Salomon Home Equity Loan Trust  Asset-Backed Pass-Through Certificates  Series
2002-WMC2
Distribution Date:     11/25/2002

Record Date:           10/31/2002

Distribution Summary

DISTRIBUTION IN DOLLARS

                                             Prior         Pass-                                                                                     Current
                       Original              Principal     Through       Interest    Principal     Total          Deferred               Realized    Principal
Class                  Balance               Balance       Rate          Distributed Distributed   Distributed    Interest               Loss        Balance
(1)                    (2)                   (3)           (4)           (5)         (6)           (7)=(5+6)      (8)                    (9)         (10)=(3-6+8-9)

A1                     315,425,000.00        313,735,627.242.200000%     594,354.72  2,412,982.19  3,007,336.91   0.00                   0.00        311,322,645.05

A2                     107,169,000.00        106,334,293.472.155000%     197,323.96  1,135,442.57  1,332,766.53   0.00                   0.00        105,198,850.90

M1                     29,144,000.00         29,144,000.00 2.725000%     68,387.21   0.00          68,387.21      0.00                   0.00        29,144,000.00

M2                     15,787,000.00         15,787,000.00 3.325000%     45,201.25   0.00          45,201.25      0.00                   0.00        15,787,000.00

M3                     9,714,000.00          9,714,000.00  4.125000%     34,504.94   0.00          34,504.94      0.00                   0.00        9,714,000.00

M4                     1,215,000.00          1,215,000.00  4.375000%     4,577.34    0.00          4,577.34       0.00                   0.00        1,215,000.00

M5                     1,214,000.00          1,214,000.00  4.375000%     4,573.58    0.00          4,573.58       0.00                   0.00        1,214,000.00

CE                     6,072,332.24          6,072,332.24  0.000000%     2,405,035.540.00          2,405,035.54   0.00                   0.00        6,072,332.24

P                      100.00                100.00        1.380000%     36,297.64   0.00          36,297.64      0.00                   0.00        100.00

R                      0.00                  0.00          1.380000%     0.00        0.00          0.00           0.00                   0.00        0.00

Totals                 485,740,432.24        483,216,352.95              3,390,256.183,548,424.76  6,938,680.94   0.00                   0.00        472,381,495.95

Distribution Summary (Factors)

PER $1,000 OF ORIGINAL BALANCE

                                             Prior                                                                                       Current
                                             Principal     Interest      Principal   Total         Deferred       Realized               Principal
                                                           Distributed
Class                  CUSIP                 Balance       (5/2 x 1000)  Distributed Distributed   Interest       Loss                   Balance
                                             (3/2 x 1000)                (6/2 x 1000)(7/2 x 1000)  (8/2 x 1000)   (9/2 x 1000)           (10/2 x
                                                                                                                                         1000)

A1                     79550DAM1             994.644138    1.884298      7.649940    9.534238      0.000000       0.000000               986.994198

A2                     79550DAN9             992.211306    1.841241      10.594879   12.436120     0.000000       0.000000               981.616427

M1                     79550DAP4             1,000.000000  2.346528      0.000000    2.346528      0.000000       0.000000               1,000.000000

M2                     79550DAQ2             1,000.000000  2.863194      0.000000    2.863194      0.000000       0.000000               1,000.000000

M3                     79550DAR0             1,000.000000  3.552084      0.000000    3.552084      0.000000       0.000000               1,000.000000

M4                     79550DAS8             1,000.000000  3.767358      0.000000    3.767358      0.000000       0.000000               1,000.000000

M5                     79550DAT6             1,000.000000  3.767364      0.000000    3.767364      0.000000       0.000000               1,000.000000

CE                     7966459Q4             1,000.000000  396.064551    0.000000    396.064551    0.000000       0.000000               1,000.000000

P                      7966459R2             1,000.000000  362,976.4000000.000000    362,976.4000000.000000       0.000000               1,000.000000

R                      7966459S0             0.000000      0.000000      0.000000    0.000000      0.000000       0.000000               0.000000

