STRUCTURED ASSET MORTGAGE INVESTMENTS INC
8-K, EX-28.31, 2000-12-15
ASSET-BACKED SECURITIES
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              November 27, 2000 - INFORMATION ON DISTRIBUTION EXHIBIT 28.31
                                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    6,843,643      6.51244%       91,201         37,141       128,342     6,752,441
               A-2   35,833,268      6.51244%      436,327        194,468       630,795    35,396,940
               A-3   16,596,585      6.51244%      314,346         90,070       404,416    16,282,239
               A-4    9,865,250      6.51244%            0         53,539        53,539     9,865,250
               B-1      560,187      6.51244%        5,023          3,040         8,063       555,164
               B-2      280,134      6.51244%        2,512          1,520         4,032       277,622
               B-3      224,091      6.51244%        2,009          1,216         3,225       222,082
               B-4      112,085      6.51244%        1,005            608         1,613       111,080
               B-5      112,005      6.51244%        1,004            607         1,612       111,001
               B-6      112,085      6.51244%        1,005            608         1,613       111,080
               R-1            0      6.51244%            0              0             0          0.00
               R-11           0      6.51244%            0              0             0          0.00
               R-111          0      6.51244%            0              0             0          0.00

                     70,539,333                    854,433        382,819     1,237,252    69,684,900


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