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 (Date of earliest event reported): SEPTEMBER 22, 1997


                      STRUCTURED PRODUCTS CORP.
                      -------------------------
      (Exact name of registrant as specified in its charter)


     DELAWARE                    33-55860                13-3692801
     --------                    --------                ----------
(State or Other Jurisdiction (Commission File Number)   (IRS Employer
  of Incorporation)                                  Identification Number)


          Seven World Trade Center
          Room 33-130, 33rd Floor
                  NEW YORK, NY                     10048
          -------------------------                -----
     (Address of Principal Executive Office)    (Zip Code)


    Registrant's telephone number, including area code: (212) 783-6645


                             N/A
    __________________________________________________________________


   (Former Name or Former Address, if Changed Since Last Report)





             INFORMATION TO BE INCLUDED IN THE REPORT

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 ACCOUNTANTS.

          Not Applicable.

Item 5.   OTHER EVENTS.

          Not Applicable.

Item 6.   RESIGNATIONS OF REGISTRANT'S DIRECTORS.

          Not Applicable.

Item 7.   FINANCIAL   STATEMENTS,   PRO  FORMA  FINANCIAL  INFORMATION  AND
          EXHIBITS.

          (a)  FINANCIAL STATEMENTS OF BUSINESSES ACQUIRED.

               Not Applicable.

          (b)  PRO FORMA FINANCIAL INFORMATION.

               Not Applicable.

          (c)  EXHIBITS.

          1.   Series Trust Indenture,  dated  as  of  September  15, 1997,
               incorporating  the  Standard  Terms  of the Trust Indenture,
               dated as of September 15, 1997, by and  between  First Trust
               of New York, National Association, as Indenture Trustee  and
               TIERS  Asset-Backed  Securities,  Series CHAMT Trust 1997-7,
               including the Form of Class A Note.

          2.   TIERS  Asset-Backed Securities, Series  CHAMT  Trust  1997-7
               Supplement,  dated  as  of September 15, 1997, incorporating
               the Base Trust Agreement, dated as of September 15, 1997, by


                                          2



               and between the Structured Products Corp. and Delaware Trust
               Capital Management, Inc.,  including  the  Form  of  Class B
               Certificate.

          3.   Administration  Agreement,  dated  as of September 15, 1997,
               between TIERS Asset-Backed Securities,  Series  CHAMT  Trust
               1997-7 and First Trust of New York, National Association, as
               Administrator.

          4.   1992  ISDA  Master  Swap Agreement, and related schedule and
               confirmations thereto,  each dated as of September 15, 1997,
               by and between TIERS Asset-Backed  Securities,  Series CHAMT
               Trust 1997-7 and Westdeutsche Landesbank Girozentrale.

          5.   Administration  Agreement,  dated as of September 15,  1997,
               among  TIERS  Asset-Backed Securities,  Series  CHAMT  Trust
               1997-7,  Delaware   Trust   Capital   Management,  Inc.  and
               Structured Products Corp.

          6.   Expense Guarantee of Salomon Brothers Inc  to First Trust of
               New York, National Association

          7.   Expense Guarantee of Salomon Brothers Inc. to Delaware Trust
               Capital Management, Inc.

          8.   Underwriting  Agreement, dated September 15,  1997,  between
               Structured Products Corp. and Salomon Brothers Inc

          9.   Opinion of Rogers & Wells with respect to tax matters.

                                  3




                            SIGNATURES

          Pursuant to the requirements  of  the Securities and Exchange Act
of 1934, the registrant has duly caused this  report  to  be  signed on its
behalf by the undersigned hereunto duly authorized.

                                   STRUCTURED PRODUCTS CORP.

Date:  September 22, 1997          By:  /S/ TIMOTHY P. BEAULAC
                                      ------------------------
                                        Timothy P. Beaulac
                                        Assistant Vice President and
                                          Finance Officer





                                  4


                           EXHIBIT INDEX


EXHIBIT                     DESCRIPTION
- -------                     -----------


1.             Series  Trust  Indenture,  dated  as of September 15,  1997,
               incorporating the Standard Terms of  Trust  Indenture,  also
               dated  as  of September 15, 1997, by and between First Trust
               of New York,  National Association, as Indenture Trustee and
               TIERS Asset-Backed  Securities,  Series  CHAMT Trust 1997-7,
               including the Form of Class A Note.

2.             TIERS  Asset-Backed  Securities, Series CHAMT  Trust  1997-7
               Supplement, dated as of  September  15,  1997, incorporating
               the Base Trust Agreement, dated as of September 15, 1997, by
               and between the Structured Products Corp. and Delaware Trust
               Capital  Management,  Inc., including the Form  of  Class  B
               Certificate.

3.             Administration Agreement,  dated  as  of September 15, 1997,
               between TIERS Asset-Backed Securities,  Series  CHAMT  Trust
               1997-7 and First Trust of New York, National Association, as
               Administrator.

4.             1992  ISDA  Master  Swap Agreement, and related schedule and
               confirmations thereto,  each dated as of September 15, 1997,
               by and between TIERS Asset-Backed  Securities,  Series CHAMT
               Trust 1997-7 and Westdeutsche Landesbank Girozentrale.

5.             Delegation Agreement, dated as of September 15, 1997,  among
               TIERS  Asset-Backed  Securities,  Series CHAMT Trust 1997-7,
               Delaware  Trust  Capital  Management,  Inc.  and  Structured
               Products Corp.

6.             Expense Guarantee of Salomon Brothers  Inc to First Trust of
               New York, National Association

7.             Expense Guarantee of Salomon Brothers Inc to Delaware Trust 
               Capital Management, Inc.

8.             Underwriting  Agreement,  dated  as of September  15,  1997,
               between  Structured Products Corp. and Salomon Brothers Inc

9.             Opinion of Rogers & Wells with respect to tax matters.

                                          5