Oct 2, 2012 - U.S. Bank Trust National Association, as Trustee, under the Standard Terms for Trust Agreements dated as of June 19, 2001, between Bear Stearns Depositor Inc., as Depositor, and U.S. Bank Trust National Association, as Trustee, as supplemented by the Series Supplement for the Trust Certificates (TRUCs) Series 2002-1 dated as of March 28, 2002 (the "Trust Agreement") in respect of the Trust Certificates (TRUCs) Series 2002-1 Trust (the "Trust"), received notice that the Call Warrants holder has exercised its right to purchase the entire $32,130,000 principal amount of Underlying Securities of the Trust on October 10, 2012. THE EXERCISE OF THE CALL WARRANTS IS CONDITIONAL UPON RECEIPT BY THE TRUSTEE OF THE CALL PRICE WITH RESPECT TO SUCH EXERCISE ON THE CALL DATE. THERE CAN BE NO ASSURANCE THAT THE CALL WARRANTS 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 Call Date, then the Trustee will redeem all of the 1,280,000 total outstanding Class A-1 Certificates on the Call Date at a price of $25 plus accrued interest of $0.775347219 per Class A-1 Certificate and all of the $130,000 principal amount total outstanding uncertificated Class A-2 Certificates will be retired without payment. No interest will accrue on the Class A-1 Certificates after the Call Date. If the Trustee does not receive the call price by 10:00 a.m. (New York City time) on the Call Date, then (i) the Class A-1 Certificates and Class A-2 Certificates will remain outstanding as if no exercise notice had been given with the Class A-1 Certificates continuing to accrue interest, and (ii) the Call Warrants holder may elect to deliver notices 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 redemption, Certificate Holders with questions may contact our Bondholder Services at (800) 934-6802.

QUANTUMONLINE.COM SECURITY DESCRIPTION:  Bear Stearns Depositor Inc., 7.70% Trust Certificates (TRUCs), Series 2002-1, Class A-1, 7.70% Coupon, price to the public $25 per certificate. Underlying securities are the 7.70% Debentures due 5/15/2097 issued by Ford Motor Co. (NYSE: F). The certificates pay 7.70% ($1.925) per annum distributions semiannually on 5/15 & 11/15 to holders of record on the day immediately preceding the payment date. Certificates are callable at the option of the call warrant holder on or after 5/15/2007 at $25 per certificate plus accrued and unpaid interest. Certificate ratings at the IPO were BBB+ by S&P and Baa1 by Moody's. For further information on the TRUCs Trust Certificates, see the IPO Prospectus 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	7.70% $1.925	$25.00 $25.00	Called for 10/10/2012 5/15/2097	Baa3 BB+ 6/18/2012	5/15 & 11/15 Click for MW ExDiv Date Click for Yahoo ExDiv Date	No

Company's Online Information Links

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

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Company's Email Address Links

Inv Rel Email Address	rhaas_internet@bear.com
General Email Address	infocenter@bear.com

Address and Phone Numbers

Address:   245 Park Avenue, New York, NY 10167
Main Phone Number	212-272-2000
Fax Number	212-272-4785
Investor Relations   Rebecca Hass	212-272-8188
Toll Free Phone Number	888-473-3819