SALOMON BROTHERS MOR SEC VII FL RT MR PA TH CER SER 2000 LB1
8-K, EX-99.1, 2000-11-08
ASSET-BACKED SECURITIES
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<TABLE>
<CAPTION>
Salomon Brothers Mortgage Securities VII, Inc.
Mortgage Pass-Through Certificates



Record Date:            09/30/2000
Distribution Date:      10/25/2000


SBMSVII  Series: 2000-LB1

Contact: Customer Service - CTSLink
         Wells Fargo Bank Minnesota, N.A.
         Securities Administration Services
         7485 New Horizon Way
         Frederick, MD 21703
         Telephone: (301) 815-6600
         Fax:       (301) 846-8152









                                             Certificateholder Distribution Summary

                              Certificate      Certificate      Beginning
                                Class         Pass-Through    Certificate      Interest       Principal
Class           CUSIP        Description          Rate          Balance     Distribution    Distribution

<S>          <C>              <C>            <C>          <C>               <C>             <C>
     A         79548KW46       SEN_FLT         6.96188%    590,656,530.52    3,426,733.24    8,640,289.51
    M-1        79548KW53       SEN_FLT         7.22188%     47,203,000.00      284,078.67            0.00
    M-2        79548KW61       SEN_FLT         7.77188%     41,302,000.00      267,495.16            0.00
    M-3        79548KW79       SEN_FIX         7.00000%     31,468,000.00      183,563.33            0.00
     P         SAL00LB1P       SEN_FIX         0.00000%            100.00      175,394.16            0.00
     CE        SAL00L1CE       JUN_FIX         0.00000%     21,636,242.75    1,473,951.47            0.00
    R-I        SAL00L1R1       NPR_NPR         0.00000%              0.00            0.00            0.00
    R-II       SAL00L1R2       NPR_NPR         0.00000%              0.00            0.00            0.00
   R-III       SAL00L1R3       NPR_NPR         0.00000%              0.00            0.00            0.00
Totals                                                     732,265,873.27    5,811,216.03    8,640,289.51
</TABLE>
<TABLE>
<CAPTION>

                                       Certificateholder Distribution Summary (continued)

                           Current                 Ending                                            Cumulative
                          Realized            Certificate                  Total                      Realized
Class                         Loss                Balance               Distribution                   Losses

<S>                           <C>          <C>                       <C>                               <C>
A                              0.00         582,016,241.01            12,067,022.75                      0.00
M-1                            0.00          47,203,000.00               284,078.67                      0.00
M-2                            0.00          41,302,000.00               267,495.16                      0.00
M-3                            0.00          31,468,000.00               183,563.33                      0.00
P                              0.00                 100.00               175,394.16                      0.00
CE                             0.00          21,636,242.75             1,473,951.47                      0.00
R-I                            0.00                   0.00                     0.00                      0.00
R-II                           0.00                   0.00                     0.00                      0.00
R-III                          0.00                   0.00                     0.00                      0.00
Totals                         0.00         723,625,583.76            14,451,505.54                      0.00
<FN>
All distributions required by the Pooling and Servicing Agreement have been calculated by the
Certificate Administrator on behalf of the Trustee.




</FN>
</TABLE>
<TABLE>
<CAPTION>

                                                Principal Distribution Statement

                         Original          Beginning          Scheduled     Unscheduled
                             Face        Certificate          Principal       Principal                         Realized
Class                      Amount            Balance       Distribution    Distribution         Accretion        Loss (1)

<S>                <C>                <C>                    <C>            <C>                   <C>             <C>
A                   645,109,000.00     590,656,530.52         421,489.89    8,218,799.62           0.00            0.00
M-1                  47,203,000.00      47,203,000.00               0.00            0.00           0.00            0.00
M-2                  41,302,000.00      41,302,000.00               0.00            0.00           0.00            0.00
M-3                  31,468,000.00      31,468,000.00               0.00            0.00           0.00            0.00
P                           100.00             100.00               0.00            0.00           0.00            0.00
CE                   21,636,342.75      21,636,242.75               0.00            0.00           0.00            0.00
R-I                           0.00               0.00               0.00            0.00           0.00            0.00
R-II                          0.00               0.00               0.00            0.00           0.00            0.00
R-III                         0.00               0.00               0.00            0.00           0.00            0.00
Totals              786,718,442.75     732,265,873.27         421,489.89    8,218,799.62           0.00            0.00
<FN>
(1) Amount Does Not Include Excess Special Hazard, Bankruptcy, or Fraud Losses Unless Otherwise Disclosed.
    Please Refer to the Prospectus Supplement for a Full Description.

