Exhibit 99.2


                       Report of Independent Accountants

            Synthetic Fixed-Income Securities, Inc. (as Depositor)
            One Wachovia Center
            301 South College Street, DC-7
            Charlotte, NC 28288

            U.S. Bank Trust National Association (as Trustee) Corporate Trust
            Department 100 Wall Street
            New York, NY 10005


            Re:   STRATS Trust For Goldman Sachs Capital I Securities, Series
                  -----------------------------------------------------------
                  2005-1 (the "Trust")
                  --------------------

            Ladies and Gentlemen:

            We have examined assertions of Synthetic Fixed-Income Securities,
            Inc. (the "Depositor") and U.S. Bank National Association, (the
            "Trustee" and Together with the Depositor, the "Management") that
            the Depositor and the Trustee have complied, in all material
            respects, with the provisions of the Base Trust Agreement dated as
            of September 26, 2003, as supplemented by a series supplement
            dated as of June 13, 2005 (together, the "Trust Agreement"), in
            respect of the STRATS Trust For Goldman Sachs Capital I
            Securities, Series 2005-1 (the "Trust"), during the period covered
            by the annual report on Form 10-K filed by the Depositor on behalf
            of the Trust for the year ended December 31, 2006 (the "Annual
            Report"). Management is responsible for compliance with the Trust
            Agreement. Our responsibility is to express an opinion on
            Management's assertions based on our examination.

            Our examination was made in accordance with attestation standards
            established by the American Institute of Certified Public
            Accountants and, accordingly, included examining, on a test basis,
            evidence about the Depositor's and the Trustee's compliance with
            the Trust Agreement and performing such other procedures as
            considered necessary in the circumstances. We believe that our
            examination provides a reasonable basis for our opinion.

            In our opinion, the Depositor and the Trustee have complied, in
            all material respects, with the Trust Agreement during the period
            covered by the Annual Report and Management's assertions with
            respect to such compliance are fairly stated, in all material
            respects, for the year ended December 31, 2006.


            /s/ Aston Bell, CPA

            New York, New York
            March 13, 2007


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