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EXHIBIT 99.1
DISTRIBUTION REPORT
FOR
PUBLIC STEERS(R) SERIES 1998 TRV-C1 TRUST
DISTRIBUTION DATE
DECEMBER 1, 2000
CUSIP NUMBER 744593203
(i) the amounts received by the Trustee as of the last such statement
in respect of principal, interest and premium on the Travelers
Capital II Trust Preferred Securities (liquidation value $1,000
per Trust Preferred Security) (the "Underlying Securities"):
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Interest: $968,750.00
Principal: 0.00
Premium: 0.00
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(ii) the amounts of compensation received by the Trustee, for the
period relating to such Distribution Date:
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Paid by the Trust: $0.00
Paid by the Depositor: $1,000.00
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(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:
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Class A:
Interest: $968,750.00
Principal: $0.00
Unpaid Interest Accrued: $0.00
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(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.
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Principal Amount: $25,000
(Liquidation Value $1,000
per Trust Preferred Security)
Interest Rate: 7.75%
Rating:
Moody's Investor Service AA3
Standard & Poor's Rating Service A+
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(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.
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Class A: ($10 Stated Amount)
Initial Principal Balance: $2,500,000
Reduction: (0)
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Principal Balance 12/1/00: $2,500,000
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