
                                    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): September 27, 2004
                             (Date of earliest event reported)

          Structured Asset Securities Corporation (as Depositor under the
      Trust Agreement, dated as January 1, 2004, providing for the issuance
             of Mortgage Pass-Through Certificates, Series 2004-1)
               (Exact name of registrant as specified in charter)

                                        DELAWARE
                     (State or Other Jurisdiction of Incorporation)

               333-106925-22                         77-2440850
          (Commission File Number)        (I.R.S. Employer Identification No.)


745 Seventh Avenue, 7th Floor, New York, NY 10019
(Address of principal executive offices)      (Zip Code)

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

(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 (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 8.01 Other Events.

This current report on Form 8-K relates to the monthly distribution reported to the holders of Structured Asset Securities Corporation Mortgage Pass-Through Certificates, Series 2004-1, which was made on January 1,2004


Item 9.01 Financial Statements and Exhibits.

(c) Exhibits

Exhibit No. Description

99.1 Monthly distribution report pursuant to Section 4.03 of the Trust
Agreement for distribution on September 27, 2004.


                             SIGNATURES

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.



DEUTSCHE BANK NATIONAL TRUST COMPANY, IN ITS CAPACITY AS TRUSTEE UNDER THE
TRUST AGREEMENT ON BEHALF OF STRUCTURED ASSET SECURITIES CORPORATION, REGISTRANT




                                  By:  /s/  Katherine M. Wannenmacher
                                            Katherine M. Wannenmacher
                                            Vice President
                                            Date:  Sep 27, 2004




                        EXHIBIT INDEX


DOCUMENT

99.1 Monthly distribution report pursuant to Section 4.03 of the Trust
Agreement for distribution on September 27, 2004.


	Structured Asset Investment Loan Trust (SAIL) 2004-1
	Mortgage Pass-Through Certificates


	September 27, 2004 Distribution


	Contents



			TABLE OF CONTENTS

								Page

			1.	Contents				1
			2.	Certificate Payment Report				2
			3.	Collection Account Report				4
			4.	Credit Enhancement Report				7
			5.	Collateral Report				8
			6.	Delinquency Report				11
			7.	REO Report				14
			8.	Foreclosure Report				15
			9.	Prepayment Report				18
			10.	Prepayment Detail Report				21
			11.	Realized Loss Report				32
			12.	Realized Loss Detail Report				35
			13.	Triggers, Adj. Rate Cert. and Miscellaneous Report				36




				Total Number of Pages				36



			CONTACTS

				Administrator: Alan Sueda
				Direct Phone Number: (714)247-6315
				Address: Deutsche Bank
				1761 E. St. Andrew Place, Santa Ana, CA 92705

				Web Site: https://www.corporatetrust.db.com/invr
				Factor Information: (800) 735-7777
				Main Phone Number: (714) 247-6000



ISSUANCE INFORMATION

	Seller:		Structured Asset Securitie					Cut-Off Date: January 1, 2004
	Certificate Insurer(s):							Closing Date: January 29, 2004
								First Payment Date: February 25, 2004
	Servicer(s):		Master Servicer


								Distribution Date: September 27, 2004
	Underwriter(s):		Lehman Brothers					Record Date: September 24, 2004
								August 31, 2004






						Page 1 of 36					© COPYRIGHT 2004 Deutsche Bank
	Structured Asset Investment Loan Trust (SAIL) 2004-1
	Mortgage Pass-Through Certificates
	Series 2004-1
	Certificate Payment Report for September 27, 2004 Distribution


	Distribution in Dollars - Current Period
					Prior						Current
	Class	Original			Principal			Total	Realized	Deferred	Principal
Class	Type	Face Value			Balance	Interest	Principal	Distribution	Losses	Interest	Balance
					(1)	(2)	(3)	(4)=(2)+(3)	(5)	(6)	(7)=(1)-(3)-(5)+(6)

A1	FLT	1,125,979,000.00			826,539,489.92	1,382,731.69	71,029,471.32	72,412,203.01	-	-	755,510,018.59
A2	FLT	446,249,000.00			311,219,299.54	517,791.11	30,754,756.79	31,272,547.90	-	-	280,464,542.76
A3	FLT	541,997,000.00			541,997,000.00	1,086,703.99	-	1,086,703.99	-	-	541,997,000.00
A-IO	FLT	-			-	2,146,415.00	-	2,146,415.00	-	-	-
M1	FLT	113,283,000.00			113,283,000.00	235,203.83	-	235,203.83	-	-	113,283,000.00
M2	MEZ	65,585,000.00			65,585,000.00	205,308.38	-	205,308.38	-	-	65,585,000.00
M3	MEZ	17,886,000.00			17,886,000.00	58,449.96	-	58,449.96	-	-	17,886,000.00
M4	MEZ	17,886,000.00			17,886,000.00	71,566.36	-	71,566.36	-	-	17,886,000.00
M5	MEZ	17,886,000.00			17,886,000.00	75,665.23	-	75,665.23	-	-	17,886,000.00
M6	MEZ	11,923,000.00			11,923,000.00	50,439.26	-	50,439.26	-	-	11,923,000.00
B	MEZ	14,308,000.00			14,308,000.00	71,540.00	-	71,540.00	-	-	14,308,000.00
X	MEZ	11,925,419.94			11,925,519.94	5,330,042.32	-	5,330,042.32	-	-	11,925,519.94
P	MEZ	100.00			100.00	2,013,604.68	-	2,013,604.68	-	-	100.00
R	MEZ	-			-	-	-	-	-	-	-


Total		2,384,907,519.94			1,950,438,409.40	13,245,461.81	101,784,228.11	115,029,689.92	-	-	1,848,654,181.29


	Interest Accrual Detail				Current Period Factor Information per $1,000 of Original Face
						Orig. Principal	Prior				Current
	Period	Period				(with Notional)	Principal			Total	Principal
Class	Starting	Ending		Method	Cusip	Balance	Balance	Interest	Principal	Distribution	Balance
							(1)	(2)	(3)	(4)=(2)+(3)	(5)

A1	08/25/04	09/26/04		A-30/Act	86358EFW1	1,125,979,000.00	734.062971	1.228026	63.082412	64.310438	670.980559
A2	08/25/04	09/26/04		A-30/Act	86358EFX9	446,249,000.00	697.411758	1.160319	68.918377	70.078696	628.493381
A3	08/25/04	09/26/04		A-30/Act	86358EFY7	541,997,000.00	1,000.000000	2.005000	-	2.005000	1,000.000000
A-IO	08/25/04	09/26/04		A-30/Act	86358EFZ4	572,378,000.00	749.999126	3.749996	-	3.749996	749.999126
M1	08/25/04	09/26/04		A-30/Act	86358EGA8	113,283,000.00	1,000.000000	2.076250	-	2.076250	1,000.000000
M2	08/25/04	09/26/04		A-30/Act	86358EGB6	65,585,000.00	1,000.000000	3.130417	-	3.130417	1,000.000000
M3	08/25/04	09/26/04		A-30/Act	86358EGC4	17,886,000.00	1,000.000000	3.267917	-	3.267917	1,000.000000
M4	08/25/04	09/26/04		A-30/Act	86358EGD2	17,886,000.00	1,000.000000	4.001250	-	4.001250	1,000.000000
M5	08/25/04	09/26/04		A-30/Act	86358EGE0	17,886,000.00	1,000.000000	4.230417	-	4.230417	1,000.000000
M6	08/25/04	09/26/04		A-30/Act	86358EGF7	11,923,000.00	1,000.000000	4.230417	-	4.230417	1,000.000000
B	08/25/04	09/26/04		A-30/Act	86358EGG5	14,308,000.00	1,000.000000	5.000000	-	5.000000	1,000.000000
X	08/25/04	09/26/04		A-30/Act	LH0401401	2,396,832,939.88	818.793412	2.223785	-	2.223785	776.330613
P	08/25/04	09/26/04		A-30/Act	LH0401402	100.00	1,000.000000	20,136,046.800000	-	################	1,000.000000
R	08/25/04	09/26/04		A-30/Act	LH0401403	-	-	-	-	-	-


							Page 2 of 36				© COPYRIGHT 2004 Deutsche Bank
	Structured Asset Investment Loan Trust (SAIL) 2004-1
	Mortgage Pass-Through Certificates
	Series 2004-1
	Certificate Payment Report for September 27, 2004 Distribution


	Distribution in Dollars - to Date
											Current
	Original				Unscheduled	Scheduled	Total	Total	Realized	Deferred	Principal
Class	Face Value		Interest		Principal	Principal	Principal	Distribution	Losses	Interest	Balance
	(1)		(2)		(3)	(4)	(5)=(3)+(4)	(6)=(2)+(5)	(7)	(8)	(9)=(1)-(5)-(7)+(8)

A1	1,125,979,000.00		9,808,056.48		110,565.72	370,358,415.69	370,468,981.41	380,277,037.89	-	-	755,510,018.59
A2	446,249,000.00		3,744,327.47		44,617.50	165,739,839.74	165,784,457.24	169,528,784.71	-	-	280,464,542.76
A3	541,997,000.00		8,693,631.92		0.00	-	-	8,693,631.92	-	-	541,997,000.00
A-IO	-		21,464,170.00		-	-	-	21,464,170.00	-	-	-
M1	113,283,000.00		1,458,786.11		-	-	-	1,458,786.11	-	-	113,283,000.00
M2	65,585,000.00		1,359,950.52		-	-	-	1,359,950.52	-	-	65,585,000.00
M3	17,886,000.00		389,211.79		-	-	-	389,211.79	-	-	17,886,000.00
M4	17,886,000.00		486,988.59		-	-	-	486,988.59	-	-	17,886,000.00
M5	17,886,000.00		517,543.83		-	-	-	517,543.83	-	-	17,886,000.00
M6	11,923,000.00		345,000.28		-	-	-	345,000.28	-	-	11,923,000.00
B	14,308,000.00		572,320.00		-	-	-	572,320.00	-	-	14,308,000.00
X	11,925,419.94		47,626,443.75		-	-	-	47,626,443.75	-	100.00	11,925,519.94
P	100.00		9,140,339.86		-	-	-	9,140,339.86	-	-	100.00
R	-		0.00		-	-	-	0.00	-	-	-


Total	2,384,907,519.94		105,606,770.60		155,183.22	536,098,255.43	536,253,438.65	641,860,209.25	-	100.00	1,848,654,181.29


	Interest Detail
	Pass-	Prior Principal				Non-	Prior	Unscheduled		Paid or	Current
	Through	(with Notional)			Accrued	Supported	Unpaid	Interest	Optimal	Deferred	Unpaid
Class	Rate	Balance			Interest	Interest SF	Interest	Adjustments	Interest	Interest	Interest
					(1)	(2)	(3)	(4)	(5)=(1)-(2)+(3)+(4)	(6)	(7)=(5)-(6)

A1	1.82500%	826,539,489.92			1,382,731.69	-	-	-	1,382,731.69	1,382,731.69	-
A2	1.81500%	311,219,299.54			517,791.11	-	-	-	517,791.11	517,791.11	-
A3	2.40600%	541,997,000.00			1,086,703.99	-	-	-	1,086,703.99	1,086,703.99	-
A-IO	6.00000%	429,282,999.90			2,146,415.00	-	-	-	2,146,415.00	2,146,415.00	-
M1	2.26500%	113,283,000.00			235,203.83	-	-	-	235,203.83	235,203.83	-
M2	3.41500%	65,585,000.00			205,308.38	-	-	-	205,308.38	205,308.38	-
M3	3.56500%	17,886,000.00			58,449.96	-	-	-	58,449.96	58,449.96	-
M4	4.36500%	17,886,000.00			71,566.36	-	-	-	71,566.36	71,566.36	-
M5	4.61500%	17,886,000.00			75,665.23	-	-	-	75,665.23	75,665.23	-
M6	4.61500%	11,923,000.00			50,439.26	-	-	-	50,439.26	50,439.26	-
B	5.12051%	14,308,000.00			71,540.00	-	-	-	71,540.00	71,540.00	-
X	2.79845%	1,962,511,021.91			5,330,042.32	-	-	-	5,330,042.32	5,330,042.32	-
P		100.00			2,013,604.68	-	-	-	2,013,604.68	2,013,604.68	-
R		-			-	-	-	-	-	-	-


Total		4,330,306,911.27			13,245,461.81	-	-	-	############	13,245,461.81	-


							Page 3 of 36				© COPYRIGHT 2004 Deutsche Bank
	Structured Asset Investment Loan Trust (SAIL) 2004-1
	Mortgage Pass-Through Certificates

	Collection Account Report for September 27, 2004 Distribution


	Collection Account Report


SUMMARY						GROUP 2	GROUP 1	TOTAL

	Principal Collections					30,752,342.36	71,023,895.10	101,776,237.46
	Principal Other Accounts					0.00	0.00	0.00
	TOTAL NET PRINCIPAL					30,752,342.36	71,023,895.10	101,776,237.46

	Interest Collections					3,081,190.28	8,292,362.24	11,373,552.52
	Interest Withdrawals					765.23	1,923.33	2,688.56
	Interest Other Accounts					0.00	0.00	0.00
	Interest Fees					(231,041.24)	(692,199.62)	(923,240.85)
	Interest Rate Cap Payments					0.00	0.00	784,347.55
	TOTAL NET INTEREST					2,850,914.27	7,602,085.95	11,237,347.78
	TOTAL PRINCIPAL & INTEREST DISTRIBUTABLE					33,603,256.63	78,625,981.05	112,229,237.69

	Prepayment Premiums Collected							2,013,604.68

	TOTAL FUNDS AVAILABLE FOR DISTRIBUTION					33,603,256.63	78,625,981.05	114,242,842.37


PRINCIPAL - COLLECTIONS						GROUP 2	GROUP 1	TOTAL

	Scheduled Principal Received					411,150.40	1,129,816.93	1,540,967.33
	Prepayments In Full					30,037,676.08	69,346,265.37	99,383,941.45
	Curtailments					303,515.88	555,803.45	859,319.33
	Liquidations					0.00	0.00	0.00
	Insurance Principal					0.00	0.00	0.00
	Repurchased Principal Amounts					0.00	0.00	0.00
	Other Principal					0.00	0.00	0.00
	Total Realized Loss Of Principal					0.00	(7,990.65)	(7,990.65)
	Delinquent Principal					(350,783.13)	(973,172.20)	(1,323,955.33)
	Advanced Principal					350,783.13	973,172.20	1,323,955.33

