To the Holders of
CorTS Trust for JC PENNY Debentures Certificates, Series 1999-1 CUSIP: 220803100
Pursuant to Section 4.2 of the Trust Agreement, U.S. Bank Trust National
Association, as, Trustee for the CorTS Trust for JC Penney Debentures
Certificates, Series 1999-1, hereby gives notice with respect to the
Distribution occurring on September 1, 2000 (the "Distribution Date") as
follows:
1. The amount of the distribution payable to the Certificateholders on the
Distribution Date allocable to principal and premium, if any, and interest
expressed as a dollar amount per 1,000 $25 units thereof securities, is as
set forth below:
Principal Interest Total Distribution
$0.0 953.125 953.125
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. $100,000,000.00 aggregate principal amount of JC Penney Debentures Due 2097
(the "Term Assets") are held for the above trust. The Term Assets are
currently rated A3 by Moody's Investors Service, Inc. and A by Standard and
Poor's Ratings Group.
5. The Aggregate Certificate Prinicipal Balance of the Certificates at the
close of business on the Distribution Date is units representing
$100,000,000.00.
U.S. Bank Trust National Association
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