Securities Exchange Act of 1934 - Release No. 52236

August 10, 2005

A notice has been issued giving interested persons until September 2, 2005 to comment on the application of MS Structured Asset Corp. to withdraw its SATURNS Sears Roebuck Acceptance Corp. Debenture-Backed Series 2003-1 Callable Units, from listing and registration on the New York Stock Exchange, Inc.