MERRILL LYNCH MORTGAGE INVESTORS INC
8-K, 1999-10-26
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 and Exchange Act of 1934

       Date of Report (Date of earliest event reported): October 22, 1999

                     MERRILL LYNCH MORTGAGE INVESTORS, INC.
                     --------------------------------------

      (Exact name of registrant as specified in its governing instruments)

           Delaware                    333-38073               13-3416059
           --------                    ---------               ----------
(State or other jurisdiction    (Commission File Number)     (I.R.S. Employer
      of Incorporation)                                      Identification No.)

                             World Financial Center
                                   North Tower
                            New York, New York 10281
                    ----------------------------------------
                    (Address of Principal Executive Offices)

       Registrant's telephone number, including area code: (212) 449-3860



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Item 5. Other Events.

     On or about November 4, 1999, the Registrant will cause the issuance and
sale of its Mortgage Pass-Through Certificates, Series 1999-C1 pursuant to a
Pooling and Servicing Agreement to be dated as of November 1, 1999, among the
Registrant, ORIX Real Estate Capital Markets, LLC, as master servicer, ORIX Real
Estate Capital Markets, LLC, as special servicer, and Norwest Bank Minnesota,
National Association, as trustee (the "Pooling and Servicing Agreement").

     In connection with the sale of the Series 1999-C1, Class A-1, Class A-2,
Class B, Class C, Class D, Class E, Class F and Class IO Certificates (the
"Underwritten Certificates"), the Registrant has been advised by Merrill Lynch,
Pierce, Fenner & Smith Incorporated, one of the underwriters of the Underwritten
Certificates ("Merrill Lynch"), that Merrill Lynch has, following the effective
date of Registration Statement No. 333-38073, furnished to prospective investors
certain information about the mortgage loans expected to be deposited in trust
under the Pooling and Servicing Agreement (the "Collateral Information"). The
Collateral Information is being filed as an exhibit to this report.

     The Collateral Information has been provided by Merrill Lynch. The
Collateral Information is preliminary and may be superseded by the Prospectus
Supplement relating to the Underwritten Certificates and by any other
information subsequently filed with the Securities and Exchange Commission.


                                       -2-

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Item 7. Financial Statements and Exhibits.

     (a) Financial Statements.

         Not applicable.

     (b) Pro Forma Financial Information.

         Not applicable.

     (c) Exhibits.

                          Item 601(a) of Regulation
     Exhibit Number       S-K Exhibit No.                 Description
     --------------       -------------------------       -----------
           1                         99                   Collateral Information


                                       -3-

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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 hereunto duly authorized.



                                        MERRILL LYNCH MORTGAGE INVESTORS, INC.

                                        By: /s/ Michael M. McGovern
                                            ------------------------------
                                            Name:  Michael M. McGovern
                                            Title: Secretary and Director


Dated: October 26, 1999


                                       -4-

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                                  EXHIBIT INDEX

The following exhibit is being filed herewith:

                   Item 601(a) of
                   Regulation
Exhibit Number     S-K Exhibit No.     Description                Page
- --------------     ---------------     -----------                ----
       1                  99           Collateral Information     6


                                      -5-


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                                    Exhibit 1


Late yesterday it was decided that 2 loans would be dropped from the 99-C1 deal
due to concerns raised by an investor related to the affiliates of 1 borrower.
The 2 loans are:

Control #     Property Name                Type       Amount      %
ORIX-3452     250 Plaza Office             Office     $15.0mm     2.4%
ORIX-3288     Bayshore Executive Plaza     Office     $5.3mm      0.9%

The issue centered around an individual indirectly affiliated with the borrower.
ORIX made the loan with full knowledge of the affiliation & structured the loan
appropriately. To preserve the integrity of the transaction ORIX volunteered to
remove the loans from the pool.

The information herein has been obtained from various sources. We do not
guarantee its accuracy. Neither the information, recommendations or opinions
expressed herein constitutes an offer to buy or sell any securities, futures,
options, or investment products. Merrill Lynch may trade for its own account in
the securities or other products described here. Foreign currency denominated
investments are subject to fluctuations in exchange rates that could have a
positive or adverse effect on the investor's return.


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