STRUCTURED ASSET MORTGAGE INVESTMENTS INC
8-K, EX-28.28, 2000-09-15
ASSET-BACKED SECURITIES
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             August 25, 2000 - INFORMATION ON DISTRIBUTION EXHIBIT 28.28
                                TO CERTIFICATEHOLDERS



Structured Asset Mortgage Investments, Inc.
Mortgage Pass-Through Certificates, Series 1998-5
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                     Beginning      Pass Thru   Principal    Interest      Total         Ending Cert./
   Type      Class   Cert. Bal.        Rate     Dist. Amt.   Dist. Amt.     Dist.        Notional Bal.
 <S>          <C>  <C>              <C>        <C>              <C>         <C>          <C>
  Senior       A-1    7,183,868      6.51117%      135,004         38,979       173,984     7,048,864
               A-2   37,460,978      6.51117%      645,889        203,262       849,151    36,815,089
               A-3   17,769,246      6.51117%      465,322         96,416       561,737    17,303,924
               A-4    9,865,250      6.51117%            0         53,529        53,529     9,865,250
               B-1      575,238      6.51117%        4,989          3,121         8,110       570,249
               B-2      287,660      6.51117%        2,495          1,561         4,056       285,165
               B-3      230,111      6.51117%        1,996          1,249         3,244       228,116
               B-4      115,097      6.51117%          998            625         1,623       114,099
               B-5      115,015      6.51117%          997            624         1,622       114,017
               B-6      115,097      6.51117%          998            625         1,623       114,099
               R-1            0      6.51117%            0              0             0          0.00
               R-11           0      6.51117%            0              0             0          0.00
               R-111          0      6.51117%            0              0             0          0.00

                     73,717,559                  1,258,688        399,990     1,658,677    72,458,872


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