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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
December 1, 1999
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 November 27, 1996, which together formed the Corporate
Bond-Backed Certificates Trust, Series 1996-DHC-1, which issued Corporate Bond
Backed Certificates, Series 1996-DHC-1)
LEHMAN ABS CORPORATION
(Exact Name of Registrant as Specified in Its Charter)
Delaware 333-73438-03 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 June 1, 1998, December 1, 1998, June 1, 1999 and December 1, 1999
distributions were made to the Holders of the Corporate Bond Backed
Certificates, Series 1996-DHC-1 (the "Certificate Holders"). Specific
information with respect to the distributions are filed as Exhibits 99.1 through
99.4.
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 June 1, 1998.
99.2 Trustee's Distribution Statement to the Certificate Holders
for the six-month period ending December 1, 1998.
99.3 Trustee's Distribution Statement to the Certificate Holders
for the six-month period ending June 1, 1999.
99.4 Trustee's Distribution Statement to the Certificate Holders
for the six-month period ending December 1, 1999.
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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
CERIFICATES TRUST,
SERIES 1996-DHC-1
By: /s/ Enrico D. Reyes
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Enrico D. Reyes
Vice President
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EXHIBIT INDEX
Exhibit Number Description
- -------------- -----------
99.1 Trustee's Distribution Statement to the Certificate Holders
for the six-month period ending June 1, 1998.
99.2 Trustee's Distribution Statement to the Certificate Holders
for the six-month period ending December 1, 1998.
99.3 Trustee's Distribution Statement to the Certificate Holders
for the six-month period ending June 1, 1999.
99.4 Trustee's Distribution Statement to the Certificate Holders
for the six-month period ending December 1, 1999.
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TRUSTEE'S DISTRIBUTION STATEMENT
TO THE HOLDERS OF: 96-DHC-1
The Bank of New York, as Trustee under the
Lehman Corporate Bond Backed
CUSIP NUMBER: 219-87J-AB7
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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 : June 1, 1998
INTEREST ACCOUNT
Balance as of December 19, 1997 0
Schedule Income received on securities...................................................... 533375
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.............................................. 533375
Distribution to Swap Counterparty............................................... 0
Trustee Fees.................................................................... 0
Fees allocated for third party expenses......................................... 0
Balance as of February 2, 1998 Subtotal 0
PRINCIPAL ACCOUNT
Balance as of August 1, 1998 0
Scheduled Principal payment received on securities......................................... 0
Principal received on sale of securities................................................... 0
LESS:
Distribution to Beneficial Holders.............................................. 0
Distribution to Swap Counterparty............................................... 0
Balance as of February 2, 1998 Subtotal 0
Balance 0
UNDERLYING SECURITIES HELD AS OF: February 2, 1998
Principal Title of Security
Amount DAYTON HUDSON CORPORATION
12550000 CUSIP# : 293-753-BP0
</TABLE>
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TRUSTEE'S DISTRIBUTION STATEMENT
TO THE HOLDERS OF: 96-DHC-1
The Bank of New York, as Trustee under the
Lehman Corporate Bond Backed
CUSIP NUMBER: 219-87J-AB7
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<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 : December 1, 1998
INTEREST ACCOUNT
Balance as of June 1, 1998 0
Schedule Income received on securities...................................................... 533375
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.............................................. 533375
Distribution to Swap Counterparty............................................... 0
Trustee Fees.................................................................... 0
Fees allocated for third party expenses......................................... 0
Balance as of February 2, 1998 Subtotal 0
PRINCIPAL ACCOUNT
Balance as of August 1, 1998 0
Scheduled Principal payment received on securities......................................... 0
Principal received on sale of securities................................................... 0
LESS:
Distribution to Beneficial Holders.............................................. 0
Distribution to Swap Counterparty............................................... 0
Balance as of February 2, 1998 Subtotal 0
Balance 0
UNDERLYING SECURITIES HELD AS OF: February 2, 1998
Principal Title of Security
Amount DAYTON HUDSON CORPORATION
12550000 CUSIP# : 293-753-BP0
</TABLE>
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TRUSTEE'S DISTRIBUTION STATEMENT
TO THE HOLDERS OF: 96-DHC-1
The Bank of New York, as Trustee under the
Lehman Corporate Bond Backed
CUSIP NUMBER: 219-87J-AB7
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<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 : June 1, 1999
INTEREST ACCOUNT
Balance as of December 1, 1998 0
Schedule Income received on securities..................................... 533375
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............................... 533375
Distribution to Swap Counterparty................................ 0
Trustee Fees..................................................... 0
Fees allocated for third party expenses.......................... 0
Balance as of June 1, 1999 Subtotal 0
PRINCIPAL ACCOUNT
Balance as of December 1, 1998 0
Scheduled Principal payment received on securities......................... 0
Principal received on sale of securities................................... 0
LESS:
Distribution to Beneficial Holders................................ 0
Distribution to Swap Counterparty................................. 0
Balance as of June 1, 1999 Subtotal 0
Balance 0
UNDERLYING SECURITIES HELD AS OF: June 1, 1999
Principal Title of Security
Amount DAYTON HUDSON CORPORATION
12550000 CUSIP# : 293-753-BP0
</TABLE>
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TRUSTEE'S DISTRIBUTION STATEMENT
TO THE HOLDERS OF: 96-DHC-1
The Bank of New York, as Trustee under the
Lehman Corporate Bond Backed
CUSIP NUMBER: 219-87J-AB7
<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 : December 1, 1999
INTEREST ACCOUNT
Balance as of June 1, 1999 0
Schedule Income received on securities.................................... 533375
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................................ 533375
Distribution to Swap Counterparty................................. 0
Trustee Fees...................................................... 0
Fees allocated for third party expenses........................... 0
Balance as of December 1, 1999 Subtotal 0
PRINCIPAL ACCOUNT
Balance as of June 1, 1999 0
Scheduled Principal payment received on securities........................ 0
Principal received on sale of securities.................................. 0
LESS:
Distribution to Beneficial Holders............................... 0
Distribution to Swap Counterparty................................ 0
Balance as of December 1, 1999 Subtotal 0
Balance 0
UNDERLYING SECURITIES HELD AS OF: December 1, 1999
Principal Title of Security
Amount DAYTON HUDSON CORPORATION
12550000 CUSIP# : 293-753-BP0
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