	TOTAL PRINCIPAL COLLECTED					30,752,342.36	71,023,895.10	101,776,237.46


				Page 4 of 36				© COPYRIGHT 2004 Deutsche Bank
	Structured Asset Investment Loan Trust (SAIL) 2004-1
	Mortgage Pass-Through Certificates

	Collection Account Report for September 27, 2004 Distribution


	Collection Account Report


PRINCIPAL - WITHDRAWALS						GROUP 2	GROUP 1	TOTAL
SPACE INTENTIONALLY LEFT BLANK


PRINCIPAL - OTHER ACCOUNTS						GROUP 2	GROUP 1	TOTAL
SPACE INTENTIONALLY LEFT BLANK


INTEREST - COLLECTIONS						GROUP 2	GROUP 1	TOTAL

	Scheduled Interest					3,265,947.79	8,774,980.42	12,040,928.21
	Liquidation Interest					0.00	0.00	0.00
	Repurchased Interest					0.00	0.00	0.00
	Insurance Interest					0.00	0.00	0.00
	Other Interest					0.00	0.00	0.00
	Relief Act Interest Shortfalls					0.00	0.00	0.00
	Net Prepayment Interest Shortfalls					0.00	0.00	0.00
	Delinquent Interest					(2,669,942.98)	(7,273,176.13)	(9,943,119.11)
	Interest Advanced					2,485,185.47	6,790,557.95	9,275,743.42

	TOTAL INTEREST COLLECTED					3,081,190.28	8,292,362.24	11,373,552.52


				Page 5 of 36				© COPYRIGHT 2004 Deutsche Bank
	Structured Asset Investment Loan Trust (SAIL) 2004-1
	Mortgage Pass-Through Certificates

	Collection Account Report for September 27, 2004 Distribution


	Collection Account Report


INTEREST - WITHDRAWALS						GROUP 2	GROUP 1	TOTAL

	Trust Fund Expenses					0.00	0.00	0.00
	Nonrecoverable Advances					0.00	0.00	0.00
	Reimbursements to Master Servicer					(765.23)	(1,923.33)	(1,923.33)

	TOTAL INTEREST WITHDRAWALS					(765.23)	(1,923.33)	(1,923.33)


INTEREST - OTHER ACCOUNTS						GROUP 2	GROUP 1	TOTAL



	Retained Interest Due to Unaffiliated Seller						0.00	0.00

	TOTAL INTEREST OTHER ACCOUNTS					0.00	0.00	0.00


INTEREST - FEES						GROUP 2	GROUP 1	TOTAL

	Current Servicing Fees					42,047.49	102,179.70	144,227.19
	Trustee Fee					340.71	878.32	1,219.02
	PMI Insurance Fees					181,838.86	571,575.30	753,414.16
	Credit Risk Manager's Fee					6,814.17	17,566.31	24,380.48
	TOTAL INTEREST OTHER FEES					231,041.24	692,199.62	923,240.85


				Page 6 of 36				© COPYRIGHT 2004 Deutsche Bank
	Structured Asset Investment Loan Trust (SAIL) 2004-1
	Mortgage Pass-Through Certificates

	Credit Enhancement Report for September 27, 2004 Distribution


	Credit Enhancement Report


ACCOUNTS						GROUP 2	GROUP 1	TOTAL

	Basis Risk Reserve Account Beginning Balance							1,000.00


INSURANCE						GROUP 2	GROUP 1	TOTAL
SPACE INTENTIONALLY LEFT BLANK


STRUCTURAL FEATURES						GROUP 2	GROUP 1	TOTAL

	Beginning Subordinated Amount							11,917,529.29
	Ending Subordinated Amount							11,925,519.94
	Specified Subordinated Amount							11,925,519.94
	Senior Enhancement Percentage							14.64%
	Current Period's Overcollateralization Deficiency Amount							0.00


				Page 7 of 36				© COPYRIGHT 2004 Deutsche Bank
	Structured Asset Investment Loan Trust (SAIL) 2004-1
	Mortgage Pass-Through Certificates

	Collateral Report for September 27, 2004 Distribution


	Collateral Report


COLLATERAL						GROUP 2	GROUP 1	TOTAL
	Loan Count:
	*Original*					2402	11160	13562
	Prior					1,959	9,466	11,425
	Prefunding					-	-	-
	Scheduled Paid Offs					(1)	(3)	(4)
	Full Voluntary Prepayments					(109)	(409)	(518)
	Repurchases					-	-	-
	Liquidations					-	-	-
	Current					1,849	9,054	10,903

	*Principal Balance:*
	Original					680,255,720.32	1,704,651,799.62	2,384,907,519.94
	Prior					545,133,949.67	1,405,304,459.73	1,950,438,409.40
	Prefunding					-	-	-
	Scheduled Principal					(411,150.40)	(1,129,816.93)	(1,540,967.33)
	Partial and Full Voluntary Prepayments					(30,341,191.96)	(69,902,068.82)	(100,243,260.78)
	Repurchases					-	-	-
	Liquidations					-	-	-
	Current					514,381,607.31	1,334,272,573.98	1,848,654,181.29

PREFUNDING						GROUP 2	GROUP 1	TOTAL
SPACE INTENTIONALLY LEFT BLANK


	Group 1
	Group 2
Current Prin Balance by Groups (in millions of dollars)					Total Current Principal Balance (in millions of dollars)


				Page 8 of 36				© COPYRIGHT 2004 Deutsche Bank
	Structured Asset Investment Loan Trust (SAIL) 2004-1
	Mortgage Pass-Through Certificates

	Collateral Report for September 27, 2004 Distribution


	Collateral Report


CHARACTERISTICS						GROUP 2	GROUP 1	TOTAL

	Weighted Average Coupon Original					7.245033%	7.525030%	7.445165%
	Weighted Average Coupon Prior					7.197023%	7.497919%	7.413883%
	Weighted Average Coupon Current					7.189311%	7.493021%	7.408136%
	Weighted Average Months to Maturity Original					349	350	350
	Weighted Average Months to Maturity Prior					345	344	344
	Weighted Average Months to Maturity Current					343	342	342
	Weighted Avg Remaining Amortization Term Original					353	351	352
	Weighted Avg Remaining Amortization Term Prior					347	345	345
	Weighted Avg Remaining Amortization Term Current					346	343	344
	Weighted Average Seasoning Original					4.32	3.84	3.98
	Weighted Average Seasoning Prior					10.23	9.82	9.94
	Weighted Average Seasoning Current					11.23	10.82	10.94

Note: Original information refers to deal issue.


	Group 1
	Group 2
WAC by Groups					Total WAC


WARAT by Groups					Total WARAT


Note: Dates correspond to distribution dates.
				Page 9 of 36				© COPYRIGHT 2004 Deutsche Bank
	Structured Asset Investment Loan Trust (SAIL) 2004-1
	Mortgage Pass-Through Certificates

	Collateral Report for September 27, 2004 Distribution


	Collateral Report


ARM CHARACTERISTICS						GROUP 2	GROUP 1	TOTAL

	Weighted Average Margin Original					3.976%	4.473%
	Weighted Average Margin Prior					3.977%	4.395%
	Weighted Average Margin Current					3.935%	4.363%
	Weighted Average Max Rate Original					9.040%	10.173%
	Weighted Average Max Rate Prior					9.015%	9.978%
	Weighted Average Max Rate Current					8.930%	9.904%
	Weighted Average Min Rate Original					4.603%	5.279%
	Weighted Average Min Rate Prior					4.611%	5.177%
	Weighted Average Min Rate Current					4.566%	5.139%
	Weighted Average Cap Up Original					0.862%	0.724%
	Weighted Average Cap Up Prior					0.875%	0.711%
	Weighted Average Cap Up Current					0.872%	0.706%
	Weighted Average Cap Down Original					0.862%	0.724%
	Weighted Average Cap Down Prior					0.875%	0.711%
	Weighted Average Cap Down Current					0.872%	0.706%

Note: Original information refers to deal issue.

SERVICING FEES / ADVANCES						GROUP 2	GROUP 1	TOTAL

	Current Servicing Fees					42,047.49	102,179.70	144,227.19
	Delinquent Servicing Fees					184,757.52	482,618.18	667,375.70
	TOTAL SERVICING FEES					226,805.01	584,797.88	811,602.89

	Prepayment Interest Shortfall					17,315.50	44,643.33	61,958.83
	Compensating Interest					(17,315.50)	(44,643.33)	(61,958.83)

	Delinquent Servicing Fees					(184,757.52)	(482,618.18)	(667,375.70)

	COLLECTED SERVICING FEES					42,047.49	102,179.70	144,227.19

	Aggregate Advances with respect to this Distribution					2,835,968.60	7,763,730.15	10,599,698.75
	Current Nonrecoverable Advances					0.00	0.00	0.00
	Cumulative Nonrecoverable Advances					0.00	0.00	0.00


ADDITIONAL COLLATERAL INFORMATION						GROUP 2	GROUP 1	TOTAL

	Net Prepayment Interest Shortfall					0.00	0.00	0.00

	Net Monthly Excess Cash Flow							4,564,171.87

	Ending Pool Stated Principal Balance					514,381,607.31	1,334,272,573.98	1,848,654,181.29


				Page 10 of 36				© COPYRIGHT 2004 Deutsche Bank
	Structured Asset Investment Loan Trust (SAIL) 2004-1
	Mortgage Pass-Through Certificates

	Delinquency Report for September 27, 2004 Distribution


	Delinquency Report - Total


				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			137,404,012.02	47,058,184.62	18,836,575.29	203,298,771.93
		% Balance			7.43%	2.55%	1.02%	11.00%
		# Loans			895	277	128	1,300
		% # Loans			8.21%	2.54%	1.17%	11.92%
FORECLOSURE		Balance		-	-	-	31,449,151.45	31,449,151.45
		% Balance		0.00%	0.00%	0.00%	1.70%	1.70%
		# Loans		-	-	-	183	183
		% # Loans		0.00%	0.00%	0.00%	1.68%	1.68%
BANKRUPTCY		Balance		2,134,305.39	357,303.68	-	3,004,981.77	5,496,590.84
		% Balance		0.12%	0.02%	0.00%	0.16%	0.30%
		# Loans		17	3	-	25	45
		% # Loans		0.16%	0.03%	0.00%	0.23%	0.41%
REO		Balance		-	-	-	3,284,739.48	3,284,739.48
		% Balance		0.00%	0.00%	0.00%	0.18%	0.18%
		# Loans		-	-	-	21	21
		% # Loans		0.00%	0.00%	0.00%	0.19%	0.19%

TOTAL		Balance		2,134,305.39	137,761,315.70	47,058,184.62	56,575,447.99	243,529,253.70
		% Balance		0.12%	7.45%	2.55%	3.06%	13.17%
		# Loans		17	898	277	357	1,549
		% # Loans		0.16%	8.24%	2.54%	3.27%	14.21%
Note: <1 Payment = 0-30days, 1 Payment = 31-60days, 2 Payments = 61-90days, 3+ Payments = 91+
								6 Months Moving Average
1 or 2 Payments Delinquent					3 or More Payments Delinquent


Total Foreclosure					Total Bankruptcy and REO


Note: Dates correspond to distribution dates.
				Page 11 of 36				© COPYRIGHT 2004 Deutsche Bank
	Structured Asset Investment Loan Trust (SAIL) 2004-1
	Mortgage Pass-Through Certificates

	Delinquency Report for September 27, 2004 Distribution


	Delinquency Report - Group 1 Group


				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			102,178,443.82	34,487,931.86	13,952,759.38	150,619,135.06
		% Balance			7.66%	2.58%	1.05%	11.29%
		# Loans			740	232	106	1,078
		% # Loans			8.17%	2.56%	1.17%	11.91%
FORECLOSURE		Balance		-	-	-	19,905,570.81	19,905,570.81
		% Balance		0.00%	0.00%	0.00%	1.49%	1.49%
		# Loans		-	-	-	137	137
		% # Loans		0.00%	0.00%	0.00%	1.51%	1.51%
BANKRUPTCY		Balance		937,673.97	357,303.68	-	2,584,464.40	3,879,442.05
		% Balance		0.07%	0.03%	0.00%	0.19%	0.29%
		# Loans		11	3	-	21	35
		% # Loans		0.12%	0.03%	0.00%	0.23%	0.39%
REO		Balance		-	-	-	1,887,593.00	1,887,593.00
		% Balance		0.00%	0.00%	0.00%	0.14%	0.14%
		# Loans		-	-	-	13	13
		% # Loans		0.00%	0.00%	0.00%	0.14%	0.14%

TOTAL		Balance		937,673.97	102,535,747.50	34,487,931.86	38,330,387.59	176,291,740.92
		% Balance		0.07%	7.68%	2.58%	2.87%	13.21%
		# Loans		11	743	232	277	1,263
		% # Loans		0.12%	8.21%	2.56%	3.06%	13.95%
Note: <1 Payment = 0-30days, 1 Payment = 31-60days, 2 Payments = 61-90days, 3+ Payments = 91+
								6 Months Moving Average
1 or 2 Payments Delinquent					3 or More Payments Delinquent


Total Foreclosure					Total Bankruptcy and REO


Note: Dates correspond to distribution dates.
				Page 12 of 36				© COPYRIGHT 2004 Deutsche Bank
	Structured Asset Investment Loan Trust (SAIL) 2004-1
	Mortgage Pass-Through Certificates

	Delinquency Report for September 27, 2004 Distribution


	Delinquency Report - Group 2 Group


				<1 PAYMENT	1 PAYMENT	2 PAYMENTS	3+ PAYMENTS	TOTAL
DELINQUENT		Balance			35,225,568.20	12,570,252.76	4,883,815.91	52,679,636.87
		% Balance			6.85%	2.44%	0.95%	10.24%
		# Loans			155	45	22	222
		% # Loans			8.38%	2.43%	1.19%	12.01%
FORECLOSURE		Balance		-	-	-	11,543,580.64	11,543,580.64
		% Balance		0.00%	0.00%	0.00%	2.24%	2.24%
		# Loans		-	-	-	46	46
		% # Loans		0.00%	0.00%	0.00%	2.49%	2.49%
BANKRUPTCY		Balance		1,196,631.42	-	-	420,517.37	1,617,148.79
		% Balance		0.23%	0.00%	0.00%	0.08%	0.31%
		# Loans		6	-	-	4	10
		% # Loans		0.32%	0.00%	0.00%	0.22%	0.54%
REO		Balance		-	-	-	1,397,146.48	1,397,146.48
		% Balance		0.00%	0.00%	0.00%	0.27%	0.27%
		# Loans		-	-	-	8	8
		% # Loans		0.00%	0.00%	0.00%	0.43%	0.43%

TOTAL		Balance		1,196,631.42	35,225,568.20	12,570,252.76	18,245,060.40	67,237,512.78
		% Balance		0.23%	6.85%	2.44%	3.55%	13.07%
		# Loans		6	155	45	80	286
		% # Loans		0.32%	8.38%	2.43%	4.33%	15.47%
Note: <1 Payment = 0-30days, 1 Payment = 31-60days, 2 Payments = 61-90days, 3+ Payments = 91+
								6 Months Moving Average
1 or 2 Payments Delinquent					3 or More Payments Delinquent


Total Foreclosure					Total Bankruptcy and REO


Note: Dates correspond to distribution dates.
				Page 13 of 36				© COPYRIGHT 2004 Deutsche Bank
	Structured Asset Investment Loan Trust (SAIL) 2004-1
	Mortgage Pass-Through Certificates

	REO Report for September 27, 2004 Distribution


	REO Report - Mortgage Loans that Become REO During Current Distribution


SUMMARY				LOAN GROUP

Total Loan Count = 15				Loan Group 1 = Group 1; REO Book Value = Not Available
Total Original Principal Balance = 2,633,858.00				Loan Group 2 = Group 2; REO Book Value = Not Available
Total Current Balance = 2,615,822.05
REO Book Value = Not Available

REO Book Value reported corresponds to total REO loans, including loans that become REO during current distribution.

