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Exhibit 99.1
TRUSTEE'S DISTRIBUTION STATEMENT
TO THE HOLDERS OF: 97-BELLSOUTH-1
The Bank of New York, as Trustee under the
Corporate Bonds Backed Certs. Z
Class A-1 Certificates
CUSIP NUMBER: 219-87H-AL9
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 : January 15, 1998
INTEREST ACCOUNT
Balance as of December 16, 1997 0
Schedule Income received on securities.................. 1285593
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.............. 1282593
Distribution to Swap Counterparty............... 0
Trustee Fees.................................... 2250
Fees allocated for third party expenses...... 750
Balance as of January 15, 1998 Subtotal 494407
PRINCIPAL ACCOUNT
Balance as of December 16, 1997 0
Scheduled Principal payment received on securities...... 494407
Principal received on sale of securities............. 0
LESS:
Distribution to Beneficial Holders.............. 494407
Distribution to Swap Counterparty............... 0
Balance as of January 15, 1998 Subtotal 0
Balance 0
UNDERLYING SECURITIES HELD AS OF: January 15, 1998
Principal Title of Security
Amount LEHMAN CORP BD-BACKED CERTIFICATES
50000000 CUSIP# : 079-857-AF5
