00	23,104.95
400072310	400072310	1000453610	SCOTT C MRACHEK	31,950.00	31,836.50
400076816	400076816	1000454237	GARY GIORDANO	23,500.00	23,478.50
400079547	400079547	1000454570	ELLIOTT LEIGHTON	12,800.00	12,779.39
400075826	400075826	1000454110	MIKI CARPENTER	33,000.00	32,958.39
400076790	400076790	1000454233	JOSE J LOPES	19,100.00	19,069.28
400075701	400075701	1000454091	HIROSHI INOUE	23,250.00	23,218.05
400081659	400081659	1000454815	CHRISTOPHER L. BLAIR	21,975.00	21,954.86
400085239	400085239	1000455227	RALPH A EDWARDS	33,000.00	32,455.16
400105615	400105615	1000443847	MARK KNAUSS	24,600.00	24,565.44
400007555	400007555	1000428273	KRYSTEN M CHRISTENSEN	31,300.00	31,257.00
400023115	400023115	1000442078	MI

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