Loan Number		Original	Stated		Current	State &
&		Principal	Principal	Paid to	Note	LTV at	Original	Origination
Loan Group		Balance	Balance	Date	Rate	Origination	Term	Date

110355096 1		162,000.00	162,000.00	Dec-01-03	7.100%	WA - 90.00%	360	Jul-24-03
110374782 1		58,500.00	58,029.87	Nov-01-03	7.740%	MI - 90.00%	360	Sep-09-03
110404357 1		166,500.00	165,221.33	Dec-01-03	7.990%	MN - 90.00%	360	Sep-16-03
110436128 1		225,000.00	223,903.24	Oct-01-03	10.625%	GA - 100.00%	360	Sep-02-03
110630936 1		116,910.00	116,265.32	Feb-01-04	9.600%	TX - 90.00%	360	Oct-02-03
110631025 1		91,200.00	90,610.91	Dec-01-03	8.340%	TX - 80.00%	360	Oct-20-03
110632403 1		183,600.00	182,099.21	Nov-01-03	7.150%	CO - 90.00%	360	Oct-17-03
110653854 1		281,200.00	279,527.94	Nov-01-03	8.750%	CO - 100.00%	360	Oct-24-03
110813953 1		41,600.00	41,405.10	Mar-01-04	9.380%	MI - 80.00%	360	Nov-05-03
15682487 2		78,400.00	77,488.06	Dec-01-03	7.500%	MN - 80.00%	360	May-23-03
110378999 2		460,000.00	456,660.13	Feb-01-04	8.250%	TX - 80.00%	360	Sep-26-03
110404480 2		315,000.00	312,473.91	Oct-01-03	7.750%	MN - 90.00%	360	Sep-17-03
110411584 2		222,448.00	220,628.49	Oct-01-03	7.650%	CO - 80.00%	360	Sep-12-03
110735180 2		133,200.00	132,078.02	Jan-01-04	7.500%	MN - 90.00%	360	Sep-17-03
110737392 2		98,300.00	97,430.52	Feb-01-04	7.250%	TN - 89.36%	360	Sep-03-03


				Page 14 of 36				© COPYRIGHT 2004 Deutsche Bank
	Structured Asset Investment Loan Trust (SAIL) 2004-1
	Mortgage Pass-Through Certificates

	Foreclosure Report for September 27, 2004 Distribution


	Foreclosure Report - Mortgage Loans that Become Foreclosure During Current Distribution


SUMMARY				LOAN GROUP

Total Loan Count = 117				Loan Group 1 = Group 1
Total Original Principal Balance = 18,985,661.00				Loan Group 2 = Group 2
Total Current Balance = 18,844,201.82


Loan Number		Original	Stated		Current	State &
&		Principal	Principal	Paid to	Note	LTV at	Original	Origination
Loan Group		Balance	Balance	Date	Rate	Origination	Term	Date

15807886 1		80,000.00	79,574.87	May-01-04	9.300%	OH - 80.00%	360	Oct-21-03
17071697 1		278,100.00	274,921.87	Mar-01-04	6.875%	CA - 90.00%	360	Jul-21-03
17098203 1		260,000.00	259,799.75	May-01-04	7.500%	CA - 80.00%	360	Nov-19-03
110354453 1		56,100.00	55,734.33	Apr-01-04	8.800%	MO - 85.00%	360	Sep-30-03
110355583 1		59,500.00	59,207.34	Jan-01-04	10.150%	KS - 66.11%	360	Sep-25-03
110356599 1		49,875.00	49,504.39	Mar-01-04	8.600%	IL - 95.00%	360	Aug-28-03
110367828 1		229,500.00	227,194.43	Apr-01-04	6.730%	NJ - 85.00%	360	Sep-25-03
110368511 1		102,816.00	101,763.46	Apr-01-04	6.960%	IL - 80.00%	180	Aug-19-03
110370442 1		116,450.00	115,522.61	Apr-01-04	8.240%	CO - 85.00%	360	Aug-15-03
110371697 1		73,150.00	72,643.92	Apr-15-04	8.490%	WI - 95.00%	360	Sep-09-03
110374295 1		67,500.00	66,879.31	Apr-01-04	7.050%	PA - 90.00%	360	Sep-09-03
110375045 1		59,000.00	58,630.16	Apr-01-04	8.850%	MO - 65.56%	360	Sep-02-03
110375268 1		72,250.00	71,664.17	Feb-01-04	8.150%	OH - 85.00%	360	Aug-29-03
110376399 1		178,400.00	177,068.57	Mar-01-04	8.600%	TX - 80.00%	360	Sep-24-03
110377470 1		200,000.00	198,646.56	Apr-01-04	8.600%	TX - 80.00%	360	Sep-25-03
110377595 1		55,200.00	54,854.85	Nov-01-03	8.990%	OH - 80.00%	360	Sep-12-03
110377603 1		76,000.00	75,524.84	Feb-01-04	8.990%	OH - 80.00%	360	Sep-12-03
110378577 1		92,000.00	91,446.60	Apr-01-04	11.000%	CA - 100.00%	360	Sep-09-03
110381548 1		317,600.00	315,514.98	Feb-01-04	8.750%	WA - 80.00%	360	Sep-30-03
110382165 1		47,600.00	47,357.88	Mar-01-04	9.990%	NV - 100.00%	360	Sep-22-03
110382603 1		44,600.00	44,247.40	Mar-01-04	9.900%	TX - 100.00%	360	Sep-24-03
110382975 1		40,850.00	40,502.42	Feb-01-04	7.450%	NM - 95.00%	360	Sep-29-03
110384013 1		52,200.00	51,985.13	Feb-01-04	10.990%	NV - 100.00%	360	Sep-30-03
110384807 1		193,600.00	192,092.80	Mar-01-04	7.900%	CO - 80.00%	360	Sep-26-03
110387156 1		54,600.00	54,184.80	Apr-01-04	8.050%	CT - 79.13%	360	Sep-15-03
110387875 1		152,000.00	150,651.71	Apr-01-04	7.500%	CA - 80.00%	360	Sep-24-03
110388840 1		168,000.00	166,542.63	Mar-01-04	7.350%	CO - 80.00%	360	Sep-25-03
110391141 1		332,500.00	329,406.99	Mar-01-04	6.990%	MA - 73.08%	360	Sep-17-03
110396264 1		56,000.00	55,678.12	Apr-01-04	9.400%	MI - 70.00%	360	Sep-24-03
110396363 1		94,950.00	93,979.79	Apr-01-04	6.500%	MI - 90.00%	360	Sep-24-03
110399094 1		190,000.00	188,688.02	Apr-01-04	8.500%	CA - 100.00%	360	Sep-26-03
110399979 1		93,750.00	93,248.80	Dec-01-03	9.750%	CT - 75.00%	360	Sep-18-03
110402591 1		274,500.00	271,843.17	Apr-01-04	7.250%	CA - 88.55%	360	Sep-04-03
110403680 1		280,000.00	277,648.88	Jan-01-04	7.550%	NY - 80.00%	360	Sep-12-03
110408762 1		245,500.00	243,569.77	Apr-01-04	7.850%	CA - 48.14%	360	Sep-23-03
110411733 1		314,500.00	312,533.79	Mar-01-04	8.990%	ID - 85.00%	360	Sep-11-03
110412418 1		122,400.00	121,204.87	Mar-01-04	6.750%	OH - 90.00%	360	Sep-22-03
110413424 1		184,000.00	182,291.66	Apr-01-04	7.000%	CA - 80.00%	360	Sep-30-03
110414877 1		53,910.00	53,594.21	Apr-01-04	9.750%	MO - 90.00%	360	Sep-05-03
110415270 1		73,500.00	73,138.55	Apr-01-04	10.150%	FL - 70.00%	360	Sep-08-03
110419660 1		272,000.00	270,299.49	Apr-01-04	8.990%	NY - 85.00%	360	Sep-19-03
110422581 1		47,600.00	47,317.77	Feb-01-04	9.250%	PA - 85.00%	360	Sep-16-03
110425402 1		153,000.00	151,766.20	Feb-01-04	8.375%	NJ - 90.00%	360	Jul-29-03
110430790 1		322,700.00	320,303.45	Dec-01-03	8.250%	NY - 89.64%	360	Sep-19-03

				Page 15 of 36				© COPYRIGHT 2004 Deutsche Bank
	Structured Asset Investment Loan Trust (SAIL) 2004-1
	Mortgage Pass-Through Certificates

	Foreclosure Report for September 27, 2004 Distribution


	Foreclosure Report - Mortage Loans that Become Foreclosure During Current Distribution



Loan Number		Original	Stated		Current	State &
&		Principal	Principal	Paid to	Note	LTV at	Original	Origination
Loan Group		Balance	Balance	Date	Rate	Origination	Term	Date

110440666 1		126,000.00	125,111.18	Apr-01-04	7.900%	FL - 90.00%	360	Oct-06-03
110569845 1		60,000.00	59,481.19	Apr-01-04	6.860%	AZ - 60.00%	360	Oct-02-03
110621398 1		281,250.00	279,099.21	Apr-01-04	7.990%	CA - 75.00%	360	Oct-02-03
110622107 1		103,500.00	102,709.88	Feb-01-04	7.500%	MI - 89.22%	360	Oct-27-03
110622651 1		95,000.00	94,102.95	Apr-01-04	6.400%	CA - 63.33%	360	Oct-16-03
110627841 1		46,800.00	46,473.08	Apr-01-04	7.950%	MN - 90.00%	360	Oct-22-03
110628237 1		208,600.00	207,007.52	Apr-01-04	7.500%	CA - 55.63%	360	Oct-28-03
110631488 1		71,000.00	70,555.92	Mar-01-04	8.500%	OH - 100.00%	360	Oct-28-03
110631868 1		147,250.00	146,080.97	Apr-01-04	7.300%	CO - 89.24%	360	Oct-08-03
110632148 1		148,500.00	147,247.86	Apr-01-04	6.990%	CO - 90.00%	360	Oct-21-03
110632494 1		200,800.00	199,026.69	Jan-01-04	6.750%	CO - 80.00%	360	Oct-31-03
110632502 1		50,200.00	49,446.12	Feb-01-04	9.250%	CO - 100.00%	240	Oct-31-03
110633278 1		92,700.00	92,114.21	Feb-01-04	8.450%	MI - 90.00%	360	Oct-16-03
110633419 1		80,750.00	80,239.79	Mar-01-04	8.450%	MI - 85.00%	360	Oct-14-03
110633930 1		57,000.00	55,593.24	Apr-01-04	10.500%	MI - 100.00%	180	Oct-24-03
110635828 1		292,500.00	290,084.00	Mar-01-04	7.600%	CA - 90.00%	360	Oct-02-03
110636479 1		100,000.00	99,607.13	Apr-01-04	10.740%	CT - 78.74%	360	Oct-31-03
110638434 1		83,600.00	83,160.42	Apr-01-04	9.350%	TX - 80.00%	360	Oct-01-03
110638749 1		184,500.00	183,607.07	Feb-01-04	9.750%	NV - 90.00%	360	Oct-15-03
110640562 1		378,000.00	374,812.73	Nov-01-03	6.990%	NY - 90.00%	360	Oct-20-03
110640638 1		260,000.00	258,618.60	Apr-01-04	9.300%	NY - 80.00%	360	Oct-16-03
110641479 1		342,000.00	339,750.38	Feb-01-04	8.250%	NY - 90.00%	360	Oct-16-03
110641826 1		152,250.00	151,412.13	Feb-01-04	9.600%	WI - 75.00%	360	Oct-15-03
110645058 1		220,000.00	218,987.23	Apr-01-04	9.990%	CA - 65.28%	360	Oct-22-03
110647344 1		106,250.00	105,275.06	Apr-01-04	6.550%	IL - 85.00%	360	Oct-28-03
110648060 1		47,600.00	47,428.69	Apr-01-04	11.150%	PA - 85.00%	360	Oct-27-03
110648813 1		126,350.00	125,385.47	Mar-01-04	7.500%	OR - 95.00%	360	Oct-24-03
110651163 1		91,800.00	91,281.14	Apr-01-04	9.150%	IL - 90.00%	360	Oct-28-03
110652625 1		98,600.00	98,059.66	Mar-01-04	9.150%	WA - 85.00%	360	Oct-21-03
110653946 1		98,600.00	97,948.25	Apr-01-04	8.250%	UT - 85.00%	360	Oct-24-03
110654217 1		97,200.00	96,560.56	Jan-01-04	8.250%	UT - 90.00%	360	Oct-31-03
110656287 1		275,500.00	272,738.03	Apr-01-04	6.600%	CA - 95.00%	360	Oct-02-03
110657566 1		123,500.00	122,644.30	Apr-01-04	7.990%	FL - 95.00%	360	Oct-16-03
110657665 1		55,250.00	54,904.38	Mar-01-04	8.500%	FL - 87.70%	360	Oct-08-03
110658390 1		88,650.00	88,095.43	Apr-01-04	8.500%	MO - 88.21%	360	Oct-14-03
110742806 1		112,000.00	110,759.86	Feb-01-04	7.750%	UT - 80.00%	360	Sep-11-03
110814050 1		44,800.00	44,481.83	May-01-04	7.380%	IN - 80.00%	360	Nov-07-03
110814365 1		52,000.00	51,785.49	May-01-04	9.990%	OK - 80.00%	360	Nov-19-03
110815016 1		67,900.00	67,647.17	May-01-04	10.990%	MI - 84.98%	360	Oct-28-03
110815115 1		70,110.00	69,842.75	May-01-04	10.365%	NC - 90.00%	360	Nov-18-03
110815164 1		71,200.00	70,998.44	Apr-01-04	11.750%	OH - 80.00%	360	Nov-18-03
110816337 1		102,050.00	101,378.78	May-01-04	7.990%	TX - 65.00%	360	Nov-14-03
110816345 1		102,150.00	101,575.86	May-01-04	8.490%	TX - 90.00%	360	Nov-10-03
110816436 1		106,250.00	105,710.59	May-01-04	8.990%	GA - 85.00%	360	Nov-14-03
16233785 2		390,150.00	390,150.00	Apr-01-04	7.125%	CO - 85.00%	360	Dec-04-03
16282378 2		84,550.00	84,160.82	May-01-04	8.875%	TX - 95.00%	360	Dec-18-03
110047834 2		575,000.00	568,952.55	Dec-01-03	7.250%	CA - 82.14%	360	Aug-11-03
110374352 2		204,000.00	202,291.62	Apr-01-04	7.990%	TX - 80.00%	360	Aug-29-03
110376324 2		340,000.00	337,135.99	Jan-01-04	7.500%	IL - 85.00%	360	Sep-02-03
110377314 2		85,500.00	84,626.53	Nov-01-03	7.400%	OH - 90.00%	360	Jul-30-03
110377926 2		165,600.00	164,123.36	Dec-01-03	8.125%	MN - 80.00%	360	Jul-11-03
110378585 2		368,000.00	364,866.03	Mar-01-04	7.500%	CA - 80.00%	360	Sep-09-03

