EXHIBIT 1
To the Holders of
Trust Investment Enhanced Return Securities
Corporate Bond-Backed Certificates, Series C 1998-6
ZTF Class
Amortizing Class - CUSIP 871928BM8
Pursuant to Section 4.2 of the Trust Agreement, U.S. Bank Trust National
Association, as Trustee for the TIERS Corporate Bond-Backed Certificates, Series
C 1998-6, hereby gives notice with respect to the Distribution occurring on
August 1, 2000 (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 certificates, is:
Class Principal Interest Total Distribution
ZTF Class $0.00 $0.00 $0.00
Amortizing Class $81.50306 $20.62112 $102.12418
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. 50,000,000 aggregate principal amount of Chrysler Corporation 7.40%
Debentures Due 2097 (the "Term Assets") held for the above trust. The Term
Assets are currently rated A2 by Moody's Investors Service, Inc. and A 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
ZTF Class $50,000,000.00
Amortizing $39,196,180.94
U.S. BANK TRUST NATIONAL ASSOCIATION
