COBALTS Trust Series Sprint Capital Certificates, Series 2002-1: Conditional Redemption of COBALTS Trust Series Sprint Capital Certificates, Series 2002-1 CUSIP: 19074V102

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NEW YORK, NY (MARKET WIRE) U.S. Bank Trust National Association, as Trustee (the "Trustee), under the Base Trust Agreement dated as of April 2, 2002, as supplemented by the COBALTS Supplement 2002-1 dated as of April 2, 2002, with Structured Products Corp. and the Trustee, has received notice that the Call Warrant Holder has exercised its right to purchase the term assets of the trust on November 15, 2007 (the "Redemption Date).

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