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Bear Stearns Depositor TRUCs Certs 2001-3, 7.125% BellSouth
Ticker Symbol: TZG*     CUSIP: 89826T200     Exchange: NYSE
Security Type:   Third Party Trust Preferred
* NOTE: This security is no longer trading as of 2/09/2007

Security has been Called for:  Friday, February 9, 2007

Note: The 2/9/2007 call date was used by QOL since TZG has already stopped trading on the NYSE but we have no information as to when the payout date and amounts will be. __________ February 9, 2007 -- TRUCs Series 2001-3 Trust, which is the issuer of $42,816,850 7.125% Trust Certificates (TRUCs) Series 2001-3 (NYSE ticker symbol: "TZG"), announced today that it will liquidate its assets and terminate because the guarantor of the underlying securities held by the trust (BellSouth Corporation) has ceased reporting under the Securities Act of 1934. BellSouth Corporation, following its merger with a wholly-owned subsidiary of AT&T Inc., has terminated its reporting obligations under the Exchange Act, and it is the stated intention of BellSouth Corporation not to provide any further financial reporting information. As a result, the Trust cannot meet its disclosure obligations under the Exchange Act and must terminate. A liquidation distribution is expected to be made on the 7.125% Trust Certificates (TRUCs) Series 2001-3 on the date of settlement following liquidation of the Trust. Contact: For TRUCs Series 2001-3 Trust, Marlene Fahey, 212-361-2510

QUANTUMONLINE.COM SECURITY DESCRIPTION:  Bear Stearns Depositor Inc., 7.125% Trust Certificates (TRUCs), Series 2001-3, Class A-1, 7.125% Coupon, price to the public $25 per certificate. Underlying securities are the 7.00% Debentures due 12/01/2095 issued by BellSouth Telecommunications Inc. and guaranteed by BellSouth Corp. (NYSE: BLS). The certificates pay 7.125% ($1.78125) per annum distributions semiannually on 6/1 & 12/1 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 7/12/2006 at $25 per certificate plus accrued and unpaid interest. Certificate ratings at the IPO were A+ by S&P and Aa2 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
7.13%
$1.78125
$25.00
$25.00
Called for
2/09/2007

12/01/2095
A2 A
1/30/2006
6/1 & 12/1
Click for MW ExDiv Date
Click for Yahoo ExDiv Date
No

Go to Parent Company's Record (T)

IPO - 7/12/2001 - 1.02 Million Shares @ $25.00/share.    Link to IPO Prospectus
Market Value $25.4 Million

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.)

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

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

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