LEHMAN ABS CORP HSBC DEBENTURE BACKED SERIES 2003-4 - FORM 8-K - EX-99 - January 22, 2010

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8-K - LEHMAN ABS CORP HSBC DEBENTURE BACKED SERIES 2003-4mm01-2210hsbc20034_8k.txt
 

                                                                    Exhibit 99.1

                        TRUSTEE'S DISTRIBUTION STATEMENT

To the Holders of:
Corporate Backed Trust Certificates, HSBC Debenture-Backed Series 2003-4
*CUSIP:    21988G296          Class     A-1
           21988GCG9          Class     A-2A
           21988GCH7          Class     A-2B

In accordance with the Standard Terms for Trust Agreements, U.S. Bank Trust
National Association, as Trustee, submits the following cash basis statement for
the period ending January 15, 2010.

INTEREST ACCOUNT
----------------


Balance as of July 15, 2009.....................................          $0.00
         Scheduled Income received on securities................  $2,014,344.00
         Unscheduled Income received on securities..............          $0.00

LESS:
         Distribution to Class A-1 Holders...................... -$1,748,562.50
         Distribution to Class A-2A Holders.....................   -$265,781.50
         Distribution to Class A-2B Holders.....................         -$0.00
         Distribution to Depositor..............................         -$0.00
         Distribution to Trustee................................         -$0.00
Balance as of January 15, 2010..................................          $0.00


PRINCIPAL ACCOUNT
-----------------


Balance as of July 15, 2009.....................................          $0.00
         Scheduled principal payment received on securities.....          $0.00

LESS:
       Distribution to Holders..................................         -$0.00
Balance as of January 15, 2010..................................          $0.00


                UNDERLYING SECURITIES HELD AS OF January 15, 2010

           Principal
            Amount                        Title of Security
           ---------                      -----------------
          $55,954,000     Republic New York Corporation, predecessor to HSBC USA
                          Inc. 7.20% Subordinated Debentures due July 15, 2097
                          *CUSIP: 760719BH6

U.S. Bank Trust National Association, as Trustee

*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