SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K/A
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934
Date of Report: January 31, 2007
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(Date of earliest event reported)
Select Asset Inc.
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(Exact Name of Registrant as Specified in Charter)
Delaware 001-379404 13-4029392
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(State of Incorporation) (Commission (I.R.S. Employer File
File Number) Identification No.)
745 Seventh Avenue
New York, New York 10019
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(Address of Principal Executive Offices) (Zip Code)
Registrant's Telephone Number, including area code (212) 526-7000
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Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any
following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act
(17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12(b) under the Exchange Act
(17 CFR 240.14a-12(b))
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17 CFR 240.13e-4(c))
Section 9--Financial Statements and Exhibits
Item 9.01. Financial Statements and Exhibits
(a) Financial Statements of Businesses Acquired - Not Applicable
(b) Pro Forma Financial Information - Not Applicable
(c) Exhibits*
*Attached as Exhibits 5.1 and 8.1 to this Form 8-K/A are the opinions of
Sidley Austin LLP with respect to legality and material tax matters,
respectively, in connection with the Corporate Backed Callable Trust
Certificates, J.C. Penney Debenture-Backed Series 2007-1.
Item 601(a) of
Regulation S-K
Exhibit No. Description
5.1 Opinion of Sidley Austin LLP with respect to legality in
connection with the Corporate Backed Callable Trust
Certificates, J.C. Penney Debenture-Backed Series 2007-1.
8.1 Opinion of Sidley Austin LLP with respect to material tax
matters in connection with the Corporate Backed Callable
Trust Certificates, J.C. Penney Debenture-Backed Series
2007-1.
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
SELECT ASSET INC.
By: /s/ Charles M. Weaver
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Name: Charles M. Weaver
Title: Senior Vice President
January 31, 2007
INDEX TO EXHIBITS
Exhibit No. Description
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5.1 Opinion of Sidley Austin LLP with respect to legality in
connection with the Corporate Backed Callable Trust
Certificates, J.C. Penney Debenture-Backed Series 2007-1.
8.1 Opinion of Sidley Austin LLP with respect to material tax
matters in connection with the Corporate Backed Callable
Trust Certificates, J.C. Penney Debenture-Backed Series
2007-1.