SALOMON BROTHERS MORTGAGE SECURITIES VII INC
424B5, 1998-07-02
ASSET-BACKED SECURITIES
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PROSPECTUS SUPPLEMENT
(To Prospectus Supplement and Prospectus Dated June 25, 1998)

$150,374,200 (APPROXIMATE)

MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1998-WFC1

SALOMON BROTHERS MORTGAGE SECURITIES VII, INC.
DEPOSITOR

WMFC 1997-4 INC.
MORTGAGE LOAN SELLER

WILSHIRE SERVICING CORPORATION
MASTER SERVICER

In the first full paragraph on page S-61, clause (c) is changed to read as
follows:

     (c) aggregate Realized Losses on the Mortgage Loans during the immediately
     preceding 12 month period have not exceeded the product of (I) 1.20% and
     (II) the principal balance of the Mortgage Loans as of the Cut-off Date.

                              SALOMON SMITH BARNEY

            The date of this Prospectus Supplement is June 30, 1998.



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