				Page 16 of 36				© COPYRIGHT 2004 Deutsche Bank
	Structured Asset Investment Loan Trust (SAIL) 2004-1
	Mortgage Pass-Through Certificates

	Foreclosure Report for September 27, 2004 Distribution


	Foreclosure Report - Mortage Loans that Become Foreclosure During Current Distribution



Loan Number		Original	Stated		Current	State &
&		Principal	Principal	Paid to	Note	LTV at	Original	Origination
Loan Group		Balance	Balance	Date	Rate	Origination	Term	Date

110379120 2		599,900.00	593,794.30	Dec-01-03	6.990%	CO - 85.71%	360	Sep-02-03
110381555 2		79,400.00	79,090.81	Feb-01-04	11.250%	WA - 100.00%	360	Sep-30-03
110387644 2		185,000.00	183,656.74	Apr-01-04	8.250%	CA - 84.86%	360	Sep-09-03
110387891 2		360,000.00	356,615.15	Apr-01-04	7.650%	WA - 90.00%	360	Sep-05-03
110395951 2		144,900.00	143,791.89	Oct-01-03	7.990%	CO - 100.00%	360	Sep-25-03
110396488 2		99,000.00	98,273.96	Mar-01-04	8.200%	MI - 90.00%	360	Sep-12-03
110397742 2		208,000.00	206,065.04	Nov-01-03	6.990%	CA - 80.00%	360	Sep-17-03
110398534 2		120,000.00	119,065.11	Apr-01-04	8.350%	FL - 75.00%	360	Sep-04-03
110412533 2		250,000.00	248,168.28	Apr-01-04	8.500%	CA - 100.00%	360	Sep-22-03
110413648 2		153,000.00	151,995.54	Apr-01-04	8.750%	CA - 85.00%	360	Sep-22-03
110423845 2		225,000.00	223,560.33	Mar-01-04	9.300%	NY - 90.00%	360	Sep-24-03
110424892 2		239,600.00	237,444.79	Apr-01-04	7.625%	MA - 80.00%	360	Aug-22-03
110469186 2		63,900.00	63,643.33	May-01-04	11.120%	FL - 90.00%	360	Sep-10-03
110563749 2		650,000.00	645,076.97	Mar-01-04	7.540%	CA - 72.22%	360	Oct-21-03
110606480 2		88,200.00	87,680.32	Apr-01-04	10.125%	OH - 90.00%	360	Jul-10-03
110631207 2		418,000.00	414,820.84	Mar-01-04	7.850%	TX - 95.00%	360	Oct-17-03
110641495 2		399,000.00	396,504.30	Mar-01-04	8.500%	NJ - 70.00%	360	Oct-21-03
110735479 2		116,900.00	116,273.85	Feb-01-04	9.260%	OH - 70.00%	360	Oct-14-03
110735628 2		225,200.00	224,220.60	Dec-01-03	10.260%	RI - 84.98%	360	Oct-10-03
110737012 2		63,700.00	63,104.40	May-01-04	7.700%	PA - 84.93%	360	Aug-12-03
110739315 2		76,500.00	76,041.82	Dec-01-03	9.200%	LA - 90.00%	360	Sep-23-03


				Page 17 of 36				© COPYRIGHT 2004 Deutsche Bank
	Structured Asset Investment Loan Trust (SAIL) 2004-1
	Mortgage Pass-Through Certificates

	Prepayment Report for September 27, 2004 Distribution


	Prepayment Report - Voluntary Prepayments


VOLUNTARY PREPAYMENTS						GROUP 2	GROUP 1	TOTAL

	*Current*
	Number of Paid in Full Loans					109	409	518
	Number of Repurchased Loans					-	-	-
	Total Number of Loans Prepaid in Full					109	409	518

	Paid in Full Balance					30,037,676.08	69,346,265.37	99,383,941.45
	Repurchased Loans Balance					-	-	-
	Curtailments Amount					303,515.88	555,803.45	859,319.33
	Total Prepayment Amount					30,341,191.96	69,902,068.82	100,243,260.78

	*Cumulative*
	Number of Paid in Full Loans					538	2,099	2,637
	Number of Repurchased Loans					11	3	14
	Total Number of Loans Prepaid in Full					549	2,102	2,651

	Paid in Full Balance					160,100,947.34	358,142,235.34	518,243,182.68
	Repurchased Loans Balance					1,117,119.74	254,131.95	1,371,251.69
	Curtailments Amount					857,963.87	1,862,056.09	2,720,019.96
	Total Prepayment Amount					162,076,030.95	360,258,423.38	522,334,454.33

SPACE INTENTIONALLY LEFT BLANK


Total Prepayments by Groups (in thousands of dollars)					Total Prepayments (in thousands of dollars)


				Page 18 of 36				© COPYRIGHT 2004 Deutsche Bank
	Structured Asset Investment Loan Trust (SAIL) 2004-1
	Mortgage Pass-Through Certificates

	Prepayment Report for September 27, 2004 Distribution


	Prepayment Report - Voluntary Prepayments


VOLUNTARY PREPAYMENT RATES						GROUP 2	GROUP 1	TOTAL

	SMM					5.57%	4.98%	5.14%
	3 Months Avg SMM					4.73%	4.44%	4.52%
	12 Months Avg SMM
	Avg SMM Since Cut-off					3.36%	2.94%	3.06%

	CPR					49.73%	45.81%	46.94%
	3 Months Avg CPR					44.08%	41.99%	42.58%
	12 Months Avg CPR
	Avg CPR Since Cut-off					33.64%	30.09%	31.11%

	PSA					2213.34%	2117.10%	2146.08%
	3 Months Avg PSA Approximation					2153.29%	2137.46%	2142.41%
	12 Months Avg PSA Approximation
	Avg PSA Since Cut-off Approximation					2167.51%	2051.66%	2087.02%



	Group 1
	Group 2


CPR by Groups					Total CPR


PSA by Groups					Total PSA


				Page 19 of 36				© COPYRIGHT 2004 Deutsche Bank
	Structured Asset Investment Loan Trust (SAIL) 2004-1
	Mortgage Pass-Through Certificates

	Prepayment Report for September 27, 2004 Distribution


	Prepayment Report - Voluntary Prepayments

	Group 1
	Group 2

CPR Avg since Cut-Off by Groups					Total CPR Avg since Cut-Off


PSA Avg since Cut-Off by Groups					Total PSA Avg since Cut-Off


PREPAYMENT CALCULATION METHODOLOGY
Single Monthly Mortality (SMM): (Voluntary partial and full prepayments + Repurchases)/(Beg Principal Balance - Sched Principal)
Conditional Prepayment Rate (CPR): 1-((1-SMM)^12)
PSA Standard Prepayment Model: CPR/(0.02*min(30,WAS))
Average SMM over period between nth month and mth month (AvgSMMn,m): [(1-SMMn) * (1-SMMn+1) .......(1-SMMm)]^(1/months in period n,m)
Average CPR over period between the nth month and mth month (AvgCPRn,m): 1-((1-AvgSMMn,m)^12)
Average PSA Approximation over period between the nth month and mth month: AvgCPRn,m/(0.002*Avg WASn,m))
Average WASn,m: (min(30,WASn)+min(30,WASn+1)+.......+min(30,WASm)/(number of months in the period n,m)
Weighted Average Seasoning (WAS)

Note: Prepayment rates are calculated since deal issue date and include partial and full voluntary prepayments and repurchases.
Dates correspond to distribution dates.

				Page 20 of 36				© COPYRIGHT 2004 Deutsche Bank


	Structured Asset Investment Loan Trust (SAIL) 2004-1
	Mortgage Pass-Through Certificates

	Prepayment Detail Report for September 27, 2004 Distribution


	Prepayment Detail Report - Loans Prepaid in Full During Current Distribution


SUMMARY						LOAN GROUP

Total Loan Count = 518						Loan Group 1 = Group 1
Total Original Principal Balance = 100,200,074.00						Loan Group 2 = Group 2
Total Prepayment Amount = 99,383,941.45


Loan Number			Original			Current	State &	Type Prepayment
&		Loan	Principal	Prepayment	Prepayment	Note	LTV at	&	Origination
Loan Group		Status	Balance	Amount	Date	Rate	Origination	Original Term	Date

14532022 1			120,000.00	118,008.08	Aug-31-04	7.500%	CA - 85.71%	Paid Off - 360	Oct-11-02
16164758 1			159,080.00	158,183.70	Aug-31-04	7.875%	NJ - 97.00%	Paid Off - 360	Dec-01-03
16220295 1			175,500.00	174,381.30	Aug-31-04	7.250%	FL - 90.00%	Paid Off - 360	Nov-24-03
17049826 1			224,000.00	221,901.34	Aug-31-04	6.625%	NV - 80.00%	Paid Off - 360	Sep-10-03
17049834 1			28,000.00	27,884.21	Aug-31-04	10.500%	NV - 90.00%	Paid Off - 180	Sep-10-03
17050055 1			133,600.00	132,554.86	Aug-31-04	7.375%	NV - 80.00%	Paid Off - 360	Sep-17-03
17050105 1			33,400.00	33,282.38	Aug-31-04	11.250%	NV - 100.00%	Paid Off - 180	Sep-17-03
17051509 1			258,900.00	256,201.49	Aug-31-04	5.875%	CA - 69.97%	Paid Off - 360	Sep-11-03
17051608 1			92,000.00	91,574.94	Aug-31-04	10.500%	CA - 100.00%	Paid Off - 180	Sep-17-03
17070871 1			208,000.00	206,054.69	Aug-31-04	6.450%	CA - 80.00%	Paid Off - 360	Sep-22-03
17070921 1			260,000.00	257,148.16	Aug-31-04	6.125%	CA - 80.00%	Paid Off - 360	Aug-27-03
17071366 1			220,000.00	218,166.34	Aug-31-04	7.050%	CA - 64.71%	Paid Off - 360	Sep-18-03
17071416 1			276,000.00	273,562.64	Aug-31-04	6.750%	CA - 80.00%	Paid Off - 360	Sep-16-03
17071788 1			163,000.00	161,064.16	Aug-31-04	6.630%	CA - 53.44%	Paid Off - 360	Sep-02-03
17071903 1			200,000.00	198,617.05	Aug-31-04	8.000%	CA - 57.14%	Paid Off - 360	Sep-08-03
17072208 1			299,900.00	299,899.99	Aug-31-04	7.530%	CA - 74.98%	Paid Off - 360	Sep-24-03
17080946 1			128,800.00	127,689.65	Aug-31-04	6.875%	NV - 70.00%	Paid Off - 360	Sep-02-03
17080961 1			136,500.00	135,322.50	Aug-31-04	6.875%	NV - 70.00%	Paid Off - 360	Sep-02-03
17080979 1			129,400.00	128,284.36	Aug-31-04	6.875%	NV - 69.98%	Paid Off - 360	Sep-02-03
17113184 1			259,800.00	259,800.00	Aug-31-04	6.000%	MN - 72.17%	Paid Off - 360	Oct-27-03
17212507 1			149,055.00	148,285.29	Aug-31-04	7.625%	CO - 95.00%	Paid Off - 360	Dec-05-03
109697201 1			184,000.00	181,982.09	Aug-31-04	6.600%	NJ - 83.64%	Paid Off - 360	Jul-17-03
109783472 1			80,000.00	79,158.60	Aug-18-04	7.250%	NV - 68.97%	Paid Off - 360	Jun-25-03
109831834 1			152,000.00	150,008.14	Aug-18-04	5.650%	CA - 80.00%	Paid Off - 360	Jul-28-03
109842757 1			100,000.00	99,442.86	Aug-06-04	9.990%	CT - 64.94%	Paid Off - 360	Jul-31-03
110082351 1			231,160.00	228,264.47	Aug-12-04	5.960%	CA - 80.00%	Paid Off - 360	Jul-22-03
110105251 1			120,000.00	120,000.00	Aug-23-04	8.325%	MD - 80.00%	Paid Off - 360	Aug-29-03
110115227 1			27,400.00	27,257.01	Aug-30-04	12.875%	NJ - 100.00%	Paid Off - 360	May-29-03
110115987 1			66,000.00	65,331.37	Aug-11-04	7.750%	CA - 94.51%	Paid Off - 180	Jul-25-03
110117140 1			11,700.00	10,948.94	Aug-30-04	8.625%	ID - 90.00%	Paid Off - 180	Jul-31-03
110117322 1			34,500.00	34,065.83	Aug-13-04	9.250%	NJ - 90.00%	Paid Off - 180	Jul-23-03
110118544 1			38,300.00	38,115.98	Aug-31-04	10.875%	WA - 100.00%	Paid Off - 180	Jul-30-03
110119146 1			21,500.00	21,441.28	Aug-10-04	12.875%	NJ - 90.00%	Paid Off - 360	Aug-12-03
110192655 1			68,800.00	68,264.42	Aug-31-04	7.900%	FL - 80.00%	Paid Off - 360	Aug-25-03
110254380 1			121,500.00	120,415.83	Aug-02-04	8.480%	FL - 90.00%	Paid Off - 360	May-12-03
110352648 1			62,400.00	61,810.78	Aug-27-04	6.400%	PA - 80.00%	Paid Off - 360	Sep-25-03
110355724 1			280,500.00	277,785.44	Aug-02-04	6.500%	CA - 85.00%	Paid Off - 360	Sep-24-03
110356284 1			190,000.00	188,750.22	Aug-23-04	8.250%	FL - 77.55%	Paid Off - 360	Sep-25-03
110356888 1			157,438.00	155,933.17	Aug-05-04	7.550%	CA - 85.00%	Paid Off - 360	Aug-27-03
110368255 1			76,000.00	75,614.13	Aug-17-04	9.520%	GA - 80.00%	Paid Off - 360	Sep-10-03
110368370 1			65,000.00	64,377.44	Aug-24-04	7.550%	KY - 81.25%	Paid Off - 360	Sep-11-03
110368586 1			234,000.00	229,093.53	Aug-23-04	6.470%	CO - 74.29%	Paid Off - 240	Aug-25-03
110368727 1			90,500.00	89,774.50	Aug-05-04	7.250%	NC - 78.70%	Paid Off - 360	Sep-08-03
110369048 1			174,000.00	172,574.95	Aug-18-04	7.140%	MA - 84.88%	Paid Off - 360	Sep-26-03

