Jun 12, 2014 - NOTICE IS HEREBY GIVEN, pursuant to the terms of the Standard Terms for Trust Agreements dated as of January 16, 2001, between Lehman ABS Corporation, as Depositor, and U.S. Bank Trust National Association, as Trustee, as supplemented by the Series Supplement, Sprint Capital Note-Backed Series 2003-17, dated as of October 29, 2003 in respect of the Corporate Backed Trust Certificates, Sprint Capital Note-Backed Series 2003-17 Trust, that certain Call Warrant Holders have exercised their rights to purchase all of the 1,000,000 outstanding ($25,000,000 principal amount) Class A-1 Certificates (NYSE: JZK) and $455,000 Principal Amount outstanding Class A-2 Certificates on June 17, 2014 each at the related Call Price, and effect an Optional Exchange for the $25,455,000 principal amount Underlying Securities held by the Trust. THE EXERCISE OF THE CALL WARRANTS IS CONDITIONAL UPON RECEIPT BY THE TRUSTEE OF THE CALL PRICE WITH RESPECT TO SUCH EXERCISE ON THE REDEMPTION DATE. THERE CAN BE NO ASSURANCE THAT THE CALL WARRANTS WILL IN FACT BE EXERCISED ON THE REDEMPTION DATE. If the Trustee receives the Call Price by 10:00 a.m. (New York City time) on the Redemption Date, then 1,000,000 Class A-1 Certificates and $455,000 Principal Amount Class A-2 Certificates described above will be selected for redemption on the Redemption Date at a price of $25.00 principal plus $0.15555556 accrued interest to the Redemption Date per Class A-1 Certificate and $0.00 principal per $1,000 stated principal amount Class A-2 Certificate (the "Call Price"). The total payment of the Redemption Amount on the Certificates will be $25,155,555.56, consisting of $25,000,000.00 principal and $155,555.56 accrued interest on the Class A-1 Certificates and $0.00 principal on the Class A-2 Certificates (the "Redemption Amount"). The Class A-2 Certificates are principal-only Certificates and will not receive payment of interest. As set forth in the Trust Agreement, the Call Price for each related Call Date, in the case of the Class A-2 Certificates being purchased pursuant to the exercise of the Call Warrants, is $0. No further interest or principal will accrue on and after the Redemption Date on the Certificates selected for redemption. If the Trustee does not receive the Call Price, then (i) the Certificates selected for redemption will continue to accrue interest as if no exercise notice had been given and (ii) these and other Warrant Holders may elect to deliver a conditional notice of exercise in the future. This press release is being issued by U.S. Bank Trust National Association as trustee of the Trust. For more information about this conditional partial redemption, Holders with questions may contact Bondholder Services at (800) 934-6802.

QUANTUMONLINE.COM SECURITY DESCRIPTION:  Lehman ABS Corp., 7.00% Corporate Backed Trust Certificates, Sprint Capital Note-Backed Series 2003-17, Class A-1, price to the public $25 per certificate. Underlying securities are the 6.875% Notes due 11/15/2028 issued by Sprint Capital Corp., a wholly-owned subsidiary of Sprint Corp. (NYSE: FON). The certificates pay 7.00% ($1.75) per annum distributions semiannually on 5/15 & 11/15 to holders of record on the day immediately preceding the payment date. Certificates are callable at the option of the call warrant holder on or after 10/29/2008 at $25 per certificate plus accrued and unpaid interest. Certificate ratings at the IPO were BBB- by S&P and Baa3 by Moody's. Lehman ABS Corp. is an indirect wholly-owned subsidiary of Lehman Brothers Inc. (NYSE: LEH). For further information on the Corporate Backed 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	7.00% $1.75	$25.00 $25.00	Called for 6/17/2014 11/15/2028	B1 BB- 4/15/2014	5/15 & 11/15 Click for MW ExDiv Date Click for Yahoo ExDiv Date	No

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

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Address:   200 Vesey Street, 24th Floor, New York, NY 10285
Main Phone Number	212-526-7000
Fax Number	212-526-3738
Toll Free Phone Number	800-666-2388