SALOMON BROTHERS MORT SEC TRUST VII INC COMMERCIAL - C2
8-K, 2001-01-02
ASSET-BACKED SECURITIES
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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 18, 2000



SALOMON BROTHERS MORTGAGE  SECURITIES VII, INC., (as depositor under the Pooling
and Servicing Agreement, dated August 1, 2000, providing for the issuance of the
Salomon Brothers Mortgage Securities VII, Inc., Commercial Mortgage Pass-Through
Certificates, Series 2000-C2).

                SALOMON BROTHERS MORTGAGE SECURITIES VII, INC.
             (Exact name of registrant as specified in its charter)


       Delaware                    333-84249-07                13-3439681
     (State or other          (Commission File Number)       (IRS Employer
     jurisdiction of                                       Identification No.)
     incorporation)


388 Greenwich Street, 4th Floor
New York, New York                                                10013
(Address of principal executive offices)                       (Zip Code)


       Registrant's telephone number, including area code : (212) 723-8604

                                       N/A
         (Former name or former address, if changed since last report.)


<PAGE>


Item 5.    Other Events.

     This report and the attached exhibit is being filed pursuant to "no-action"
positions  taken by the  Securities  and  Exchange  Commission  with  respect to
alternative means of satisfying the Registrant's reporting obligations under the
Securities  Exchange Act of 1934, as amended,  with respect to the  Registrant's
Salomon Brothers Mortgage Securities VII, Inc., Commercial Mortgage Pass-Through
Certificates, Series 2000-C2 (the "Certificates"). The Certificates were issued,
and this  report and  exhibits  are being  filed,  pursuant  to the terms of the
Pooling and Servicing  Agreement,  dated as of August 1, 2000 (the "Agreement"),
among  Salomon  Brothers  Mortgage  Securities  VII,  Inc.,  as  depositor  (the
"Depositor"),  ORIX Real Estate  Capital  Markets,  LLC as master  servicer (the
"Master  Servicer"),  and Wells Fargo Bank  Minnesota,  National  Association as
trustee  (the  "Trustee").  Wells  Fargo Bank  Minnesota,  National  Association
further  appoints  The Chase  Manhattan  Bank to act as  Custodian,  Certificate
Administrator,  Tax Administrator,  and Certificate Registrar under the terms of
the Agreement.

     On December  18, 2000  distributions  were made to the  Certificateholders.
Specific  information  with respect to these  distributions is filed as  Exhibit
99.1.  No other  reportable  transactions  or matters have  occurred  during the
current reporting period.

Item 7.    Financial Statements and Exhibits.

           (a)   Not applicable

           (b)   Not applicable

           (c)   The following exhibit is filed as part of this report:

                 Statement to Certificateholders on December 18, 2000,
                 as Exhibit 99.1.



<PAGE>


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.

                                     THE CHASE MANHATTAN BANK,
                                     not in its individual capacity but solely
                                     as Custodian, Certificate Administrator,
                                     Tax Administrator, and Certificate
                                     Registrar under the Agreement referred
                                     to herein

Date: January 2, 2001                By:   /s/ Diane E. Wallace
                                        Assistant Vice President



