~~Principal~~THIS ~~Amt.~~IS Cert. Face Prior to Interest Principal Total Realized Ending Class Value Distribution Distributed Distributed Distribution Losses Balance ------------------------------------------------------------------------------------------------------------------------------------ ------------------------------------------------------------------------------------------------------------------------------------ A ~~211,895,600.00~~REPOSTING 12,038,227.31 69,219.81 2,534,958.74 2,604,178.55 0.00 $9,503,268.57 PO 90,487.00 22,118.66 0.00 153.22 153.22 0.00 21,965.44 X(*) 222,864,136.00 26,357,070.09 18,519.51 0.00 18,519.51 0.00 23,803,176.39 B-1 6,856,700.00 6,260,254.00 35,996.46 9,444.06 45,440.52 0.00 6,250,809.94 B-2 3,999,700.00 3,653,705.07 21,008.80 5,511.89 26,520.69 0.00 3,648,193.18 B-3 2,285,600.00 2,087,883.68 12,005.33 3,149.73 15,155.06 0.00 2,084,733.95 B-4 1,599,900.00 1,462,145.52 8,407.34 2,205.76 10,613.10 0.00 1,459,939.76 B-5 685,700.00 629,010.60 3,616.81 948.91 4,565.72 0.00 628,061.69 B-6 1,142,814.00 766,308.95 4,406.28 1,156.03 5,562.31 0.00 765,152.92 R 100.00 0.00 0.00 0.00 0.00 0.00 0.00 --------------------------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------------------------------- Total $228,556,601.00 $26,919,653.78 $173,180.34 $2,557,528.34 $2,730,708.68 $0.00 $24,362,125.44 * Represents notional balance FACTOR INFORMATION PER $1000 OF ORIGINAL FACE Prior Current PASS-THROUGH RATES Certificate Principal Interest Principal Total Principal Class CUSIP Balance Distributed Distributed Distribution Balance Current Next ---------------------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------------------- A ~~86358HER6~~PRIOR 56FILING.~~812068~~ ~~0.326669~~THIS ~~11.963244~~IS ~~12.289913~~NOT ~~44.848824 6.900000% 6.900000% PO 86358HES4 244.440152 0.000000 1.693282 1.693282 242.746870 0.000000% 0.000000% X(*) 86358HET2 118.265193 0.083098 0.000000 0.083098 106.805773 0.843167% N/~~A ~~B-1~~NEW ~~86358HEU9~~SUBMISSION 913.012674 5.249823 1.377348 6.627171 911.635326 6.900000% 6.900000% B-2 86358HEV7 913.494780 5.252594 1.378076 6.630670 912.116704 6.900000% 6.900000% B-3 86358HEW5 913.494785 5.252595 1.378076 6.630670 912.116709 6.900000% 6.900000% B-4 913.898069 5.254916 1.378686 6.633602 912.519382 6.900000% 6.900000% B-5 917.326236 5.274624 1.383856 6.658480 915.942380 6.900000% 6.900000% B-6 670.545643 3.855641 1.011564 4.867205 669.534078 6.900000% 6.900000% R 86358HEX3 0.000000 0.000000 0.000000 0.000000 0.000000 6.900000% 6.900000% SENIOR PERCENTAGE 44.756% SUBORDINATE PERCENTAGE 55.244% SENIOR PREPAYMENT PERCENTAGE 100.00% SUBORDINATE PREPAYMENT PERCENTAGE 0.000% DELINQUENT AND FORECLOSURE LOAN INFORMATION One Two Three Loans in Loans in Loans in Month Months Months Foreclosure REO Bankruptcy ---------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------- Principal Balance 304,674.59 227,876.67 120,363.66 481,856.98 45,643.48 458,025.70 % of Pool Balance 1.2506% 0.9354% 0.4941% 1.9779% 0.1874% 1.8801% ---------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------- Number of Loans 1 1 1 2 1 3 Percentage of Loans 0.4484% 0.4484% 0.4484% 0.8969% 0.4484% 1.3453% ---------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------- BOOK VALUE OF LOANS IN REO: 0.00 AGGREGATE Prior Current Current Ending REALIZED LOSS Aggregate Period Loss Period Aggregate INFORMATION Loss Amount Amount Reimbursement Loss Amount ------------------------------------------------------------------ ------------------------------------------------------------------ CLASS A 0.00 0.00 0.00 0.00 CLASS PO 0.00 0.00 0.00 0.00 CLASS X 0.00 0.00 0.00 0.00 CLASS B-1 0.00 0.00 0.00 0.00 CLASS B-2 0.00 0.00 0.00 0.00 CLASS B-3 0.00 0.00 0.00 0.00 CLASS B-4 0.00 0.00 0.00 0.00 CLASS B-5 0.00 0.00 0.00 0.00 CLASS B-6 288,047.15 0.00 0.00 288,047.15 CLASS R 0.00 0.00 0.00 0.00

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) August 29, 2003

STRUCTURED ASSET MORTGAGE INVESTMENTS INC.

(Exact name of registrant as specified in its charter)


Delaware	333-68542	13-3633241

(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)

383 Madison Avenue New York, New York		10l79

(Address of Principal Executive Offices)		(Zip Code)

Registrants telephone number, including area code, is (212) 272-2000

Item 9.01. Financial Statements, Pro Forma Financial Information and Exhibits.

(a)

Not applicable

(b)

Not applicable

(c)

Exhibits:

1. Pooling and Servicing Agreement, dated as of August 1, 2003 among Structured Asset Mortgage Investments Inc., as seller, Wells Fargo Bank Minnesota, National Association as master servicer and securities administrator, EMC Mortgage Corporation and JPMorgan Chase Bank, as trustee.

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on behalf of the Registrant by the undersigned thereunto duly authorized.


STRUCTURED ASSET MORTGAGE
INVESTMENTS INC.

By:		/s/ Baron Silverstein
Name: Baron Silverstein
Title: Vice President

Dated: September 12, 2003

EXHIBIT INDEX

Exhibit

Number

Item 601 (a) of

Regulation S-K

Exhibit No.

Sequentially

Numbered

Description

Pooling and Servicing

Agreement

Filing Compare · STRUCTURED ASSET MORTGAGE INVESTMENTS INC