SALOMON BROTHERS MORT SEC VII INC MORT PAS TH CE SER 2000-1
8-K, EX-99.1466, 2000-08-08
ASSET-BACKED SECURITIES
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                           CitiMortgage, Inc.
            Distribution Date Statement to Certificateholders
                     Remic Pass-Through Certificate
                       Series Name: SBM7 2000-01
                        Payment Date: 7/25/2000

 Issuer:               Salomon Brothers Mortgage Securities VII, Inc
 Record Date:          30-Jun-00
 Distribution Date:    25-Jul-00
 Distribution #:       4
 W.A.C.                9.35%

 Trustee                U.S. Bank National Association
                        Jason Giel  (651) 244-1171
 Bond Administrator     CitiMortgage, Inc
                        Cathy Johnson (636) 256-6442

 <TABLE>
 <CAPTION>
---------------------------------------------------------------------------------------------------------------
                                                    Next
                                      Current    Succeeding
      Class  Coupon Type               Coupon      Coupon         Original Par       CUSIP #
---------------------------------------------------------------------------------------------------------------
<S>   <C>    <C>                      <C>    <C>             <C>                  <C>          <C>
   ~  A1     Floating Libor           7.25125        7.22000%       $77,657,158.00   79548K3 A4
** ~  A2     Inverse Floating Lib     1.74875        1.78000%       $77,657,158.00   79548K3 B2
      A-PO   Principal Only           0.00000        0.00000%        $3,087,842.26   79548K3 F3
**    A-IO   WAC IO                   0.40952        0.39473%       $82,393,708.61   79548K3 G1
                                                                 -----------------
                                                Class A Total       $80,745,000.26

      B1     SUBORDINATED             9.00000        9.00000%          $618,000.00   79548K3 C0
      B2     SUBORDINATED             9.00000        9.00000%          $206,000.00   79548K3 D8
      B3     SUBORDINATED             9.00000        9.00000%          $206,000.00   79548K3 E6
      B4     SUBORDINATED             9.00000        9.00000%          $330,000.00   7956419X9*
      B5     SUBORDINATED             9.00000        9.00000%          $123,000.00   7956419Y7*
      B6     SUBORDINATED             9.00000        9.00000%          $165,708.35   7956419Z4*
                                                                 -----------------
                                              Class SUB Total        $1,648,708.35

                                                                 =================
                                                                    $82,393,708.61
** Denotes Notional Balance
~  These classes constitute regular interests in a separate REMIC election in the same trust.
</TABLE>


                                     CitiMortgage, Inc.
                      Distribution Date Statement to Certificateholders
                               Remic Pass-Through Certificate
                                        SBM7 2000-01
                                   Payment Date: 7/25/2000
<TABLE>

<CAPTION>
---------------------------------------------------------------------------------------------------------------------------------
                            Previous                 Ending                Ending            Ending
                             Period's               Period's             Balance Per         Balance              Ending
              CLASS          Balance                 Balance             Certificate       Pool Factor          Class PCT
---------------------------------------------------------------------------------------------------------------------------------
<S>                <C>                      <C>                    <C>                 <C>               <C>
                 A1           $74,150,328.34         $72,788,190.32        937.30175292        0.93730175         97.8145215004 %
              ** A2           $74,150,328.34         $72,788,190.32        937.30175292        0.93730175          0.0000000000 %
               A-PO            $2,971,102.48          $2,928,719.76        948.46806067        0.94846806          0.0000000000 %
            ** A-IO           $78,753,405.92         $77,343,223.05        938.70301938        0.93870302          0.0000000000 %
       --------------------------------------------------------------------------------------------------------------------------
            A Total           $77,121,430.82         $75,716,910.08                                               97.8145215004 %

