CORPORATE BOND BACKED CERT TR SER 1998-NSC 1 - FORM 8-K - EX-99.1

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8-K - 8-K - CORPORATE BOND BACKED CERT TR SER 1998-NSC 1	d301409d8k.htm

Exhibit 99.1

TRUSTEE’S DISTRIBUTION STATEMENT


THE		TO THE HOLDERS OF:
BANK OF		Corporate Bond-Backed Certificates
NEW		Series 1998-NSC-1
YORK		Class A-1 Certificates
		CUSIP NUMBER: 219-87H-AN5


in accordance with the Standard Terms of Trust Agreements, The Bank of New York,
as trustee submits the following cash basis statement for the period ending :								November 15, 2016


INTEREST ACCOUNT
Balance as of May 16, 2016		$0.00
Schedule Income received on securities		$93,072.00
Unscheduled Income received on securities		$0.00
Interest Received on sale of securities		$0.00
LESS:
Distribution to Class A-1 Holders	$90,072.00
Distribution to Swap Counterparty	$0.00
Trustee Fees	$2,250.00
Fees allocated for third party expenses	$750.00
Balance as of November 15, 2016	Subtotal	$0.00

PRINCIPAL ACCOUNT
Balance as of May 16, 2016		$0.00
Scheduled Principal payment received on securities		$894,428.00
Principal received on sale of securities		$0.00
LESS:
Distribution to Class A-1 Holders	$894,428.00
Distribution to Swap Counterparty	$0.00
Balance as of November 15, 2016	Subtotal	$0.00
	Balance	$0.00

UNDERLYING SECURITIES HELD AS OF: November 15, 2016

$25,000,000 7.90% Notes

Issued by

NORFOLK SOUTHERN CORPORATION

CUSIP#: 655-844-AK4

CORPORATE BOND BACKED CERT TR SER 1998-NSC 1 - FORM 8-K - EX-99.1 - November 23, 2016