<PAGE>
INDEX TO EXHIBITS

      Exhibit
      Number                  Description of Exhibits

      99.1     Statement to Certificateholders on December 18, 2000




<PAGE>
                                  Exhibit 99.1

              Monthly Certificateholder Statement on December 18, 2000



<TABLE>
<S>       <C>       <C>
           SALOMON BROTHERS MORTGAGE SECURITIES VII, INC., COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2000-C2
                                           STATEMENT TO CERTIFICATEHOLDERS
                                                    December 18, 2000
-----------------------------------------------------------------------------------------------------------------------------------
                                             DISTRIBUTION IN DOLLARS
-----------------------------------------------------------------------------------------------------------------------------------
                                                                                      PREPAYMENT            REALIZED
                                ORIGINAL      BEGINNING                               PREMIUMS/             LOSSES/    ENDING
               CURRENT PASS     FACE          PRINCIPAL                               YIELD MAINT           TRUST      PRINCIPAL
CLASS  CUSIP   THROUGH RATE     VALUE         BALANCE       PRINCIPAL      INTEREST   CHARGES     TOTAL     EXPENSES   BALANCE
-----------------------------------------------------------------------------------------------------------------------------------
A1 79548K4L9    7.29800000%  114,610,000.00  113,041,623.13   647,252.66    687,481.47   0.00 1,334,734.13     0.00 112,394,370.47
A2 79548K4M7    7.45500000%  483,255,000.00  483,255,000.00         0.00  3,002,221.69   0.00 3,002,221.69     0.00 483,255,000.00
B  79548K4N5    7.52600000%   33,214,000.00   33,214,000.00         0.00    208,307.14   0.00   208,307.14     0.00  33,214,000.00
C  79548K4P0    7.72700000%   33,215,000.00   33,215,000.00         0.00    213,876.92   0.00   213,876.92     0.00  33,215,000.00
D  79548K4Q8    7.83400000%    7,815,000.00    7,815,000.00         0.00     51,018.93   0.00    51,018.93     0.00   7,815,000.00
E  79548K4R6    8.19300000%   11,723,000.00   11,723,000.00         0.00     80,038.78   0.00    80,038.78     0.00  11,723,000.00
F  79548K4S4    8.20000000%   13,677,000.00   13,677,000.00         0.00     93,459.50   0.00    93,459.50     0.00  13,677,000.00
G  79548K4T2    8.23452200%    9,769,000.00    9,769,000.00         0.00     67,035.87   0.00    67,035.87     0.00   9,769,000.00
H  79548K4V7    6.30800000%   21,492,000.00   21,492,000.00         0.00    112,976.28   0.00   112,976.28     0.00  21,492,000.00
J  79548K4W5    6.30800000%   13,677,000.00   13,677,000.00         0.00     71,895.43   0.00    71,895.43     0.00  13,677,000.00
K  79548K4X3    6.30800000%    5,861,000.00    5,861,000.00         0.00     30,809.32   0.00    30,809.32     0.00   5,861,000.00
L  79548K4Y1    6.30800000%    5,861,000.00    5,861,000.00         0.00     30,809.32   0.00    30,809.32     0.00   5,861,000.00
M  79548K4Z8    6.30800000%    8,792,000.00    8,792,000.00         0.00     46,216.61   0.00    46,216.61     0.00   8,792,000.00
N  79548K5A2    6.80800000%    6,839,000.00    6,839,000.00         0.00     38,799.93   0.00    38,799.93     0.00   6,839,000.00
P  79548K5B0    6.80800000%   11,723,168.00   11,723,168.00         0.00     66,509.44   0.00    66,509.44     0.00  11,723,168.00
R  79548K5C8    0.00000000%            0.00            0.00         0.00          0.00   0.00         0.00     0.00           0.00
-----------------------------------------------------------------------------------------------------------------------------------
TOTALS                       781,523,168.00  779,954,791.13   647,252.66  4,801,456.63   0.00 5,448,709.29     0.00 779,307,538.47
-----------------------------------------------------------------------------------------------------------------------------------
X  79548K4U9    0.84723800%  781,523,168.00  779,954,791.13         0.00    550,672.64   0.00   550,672.64     0.00 779,307,538.47
Y  79548K5D6    0.00000000%            0.00            0.00         0.00          0.00   0.00         0.00     0.00           0.00
-----------------------------------------------------------------------------------------------------------------------------------

