0001068238-07-000315 Sample Contracts

SUPPLEMENTAL TRUST AGREEMENT NO. 1 FOR STRATSSM TRUST FOR BELLSOUTH TELECOMMUNICATIONS SECURITIES, SERIES 2003-1
Supplemental Trust Agreement • March 13th, 2007 • Synthetic Fixed Income Securities Inc • Asset-backed securities

This Supplemental Trust Agreement No. 1, dated as of March 8, 2007 (this “Supplemental Trust Agreement No. 1”), is entered into by and among Synthetic Fixed Income Securities, Inc. as Trustor (the “Trustor”) for STRATSSM Trust for BellSouth Telecommunications Securities, Series 2003-1 (the “Trust”) and U.S. Bank Trust National Association as Trustee for the Trust specified in Annex A (the “Trustee”), and is entered into with respect to the Base Trust Agreement, dated as of September 26, 2003 and between the Trustor and the Trustee, (the “Base Trust Agreement”), as supplemented by the STRATSSM Certificates Series Supplement 2003-1, dated as of September 26, 2003 (the “Series Supplement”, and together with the Base Trust Agreement, the “Trust Agreement”). Capitalized terms used but not otherwise defined herein shall have the respective meanings set forth in the Trust Agreement.

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