December 1, 2006 -- U.S. Bank Trust National Association, as Trustee, under the Base Trust Agreement dated as of December 15, 2000, as supplemented by the CorTS Supplement 2001-11 dated as of March 30, 2001, with Structured Products Corp. and the Trustee, has received notice that the Call Warrant Holder has exercised its right to purchase the term assets of the trust on December 18, 2006. THE EXERCISE OF THE CALL WARRANTS IS CONDITIONAL UPON RECEIPT BY THE TRUSTEE OF THE WARRANT EXERCISE PURCHASE 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 Warrant Exercise Purchase Price by 11:00 a.m. (New York City time) on the Redemption Date, then the Certificates issued by the CorTS Trust II for IBM Debentures will be redeemed in full on the Redemption Date at a price of $25 per Certificate plus $0.084114 accrued interest to the Redemption Date per Certificate. No interest will accrue on the Certificates after the Redemption Date. If the Trustee does not receive the Warrant Exercise Purchase Price, then (i) Certificates issued by the CorTS Trust II for IBM Debentures will continue to accrue distributions as if no exercise notice had been given and (ii) the Call Warrant Holder may elect to deliver a conditional notice of exercise in the future. __________ March 31, 2006 -- On March 17, 2006, a conditional notice of redemption was given in accordance with the terms and provisions of the Certificates. Redemption of the Certificates is conditional upon receipt by the Trustee of the Warrant Exercise Purchase Price. The Trustee did not receive payment of the Warrant Exercise Purchase Price from the Call Warrant Holder by 11:00 a.m. on March 31, 2006. Therefore, the Certificates will not be redeemed in full on March 31, 2006. This press release is being issued by U.S. Bank Trust National Association as trustee of the Trust. For more information about these redemptions, please contact Janet O'Hara of U.S. Bank Trust National Association at 212-361-2527. ________ March 17, 2006 -- U.S. Bank Trust National Association, as Trustee, under the Base Trust Agreement dated as of December 15, 2000, as supplemented by the CorTS Supplement 2001-11 dated as of March 30, 2001, with Structured Products Corp. received notice that the Call Warrant Holder has exercised its right to purchase the assets of the trust on March 31, 2006. THE EXERCISE OF THE CALL WARRANTS IS CONDITIONAL UPON RECEIPT BY THE TRUSTEE OF THE WARRANT EXERCISE PURCHASE 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 Warrant Exercise Purchase Price by 11:00 a.m. (New York City time) on the Redemption Date, then the Certificates issued by the CorTS Trust II for IBM Debentures will be redeemed in full on the Redemption Date at a price of $25 plus $.593750 accrued interest to the Redemption Date per Certificate. No interest will accrue on the Certificates after the Redemption Date. If the Trustee does not receive the Warrant Exercise Purchase Price, then (i) Certificates issued by the CorTS Trust II for IBM Debentures will continue to accrue distributions as if no exercise notice had been given and (ii) the Call Warrant Holder may elect to deliver a conditional notice of exercise in the future.

QUANTUMONLINE.COM SECURITY DESCRIPTION:  Structured Products Corp., 7.125% CorTS (Corporate-Backed Trust Securities) Certificates, principal amount $25 per certificate, issued by CorTS Trust II for IBM Debentures, the Trust. The underlying securities are the 7.125% Debentures due 12/01/2096 issued by International Business Machines Corp. (NYSE: IBM). The CorTS certificates will pay 7.125% ($1.78125) per annum interest semiannually on 6/1 & 12/1 to holders of record on the day immediately prior to the payment date. The CorTS are redeemable on or after 3/30/2006 under the call warrants at $25 per share plus accrued and unpaid interest. Units are expected to trade flat, which means accrued interest will be reflected in the trading price and the purchasers will not pay and the sellers will not receive any accrued and unpaid interest. The certificates must be rated at least A1 by Moody's and A+ by S&P to be issued. See the IPO prospectus for further information on the CorTS Certificates by clicking on the ‘Link to IPO Prospectus’ provided below. Structured Products Corp. is an indirect, wholly-owned subsidiary of Citigroup Global Markets Holdings Inc., formerly Salomon Smith Barney Holdings, a member of Citigroup (NYSE: C).

Stock Exchange	Cpn Rate Ann Amt	LiqPref CallPrice	Call Date Matur Date	Moodys/S&P Dated	Distribution Dates	15% Tax Rate
NYSE Chart	7.13% $1.78125	$25.00 $25.00	Called for 12/18/2006 12/01/2096	A1 A+ 12/16/2005	6/1 & 12/1 Click for MW ExDiv Date Click for Yahoo ExDiv Date	No

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Address:   388 Greenwich Street, New York, NY 10013
Main Phone Number	212-816-7496
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