Structured Asset Trust Unit Repackagings (SATURNS) Series 2004-7 Trust To liquidate its assets and terminate.

NEW YORK -- Structured Asset Trust Unit Repackagings (SATURNS), AT&T Corp. Debenture Backed Series 2004-7 Trust (the "Trust") (New York Stock Exchange Ticker Symbol "HJM"), announced today that a "Trust Wind Up Event" has occurred under the terms of the Trust Agreement governing the Trust and that the Trust will liquidate its assets and terminate. Settlement of a sale of the securities held by the Trust is expected to occur on February 8, 2006, and a liquidation distribution is expected to be made with respect to the Class A and Class B Units of the Trust on February 8, 2006.

The Trust Wind Up Event and requirement for termination of the Trust arose after the merger of AT&T Corp. with SBC Communications Inc. (now known as AT&T Inc.), following which AT&T Corp. became a subsidiary of AT&T Inc. Thereafter, AT&T Corp. withdrew from listing on the New York Stock Exchange ("NYSE") certain outstanding NYSE listed bonds of AT&T Corp. which had previously given rise to reporting obligations for AT&T Corp. under the Securities Exchange Act of 1934 (the "Exchange Act"). AT&T Corp. subsequently terminated its reporting obligations under the Exchange Act, and it is the stated intention of the parent of AT&T Corp., AT&T Inc., not to provide financial reporting information in relation to AT&T Corp. As a result, the Depositor of the Trust would be unable to meet its Exchange Act reporting obligations in relation to the Trust, which circumstance constitutes a Trust Wind Up Event.

CUSIP:    80411Q206 (Class A)
          80411QAA5 (Class B)

Symbol:   HJM