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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 15, 1998
INTEREST ACCOUNT
Balance as of February 25, 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............. 710587
Distribution to Swap Counterparty.............. 0
Trustee Fees................................... 2250
Fees allocated for third party expenses.... 750
Balance as of December 16, 1998 Subtotal 273913
PRINCIPAL ACCOUNT
Balance as of February 27, 1998 0
Scheduled Principal payment received on securities...... 0
Principal received on sale of securities......... 0
LESS:
Distribution to Beneficial Holders............... 273913
Distribution to Swap Counterparty................... 0
Balance as of December 16, 1998 Subtotal 0
Balance 273913
UNDERLYING SECURITIES HELD AS OF: December 16, 1998
Principal Title of Security
Amount NORFOLK SOUTHERN CORPORATION
25000000 CUSIP# : 655-844-AK4
