Exhibit 99.2

Report Of Independent

Registered Public Accounting Firm

To the Board of Directors

Structured Obligations Corporation

New York, New York

We have examined the compliance of Structured Obligations Corporation

(Depositor) and U.S. Bank National Association (Trustee) with the Base Trust

Agreement and the Select Notes Trust Supplement LT 2003-3 (the Agreements)

relating to the administration of the underlying securities and related credit

support deposited in or held by the Select Notes Trust LT 2003-3 for the year ended

December 31, 2009. Depositor’s management is responsible for compliance with

those requirements. Our responsibility is to express an opinion on compliance with

the Agreements based on our examination.

Our examination was conducted in accordance with the standards of the Public

Company Accounting Oversight Board (United States) and, accordingly, included

examining, on a test basis, evidence about Depositor’s and Trustee’s compliance

with those requirements described above and performing such other procedures as

we considered necessary in the circumstances. We believe that our examination

provides a reasonable basis for our opinion. Our examination does not provide a

legal determination of Depositor’s and Trustee’s compliance with specified

requirements.

In our opinion, Depositor and Trustee complied, in all material respects, with the

requirements described above of the Agreements for the year ended December 31,

2009.

This report is intended solely for the information and use of Structured Obligations

Corporation, U.S. Bank National Association, the Securities and Exchange

Commission and the Certificate Holders of the Select Notes Trust LT 2003-3, and is

not intended to be, and should not be used by anyone other than those specified

parties.

/s/ RubinBrown LLP  

St. Louis, Missouri

March 2, 2010