Item 6. Selected Financial Data - ------- ----------------------- Not Applicable
Item 7.
Item 7. Management's Discussion and Analysis of Financial Condition and - ------- ---------------------------------------------------------------------- Results of Operations --------------------- Not Applicable
Item 7A.
Item 7A. Quantitative and Qualitative Disclosures About Market Risk - -------- ---------------------------------------------------------- Not Applicable
Item 8.
Item 8. Financial Statements and Supplementary Data - ------- ------------------------------------------- None
Item 9.
Item 9. Changes In and Disagreements With Accountants on Accounting and - ------- ---------------------------------------------------------------------- Financial Disclosure -------------------- None
PART III --------
Item 10.
Item 10. Directors and Executive Officers of the Registrant - -------- -------------------------------------------------- None
Item 11.
Item 11. Executive Compensation - -------- ---------------------- Not Applicable
Item 12.
Item 12. Security Ownership of Certain Beneficial Owners and Management - -------- --------------------------------------------------------------- Information required by Item 201(d) of Regulation S-X: Not Applicable Information required by Item 403 of Regulation S-X: None
Item 13.
Item 13. Certain Relationships and Related Transactions - -------- ---------------------------------------------- None
Item 14.
Item 14. Controls and Procedures - -------- ----------------------- Not Applicable
PART IV
Item 15.
Item 15. Exhibits, Financial Schedules and Reports on Form 8-K - -------- -----------------------------------------------------
(a) The following documents have been filed as part of this Report.
3. Exhibits:
99.1 - Certification by the President of the Registrant pursuant to 15 U.S.C. Section 7241, as adopted pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
99.2 - Annual Compliance Report by Trustee.
(b) The Form 8-Ks of the Select Notes Trust LT 2003-2 (the "Trust") which relate to periods covered by this annual report include (i) the Trust's Current Report on Form 8-K for the distribution date occurring on June 15, 2003 and filed on June 27, 2003, (ii) ) the Trust's Current Report on Form 8-K for the distribution date occurring on July 15, 2003 and filed on September 5, 2003, (iii) the Trust's Current Report on Form 8-K for the distribution date occurring on August 15, 2003 and filed on August 29, 2003, (iv) the Trust's Current Report on Form 8-K for the distribution date occurring on September 15, 2003 and filed on September 30, 2003, (v) the Trust's Current Report on Form 8-K for the distribution date occurring on October 15, 2003 and filed on October 30, 2003, (vi) the Trust's Current Report on Form 8-K for the distribution date occurring on November 15, 2003 and filed on November 26, 2003, and (vii) the Trust's Current Report on Form
8-K for the distribution date occurring on December 15, 2003 and filed on December 30, 2003 (amended by Form 8-K/A filed on December 30, 2003).
(c) See Item 15(a) above.
(d) Not Applicable.
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) 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.
STRUCTURED OBLIGATIONS CORPORATION, as trustor for the Trust Registrant
By: /s/ Chadwick S. Parson --------------------------------- Name: Chadwick S. Parson Title: President
Dated: March 29, 2004
Exhibit 99.1
CERTIFICATION -------------
I, Chadwick S. Parson, certify that:
1. I have reviewed this annual report on Form 10-K, and all reports on Form 8-K containing distribution or servicing reports filed in respect of periods included in the year covered by this annual report, of the Select Notes Trust LT 2003-2;
2. Based on my knowledge, the information in these reports, taken as a whole, does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading as of the last day of the period covered by this annual report;
3. Based on my knowledge, the distribution or servicing information required to be provided to the depositor by the trustee under the pooling and servicing, or similar, agreement, for inclusion in these reports is included in these reports;
4. I am responsible for reviewing the activities performed by the depositor and the trustee under the pooling and servicing, or similar, agreement and based upon my knowledge and the annual compliance review required under that agreement, and except as disclosed in the reports, the depositor and the trustee have each fulfilled its obligations under that agreement.
In giving the certifications above, I have reasonably relied on information provided to me by the following unaffiliated parties: U.S. Bank Trust National Association.
By: /s/ Chadwick S. Parson --------------------------------- Name: Chadwick S. Parson Title: President Structured Obligations Corporation Date: March 29, 2004
Exhibit 99.2
CERTIFICATION -------------
The undersigned, being an officer of U.S. Bank Trust National Association, as trustee (the "Trustee") of the Select Notes Trust LT 2003-2 (the "Trust") hereby makes the following certifications for inclusion as an exhibit to the Trust's annual report on Form 10-K for the fiscal year ended December 31, 2003 (the "Annual Report"):
1. The Trustee is the trustee under the Trust's trust agreement.
2. Based on my knowledge, for the period covered by the Annual Report, the Trustee has fulfilled its obligations under the Trust's trust agreement.
/s/ Beverly A. Freeney ----------------------------------- Name: Beverly A. Freeney Title: Vice President Date: March 29, 2004