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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
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FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
January 17, 2000
Date of Report (Date of Earliest Event Reported)
Lehman ABS Corporation (as depositor under the Standard Terms for Trust
Agreements, dated as of February 28, 1996, as supplemented by a Series
Supplement, dated as of December 16, 1997, which together formed the Corporate
Bond-Backed Certificates Trust, Series 1997-BellSouth-1, which issued Corporate
Bond Backed Certificates, Series 1997-BellSouth-1)
LEHMAN ABS CORPORATION
(Exact Name of Registrant as Specified in Its Charter)
Delaware 033-73438-13 13-3447441
(State or Other Jurisdiction (Commission File (I.R.S. Employer
of Incorporation) Number) Identification No.)
Three World Financial Center 10285
200 Vesey Street (Zip Code)
New York, New York
(Address of Principal Executive Offices)
(212) 526-5594
(Registrant's Telephone Number,
Including Area Code)
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
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Item 5. OTHER EVENTS
On January 15, 1998, July 15, 1998, January 15, 1999, July 15, 1999 and January
17, 2000, distributions were made to the Holders of the Corporate Bond Backed
Certificates, Series 1997-BellSouth-1 (the "Certificate Holders"). Specific
information with respect to the distributions is filed as Exhibits 99.1 through
99.5 hereto.
No other reportable transactions or matters have occurred during the current
reporting period.
Item 7. FINANCIAL STATEMENTS AND EXHIBITS
(c) The following exhibits were filed as part of this report:
99.1 Trustee's Distribution Statement to the Certificate Holders for the
six-month period ending January 15, 1998.
99.2 Trustee's Distribution Statement to the Certificate Holders for the
six-month period ending July 15, 1998.
99.3 Trustee's Distribution Statement to the Certificate Holders for the
six-month period ending January 15, 1999.
99.4 Trustee's Distribution Statement to the Certificate Holders for the
six-month period ending July 15, 1999.
99.5 Trustee's Distribution Statement to the Certificate Holders for the
six-month period ending January 17, 2000.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
Date: May 26, 2000
THE BANK OF NEW YORK
AS TRUSTEE, FOR
CORPORATE BOND-BACKED
CERTIFICATES TRUST,
SERIES-1997-BELLSOUTH-1
By: /s/ Enrico D. Reyes
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ENRICO D. REYES
VICE PRESIDENT
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EXHIBIT INDEX
Exhibit Number Description
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99.1 Trustee's Distribution Statement to the Certificate Holders
for the six-month period ending January 15, 1998.
99.2 Trustee's Distribution Statement to the Certificate Holders
for the six-month period ending July 15, 1998.
99.3 Trustee's Distribution Statement to the Certificate Holders
for the six-month period ending January 15, 1999.
99.4 Trustee's Distribution Statement to the Certificate Holders
for the six-month period ending July 15, 1999.
99.6 Trustee's Distribution Statement to the Certificate Holders
for the six-month period ending January 17, 2000.
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