UNITED STATES
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): November 1, 2004
Structured Obligations Corporation
(Exact name of registrant as specified in its charter)
Delaware 001-32226 20-6193036
(State or other jurisdiction of (Commission (IRS Employer
incorporation or organization) File Number) Identification Number)
270 Park Avenue, New York, New York 10013
(Address of principal executive offices) (Zip Code)
Registrant's telephone number including area code (212) 834-6000.
Check the appropriate box below if the Form 8-K filing is intended to
simultaneously satisfy the filing obligation of the registrant under any of the
following provisions:
[] Written communications pursuant to Rule 425 under the Securities Act (17CFR
230.425)
[] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17CFR
240.14a-12)
[] Pre-commencement communications pursuant to Rule 14d-2(b) under the
Exchange Act (17CFR 240.14d-2(b))
[] Pre-commencement communications pursuant to Rule 13e-4(c) under the
Exchange Act (17CFR 240.13e-4(c))
1
Section 8 - Other Events
Item 8.01 Other Events.
This current report on Form 8-K relates to a distribution made to holders
of the Certificates issued by the Select Notes Trust LT 2004-1.
Each issuer of an underlying security, or guarantor thereof, or successor
thereto, as applicable, which represents ten percent (10%) or more of the
aggregate principal amount of all securities held by the trust 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 an issuer
of an underlying security, 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 Obligations Corporation 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 Obligations Corporation nor the trustee has verified the
accuracy or completeness of such documents or reports. There can be no
assurance that events affecting an issuer of an underlying security, or
guarantor thereof, or successor thereto, as applicable, or an underlying
security have not occurred or have not yet been publicly disclosed which
would affect the accuracy or completeness of the publicly available
documents described above.
Section 9- Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits.
(c) Exhibits:
1. Trustee's Report with respect to the November 1, 2004
Distribution Date for the Select Notes Trust LT 2004-1
2
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 hereunto duly authorized.
By: /s/ Chadwick S. Parson
_______________________________________
Name: Chadwick S. Parson
Title: Authorized Signatory
November 3, 2004
3
EXHIBIT INDEX
Exhibit Page
------- ----
1 Trustee's Report with respect to the November 1, 2004
Distribution Date for the Select Notes Trust LT 2004-1 5
4
Exhibit 1
To the Holders of:
Select Notes Trust LT 2004-1
Long Term Certificates Series 2004-1
*CUSIP: 81619PAF4
U.S. Bank Trust National Association, as Trustee for the Select Notes Trust LT
2004-1 (the "Trust"), hereby gives notice with respect to Interest Period
commencing on the day after October 1, 2004 and including the November 1, 2004
Interest Distribution Date (the "Interest Period") in respect of the November 1,
2004 Interest Distribution Date (the "Interest Distribution Date") as follows:
1. The amount of interest received by the Trust during the Interest Period is
as set forth below (each Certificateholder's pro rata portion of this
amount is the amount to be included in such Certificateholder's Form 1099).
$ 202,500.00
a. Per certificate held amount of interest income to be included in Form
1099 for the year ending December 31, 2004 is set forth below.
$6.332083
2. The total of all interest distributed to Certificate holders during the
Interest Period is set forth below.
$ 167,895.00
3. Total amount of advances made to the Trustee on the Interest $ 0.00
Distribution Date is
4. Total amount of advances repaid to the Advancing Party
during the Interest Period is $ 34,604.00
5. The net total of repayments made during the Interest
Period is $ 34,604.00
a. The net amount owed by the Trust to the Advancing Party on the
Interest Distribution Date is set forth below.
$ 419,286.00
6. The total amount of interest expense paid to the Advancing Party on the
Interest Distribution Date is set forth below (each Certificateholder's pro
rata portion of this amount should be included in a footnote to such
Certificateholder's Form 1099 indicating that such amount should constitute
investment indebtedness interest, which can be deducted by non-corporate
taxpayers to the extent of such net investment income).
$ 0.00
a. Per certificate held amount of interest expense to be included in Form
1099 for the year ending December 31, 2004 is set forth below.
$ 0.00
7. At the close of business on the Interest Distribution Date, there were
31,980 Certificates outstanding.
8. Payments made on Underlying Securities during the Interest period are as
set forth below.
- --------------- ----------------------------------------- ---------- ---------------
Payment Date Description of Underlying Security Principal Interest
- --------------- ----------------------------------------- ---------- ---------------
10/15/04 Time Warner Inc. 7.625% Debentures due $ 0.00 $ 74,343.75
April 15, 2031.
- --------------- ----------------------------------------- ---------- ---------------
10/15/04 DTE Energy Company 2003 Series A 6.375% $ 0.00 $ 62,156.25
Senior Notes due April 15, 2033.
- --------------- ----------------------------------------- ---------- ---------------
10/30/04 Citigroup Inc. 6.000% Subordinated $ 0.00 $ 66,000.00
Notes due October 31, 2033.
- --------------- ----------------------------------------- ---------- ---------------
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.
5