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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
Date of Report (Date of earliest event reported): June 12, 1998
Structured Products Corp. on behalf of
TIERSsm Corporate Bond-Backed Certificates Trust IBM 1997-4
TIERSsm Corporate Bond-Backed Certificates Trust BLS 1997-6
TIERSsm Corporate Bond-Backed Certificates Trust APA 1997-8
TIERSsm Corporate Bond-Backed Certificates Trust JPM 1998-2
TIERSsm Corporate Bond-Backed Certificates Trust LTR 1998-4
TIERSsm Corporate Bond-Backed Certificates Trust MOT 1998-5
TIERSsm Corporate Bond-Backed Certificates Trust C 1998-6
(Exact name of registrant as specified in its charter)
Delaware 33-55860 13-3692801
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(State or other jurisdiction (Commission (IRS Employer
of incorporation or File Number) Identification
organization) Number)
Room 33-130, 33rd Floor, Seven World Trade Center, New York, New York 10048
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number including area code (212) 783-6645.
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N/A
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(Former name or former address, if changed since last report)
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Item 1. Changes in Control of Registrant.
Not Applicable.
Item 2. Acquisition or Disposition of Assets.
Not Applicable.
Item 3. Bankruptcy or Receivership.
Not Applicable.
Item 4. Changes in Registrant's Certifying Accountant.
Not Applicable.
Item 5. Other Events.
On June 12, 1998, Structured Products deposited an additional
$14,616,000 of Motorola, Inc. 5.22% Debentures due October 1, 2097 in the
TIERS(sm) Corporate Bond-Backed Certificates Trust MOT 1998-5 and the trust
issued $14,616,000 additional principal amount of TIERS(sm) Corporate
Bond-Backed Certificates, Series MOT 1998-5 ZTF Class and $8,472,000
additional principal amount of TIERS(sm) Corporate Bond-Backed Certificates ,
Series MOT 1998-5 Amortizing Class.
Item 6. Resignations of Registrant's Directors.
Not Applicable.
Item 7. Financial Statements, Pro-Forma Financial Information and Exhibits.
(a) Not Applicable.
(b) Not Applicable.
(c) Exhibits.
1. Trustee's Report to the Holders of TIERS Corporate
Bond-Backed Certificates Trust BLS 1997-6 for June 15, 1998 Distribution Date
Item 8. Change in Fiscal Year.
Not Applicable.
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SIGNATURES
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.
STRUCTURED PRODUCTS CORP.
By: /s/ Timothy P. Beaulac
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Name: Timothy P. Beaulac
Title: President
Dated: June 12, 1998
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EXHIBIT INDEX
Exhibit Page
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1. Trustee's Report to the Holders of TIERS(sm) Corporate Bond-Backed 5
Certificates Trust BLS 1997-6 for June 15, 1998 Distribution Date
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Exhibit 1
To the Holders of
Trust Investment Enhanced Return Securities [MJF1](SM)
Corporate Bond-Backed Certificates, Series BLS 1997-6
ZTF Class
Amortizing Class
Pursuant to Section 4.2 of the Trust Agreement, U.S. Bank Trust National
Association, formerly First Trust of New York, National Association, as
Trustee for the TIERS Corporate Bond-Backed Certificates Trust, Series BLS
1997-6, hereby gives notice with respect to the Distribution occurring on June
15, 1998 (the "Distribution Date") as follows:
1. The amount of the distribution payable to the Certificateholders of each
class of Certificates on the Distribution Date allocable to principal and
premium, if any, and interest expressed as a dollar amount per $1,000 original
face amount of securities, is as set forth below:
Class Principal Interest Total Distribution
ZTF Class $0.00 $0.00 $0.00
Amortizing Class $71.64619 $30.47800 $102.12419
2. The amount of aggregate interest due and not paid as of the Distribution
Date is $0.00.
3. No fees have been paid to the Trustee or any other party from the proceeds
of the Term Assets.
4. $6,603,000 aggregate principal amount of BellSouth Telecommunications, Inc.
Forty Year 7 1/2% Debentures due June 15, 2003 ( the "Term Assets") are held
for the above trust. The Term Assets are currently rated Aaa by Moody's
Investors Service, Inc. and AAA by Standard and Poor's Ratings Group.
5. The Aggregate Certificate Principal Balance of each class of Certificates
at the close of business on the Distribution Date is set forth below:
Class Principal Balance
ZTF Class $6,603,000.00
Amortizing Class $2,082,700.56
U.S. BANK TRUST NATIONAL ASSOCIATION
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