Interest Distribution
Detail

DISTRIBUTION IN DOLLARS

                       Prior                 Pass-         Optimal       Prior       Non-Recov                                                       Current
                       Principal             Through       Accrued       Unpaid      Interest      Interest       Deferred               Interest    Unpaid
                                                                                                                                         Distributed
Class                  Balance               Rate          Interest      Interest    Shortfall     Due            Interest               (9)         Interest
(1)                    (2)                   (3)           (4)           (5)         (6)           (7)=(4)+(5)-(6)(8)                                (10)=(7)-(8)-(9)

A1                     313,735,627.24        2.200000%     594,354.72    0.00        0.00          594,354.72     0.00                   594,354.72  0.00

A2                     106,334,293.47        2.155000%     197,323.96    0.00        0.00          197,323.96     0.00                   197,323.96  0.00

M1                     29,144,000.00         2.725000%     68,387.21     0.00        0.00          68,387.21      0.00                   68,387.21   0.00

M2                     15,787,000.00         3.325000%     45,201.25     0.00        0.00          45,201.25      0.00                   45,201.25   0.00

M3                     9,714,000.00          4.125000%     34,504.94     0.00        0.00          34,504.94      0.00                   34,504.94   0.00

M4                     1,215,000.00          4.375000%     4,577.34      0.00        0.00          4,577.34       0.00                   4,577.34    0.00

M5                     1,214,000.00          4.375000%     4,573.58      0.00        0.00          4,573.58       0.00                   4,573.58    0.00

CE                     6,072,332.24          0.000000%     2,405,220.65  0.00        185.11        2,405,035.54   0.00                   2,405,035.540.00

P                      100.00                1.380000%     36,297.64     0.00        0.00          36,297.64      0.00                   36,297.64   0.00

R                      0.00                  1.380000%     0.00          0.00        0.00          0.00           0.00                   0.00        0.00

  Totals               483,216,352.95                      3,390,441.29  0.00        185.11        3,390,256.18   0.00                   3,390,256.180.00

Principal Distribution
Detail

DISTRIBUTION IN DOLLARS

                                             Prior                                   Current       Current        Current                Cumulative
                       Original              Principal     Principal     Accreted    Realized      Principal      Principal              Realized
Class                  Balance               Balance       Distribution  Principal   Losses        Recoveries     Balance                Losses
(1)                    (2)                   (3)           (4)           (5)         (6)           (7)            (8)=(3)-(4)+(5)-(6)+(7)(9)

A1                     315,425,000.00        313,735,627.242,412,982.19  0.00        0.00          0.00           311,322,645.05         0.00

A2                     107,169,000.00        106,334,293.471,135,442.57  0.00        0.00          0.00           105,198,850.90         0.00

M1                     29,144,000.00         29,144,000.00 0.00          0.00        0.00          0.00           29,144,000.00          0.00

M2                     15,787,000.00         15,787,000.00 0.00          0.00        0.00          0.00           15,787,000.00          0.00

M3                     9,714,000.00          9,714,000.00  0.00          0.00        0.00          0.00           9,714,000.00           0.00

M4                     1,215,000.00          1,215,000.00  0.00          0.00        0.00          0.00           1,215,000.00           0.00

M5                     1,214,000.00          1,214,000.00  0.00          0.00        0.00          0.00           1,214,000.00           0.00

CE                     6,072,332.24          6,072,332.24  0.00          0.00        0.00          0.00           6,072,332.24           0.00

P                      100.00                100.00        0.00          0.00        0.00          0.00           100.00                 0.00

R                      0.00                  0.00          0.00          0.00        0.00          0.00           0.00                   0.00

  Totals               478,454,000.00        483,216,352.953,548,424.76  944,349.42  3,548,424.76  0.00           479,667,928.19         0.00

Collateral Summary -
Group 1

ASSET CHARACTERISTICS

                       Cut-Off               Prior         Current

Aggregate Stated
Principal Balance      315,425,350.71        313,735,977.95311,322,995.76

