August 04, 2010 -- U.S. Bank Trust National Association serves as trustee (the “Trustee”) for the above-referenced Trust formed pursuant to the terms of the Base Trust Agreement dated as of September 26, 2003 as supplemented by the Series Supplement Series 2004-4, dated as of February 25, 2004. The Trustee has received notice that the Call Warrant Holder has exercised its right to purchase the Underlying Securities of the Trust on August 17, 2010. The Call Warrant Holder has given notice to the Trustee to exercise all Call Warrants for the purchase of $25,000,000 of the Underlying Securities held by the Trust, and agrees to make payment equal to the Warrant Exercise Purchase Price for the Underlying Securities being purchased pursuant to the exercise of the Call Warrants, which includes accrued and unpaid interest to and including the Warrant Exercise Date, determined to be August 17, 2010. THE EXERCISE OF THE CALL WARRANTS IS CONDITIONAL UPON RECEIPT BY THE TRUSTEE OF THE WARRANT EXERCISE PURCHASE PRICE ON THE WARRANT EXERCISE DATE. THERE CAN BE NO ASSURANCE THAT THE CALL WARRANTS WILL IN FACT BE EXERCISED ON THE WARRANT EXERCISE DATE. If the Trustee receives the Warrant Exercise Purchase Price by 11:00 a.m. (New York City time) on the Redemption Date, then (i) the Class A-1 Certificates issued by the Trust will be redeemed in whole on the Redemption Date at a price of 100% of the Stated Amount of the Class A-1 Certificates to be redeemed plus accrued and unpaid interest to the Redemption Date (a total redemption price of $25.38333333 per Class A-1 Certificate to be redeemed (of this, $25 represents re-payment of principal and $0.38333333 represents accrued but unpaid interest)) and (ii) the Class A-2 Certificates will be redeemed in whole on the Redemption Date by payment of accrued and unpaid interest on the Notional Amount of the Class A-2 Certificates to be redeemed to the date of redemption, plus the Make Whole Amount (a total redemption price of $205.94181080 per thousand). If the Trustee does not receive the Warrant Exercise Purchase Price, then (i) the Certificates issued by the Trust will not be redeemed and will continue to accrue distributions as if no exercise notice had been given and (ii) the Call Warrant Holder may elect to deliver a conditional notice of exercise in the future. ____________ The interest rate on the Class A-1 Certificates will be increased by 0.25% for each rating notch downgrade of the Underlying Securities by either S&P or Moody's and such interest rate will be decreased by 0.25% for each rating notch upgrade of the Underlying Securities by either S&P or Moody's, but in no event will the interest rate be reduced below 8.00%. The initial Interest Rate listed above assumes that the interest rate on the Underlying Securities will be 8.75% as of the Closing Date. At all times, the interest rate on the certificates will be 2.00% less than the interest rate on the underlying securities.

QUANTUMONLINE.COM SECURITY DESCRIPTION:  Synthetic Fixed-Income Securities Inc., Adjustable Rate STRATS (Structured Repackaged Asset-Backed Trust Securities) Certificates, Series 2004-4, Class A-1 Certificates, STRATS Trust for AT&T Corp., price to the public $25 per certificate. The underlying securities are the 8.00% Senior Notes due 11/15/2031 issued by AT&T Corp., now part of AT&T Inc. (NYSE: T). The certificates pay an initial rate of 6.75% ($1.6875) per annum distributions semiannually on 5/15 & 11/15 to holders of record on the business day immediately preceding the payment date. The unit's distribution rate can be adjusted up or down based on changes in the credit ratings on the underlying securities. Certificates are callable at the option of the call warrant holder on or after 2/25/2009 at $25 per certificate plus accrued and unpaid interest. Certificate ratings at the IPO were BBB (negative outlook) by S&P and Baa2 (negative outlook) by Moody's. Synthetic Fixed-Income Securities, Inc. is a wholly-owned subsidiary of Wachovia Corporation. For further information on the STRATS 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	6.75% $1.6875	$25.00 $25.00	Called for 8/17/2010 11/15/2031	A2 A 9/27/2009	5/15 & 11/15 Click for MW ExDiv Date Click for Yahoo ExDiv Date	No

Company's Online Information Links

HOME PAGE:     http://www.wellsfargo.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

Go to SEC Filings

Address and Phone Numbers

Address:   Wells Fargo Securities, 375 Park Avenue, New York, NY 10152
Main Phone Number	212-214-6277
Fax Number	Not Available
Investor Contact (President)   William Threadgill	212-214-6277