SALOMON BROTHERS MOR SEC VII FL RT MR PA TH CER SER 2000 LB1
8-K, 2000-08-04
ASSET-BACKED SECURITIES
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                                  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):  July 25, 2000

                 SALOMON BROTHERS MORTGAGE SECURITIES VII, INC.
            Mortgage Pass-Through Certificates, Series 2000-LB1 Trust



New York (governing law of           333-84249-04    52-2224703
Pooling and Servicing Agreement)     (Commission     52-2224707
(State or other                      File Number)    52-2224709
jurisdiction                                         IRS EIN
of Incorporation)


        c/o Wells Fargo Bank Minnesota, N.A.
        11000 Broken Land Parkway
        Columbia, Maryland                                    21044
        (Address of principal executive offices)             (Zip Code)





       Registrant's telephone number, including area code:  (410) 884-2000



          Former name or former address, if changed since last report)


ITEM 5.  Other Events

On July 25, 2000 a distribution was made to holders of SALOMON BROTHERS
MORTGAGE SECURITIES VII, INC., Mortgage Pass-Through Certificates, Series
2000-LB1 Trust.





  ITEM 7.  Financial Statements and Exhibits

        (c)  Exhibits furnished in accordance with Item 601(a) of
  Regulation S-K

             Exhibit Number               Description


             EX-99.1              Monthly report distributed to holders of
                                  Mortgage Pass-Through Certificates, Series
                                  2000-LB1 Trust, relating to the July 25,
                                  2000 distribution.






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.



                  SALOMON BROTHERS MORTGAGE SECURITIES VII, INC.
             Mortgage Pass-Through Certificates, Series 2000-LB1 Trust

              By:   Wells Fargo Bank Minnesota, N.A., as Trustee
              By:   /s/ Sherri Sharps, Vice President
              By:   Sherri Sharps, Vice President
              Date: 08/03/2000



                                INDEX TO EXHIBITS

Exhibit Number                   Description

EX-99.1         Monthly report distributed to holders of Mortgage Pass-Through
                Certificates, Series 2000-LB1 Trust, relating to the July 25,
                2000 distribution.







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