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Structured Products CorTS, BellSouth Cap Fund Deb, 7.12% Certificates
Ticker Symbol: KTBB*     CUSIP: 22081F201     Exchange: OTOTC
Security Type:   Third Party Trust Preferred
* NOTE: This security is no longer trading as of 1/31/2011

Security has been Called for:  Monday, January 31, 2011

Jan 18, 2011 -- U.S. Bank Trust National Association serves as trustee for the above-referenced Trust formed pursuant to the terms of the Base Trust Agreement dated as of December 15, 2000, as supplemented by the Series Supplement Series 2001-13, dated as of April 6, 2001 by and between Structured Products Corporation (the "Depositor") and the Trustee. The Warrantholder has given notice to the Trustee to exercise 22,888 Call Warrants for the purchase of $22,888,000 of the Term Assets held by the Trust, and agrees to make payment equal to the Warrant Exercise Purchase Price for the Term Assets 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 January 31, 2011. 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) 915,520 Certificates issued by the Trust will be redeemed in full on the Redemption Date at a price of $25.00 per Certificate plus accrued interest $0.079111 per Certificate to the Redemption Date. If the Certificates are redeemed, no interest will accrue on such Certificates after the Redemption Date. If the Trustee does not receive the Warrant Exercise Purchase Price, then (i) the Certificates issued by the Trust will not be redeemed and they will continue to accrue distributions as if no exercise notice had been given and (ii) the Warrantholder may elect to deliver a conditional notice 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, Holders with questions may contact Bondholder Services at (800) 934-6802. ____________ July 29, 2010 -- U.S. Bank Trust National Association serves as trustee for the above-referenced Trust formed pursuant to the terms of the Base Trust Agreement dated as of December 15, 2000, as supplemented by the Series Supplement Series 2001-13, dated as of April 6, 2001 by and between Structured Products Corporation and the Trustee. Capitalized terms used herein have the meanings set forth in the Trust Agreement. The Call Warrant Holder has given notice to the Trustee to exercise 26,000 Call Warrants for the purchase of $26,000,000 of the Term Assets held by the Trust, and agrees to make payment equal to the sum of the principal amount of the Term Assets being purchased pursuant to the exercise of the Call Warrants plus accrued and unpaid interest to and including the Warrant Exercise Date, determined to be August 11, 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) 1,040,000 Certificates issued by the Trust will be redeemed on the Redemption Date at a price of $25.00 per Certificate plus accrued interest of $0.128556 to the Redemption Date per Certificate. If the Certificates are redeemed, no interest will accrue on the Certificates after the Redemption Date. If the Trustee does not receive the Warrant Exercise Purchase Price, then (i) no Certificates issued by the Trust will be redeemed and they 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. 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, Holders with questions may contact Bondholder Services at (800) 934-6802. ____________ February 12, 2007 -- Structured Products Corp. Corporate-Backed Trust Securities (CorTS), CUSIP: 22081F201. CorTS Trust For BellSouth Capital Funding Debentures (New York Stock Exchange Ticker Symbol "KCO"), announced today its intention to seek approval from the New York Stock Exchange and the Securities and Exchange Commission to terminate and strike from listing and registration on the Exchange the CorTS Trust For BellSouth Capital Funding Debentures, Corporate-Backed Trust Securities (CorTS) Certificates. On January 9, 2007, the Exchange filed with Commission a notice that it has complied with its rules to strike all classes of bonds of BellSouth Corporation and / or its predecessor or co-obligor subsidiaries BellSouth Telecommunications, Inc. and BellSouth Capital Funding Corporation from listing and registration on the Exchange. The Exchange subsequently delisted such securities and on January 24, 2007, BellSouth Corporation filed a Form 15 with the Commission to terminate its reporting obligations under the Securities Exchange Act of 1934, as amended. As a result of such termination of reporting by BellSouth Corporation, it will not be possible to continue the listing of the CorTS Certificates identified above on the Exchange. Contact: U.S. Bank Trust National Association, Janet O'Hara, 212-361-2527.

QUANTUMONLINE.COM SECURITY DESCRIPTION:  Structured Products Corp., 7.12% CorTS (Corporate-Backed Trust Securities) Certificates, principal amount $25 per certificate, issued by CorTS Trust for BellSouth Capital Funding Debentures, the Trust. The underlying securities are the 7.12% Debentures due 7/15/2097 issued by BellSouth Capital Funding Corp., a subsidiary of BellSouth Corp. (NYSE: BLS). The CorTS certificates will pay 7.12% per annum interest semiannually on 1/15 & 7/15 to holders of record on the day immediately prior to the payment date. The CorTS are redeemable on or after 4/06/2006 under the call warrants at $25 plus accrued and unpaid interest. Units are expected to trade flat, which means accrued interest will be reflected in the trading price and the purchasers Aa3 by Moody's and AA- by S&P to be issued. 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 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
OTOTCn
OTOTCps
7.12%
$1.78
$25.00
$25.00
Called for
1/31/2011

7/15/2097
A2 A
10/20/2010
1/15 & 7/15
Click for MW ExDiv Date
Click for Yahoo ExDiv Date
No

Go to Parent Company's Record (T)

IPO - 4/12/2001 - 1.96 Million Certificates @ $25.00/cert.    Link to IPO Prospectus
Previous Ticker Symbol: KCO
Market Value $49.0 Million

Company's Online Information Links
Home Page:   We know of no Home Page for this company.

Company's Online SEC EDGAR Filings
Company's SEC EDGAR Filings Go to SEC Filings

Address and Phone Numbers
Address:   388 Greenwich Street, New York, NY 10013
Main Phone Number 212-816-7496
Fax Number Not Available

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