Jun. 3, 2014-- Structured Asset Trust Unit Repackagings (SATURNS), Goldman Sachs Capital I Capital Security Backed Series 2004-4 Trust (New York Stock Exchange Ticker Symbol “HJJ”), announced today that it has received a Call Notice notifying the Trust of the intended exercise of 100% of the remaining outstanding Warrants representing the right to acquire a combined Unit Principal Balance of 20,000,000 Class A Units and the equivalent Notional Amount of Class B Units for settlement on June 5, 2014). Under the terms of the Warrants, delivery of the notice does not give rise to an obligation on the part of the Warrantholder to pay the specified call price; and if by 4 p.m. New York time on the Business Day prior to the Intended Settlement Date the party exercising the Warrants has not paid the required call price, the related Call Notice will be effectively rescinded, in which case settlement of the relevant Warrants would not occur and the Warrants would continue in effect and could be exercised on a subsequent date. If settlement of the Warrants occurs pursuant to the Call Notice on the Intended Settlement Date, the trust agreement provides that Class A Unitholders will be randomly selected for redemption at the par value plus accrued interest of each Class A Unit and that, Class B Unitholders will be randomly selected for redemption at accrued interest plus the Class B Present Value Amount in relation to each Class B Unit, each in an amount to be determined in accordance with the Trust Agreement. The Trust recently received a Call Notice notifying the Trust of the intended exercise of other outstanding Warrants representing the right to acquire Class A Units and the equivalent Notional Amount of Class B Units for settlement on June 3, 2014). If settlement of the Warrants intended to be exercised under the Previous Call Notice does not occur, fewer than all outstanding Class A Units and Class B Units would be redeemed on the Intended Settlement Date. In such case, Class A Unitholders and Class B Unitholders will be randomly selected for redemption. CUSIP: 80411Y209 (A Units) 80411YAA8 (B Units) Symbol: HJJ _____________ 2014-05-30 -- Structured Asset Trust Unit Repackagings (SATURNS), Goldman Sachs Capital I Capital Security Backed Series 2004-4 Trust (New York Stock Exchange Ticker Symbol “HJJ”), announced today that it has received a Call Notice notifying the Trust of the intended exercise of 63% of the outstanding Warrants representing the right to acquire a combined Unit Principal Balance of 34,000,000 Class A Units and the equivalent Notional Amount of Class B Units for settlement on June 3, 2014. Under the terms of the Warrants, delivery of the notice does not give rise to an obligation on the part of the Warrantholder to pay the specified call price; and if by 4 p.m. New York time on the Business Day prior to the Intended Settlement Date the party exercising the Warrants has not paid the required call price, the related Call Notice will be effectively rescinded, in which case settlement of the relevant Warrants would not occur and the Warrants would continue in effect and could be exercised on a subsequent date. If settlement of the Warrants occurs pursuant to the Call Notice on the Intended Settlement Date, the trust agreement provides that Class A Unitholders will be randomly selected for redemption at the par value plus accrued interest of each Class A Unit and that, Class B Unitholders will be randomly selected for redemption at accrued interest plus the Class B Present Value Amount in relation to each Class B Unit, each in an amount to be determined in accordance with the Trust Agreement. CUSIP: 80411Y209 (A Units) 80411YAA8 (B Units)Symbol: HJJ ____________ May 10, 2013 -- Structured Asset Trust Unit Repackagings (SATURNS), Goldman Sachs Capital I Capital Security Backed Series 2004-4 Trust (New York Stock Exchange Ticker Symbol “HJJ”), announced today that it has received a Call Notice notifying the Trust of the intended exercise of 33% of the outstanding Warrants representing the right to acquire a combined Unit Principal Balance of 27,000,000 Class A Units and the equivalent Notional Amount of Class B Units for settlement on May 28, 2013. Under the terms of the Warrants, delivery of the notice does not give rise to an obligation on the part of the Warrantholder to pay the specified call price; and if by 4 p.m. New York time on the Business Day prior to the Intended Settlement Date the party exercising the Warrants has not paid the required call price, the related Call Notice will be effectively rescinded, in which case settlement of the relevant Warrants would not occur and the Warrants would continue in effect and could be exercised on a subsequent date. If settlement of the Warrants occurs pursuant to the Call Notice on the Intended Settlement Date, the trust agreement provides that Class A Unitholders will be randomly selected for redemption at the par value plus accrued interest of each Class A Unit and that, Class B Unitholders will be randomly selected for redemption at accrued interest plus the Class B Present Value Amount in relation to each Class B Unit, each in an amount to be determined in accordance with the Trust Agreement. CUSIP: 80411Y209 (A Units) 80411YAA8 (B Units) Symbol: HJJ

QUANTUMONLINE.COM SECURITY DESCRIPTION:  MS Structured Asset Corp., SATURNS (Structured Asset Trust Unit Repackagings), Goldman Sachs Capital I Security Backed, Series 2004-4, 6.00% Class A Callable Units, issued in $25 denominations. Underlying securities are the 6.345% trust preferred capital securities due 2/15/2034 issued by Goldman Sachs Capital I, and guaranteed by Goldman Sachs Group Inc. (NYSE: GS). Dividends of 6.00% ($1.50) per annum are paid semi-annually on 2/15 & 8/15 to holders of record on the third business day prior to the payment date. On or after 3/04/2009 the units may be redeemed under the call rights of the call warrants for $25 plus accrued and unpaid dividends. 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 trust's assets consist of the 6.345% Junior Subordinated Deferrable Interest Debentures due 2/15/2034 which were purchased from the company using the funds generated from the sale of the trust preferred securities. To be issued the units must be assigned a rating of at least BBB- by S&P and Baa3 by Moody's. 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. MS Structured Asset Corp. is a subsidiary of Morgan Stanley (NYSE: MS). See the IPO prospectus for further information on the SATURNS 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	6.00% $1.5	$25.00 $25.00	Called for 6/05/2014 2/15/2034	Baa3 BB+ 4/15/2014	2/15 & 8/15 Click for MW ExDiv Date Click for Yahoo ExDiv Date	No

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

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Address:   1585 Broadway, New York, NY 10036
Main Phone Number	212-761-4000
Fax Number	Not Available