                 B1              $611,727.74            $609,605.35        986.41642395        0.98641642          0.8192023370 %
                 B2              $203,909.24            $203,201.78        986.41640777        0.98641641          0.2730674412 %
                 B3              $203,909.24            $203,201.78        986.41640777        0.98641641          0.2730674412 %
                 B4              $326,650.73            $325,517.42        986.41642424        0.98641642          0.4374381412 %
                 B5              $121,751.63            $121,329.21        986.41634146        0.98641634          0.1630451117 %
                 B6              $164,026.52            $163,457.43        986.41637552        0.98641638          0.2196580274 %
       --------------------------------------------------------------------------------------------------------------------------
          SUB Total            $1,631,975.10          $1,626,312.97                                                2.1854784996 %

          =======================================================================================================================
              Total           $78,753,405.92         $77,343,223.05                                              100.0000000000 %

         PO Balance            $2,971,102.48          $2,928,719.76
     Non PO Balance           $75,782,303.44         $74,414,503.29
** Denotes Notional Balance
</TABLE>


<TABLE>

<CAPTION>
-------------------------------------------------------------------------------------------------------------------------
                        Previous           Ending             Begining
                        Period's          Period's          Balance Per            Beginning            Prepayment
      CLASS              Balance           Balance          Certificate             Class PCT           Percentage
-------------------------------------------------------------------------------------------------------------------------
<S>               <C>                <C>              <C>                   <C>                    <C>
                A1     $74,150,328.34   $72,788,190.32          954.84215814         97.8464957834%      100.0000000000 %
             ** A2     $74,150,328.34   $72,788,190.32          954.84215814          0.0000000000%        0.0000000000 %
              A-PO      $2,971,102.48    $2,928,719.76          962.19373589          0.0000000000%        0.0000000000 %
           ** A-IO     $78,753,405.92   $77,343,223.05          955.81819593          0.0000000000%        0.0000000000 %
          ---------------------------------------------------------------------------------------------------------------
     Class A Total     $77,121,430.82   $75,716,910.08                               97.8464957834%      100.0000000000 %

                B1        $611,727.74      $609,605.35          989.85071197          0.8072171368%        0.0000000000 %
                B2        $203,909.24      $203,201.78          989.85067961          0.2690723701%        0.0000000000 %
                B3        $203,909.24      $203,201.78          989.85067961          0.2690723701%        0.0000000000 %
                B4        $326,650.73      $325,517.42          989.85069697          0.4310382704%        0.0000000000 %
                B5        $121,751.63      $121,329.21          989.85065041          0.1606597114%        0.0000000000 %
                B6        $164,026.52      $163,457.43          989.85066232          0.2164443578%        0.0000000000 %
          ---------------------------------------------------------------------------------------------------------------
   Class SUB Total      $1,631,975.10    $1,626,312.97                                2.1535042166%        0.0000000000 %

                    =====================================================================================================
             Total     $78,753,405.92   $77,343,223.05                              100.0000000000%      100.0000000000 %

        PO Balance      $2,971,102.48    $2,928,719.76
    Non PO Balance     $75,782,303.44   $74,414,503.29

** Denotes Notional Balance
</TABLE>

                                CitiMortgage, Inc.
                Distribution Date Statement to Certificate Holders
                          Remic Pass-Through Certificate
                             Series Name: SBM7 2000-01
                              Payment Date: 7/25/2000
<TABLE>
<CAPTION>
-----------------------------------------------------------------------------------------------------------------
                                     Non
                 Interest         Supported       Interest      Interest        Principal
      CLASS      Accrued          Shortfall      Shortfall     Recoveries       Recoveries      Interest Paid
-----------------------------------------------------------------------------------------------------------------
<S>        <C>               <C>              <C>           <C>             <C>             <C>
         A1       $448,068.81            $0.00         $0.00           $0.00           $0.00          $448,068.81
         A2       $108,058.66            $0.00         $0.00           $0.00           $0.00          $108,058.66
       A-PO             $0.00            $0.00         $0.00           $0.00           $0.00                $0.00
       A-IO        $26,875.88            $0.00         $0.00           $0.00           $0.00           $26,875.88
             ----------------------------------------------------------------------------------------------------
    A Total       $583,003.35            $0.00         $0.00           $0.00           $0.00          $583,003.35

        RES             $0.00            $0.00         $0.00           $0.00           $0.00                $0.00
             ----------------------------------------------------------------------------------------------------
  RES Total             $0.00            $0.00         $0.00           $0.00           $0.00                $0.00

