8-K

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

_________

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported): November 16, 2009

Trust Certificates (TRUCs), Series 2002-1 Trust

(Exact name of registrant as specified in its charter)

New York	333-58504-05	13-4164633
(State or other jurisdiction          of incorporation)	(Commission file number)	(I.R.S. employee identification no.)
c/o U.S. Bank Trust National Association 100 Wall Street, Suite 1600 New York, New York		10005
(Address of principal executive offices)		(Zip code)

Registrant’s telephone number, including area code: (212)-623-0069

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any following provisions (see General Instruction A.2. below):

[  ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[  ] Soliciting material pursuant to Rule 14a-12(b) under the Exchange Act (17 CFR 240.14a-12(b))

[  ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[  ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 8.01               Other Events.

On November 16, 2009 a distribution was made to the holders of the Class A-1 Certificates issued by the Trust. Specific information with respect to the distribution is filed as Exhibit 99.1 hereto. No other reportable transactions or matters have occurred during the current reporting period.

Item 9.01               Financial Statements, Pro-Forma Financial Information and Exhibits.

(a)           Not Applicable.

(b)           Not Applicable.

(c)           Exhibits.

99.1           Trustee’s Report in respect of the November 16, 2009 Distribution Date

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SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

Trust Certificates (TRUCs), Series 2002-1 Trust
By:	U.S. Bank Trust National Association, not in its individual capacity, but solely as  Trustee on behalf of Trust Certificates
	(TRUCs), Series 2002-1 Trust
By:	/s/ David J. Kolibachuk
	Name:  David J. Kolibachuk
	Title:    Vice President

Dated:   November 16, 2009

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EXHIBIT INDEX

Exhibit		Page
99.1	Trustee’s Report in respect of the November 16, 2009 Distribution Date	5

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EX-99.1

Exhibit 99.1

To the Holders of

Trust Certificates (TRUCs), Series 2002-1

*CUSIP: 89826W104

In accordance with Section 4.03 of the Standard Terms for Trust Agreements dated as of June 19, 2001 as supplemented by the Series Supplement Trust Certificates (TRUCs) Series 2002-1 Trust dated as of March 28, 2002 between Bear Stearns Depositor Inc., as Depositor, and U.S. Bank Trust National Association, as Trustee, U.S. Bank Trust National Association, as Trustee of the Trust Certificates (TRUCs), Series 2002-1 Trust hereby gives notice with respect to the distribution occurring on November 16, 2009 (the “Distribution Date”) as follows:

(i)   the amount received by the Trustee in respect of principal, interest and premium on the Underlying Securities during the period ending on the Distribution Date is as follows:

Principal:	$	0.00
Premium:	$	0.00
Interest:	$	1,237,005.00

(ii)   the amount of the distribution on the Distribution Date to holders of TRUCs allocable to principal of and premium, if any, and interest or dividends was as follows:

		Class A-1
Principal:	$	0.00
Premium:	$	0.00
Interest:	$	0.00
Dividends:	$	1,232,000.00
Dividends Per $25 unit:	$	0.9625

(iii)   the Trustee received no compensation from the Trust for the period relating to the Distribution Date, however, $5,005.00 (or $0.003910 per $25 unit) was remitted to the Depositor for the payment of Trust Expenses in accordance with Section 5 (a) (i) (3) of the Series Supplement.

(iv)   the Underlying Securities are $32,130,000 principal amount of Ford Motor Company. 7.70% Debentures due May 15, 2097 (*CUSIP: 345370BS8) and the current rating of such Underlying Securities by Standard & Poor's Ratings Services is "B-" and by Moody's Investors Service, Inc. is "Caa1".  Ford Motor Company, the issuer of the underlying securities, is subject to the information reporting requirements of the Securities Exchange Act of 1934 (the "Exchange Act").  For information on Ford Motor Company, refer to the current and periodic reports and other information required to be filed pursuant to the Exchange Act by Ford Motor Company under its Exchange Act file number, 001-03950.  The Commission maintains a site on the World Wide Web at http://www.sec.gov" at which users can view and download copies of reports, proxy and information statements and other information filed electronically through the Electronic Data Gathering, Analysis and Retrieval (EDGAR) system. Neither Bear Stearns Depositor Inc. nor the Trustee has participated in the preparation of such reporting documents, or made any due diligence investigation with respect to the information provided therein. Neither Bear Stearns

Depositor Inc. nor the Trustee has verified the accuracy or completeness of such documents or reports.  There can be no assurance that events affecting Ford Motor Company or the underlying securities have not occurred or have not yet been publicly disclosed which would affect the accuracy or completeness of the publicly available documents described above.

(v)   the aggregate Certificate Principal Balance of the TRUCs at the close of business on the Distribution Date was as set forth below:

Class A-1

$32,000,000 (1,280,000 $25 units)

U.S. Bank Trust National Association, as Trustee

November 16, 2009

*The Trustee shall not be held responsible for the selection or use of the CUSIP numbers nor is any representation made as to its correctness.  It is included solely for the convenience of the Holders.

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