Exhibit 2
To the Holders of
TIERS Asset-Backed Securities,
Series CHAMT Trust 1997-7
Floating Rate Certificates, Class B
CUSIP: 8712928AS8
Pursuant to Section 4.2 of the Base Trust Agreement dated October 15, 1997
between Structured Products Corporation and Delaware Trust Capital Management,
Inc., U.S. Bank Trust National Association, formerly First Trust of New York,
National Association, as Administrator, hereby gives notice with respect to the
Distribution occurring on August 15, 2000 (the "Distribution Date") as follows:
(i) The amount of the distribution to holders of each Class of Securities
allocable to principal of and premium, if any, and interest and the amount of
aggregate unpaid interest accrued, if any, as of the Distribution Date,
expressed as a dollar amount per $1,000 original face amount thereof, were as
follows:
Fixed Rate Notes, Floating Rate Certificates
Class A Class B
Principal 3.765085 29.479853
Premium, if any 0.00 0.00
Interest Paid 0.599522 4.475680
Interest Accrued and not paid 0.00 $0.00
(ii) The Floating Rate Pass Through Rate applicable to the Floating Rate Class B
Certificates for the period from July 17, 2000 through August 14, 2000 and
payable on the on the Distribution Date, as calculated by Westdeutsche
Landesbank Girozentrale, the Calculation Agent 6.82625%.
(iii) No compensation has been paid to the Administrator or Trustee from
Available Funds under the TIERS Asset-Backed Securities, Series CHAMT Trust
1997-7.
(iv) The aggregate stated principal amount of the Chase Credit Card Master Trust
Class A Floating Rate Certificates, Series 1996-4 (the "Deposited Assets") is
$36,641,000 and the notional amount is the same.
(v) The Deposited Assets did bear interest at a rate of 6.75625% for the period
from July 17, 2000 through August 14, 2000.
(vi) The Deposited Assets are rated AAA by Standard & Poors and Aaa by Moody's
Investors Service .
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(vii) The Eligible Investments held by the Issuer as of the Distribtion Date
were as follows:
None.
(viii) The PSA Index Rate determined with respect to the Distribution Date by
Westdeutsche Landesbank Girozentrale, as Swap Counterparty is 712.
(ix) The aggregate outstanding principal balance of, Notional Amount
attributable to and the Current Factor applicable to each class of Securities as
of the close of business on the Distribution Date were as follows:
Fixed Rate Notes, Class A Floating Rate Certificates
Class B
Aggregate Outstanding $36,641,000.00 $8,577,000.00
Principal Balance $36,641,000.00 $8,577,000.00
Notional Amount $36,641,000.00 $8,577,000.00
Current Factor .1038 .7855
U.S. Bank Trust National Association, as Administrator
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