A QOL user has informed us that GJI was called on 11/29/2012. We can find no information to confirm the call but assume that the information is correct. ____________ On October 18, 2012, Standard & Poor's Ratings Services ("Standard & Poor's) announced that it was updating its rating methodology for repackaged securities, effective immediately. As a result of this change, Standard & Poor's announced on October 25, 2012 that it has withdrawn its rating assigned to the Floating Rate Structured Repackaged Asset-Backed Trust Securities (STRATS(SM) Certificates, Series 2004-7) issued by STRATS(SM) Trust for IBM Corporation Securities Series 2004-7 (the "Certificates"). Standard and Poor's indicated that the rating assigned to the Certificates was being withdrawn because a redemption of the Certificates together with a termination of the Swap Agreement (either in whole or proportionately) in which termination payments are owed to the Swap Counterparty could result in payment shortfalls to holders of the Certificates. The ratings action was specific to this feature of the Certificates and did not address, and to our knowledge the ratings action does not relate to or affect, Standard & Poor's existing ratings of the Underlying Securities or the Swap Counterparty. The withdrawal of the rating previously assigned to the Certificates does not constitute a termination event under the terms of the Certificates or the Swap Agreement; however, the withdrawal of the rating may have a material adverse effect on the secondary market price and liquidity of the Certificates. Many institutional investors prefer or are required to invest in securities assigned particular ratings. If a significant amount of the Certificates are held by such investors, the withdrawal of the rating previously assigned to the Certificates may cause these investors to sell their Certificates within a limited period of time. In these circumstances, the market price of the Certificates may be adversely affected, and prospective sellers of the Certificates may be unable to sell their Certificates at the prices at which their Certificates were acquired or, in some cases, may be unable to find a buyer for their Certificates at any price.

QUANTUMONLINE.COM SECURITY DESCRIPTION:  Synthetic Fixed-Income Securities Inc., Floating Rate STRATS (Structured Repackaged Asset-Backed Trust Securities) Certificates, Series 2004-7, Class A-1 Certificates, STRATS Trust for IBM Corp., price to the public $25 per certificate. The underlying securities are the 4.75% Notes due 11/29/2012 issued by IBM Corp. (NYSE: IBM). The certificates pay floating rate distributions monthly on the 29th of each month to holders of record on the business day immediately preceding the payment date. The floating interest rate of the certificates will adjust for each distribution date and will be equal to the Treasury Bill Average plus 0.50% with a minimum interest rate of 3% and a maximum rate of 6%. The underlying notes are callable at the option of the underlying issuer on not less than 30 days or more than 60 days notice at the greater of $25 or the present value of the sum of the remaining payments discounted to the redemption date at the Treasury Bill Rate plus 12.5 basis points plus accrued and unpaid interest. Certificate ratings at the IPO were A+ by S&P. Synthetic Fixed-Income Securities, Inc. is a wholly-owned subsidiary of Wachovia Corporation. For further information on the STRATS Trust Certificates, see the IPO Prospectus by clicking on the ‘Link to IPO Prospectus’ provided below.

Stock Exchange	Cpn Rate Ann Amt	LiqPref CallPrice	Call Date Matur Date	Moodys/S&P Dated	Distribution Dates	15% Tax Rate
NYSE Chart	Floating n.a.	$25.00 $25.00	Called for 11/29/2012 11/29/2012	Aa3 AA- 9/10/2012	20th day of each month Click for MW ExDiv Date Click for Yahoo ExDiv Date	No

Company's Online Information Links

HOME PAGE:     http://www.wellsfargo.com/ (This parent company URL is for reference only and does not have specific information on the security.)

Company's Online SEC EDGAR Filings

Company's SEC EDGAR Filings

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Address and Phone Numbers

Address:   Wells Fargo Securities, 375 Park Avenue, New York, NY 10152
Main Phone Number	212-214-6277
Fax Number	Not Available
Investor Contact (President)   William Threadgill	212-214-6277