Corporate Backed Callable Trust Certificates, J.C. Penney Debenture-Backed Series 2007-1 Trust - FORM 10-K - EX-31 - EXHIBIT 31.1 RULE 15D - 14(D) CERTIFICATION BY SENIOR VICE PRESIDENT AND CONTROL

file	filename
10-K - JCPENNEY DB 2007-1 FORM 10K MAR 2017 - Corporate Backed Callable Trust Certificates, J.C. Penney Debenture-Backed Series 2007-1 Trust	jcpenneydb20071_10k_32017.htm
EX-35 - EXHIBIT 35 ITEM 1123 CERTIFICATION - Corporate Backed Callable Trust Certificates, J.C. Penney Debenture-Backed Series 2007-1 Trust	exhibit351.htm
EX-34 - EXHIBIT 34.1 ATTESTATION REPORT OF ERNST & YOUNG LLP - Corporate Backed Callable Trust Certificates, J.C. Penney Debenture-Backed Series 2007-1 Trust	exhibit341.htm
EX-33 - EXHIBIT 33.1 ITEM 1122 REPORT OF ASSESSMENT OF COMPLIANCE WITH APPLICABLE SERVIC - Corporate Backed Callable Trust Certificates, J.C. Penney Debenture-Backed Series 2007-1 Trust	exhibit331.htm

Exhibit 31.1

CERTIFICATION

I, Clifford S. Feibus, certify that:

I have reviewed this report on Form 10-K and all reports on Form 10-D required to be

filed in respect of the period covered by this report on Form 10-K of the Corporate Backed Callable Trust

Certificates, J.C. Penney Debenture-Backed Series 2007-1 Trust (the "Exchange Act periodic reports");

Based on my knowledge, the Exchange Act periodic reports, taken as a whole, do not

contain any untrue statement of a material fact or omit to state a material fact necessary to make the

statements made, in light of the circumstances under which such statements were made, not misleading

with respect to the period covered by this report;

Based on my knowledge, all of the distribution servicing and other information required

to be provided under Form 10-D for the period covered by this report is included in the Exchange Act

periodic reports;

Based on my knowledge and the servicer compliance statement required in this report

under Item 1123 of Regulation AB, and except as disclosed in the Exchange Act periodic reports, the

servicer has fulfilled its obligations under the servicing, or similar, agreement in all material respects;

and

All of the reports on assessment of compliance with servicing criteria for asset-backed

securities and their related attestation reports on assessment of compliance with servicing criteria for

asset-backed securities required to be included in this report in accordance with Item 1122 of

Regulation AB and Exchange Act Rules 13a-18 and 15d-18 have been included as an exhibit to this

report, except as otherwise disclosed in this report. Any material instances of noncompliance described

in such reports have been disclosed in this report on Form 10-K.

In giving the certifications above, I have reasonably relied on information provided to me by the

following unaffiliated party: U.S. Bank National Association, as Trustee.

Date: March 28, 2017

By:

/s/ Clifford S. Feibus

Name: Clifford S. Feibus

Title: Senior Vice President and Controller

(Senior Officer in charge of securitization of the Depositor)

Corporate Backed Callable Trust Certificates, J.C. Penney Debenture-Backed Series 2007-1 Trust - FORM 10-K - EX-31 - EXHIBIT 31.1 RULE 15D - 14(D) CERTIFICATION BY SENIOR VICE PRESIDENT AND CONTROL - March 30, 2017