Exhibit 1
TRUSTEE'S DISTRIBUTION STATEMENT
To the Holders of:
Corporate Backed Trust Certificates, Series 2001-23
*CUSIP: 21988G692 Class A-1
21988GAV8 Class A-2
In accordance with the Standard Terms for Trust Agreements, U.S. Bank Trust
National Association, as Trustee, submits the following cash basis statement
for the period ending December 1, 2004.
INTEREST ACCOUNT
- ----------------
Balance as of June 1, 2004..... $0.00
Scheduled Income received on securities..... $1,000,000.75
Unscheduled Income received on securities..... $0.00
LESS:
Distribution to Class A-1 Holders..... -$1,000,000.00
Distribution to Class A-2 Holders..... -$0.00
Distribution to Depositor..... -$0.00
Distribution to Trustee..... -$0.75
Balance as of December 1, 2004..... $0.00
PRINCIPAL ACCOUNT
- -----------------
Balance as of June 1, 2004..... $0.00
Scheduled Principal received on securities..... $0.00
LESS:
Distribution to Holders..... -$0.00
Balance as of December 1, 2004..... $0.00
UNDERLYING SECURITIES HELD AS OF December 1, 2004
Principal
Amount Title of Security
--------- -----------------
$28,777,000 Ryder System, Inc. 6.95% Debentures due
December 1, 2025
*CUSIP: 783549AZ1
U.S. Bank Trust National Association, as Trustee
*The Trustee shall not be held responsible for the selection or use of the
CUSIP numbers nor is any representation made as to its correctness. It is
included solely for the convenience of the Holders.
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