November 10, 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 2001-2 dated as of May 9, 2001, between Structured Products Corp. and the Trustee, has received notice that Allstate Financing II has elected to redeem the term assets of the trust on December 1, 2006 at 103.915%. If the Trustee receives the redemption payment on the Redemption Date, then the Certificates issued by the CorTS Trust for Allstate Financing II will be redeemed in full on the Redemption Date at a price of $26.542784 per Certificate. December 1, 2006 interest on the certificates will be paid to holders of record in the usual manner. No interest will accrue on the Certificates after the Redemption Date. If the Trustee does not receive the redemption payment, then Certificates referenced in the redemption notice will not be redeemed. 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.

QUANTUMONLINE.COM SECURITY DESCRIPTION:  Structured Products Corp., 8.0% CorTS (Corporate-Backed Trust Securities) Certificates, principal amount $25 per certificate, issued by CorTS Trust for Allstate Financing II, the Trust. The underlying securities of the CorTS trust are the 7.83% Capital Securities due 12/01/2045 issued by Allstate Financing II and guaranteed by Allstate Corp. (NYSE: ALL). The assets of the underlying capital securities trust are the 7.83% Junior Subordinated Deferrable Interest Debentures due 12/01/2045 which were purchased from Allstate Corp. using the funds from the sale of the Capital Securities. The CorTS certificates will pay 8.00% dividends semiannually on 6/1 & 12/1 to holders of record one business day prior to the payment date. The CorTS certificates are redeemable on or after 12/01/2006 at $26.54 per certificate which declines to $25.54 by 12/1/2016 (see schedule under the Redemption of Certificates Upon Redemption of Underlying Capital Securities section of the prospectus) (search the prospectus for $26.54), plus accrued and unpaid dividends. The underlying issuer has the right, at any time, to defer interest payments for up to 10 consecutive semiannual periods. The certificates must be rated at least a1 by Moody's and A- by S&P to be issued. 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. 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 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	8.00% $2.00	$25.00 $26.54	Called for 12/01/2006 12/01/2045	A2 A- 1/13/2006	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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