May 11, 2004 -- Corporate Backed Trust Securities (CorTS®) Certificates, CorTS® Trust for Verizon Maryland Debentures, CUSIP 22082M205 and New York Stock Exchange symbol HYG, which has been established by Structured Products Corp., announced that because Verizon Maryland Inc. elected to suspend its duty to file periodic reports under certain sections of the Securities Exchange Act of 1934, the securities held by the trust established by Structured Products Corp. are required to be liquidated. On May 10, 2004, U.S. Bank Trust National Association, as trustee, requested bids for the sale of the securities held by the trust. The sale of the securities is scheduled to settle on May 13, 2004. On May 13, 2004, U.S. Bank Trust National Association, as trustee, is scheduled to receive $24,109,300.37 as proceeds from the sale of the Term Assets, and holders of the certificates are expected to receive $23.39 per $25 certificate principal balance. Following the distribution, the trust established by Structured Products Corp. will terminate and the certificates will be cancelled. The trust has issued certificates relating in the aggregate to $30,000,000 principal amount of 5.125% Debentures, Series B, due June 15, 2033 issued by Verizon Maryland Inc.

QUANTUMONLINE.COM SECURITY DESCRIPTION:  Structured Products Corp., 6.00% CorTS (Corporate-Backed Trust Securities) Certificates, principal amount $25 per certificate, issued by CorTS Trust for Verizon Maryland Debentures, the Trust. The underlying securities are the 5.125% Debentures, Series B due 6/15/2033 issued by Verizon Maryland Inc., a subsidiary of Verizon Communications Inc. (NYSE: VZ). The CorTS certificates will pay 6.00% ($1.50) per annum interest semiannually on 6/15 & 12/15 to holders of record on the day immediately prior to the payment date. The CorTS certificates are redeemable on or after 1/16/2009 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 Aa3 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	6.00% $1.5	$25.00 $25.00	Called for 5/13/2004 6/15/2033	Aa3 A+ 2/26/2004	6/15 & 12/15 Click for MW ExDiv Date Click for Yahoo ExDiv Date	No

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