Loan Count             2,298                 2,288         2,272

Weighted Average Coupon
Rate (WAC)             8.597299%             8.595572%     N/A

Net Weighted Average
Coupon Rate (Net WAC)  8.088299%             8.086572%     N/A

Weighted Average
Maturity (WAM in       344                   343           342
months)

AVAILABLE PRINCIPAL    AVAILABLE INTEREST

Scheduled Interest     2,247,283.51
Curtailments           -3,909.64
Less:Servicing Fees    130,723.22
Trustee Fees           2,353.51
Uncompensated PPIS     0.00
Relief Act Shortfall   185.11
Other Interest
Reductions             0.00
TOTAL AVAILABLE
PRINCIPAL              75,145.00
TOTAL AVAILABLE
INTEREST               2,114,021.67
Current Realized Losses0.00
Cumulative Realized
Losses                 0.00

Collateral Summary -
Group 2

ASSET CHARACTERISTICS

                       Cut-Off               Prior         Current

Aggregate Stated
Principal Balance      170,315,081.53        169,480,375.00168,344,932.43

Loan Count             1,225                 1,219         1,214

Weighted Average Coupon
Rate (WAC)             9.288533%             9.288327%     N/A

Net Weighted Average
Coupon Rate (Net WAC)  8.779533%             8.779327%     N/A

Weighted Average
Maturity (WAM in       320                   319           318
months)

AVAILABLE PRINCIPAL    AVAILABLE INTEREST

Scheduled Interest     1,311,824.49
Curtailments           5,072.10
Less:Servicing Fees    70,616.90
Trustee Fees           1,270.72
Uncompensated PPIS     0.00
Relief Act Shortfall   0.00
Other Interest
Reductions             0.00
TOTAL AVAILABLE
PRINCIPAL              75,145.00
TOTAL AVAILABLE
INTEREST               1,239,936.87
Current Realized Losses0.00
Cumulative Realized
Losses                 0.00

Delinquency Information

 GROUP 1

                       30-59 Days            60-89 Days    90+ Days      Totals

Delinquency

Scheduled Principal
Balance                5,008,926.58          2,343,922.31  0.00          7,352,848.89
Percentage of Total
Pool Balance           1.6089%               0.7529%       0.0000%       2.3618%
Number of Loans        31                    17            0             48

Percentage of Total
Loans                  1.3644%               0.7482%       0.0000%       2.1127%

Bankruptcy

Scheduled Principal
Balance                0.00                  0.00          0.00          0.00
Percentage of Total
Pool Balance           0.0000%               0.0000%       0.0000%       0.0000%

Number of Loans        0                     0             0             0
Percentage of Total
Loans                  0.0000%               0.0000%       0.0000%       0.0000%

Foreclosure

Scheduled Principal
Balance                0.00                  125,956.55    0.00          125,956.55
Percentage of Total
Pool Balance           0.0000%               0.0405%       0.0000%       0.0405%

Number of Loans        0                     1             0             1
Percentage of Total
Loans                  0.0000%               0.0440%       0.0000%       0.0440%

REO

Scheduled Principal
Balance                0.00                  0.00          0.00          0.00
Percentage of Total
Pool Balance           0.0000%               0.0000%       0.0000%       0.0000%

Number of Loans        0                     0             0             0
Percentage of Total
Loans                  0.0000%               0.0000%       0.0000%       0.0000%

Total

Scheduled Principal
Balance                5,008,926.58          2,469,878.86  0.00          7,478,805.44
Percentage of Total
Pool Balance           1.6089%               0.7933%       0.0000%       2.4023%

Number of Loans        31                    18            0             49
Percentage of Total
Loans                  1.3644%               0.7923%       0.0000%       2.1567%

Principal and Interest
Advances               N/A

Delinquency Information

 GROUP 2

                       30-59 Days            60-89 Days    90+ Days      Totals

Delinquency

Scheduled Principal
Balance                2,559,224.74          2,294,124.59  0.00          4,853,349.33
Percentage of Total
Pool Balance           1.5202%               1.3628%       0.0000%       2.8830%
Number of Loans        20                    16            0             36

