STRUCTURED ASSET MORTGAGE INVESTMENTS INC
8-K, 2001-01-17
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):December 26, 2000


                    Structured Asset Mortgage Investments, Inc.
                 Mortgage Pass-Through certificates, Series 1998-12
              (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
1998-12, on  December 26, 2000. The distribution was made pursuant to the
provisions of a Pooling and Servicing  Agreement  dated  December 28, 1998,
between and among Structured Asset Mortgage Investments Inc. (formerly known as
Bear Stearns Mortgage Securities Inc.), as Seller, Cedant Mortgage Corporation
as Master Servicer, and Norwest Bank Minnesota, National Association, as
Trustee.





Item 7.       Financial Statements and Exhibits.


      c)       Exhibits.


              (28.24)   December 26, 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:     January 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








     (28.24)            December 26, 2000 - Information on
                                            Distribution to Certificateholders






<PAGE>




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