Exhibit 99.1
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To the Holders of
Trust Certificates (TRUCs), Series 2001-1
*CUSIP: 00000X000
In accordance with Section 4.03 of the Standard Terms for Trust Agreements
dated as of June 19, 2001 as supplemented by the Series Supplement Trust
Certificates (TRUCs) Series 2001-1 Trust dated as of June 19, 2001 between
Bear Xxxxxxx Depositor Inc., as Depositor, and U.S. Bank Trust National
Association, as Trustee, U.S. Bank Trust National Association, as Trustee of
the Trust Certificates (TRUCs), Series 2001-1 Trust hereby gives notice with
respect to the Distribution occurring on September 15, 2001 (the "Distribution
Date") as follows:
(i) the amount received by the Trustee in respect of principal, interest and
premium on the Underlying Securities during the period ending on the
Distribution Date is as follows:
Principal: $ 0.00
Premium: $ 0.00
Interest: $ 936,000.00
(ii) the amount of the distribution on the Distribution Date to holders of
TRUCs allocable to principal of and premium, if any, and interest or
dividends was as follows:
Class A-1 Class A-2
Principal: $ 0.00 $ 0.00
Premium: $ 0.00 $ 0.00
Interest: $ 0.00 $ 0.00
Dividends: $ 444,930.56 $ 0.00
Dividends Per $25 unit: $ .4493056
(iii) the Trustee received no compensation from the Trust for the period
relating to the Distribution Date, however, $488,800.00 representing
interest accrued prior to June 19, 2001 on the Underlying Assets was
remitted to the Depositor in accordance with Section 3 ( c ) of the
Series Supplement and $2,269.44 (or $.00226944 per $25 unit) was remitted
to the Depositor for the payment of Trust Expenses in accordance with
Section 5 (i) (3) of the Series Supplement.
(iv) the Underlying Securities are $28,800,000 principal amount of AT&T Corp.
6.50% Notes due March 15, 2029 (*CUSIP: 000000XX0) and the rating as of
September 15, 2001 of such Underlying Securities by Standard & Poor's
Ratings Services is "A-" and by Xxxxx'x Investors Services, Inc. is "A2."
(v) the aggregate Certificate Principal Balances of the TRUCs at the close of
business on the Distribution Date were as set forth below:
Class A-1 Class A-2
$25,000,000 (1,000,000 $25 units) $3,800,000.00
U.S. Bank Trust National Association, as Trustee
March 28, 2003
*The Trustee shall not be held responsible for the selection or use of the
CUSIP numbers nor is any representation made as to its correctness. It is
included solely for the convenience of the Holders.
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