January 2, 2007 -- U.S. Bank Trust National Association, as Trustee, under the Base Trust Agreement dated as of May 21, 1999, as supplemented by the CorTS Supplement 1999-4 dated as of October 28, 1999, between Structured Products Corp. and the Trustee, has received notice that Southern Company Capital Trust I has elected to redeem the term assets of the trust on February 2, 2007 at 104.095% of the par value of the term assets plus one day of accrued interest. If the Trustee receives the redemption payment on the Redemption Date, then the Certificates issued by the CorTS Trust for Southern Company Capital Trust I will be redeemed in full on the Redemption Date at a price of $26.023750 per Certificate plus $0.005687 accrued interest. On February 1, 2007 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., 8.19% CorTS (Corporate-Backed Trust Securities) Certificates, principal amount $25 per certificate, issued by CorTS Trust for Southern Capital Trust I, the Trust. The underlying securities of the CorTS trust are the 8.19% Exchange Capital Securities due 2/01/2037 issued by Southern Co. Capital Trust I and guaranteed by Southern Co. (NYSE: SO). The assets of the underlying capital securities trust are the 8.19% Series A Exchange Junior Subordinated Deferrable Interest Notes due 2/01/2037 which were purchased from Southern Co. (NYSE: SO) using the funds from the sale of the Capital Securities. The CorTS certificates will pay 8.19% ($2.0475) dividends semiannually on 2/1 & 8/1. The CorTS are redeemable under the call warrants on or after 2/01/2007 at $25 per share plus a redemption premium of $1.02375 which declines to zero by 2/01/2017 (see schedule on page S-14 of the prospectus), plus accrued and unpaid dividends. The 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 A3 by Moody's and BBB+ 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 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	8.19% $2.0475	$25.00 $26.02	Called for 2/02/2007 2/01/2037	Baa1 BBB+ 12/27/2005	2/1 & 8/1 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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