					Page 21 of 36				© COPYRIGHT 2004 Deutsche Bank
	Structured Asset Investment Loan Trust (SAIL) 2004-1
	Mortgage Pass-Through Certificates

	Prepayment Detail Report for September 27, 2004 Distribution


	Prepayment Detail Report - Loans Prepaid in Full During Current Distribution



Loan Number			Original			Current	State &
&		Loan	Principal	Prepayment	Prepayment	Note	LTV at	Original	Origination
Loan Group		Status	Balance	Amount	Date	Rate	Origination	Term	Date

110369105 1			230,000.00	228,135.11	Aug-13-04	7.200%	MA - 70.77%	Paid Off - 360	Sep-16-03
110369154 1			63,700.00	63,188.38	Aug-12-04	7.240%	FL - 84.93%	Paid Off - 360	Sep-22-03
110369170 1			255,000.00	253,014.72	Aug-24-04	7.410%	MD - 85.00%	Paid Off - 360	Sep-23-03
110369386 1			130,000.00	129,099.27	Aug-12-04	7.990%	CA - 100.00%	Paid Off - 360	Sep-17-03
110370327 1			321,000.00	317,781.48	Aug-27-04	6.600%	CA - 87.95%	Paid Off - 360	Aug-20-03
110370848 1			201,000.00	199,620.49	Aug-31-04	8.530%	CA - 75.00%	Paid Off - 360	Aug-12-03
110371218 1			262,500.00	259,480.10	Aug-04-04	5.870%	MD - 75.00%	Paid Off - 360	Aug-05-03
110372463 1			166,250.00	165,086.93	Aug-03-04	8.500%	VA - 95.00%	Paid Off - 360	Aug-22-03
110372596 1			53,460.00	52,968.66	Aug-26-04	7.820%	SC - 90.00%	Paid Off - 360	Aug-21-03
110372703 1			84,100.00	83,601.53	Aug-31-04	9.670%	TX - 89.95%	Paid Off - 360	Aug-25-03
110372836 1			139,500.00	138,447.52	Aug-10-04	8.100%	GA - 90.00%	Paid Off - 360	Aug-29-03
110374832 1			59,600.00	59,347.73	Aug-17-04	10.990%	FL - 100.00%	Paid Off - 360	Sep-05-03
110375524 1			41,000.00	40,601.23	Aug-19-04	8.000%	OH - 43.16%	Paid Off - 360	Jul-16-03
110375714 1			76,500.00	76,006.78	Aug-04-04	8.350%	IL - 85.00%	Paid Off - 360	Sep-04-03
110375979 1			225,000.00	222,925.80	Aug-05-04	7.500%	CA - 90.00%	Paid Off - 360	Jul-25-03
110376084 1			74,000.00	71,187.13	Aug-27-04	6.750%	CA - 67.27%	Paid Off - 180	Sep-05-03
110376134 1			29,200.00	29,079.80	Aug-04-04	10.990%	NV - 100.00%	Paid Off - 360	Aug-28-03
110376514 1			59,000.00	58,742.85	Aug-16-04	10.250%	CA - 100.00%	Paid Off - 360	Sep-30-03
110376571 1			50,000.00	49,745.72	Aug-12-04	9.990%	CA - 100.00%	Paid Off - 360	Sep-09-03
110376795 1			140,400.00	139,296.96	Aug-16-04	7.600%	GA - 90.00%	Paid Off - 360	Sep-10-03
110376829 1			206,000.00	204,006.12	Aug-31-04	7.250%	CA - 68.67%	Paid Off - 360	Jul-31-03
110377223 1			63,000.00	62,711.58	Aug-09-04	10.490%	CA - 100.00%	Paid Off - 360	Sep-03-03
110377231 1			252,000.00	249,655.73	Aug-09-04	6.990%	CA - 80.00%	Paid Off - 360	Sep-03-03
110377538 1			213,750.00	212,412.95	Aug-03-04	8.500%	CA - 74.74%	Paid Off - 360	Sep-22-03
110377942 1			200,000.00	197,956.38	Aug-06-04	6.500%	CA - 58.82%	Paid Off - 360	Sep-04-03
110378064 1			37,000.00	36,839.69	Aug-06-04	10.750%	CA - 100.00%	Paid Off - 360	Sep-05-03
110378072 1			148,000.00	146,623.21	Aug-06-04	6.990%	CA - 80.00%	Paid Off - 360	Sep-05-03
110378304 1			166,896.00	165,606.84	Aug-26-04	7.550%	MO - 90.00%	Paid Off - 360	Sep-12-03
110378338 1			40,000.00	39,791.81	Aug-02-04	9.400%	PA - 57.14%	Paid Off - 360	Sep-15-03
110378676 1			313,500.00	310,940.28	Aug-27-04	7.650%	HI - 95.00%	Paid Off - 360	Sep-18-03
110379104 1			105,750.00	104,941.10	Aug-05-04	7.490%	FL - 90.00%	Paid Off - 360	Sep-18-03
110379138 1			137,600.00	136,225.01	Aug-13-04	6.100%	CA - 80.00%	Paid Off - 360	Sep-15-03
110379294 1			225,000.00	223,520.05	Aug-03-04	8.250%	IL - 90.00%	Paid Off - 360	Sep-12-03
110379344 1			114,300.00	113,587.65	Aug-26-04	8.850%	MI - 90.00%	Paid Off - 360	Sep-16-03
110379765 1			35,400.00	35,254.23	Aug-24-04	10.990%	FL - 95.00%	Paid Off - 360	Aug-28-03
110381241 1			181,600.00	180,144.11	Aug-23-04	7.250%	MD - 80.00%	Paid Off - 360	Sep-26-03
110381456 1			284,800.00	282,196.60	Aug-19-04	6.570%	CA - 80.00%	Paid Off - 360	Sep-30-03
110381746 1			223,000.00	220,833.80	Aug-25-04	6.250%	CA - 93.70%	Paid Off - 360	Sep-25-03
110382223 1			50,400.00	50,134.94	Aug-30-04	9.350%	OH - 90.00%	Paid Off - 360	Sep-30-03
110382496 1			223,200.00	221,496.12	Aug-27-04	7.500%	CA - 90.00%	Paid Off - 360	Sep-26-03
110382710 1			236,000.00	233,597.03	Aug-16-04	6.000%	CA - 80.00%	Paid Off - 360	Sep-30-03
110383031 1			235,000.00	233,292.33	Aug-04-04	7.750%	CA - 69.94%	Paid Off - 360	Sep-30-03
110383775 1			372,000.00	369,017.81	Aug-13-04	7.250%	CA - 80.00%	Paid Off - 360	Sep-16-03
110383809 1			97,500.00	96,931.95	Aug-30-04	8.850%	FL - 75.00%	Paid Off - 360	Sep-25-03
110384120 1			130,900.00	130,081.23	Aug-11-04	8.500%	CA - 85.00%	Paid Off - 360	Sep-29-03
110384419 1			176,000.00	173,703.36	Aug-16-04	6.650%	HI - 80.00%	Paid Off - 360	Sep-30-03
110384518 1			152,000.00	150,745.38	Aug-11-04	7.100%	CA - 80.00%	Paid Off - 360	Sep-30-03
110387230 1			112,500.00	111,571.40	Aug-09-04	7.100%	CA - 90.00%	Paid Off - 360	Sep-30-03
110387412 1			195,000.00	193,648.86	Aug-06-04	7.990%	CA - 82.98%	Paid Off - 360	Sep-30-03
110387461 1			175,000.00	173,461.77	Aug-10-04	7.350%	CA - 100.00%	Paid Off - 360	Sep-08-03
110388147 1			240,000.00	238,013.64	Aug-06-04	7.590%	DC - 80.00%	Paid Off - 360	Sep-04-03
110388345 1			295,000.00	292,124.30	Aug-19-04	6.250%	CA - 100.00%	Paid Off - 360	Sep-19-03

					Page 22 of 36				© COPYRIGHT 2004 Deutsche Bank
	Structured Asset Investment Loan Trust (SAIL) 2004-1
	Mortgage Pass-Through Certificates

	Prepayment Detail Report for September 27, 2004 Distribution


	Prepayment Detail Report - Loans Prepaid in Full During Current Distribution



Loan Number			Original			Current	State &
&		Loan	Principal	Prepayment	Prepayment	Note	LTV at	Original	Origination
Loan Group		Status	Balance	Amount	Date	Rate	Origination	Term	Date

110388816 1			207,000.00	204,983.45	Aug-17-04	6.750%	CA - 90.00%	Paid Off - 360	Sep-02-03
110388956 1			144,000.00	142,886.58	Aug-24-04	7.450%	CA - 80.00%	Paid Off - 360	Sep-12-03
110389137 1			120,000.00	118,965.55	Aug-20-04	6.990%	CA - 31.58%	Paid Off - 360	Sep-26-03
110389210 1			162,500.00	161,134.45	Aug-24-04	7.250%	CA - 65.00%	Paid Off - 360	Sep-30-03
110389541 1			284,000.00	282,295.93	Aug-05-04	9.050%	CA - 80.00%	Paid Off - 360	Sep-25-03
110389756 1			142,500.00	141,651.88	Aug-27-04	9.400%	DC - 68.18%	Paid Off - 360	Sep-30-03
110389822 1			135,000.00	134,038.17	Aug-31-04	7.850%	VA - 74.59%	Paid Off - 360	Sep-15-03
110390051 1			166,500.00	165,325.47	Aug-13-04	7.900%	DC - 90.00%	Paid Off - 360	Sep-23-03
110390127 1			90,750.00	90,193.65	Aug-03-04	8.600%	DC - 75.00%	Paid Off - 360	Sep-26-03
110390838 1			134,100.00	132,958.50	Aug-04-04	9.000%	CT - 90.00%	Paid Off - 360	Sep-24-03
110390960 1			170,000.00	168,343.89	Aug-23-04	6.750%	CA - 68.00%	Paid Off - 360	Sep-08-03
110391034 1			144,000.00	142,845.56	Aug-16-04	7.250%	AZ - 90.00%	Paid Off - 360	Sep-15-03
110391158 1			287,000.00	284,765.63	Aug-02-04	7.400%	CA - 93.18%	Paid Off - 360	Sep-09-03
110391224 1			247,500.00	245,293.16	Aug-30-04	6.700%	CA - 90.00%	Paid Off - 360	Sep-11-03
110391331 1			136,000.00	135,057.63	Aug-24-04	7.990%	CA - 77.71%	Paid Off - 360	Sep-10-03
110391547 1			144,000.00	142,337.14	Aug-18-04	5.850%	CA - 80.00%	Paid Off - 360	Sep-02-03
110391604 1			260,000.00	257,935.40	Aug-17-04	7.800%	CA - 37.14%	Paid Off - 360	Sep-04-03
110391687 1			192,000.00	189,982.66	Aug-20-04	5.990%	CA - 80.00%	Paid Off - 360	Sep-09-03
110391737 1			223,600.00	221,518.43	Aug-12-04	7.250%	CA - 80.00%	Paid Off - 360	Sep-08-03
110392370 1			315,000.00	312,523.59	Aug-30-04	7.350%	CA - 90.00%	Paid Off - 360	Sep-18-03
110392438 1			146,500.00	145,408.61	Aug-20-04	7.650%	CA - 83.71%	Paid Off - 360	Sep-19-03
110392602 1			210,000.00	208,503.88	Aug-16-04	7.850%	CA - 75.00%	Paid Off - 360	Sep-30-03
110392610 1			157,500.00	156,133.72	Aug-31-04	7.100%	CA - 90.00%	Paid Off - 360	Sep-22-03
110392818 1			157,500.00	156,408.67	Aug-30-04	7.990%	CA - 79.55%	Paid Off - 360	Sep-10-03
110392859 1			237,500.00	235,841.32	Aug-09-04	7.950%	CA - 95.00%	Paid Off - 360	Sep-18-03
110393048 1			224,000.00	221,983.45	Aug-31-04	6.650%	CA - 80.00%	Paid Off - 360	Sep-19-03
110393071 1			83,000.00	82,097.67	Aug-10-04	6.400%	CA - 69.75%	Paid Off - 360	Sep-02-03
110393279 1			151,920.00	150,988.76	Aug-04-04	8.600%	CA - 80.00%	Paid Off - 360	Sep-26-03
110393493 1			157,000.00	156,085.32	Aug-25-04	8.850%	NV - 86.98%	Paid Off - 360	Sep-12-03
110394277 1			205,000.00	203,189.59	Aug-04-04	6.750%	CA - 82.00%	Paid Off - 360	Sep-12-03
110394319 1			150,000.00	148,556.64	Aug-10-04	6.300%	CA - 65.22%	Paid Off - 360	Sep-30-03
110394509 1			70,000.00	67,888.67	Aug-26-04	7.850%	CA - 36.84%	Paid Off - 180	Sep-19-03
110394723 1			102,400.00	101,580.10	Aug-12-04	7.490%	CA - 80.00%	Paid Off - 360	Sep-30-03
110394731 1			25,600.00	25,270.93	Aug-12-04	10.500%	CA - 100.00%	Paid Off - 240	Sep-30-03
110394806 1			252,000.00	249,940.07	Aug-05-04	7.150%	CA - 80.00%	Paid Off - 360	Sep-26-03
110395076 1			220,000.00	218,236.36	Aug-18-04	7.250%	CA - 62.86%	Paid Off - 360	Sep-29-03
110395845 1			172,550.00	171,470.63	Aug-18-04	8.500%	CO - 85.00%	Paid Off - 360	Sep-16-03
110395985 1			166,500.00	165,226.28	Aug-06-04	7.990%	MI - 90.00%	Paid Off - 360	Sep-02-03
110396942 1			108,000.00	107,443.66	Aug-31-04	9.450%	MI - 80.00%	Paid Off - 360	Sep-30-03
110397247 1			112,200.00	111,630.85	Aug-30-04	9.550%	MI - 85.00%	Paid Off - 360	Sep-29-03
110397718 1			150,000.00	148,960.63	Aug-19-04	7.990%	CA - 75.00%	Paid Off - 360	Sep-30-03
110397791 1			292,000.00	289,976.84	Aug-26-04	7.990%	CA - 83.43%	Paid Off - 360	Sep-25-03
110397809 1			289,000.00	285,748.83	Aug-20-04	5.990%	CA - 84.75%	Paid Off - 360	Sep-05-03
110398047 1			239,000.00	236,496.50	Aug-18-04	6.750%	CA - 81.02%	Paid Off - 360	Sep-03-03
110398278 1			275,000.00	272,681.23	Aug-02-04	6.990%	CA - 49.11%	Paid Off - 360	Sep-30-03
110398484 1			148,750.00	147,710.78	Aug-20-04	7.950%	CA - 85.00%	Paid Off - 360	Sep-30-03
110399334 1			264,000.00	262,213.84	Aug-25-04	8.600%	CA - 80.00%	Paid Off - 360	Sep-23-03
110399417 1			216,000.00	214,741.49	Aug-02-04	8.850%	CA - 80.00%	Paid Off - 360	Sep-26-03
110399524 1			318,000.00	314,839.73	Aug-02-04	6.990%	CA - 88.33%	Paid Off - 360	Sep-30-03
110399532 1			203,150.00	201,447.73	Aug-02-04	7.600%	CA - 85.00%	Paid Off - 360	Sep-29-03
110399862 1			240,000.00	237,920.84	Aug-20-04	6.850%	NV - 80.00%	Paid Off - 360	Sep-22-03
110400462 1			375,000.00	371,986.77	Aug-02-04	7.740%	HI - 100.00%	Paid Off - 360	Sep-05-03

