Feb. 6, 2006 -- Corporate Backed Trust Certificates, Series 2001-21 Trust, which was established by Lehman ABS Corporation, today announced that, because of events described in the following paragraph, the trust will be terminated in accordance with the terms of the trust agreement. The trust holds $28,462,000 aggregate principal amount of 6.50% Notes due March 15, 2029 issued by AT&T Corp. AT&T Corp. has filed a Form 15 with the Securities and Exchange Commission whereby it elected to suspend its duty to file periodic reports under certain sections of the Securities Exchange Act of 1934 related to the underlying securities of the trust. Under the terms of the trust agreement, the trust will be terminated. The holder of call warrants related to the certificates of the trust will have the option to exercise the call warrants. The transfer books relating to the trust certificates will be closed permanently at the time of this press release. A later announcement will set forth additional details regarding any exercise of the call warrants and the timeline for the termination of the trust.

QUANTUMONLINE.COM SECURITY DESCRIPTION:  Lehman ABS Corp., 7.40% Corporate Backed Trust Certificates, Series 2001-21, Class A-1, price to the public $25. Underlying securities are the 6.50% Notes due 3/15/2029 issued by AT&T Corp., now part of AT&T Inc. (NYSE: T). The certificates pay 7.40% per annum distributions semiannually on 3/15 & 9/15 to holders of record one day prior to the payment date. Certificates are callable at the option of the call warrant holder on or after 5/24/2006 at $25 per certificate plus accrued and unpaid interest. Certificate ratings at the IPO were A by S&P and A2 by Moody's. Lehman ABS Corp. is an indirect wholly-owned subsidiary of Lehman Brothers Inc. For further information on the Corporate Backed 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	7.40% $1.85	$25.00 $25.00	Called for 2/13/2006 3/15/2029	A2 A 1/13/2006	3/15 & 9/15 Click for MW ExDiv Date Click for Yahoo ExDiv Date	No

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Address:   200 Vesey Street, 24th Floor, New York, NY 10285
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