MS STRUCTURED ASSET CORP CBT SERIES 2003-1 - FORM 8-K - EX-99.1 CHARTER - SCHEDULE A, AMMENDED SCHEDULE OF PAYMENT ON CORPORATE BOND TRACERS UNITS - December 27, 2012

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EX-99.1 CHARTER - SCHEDULE A, AMMENDED SCHEDULE OF PAYMENT ON CORPORATE BOND TRACERS UNITS - MS STRUCTURED ASSET CORP CBT SERIES 2003-1	revisedscheduleadecember2012.pdf
8-K - SATURNS TRUST 2003-1 CBT FORM 8-K DECEMBER 2012 - MS STRUCTURED ASSET CORP CBT SERIES 2003-1	saturn20031cbt8k.htm

SCHEDULE OF PAYMENTS ON CORPORATE BOND TRACERS UNITS

The table below sets forth the anticipated Distribution Dates for the Corporate Bond

TRACERS Units and the anticipated distribution per Corporate Bond TRACERS Unit on each
Distribution Date. The schedule of payments will be amended upon the early redemption,
repayment or Mandatory Liquidation of any Underlying Security. A revised schedule of
payments will be filed with the SEC by the Trustee on Form 8-K and will be available from your
Morgan Stanley financial advisor upon request and the Trustee will provide notice of the change
to holders of the Corporate Bond TRACERS.

As of December 26, 2012, the Unit Principal Balance of a Corporate Bond TRACERS

Unit is $560, the Moody's rating for the Corporate Bond TRACERS Units is Baa2 and the S&P
rating for the Corporate Bond TRACERS Units is BBB-. There will not be any scheduled
payment of principal until the Distribution Date following January 15, 2013, the earliest date
upon which any of the Underlying Securities mature.

The amounts set forth under "Scheduled Trust Payments of Interest" below reflect the

deduction for expenses of an amount equal to 0.063% of the Unit Principal Balance from each
scheduled monthly payment from the Payment Counterparty to the Trust as described under

"Description of Corporate Bond TRACERS Units -- Expenses" in the prospectus supplement.

Distribution Date (1)

Scheduled Trust

Payments of

Effective Rate of

Interest (2)

Balance (3)

Monthly on the 25th of each

month beginning October 27, 2003

to and including November 25,

December 26, 2006

January 25, 2007 to and including

September 26, 2011

October 25, 2011

November 25, 2011 to and

including December 25,

January 25, 2012

February 27, 2012 to and including

If any Distribution Date is not a Business Day, the payment will be made on the next succeeding Business Day.

The October 27, 2003 Interest Payment will accrue from and including the Settlement Date to but excluding

October 27, 2003. The Effective Rate of Interest presented for each period is based on the applicable Unit Principal
Balance and not on the issue price of the Corporate Bond TRACERS Units.

The Unit Principal Balance is reduced following each scheduled payment of principal.