					Page 23 of 36				© COPYRIGHT 2004 Deutsche Bank
	Structured Asset Investment Loan Trust (SAIL) 2004-1
	Mortgage Pass-Through Certificates

	Prepayment Detail Report for September 27, 2004 Distribution


	Prepayment Detail Report - Loans Prepaid in Full During Current Distribution



Loan Number			Original			Current	State &
&		Loan	Principal	Prepayment	Prepayment	Note	LTV at	Original	Origination
Loan Group		Status	Balance	Amount	Date	Rate	Origination	Term	Date

110400702 1			288,000.00	285,480.93	Aug-25-04	6.800%	HI - 90.00%	Paid Off - 360	Sep-12-03
110401197 1			136,000.00	134,941.22	Aug-18-04	7.400%	HI - 80.00%	Paid Off - 360	Sep-16-03
110401205 1			34,000.00	33,528.33	Aug-18-04	10.250%	HI - 100.00%	Paid Off - 240	Sep-16-03
110401296 1			265,000.00	262,744.68	Aug-04-04	6.990%	HI - 100.00%	Paid Off - 360	Sep-22-03
110401676 1			180,000.00	179,037.43	Aug-19-04	9.990%	NV - 80.00%	Paid Off - 360	Sep-03-03
110401734 1			99,000.00	98,264.79	Aug-02-04	7.640%	NV - 90.00%	Paid Off - 360	Sep-22-03
110401833 1			258,843.00	256,032.27	Aug-19-04	6.500%	NV - 80.00%	Paid Off - 360	Sep-09-03
110401841 1			64,711.00	63,793.22	Aug-19-04	10.500%	NV - 100.00%	Paid Off - 240	Sep-09-03
110401858 1			225,250.00	223,113.11	Aug-18-04	6.600%	NV - 85.00%	Paid Off - 360	Sep-16-03
110402450 1			185,000.00	183,903.41	Aug-10-04	9.250%	CA - 69.81%	Paid Off - 360	Sep-03-03
110402609 1			119,850.00	118,995.86	Aug-05-04	7.850%	CA - 85.00%	Paid Off - 360	Sep-12-03
110404027 1			67,500.00	66,844.30	Aug-23-04	6.250%	WI - 69.59%	Paid Off - 360	Sep-24-03
110404951 1			316,800.00	313,558.16	Aug-13-04	5.990%	MN - 80.00%	Paid Off - 360	Sep-30-03
110404977 1			179,000.00	177,606.49	Aug-23-04	7.400%	MN - 87.32%	Paid Off - 360	Sep-30-03
110405388 1			184,000.00	182,415.83	Aug-13-04	7.990%	CA - 81.42%	Paid Off - 360	Sep-10-03
110405578 1			80,000.00	79,228.14	Aug-03-04	7.150%	CA - 42.11%	Paid Off - 360	Sep-08-03
110405735 1			135,000.00	133,965.05	Aug-20-04	7.500%	CA - 79.88%	Paid Off - 360	Sep-16-03
110406386 1			196,800.00	195,640.62	Aug-12-04	8.800%	CA - 80.00%	Paid Off - 360	Sep-22-03
110406535 1			89,000.00	87,893.44	Aug-25-04	10.750%	CA - 100.00%	Paid Off - 240	Sep-26-03
110406568 1			287,920.00	285,840.90	Aug-26-04	7.990%	CA - 80.00%	Paid Off - 360	Sep-26-03
110406667 1			208,250.00	206,880.15	Aug-30-04	8.250%	CA - 85.00%	Paid Off - 360	Sep-22-03
110406923 1			238,000.00	236,350.92	Aug-23-04	7.990%	CA - 100.00%	Paid Off - 360	Sep-26-03
110408366 1			229,500.00	227,882.09	Aug-31-04	7.990%	CA - 85.00%	Paid Off - 360	Sep-18-03
110408507 1			112,000.00	110,962.42	Aug-09-04	6.500%	CA - 80.00%	Paid Off - 360	Sep-30-03
110408739 1			178,500.00	176,686.32	Aug-02-04	6.250%	CA - 84.20%	Paid Off - 360	Sep-11-03
110408754 1			155,000.00	153,959.79	Aug-06-04	8.150%	CA - 73.81%	Paid Off - 360	Sep-15-03
110409018 1			197,000.00	195,190.80	Aug-20-04	6.990%	CA - 74.62%	Paid Off - 360	Sep-15-03
110409505 1			232,500.00	230,599.42	Aug-27-04	7.150%	CA - 78.81%	Paid Off - 360	Sep-23-03
110409869 1			177,600.00	175,989.46	Aug-23-04	6.650%	CA - 80.00%	Paid Off - 360	Sep-24-03
110410131 1			226,000.00	224,683.28	Aug-03-04	8.850%	CA - 52.56%	Paid Off - 360	Sep-15-03
110411188 1			299,000.00	296,195.59	Aug-13-04	6.990%	CA - 94.92%	Paid Off - 360	Sep-04-03
110411402 1			139,500.00	138,268.01	Aug-31-04	6.750%	CA - 90.00%	Paid Off - 360	Sep-25-03
110412186 1			202,300.00	201,253.75	Aug-05-04	9.500%	CA - 85.00%	Paid Off - 360	Sep-16-03
110412376 1			280,000.00	277,777.14	Aug-19-04	7.300%	CA - 93.33%	Paid Off - 360	Sep-03-03
110412608 1			251,100.00	248,861.82	Aug-27-04	6.950%	CA - 90.00%	Paid Off - 360	Sep-22-03
110412863 1			134,400.00	133,333.81	Aug-02-04	7.350%	CA - 80.00%	Paid Off - 360	Sep-30-03
110412947 1			181,000.00	179,549.01	Aug-06-04	7.250%	CA - 67.29%	Paid Off - 360	Sep-29-03
110413069 1			264,000.00	261,668.59	Aug-12-04	6.750%	CA - 80.00%	Paid Off - 360	Sep-19-03
110413598 1			231,000.00	229,555.03	Aug-04-04	8.500%	CA - 79.66%	Paid Off - 360	Sep-23-03
110414380 1			200,000.00	197,581.30	Aug-27-04	7.850%	CA - 80.00%	Paid Off - 360	Sep-18-03
110414422 1			279,000.00	277,254.89	Aug-12-04	8.500%	CA - 90.00%	Paid Off - 360	Sep-25-03
110414455 1			264,299.00	262,595.03	Aug-23-04	8.350%	CA - 95.00%	Paid Off - 360	Sep-25-03
110415221 1			79,200.00	78,689.32	Aug-02-04	8.350%	FL - 90.00%	Paid Off - 360	Sep-12-03
110416021 1			162,000.00	160,877.58	Aug-20-04	7.990%	CA - 90.00%	Paid Off - 360	Sep-26-03
110416047 1			113,000.00	111,929.83	Aug-11-04	6.850%	CA - 79.58%	Paid Off - 360	Sep-16-03
110416146 1			196,000.00	194,265.94	Aug-02-04	6.990%	CA - 80.00%	Paid Off - 360	Sep-15-03
110416252 1			100,000.00	99,198.32	Aug-17-04	7.250%	CA - 80.00%	Paid Off - 360	Sep-17-03
110416658 1			126,900.00	126,145.38	Aug-31-04	8.750%	MD - 84.60%	Paid Off - 360	Sep-19-03
110416799 1			200,000.00	198,684.41	Aug-25-04	8.250%	MD - 78.43%	Paid Off - 360	Sep-22-03
110416930 1			105,000.00	104,158.22	Aug-11-04	7.250%	MD - 45.26%	Paid Off - 360	Sep-25-03
110417201 1			85,000.00	84,290.93	Aug-13-04	7.550%	NE - 47.22%	Paid Off - 360	Sep-08-03
110417722 1			148,500.00	147,549.76	Aug-31-04	8.650%	IL - 81.59%	Paid Off - 360	Sep-30-03

					Page 24 of 36				© COPYRIGHT 2004 Deutsche Bank
	Structured Asset Investment Loan Trust (SAIL) 2004-1
	Mortgage Pass-Through Certificates

	Prepayment Detail Report for September 27, 2004 Distribution


	Prepayment Detail Report - Loans Prepaid in Full During Current Distribution



Loan Number			Original			Current	State &
&		Loan	Principal	Prepayment	Prepayment	Note	LTV at	Original	Origination
Loan Group		Status	Balance	Amount	Date	Rate	Origination	Term	Date

110418084 1			306,000.00	303,239.71	Aug-16-04	7.150%	CA - 90.00%	Paid Off - 360	Sep-09-03
110418720 1			158,100.00	157,251.35	Aug-11-04	9.250%	CA - 85.00%	Paid Off - 360	Sep-19-03
110419462 1			200,000.00	198,190.90	Aug-09-04	7.150%	NY - 71.43%	Paid Off - 360	Sep-17-03
110419587 1			350,000.00	347,918.87	Aug-18-04	8.750%	NY - 74.47%	Paid Off - 360	Sep-17-03
110419991 1			212,000.00	210,459.42	Aug-17-04	7.750%	NY - 78.81%	Paid Off - 360	Sep-23-03
110420189 1			229,500.00	227,568.64	Aug-02-04	7.000%	NY - 73.32%	Paid Off - 360	Sep-30-03
110420346 1			154,800.00	153,831.73	Aug-04-04	8.500%	CA - 72.00%	Paid Off - 360	Sep-16-03
110420353 1			38,700.00	38,233.99	Aug-04-04	11.000%	CA - 90.00%	Paid Off - 240	Sep-16-03
110420700 1			90,000.00	89,372.22	Aug-17-04	8.450%	NJ - 54.55%	Paid Off - 360	Sep-04-03
110421039 1			153,000.00	151,899.08	Aug-02-04	7.800%	NJ - 61.69%	Paid Off - 360	Sep-26-03
110421088 1			303,000.00	301,066.17	Aug-24-04	8.400%	NJ - 74.81%	Paid Off - 360	Sep-09-03
110421690 1			159,000.00	157,844.56	Aug-03-04	7.750%	IL - 79.10%	Paid Off - 360	Sep-10-03
110421716 1			210,000.00	208,048.20	Aug-30-04	6.500%	IL - 71.19%	Paid Off - 360	Sep-10-03
110421807 1			157,500.00	156,654.51	Aug-17-04	9.250%	IL - 64.29%	Paid Off - 360	Sep-26-03
110421856 1			82,200.00	79,699.64	Aug-30-04	7.750%	IL - 53.38%	Paid Off - 180	Sep-18-03
110421963 1			136,000.00	131,590.65	Aug-05-04	7.900%	IL - 83.95%	Paid Off - 180	Sep-19-03
110422169 1			164,000.00	162,617.13	Aug-19-04	6.990%	IL - 84.10%	Paid Off - 360	Sep-30-03
110422391 1			120,000.00	119,320.71	Aug-03-04	8.990%	IL - 60.91%	Paid Off - 360	Sep-22-03
110423373 1			90,800.00	90,072.07	Aug-16-04	7.250%	UT - 80.00%	Paid Off - 360	Sep-11-03
110423548 1			185,000.00	183,487.70	Aug-16-04	7.150%	CA - 63.79%	Paid Off - 360	Sep-29-03
110423886 1			123,000.00	122,387.26	Aug-10-04	9.740%	CA - 75.00%	Paid Off - 360	Sep-18-03
110425055 1			116,500.00	115,542.04	Aug-26-04	7.625%	PA - 77.67%	Paid Off - 360	Aug-22-03
110425576 1			107,250.00	106,778.70	Aug-31-04	10.875%	RI - 65.00%	Paid Off - 360	Sep-11-03
110425956 1			106,250.00	105,603.41	Aug-20-04	9.625%	NC - 85.00%	Paid Off - 360	Jul-30-03
110438884 1			201,450.00	199,619.08	Aug-10-04	6.600%	CA - 85.00%	Paid Off - 360	Sep-16-03
110439171 1			171,900.00	170,381.53	Aug-23-04	6.750%	CA - 90.00%	Paid Off - 360	Sep-19-03
110439833 1			222,000.00	220,386.76	Aug-04-04	7.750%	IL - 77.89%	Paid Off - 360	Sep-18-03
110440732 1			83,610.00	83,074.08	Aug-31-04	7.850%	SC - 90.00%	Paid Off - 360	Oct-08-03
110441136 1			66,400.00	66,033.09	Aug-27-04	8.575%	IL - 80.00%	Paid Off - 360	Oct-03-03
110469475 1			138,400.00	137,694.50	Aug-27-04	9.500%	FL - 80.00%	Paid Off - 360	Sep-26-03
110500634 1			88,000.00	86,942.00	Aug-25-04	7.330%	CA - 80.00%	Paid Off - 360	Apr-24-03
110501806 1			279,200.00	275,646.45	Aug-17-04	6.250%	CA - 80.00%	Paid Off - 360	Jun-20-03
110501897 1			270,000.00	265,928.11	Aug-04-04	5.750%	CA - 73.97%	Paid Off - 360	May-12-03
110501905 1			50,000.00	50,000.00	Aug-02-04	6.500%	CA - 74.07%	Paid Off - 360	Sep-23-03
110502424 1			119,920.00	119,920.00	Aug-24-04	7.375%	TN - 80.00%	Paid Off - 360	Sep-26-03
110502440 1			215,920.00	215,920.00	Aug-31-04	7.375%	TN - 80.00%	Paid Off - 360	Sep-26-03
110502507 1			136,500.00	135,457.98	Aug-18-04	7.500%	CA - 75.00%	Paid Off - 360	Sep-03-03
110567203 1			211,500.00	209,814.05	Aug-03-04	6.720%	CA - 90.00%	Paid Off - 360	Oct-31-03
110568243 1			141,210.00	140,396.84	Aug-23-04	8.370%	MI - 90.00%	Paid Off - 360	Oct-15-03
110568433 1			184,000.00	182,717.68	Aug-12-04	7.870%	MA - 64.56%	Paid Off - 360	Oct-02-03
110568839 1			308,800.00	298,036.56	Aug-20-04	6.110%	CA - 80.00%	Paid Off - 180	Aug-29-03
110569118 1			148,500.00	147,550.51	Aug-03-04	8.880%	CA - 100.00%	Paid Off - 360	Aug-25-03
110569233 1			74,400.00	73,974.11	Aug-02-04	8.580%	AZ - 79.15%	Paid Off - 360	Sep-24-03
110569779 1			279,000.00	276,763.43	Aug-12-04	7.250%	CA - 84.55%	Paid Off - 360	Sep-25-03
110570124 1			170,000.00	168,492.88	Aug-30-04	6.180%	CA - 71.43%	Paid Off - 360	Oct-14-03
110570652 1			134,300.00	131,504.96	Aug-19-04	7.160%	OH - 85.00%	Paid Off - 240	Sep-03-03
110571353 1			73,800.00	73,446.36	Aug-10-04	9.270%	IL - 90.00%	Paid Off - 360	Oct-15-03
110571429 1			213,750.00	212,415.51	Aug-12-04	8.510%	MI - 75.00%	Paid Off - 360	Sep-26-03
110571668 1			60,800.00	60,419.92	Aug-17-04	8.990%	GA - 80.00%	Paid Off - 360	Aug-26-03
110571718 1			153,000.00	151,915.39	Aug-02-04	7.875%	VA - 76.12%	Paid Off - 360	Sep-09-03
110572096 1			80,000.00	77,339.89	Aug-04-04	6.750%	NY - 38.10%	Paid Off - 180	Sep-19-03
110572757 1			102,900.00	102,486.84	Aug-25-04	10.140%	MD - 70.00%	Paid Off - 180	Oct-13-03