</FN>
</TABLE>
<TABLE>
<CAPTION>

                                          Principal Distribution Statement (continued)

                                    Total                Ending               Ending             Total
                                Principal           Certificate          Certificate         Principal
Class                           Reduction               Balance           Percentage      Distribution

<S>                          <C>                  <C>                     <C>             <C>
A                             8,640,289.51        582,016,241.01           0.90219830      8,640,289.51
M-1                                   0.00         47,203,000.00           1.00000000              0.00
M-2                                   0.00         41,302,000.00           1.00000000              0.00
M-3                                   0.00         31,468,000.00           1.00000000              0.00
P                                     0.00                100.00           1.00000000              0.00
CE                                    0.00         21,636,242.75           0.99999538              0.00
R-I                                   0.00                  0.00           0.00000000              0.00
R-II                                  0.00                  0.00           0.00000000              0.00
R-III                                 0.00                  0.00           0.00000000              0.00
Totals                        8,640,289.51        723,625,583.76           0.91980249      8,640,289.51

</TABLE>
<TABLE>
<CAPTION>

                                              Principal Distribution Factors Statement

                           Original           Beginning          Scheduled         Unscheduled
                               Face         Certificate          Principal           Principal
Class (2)                    Amount             Balance       Distribution        Distribution         Accretion

<S>                  <C>                    <C>                 <C>                 <C>                <C>
A                     645,109,000.00        915.59183102         0.65336228         12.74017200        0.00000000
M-1                    47,203,000.00       1000.00000000         0.00000000          0.00000000        0.00000000
M-2                    41,302,000.00       1000.00000000         0.00000000          0.00000000        0.00000000
M-3                    31,468,000.00       1000.00000000         0.00000000          0.00000000        0.00000000
P                             100.00       1000.00000000         0.00000000          0.00000000        0.00000000
CE                     21,636,342.75        999.99537815         0.00000000          0.00000000        0.00000000
R-I                             0.00          0.00000000         0.00000000          0.00000000        0.00000000
R-II                            0.00          0.00000000         0.00000000          0.00000000        0.00000000
R-III                           0.00          0.00000000         0.00000000          0.00000000        0.00000000
<FN>
(2) All Classes are Per 1,000 Denomination
</FN>
</TABLE>



<TABLE>
<CAPTION>

                                      Principal Distribution Factors Statement (continued)

                                                Total                 Ending               Ending              Total
                         Realized           Principal            Certificate          Certificate          Principal
Class                    Loss (3)           Reduction                Balance           Percentage       Distribution

<S>                    <C>                 <C>                 <C>                    <C>                 <C>
A                       0.00000000         13.39353429            902.19829674          0.90219830        13.39353429
M-1                     0.00000000          0.00000000          1,000.00000000          1.00000000         0.00000000
M-2                     0.00000000          0.00000000          1,000.00000000          1.00000000         0.00000000
M-3                     0.00000000          0.00000000          1,000.00000000          1.00000000         0.00000000
P                       0.00000000          0.00000000          1,000.00000000          1.00000000         0.00000000
CE                      0.00000000          0.00000000            999.99537815          0.99999538         0.00000000
R-I                     0.00000000          0.00000000              0.00000000          0.00000000         0.00000000
R-II                    0.00000000          0.00000000              0.00000000          0.00000000         0.00000000
R-III                   0.00000000          0.00000000              0.00000000          0.00000000         0.00000000
<FN>
(3) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses
    Unless Otherwise Disclosed.
    Please Refer to the Prospectus Supplement for a Full Description.
</FN>
</TABLE>





