STRUCTURED ASSET MORTGAGE INVESTMENTS INC
8-K, 2000-08-16
ASSET-BACKED SECURITIES
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                                        FORM 8-K

                             SECURITIES AND EXCHANGE COMMISSION

                                   WASHINGTON, D.C. 20549




                   CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF
                           THE SECURITIES EXCHANGE ACT OF 1934


           Date of Report (Date of earliest event reported):August 1,2000


                           Structured Asset Mortgage Investments, Inc.
                       Mortgage Pass-Through certificates, Series 1998-2
                   (Exact name of registrant as specified in its charter)



   Delaware                   33-44658                  13-3633241
(State or other     (Commission File Number)  (IRS Employer Identification No.)
 jurisdiction of
 incorporation)



               245 Park Avenue, New York, New York             10167
               (Address of principal executive offices)     (Zip Code)



Registrant's telephone number, including area code:  (212) 272-2000



                                 Not Applicable
             (Former name or former address, if changed since last report.)




<PAGE>


Item 5.       Other Events.


     1. A  distribution  was made to the  Certificateholders  of the
Structured Asset Mortgage  Investments , Inc. Mortgage  Pass-Through
Certificates,  Series 1998-2, on August 1, 2000. The distribution was made
pursuant to the provisions of a Polling and Servicing  Agreement  dated
March 26, 1998,  between and among Structured  Asset  Mortgage  Investments,
Inc., as Seller,  and The Bank of New York.,  as  Trustee.   Complete
Certificateholder  report  of  the underlying Securities  may-be obtain from
the trustee,  The Bank of New York at 101 Barclay Street,Suite 12E, New York,
New York 10286




Item 7.       Financial Statements and Exhibits.


      c)       Exhibits.


              (28.29)     August 1, 2000 - Information on Distribution to
                           Certificateholders.







<PAGE>


SIGNATURE





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.





                                     Structured Asset Mortgage Investments Inc.
                                                    (Registrant)






Date:  August 15, 2000                 By:    /S/Samuel Molinaro
                                                 Samuel Molinaro
                                                 Treasurer and Secretary




<PAGE>



                    STRUCTURED ASSET MORTGAGE INVESTMENTS, INC.
                                     FORM 8-K


                                  CURRENT REPORT


                                  Exhibit Index




Exhibit No.              Description


     (28.29)            August 1, 2000 - Information on Distribution to
                           Certificateholders






<PAGE>




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