         B1         $4,587.96            $0.00         $0.00           $0.00           $0.00            $4,587.96
         B2         $1,529.32            $0.00         $0.00           $0.00           $0.00            $1,529.32
         B3         $1,529.32            $0.00         $0.00           $0.00           $0.00            $1,529.32
         B4         $2,449.88            $0.00         $0.00           $0.00           $0.00            $2,449.88
         B5           $913.14            $0.00         $0.00           $0.00           $0.00              $913.14
         B6         $1,230.20            $0.00         $0.00           $0.00           $0.00            $1,230.20
             ----------------------------------------------------------------------------------------------------
  SUB Total        $12,239.82            $0.00         $0.00           $0.00           $0.00           $12,239.82

             ====================================================================================================
      Total       $595,243.17            $0.00         $0.00           $0.00           $0.00          $595,243.17

</TABLE>
 <TABLE>
 <CAPTION>

 ---------------------------------------------------------------------------
                    Interest            Cum Unpaid           Relief Act
                    Paid Per             Interest             Interest
     CLASS        Certificate           Shortfalls           Shortfalls
 ---------------------------------------------------------------------------
 <S>          <C>               <C>                   <C>
            A1        5.76983270                 $0.00                 $0.00
            A2        1.39148358                 $0.00                 $0.00
          A-PO        0.00000000                 $0.00                 $0.00
          A-IO        0.32618850                 $0.00                 $0.00
                                      --------------------------------------
       A Total                                   $0.00                 $0.00

           RES        0.00000000                 $0.00                 $0.00
                                      --------------------------------------
     RES Total                                   $0.00                 $0.00

            B1        7.42388350                 $0.00                 $0.00
            B2        7.42388350                 $0.00                 $0.00
            B3        7.42388350                 $0.00                 $0.00
            B4        7.42387879                 $0.00                 $0.00
            B5        7.42390244                 $0.00                 $0.00
            B6        7.42388661                 $0.00                 $0.00
                                      --------------------------------------
     SUB Total                                   $0.00                 $0.00

                                      ======================================
       Total                                     $0.00                 $0.00

 </TABLE>

                               CitiMortgage, Inc.
               Distribution Date Statement to Certificateholders
                         Remic Pass-Through Certificate
                                SBM7 2000-01
                           Payment Date: 7/25/2000

<TABLE>

<CAPTION>
-----------------------------------------------------------------------------------------------------------------
                                              Certificate
                                              Reductions
                                              not part of                          Principal
                                             distributions                            Paid          Cumulative
                           Principal           to reduce         Principal            Per            Principal
        CLASS                 Due            Stated Amount          Paid           Certificate         Loss
----------------------------------------------------------------------------------------------------------------
 <S>                 <C>                <C>                   <C>             <C>               <C>
                   A1      $1,362,138.02                 $0.00   $1,362,138.02       17.54040523            0.00
                   A2               $.00                 $0.00            $.00        0.00000000            0.00
                 A-PO         $42,382.72                 $0.00      $42,382.72       13.72567522            0.00
                 A-IO               $.00                 $0.00            $.00        0.00000000            0.00
               -------------------------------------------------------------------------------------------------
              A Total      $1,404,520.74                $0.00    $1,404,520.74                              0.00

                   B1          $2,122.39                 $0.00       $2,122.39        3.43428803            0.00
                   B2            $707.46                 $0.00         $707.46        3.43427184            0.00
                   B3            $707.46                 $0.00         $707.46        3.43427184            0.00
                   B4          $1,133.31                 $0.00       $1,133.31        3.43427273            0.00
                   B5            $422.42                 $0.00         $422.42        3.43430894            0.00
                   B6            $569.09                 $0.00         $569.09        3.43428681            0.00
               -------------------------------------------------------------------------------------------------
            SUB Total          $5,662.13                $0.00        $5,662.13                              0.00

               =================================================================================================
               Total       $1,410,182.87                $0.00    $1,410,182.87                              0.00

