<PAGE>
Exhibit 99.5
TRUSTEE'S DISTRIBUTION STATEMENT
TO THE HOLDERS OF: 97-CHR-1
The Bank of New York, as Trustee under the
Corporate Bonds Backed Certs.
CUSIP NUMBER: 219-87H-AG0
<TABLE>
<S> <C> <C>
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: February 1, 2000
INTEREST ACCOUNT
Balance as of August 2, 1999 0
Schedule Income received on securities.................................... 1862500
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........................................ 1324553
Distribution to Swap Counterparty......................................... 0
Trustee Fees.............................................................. 2250
Fees allocated for third party expenses............................ 0
Balance as of February 1, 2000 Subtotal 535697
PRINCIPAL ACCOUNT
Balance as of August 2, 1999 0
Scheduled Principal payment received on securities........................ 0
Principal received on sale of securities.................................. 0
LESS:
Distribution to Beneficial Holders........................................ 535697
Distribution to Swap Counterparty......................................... 0
Balance as of February 1, 2000 Subtotal 535697
Balance 0
UNDERLYING SECURITIES HELD AS OF February 1, 2000
Principal Title of Security
Amount CHRYSLER CORP DEBENTURE
50000000 CUSIP# : 171-196-AS7
</TABLE>
- 9 -
