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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report: January 16, 2001
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(Date of earliest event reported)
Lehman ABS Corporation
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(Exact Name of Registrant as Specified in Charter)
Delaware 1-11661 13-3447441
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(State of Incorporation) (Commission (I.R.S. Employer
File Number) Identification No.)
3 World Financial Center
New York, New York 10285
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(Address of Principal Executive Offices) (Zip Code)
Registrant's Telephone Number, including area code (212) 526-7000
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(Former Name or Former Address, if Changed Since Last Report)
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ITEM 5. Other Events
On January 16, 2001, Lehman ABS Corporation ("LABS")
transferred $46,851,000 aggregate principal amount of JPM Capital Trust I 7.54%
Cumulative Capital Securities due January 15, 2027, comprising a portion of a
fixed rate, publicly issued, unsecured debt security issue (the "Underlying
Securities") of J.P. Morgan Co. Incorporated (the "Underlying Securities
Issuer") to the Corporate Backed Certificates, Series 2001-JPM-1 Trust (the
"Trust") established by LABS, which issued Corporate Backed Trust Certificates,
Series 2001-JPM-1 (the "Certificates"), issued pursuant to a Standard Terms for
Trust Agreements, dated as of January 16, 2001 (the "Standard Terms"), between
LABS and U.S. Bank Trust National Association, as trustee (the "Trustee"), as
supplemented by a Series Supplement, dated as of January 16, 2001 (the "Series
Supplement" and, together with the Standard Terms, the "Trust Agreement"),
between LABS and the Trustee. The Certificates were purchased by Lehman Brothers
Inc. ("Lehman") from LABS pursuant to an underwriting agreement, dated January
4, 2001 (the "Underwriting Agreement"), between LABS and Lehman, acting for
itself and as representative of the underwriters named in Schedule I of the
Underwriting Agreement.
ITEM 7. Financial Statements and Exhibits
(a) Financial Statements - Not Applicable
(b) Pro Forma Financial Information - Not Applicable
(c) Exhibits
Item 601(a) of
Regulation S-K
Exhibit No. Description
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4.1 Series Supplement, dated as of January 16,
2001, between Lehman ABS Corporation, as
Depositor, and U.S. Bank Trust National
Association, as Trustee, together with the
Standard Terms for Trust Agreements, dated as
of January 16, 2001, between Lehman ABS
Corporation, as Depositor, and U.S. Bank Trust
National Association, as Trustee
25.1 Statement of Eligibility of Trustee, dated as
of January 5, 2001
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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 hereunto duly authorized.
LEHMAN ABS CORPORATION
/S/ Rene Canezin
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Name: Rene Canezin
Title: Vice-President
January 16, 2001
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INDEX TO EXHIBITS
Exhibit No. Description
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4.1 Series Supplement, dated as of January 16, 2001, between
Lehman ABS Corporation, as Depositor, and U.S. Bank Trust
National Association, as Trustee, together with the
Standard Terms for Trust Agreements, dated as of January
16, 2001, between Lehman ABS Corporation, as Depositor,
and U.S. Bank Trust National Association, as Trustee.
25.1 Statement of Eligibility of Trustee, dated as of January
5, 2001.
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