Jan. 30, 2006 -- On February 28, 2006, the Certificates issued by CorTS Trust for IBM Debentures will be redeemed. This redemption is a result of the exercise of the Call Warrants to purchase the assets of the Trust by the Call Warrant Holder and is conditional on receipt of the Warrant Exercise Purchase Price by the Trustee by 11:00 a.m. (New York City time) on February 28, 2006. If the Trustee receives the Warrant Exercise Purchase Price, the Certificates will be redeemed in full on February 28, 2006 at a price of $25 plus $0.430469 accrued interest to the Redemption Date per Certificate.

QUANTUMONLINE.COM SECURITY DESCRIPTION:  Structured Products Corp., 7.125% CorTS (Corporate-Backed Trust Securities) Certificates, principal amount $25 per certificate, issued by CorTS Trust 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 2/28/2006 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 2/28/2006 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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