Salomon Brothers Mortgage Securities VII, Inc                                Distribution Date:  12/26/2001
Mortgage Pass-Through Certificates                                                 Record Date:  11/30/2001
Series 2001-2

CONTACT INFORMATION                                                 CONTENTS

  Depositor          Salomon Brothers Mortgage Securities VII,         Distribution Summary            2
                     Inc.                                              (Dollars)
                     390 Greenwich Street

                     New York, NY  10013                               Distribution Summary            3
                                                                       (Factors)

  Underwriter        Salomon Smith Barney, Inc.                        Interest Distribution Detail    4
                     390 Greenwich Street

                     New York, NY  10013                               Principal Distribution          5
                                                                       Detail

  Servicer           Litton Loan Servicing LP                          Collateral Summary              6
                     5373 West Alabama
                     Houston, TX  77056                                Delinquency Summary             7

  Trustee            JPMorgan Chase Bank                               Other Information               8
                     450 West 33rd Street
                     New York, NY 10001

  Trust AdministratorCitibank, N.A.
                     111 Wall Street
                     New York, NY  10005

  Deal Contact:                      Kristen Driscoll                  Citibank, N.A.
                                     kristen.driscoll@citi.com         Agency and Trust

                                     Tel: (212) 657-2186               111 Wall Street, 14th Floor,
                                                                       Zone 3
                                     Fax: (212) 657-4009               New York, NY  10005

 Salomon Brothers Mortgage Securities VII, Inc
 Mortgage Pass-Through Certificates
 Series 2001-2

 Distribution Summary

 Distribution in
Dollars
        Original      Prior                                                                   Current      Current
        Principal     Principal     Pass-Through Interest    Principal   Total       Deferred Realized     Principal
 Class  Balance       Balance       Rate         Distributed Distributed Distributed Interest Loss/(Recov) Balance
 (1)    (2)           (3)           (4)          (5)         (6)         (7)=(5+6)   (8)      (9)          (10)=(3-6+8-9)
 A     204,097,000.00204,097,000.00    5.250000%  892,924.381,817,353.442,710,277.82     0.00         0.00 202,279,646.56
 M-1    22,450,000.00 22,450,000.00    6.000000%  112,250.00        0.00  112,250.00     0.00         0.00  22,450,000.00
 M-2    12,246,000.00 12,246,000.00    6.000000%   61,230.00        0.00   61,230.00     0.00         0.00  12,246,000.00
 M-3     8,844,000.00  8,844,000.00    6.000000%   44,220.00        0.00   44,220.00     0.00         0.00   8,844,000.00
 M-4    14,287,000.00 14,287,000.00    6.000000%   71,435.00        0.00   71,435.00     0.00         0.00  14,287,000.00
 M-5     8,164,000.00  8,164,000.00    6.000000%   40,820.00        0.00   40,820.00     0.00         0.00   8,164,000.00
 M-6     2,041,440.00  2,041,440.00    6.000000%   10,207.20        0.00   10,207.20     0.00         0.00   2,041,440.00
 r               0.00          0.00    0.000000%        0.00        0.00        0.00     0.00         0.00           0.00
 Totals272,129,440.00272,129,440.00             1,233,086.581,817,353.443,050,440.02     0.00         0.00 270,312,086.56

 citibank                                                                                                   COPYRIGHT
                                                                                                          2001 Citibank

 Salomon Brothers Mortgage Securities VII, Inc
 Mortgage Pass-Through Certificates
 Series 2001-2

 Factor Information

 Per $1,000 of Original
Balance
                 Prior                                                           Current       Current
                 Principal     Interest     Principal    Total         Deferred  Realized      Principal
 Class Cusip     Balance       Distributed  Distributed  Distributed   Interest  Loss/(Recov)  Balance

                 (3/2 x        (5/2 x       (6/2 x       (7/2 x        (8/2 x    (9/2 x 1000)  (10/2 x 1000)
                1000)         1000)        1000)        1000)         1000)
A     79548K6H6  1,000.000000      4.375000     8.904361    13.279361   0.000000     0.000000     991.095639

