Exhibit 99.1


                           Conditional Redemption of
                      Corporate Backed Trust Certificates
                             Series 2001-23 Trust

          Class A-1 Certificates (NYSE Listing CVI) CUSIP: 21988G692*
                   Class A-2 Certificates CUSIP: 21988G AV8*

NEWS RELEASE - IMMEDIATE - May 26, 2006:

     U.S. Bank Trust National Association, as Trustee, under the Standard
Terms for Trust Agreements dated as of January 16, 2001, as supplemented by
the Series Supplement dated as of June 1, 2001, as amended (the "Trust
Agreement") in respect of the Corporate Backed Trust Certificates, Series
2001-23 Trust (the "Trust") with Lehman ABS Corporation, as depositor,
received notice that the call warrant holder has exercised its right to
purchase the assets of the Trust on June 1, 2006 (the "Redemption Date").

     THE EXERCISE OF THE CALL WARRANTS IS CONDITIONAL UPON RECEIPT BY THE
TRUSTEE OF THE WARRANT EXERCISE CALL PRICE WITH RESPECT TO SUCH EXERCISE ON
THE REDEMPTION DATE. THERE CAN BE NO ASSURANCE THAT THE CALL WARRANTS WILL IN
FACT BE EXERCISED ON THE REDEMPTION DATE.

     If the Trustee receives the call price by 10:00 a.m. (New York City time)
on the Redemption Date, then the certificates issued by the Trust (the
"Certificates") will be redeemed in full on the Redemption Date at a price of
$25 principal per Class A-1 Certificate and $157.934604183214 principal per
$1,000 notional amount Class A-2 Certificate (the "Call Price"). The Class A-2
Certificates are principal-only certificates and will not receive payment of
interest. No interest will accrue on the Certificates after the Redemption
Date. If the Trustee does not receive the Call Price, then (i) the
Certificates issued by the Trust will continue to accrue interest as if no
exercise notice had been given and (ii) the call warrant holder may elect to
deliver a conditional notice of exercise in the future.

     This press release is being issued by U.S. Bank Trust National
Association as trustee of the Trust. For more information about this
conditional redemption, please contact David J. Kolibachuk of U.S. Bank Trust
National Association at 212-361-2459.