May 17, 2013 - NOTICE IS HEREBY GIVEN, pursuant to the terms of the Trust Agreement dated as of March 8, 2004, between Corporate Asset Backed Corporation, as Depositor, and U.S. Bank Trust National Association, as Trustee, in respect of the CABCO Series 2004-1 Trust that certain Call Option Holders have exercised their rights to purchase all of the above 2,500,000 outstanding Class A-1 (NYSE: GYA) and 2,500,000 outstanding Class B-1 Callable Certificates on May 28, 2013 at the Call Price and effect an exchange for the $62,500,000 Goldman Sachs Capital I 6.345% Capital Securities due 2/15/2034 CUSIP 38143VAA7* Underlying Securities of 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 OPTIONS 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 the Called Certificates issued by the Trust will be redeemed in full on the Redemption Date at a price of $25 principal plus $0.429166668 accrued interest to the Redemption Date per Class A-1 Certificate and $0.849113564 accrued interest to the Redemption Date per Class B-1 Certificate. The total payment on the Called Certificates will be $65,695,700.58, consisting of $62,500,000.00 principal and $1,072,916.67 accrued interest on the Class A-1 Certificates, and $2,122,783.91 interest on the Class B-1 Certificates selected for redemption. The Class B-1 Certificates are interest-only certificates and will not receive payment of principal. No interest will accrue on the Called Certificates after the Redemption Date. After giving effect to the redemption of Called Certificates and Call Option exercise, none of the Called Certificates and Call Options will remain outstanding and their amounts will be reduced to zero. If the Trustee does not receive the Call Price, then (i) the Called Certificates issued by the Trust will continue to accrue interest as if no exercise notice had been given and (ii) the Call Option holder(s) 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:  Corporate Asset Backed Corp., CABCO Series 2004-1 Trust (Goldman Sachs Capital I), 6.00% Class A-1 Callable Certificates, principal amount $25 per trust certificate. The underlying securities are the 6.345% GS Capital Securities issued by Goldman Sachs Capital I and guaranteed by Goldman Sachs Group Inc. (NYSE: GS) due 2/15/2034, redeemable at the issuer's option on or after 3/08/2009 at $25 plus an additional $1.50 amount described in the IPO Prospectus as an early call premium amount if the certificates are called prior to 3/08/2009 due to special circumstances, distributions of 6.00% ($1.50) per annum are paid semiannually on 2/15 & 8/15 to holders of record on the 15th day prior to the payment date. The security issuer has the right, at any time, to defer interest payments for up to 10 consecutive semi-annual periods (but not beyond the maturity date). The certificates 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. To be issued the certificates must be rated at least A- by S&P and A1 by Moody's. For further information on the CABCO Trust Certificates, see the IPO Prospectus by clicking on the ‘Link to IPO Prospectus’ provided below. Corporate Asset Backed Corp. is a subsidiary of UBS PaineWebber.

Stock Exchange	Cpn Rate Ann Amt	LiqPref CallPrice	Call Date Matur Date	Moodys/S&P Dated	Distribution Dates	15% Tax Rate
NYSE Chart	6.00% $1.5	$25.00 $25.00	Called for 5/28/2013 2/15/2034	Baa3 BB+ 1/15/2013	2/15 & 8/15 Click for MW ExDiv Date Click for Yahoo ExDiv Date	No

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

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Address and Phone Numbers

Address:   1285 Avenue of the Americas, 11th Floor, New York, NY 10019
Main Phone Number	212-713-2841
Fax Number	Not Available