M-1   79548K6E3  1,000.000000      5.000000     0.000000     5.000000   0.000000     0.000000   1,000.000000

M-2   79548K6F0  1,000.000000      5.000000     0.000000     5.000000   0.000000     0.000000   1,000.000000

M-3   79548K6G8  1,000.000000      5.000000     0.000000     5.000000   0.000000     0.000000   1,000.000000

M-4   7966419H3  1,000.000000      5.000000     0.000000     5.000000   0.000000     0.000000   1,000.000000

M-5   7966419J9  1,000.000000      5.000000     0.000000     5.000000   0.000000     0.000000   1,000.000000

M-6   7966419K6  1,000.000000      5.000000     0.000000     5.000000   0.000000     0.000000   1,000.000000

r     00285ZZZ6      0.000000      0.000000     0.000000     0.000000   0.000000     0.000000       0.000000

 citibank                                                                                      COPYRIGHT
                                                                                              2001 Citibank

 Salomon Brothers Mortgage Securities VII, Inc
 Mortgage Pass-Through Certificates
 Series 2001-2

 Interest Distribution Detail

 Distribution in
Dollars
        Prior                      Optimal     Prior    Nonrecoverable                                      Current
        Principal     Pass-Through Accrued     Unpaid   Interest       Interest        Deferred Interest    Unpaid
 Class  Balance       Rate         Interest    Interest Shortfall      Due             Interest Distributed Interest
 (1)    (2)           (3)          (4)         (5)      (6)            (7)=(4)+(5)-(6) (8)      (9)         (10)=(7)-(8)-(9)
 A     204,097,000.00    5.250000%  892,924.38     0.00           0.00      892,924.38     0.00  892,924.38             0.00
 M-1    22,450,000.00    6.000000%  112,250.00     0.00           0.00      112,250.00     0.00  112,250.00             0.00
 M-2    12,246,000.00    6.000000%   61,230.00     0.00           0.00       61,230.00     0.00   61,230.00             0.00
 M-3     8,844,000.00    6.000000%   44,220.00     0.00           0.00       44,220.00     0.00   44,220.00             0.00
 M-4    14,287,000.00    6.000000%   71,435.00     0.00           0.00       71,435.00     0.00   71,435.00             0.00
 M-5     8,164,000.00    6.000000%   40,820.00     0.00           0.00       40,820.00     0.00   40,820.00             0.00
 M-6     2,041,440.00    6.000000%   10,207.20     0.00           0.00       10,207.20     0.00   10,207.20             0.00
 r               0.00    0.000000%        0.00     0.00           0.00            0.00     0.00        0.00             0.00
 Totals272,129,440.00             1,233,086.58     0.00           0.00    1,233,086.58     0.001,233,086.58             0.00

 Salomon Brothers Mortgage Securities VII, Inc
 Mortgage Pass-Through Certificates
 Series 2001-2

 Principal Distribution Detail

 Distribution in
Dollars
                      Prior                               Current  Current    Current                 Cumulative
        Original      Principal     Principal   Accreted  Realized Principal  Principal               Realized
 Class  Balance       Balance       Distributed Principal Losses   Recoveries Balance                 Losses
 (1)    (2)           (3)           (4)         (5)       (6)      (7)        (8)=(3)-(4)+(5)-(6)+(7) (9)
 A     204,097,000.00204,097,000.001,817,353.44      0.00     0.00       0.00          202,279,646.56       0.00
 M-1    22,450,000.00 22,450,000.00        0.00      0.00     0.00       0.00           22,450,000.00       0.00
 M-2    12,246,000.00 12,246,000.00        0.00      0.00     0.00       0.00           12,246,000.00       0.00
 M-3     8,844,000.00  8,844,000.00        0.00      0.00     0.00       0.00            8,844,000.00       0.00
 M-4    14,287,000.00 14,287,000.00        0.00      0.00     0.00       0.00           14,287,000.00       0.00
 M-5     8,164,000.00  8,164,000.00        0.00      0.00     0.00       0.00            8,164,000.00       0.00
 M-6     2,041,440.00  2,041,440.00        0.00      0.00     0.00       0.00            2,041,440.00       0.00
 r               0.00          0.00        0.00      0.00     0.00       0.00                    0.00       0.00
 Totals272,129,440.00272,129,440.001,817,353.44      0.00     0.00       0.00          270,312,086.56       0.00