					Page 25 of 36				© COPYRIGHT 2004 Deutsche Bank
	Structured Asset Investment Loan Trust (SAIL) 2004-1
	Mortgage Pass-Through Certificates

	Prepayment Detail Report for September 27, 2004 Distribution


	Prepayment Detail Report - Loans Prepaid in Full During Current Distribution



Loan Number			Original			Current	State &
&		Loan	Principal	Prepayment	Prepayment	Note	LTV at	Original	Origination
Loan Group		Status	Balance	Amount	Date	Rate	Origination	Term	Date

110604105 1			423,000.00	419,345.09	Aug-11-04	8.250%	HI - 90.00%	Paid Off - 360	Jun-11-03
110621570 1			247,000.00	245,375.33	Aug-04-04	8.250%	CA - 95.00%	Paid Off - 360	Oct-07-03
110621885 1			168,000.00	166,586.11	Aug-05-04	7.000%	CA - 80.00%	Paid Off - 360	Oct-01-03
110622339 1			160,000.00	158,742.12	Aug-24-04	7.350%	CA - 80.00%	Paid Off - 360	Oct-02-03
110622644 1			321,600.00	316,579.00	Aug-24-04	5.850%	CA - 83.53%	Paid Off - 360	Oct-21-03
110623246 1			184,500.00	183,353.38	Aug-24-04	7.990%	CA - 90.00%	Paid Off - 360	Oct-20-03
110623527 1			151,000.00	149,592.51	Aug-11-04	7.750%	CA - 84.83%	Paid Off - 360	Oct-23-03
110623725 1			94,500.00	93,797.40	Aug-02-04	7.300%	CA - 90.00%	Paid Off - 360	Oct-29-03
110623741 1			256,000.00	253,200.02	Aug-03-04	6.500%	CA - 89.82%	Paid Off - 360	Oct-21-03
110623857 1			310,250.00	307,814.66	Aug-03-04	6.800%	CA - 85.00%	Paid Off - 360	Oct-23-03
110624111 1			189,500.00	188,393.65	Aug-09-04	8.840%	MD - 84.98%	Paid Off - 360	Oct-06-03
110624566 1			101,250.00	100,704.57	Aug-02-04	8.700%	DC - 75.00%	Paid Off - 360	Oct-16-03
110624590 1			134,300.00	133,664.19	Aug-02-04	9.350%	MD - 83.99%	Paid Off - 360	Oct-20-03
110624798 1			76,410.00	76,045.14	Aug-10-04	9.500%	MD - 90.00%	Paid Off - 360	Oct-15-03
110624954 1			90,000.00	89,335.37	Aug-11-04	7.250%	MD - 69.77%	Paid Off - 360	Oct-24-03
110625399 1			100,000.00	99,482.90	Aug-05-04	8.900%	IL - 66.23%	Paid Off - 360	Oct-15-03
110625415 1			114,000.00	113,410.50	Aug-23-04	8.900%	IL - 95.00%	Paid Off - 360	Oct-24-03
110625423 1			250,500.00	248,780.97	Aug-12-04	7.490%	IL - 92.78%	Paid Off - 360	Oct-17-03
110625449 1			93,000.00	92,639.74	Aug-18-04	10.850%	IL - 50.00%	Paid Off - 360	Oct-07-03
110625530 1			97,500.00	97,106.94	Aug-25-04	10.100%	IL - 65.00%	Paid Off - 360	Oct-08-03
110625779 1			320,000.00	318,385.24	Aug-30-04	9.050%	IL - 80.00%	Paid Off - 360	Oct-28-03
110625886 1			110,000.00	109,261.28	Aug-30-04	7.600%	IL - 58.93%	Paid Off - 360	Oct-10-03
110626116 1			184,000.00	182,375.92	Aug-20-04	6.800%	CA - 70.23%	Paid Off - 360	Sep-17-03
110627569 1			314,900.00	312,517.28	Aug-11-04	6.990%	CA - 94.00%	Paid Off - 360	Oct-28-03
110627619 1			150,000.00	149,048.41	Aug-20-04	7.900%	CA - 73.53%	Paid Off - 360	Oct-02-03
110628591 1			250,000.00	248,446.29	Aug-25-04	7.990%	MA - 78.13%	Paid Off - 360	Oct-29-03
110628658 1			172,000.00	171,025.34	Aug-26-04	8.450%	CA - 80.00%	Paid Off - 360	Oct-30-03
110628708 1			140,000.00	139,087.36	Aug-23-04	7.750%	CA - 84.85%	Paid Off - 360	Oct-31-03
110628849 1			95,200.00	94,751.19	Aug-12-04	9.350%	CA - 79.33%	Paid Off - 360	Oct-21-03
110628872 1			145,000.00	143,946.70	Aug-26-04	7.200%	CA - 66.82%	Paid Off - 360	Oct-17-03
110629003 1			251,750.00	249,939.30	Aug-02-04	7.600%	CA - 95.00%	Paid Off - 360	Oct-23-03
110629086 1			150,000.00	148,765.27	Aug-18-04	6.850%	CA - 65.22%	Paid Off - 360	Oct-22-03
110629128 1			108,400.00	107,714.08	Aug-26-04	7.900%	CA - 61.94%	Paid Off - 360	Oct-21-03
110629201 1			132,000.00	131,095.90	Aug-04-04	7.500%	CA - 80.00%	Paid Off - 360	Oct-17-03
110629219 1			33,000.00	32,613.12	Aug-04-04	10.350%	CA - 100.00%	Paid Off - 240	Oct-17-03
110629367 1			408,000.00	404,385.35	Aug-12-04	6.300%	CA - 85.00%	Paid Off - 360	Oct-16-03
110629409 1			195,500.00	193,767.03	Aug-03-04	6.700%	CA - 85.00%	Paid Off - 360	Oct-02-03
110629417 1			146,000.00	144,768.87	Aug-12-04	6.990%	CA - 81.11%	Paid Off - 360	Oct-03-03
110629599 1			210,000.00	208,301.33	Aug-11-04	6.650%	CA - 88.61%	Paid Off - 360	Oct-14-03
110629607 1			260,000.00	258,338.36	Aug-03-04	7.850%	CA - 74.29%	Paid Off - 360	Oct-15-03
110630415 1			127,000.00	125,526.55	Aug-09-04	6.850%	CA - 78.40%	Paid Off - 360	Oct-06-03
110630456 1			317,700.00	315,366.07	Aug-16-04	7.250%	CA - 90.00%	Paid Off - 360	Oct-28-03
110630480 1			202,500.00	201,463.46	Aug-09-04	8.950%	CA - 75.00%	Paid Off - 360	Oct-30-03
110630621 1			125,800.00	124,802.95	Aug-19-04	6.750%	CA - 85.00%	Paid Off - 360	Oct-30-03
110632791 1			211,500.00	210,476.31	Sep-01-04	9.750%	MI - 90.00%	Paid Off - 360	Oct-03-03
110632890 1			76,500.00	75,970.82	Aug-30-04	7.450%	MI - 85.00%	Paid Off - 360	Oct-16-03
110632981 1			138,600.00	137,798.60	Aug-17-04	8.350%	MI - 90.00%	Paid Off - 360	Oct-23-03
110633245 1			65,000.00	64,796.25	Aug-26-04	11.700%	MI - 52.00%	Paid Off - 360	Oct-15-03
110633518 1			180,000.00	179,291.24	Aug-02-04	10.350%	MI - 75.00%	Paid Off - 360	Oct-24-03
110633963 1			72,000.00	71,572.83	Aug-24-04	8.650%	MI - 80.00%	Paid Off - 360	Oct-29-03
110634177 1			272,000.00	270,309.54	Aug-20-04	7.990%	CA - 85.00%	Paid Off - 360	Oct-21-03
110634268 1			148,000.00	146,475.05	Aug-05-04	6.990%	CA - 68.84%	Paid Off - 360	Oct-20-03

					Page 26 of 36				© COPYRIGHT 2004 Deutsche Bank
	Structured Asset Investment Loan Trust (SAIL) 2004-1
	Mortgage Pass-Through Certificates

	Prepayment Detail Report for September 27, 2004 Distribution


	Prepayment Detail Report - Loans Prepaid in Full During Current Distribution



Loan Number			Original			Current	State &
&		Loan	Principal	Prepayment	Prepayment	Note	LTV at	Original	Origination
Loan Group		Status	Balance	Amount	Date	Rate	Origination	Term	Date

