Attached files

file filename
10-K - MS Structured SATURNS Series 2007-1sat20071-10k0324.htm
EX-31.1 - MS Structured SATURNS Series 2007-1sat20071-10kex3110324.htm
EX-31.2 - MS Structured SATURNS Series 2007-1sat20071-10kex312_030324.htm
EX-34.1 - MS Structured SATURNS Series 2007-1sat20071-10kex3410324.htm
EX-33.1 - MS Structured SATURNS Series 2007-1sat20071-10kex3310324.htm

Exhibit 35.1

 

[U.S. Bank National Association Letterhead]

 

 

Annual Statement of Compliance

SATURNS Trust No. 2007-1

 

VIA: EMAIL

 

MS Structured Asset Corp.

1585 Broadway

New York, New York 10036

 

Reference is made to the Trust Agreement (the “Agreement”), between MS Structured Asset Corp., as Depositor and U.S. Bank National Association, as Trustee, as successor-in-interest to Bank of America, National Association, as Trustee, as successor by merger to LaSalle Bank National Association, as Trustee, for SATURNS Trust No. 2007-1, dated March 1, 2007, together with Schedules I, II and III attached thereto, and the Standard Terms for Trust Agreements, between MS Structured Asset Corp., as Depositor and U.S. Bank National Association, as Trustee, as successor-in-interest to Bank of America, National Association, as Trustee, as successor by merger to LaSalle Bank National Association, as Trustee dated April 13, 2006. Capitalized terms used herein and not defined shall have the meanings defined in the Trust Agreement and the Standard Terms for Trust Agreements.

 

I, Kimberly O. Jacobs, a Senior Vice President of U.S. Bank National Association as successor-in-interest to Bank of America, National Association, as successor by merger to LaSalle Bank National Association, as Trustee hereby certify that:

 

1.       A review of the activities of the Trustee during the preceding calendar year and of the performance of the under the Agreement has been made under my supervision; and

 

2. To the best of my knowledge, based on such review, the Trustee has fulfilled all its obligations under the Agreement in all material respects throughout such year except as follows:

 

1122(d)(3)(i) The 10-D report required to be filed on or before March 16, 2013 was filed on March 22, 2013 due to an internal notification error. The late filing was identified through normal review. Additional controls have been instituted successfully to ensure timely filings.

 

 

Capitalized terms used but not defined herein have the meanings set forth in the Agreement.

 

 

 

 

Date: 3/14/2014

 

U.S. Bank National Association as successor-in-interest to Bank of America, National Association as successor by merger to LaSalle Bank National Association, as Trustee

 

 

 

/s/ Kimberly O. Jacobs            

Kimberly O. Jacobs

Senior Vice President