Structured Asset Securities Corporation  Mortgage Pass-Through Certificates, Series
2004-5H
Distribution Date:          12/27/2004
Record Date:                11/30/2004

Distribution Summary

DISTRIBUTION IN DOLLARS

                                                  Prior         Pass-                                                                                  Current
                            Original              Principal     Through       Interest   Principal   Total          Deferred               Realized    Principal
Class                       Balance               Balance       Rate          DistributedDistributed Distributed    Interest               Loss        Balance
(1)                         (2)                   (3)           (4)           (5)        (6)         (7)=(5+6)      (8)                    (9)         (10)=(3-6+8-9)

A1                          84,953,000.00         51,483,156.82 3.550000%     152,304.34 4,688,741.694,841,046.03   0.00                   0.00        46,794,415.13

A2                          46,055,000.00         46,055,000.00 4.430000%     170,019.71 0.00        170,019.71     0.00                   0.00        46,055,000.00

A3                          31,681,000.00         31,681,000.00 5.500000%     145,204.58 0.00        145,204.58     0.00                   0.00        31,681,000.00

A4                          46,942,000.00         46,942,000.00 5.540000%     216,715.57 0.00        216,715.57     0.00                   0.00        46,942,000.00

APO                         4,871,547.00          4,400,494.90  0.000000%     0.00       85,051.06   85,051.06      0.00                   0.00        4,315,443.84

B1                          2,101,000.00          2,077,856.81  5.550000%     9,610.09   2,411.69    12,021.78      0.00                   0.00        2,075,445.12

B2                          1,658,000.00          1,639,736.61  5.550000%     7,583.78   1,903.18    9,486.96       0.00                   0.00        1,637,833.43

B3                          1,327,000.00          1,312,382.67  5.550000%     6,069.77   1,523.23    7,593.00       0.00                   0.00        1,310,859.44

B4                          553,000.00            546,908.52    5.550000%     2,529.45   634.78      3,164.23       0.00                   0.00        546,273.74

B5                          332,000.00            328,342.90    5.550000%     1,518.59   381.09      1,899.68       0.00                   0.00        327,961.81

B6                          663,495.00            656,187.75    5.550000%     3,034.87   761.61      3,796.48       0.00                   0.00        655,426.14

R                           100.00                0.00          5.550000%     0.00       0.00        0.00           0.00                   0.00        0.00

Totals                      221,137,142.00        187,123,066.98              714,590.75 4,781,408.335,495,999.08   0.00                   0.00        179,501,137.52

Notional Classes

AIO1                        63,581,039.00         48,767,468.60 1.000000%     40,639.56  0.00        40,639.56      0.00                   0.00        46,827,657.59

AIO2                        223,541,070.00        156,601,383.641.000000%     130,501.15 0.00        130,501.15     0.00                   0.00        147,223,900.26

Totals                      287,122,109.00        205,368,852.24              171,140.71 0.00        171,140.71     0.00                   0.00        0.00

Distribution Summary (Factors)

PER $1,000 OF ORIGINAL BALANCE

                                                  Prior                                                                                    Current
                                                  Principal     Interest      Principal  Total       Deferred       Realized               Principal
                                                                Distributed
Class                       CUSIP                 Balance       (5/2 x 1000)  DistributedDistributed Interest       Loss                   Balance
                                                  (3/2 x 1000)                (6/2 x     (7/2 x 1000)(8/2 x 1000)   (9/2 x 1000)           (10/2 x
                                                                              1000)                                                        1000)

A1                          86359BHX2             606.019291    1.792807      55.192185  56.984992   0.000000       0.000000               550.827106

A2                          86359BHY0             1,000.000000  3.691667      0.000000   3.691667    0.000000       0.000000               1,000.000000

A3                          86359BHZ7             1,000.000000  4.583333      0.000000   4.583333    0.000000       0.000000               1,000.000000

A4                          86359BJA0             1,000.000000  4.616667      0.000000   4.616667    0.000000       0.000000               1,000.000000

APO                         86359BJD4             903.305439    0.000000      17.458737  17.458737   0.000000       0.000000               885.846701

B1                          86359BJE2             988.984679    4.574055      1.147877   5.721932    0.000000       0.000000               987.836802

B2                          86359BJF9             988.984686    4.574053      1.147877   5.721930    0.000000       0.000000               987.836809

B3                          86359BJG7             988.984680    4.574054      1.147875   5.721929    0.000000       0.000000               987.836805

B4                          86359BJJ1             988.984665    4.574051      1.147884   5.721935    0.000000       0.000000               987.836781

B5                          86359BJK8             988.984639    4.574066      1.147861   5.721928    0.000000       0.000000               987.836777

B6                          86359BJL6             988.986729    4.574066      1.147876   5.721942    0.000000       0.000000               987.838853

R                           86359BJH5             0.000000      0.000000      0.000000   0.000000    0.000000       0.000000               0.000000

