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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):January 25, 2001

Structured Asset Mortgage Investments, Inc.
Mortgage Pass-Through certificates, Series 1999-1
(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.

Item 5. Other Events.

1. A distribution was made to the Certificateholders of the Structured Asset Mortgage Investments, Inc. Mortgage Pass-Through Certificates, Series 1999-1, on January 25, 2001. The distribution was made pursuant to the provisions of a Pooling and Servicing Agreement dated February 24, 1999, between and among Structured Asset Mortgage Investments Inc. (formerly known as Bear Stearns Mortgage Securities Inc.), as Depositor, Norwest Bank Minnesota, National Association, as Master Services, and The First National Bank of Chicago, as Trustee.

Item 7. Financial Statements and Exhibits.

c) Exhibits.

(28.23) January 25, 2001 - Information on Distribution to Certificateholders.

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:   February 15, 2001              By:   /S/Samuel Molinaro
                                                Samuel Molinaro
                                                Treasurer and Secretary

Structured Asset Mortgage Investments, Inc.

FORM 8-K

CURRENT REPORT

Exhibit Index

Exhibit No.              Description


     (28.23)            January 25, 2001 - Information on
                         Distribution to Certificateholders

              January 25, 2001 - INFORMATION ON DISTRIBUTION EXHIBIT 28.23
                                 TO CERTIFICATEHOLDERS



Structured Asset Mortgage Investments, Inc
Mortgage Pass-Through Certificates, Series 1999-1

                Principal Amt.
                 Outstanding                                                                          Ending
 Certificate       Prior to       Interest       Interest        Principal           Total          Certificate
    Class        Distribution       Rate        Distribution   Distribution      Distribution         Balance
     A       $  167,920,039       6.58123%    $  920,933.53  $1,441,172.05   $  2,362,105.58   $166,478,866.96
     R-1                  0       6.58123%             0.00           0.00              0.00              0.00
     B-1          1,907,999       6.58123%        10,464.15           0.00         10,464.15      1,907,999.87
     B-2            954,000       6.58123%         5,232.08           0.00          5,232.08        953,999.94
     B-3            954,000       6.58123%         5,232.08           0.00          5,232.08        953,999.94
     B-4            954,000       6.58123%         5,232.08           0.00          5,232.08        953,999.94
     B-5            477,000       6.58123%         2,616.04           0.00          2,616.04        476,999.97
     B-6            478,659       6.58123%         2,625.13           0.00          2,625.14        478,658.97
     2-A         55,569,207       9.02610%       417,959.70     373,630.08        791,589.78     55,195,577.12
     R-II                 0       9.02610%             0.00           0.00              0.00              0.00
     2B1          1,674,222       9.02610%        12,592.54       5,148.44         17,740.98      1,669,073.28
     2B2          1,052,451       9.02610%         7,915.94       3,236.42         11,152.36      1,049,214.93
     2B3            669,707       9.02610%         5,037.16       2,059.43          7,096.59        667,648.09
     2B4            526,179       9.02610%         3,957.61       1,618.06          5,575.67        524,560.52
     2B5            382,744       9.02610%         2,878.78       1,176.99          4,055.77        381,566.84
     2B6            401,831       9.02610%         3,022.34       1,235.68          4,258.02        400,595.66
     R-III                0       6.58123%             0.00           0.00              0.00              0.00

              $ 233,922,039                $   1,405,699.17  $1,829,277.15   $  3,234,976.32   $232,092,762.03