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

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
 Revised

 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%  892,924.381,891,093.462,784,017.84     0.00         0.00 202,205,906.54
 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             1,233,086.581,891,093.463,124,180.04     0.00         0.00 270,238,346.54

 citibank                                                                                                   COPYRIGHT
                                                                                                          2001 Citibank

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

 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     9.265660    13.640660   0.000000     0.000000     990.734340

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
 Revised

 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
 Revised

 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     204,097,000.00204,097,000.001,891,093.46      0.00     0.00       0.00          202,205,906.54       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
 Totals272,129,440.00272,129,440.001,891,093.46      0.00     0.00       0.00          270,238,346.54       0.00

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

 Collateral Summary

 GROUP 1
CHARACTERISTICS

                                         Cut-Off                Prior                   Current

   Aggregate Unpaid
   Principal                                216,866,049.53         216,866,049.53         215,403,822.44
   Balance

   Loan Count
                                         3,686                  3,686                  3,672

   Weighted Average
   Coupon Rate                                         8.804119%              8.804119%N/A
   (WAC)

   Net Weighted Average Coupon                         6.407658%              6.407658%N/A
   Rate (Net WAC)

   Weighted Average
   Maturity (WAM in
   months)                               222                    222                    221

AVAILABLE
PRINCIPAL                         AVAILABLE INTEREST

   Scheduled          277,206.71   Scheduled Interest                                             1,591,119.61
   Principal
   Prepayments        752,264.39
   in Full
   Curtailments       179,596.01   Less:Servicing Fees                                              108,433.02
   Liquidations             0.00        Trustee Fees                                                  4,066.75
   Arrearage
   Principal to       183,333.11        Uncompensated PPIS                                                0.00
   Trust
   Repurchased        253,159.98        Relief Act Shortfall                                              0.00
   Principal
   Other                    0.00        Extraordinary Trust Fund Expenses                                 0.00
   Principal

   TOTAL AVAILABLE  1,645,560.20   TOTAL AVAILABLE INTEREST                                       1,478,619.84
   PRINCIPAL

   Current Realized         0.00
   Losses
   Cumulative               0.00
   Realized Losses

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

 Delinquency Information

 GROUP 1

                          1 Payment                            2 Payments    3+ Payments     Totals
  Delinquency

  Scheduled                                        2,304,819.28  1,511,818.60         0.00    3,816,637.88
  Principal Balance
  Arrearage Balance                                  186,170.41    140,639.22         0.00      326,809.63
  Number of Loans                                            79            41            0             120
  Percentage of                                         2.1514%       1.1166%      0.0000%         3.2680%
  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                                          275,807.43    172,992.0710,362,449.97   10,811,249.47
  Principal Balance
  Arrearage Balance                                   15,686.63     24,904.63 3,672,842.87    3,713,434.13
  Number of Loans                                             3             4          187             194
  Percentage of                                         0.0817%       0.1089%      5.0926%         5.2832%
  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                                        2,580,626.71  1,684,810.6710,362,449.97   14,627,887.35
  Principal Balance
  Arrearage Balance                                  201,857.04    165,543.85 3,672,842.87    4,040,243.76
  Number of Loans                                            82            45          187             314
  Percentage of                                         2.2331%       1.2255%      5.0926%         8.5512%
  Total Loans

  Current Payment
  Advances                757,630.47

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

 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                                                                      245,532.82
   Credit Enhancement Percentage                                                              25.242899%
   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
 Revised

 Other Information

      Constant Prepayment Rate                                                                     5.841852%

      Single Month Mortality(SMM): (Legal Balance Pool Reduction- Scheduled Principal)/(Prior
      Legal  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)