110634292 1			94,500.00	93,641.06	Aug-31-04	6.600%	CA - 90.00%	Paid Off - 360	Oct-07-03
110634318 1			139,400.00	138,325.33	Aug-16-04	7.450%	CA - 85.00%	Paid Off - 360	Oct-07-03
110634789 1			218,500.00	216,751.48	Aug-11-04	6.700%	CA - 95.00%	Paid Off - 360	Oct-09-03
110635711 1			486,000.00	482,466.62	Aug-06-04	7.750%	CA - 90.00%	Paid Off - 360	Oct-01-03
110635778 1			224,000.00	222,262.88	Aug-05-04	7.150%	CA - 80.00%	Paid Off - 360	Oct-06-03
110636255 1			320,000.00	318,108.35	Aug-04-04	8.240%	CA - 80.00%	Paid Off - 360	Oct-20-03
110636305 1			224,000.00	222,401.27	Aug-25-04	7.390%	CA - 80.00%	Paid Off - 360	Oct-30-03
110636313 1			284,750.00	283,307.35	Aug-11-04	9.000%	CA - 85.00%	Paid Off - 360	Oct-22-03
110636487 1			99,750.00	99,130.02	Aug-31-04	7.990%	CT - 95.00%	Paid Off - 360	Oct-03-03
110636693 1			140,000.00	139,129.87	Aug-16-04	7.990%	CT - 80.00%	Paid Off - 360	Oct-30-03
110637816 1			432,250.00	429,079.54	Aug-05-04	7.150%	HI - 65.00%	Paid Off - 360	Oct-15-03
110638657 1			76,500.00	76,201.20	Aug-02-04	10.250%	TX - 85.00%	Paid Off - 360	Oct-29-03
110639028 1			96,000.00	95,334.81	Aug-31-04	7.990%	NV - 80.00%	Paid Off - 360	Oct-03-03
110639036 1			24,000.00	23,688.74	Aug-31-04	10.740%	NV - 100.00%	Paid Off - 240	Oct-03-03
110639093 1			108,000.00	107,211.65	Aug-19-04	7.500%	NV - 90.00%	Paid Off - 360	Oct-17-03
110639382 1			267,920.00	265,892.80	Aug-12-04	6.990%	CA - 80.00%	Paid Off - 360	Oct-16-03
110640000 1			102,000.00	101,397.93	Aug-20-04	8.250%	CA - 81.60%	Paid Off - 360	Oct-20-03
110640232 1			310,250.00	308,306.43	Aug-31-04	7.950%	CA - 85.00%	Paid Off - 360	Oct-24-03
110640489 1			168,000.00	165,934.07	Aug-18-04	7.250%	NY - 44.21%	Paid Off - 360	Oct-21-03
110640794 1			187,500.00	186,415.89	Aug-26-04	8.350%	NY - 75.00%	Paid Off - 360	Oct-27-03
110640828 1			238,500.00	235,820.94	Aug-04-04	6.850%	NY - 90.00%	Paid Off - 360	Oct-08-03
110641982 1			52,500.00	52,141.68	Aug-24-04	7.550%	WI - 45.65%	Paid Off - 360	Oct-08-03
110642238 1			185,000.00	183,655.61	Aug-25-04	7.750%	MN - 100.00%	Paid Off - 360	Sep-19-03
110642295 1			155,000.00	153,351.09	Aug-31-04	7.800%	MN - 49.21%	Paid Off - 360	Oct-15-03
110642352 1			90,000.00	89,300.27	Aug-30-04	6.850%	MN - 72.00%	Paid Off - 360	Oct-20-03
110642501 1			225,000.00	224,044.07	Aug-02-04	9.850%	MN - 75.00%	Paid Off - 360	Oct-27-03
110642584 1			150,400.00	149,438.74	Aug-31-04	7.900%	MN - 80.00%	Paid Off - 360	Oct-06-03
110642592 1			37,600.00	37,175.81	Aug-31-04	10.750%	MN - 100.00%	Paid Off - 240	Oct-06-03
110643251 1			228,250.00	226,541.50	Aug-02-04	7.600%	CA - 86.13%	Paid Off - 360	Oct-07-03
110643566 1			198,000.00	196,630.82	Aug-31-04	8.000%	NV - 90.00%	Paid Off - 360	Oct-01-03
110644002 1			109,000.00	108,215.89	Aug-26-04	7.250%	CA - 69.43%	Paid Off - 360	Oct-17-03
110644242 1			284,750.00	282,382.36	Aug-23-04	6.500%	CA - 85.00%	Paid Off - 360	Oct-23-03
110644499 1			303,200.00	301,315.60	Aug-04-04	7.990%	CA - 80.00%	Paid Off - 360	Oct-10-03
110644564 1			217,750.00	215,315.13	Aug-16-04	6.000%	NJ - 66.59%	Paid Off - 360	Oct-16-03
110644598 1			158,250.00	157,362.29	Aug-12-04	8.500%	CA - 75.00%	Paid Off - 360	Oct-08-03
110644713 1			122,200.00	118,721.73	Aug-27-04	7.250%	CA - 65.00%	Paid Off - 180	Nov-01-03
110644762 1			140,000.00	138,979.92	Aug-25-04	7.250%	CA - 68.29%	Paid Off - 360	Oct-22-03
110644937 1			190,000.00	188,818.30	Aug-11-04	7.990%	NV - 100.00%	Paid Off - 360	Oct-28-03
110645157 1			97,800.00	96,689.46	Aug-25-04	10.600%	CA - 100.00%	Paid Off - 240	Oct-17-03
110645389 1			105,000.00	104,244.70	Aug-23-04	7.250%	CA - 73.94%	Paid Off - 360	Oct-30-03
110645413 1			167,000.00	165,577.90	Aug-06-04	6.375%	CA - 68.72%	Paid Off - 360	Oct-31-03
110645686 1			76,364.00	60,752.33	Aug-18-04	8.500%	NJ - 83.58%	Paid Off - 360	Oct-09-03
110645728 1			127,200.00	126,190.17	Aug-17-04	7.300%	NJ - 80.00%	Paid Off - 360	Oct-02-03
110645736 1			180,000.00	178,828.57	Aug-23-04	9.150%	NJ - 90.00%	Paid Off - 360	Oct-03-03
110645892 1			272,000.00	270,807.68	Aug-30-04	9.700%	NJ - 80.00%	Paid Off - 360	Oct-22-03
110645942 1			151,300.00	150,559.05	Aug-05-04	9.250%	NJ - 85.00%	Paid Off - 360	Oct-07-03
110645959 1			137,700.00	136,507.07	Aug-02-04	8.900%	NJ - 90.00%	Paid Off - 360	Oct-10-03
110646452 1			104,000.00	103,322.06	Aug-25-04	7.750%	IL - 37.82%	Paid Off - 360	Oct-16-03
110646460 1			116,000.00	115,413.87	Aug-30-04	9.100%	IL - 80.00%	Paid Off - 360	Oct-14-03
110647393 1			110,000.00	109,193.17	Aug-30-04	7.150%	IL - 73.83%	Paid Off - 360	Oct-10-03
110647583 1			301,000.00	299,553.85	Aug-31-04	9.750%	IL - 100.00%	Paid Off - 360	Oct-20-03
110648037 1			154,000.00	153,209.67	Aug-19-04	9.990%	PA - 63.37%	Paid Off - 360	Oct-31-03

					Page 27 of 36				© COPYRIGHT 2004 Deutsche Bank
	Structured Asset Investment Loan Trust (SAIL) 2004-1
	Mortgage Pass-Through Certificates

	Prepayment Detail Report for September 27, 2004 Distribution


	Prepayment Detail Report - Loans Prepaid in Full During Current Distribution



Loan Number			Original			Current	State &
&		Loan	Principal	Prepayment	Prepayment	Note	LTV at	Original	Origination
Loan Group		Status	Balance	Amount	Date	Rate	Origination	Term	Date

110648250 1			95,000.00	94,392.89	Aug-26-04	7.850%	IL - 95.00%	Paid Off - 360	Oct-30-03
110648557 1			29,600.00	29,193.04	Aug-27-04	10.000%	AZ - 100.00%	Paid Off - 240	Oct-17-03
110649449 1			146,250.00	145,528.46	Aug-04-04	9.700%	RI - 75.00%	Paid Off - 360	Oct-16-03
110649555 1			96,000.00	95,389.00	Aug-03-04	8.000%	RI - 64.00%	Paid Off - 360	Oct-30-03
110649647 1			71,250.00	70,655.28	Aug-06-04	7.990%	CA - 75.00%	Paid Off - 360	Oct-02-03
110650041 1			306,000.00	303,110.83	Aug-26-04	6.400%	CA - 90.00%	Paid Off - 360	Oct-03-03
110650264 1			272,000.00	269,844.24	Aug-06-04	6.750%	CA - 85.00%	Paid Off - 360	Oct-28-03
110650330 1			288,000.00	285,782.55	Aug-24-04	6.900%	CA - 80.00%	Paid Off - 360	Oct-29-03
110650413 1			225,000.00	223,381.56	Aug-05-04	7.250%	CA - 73.29%	Paid Off - 360	Oct-29-03
110650496 1			283,600.00	281,330.59	Aug-27-04	6.700%	CA - 80.00%	Paid Off - 360	Oct-16-03
110650983 1			340,000.00	337,618.02	Aug-05-04	7.990%	IL - 89.47%	Paid Off - 360	Oct-01-03
110651395 1			266,000.00	263,932.06	Aug-26-04	6.850%	CA - 47.08%	Paid Off - 360	Oct-15-03
110651445 1			238,000.00	236,731.04	Aug-18-04	8.750%	CA - 70.00%	Paid Off - 360	Oct-24-03
110651486 1			252,000.00	250,076.20	Aug-05-04	7.500%	CA - 100.00%	Paid Off - 360	Sep-05-03
110651700 1			198,000.00	195,173.90	Aug-24-04	7.990%	CA - 78.26%	Paid Off - 360	Oct-17-03
110653276 1			234,500.00	233,171.25	Aug-25-04	8.450%	CA - 70.00%	Paid Off - 360	Oct-23-03
110654324 1			125,400.00	124,598.55	Aug-03-04	7.850%	CA - 95.00%	Paid Off - 360	Oct-29-03
110654670 1			259,200.00	257,238.74	Aug-27-04	6.990%	CA - 90.00%	Paid Off - 360	Oct-09-03
110655008 1			239,900.00	238,554.27	Aug-27-04	8.500%	CA - 100.00%	Paid Off - 360	Oct-15-03
110655099 1			166,400.00	163,974.74	Aug-31-04	6.350%	CA - 75.64%	Paid Off - 360	Oct-28-03
110655461 1			308,750.00	306,635.41	Aug-27-04	7.500%	CA - 95.00%	Paid Off - 360	Oct-24-03
110655917 1			188,000.00	186,566.37	Aug-19-04	6.950%	CA - 80.00%	Paid Off - 360	Oct-17-03
110656618 1			225,000.00	223,707.33	Aug-17-04	8.500%	CA - 85.39%	Paid Off - 360	Oct-30-03
110657699 1			92,000.00	91,493.24	Aug-10-04	8.590%	FL - 80.00%	Paid Off - 360	Oct-22-03
110657863 1			70,000.00	69,578.63	Aug-13-04	8.150%	FL - 66.67%	Paid Off - 360	Oct-15-03
110657921 1			69,700.00	69,305.59	Aug-03-04	8.500%	FL - 85.00%	Paid Off - 360	Oct-29-03
110658218 1			210,000.00	209,003.63	Aug-09-04	9.900%	NY - 70.00%	Paid Off - 360	Oct-29-03
110658374 1			173,700.00	172,388.17	Aug-02-04	7.000%	CA - 90.00%	Paid Off - 360	Oct-23-03
110658424 1			182,750.00	181,388.77	Aug-27-04	7.625%	CA - 85.00%	Paid Off - 360	Oct-02-03
110658630 1			84,000.00	83,477.92	Aug-23-04	7.990%	FL - 80.00%	Paid Off - 360	Oct-07-03
110658747 1			273,600.00	271,368.14	Aug-31-04	6.600%	NV - 95.00%	Paid Off - 360	Oct-30-03
110659455 1			220,500.00	218,666.63	Aug-31-04	6.500%	CA - 68.91%	Paid Off - 360	Oct-30-03
110691540 1			197,480.00	197,480.00	Aug-27-04	6.875%	GA - 80.00%	Paid Off - 360	Oct-29-03
110692258 1			49,370.00	49,145.15	Aug-27-04	11.950%	GA - 100.00%	Paid Off - 180	Oct-29-03
110692340 1			39,000.00	38,794.21	Aug-09-04	10.000%	CA - 100.00%	Paid Off - 180	Aug-28-03
110737137 1			127,400.00	123,408.96	Aug-31-04	7.400%	IL - 70.00%	Paid Off - 180	Sep-19-03
110742970 1			184,000.00	182,116.27	Aug-19-04	6.490%	OH - 80.00%	Paid Off - 360	Aug-25-03
110743770 1			244,100.00	242,108.81	Aug-16-04	6.600%	MA - 76.28%	Paid Off - 360	Sep-29-03
110813771 1			36,400.00	36,209.23	Aug-06-04	10.250%	IN - 65.00%	Paid Off - 360	Nov-10-03
110814373 1			52,065.00	51,867.21	Aug-24-04	10.380%	MO - 90.00%	Paid Off - 360	Nov-05-03
110814522 1			56,250.00	55,949.45	Aug-16-04	8.740%	PA - 90.00%	Paid Off - 360	Oct-29-03
110815958 1			90,000.00	89,452.69	Aug-31-04	7.615%	MI - 75.00%	Paid Off - 360	Nov-13-03
110816733 1			115,900.00	115,217.72	Aug-04-04	7.990%	FL - 95.00%	Paid Off - 360	Nov-05-03
110817046 1			129,600.00	128,831.15	Aug-27-04	7.615%	CA - 90.00%	Paid Off - 360	Nov-17-03
110817251 1			136,500.00	135,936.85	Aug-13-04	9.990%	MI - 70.00%	Paid Off - 360	Nov-04-03
110817848 1			161,600.00	160,732.31	Aug-19-04	8.115%	NJ - 80.00%	Paid Off - 360	Nov-19-03
110818044 1			171,701.00	170,656.96	Aug-24-04	7.490%	CA - 74.98%	Paid Off - 360	Nov-13-03
110818135 1			175,750.00	174,571.40	Aug-18-04	6.990%	NJ - 95.00%	Paid Off - 360	Nov-12-03
110818549 1			196,650.00	195,511.93	Aug-19-04	7.740%	CA - 95.00%	Paid Off - 360	Nov-20-03
110818572 1			197,679.00	196,478.20	Aug-11-04	7.495%	NJ - 73.21%	Paid Off - 360	Nov-19-03
110819240 1			237,780.00	236,064.49	Aug-06-04	6.990%	CA - 80.00%	Paid Off - 360	Nov-14-03
110819315 1			249,600.00	248,049.00	Aug-09-04	7.380%	CA - 80.00%	Paid Off - 360	Nov-14-03

					Page 28 of 36				© COPYRIGHT 2004 Deutsche Bank
	Structured Asset Investment Loan Trust (SAIL) 2004-1
	Mortgage Pass-Through Certificates

	Prepayment Detail Report for September 27, 2004 Distribution


	Prepayment Detail Report - Loans Prepaid in Full During Current Distribution



Loan Number			Original			Current	State &
&		Loan	Principal	Prepayment	Prepayment	Note	LTV at	Original	Origination
Loan Group		Status	Balance	Amount	Date	Rate	Origination	Term	Date

110819612 1			300,000.00	298,040.54	Aug-05-04	7.740%	TX - 80.00%	Paid Off - 360	Oct-03-03
14248603 2			373,000.00	367,371.80	Aug-31-04	8.250%	UT - 89.88%	Paid Off - 360	Sep-13-02
15038052 2			350,000.00	345,514.97	Aug-31-04	7.350%	MD - 91.86%	Paid Off - 360	Mar-31-03
15483829 2			384,300.00	379,984.42	Aug-31-04	6.910%	VA - 90.00%	Paid Off - 360	Jun-25-03
16194060 2			500,000.00	495,640.15	Aug-31-04	6.250%	CA - 40.98%	Paid Off - 360	Oct-30-03
16202988 2			361,800.00	361,800.00	Aug-31-04	9.250%	VA - 90.00%	Paid Off - 360	Nov-10-03
17051590 2			368,000.00	364,423.26	Aug-31-04	6.250%	CA - 80.00%	Paid Off - 360	Sep-17-03
17070939 2			65,000.00	64,633.32	Aug-31-04	9.490%	CA - 100.00%	Paid Off - 180	Aug-27-03
17071424 2			69,000.00	68,736.65	Aug-31-04	10.875%	CA - 100.00%	Paid Off - 180	Sep-16-03
17080953 2			348,000.00	346,924.23	Aug-31-04	6.375%	CA - 80.00%	Paid Off - 360	Aug-28-03
17216409 2			242,091.00	240,306.62	Aug-31-04

STRUCTURED ASSET INV LOAN TR MORT PASS-THR CERT SER 2004-1 8-K