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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): December 30, 1996
SALOMON BROTHERS MORTGAGE SECURITIES VII, INC.
(ASDEPOSITOR UNDER THE TRUST AGREEMENT, DATED AS OF
DECEMBER 30, 1996, PROVIDING FOR THE ISSUANCE OF TRUST
CERTIFICATES, SERIES 1996-6)
SALOMON BROTHERS MORTGAGE SECURITIES VII, INC.
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(Exact name of registrant as specified in its charter)
Delaware 333-14225 13-3439681
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(State or Other Jurisdiction (Commission (I.R.S. Employer
of Incorporation) File Number) Identification Number)
Seven World Trade Center
New York, New York 10048
(Address of Principal (Zip Code)
Executive Offices)
Registrant's telephone number, including area code: (212) 783-5635
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Item 5. OTHER EVENTS
Description of the Certificates and the Mortgage Pools
As of the date hereof Salomon Brothers Mortgage Securities VII, Inc.
(the "Depositor") has caused to be filed with the Securities and Exchange
Commission (the "Commission") pursuant to the Commission's Rule 424 eleven
Prospectus Supplements to its Prospectus dated October 18, 1996 in connection
with the Depositor's issuance of a single series of certificates, entitled
Salomon Brothers Mortgage Securities VII, Inc., Trust Certificates, Series
1996-6 (the "Trust Certificates") to be issued pursuant to a trust agreement,
dated December 30, 1996, between Salomon Brothers Mortgage Securities VII, Inc.,
as depositor (the "Depositor"), and Bankers Trust Company, as trustee. The Trust
Certificates consist of thirty-one classes. The Trust Certificates evidence in
the aggregate the entire beneficial ownership interest in a trust fund,
consisting primarily of senior mortgage pass-through certificates (the
"Underlying Certificates"). The Underlying Certificates represent a partial,
senior interest in twelve separate trust funds consisting primarily of twelve
separate pools of residential mortgage loans having original terms to maturity
of up to 30 years. The Underlying Certificates have an aggregate principal
balance as of December 30, 1996 of approximately $257,477,671.00. The Trust
Certificates were sold by the Depositor to Salomon Brothers Inc ("Salomon"), an
affiliate of the Depositor pursuant to an underwriting agreement dated December
30, 1996, between the Depositor and Salomon.
Computational Materials
Salomon Brothers Inc (the "Underwriter") has provided certain
prospective purchasers of Trust Certificates with certain materials, herein
referred to as "Computational Materials", in written form, which Computational
Materials are in the nature of data tables and term sheet information relating
to the Mortgage Loans or other assets of the Trust Fund, the structure of the
Trust Certificates and terms of certain classes of Trust Certificates, and the
hypothetical characteristics and hypothetical performance of certain classes of
Trust Certificates under certain assumptions and scenarios.
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Item 7. FINANCIAL STATEMENTS AND EXHIBITS
(a) Not applicable
(b) Not applicable
(c) Exhibits
Item 601(a) of
Regulation S-K
Exhibit No. Exhibit No. Description
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1 99 Computational Materials (as
defined in Item 5) that have
been provided by Salomon
Brothers Inc to certain
prospective purchasers of
Salomon Brothers Mortgage
Securities VII, Inc., Trust
Certificates, Series 1996-6
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SIGNATURES
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 thereunto duly authorized.
SALOMON BROTHERS MORTGAGE
SECURITIES VII, INC.
By: /s/ Gregory P. Petroski
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Gregory P. Petroski
Assistant Vice President
Dated: December 30, 1996
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INDEX TO EXHIBITS
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Item 601 (a) of Sequentially
Exhibit Regulation S-K Numbered
Number Exhibit No. Description Page
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1 99 Computational Materials P