Percentage of Total
Loans                  1.6474%               1.3180%       0.0000%       2.9654%

Bankruptcy

Scheduled Principal
Balance                0.00                  0.00          0.00          0.00
Percentage of Total
Pool Balance           0.0000%               0.0000%       0.0000%       0.0000%

Number of Loans        0                     0             0             0
Percentage of Total
Loans                  0.0000%               0.0000%       0.0000%       0.0000%

Foreclosure

Scheduled Principal
Balance                0.00                  471,876.50    0.00          471,876.50
Percentage of Total
Pool Balance           0.0000%               0.2803%       0.0000%       0.2803%

Number of Loans        0                     3             0             3
Percentage of Total
Loans                  0.0000%               0.2471%       0.0000%       0.2471%

REO

Scheduled Principal
Balance                0.00                  0.00          0.00          0.00
Percentage of Total
Pool Balance           0.0000%               0.0000%       0.0000%       0.0000%

Number of Loans        0                     0             0             0
Percentage of Total
Loans                  0.0000%               0.0000%       0.0000%       0.0000%

Total

Scheduled Principal
Balance                2,559,224.74          2,766,001.09  0.00          5,325,225.83
Percentage of Total
Pool Balance           1.5202%               1.6431%       0.0000%       3.1633%

Number of Loans        20                    19            0             39
Percentage of Total
Loans                  1.6474%               1.5651%       0.0000%       3.2125%

Principal and Interest
Advances               N/A

Credit Enhancement

GROUP 1

Required
Overcollateralization  6,072,332.24          1.2659%
Amount
Prior
Overcollateralization  6,072,332.24          1.2566%
Amount
Overcollateralization
Deficiency Amount      0.00
Excess
Overcollateralization  0.00
Amount

Excess Spread Available
for O/C Deficiency     2,405,220.65
Overcollateralization
Increase Amount        0.00
Overcollateralization
Reduction Amount       0.00

Current
Overcollateralization  6,072,332.24          1.2659%

Credit Enhancement
Percentage             13.1646%

Other Information

A1 Next Pass-Through
Rate                   1.777500%
A2 Next Pass-Through
Rate                   1.777500%
M1 Next Pass-Through
Rate                   2.337500%
M2 Next Pass-Through
Rate                   2.987500%
M3 Next Pass-Through
Rate                   3.537500%
M4 Next Pass-Through
Rate                   3.887500%
M5 Next Pass-Through
Rate                   3.887500%

CE Prior Notional
Amount                 483,216,352.95
CE Current Notional
Amount                 479,667,928.19
CE Notional Certificate
Factor                 98.749846%

Special Servicing Fee  0.00

Bankruptcy Losses      0.00

Extraordinary Trust
Fund Expenses          0.00

CONTACT INFORMATION    CONTENTS

Distribution Summary   2
                       Salomon Brothers
Depositor              Mortgage Securities
                       VII, Inc.
Distribution Summary
(Factors)              2

New York, NY  10013
Interest Distribution  2
Underwriter            Salomon Smith Barney,
                       Inc.
390 Greenwich Street
Principal Distribution 2
New York, NY  10013

Collateral Summary     1
5373 West Alabama

Delinquency Information2

Trustee                U.S. Bank National
                       Association
Credit Enhancement     2

St. Paul, MN  55101
Other Information      2
Trustee Administrator  Citibank, N.A.
111 Wall Street

New York, NY  10005

Deal Contact:          Karen Schluter        Citibank, N.A.
karen.schluter@citi.com                      Agency and
                                             Trust
                                             111 Wall
Tel: (212) 657-7781                          Street, 14th
                                             Floor, Zone 3
Fax: (212) 657-4009                          New York, NY
                                             10005

Page 1 of 1             Reports Available at (c) Copyright
                       www.sf.citidirect.com 2002 Citibank

SALOMON BROTHER MORT SEC INC SAL HM EQ LN TR SER 2002 WMC2 8-K