STRUCTURED PRODUCTS CORP
8-K, EX-1, 2001-01-16
ASSET-BACKED SECURITIES
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                                      Exhibit 1

To the Holders of
Credit-Enhanced CorTS Trust for AON Capital A, Certificates
CUSIP: 22532R101

 U.S. Bank Trust National Association,  as Trustee for the Credit-Enhanced CorTS
Trust for AON Capital A, Certificates CUSIP: 22532R101, hereby gives notice with
respect to the  Distribution  occurring  on  January 2, 2001 (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
           $0.00           91.166666           91.166666

2.   The amount of aggregate  interest  due and not paid as of the  Distribution
     Date is .00

3.   No fees have been paid to the Trustee or any other party from the  proceeds
     of the Term Assets.

4.   $30,000,000 aggregate principal amount of Credit - Enhanced CorTS Trust for
     AON  Capital A 8.205%  capital  securities  due  January 1, 2027 (the "Term
     Assets") are held for the above trust.  The Term Assets are currently rated
     a3 and A- by  Moody's  Investors  Service,  Inc.  and  Standard  and Poor's
     Ratings Group respectively.

5.   The Aggregate  Certificate  Principal  Balance of the  Certificates  at the
     close of business on the Distribution Date is $30,000,000.

                      U.S. Bank Trust National Association

                                     EX1-1
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