1 SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-K ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended: Commission file number: December 31, 1997 33-73666 Corporate Asset Backed Corporation (Exact name of registrant as specified in its charter) United States of America 22-3281571 (State or other jurisdiction (I.R.S. Employer of incorporation or organization Identification No.) c/o Paine Webber Incorporated 1285 Avenue of the Americas, 11th Floor New York, NY 10019 (Address of principal executive offices) (zip code) Registrant's telephone number, including area code: (212) 713-2841 Securities registered pursuant to Section 12(b) of the Act: $52,800,000 Principal Trust Certificates, Series 94-1 Securities registered pursuant to Section 12(g) of the Act: None Indicate by check mark whether the Registrant has (1) filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to filed such reports) and (2) has been subject to such filing requirements for the past 90 days. Yes /x/ No / / State the aggregate market value of the voting stock held by non-affiliates of the registrant. The Registrant has no voting stock or class of common stock outstanding as of the date of this report. 2 PART I ------ Item 1. Business Not Applicable Item 2. Properties Not Applicable Item 3. Legal Proceedings None Item 4. Submission of Matters To A Vote Of Security Holders. None PART II ------- Item 5. Market For Registrant's Common Equity and Related Stockholder Matters The Certificates issued by CABCO Trust for Texaco Capital Inc. Guaranteed Debentures representing investors' interest in the Trust are represented by one or more physical Certificates registered in the name of Cede & Co., the nominee of The Depository Trust Company. To the best knowledge of the registrant, there is no established public trading market for the Certificates. Item 6. Selected Financial Data Not Applicable Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations Not Applicable Item 8. Financial Statements and Supplementary Data Not Applicable Item 9. Changes In and Disagreements With Accountants On Accounting and Financial Disclosure None Item 10. Directors and Executive Officers of the Registrant Not Applicable 2 3 Item 11. Executive Compensation Not Applicable PART III -------- Item 12. Security Ownership Of Certain Beneficial Owners and Management (a) Not Available (b) Not Applicable (c) Not Applicable Item 13. Certain Relationships and Related Transactions None PART IV ------- Item 14. Exhibits, Financial Statement Schedules, And Reports On Form 8-K (a) The following documents are filed as part of this Report: None (b) None (c) None 3 4 SIGNATURES ---------- Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. CORPORATE ASSET BACKED CORPORATION as depositor Date: March 3, 1998 By: /s/ Robert Vascellaro ---------------------------- Robert Vascellaro Vice President and Treasurer 4