Select Notes Trust LT 2003-1 May 2025 distribution: $158,750 interest received, no principal loss

STRUCTURED OBLIGATIONS CORP SELECT NOTES TRUST LT SER 2003-1

Trust received $158,750 interest from Target Corp 6.350% bond during the interest period.
Total interest distributed to certificateholders: $208,278.25, including $49,791.67 in advances.
Net advances owed to Advancing Party: $760,895.67; no principal distributed or lost.
52,290 certificates outstanding with 80.875884% factor equating to $42,290,000 notional amount.

item 8.01item 9.01

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