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TRUSTEE'S DISTRIBUTION STATEMENT
TO THE HOLDERS OF: 98-NSC-1
The Bank of New York, as Trustee under the
Lehman Bros. Lehman Corporate Bond Backed Certificates
Class A2
CUSIP NUMBER: 219-87H-AN5
in accordance with the Standard Terms and Conditions of Trust, The Bank of
New York, as trustee submits the following cash basis statement for the period
ending May 17,1999
INTEREST ACCOUNT
Balance as of November 16,1998 0
Schedule Income received on securities.................. 987500
Unscheduled Income received on securities............... 0
Schedule Interest received from Swap Counterparty....... 0
Unscheduled Interest received from Swap Counterparty.... 0
Interest Received on sale of Securties............... 0
LESS:
Distribution to Beneficial Holders............... 692493
Distribution to Swap Counterparty................ 0
Trustee Fees..................................... 2250
Fees allocated for third party expenses....... 750
Balance as of May 17,1999 Subtotal 292007
PRINCIPAL ACCOUNT
Balance as of November 16,1998 0
Scheduled Principal payment received on securities...... 0
Principal received on sale of securities........... 0
LESS:
Distribution to Beneficial Holders............. 292007
Distribution to Swap Counterparty.................. 0
Balance as of May 17,1999 Subtotal 292007
Balance 0
UNDERLYING SECURITIES HELD AS OF May 17,1999
Principal Title of Security
Amount NORFOLK SOUTHERN CORPORATION
25,000,000 CUSIP# : 655-844-AK4
