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 ~~of Report~~Exchange ~~(Date~~Act of ~~earliest event reported) May 31, 2006~~1934

Date of Report (Date of earliest event reported) May 1, 2006

STRUCTURED ASSET MORTGAGE INVESTMENTS II INC.

(Exact name of registrant as specified in its charter)

Delaware	333- 132232	30-0183252
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)
383 Madison Avenue New York, New York		~~10179~~10l79
(Address of Principal Executive Offices)		(Zip Code)

Registrant’s telephone number, including area code, is (212) 272-2000

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):

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

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

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

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

Item 9.01(c).
(a)	Not applicable
(b)	Not applicable
(c)	Not applicable
(d)	Exhibits: 5.1 Opinion of Thacher Proffitt & Wood LLP 8.1 Opinion of Thacher Proffitt & Wood LLP (contained in Exhibit 5.1) 23.1 Consent of Thacher Proffitt & Wood LLP (contained in Exhibit 5.1)

Item 9.01 Financial Statements and Exhibits.

~~SIGNATURES~~(a) Not applicable

~~Pursuant~~(b) ~~to the requirements of the Securities Exchange Act of 1934, the registrant~~Not ~~has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.~~applicable

(c)

Exhibits:

	Exhibit No.	Description
	1.1	Underwriting Agreement dated May 12, 2006, between Bear, Stearns, & Co. Inc., as underwriter Structured Asset Mortgage Investments II Inc., as depositor and Terms Agreement, dated May 26, 2006, between Bear, Stearns & Co. Inc., as underwriter and Structured Asset Mortgage Investments II Inc., as depositor, relating to the Underwriting Agreement, dated May 12, 2006.

	Exhibit No.	Description
	4.1	Pooling and Servicing Agreement, dated as of May 1, 2006 among Structured Asset Mortgage Investments II Inc., as depositor, Wells Fargo Bank, N.A., as master servicer and securities administrator, EMC Mortgage Corporation, as seller and company and U.S. Bank National Association, as trustee

SIGNATURE

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

STRUCTURED ASSET MORTGAGE

INVESTMENTS II INC.

By: _/s/ Baron ~~Silverstein~~ Silverstein___________

Name: Baron Silverstein

Title: Vice President

Dated: ~~May~~June 3115, 2006

EXHIBIT INDEX

	Exhibit No.	Description
	1.1	Underwriting Agreement dated May 12, 2006, between Bear, Stearns, & Co. Inc., as underwriter Structured Asset Mortgage Investments II Inc., as depositor and Terms Agreement, dated May 26, 2006, between Bear, Stearns & Co. Inc., as underwriter and Structured Asset Mortgage Investments II Inc., as depositor, relating to the Underwriting Agreement, dated May 12, 2006.
	4.1	Pooling and Servicing Agreement, dated as of May 1, 2006 among Structured Asset Mortgage Investments II Inc., as depositor, Wells Fargo Bank, N.A., as master servicer and securities administrator, EMC Mortgage Corporation, as seller and company and U.S. Bank National Association, as trustee

Filing Compare · Bear Stearns ARM Trust 2006-2