Saturns Trust Series 2001 4 Sample Contracts

Ms Structured Saturns Series 2001-4 – Structured Asset Trust Unit Repackagings (SATURNS) Series 2001-4 Trust Receipt of Notice of Intent to Exercise Call Options in Full (April 15th, 2011)

NEW YORK, NEW YORK – Structured Asset Trust Unit Repackagings (SATURNS), Cummins Engine Company Debenture-Backed Series 2001-4 (the “Trust”) (New York Stock Exchange Ticker Symbol “MJF”), announced today that it has received a notice of intent to exercise 8,834 Call Options representing the right to call $8,834,000 aggregate principal amount of the 5.65% Debentures of Cummins Engine Company (the “Bonds”) held by the Trust, on May 17, 2011 (the “Intended Settlement Date”). The Call Options with respect to which the notice of intended exercise has been received represent 100% of the outstanding Bonds held by the Trust. Under the terms of the Call Options, the party exercising the Call Options may rescind its notice of exercise at any time prior to the Intended Settlement Date by providing notice of rescission to the Trust, in which case settlement of such Call Options would not occur and the Call Options would continue in effect and could be exercised on a subsequent date. If the notice

Ms Structured Saturns Series 2001-4 – Structured Asset Trust Unit Repackagings (SATURNS) Series 2001-4 Trust Receipt of Notice of Intent to Exercise Call Options in Part (November 16th, 2010)

NEW YORK, NEW YORK – Structured Asset Trust Unit Repackagings (SATURNS), Cummins Engine Company Debenture-Backed Series 2001-4 (the “Trust”) (New York Stock Exchange Ticker Symbol “MJF”), announced today that it has received a notice of intent to exercise 1,500 Call Options representing the right to call $1,500,000 aggregate principal amount of the 5.65% Debentures of Cummins Engine Company (the “Bonds”) held by the Trust, on December 14, 2010 (the “Intended Settlement Date”). The Call Options with respect to which the notice of intended exercise has been received represent 14.52% of the outstanding Bonds held by the Trust. Under the terms of the Call Options, the party exercising the Call Options may rescind its notice of exercise at any time prior to the Intended Settlement Date by providing notice of rescission to the Trust, in which case settlement of such Call Options would not occur and the Call Options would continue in effect and could be exercised on a subsequent date. If the

Ms Structured Saturns Series 2001-4 – Structured Asset Trust Unit Repackagings (SATURNS) Series 2001-4 Trust Receipt of Notice of Intent to Exercise Call Options in Part (September 29th, 2010)

NEW YORK, NEW YORK – Structured Asset Trust Unit Repackagings (SATURNS), Cummins Engine Company Debenture-Backed Series 2001-4 (the “Trust”) (New York Stock Exchange Ticker Symbol “MJF”), announced today that it has received a notice of intent to exercise 15,000 Call Options representing the right to call $15,000,000 aggregate principal amount of the 5.65% Debentures of Cummins Engine Company (the “Bonds”) held by the Trust, on October 20, 2010 (the “Intended Settlement Date”). The Call Options with respect to which the notice of intended exercise has been received represent 59.21% of the outstanding Bonds held by the Trust. Under the terms of the Call Options, the party exercising the Call Options may rescind its notice of exercise at any time prior to the Intended Settlement Date by providing notice of rescission to the Trust, in which case settlement of such Call Options would not occur and the Call Options would continue in effect and could be exercised on a subsequent date. If the

Saturns Trust Series 2001 4 – TRUST AGREEMENT (June 6th, 2001)

TRUST AGREEMENT TRUST AGREEMENT, between MSDW Structured Asset Corp. (the "Depositor") and LaSalle Bank National Association (the "Trustee"), made as of the date set forth in Schedule I attached hereto, which Schedule together with Schedules II and III attached hereto, are made a part hereof and are hereinafter referred to collectively as the "Terms Schedule". The terms of the Standard Terms for Trust Agreements, dated July 7, 1999 (the "Standard Terms") are, except to the extent otherwise expressly stated, hereby incorporated by reference herein in their entirety with the same force and effect as though set forth herein. Capitalized terms used herein and not defined shall have the meanings defined in the Standard Terms. References to "herein", "hereunder", "this Trust Agreement" and the like shall include the Terms Schedule attached hereto and the Standard Terms so incorporated by reference. WHEREAS, the Depositor and the Trustee