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BANC ONE INVESTMENT MANAGEMENT GROUP
CORPORATE TRUST SERVICES
CORPORATE TRUST ACCOUNT ADMINISTRATION
Southpoint Structured Assets, Inc. TVA Security-Backed Trust Certificates,
Series 1998-1
$5,000,000 6.25% Certificate due December 15, 2017
Report to Certificateholders on 12/15/00
This report is being prepared pursuant to Section 4.03 of the Standard Terms of
Trust Agreements dated March 19, 1998 between Southpoint Structured Assets, Inc.
as Depositor and Banc One, West Virginia, N.A., as Trustee:
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CUSIP NUMBER: 873055AA5
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Principal Amount of Security $5,000,000.00
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Current Interest Rate of Security 6.25%
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Reporting Unit 1,000.00
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Accrual Period - Beg 15-Jun-00
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Accrual Period - End 14-Dec-00
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Record Date 14-Dec-00
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Fixed or Variable Rate Fixed
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Maturity Date 12/15/17
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Amounts received as of last pmt. date $ 156,250.00
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BEGINNING PRINCIPAL BAL $5,000,000.00
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INTEREST:
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Pass-Through Rate 6.25%
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Certificates Interest Distributed $ 156,250.00
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Retained Interest Distributed $ 0.00
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Trust Expenses $ 2,100.00
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Unpaid Accrued Interest $ 0.00
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PRINCIPAL:
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PRINCIPAL DISTRIBUTED $ 0.00
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Advances Distributed:
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PREPAYMENT PREMIUM:
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Amount Distributed $ 0.00
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TOTAL DISTRIBUTION $ 158,350.00
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ENDING PRINCIPAL BALANCE $5,000,000.00
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PER UNIT:
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Beginning Principal Balance 1,000.000000
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Interest Distributed 31.250000
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Principal Distributed 0.000000
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Prepayment Penalty Distributed 0.000000
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Total Distributed 31.250000
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