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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, 1998
SALOMON BROTHERS MORTGAGE SECURITIES VII, INC.
(AS DEPOSITOR UNDER THE POOLING AND SERVICING
AGREEMENT, DATED AS OF DECEMBER 1, 1998, PROVIDING
FOR THE ISSUANCE OF CALLABLE FLOATING RATE MORTGAGE
PASS-THROUGH CERTIFICATES,
SERIES 1998-NC5)
Salomon Brothers Mortgage Securities Vii, Inc.
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(Exact name of registrant as specified in its charter)
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Delaware 333-62737 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 Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (212) 783-5659
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Item 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS.
(a) Not applicable
(b) Not applicable
(c) Exhibits:
Item 601(a) of
Regulation S-K
Exhibit No. Exhibit No. Description
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1 23 Consent of Independent Accountants
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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 18, 1998
SALOMON BROTHERS MORTGAGE
SECURITIES VII, INC.
By: /s/ Vincent J. Varca
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Name: Vincent J. Varca
Title: Assistant Vice President
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INDEX TO EXHIBITS
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Exhibit No. Description Page
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1 Consent of PricewaterhouseCoopers L.L.P. 5
Exhibit 1
CONSENT OF INDEPENDENT ACCOUNTANTS
We consent to the incorporation by reference in the Prospectus Supplement of
Salomon Brothers Mortgage Securities VII, Inc., relating to the Callable
Floating Rate Mortgage Pass-Through Certificates, Series 1998-NC5 of our report
dated January 26, 1998 on our audits of the consolidated financial statements of
Financial Security Assurance Inc. and Subsidiaries as of December 31, 1997 and
1996, and for each of the three years in the period ended December 31, 1997. We
also consent to the reference to our Firm under the caption "Experts."
/s/ PricewaterhouseCoopers L.L.P.
PRICEWATERHOUSECOOPERS L.L.P.
December 17, 1998