AIO1                        86359BJB8             767.012766    0.639177      0.000000   0.639177    0.000000       0.000000               736.503497

AIO2                        86359BJC6             700.548600    0.583790      0.000000   0.583790    0.000000       0.000000               658.598889

Interest Distribution Detail

DISTRIBUTION IN DOLLARS

                            Prior                 Pass-         Optimal       Prior      Non-Recov                                                     Current
                            Principal             Through       Accrued       Unpaid     Interest    Interest       Deferred               Interest    Unpaid
                                                                                                                                           Distributed
Class                       Balance               Rate          Interest      Interest   Shortfall   Due            Interest               (9)         Interest
(1)                         (2)                   (3)           (4)           (5)        (6)         (7)=(4)+(5)-(6)(8)                                (10)=(7)-(8)-(9)

A1                          51,483,156.82         3.550000%     152,304.34    0.00       0.00        152,304.34     0.00                   152,304.34  0.00

A2                          46,055,000.00         4.430000%     170,019.71    0.00       0.00        170,019.71     0.00                   170,019.71  0.00

A3                          31,681,000.00         5.500000%     145,204.58    0.00       0.00        145,204.58     0.00                   145,204.58  0.00

A4                          46,942,000.00         5.540000%     216,715.57    0.00       0.00        216,715.57     0.00                   216,715.57  0.00

APO                         4,400,494.90          0.000000%     0.00          0.00       0.00        0.00           0.00                   0.00        0.00

B1                          2,077,856.81          5.550000%     9,610.09      0.00       0.00        9,610.09       0.00                   9,610.09    0.00

B2                          1,639,736.61          5.550000%     7,583.78      0.00       0.00        7,583.78       0.00                   7,583.78    0.00

B3                          1,312,382.67          5.550000%     6,069.77      0.00       0.00        6,069.77       0.00                   6,069.77    0.00

B4                          546,908.52            5.550000%     2,529.45      0.00       0.00        2,529.45       0.00                   2,529.45    0.00

B5                          328,342.90            5.550000%     1,518.59      0.00       0.00        1,518.59       0.00                   1,518.59    0.00

B6                          656,187.75            5.550000%     3,034.87      0.00       0.00        3,034.87       0.00                   3,034.87    0.00

R                           0.00                  5.550000%     0.00          0.00       0.00        0.00           0.00                   0.00        0.00

  Totals                    187,123,066.98                      714,590.75    0.00       0.00        714,590.75     0.00                   714,590.75  0.00

Notional Classes

AIO1                        48,767,468.60         1.000000%     40,639.56     0.00       0.00        40,639.56      0.00                   40,639.56   0.00

AIO2                        156,601,383.64        1.000000%     130,501.15    0.00       0.00        130,501.15     0.00                   130,501.15  0.00

  Totals                    205,368,852.24                      171,140.71    0.00       0.00        171,140.71     0.00                   171,140.71  0.00

Principal Distribution
Detail

DISTRIBUTION IN DOLLARS

                                                  Prior                                  Current     Current        Current                Cumulative
                            Original              Principal     Principal     Accreted   Realized    Principal      Principal              Realized
Class                       Balance               Balance       Distribution  Principal  Losses      Recoveries     Balance                Losses
(1)                         (2)                   (3)           (4)           (5)        (6)         (7)            (8)=(3)-(4)+(5)-(6)+(7)(9)

A1                          84,953,000.00         51,483,156.82 4,688,741.69  0.00       0.00        0.00           46,794,415.13          0.00

A2                          46,055,000.00         46,055,000.00 0.00          0.00       0.00        0.00           46,055,000.00          0.00

A3                          31,681,000.00         31,681,000.00 0.00          0.00       0.00        0.00           31,681,000.00          0.00

A4                          46,942,000.00         46,942,000.00 0.00          0.00       0.00        0.00           46,942,000.00          0.00

APO                         4,871,547.00          4,400,494.90  85,051.06     0.00       0.00        0.00           4,315,443.84           0.00

B1                          2,101,000.00          2,077,856.81  2,411.69      0.00       0.00        0.00           2,075,445.12           0.00

B2                          1,658,000.00          1,639,736.61  1,903.18      0.00       0.00        0.00           1,637,833.43           0.00

B3                          1,327,000.00          1,312,382.67  1,523.23      0.00       0.00        0.00           1,310,859.44           0.00

B4                          553,000.00            546,908.52    634.78        0.00       0.00        0.00           546,273.74             0.00

B5                          332,000.00            328,342.90    381.09        0.00       0.00        0.00           327,961.81             0.00

B6                          663,495.00            656,187.75    761.61        0.00       0.00        0.00           655,426.14             0.00

R                           100.00                0.00          0.00          0.00       0.00        0.00           0.00                   0.00

  Totals                    219,588,547.00        187,123,066.984,781,408.33  707,507.84 4,779,630.850.00           182,341,658.65         0.00