<TABLE>
<CAPTION>

                                                 Interest Distribution Statement

                                                          Beginning                           Payment of
                      Original          Current        Certificate/            Current         Unpaid             Current
                          Face      Certificate            Notional            Accrued          Interest         Interest
Class                   Amount             Rate             Balance           Interest         Shortfall        Shortfall

<S>              <C>                  <C>             <C>                 <C>                    <C>             <C>
A                 645,109,000.00        6.96188%     590,656,530.52        3,426,733.24           0.00             0.00
M-1                47,203,000.00        7.22188%      47,203,000.00          284,078.67           0.00             0.00
M-2                41,302,000.00        7.77188%      41,302,000.00          267,495.16           0.00             0.00
M-3                31,468,000.00        7.00000%      31,468,000.00          183,563.33           0.00             0.00
P                         100.00        0.00000%             100.00                0.00           0.00             0.00
CE                 21,636,342.75        0.00000%      21,636,242.75                0.00           0.00             0.00
R-I                         0.00        0.00000%               0.00                0.00           0.00             0.00
R-II                        0.00        0.00000%               0.00                0.00           0.00             0.00
R-III                       0.00        0.00000%               0.00                0.00           0.00             0.00
Totals            786,718,442.75                                           4,161,870.40           0.00             0.00

</TABLE>
 <TABLE>
 <CAPTION>

                                            Interest Distribution Statement (continued)

                                                                                        Remaining          Ending
                            Non-Supported                            Total                Unpaid         Certificate/
                              Interest             Realized          Interest             Interest         Notional
Class                         Shortfall            Losses (4)      Distribution          Shortfall         Balance

 <S>                          <C>                  <C>           <C>                        <C>      <C>
 A                              0.00                0.00         3,426,733.24                0.00     582,016,241.01
 M-1                            0.00                0.00           284,078.67                0.00      47,203,000.00
 M-2                            0.00                0.00           267,495.16                0.00      41,302,000.00
 M-3                            0.00                0.00           183,563.33                0.00      31,468,000.00
 P                              0.00                0.00           175,394.16                0.00             100.00
 CE                             0.00                0.00         1,473,951.47                0.00      21,636,242.75
 R-I                            0.00                0.00                 0.00                0.00               0.00
 R-II                           0.00                0.00                 0.00                0.00               0.00
 R-III                          0.00                0.00                 0.00                0.00               0.00
 Totals                         0.00                0.00         5,811,216.03                0.00
 <FN>
 (4) Amount Does Not Include Excess Special Hazard, Bankrupcy, or Fraud Losses Unless Otherwise Disclosed.
     Please Refer to the Prospectus Supplement for a Full Description.

 </FN>
 </TABLE>
<TABLE>
<CAPTION>

                                            Interest Distribution Factors Statement

                                                              Beginning                            Payment of
                      Original             Current            Certificate/        Current          Unpaid           Current
                       Face                Certificate         Notional           Accrued          Interest         Interest
Class (5)              Amount              Rate                Balance            Interest         Shortfall        Shortfall

<S>                <C>                 <C>             <C>                  <C>                <C>              <C>
A                   645,109,000.00        6.96188%         915.59183102        5.31186705        0.00000000        0.00000000
M-1                  47,203,000.00        7.22188%        1000.00000000        6.01823337        0.00000000        0.00000000
M-2                  41,302,000.00        7.77188%        1000.00000000        6.47656675        0.00000000        0.00000000
M-3                  31,468,000.00        7.00000%        1000.00000000        5.83333323        0.00000000        0.00000000
P                           100.00        0.00000%        1000.00000000        0.00000000        0.00000000        0.00000000
CE                   21,636,342.75        0.00000%         999.99537815        0.00000000        0.00000000        0.00000000
R-I                           0.00        0.00000%           0.00000000        0.00000000        0.00000000        0.00000000
R-II                          0.00        0.00000%           0.00000000        0.00000000        0.00000000        0.00000000
R-III                         0.00        0.00000%           0.00000000        0.00000000        0.00000000        0.00000000
<FN>
(5) All Classes are per $1,000 denomination.

