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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 Exchange Act of 1934


Date of report (Date of earliest event reported)  June 5, 2000


                Salomon Brothers Mortgage Securities VII, Inc.

             (Exact Name of Registrant as Specified in Its Charter)




         Delaware                    333-84249-06            13-3439681
         --------                    ------------            ----------

(state or Other Jurisdiction         (Commission          (IRS Employer
of Incorporation)                    File Number)         Identification No.)


388 Greenwich Street, New York, New York
- ----------------------------------------


       10013
       -----
(Address of Principal Executive Offices)                          (Zip Code)

Registrant's telephone number, including area code  (212) 783-5635
                                                    --------------

         (Former Name or Former Address, if Changed Since Last Report)


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Item 5.  Other Events.

        Attached hereto as Exhibit 99.1 are the "Computational Materials" (as
defined in the no-action letter dated May 20, 1994 issued by the Division of
Corporation Finance of the Securities and Exchange Commission (the
"Commission") to Kidder, Peabody Acceptance Corporation I, Kidder, Peabody &
Co. Incorporated, and Kidder Structured Asset Corporation and the no-action
letter dated May 27, 1994 issued by the Division of Corporation Finance of the
Commission to the Public Securities Association) and "ABS Term Sheets" (as
defined in the no-action letter dated February 17, 1995 issued by the Division
of Corporation Finance of the Commission to the Public Securities Association)
prepared and provided to the Registrant by Salomon Smith Barney Inc.,
Greenwich Capital Markets, Inc. and Chase Securities Inc. that are required to
be filed pursuant to such letter.


Item 7.  Financial Statements and Exhibits.

(a) Financial statements of businesses acquired:

      Not applicable.

(b) Pro forma financial information:

      Not applicable.

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(c) Exhibits:

Exhibit No. Description

99.1        (P) Computational Materials and ABS Term Sheets prepared by
            Salomon Smith Barney Inc., Greenwich Capital Markets, Inc. and
            Chase Securities Inc.

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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, thereunto duly authorized.

 Date:      June 7, 2000

                                    SALOMON BROTHERS MORTGAGE
                                        SECURITIES VII, INC.

                                           By: /s/ Angela Hutzel
                                           ----------------------------------
                                              Name:  Angela Hutzel
                                              Title: Assistant Vice President

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                                 EXHIBIT INDEX

            The following exhibits are filed herewith:

Exhibit No.

99.1        (P) Computational Materials and ABS Term Sheets prepared by
            Salomon Smith Barney Inc., Greenwich Capital Markets, Inc. and
            Chase Securities Inc.


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