Collateral Summary

ASSET CHARACTERISTICS

                            Cut-Off               Prior         Current

Aggregate Stated Principal
Balance                     221,137,143.13        187,123,066.31182,341,657.98

Loan Count                  1,666                 1,463         1,434

Weighted Average Coupon Rate
(WAC)                       6.231538%             6.190146%     N/A

Net Weighted Average Coupon
Rate (Net WAC)              5.975038%             5.680100%     N/A

Weighted Average Maturity
(WAM in months)             349                   339           338

AVAILABLE PRINCIPAL         AVAILABLE INTEREST

PO Principal                Total Principal
Scheduled Interest          965,265.74
781.68                      24,756.15
Less:                       Master Servicing Fees 0.00
Sub Servicing Fees          38,983.83
Trustee Fees                1,013.54
Insurance Fees              39,536.91
Uncompensated PPIS          0.00
Relief Act Shortfall        0.00
Other Interest Reductions   0.00
0.00                        0.00
TOTAL AVAILABLE INTEREST    885,731.46

Delinquency Information

Less Than
1 Month                     1 Month               2 Months      3+ Months     Totals

Delinquency

Scheduled Principal Balance 247,262.11            137,805.87    67,703.60     452,771.58
Percentage of Total Pool
Balance                     0.1356%               0.0756%       0.0371%       0.2483%
Number of Loans             3                     2             1             6

Percentage of Total Loans   0.2092%               0.1395%       0.0697%       0.4184%
Bankruptcy

Scheduled Principal Balance 201,100.41            126,905.21    0.00          71,854.11  399,859.73
Percentage of Total Pool
Balance                     0.1103%               0.0696%       0.0000%       0.0394%    0.2193%

Number of Loans             2                     1             0             1          4
Percentage of Total Loans   0.1395%               0.0697%       0.0000%       0.0697%    0.2789%

Foreclosure

Scheduled Principal Balance                       0.00          0.00          126,588.77 126,588.77
Percentage of Total Pool Balance                  0.0000%       0.0000%       0.0694%    0.0694%

Number of Loans                                   0             0             2          2
Percentage of Total Loans                         0.0000%       0.0000%       0.1395%    0.1395%

REO

Scheduled Principal Balance                       0.00          0.00          80,046.73  80,046.73
Percentage of Total Pool Balance                  0.0000%       0.0000%       0.0439%    0.0439%

Number of Loans                                   0             0             1          1
Percentage of Total Loans                         0.0000%       0.0000%       0.0697%    0.0697%

Total

Scheduled Principal Balance 201,100.41            374,167.32    137,805.87    346,193.21 1,059,266.81
Percentage of Total Pool
Balance                     0.1103%               0.2052%       0.0756%       0.1899%    0.5809%

Number of Loans             2                     4             2             5          13
Percentage of Total Loans   0.1395%               0.2789%       0.1395%       0.3487%    0.9066%

Principal and Interest
Advances                    670,428.88

Other Information

          Current Bankruptcy
Loss                        0.00
          Cumulative
Bankruptcy Loss             0.00
          Remaining
Bankruptcy Loss Limit       132,668.00

          Current Fraud Loss0.00
          Cumulative Fraud
Loss                        0.00
          Remaining Fraud
Loss Limit                  4,422,743.00

          Current Special
Hazard Loss Limit           0.00
          Cumulative Special
Hazard Loss Limit           0.00
          Remaining Special
Hazard Loss Limit           2,211,371.00

Loan Level Detail

REO DETAIL

Current Scheduled Principal Balance
                                                  Unpaid
REO Acquisition Date        Original Principal    Principal
                            Balance               Balance at
                                                  Acquisition
Group No.                   REO Book Value

Loan Number
0000000110072170            1                     81,370.00     80,046.73     N/A
N/A                         N/A

CONTACT INFORMATION         CONTENTS

Distribution Summary        2
Depositor                   Structured Asset
                            Securities Corporation
Distribution Summary
(Factors)                   2

New York, NY  10019
Interest Distribution       2
Underwriter                 Lehman Brothers
745 Seventh Avenue, 7th
Floor
Principal Distribution      2
New York, NY  10019

Collateral Summary          2
2530 South Parker Road, Suite 601

Delinquency Information     2

Trustee                     Citibank, N.A.
Other Information           2

New York, NY  10013
Loan Level Detail           2

Deal Contact:               Karen Schluter        Citibank, N.A.
karen.schluter@citigroup.com                      Agency and
                                                  Trust
                                                  388 Greenwich
Tel: (212) 816-5827                               Street, 14th
                                                  Floor
Fax: (212) 816-5527                               New York, NY
                                                  10013

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                            www.sf.citidirect.com 2004 Citigroup

STRUCTURED ASSET SECURITIES CORP MORT PASS THRU SER 2004-5H 8-K