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:  January 30, 2006
(Date of earliest event reported)


                  Banc of America Alternative Loan Trust 2006-1
- --------------------------------------------------------------------------------
           (Exact name of issuing entity as specified in its charter)

                    Banc of America Mortgage Securities, Inc.
- --------------------------------------------------------------------------------
              (Exact name of depositor as specified in its charter)

                      Bank of America, National Association
- --------------------------------------------------------------------------------
               (Exact name of sponsor as specified in its charter)

        New York                   333-118843-49                36-4514369
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(State or other jurisdiction   (Commission File No.           (IRS Employer
      of incorporation          of issuing entity)          Identification No.
     of issuing entity)                                       of depositor)

 214 North Tryon Street, Charlotte, North Carolina                  28255
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Address of principal executive offices                          (Zip Code)

Depositor's  telephone number, including area code         (704) 387-8239
                                                  ------------------------------

214 North Tryon Street, Charlotte, North Carolina                28255
- --------------------------------------------------------------------------------
Address of principal executive offices                          (Zip Code)

            201 North Tryon Street, Charlotte, North Carolina 28255
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          (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:

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

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

[ ] 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

            Attached as Exhibit 4.1 is the pooling and servicing agreement,
dated January 30, 2006 (the "Pooling and Servicing Agreement"), among Banc of
America Mortgage Securities, Inc. (the "Company"), as depositor, Bank of
America, National Association, as servicer, and Wells Fargo Bank, N.A., as
trustee. The Pooling and Servicing Agreement governs the Banc of America
Alternative Loan Trust 2006-1, Mortgage Pass-Through Certificates, Series 2006-1
(the "Certificates"), issued on January 30, 2006, including (i) the Class
1-CB-1, Class 1-CB-R, Class 2-CB-1, Class 3-CB-1, Class 4-CB-1, Class CB-IO,
Class CB-PO, Class B-1, Class B-2 and Class B-3 Certificates (the "Public
Certificates"), having an aggregate initial class balance of $343,850,036 and
(ii) the Class B-4, Class B-5 and Class B-6 Certificates (the "Private
Certificates"), having an aggregate initial class balance of $3,825,184.

            The Public Certificates were sold to Banc of America Securities LLC
(the "Underwriter"), pursuant to an underwriting agreement, dated January 26,
2006 (the "Underwriting Agreement"), among the Company, Bank of America,
National Association and the Underwriter. A copy of the Underwriting Agreement
is attached as Exhibit 1.1.

            The Private Certificates were privately issued.

            The mortgage loans underlying the Certificates were purchased by the
Company from Bank of America, National Association pursuant to a mortgage loan
purchase agreement, dated January 30, 2006 (the "Mortgage Loan Purchase
Agreement"), between the Company and Bank of America, National Association. A
copy of the Mortgage Loan Purchase Agreement is attached as Exhibit 4.2.






ITEM 9.01  Financial Statements and Exhibits

           (c)   Exhibits

Item 601(a)
of Regulation S-K
Exhibit No.           Description
- -----------           -----------

        (1.1)         Underwriting Agreement, dated January 26, 2006, among
                      the Company, Bank of America, National Association and
                      the Underwriter.

        (4.1)         Pooling and Servicing Agreement, dated January 30, 2006,
                      among Banc of America Mortgage Securities, Inc., Bank of
                      America, National Association and Wells Fargo Bank,
                      N.A., as trustee.

        (4.2)         Mortgage Loan Purchase Agreement, dated January 30,
                      2006, between Banc of America Mortgage Securities, Inc.
                      and Bank of America, National Association.





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

                                    BANC OF AMERICA MORTGAGE
                                      SECURITIES, INC.


January 30, 2006


                                    By: /s/ Judy Lowman
                                        -------------------------------------
                                        Name:  Judy Lowman
                                        Title: Vice President





                                INDEX TO EXHIBITS
                                -----------------

Exhibit No.                        Description
- -----------                        -----------

     (1.1)            Underwriting Agreement, dated January 26, 2006, among
                      the Company, Bank of America, National Association and
                      the Underwriter.

     (4.1)            Pooling and Servicing Agreement, dated January 30, 2006,
                      among Banc of America Mortgage Securities, Inc., Bank of
                      America, National Association and Wells Fargo Bank,
                      N.A., as trustee.

     (4.2)            Mortgage Loan Purchase Agreement, dated January 30,
                      2006, between Banc of America Mortgage Securities, Inc.
                      and Bank of America, National Association.