Exhibit 31.2

                           ANNUAL COMPLIANCE REPORT

I, David J. Kolibachuk, being an officer of U.S. Bank Trust National
Association, the Trustee in respect of the Corporate Backed Trust
Certificates, Series 2001-23 Trust (the "Trust"), certify that:

   1. I have reviewed this annual report on Form 10-K in respect of the Trust
      and all reports on Form 8-K containing distribution or servicing reports
      of the Trust filed by Lehman ABS Corporation in respect of periods
      included in the year covered by this annual report of the Trust;

   2. Based on my knowledge, the information in those reports, taken as a
      whole, does not contain any untrue statement of a material fact or omit
      to state a material fact necessary to make the statements made, in light
      of the circumstances under which such statements were made, not
      misleading as of the last day of the period covered by this annual
      report;

   3. Based on my knowledge, the distribution information required to be
      provided to the Depositor or the certificateholders by the Trustee under
      the pooling and servicing or similar agreement for inclusion in such
      distribution reports is included in such reports; and

   4. I am responsible for reviewing the activities performed by the Trustee
      under the pooling and servicing or similar agreement and based on my
      knowledge, except as disclosed in such reports, the Trustee has
      fulfilled its obligations under that agreement.



Date: March 27, 2006


      /s/ DAVID J. KOLIBACHUK
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David J. Kolibachuk, Vice President