STRUCTURED ASSET TRUST UNIT REPACKAGINGS (SATURNSSM) Supplemental Trust Agreement No. 1 For the Trust Specified in Annex AStructured Asset Trust Unit Repackagings • July 25th, 2005 • MS Structured Saturns Series 2003-1 • Asset-backed securities
This Supplemental Trust Agreement No. 1, dated as of July 20, 2005 (this “Supplemental Trust Agreement No. 1”), is entered into by and among MS Structured Asset Corp. as Depositor for the Trust specified in Annex A (the “Depositor”) and LaSalle Bank National Association as Trustee for the Trust specified in Annex A (the “Trustee”), and is entered into with respect to the Trust Agreement entered into by the Depositor and the Trustee with respect to the Trust specified in Annex A (the “Trust Agreement”). Capitalized terms used but not otherwise defined herein shall have the respective meanings set forth in the Trust Agreement.