-----------------------------------------------------------------------------------------------------------------------------------
             FACTOR INFORMATION PER $1,000 OF ORIGINAL FACE
-----------------------------------------------------------------------------------------------------------------------------------
                     BEGINNINNG                                      PREPAYMENT                    REALIZED           ENDING
                     PRINCIPAL                                       PREMIUMS/YIELD                LOSSES/TRUST       PRINCIPAL
CLASS  CUSIP         FACTOR         PRINCIPAL        INTEREST        MAINT CHARGES      TOTAL      EXPENSES           FACTOR
-----------------------------------------------------------------------------------------------------------------------------------
A1   79548K4L9     986.31553207    5.64743617      5.99844228      0.00000000       11.64587846    0.00000000         980.66809589
A2   79548K4M7   1,000.00000000    0.00000000      6.21250001      0.00000000        6.21250001    0.00000000       1,000.00000000
B    79548K4N5   1,000.00000000    0.00000000      6.27166677      0.00000000        6.27166677    0.00000000       1,000.00000000
C    79548K4P0   1,000.00000000    0.00000000      6.43916664      0.00000000        6.43916664    0.00000000       1,000.00000000
D    79548K4Q8   1,000.00000000    0.00000000      6.52833397      0.00000000        6.52833397    0.00000000       1,000.00000000
E    79548K4R6   1,000.00000000    0.00000000      6.82749979      0.00000000        6.82749979    0.00000000       1,000.00000000
F    79548K4S4   1,000.00000000    0.00000000      6.83333333      0.00000000        6.83333333    0.00000000       1,000.00000000
G    79548K4T2   1,000.00000000    0.00000000      6.86210155      0.00000000        6.86210155    0.00000000       1,000.00000000
H    79548K4V7   1,000.00000000    0.00000000      5.25666667      0.00000000        5.25666667    0.00000000       1,000.00000000
J    79548K4W5   1,000.00000000    0.00000000      5.25666667      0.00000000        5.25666667    0.00000000       1,000.00000000
K    79548K4X3   1,000.00000000    0.00000000      5.25666610      0.00000000        5.25666610    0.00000000       1,000.00000000
L    79548K4Y1   1,000.00000000    0.00000000      5.25666610      0.00000000        5.25666610    0.00000000       1,000.00000000
M    79548K4Z8   1,000.00000000    0.00000000      5.25666629      0.00000000        5.25666629    0.00000000       1,000.00000000
N    79548K5A2   1,000.00000000    0.00000000      5.67333382      0.00000000        5.67333382    0.00000000       1,000.00000000
P    79548K5B0   1,000.00000000    0.00000000      5.67333335      0.00000000        5.67333335    0.00000000       1,000.00000000
R    79548K5C8       0.00000000    0.00000000      0.00000000      0.00000000        0.00000000    0.00000000           0.00000000
-----------------------------------------------------------------------------------------------------------------------------------
TOTALS             997.99317930    0.82819382      6.14371631      0.00000000        6.97191013    0.00000000         997.16498548
-----------------------------------------------------------------------------------------------------------------------------------
X    79548K4U9     997.99317930    0.00000000      0.70461461      0.00000000        0.70461461    0.00000000         997.16498548
Y    79548K5D6       0.00000000    0.00000000      0.00000000      0.00000000        0.00000000    0.00000000           0.00000000
-----------------------------------------------------------------------------------------------------------------------------------


If there are any questions or problems with this statement, please contact the Administrator listed below:

                                THOMAS M. BRITT
                THE CHASE MANHATTAN BANK - STRUCTURED FINANCE SERVICES
                        450 WEST 33RD STREET, 14TH FLOOR
                            NEW YORK, NEW YORK 10001
                              TEL:  212/946-3228

<PAGE>
           SALOMON BROTHERS MORTGAGE SECURITIES VII, INC., COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2000-C2
                                           STATEMENT TO CERTIFICATEHOLDERS
                                                    December 18, 2000

Available Funds                                                                                     5,999,381.93

Principal Distribution Amount                                                                         647,252.66

Prepayment Interest Shortfall                                                                               0.00

Excess Interest                                                                                             0.00

Extraordinary Trust Fund Expenses                                                                           0.00


Interest Reserve Account



Balance  Information
-----------------------------------------------------------------------------------------------------------------------------------
GROUP   LOAN COUNT      SCHEDULED    BEGINNING      BEGINNING          BEGINNING       ENDING        ENDING              ENDING
            AT          BALANCE AT     LOAN         SCHEDULED          UNPAID          LOAN          SCHEDULED           UNPAID
      SECURITIZATION  SECURITIZATION   COUNT        BALANCE            BALANCE         COUNT         BALANCE             BALANCE
-----------------------------------------------------------------------------------------------------------------------------------
 1            192     781,523,168.15     192     779,954,791.13    779,973,314.14        192       779,307,538.47    779,323,335.98
-----------------------------------------------------------------------------------------------------------------------------------
TOTALS        192     781,523,168.15     192     779,954,791.13    779,973,314.14        192       779,307,538.47    779,323,335.98
-----------------------------------------------------------------------------------------------------------------------------------




Number and Aggregate Principal Amounts of Mortgage Loans in Delinquency

                             PERIOD            NUMBER          AGGREGATED        PERCENTAGE
                                                           PRINCIPAL BALANCE
                             ---------------------------------------------------------------
                               1 Month             0                  0.00       0.00000000%
                               2 Months            0                  0.00       0.00000000%
                               3+ Months           0                  0.00       0.00000000%
                              In Foreclosure       0                  0.00       0.00000000%
                                REO                0                  0.00       0.00000000%
                                Bankruptcies       0                  0.00       0.00000000%
                                TOTALS             0                  0.00       0.00000000%
                             ---------------------------------------------------------------

