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EXHIBIT 1
DISTRIBUTION REPORT
FOR
PUBLIC STEERS SERIES 1999 REN-C1 TRUST
DISTRIBUTION DATE
SEPTEMBER 1, 2000
CUSIP NUMBER 744593302
(i) the amounts received by the Trustee as of the last such statement in
respect of principal, interest and premium on the Renaissance Re Capital
Trust Series B Capital Securities (the "Underlying Securities"):
Interest: $854,000.00
Principal: 0.00
Premium: 0.00
(ii) the amounts of compensation received by the Trustee, for the period
relating to such Distribution Date:
Paid by the Trust: $00.00
Paid by the Depositor: $1,000.00
(iii) the amount of distribution on such Distribution Date to Holders allocable
to principal of and premium, if any, and interest on the Certificates of
each such Class and the amount of aggregate unpaid interest accrued as of
such Distribution Date: Class A: Interest: $854,000.00 Principal: $00.00
(iv) the aggregate stated principal amount and, if applicable, notional amount
of the Underlying Securities related to such Series, the current interest
rate or rates thereon at the close of business on such Distribution Date,
and the current rating assigned to the Certificates.
Principal Amount: $20,000 (1,000)
Interest Rate: 8.54%
Rating:
Moody's Investor Service BAA3
Standard & Poor's Rating Service BBB-
(v) the aggregate Certificate Principal Balance (or Notional Amount, if
applicable) of each Class of such Series at the close of business on such
Distribution Date.
Class A Principal Balance:$800,000