                      Aggr. Principal Prepayments: $1,134,202.32
               Aggr. Scheduled Principal Payments: $275,980.55
 </TABLE>
                            CitiMortgage, Inc.
             Distribution Date Statement to Certificateholders
                      Remic Pass-Through Certificate
                         Series Name: SBM7 2000-01
                          Payment Date: 7/25/2000


 P & I Advances
 --------------

  Voluntary Advances                                     $0.00
  Trustee Advances                                       $0.00
  Advance Account Advances                               $0.00
  Certificate Account Advances                      $93,461.54

 Summary of Disbursements
 ------------------------

                                   Withdrawals
 Remittances      Residual        and (Deposits)    P&I Distributed
 ---------------- ------------- ------------------- ----------------
    $2,007,476.91         $0.00           $2,050.87    $2,005,426.04

 Stated Collateral Information
 -----------------------------
          Service Fees             $11,856.13
         Begin Balance         $78,753,405.92
 Aggregate Adj Balance         $77,343,223.05

 Realized Losses incurred during the related Prepayment Period
 -------------------------------------------------------------
  Total Realized Losses     $0.00

    Which Include:

  Type             Coverage         Current Losses Cumulative Losses
  ---------------- ---------------- -------------- -----------------
  Special Hazards   $1,430,689.00            $0.00             $0.00
  Bankruptcy        $100,000.00              $0.00             $0.00
  Fraud             $823,937.00              $0.00             $0.00

 Extraordinary Trust Fund Expenses
 ---------------------------------

  Expenses withdrawn from the collection
  Account or the Distribution Account:                     $0.00

 Withdrawals from Certificate Account
 ------------------------------------
  Type                       Retained         Amount       Balance
  -------------------------- -------- -------------- -------------
  Trust Administration Fee        Yes        $820.34         $0.00
  Trustee Fee                      No      $1,230.53         $0.00


  COLLATERAL INFORMATION:

     GENERAL INFORMATION:
                        AT ISSUE        CURRENT
                      ---------------- -------------
 WAC -  SCHED BEG BAL           9.35 %         9.35%
 WAC -  SCHED END BAL                          9.35%
 WAC - ACTUAL END BAL                          9.35%
 WAM                            209            214
 AVG LTV
 AVG LOAN SIZE             $181,484         $178,622
 # OF LOANS                     454              433
 ACTUAL AGGERGATE    $82,393,708.61   $77,557,333.54
 PRINCIPAL BALANCE   $82,393,708.61   $77,343,223.05


<TABLE>
<CAPTION>
 DELINQUECNY   (1)
                                     Number of    Amount of Scheduled      Amount of Actual
                                       loans            Balance                Balance
                                  ------------- ----------------------- ----------------------
                                    #     PCT       Amount        PCT        Amount      PCT
<S>                               <C>   <C>    <C>             <C>    <C>             <C>
                         30 + Days    12  2.77%   $2,924,117.80  3.78%   $2,933,001.25  3.79%
                         60 + Days     2  0.46%     $308,986.83  0.40%     $313,456.05  0.41%
                     (2) 90 + Days     2  0.46%     $270,534.78  0.35%     $271,907.97  0.35%
    REAL ESTATE OWNED BY THE TRUST     0  0.00%           $0.00  0.00%           $0.00  0.00%
           FORECLOSURES IN PROCESS     0  0.00%           $0.00  0.00%           $0.00  0.00%
           BANKRUPTCIES IN PROCESS     4  0.92%     $912,265.87  1.18%     $913,535.82  1.18%
          PURCHASE AMOUNT ADVANCES                           NA

             (1)  DETERMINED BY THE MBA METHOD.
             (2)  90+ DAYS DOES NOT INCLUDE REAL ESTATE OWNED BY THE TRUST.
</TABLE>
                        CitiMortgage, Inc.
        Distribution Date Statement to Certificateholder
                 Remic Pass-Through Certificate

        Series:  SBM7 2000-01
  Payment Date:  7/25/2000

          Loans that became REO / Foreclosure this payment period.

        Loan Id Actual Principal Balance        Scheduled Principal Balance




          Total Book Value of REO Properties:           $0.00


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