Percentage Preumiums/Yield Maintenance Charges
                             ---------------------------------------------------------------
                                CLASS               PREPAYMENT          YIELD MAINTENANCE
                                                     PREMIUM
                             ---------------------------------------------------------------
                             A1                       0.00                           0.00
                             A2                       0.00                           0.00
                             B                        0.00                           0.00
                             C                        0.00                           0.00
                             D                        0.00                           0.00
                             E                        0.00                           0.00
                             F                        0.00                           0.00
                             G                        0.00                           0.00
                             H                        0.00                           0.00
                             J                        0.00                           0.00
                             K                        0.00                           0.00
                             L                        0.00                           0.00
                             M                        0.00                           0.00
                             N                        0.00                           0.00
                             P                        0.00                           0.00
                             X                        0.00                           0.00
                             R                        0.00                           0.00
                             Y                        0.00                           0.00
                             TOTALS                   0.00                           0.00
                             ---------------------------------------------------------------
<PAGE>

           SALOMON BROTHERS MORTGAGE SECURITIES VII, INC., COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2000-C2
                                           STATEMENT TO CERTIFICATEHOLDERS
                                                    December 18, 2000

Advance Summary

        Principal & Interest Advances

                Master Servicer P&I Advances Made                                                         163,533.40

                Master Servicer Unreimbursed P&I Advances                                                 164,425.50

                Interest Accrued and Payable to Master Servicer in Respect of P&I Advances Made                 0.00

        Servicing Advances

                Current Servicing Advances                                                                      0.00

                Outstanding Servicing Advances                                                                  0.00

                Reimbursement of Interest on any Servicing Advances                                             0.00

Fee Summary

        Master Servicing Fees                                                                              12,999.25

        Special-Servicing Standby Fees                                                                     24,765.26

        Trustee Fees                                                                                        1,624.91

        Special Servicer Fee                                                                                    0.00

        Workout Fee                                                                                             0.00


Appraisal Reduction Amounts             ---------------------------------------------------
                                        LOAN NUMBER     APPRAISAL             APPRAISAL
                                                      REDUCTION EFFECTED   REDUCTION AMOUNT
                                                           DATE
                                        ---------------------------------------------------
                                           NONE
                                        ---------------------------------------------------

Interest Detail
----------------------------------------------------------------------------------------------------------------------------------
        CLASS         ACCRUED   PREPAYMENT    BEGINNING    INTEREST   TOTAL             CERTIFICATE         ENDING
                   CERTIFICATE   INTEREST     UNPAID       LOSS       INTEREST            INTEREST          UNPAID
                      INTEREST   SHORTFALL    INTEREST                PAYABLE           DISTRIBUTABLE       INTEREST
----------------------------------------------------------------------------------------------------------------------------------
        A1          687,481.47       0.00       0.00       0.00     687,481.47        687,481.47               0.00
        A2        3,002,221.69       0.00       0.00       0.00   3,002,221.69      3,002,221.69               0.00
        B           208,307.14       0.00       0.00       0.00     208,307.14        208,307.14               0.00
        C           213,876.92       0.00       0.00       0.00     213,876.92        213,876.92               0.00
        D            51,018.93       0.00       0.00       0.00      51,018.93         51,018.93               0.00
        E            80,038.78       0.00       0.00       0.00      80,038.78         80,038.78               0.00
        F            93,459.50       0.00       0.00       0.00      93,459.50         93,459.50               0.00
        G            67,035.87       0.00       0.00       0.00      67,035.87         67,035.87               0.00
        H           112,976.28       0.00       0.00       0.00     112,976.28        112,976.28               0.00
        J            71,895.43       0.00       0.00       0.00      71,895.43         71,895.43               0.00
        K            30,809.32       0.00       0.00       0.00      30,809.32         30,809.32               0.00
        L            30,809.32       0.00       0.00       0.00      30,809.32         30,809.32               0.00
        M            46,216.61       0.00       0.00       0.00      46,216.61         46,216.61               0.00
        N            38,799.93       0.00       0.00       0.00      38,799.93         38,799.93               0.00
        P            66,509.44       0.00       0.00       0.00      66,509.44         66,509.44               0.00
        X           550,672.64       0.00       0.00       0.00     550,672.64        550,672.64               0.00
        R                 0.00       0.00       0.00       0.00           0.00              0.00               0.00
        Y                 0.00       0.00       0.00       0.00           0.00              0.00               0.00
----------------------------------------------------------------------------------------------------------------------------------
TOTALS            5,352,129.27       0.00       0.00       0.00   5,352,129.27      5,352,129.27               0.00
----------------------------------------------------------------------------------------------------------------------------------






</TABLE>


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