SECURITIES AND EXCHANGE COMMISSION

                             Washington, D.C. 20549


                                    FORM 10-K

[X]      Annual  report  pursuant  to  Section  13 or  15(d)  of the Securities
         Exchange   Act  of  1934  for the fiscal year ended December 31, 1999

[  ]     Transition report pursuant to Section 13 or 15(d) of the
         Securities Exchange Act of 1934 for the transition period from   to


                        Commission File Number  333-39127-10

                       MERRILL LYNCH MORTGAGE INVESTORS, INC.
             (Exact name of registrant as specified in its charter)

         Delaware                                           13-5674085
(State or other jurisdiction of                           I.R.S. Employer
incorporation or organization)                            Identification No.)

250 Vesey Street, World Financial Center,
North Tower, 17th Floor
New York, New York                                       10281-1315
(Address of principal executive offices)                (Zip Code)

Registrant's telephone number, including area code : (212) 449-1000

               MERRILL LYNCH MORTGAGE INVESTORS, INC.
        MORTGAGE LOAN ASSET BACKED CERTIFICATES, SERIES 1999-H2
       (Title of each class of securities covered by this Form)

Securities registered pursuant to Section 12(b) of the Act:  None
Securities registered pursuant to Section 12(g) of the Act:  None

Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during
the  preceding 12 months (or for such  shorter  period that the  registrant  was
required  to file  such  reports),  and  (2) has  been  subject  to such  filing
requirements for the past 90 days. Yes [X] No [ ]

Indicate by check mark if disclosure of delinquent  filers  pursuant to Item 405
of Regulation  S-K is not contained  herein,  and will not be contained,  to the
best of registrant's  knowledge,  in definitive proxy or information  statements
incorporated by reference in Part III of Form 10-K or any amendment to
Form 10-K. [X]

Documents incorporated by reference:  None



<PAGE>

MERRILL LYNCH MORTGAGE INVESTORS, INC.
MORTGAGE LOAN ASSET BACKED CERTIFICATES, SERIES 1999-H2
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PART IV

Item 14. Exhibits, Financial Statement Schedules and Reports on Form 8-K

(a) The following documents are filed as part of this report:

    (1) Financial Statements:
         Omitted.

    (2)  Financial Statement Schedules:
         Omitted.

    (3)  Exhibits:

   Annual  Servicer  Statement of  Compliance,  filed as Exhibit 99.1 hereto.
   Annual Statement of  Independent  Accountants  Report for the Servicer,
           filed as Exhibit 99.2 hereto.

(b)   Reports on Form 8-K: The  following  Current  Reports on Form 8-K were
      filed by the Registrant during the last quarter of 1999.

      Current  Reports   on Form 8-K,   dated   October 25,  1999,  November 26,
     1999,  and  December  27,  1999,  were filed for the  purpose of filing the
     Monthly  Statement  sent to the  Holders of the  Offered  Certificates  for
     payments made on the same dates.  The items reported in such Current Report
     were Item 5 (Other Events).


(c)   Exhibits to this report are listed in Item (14)(a)(3) above.


<PAGE>


SIGNATURE

Pursuant to the  requirements of Section 13 or 15(d) 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.


                                    THE CHASE MANHATTAN BANK,
                                    not in its individual capacity but solely
                                    as Trustee under the Agreement referred
                                    to herein



Date:  May 17, 2000          By:  /s/Kimberly K. Costa
                                    -----------------------------
                                    Kimberly K. Costa
                                    Vice President


<PAGE>


                                 EXHIBIT INDEX

Exhibit     Description

 99.1       Servicer's Annual Statement of Compliance
 99.2       Servicer's Annual Independent Accountant's Report


<PAGE>

EXHIBIT 99.1 - Servicer's Annual Statement of Compliance



<PAGE>

Litton Loan Servicing, LP
A Subsidiary of Enchance Financial Services Group Inc.
5373 West Alabama, Suite 600                             Telephone 713 960 9676
Houston, Tx  77056                                             Fax 713 966 8856


March 20, 2000

Capital Markets Fiduciary Services
The Chase Manhattan Bank
450 West 33rd Street
New York, New York 10001

Subject: Mortgage Loan Asset Backed Certificates, Series 1999-H2

To Whom It May Concern:

     The undersigned  officer of Litton Loan Servicing LP (successor in interest
to  Litton  Loan  Servicing,  Inc.)  certifies  that a review  of the  servicing
activity for the year ended  December 31, 1999 has been completed and that there
were no defaults or  exceptions  to the  requirements  of the subject  agreement
between the  above-listed  parties.  Litton Loan  Servicing LP hereby  certifies
that:

1. All ad valorem taxes have been paid when due and without
   penalty to the Trust.

2. All assessments and ground rents of whatsoever kind or nature have been paid
   so as to prevent their taking priority to the purchase money lien or lien
   to which the trust is entitled.

3. All casualty insurance has been paid without lapse in coverage and in an
   amount sufficient to prevent the application of a co-insurance clause.

4. In compliance with the terms of the agreement,  flood  insurance as required
   by the National Flood Insurance Act of 1994, P.L.  103-325 511, if any, has
   been maintained without lapse.

5. Errors nd Omissions Insurance is in forced in amounts sufficient to meet the
   requirements of Federal National Mortgage Association, Federal Home Loan
   Mortgage Corporation and the terms of the subject agreement.

6. Litton Loan Servicing LP has timely filed the required IRS informational
   returns including the forms 1098, 1099(A), and those required by code
   sections 6050(h)(j)(p) for the year ended December 31, 1999.

7. Litton Loan Servicing LP has not committed any act or omitted to act in
   any manner that would cause the trust to lose the REMIC tax treatment or be
   taxed on prohibited transaction.

8. All other terms and requirements of the Servicing Agreement between the
   above parties have been complied with except as noted on the
   attachment to this letter, if any.

Sincerely,


Litton Loan Servicing LP
-----------------------------------------
by:  /s/ Janice McClure
     Senior Vice President



<PAGE>




EXHIBIT 99.2 - Servicer's Annual Independent Accountant's Report

<PAGE>




Deloitte & Touche LLP                                 Telephone (713) 982-2000
Suite 2300                                           Facsimile: (713) 982-2001
333 Clay Street
Houston, Texas  77002-4196

INDEPENDENT AUDITORS' REPORT

To the Board of Directors of Liton Loan Servicing LP:

    We have examined  management's  assertion  about Litton Loan  Servicing LP's
(the "Company")  compliance with the minimum servicing  standards  identified in
the Mortgage Bankers Association of America's Uniform Single Attestation Program
for Mortgage Bankers as of and for the year ended December 31, 1999, included in
the  accompanying  management  assertion.  Management  is  responsible  for  the
Company's compliance with those minimum servicing standards.  Our responsibility
is  to  express  an  opinion  on  management's  assertion  about  the  Company's
compliance based on our examination.


     Our examination  was made in accordance  with standards  established by the
American  Institute of Certified Public Accountants and,  accordingly,  included
examining, on a test basis, evidence about the Company's compliance with minimum
servicing  standards  and  performing  such other  procedures  as we  considered
necessary  in the  circumstances.  We believe  that our  examination  provides a
reasonable  basis for our  opinion.  Our  examination  does not  provide a legal
determination of the Company's compliance with the minimum servicing standards.

     In our opinion,  management's  assertion that the Company complied with the
aforementioned minimum servicing standards as of and for the year ended December
31, 1999 is fairly stated, in all material respects.


Deloitte & Touche LLP
February 28, 2000