</FN>

</TABLE>
<TABLE>
<CAPTION>
                                       Interest Distribution Factors Statement (continued)

                                                                                Remaining               Ending
                   Non-Supported                                 Total             Unpaid         Certificate/
                        Interest          Realized            Interest           Interest             Notional
Class                  Shortfall        Losses (6)        Distribution          Shortfall              Balance


<S>                  <C>               <C>               <C>                 <C>                 <C>
A                     0.00000000        0.00000000         5.31186705          0.00000000          902.19829674
M-1                   0.00000000        0.00000000         6.01823337          0.00000000         1000.00000000
M-2                   0.00000000        0.00000000         6.47656675          0.00000000         1000.00000000
M-3                   0.00000000        0.00000000         5.83333323          0.00000000         1000.00000000
P                     0.00000000        0.00000000   1753941.60000000          0.00000000         1000.00000000
CE                    0.00000000        0.00000000        68.12387320          0.00000000          999.99537815
R-I                   0.00000000        0.00000000         0.00000000          0.00000000            0.00000000
R-II                  0.00000000        0.00000000         0.00000000          0.00000000            0.00000000
R-III                 0.00000000        0.00000000         0.00000000          0.00000000            0.00000000
<FN>
(6) Amount Does Not Include Excess Special Hazard, Bankrupcy,or Fraud Losses Unless
    Otherwise Disclosed. Please Refer to the Prospectus Supplement for a Full Description.
</FN>
</TABLE>







<TABLE>
<CAPTION>
                                             CERTIFICATEHOLDER ACCOUNT STATEMENT
                                                      CERTIFICATE ACCOUNT

<S>                                                                                   <C>
Beginning Balance                                                                                        0.00
Deposits
    Payments of Interest and Principal                                                          14,758,752.06
    Liquidations, Insurance Proceeds, Reserve Funds                                                      0.00
    Proceeds from Repurchased Loans                                                                      0.00
    Other Amounts (Servicer Advances)                                                                    0.00
    Realized Losses                                                                                      0.00
Total Deposits                                                                                  14,758,752.06

Withdrawals
    Reimbursement for Servicer Advances                                                                  0.00
    Payment of Service Fee                                                                         307,246.52
    Payment of Interest and Principal                                                           14,451,505.54
Total Withdrawals (Pool Distribution Amount)                                                    14,758,752.06

Ending Balance                                                                                           0.00

</TABLE>
<TABLE>
<CAPTION>

                                            PREPAYMENT/CURTAILMENT INTEREST SHORTFALL


<S>                                                                                   <C>

Total Prepayment/Curtailment Interest Shortfall                                                          0.00
Servicing Fee Support                                                                                    0.00

Non-Supported Prepayment/Curtailment Interest Shortfall                                                  0.00
</TABLE>
<TABLE>
<CAPTION>


                                                         SERVICING FEES

<S>                                                                                   <C>
Gross Servicing Fee                                                                                305,110.76
Wells Fargo Bank, N.A.                                                                               2,135.76
Supported Prepayment/Curtailment Interest Shortfall                                                      0.00
Net Servicing Fee                                                                                  307,246.52


</TABLE>

<TABLE>
<CAPTION>                                                      LOAN STATUS STRATIFICATION/CREDIT ENHANCEMENT STATEMENT
                                                                        DELINQUENCY STATUS

         DELINQUENT             BANKRUPTCY             FORECLOSURE            REO                    Total

<S>        <C>                   <C>                    <C>                    <C>                     <C>

          No of Loans           No of Loans            No of Loans            No of Loans            No of Loans
          Principal Balance     Principal Balance      Principal Balance      Principal Balance      Principal Balance
0-29 Days                       0                      0                      0                      0
                                0.00                   0.00                   0.00                   0.00

30 Days   111                   0                      0                      0                      111
          10,810,587.79         0.00                   0.00                   0.00                   10,810,587.79

