8-K 1 selectnotes_2003-38k.htm SELECT NOTES TRUST LT 2003-3 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): July 15, 2004


                            Structured Obligations Corporation 

            (Exact name of registrant as specified in its charter)


Delaware                    001-32013     13-3741177
(State or other             (Commission   (IRS Employer
jurisdiction of             File Number)  Identification
incorporation or                          Number)
organization)

270 Park Avenue, New York, New York                             10013
(Address of principal executive offices)                      (Zip Code)
Registrant's telephone number including area code (212) 834-6000.

Item 1. Changes in Control of Registrant.

Not Applicable.

Item 2. Acquisition or Disposition of Assets.

Not Applicable.

Item 3. Bankruptcy or Receivership.

Not Applicable.

Item 4. Changes in Registrant's Certifying Accountant.

Not Applicable.

Item 5. Other Events.

Each issuer of an underlying security, or guarantor thereof, or successor thereto, as
applicable, which represents ten percent (10%) or more of the aggregate principal amount of
all securities held by the trust is subject to the information reporting requirements of
the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Periodic reports and
other information required to be filed pursuant to the Exchange Act, by an issuer of an
underlying security, or guarantor thereof, or successor thereto, as applicable, may be
inspected and copied at the public reference facilities maintained by the Securities and
Exchange Commission (the "Commission") at 450 Fifth Street, N.W., Washington, D.C.
20549. The Commission also 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 system. Neither Structured Obligations Corporation
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
Structured Obligations Corporation nor the trustee has verified the accuracy or
completeness of such documents or reports. There can be no assurance that events affecting
an issuer of an underlying security, or guarantor thereof, or successor thereto, as
applicable, or an underlying security have not occurred or have not yet been publicly
disclosed which would affect the accuracy or completeness of the publicly available
documents described above.

Item 6. Resignations of Registrant's Directors.

Not Applicable.

Item 7. Financial Statements, Pro-Forma Financial Information and Exhibits.

(a) Not Applicable.

(b) Not Applicable.

1. Trustee's Report with respect to the July 15, 2004
Distribution Date for the Select Notes Trust LT 2003-3

Item 8. Change in Fiscal Year

Not Applicable.

Item 9. Regulation FD Disclosure

Not Applicable.




                                         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.





                                        By: /s/ Chadwick S. Parson      
                                        Name:  Chadwick S. Parson
                                        Title:  President








July 16, 2004



EXHIBIT INDEX


Exhibit                                                                    Page

   1     Trustee's Report with respect to the July 15, 2004                 6
         Distribution Date for the Select Notes Trust LT 2003-3

Exhibit 1

To the Holders of:
Select Notes Trust LT 2003-3
Long Term Certificates Series 2003-3
*CUSIP: 81619PAC1

U.S. Bank Trust National Association, as Trustee for the Select Notes Trust LT 2003-3 (the
"Trust"), hereby gives notice with respect to Interest Period commencing on the day after
June 15, 2004 to and including the July 15, 2004 (the "Interest Period") in respect of the
July 15, 2004 Interest Distribution Date (the "Interest Distribution Date") as follows:

1. The amount of interest received by the Trust during the Interest Period is
as set forth below (each Certificate holder's pro rata portion of this
amount is the amount to be included in such Certificate holder's Form 1099).
$ 118,125.00

a. Per certificate held amount of interest income to be included in
Form 1099 for the year ending December 31, 2004 is set forth below.
$ 3.322785

2. The total of all interest distributed to Certificate holders during the
Interest Period is set forth below.
$169,020.00

3. Total amount of advances made to the Trustee on the $ 50,896.00
Interest Distribution Date is

4. The total amount of advances repaid to the Advancing Party $ 0.00
during the Interest Period is

5. The net total of advances made during the $
Interest Period is 50,896.00

a. The net amount owed by the Trust to the Advancing Party as of the
Close of business on the Interest Distribution Date is set forth
below.
$ 576,724.00

6. The total amount of interest expense paid to the Advancing Party on the
Interest Distribution Date is set forth below (each Certificateholder's
pro rata portion of this amount should be included in a footnote to such
Certificateholder's Form 1099 indicating that such amount should
constitute investment indebtedness interest, which can be deducted by
non-corporate taxpayers to the extent of such net investment income).
$ 12,500.00

a. Per certificate held amount of interest expense to be included in Form
1099 for the year ending December 31, 2004 is set forth below.
$ 0.351617

7. At the close of business on the Interest Distribution Date, there were
35,550 Certificates outstanding.

8. Payments made on Underlying Securities during the Interest period are as
set forth below.

Payment Date Description of Underlying Security Principal Interest
07/15/04 EOP Operating Limited Partnership $ 0.00 $118,125.00
7.875% Notes due July 15, 2031.

U.S. Bank Trust National Association, as Trustee

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