SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549
                         ------------------------------
                                    FORM 8-K

                                 CURRENT REPORT

                     PURSUANT TO SECTION 13 OR 15(d) OF THE

                         SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): June 1, 2004


                            STRUCTURED PRODUCTS CORP.
                            -------------------------
             (Exact name of registrant as specified in its charter)


 Delaware                            001-32084           13-3692801
 ------------------------------      ----------------    ----------------------
(State or other jurisdiction of     (Commission File     (IRS Employer
incorporation or organization)       Number)              Identification Number)

388 Greenwich Street, New York, New York                                   10013
- --------------------------------------------------------------------------------
(Address of principal executive offices)                              (Zip Code)

Registrant's telephone number including area code (212) 816-7496.
                                                  --------------



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Item 1.   Changes in Control of Registrant.
- -------   ---------------------------------
          Not Applicable.

Item 2.   Acquisition or Disposition of Assets.
- -------   -------------------------------------
          Not Applicable.

Item 3.   Bankruptcy or Receivership.
- -------   ---------------------------
          Not Applicable.

Item 4.   Changes in Registrant's Certifying Accountant.
- -------   ----------------------------------------------
          Not Applicable.

Item 5.   Other Events.
- -------   -------------

          The issuer of the  underlying  securities,  or guarantor  thereof,  or
          successor,  thereto,  as  applicable,  is subject  to the  information
          reporting  requirements  of the  Securities  Exchange Act of 1934,  as
          amended (the "Exchange Act").  Periodic reports and other  information
          required to be filed  pursuant to the  Exchange  Act, by the issuer of
          the underlying securities, or guarantor thereof, or successor thereto,
          as  applicable,  may be inspected  and copied at the public  reference
          facilities  maintained by the Securities and Exchange  Commission (the
          "Commission") at 450 Fifth Street, N.W.,  Washington,  D.C. 20549. The
          Commission   also   maintains   a  site  on  the  World  Wide  Web  at
          "http://www.sec.gov"  at which users can view and  download  copies of
          reports,  proxy and information statements and other information filed
          electronically  through the Electronic  Data  Gathering,  Analysis and
          Retrieval system.  Neither  Structured  Products Corp. nor the trustee
          has  participated in the preparation of such reporting  documents,  or
          made any due diligence  investigation  with respect to the information
          provided therein. Neither Structured Product Corp. nor the trustee has
          verified the accuracy or  completeness  of such  documents or reports.
          There can be no  assurance  that  events  affecting  the issuer of the
          underlying securities,  or guarantor thereof, or successor thereto, as
          applicable, or the underlying securities have not occurred or have not
          yet been  publicly  disclosed  which  would  affect  the  accuracy  or
          completeness of the publicly available documents described above.

Item 6.   Resignations of Registrant's Directors.
- -------   ---------------------------------------
          Not Applicable.

Item 7.   Financial Statements, Pro-Forma Financial Information and Exhibits.
- -------   -------------------------------------------------------------------


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          (a)  Not Applicable.

          (b)  Not Applicable.

          (c)  Exhibits:

               1.   Trustee's   Report   with   respect  to  the  June  1,  2004
                    Distribution  Date  for the  CorTS  Trust  II for  BellSouth
                    Debentures

Item 8.   Change in Fiscal Year
- -------   ---------------------
          Not Applicable.

Item 9.   Regulation FD Disclosure
- -------   ------------------------
          Not Applicable.




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                                   SIGNATURES


                  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 thereunto duly authorized.



                                                   By:  /s/ Mark C. Graham
                                                     ---------------------------
                                                     Name:  Mark C. Graham
                                                     Title: Authorized Signatory









June 1, 2004



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                                 EXHIBIT INDEX


Exhibit                                                                     Page
- -------                                                                     ----
   1      Trustee's   Report   with   respect  to  the  June  1,  2004        6
          Distribution  Date  for the  CorTS  Trust  II for  BellSouth
          Debentures



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                                   Exhibit 1

To the Holders of:
CorTS Trust II for BellSouth Debentures
7% Corporate-Backed Trust Securities (CorTS) Certificates
*CUSIP: 22081C208

U.S.  Bank Trust  National  Association,  as Trustee  for the CorTS Trust II for
BellSouth Debentures,  hereby gives notice with respect to the Distribution Date
of June 1, 2004 (the "Distribution Date") as follows:

1.   The amount of the  distribution  payable to the  Certificateholders  on the
     Distribution Date allocable to principal and premium, if any, and interest,
     expressed as a dollar amount per $25 Certificate, is as set forth below:

          Principal             Interest           Total Distribution
          $ 0.000000            $ 0.875000         $ 0.875000

2.   The amount of aggregate  interest  due and not paid as of the  Distribution
     Date is $0.000000.

3.   No fees have been paid to the Trustee or any other party from the  proceeds
     of the Term Assets.

4.   $82,840,000  aggregate  principal  amount of BellSouth  Telecommunications,
     Inc. 7%  Debentures  due December 1, 2095 (the "Term  Assets") are held for
     the above trust.

5.   At the close of business on the Distribution Date,  3,313,600  Certificates
     representing  $82,840,000  aggregate  Certificate  Principal  Balance  were
     outstanding.

6.   The  current  rating of the Term  Assets is not  provided  in this  report.
     Ratings can be obtained from Standard & Poor's Ratings Services, a division
     of The  McGraw-Hill  Companies,  Inc.,  by  calling  212-438-2400  and from
     Moody's Investors Service, Inc. by calling 212-553-0377.

U.S.  Bank Trust National Association, as Trustee


*The Trustee shall not be held responsible for the selection or use of the CUSIP
number nor is any  representation  made as to its  correctness.  It is  included
solely for the convenience of the Holders.



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