60 Days   58                    0                      0                      0                      58
          5,648,815.38          0.00                   0.00                   0.00                   5,648,815.38

90 Days   30                    0                      0                      0                      30
          4,153,939.37          0.00                   0.00                   0.00                   4,153,939.37

120 Days  38                    0                      0                      0                      38
          4,500,070.71          0.00                   0.00                   0.00                   4,500,070.71

150 Days  28                    0                      0                      0                      28
          4,039,344.09          0.00                   0.00                   0.00                   4,039,344.09

180+ Days 31                    0                      0                      0                      31
          4,201,548.48          0.00                   0.00                   0.00                   4,201,548.48

Totals    296                   0                      0                      0                      296
          33,354,305.82         0.00                   0.00                   0.00                   33,354,305.82


          No of Loans           No of Loans            No of Loans            No of Loans            No of Loans
          Principal Balance     Principal Balance      Principal Balance      Principal Balance      Principal Balance
0-29 Days                       0.000000%              0.000000%              0.000000%              0.000000%
                                0.000000%              0.000000%              0.000000%              0.000000%

30 Days   1.821763%             0.000000%              0.000000%              0.000000%              1.821763%
          1.493948%             0.000000%              0.000000%              0.000000%              1.493948%

60 Days   0.951912%             0.000000%              0.000000%              0.000000%              0.951912%
          0.780627%             0.000000%              0.000000%              0.000000%              0.780627%

90 Days   0.492368%             0.000000%              0.000000%              0.000000%              0.492368%
          0.574045%             0.000000%              0.000000%              0.000000%              0.574045%

120 Days  0.623667%             0.000000%              0.000000%              0.000000%              0.623667%
          0.621878%             0.000000%              0.000000%              0.000000%              0.621878%

150 Days  0.459544%             0.000000%              0.000000%              0.000000%              0.459544%
          0.558209%             0.000000%              0.000000%              0.000000%              0.558209%

180+ Days 0.508781%             0.000000%              0.000000%              0.000000%              0.508781%
          0.580625%             0.000000%              0.000000%              0.000000%              0.580625%

Totals    4.858034%             0.000000%              0.000000%              0.000000%              4.858034%
          4.609332%             0.000000%              0.000000%              0.000000%              4.609332%

</TABLE>




<TABLE>
<CAPTION>

                                                       OTHER INFORMATION

<S>                                                                             <C>
Current Period Realized Loss - Includes Interest Shortfall                                           0.00
Cumulative Realized Losses - Includes Interest Shortfall                                             0.00
Current Period Class A Insufficient Funds                                                            0.00
Principal Balance of Contaminated Properties                                                         0.00
Periodic Advance                                                                                     0.00
</TABLE>






 <TABLE>
 <CAPTION>
                               COLLATERAL STATEMENT
 <S>                                                                       <C>
 Collateral Description                                        Fixed & Mixed ARM

 Weighted Average Gross Coupon                                         9.739198%
 Weighted Average Net Coupon                                           9.239198%
 Weighted Average Pass-Through Rate                                    9.235698%
 Weighted Average Maturity(Stepdown Calculation )                            345
 Beginning Scheduled Collateral Loan Count                                 6,165

 Number Of Loans Paid In Full                                                 72
 Ending Scheduled Collateral Loan Count                                    6,093
 Beginning Scheduled Collateral Balance                           732,265,873.27
 Ending Scheduled Collateral Balance                              723,625,583.76
 Ending Actual Collateral Balance at 30-Sep-2000                  723,625,583.76
 Monthly P &I Constant                                              6,364,558.33
 Ending Scheduled Balance for Premium Loans                       723,625,583.76
 </TABLE>
<TABLE>
<CAPTION>
           <S>                                        <C>
Credit Enhancement Percentage                                         19.57%
Loss Severity Percentage                                               0.00%
Aggregate Loss Severity Percentage                                     0.00%
Bankruptcy Reporting                                                   $0.00
Prepayment Penalities                                            $175,394.16
</TABLE>













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