Exhibit 99.1

To the Holders of:
STRATS(SM) TRUST FOR GOLDMAN SACHS CAPITAL I SECURITIES, SERIES 2005-1
Structured Repackaged Asset-Backed Trust Securities
*CUSIP:       86312BAA5 - Variable Floating Rate Certificates


U.S. Bank Trust National Association, as Trustee for the STRATS(SM) TRUST FOR
GOLDMAN SACHS CAPITAL I SECURITIES, SERIES 2005-1, hereby gives notice with
respect to the Scheduled Distribution Date of September 15, 2005 (the
"Distribution Date") as follows:

1.   The amount received from the Swap Counterparty on September 15, 2005 was
     $41,866.67 and was distributed to Certificateholders as interest.

2.   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 Certificate is set
     forth below:

                  Principal          Interest           Total Distribution
                  $  0.000000        $  4.1866667       $  4.1866667

3.   The amount of aggregate interest due and not paid as of the Distribution
     Date is 0.000000.

4.   No fees have been paid to the Trustee or any other party from the
     proceeds of the Underlying Securities.

5.   At the close of business on the Distribution Date, $10,000,000 aggregate
     principal amount of Goldman Sachs Capital I 6.345% Capital Securities due
     February 15, 2034 (the Underlying Securities) are held for the above
     trust.

6.   At the close of business on the Distribution Date, 10,000 Certificates
     representing $10,000,000 aggregate Certificate Principal Balance were
     outstanding.

7.   The current rating of the Underlying Securities is not provided in this
     report. Ratings can be obtained from Standard & Poor's Ratings Services,
     a division of The McGraw-Hill Companies, Inc., by calling 212-438-2400
     and from Moody's Investors Service, Inc. by calling 212-553-0377.

U.S. Bank Trust National Association,
as Trustee


*The Trustee shall not be held responsible for the selection or use of the
CUSIP number nor is any representation made as to its correctness. It is
included solely for the convenience of the Holders.