 Salomon Brothers Mortgage Securities VII, Inc
 Mortgage Pass-Through Certificates
 Series 2001-2

 Delinquency Information

 GROUP 1

                          1 Payment                            2 Payments    3+ Payments     Totals
  Delinquency

  Scheduled                                       75,187,728.07  2,304,819.28 1,511,818.60   79,004,365.95
  Principal Balance
  Arrearage Balance                               21,627,918.98    186,170.41   140,639.22   21,954,728.61
  Number of Loans                                         1,299            79           41           1,419
  Percentage of                                        35.3758%       2.1514%      1.1166%        38.6438%
  Total Loans

  Foreclosure

  Scheduled                                                0.00          0.00         0.00            0.00
  Principal Balance
  Arrearage Balance                                        0.00          0.00         0.00            0.00
  Number of Loans                                             0             0            0            0.00
  Percentage of                                         0.0000%       0.0000%      0.0000%         0.0000%
  Total Loans

  Bankruptcy

  Scheduled                                          323,067.23    275,807.4310,535,442.04   11,134,316.70
  Principal Balance
  Arrearage Balance                                   64,394.91     15,686.63 3,697,744.50    3,777,826.04
  Number of Loans                                             7             3          191             201
  Percentage of                                         0.1906%       0.0817%      5.2015%         5.4739%
  Total Loans

  REO

  Scheduled                                                0.00          0.00         0.00            0.00
  Principal Balance
  Arrearage Balance                                        0.00          0.00         0.00            0.00
  Number of Loans                                             0             0            0               0
  Percentage of                                         0.0000%       0.0000%      0.0000%         0.0000%
  Total Loans

  Total

  Scheduled                                       75,510,795.30  2,580,626.7112,047,260.64   90,138,682.65
  Principal Balance
  Arrearage Balance                               21,692,313.89    201,857.04 3,838,383.72   25,732,554.65
  Number of Loans                                         1,306            82          232           1,620
  Percentage of                                        35.5664%       2.2331%      6.3181%        44.1176%
  Total Loans

  Current Payment
  Advances                757,630.47

 Salomon Brothers Mortgage Securities VII, Inc
 Mortgage Pass-Through Certificates
 Series 2001-2

 Other Information

   Arrearage Information
              Portion of Arrearage Collections                                     183,333.10
              Retained by Trust
              Portion of Arrearage Collections Retained                            15,942.01
              by Servicer
              Total Arrearage Collections                                          199,275.11

              Prior Arrearage Balance                                              60,068,902.20
              Current Arrearage Balance                                            59,869,627.09

              Prior Legal Balance                                                  276,934,951.73
              Current Legal Balance                                                275,273,449.53

              Prior Adjusted Legal                                                 272,129,439.55
              Balance
              Current Adjusted Legal Balance                                       270,483,879.36

   Group 2
              Prior Reserve Fund Balance                                           1,000.00
              Deposits to Reserve Fund                                             0.00
              Draws on Reserve Fund                                                0.00
              Current Reserve Fund                                                 1,000.00
              Balance

   Current Extraordinary Trust Fund                                                0.00
   Expenses
   Cumulative Extraordinary Trust Fund Expenses                                    0.00
   Senior Residual Distribution Amount                                             0.00

   Overcollateralization                                                                      171,792.80
   Credit Enhancement Percentage                                                              25.215637%
   Has a Stepdown Date Occurred?                                                    No
   Is a Trigger Event in Effect?                                                    No

 Salomon Brothers Mortgage Securities VII, Inc
 Mortgage Pass-Through Certificates
 Series 2001-2

 Other Information

      Constant Prepayment Rate                                                                      6.371536%

      Single Month Mortality(SMM): (Pool Reduction- Scheduled Principal)/(Prior Unpaid Principal
      Balance - Scheduled Principal)
      Constat Prepayment Rate: 1-((1-SMM)^12)

      Arrearage Repayment Percentage                                                                107.643493%

      Arrearage Repayment Percentage:(Current Scheduled P&I + Arrearage Principal)/(Original
      Scheduled P&I)