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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 17, 1996
SALOMON BROTHERS MORTGAGE SECURITIES VII, INC.
(AS DEPOSITOR UNDER THE POOLING AND SERVICING AGREEMENT,
DATED AS OF DECEMBER 1, 1996, PROVIDING FOR THE ISSUANCE OF
ASSET-BACKED FIXED RATE AND FLOATING RATE CERTIFICATES, SERIES 1996-8)
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
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(Address of Principal (Zip Code)
Executive Offices)
Registrant's telephone number, including area code: (212) 783-5659
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Item 5. OTHER EVENTS
Description of the Certificates and the Mortgage Pool
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 a Prospectus
Supplement to its Prospectus, dated December 17, 1996, in connection with the
Depositor's issuance of a series of certificates, entitled Salomon Brothers
Mortgage Securities VII, Inc., Asset-Backed Fixed Rate and Floating Rate
Certificates, Series 1996-8 (the "Certificates"), to be issued pursuant to a
pooling and servicing agreement, dated as of December 1, 1996, among the
Depositor as depositor (the "Depositor"), Option One Mortgage Corporation as
master servicer and Bankers Trust Company as trustee. The Certificates
designated as the Series 1996-8 Certificates will represent in the aggregate the
entire beneficial ownership in a trust fund (the "Trust Fund") consisting
primarily of a segregated pool (the "Mortgage Pool") of conventional, one- to
four-family, first lien mortgage loans having original terms to maturity ranging
from 15 years to 30 years (the "Mortgage Loans"). The Mortgage Pool will consist
of Mortgage Loans having an aggregate principal balance as of December 1, 1996
(the "Cut-off Date") of approximately $212,681,193.26.
Computational Materials
Salomon Brothers Inc (the "Underwriter") has provided certain
prospective purchasers of 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
Certificates and terms of certain classes of Certificates, and the hypothetical
characteristics and hypothetical performance of certain classes of Certificates
under certain assumptions and scenarios.
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Item 7. FINANCIAL STATEMENTS AND EXHIBITS
(a) Not applicable
(b) Not applicable
(c) Exhibits
Exhibit No. Description
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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., Asset-Backed Fixed
Rate and Floating Rate Certificates, Series 1996-8
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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.
Dated: December 17, 1996
SALOMON BROTHERS MORTGAGE
SECURITIES VII, INC.
By: /s/ Vincent J. Varca
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Name: Vincent J. Varca
Title: Vice President
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Index To Exhibits
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Sequentially
Exhibit No. Description Numbered Page
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99 Computational Materials (as defined in P
Item 5) that have been provided by
Salomon Brothers Inc to certain
prospective purchasers of Salomon
Brothers Mortgage Securities VII,
Inc., Asset-Backed Fixed Rate and
Floating Rate Certificates, Series
1996-8
