From the 8-K filed 12/27/2004 -- This current report on Form 8-K relates to the notification of holders of CABCO Trust for BellSouth Debentures Trust Certificates relating to the BellSouth Telecommunications, Inc. 6 3/4 % Debentures due October 15, 2033 of the redemption of the outstanding principal amount of the Certificates and the distribution to the holders of such Certificates of the redemption proceeds and accrued interest on January 18, 2005. After giving effect to the redemption, no Certificates will remain outstanding. ________ 1/14/2005 A QOL user has informed us that Yahoo is now showing BFH as BFH-CL indicating that the security has been called. We can find no information on the call but assume that it is true that BFH has been called. We assumed a call date of 30 days from today or 2/14/05 as a nominal call date.

QUANTUMONLINE.COM SECURITY DESCRIPTION:  Corporate Asset Backed Corp., CABCO Trust for BellSouth Debentures 6 3/4% Trust Certificates, principal amount $25 per trust certificate. The underlying securities are the 6 3/4% debentures due 10/15/2033 issued by BellSouth Telecommunications Inc. The certificates are redeemable at the issuer's option on or after 10/15/2003 at $25.875 declining to $25 by 10/15/2023, distributions of 6 3/4% per year are paid semiannually on 4/15 & 10/15. The certificates 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. To be issued the certificates must be rated at least AAA by S&P and Aaa by Moody's. For further information on the CABCO Trust Certificates, see the IPO Prospectus by clicking on the link provided below. Corporate Asset Backed Corp. is a subsidiary of UBS PaineWebber.

Stock Exchange	Cpn Rate Ann Amt	LiqPref CallPrice	Call Date Matur Date	Moodys/S&P Dated	Distribution Dates	15% Tax Rate
NYSE Chart	6.75% $1.6875	$25.00 $25.88	Called for 1/18/2005 10/15/2033	A2 A 12/07/2004	4/15 & 10/15 Click for MW ExDiv Date Click for Yahoo ExDiv Date	No

Company's Online Information Links

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

Company's Online SEC EDGAR Filings

Company's SEC EDGAR Filings

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Address and Phone Numbers

Address:   1285 Avenue of the Americas, 11th Floor, New York, NY 10019
Main Phone Number	212-713-2841
Fax Number	Not Available