Exhibit 99.1
Statement to Certificate Holders
To the holders of Core Investment Grade Bond Trust I Pass-Through
Certificates, Series 2002-1 (CUSIP: 00000XXX0) (the "Certficateholders"):
Reference is made to that certain Trust Agreement, dated as of November
20, 2002, among Core Bond Products LLC, as depositor, The Bank of New York, as
trustee (the "Trustee") and securities intermediary, and Banc of America
Securities LLC, as administrative agent (the "Trust Agreement") creating the
Core Investment Grade Bond Trust I. Capitalized terms used but not
specifically defined herein will retain the meanings ascribed to them in the
Trust Agreement.
As of the Distribution Date occurring an November 30, 2004, the Trustee
hereby provides the following information with respect to the Underlying
Notes:
Principal % of Aggregate Maturity
Issuer Coupon Amount Principal Amount Date
------ ------ ------ ---------------- -------
AMERICA GENERAL 4.411% $ 75,000,000.00 3.70% 11/30/2007
ARCHSTONE 4.861% $ 35,000,000.00 1.73% 11/30/2007
BANK OF AMERICA 3.761% $ 145,000,000.00 7.16% 11/30/2007
BOEING 4.761% $ 110,000,000.00 5.43% 11/30/2007
CARRAMERICA 5.261% $ 50,000,000.00 2.47% 11/30/2007
CATERPILLAR 3.751% $ 75,000,000.00 3.70% 11/30/2007
CENTEX 5.461% $ 35,000,000.00 1.73% 11/30/2007
CIT GROUP 5.761% $ 110,000,000.00 5.43% 11/30/2007
DOW CHEMICAL 5.161% $ 110,000,000.00 5.43% 11/30/2007
DUKE ENERGY 4.611% $ 110,000,000.00 5.43% 11/30/2007
ERP OPERATING 4.861% $ 50,000,000.00 2.47% 11/30/2007
FLEETBOSTON 4.391% $ 110,000,000.00 5.43% 11/30/2007
GENERAL XXXXX 3.901% $ 135,000,000.00 6.67% 11/30/2007
GMAC 6.311% $ 110,000,000.00 5.43% 11/30/2007
ILFC 5.491% $ 110,000,000.00 5.43% 11/30/2007
XX XXXXXX 4.471% $ 135,000,000.00 6.67% 11/30/2007
KIMCO REALTY 4.961% $ 35,000,000.00 1.73% 11/30/2007
MBNA 5.711% $ 100,000,000.00 4.94% 11/30/2007
OCCIDENTAL 4.101% $ 75,000,000.00 3.70% 11/30/2007
SLM CORP 3.821% $ 110,000,000.00 5.43% 11/30/2007
VALERO ENERGY 6.311% $ 50,000,000.00 2.47% 11/30/2007
VODAFONE 4.161% $ 150,000,000.00 7.41% 11/30/2007
----------------------------
$2,025,000,000.00 100.00%
============================
The aggregate interest balance due and not paid on the Underlying Notes
as of the Distribution Date is $0.00.
Pursuant to Section 4.02(a) of the Trust Agreement, the Trustee hereby
also provides notice of the following with respect to the Distribution Date:
1. The amount of distributions to Certificateholders on the Distribution
Date allocable to the principal or interest portion of Available
Funds, or the amount of premiums, if any, payable to
Certificateholders as a result of the optional redemption of
Underlying Notes, is as set forth below (expressed as a Dollar amount
per minimum denomination of Certificates):
Premium Amount
Total Amount Payable Distribution Amount Distribution Amount Payable as a Result
to Certificateholders Allocable to Interest Allocable to Principal of Optional Redemption
--------------------- --------------------- ---------------------- ----------------------
$23.6367 $23.6367 $0.00 $0.00
2. At the close of business on the Distribution Date, the aggregate
Certificate Principal Balance was $2,025,000,000.00.
3. The amount received by the Trustee on the related Underlying Notes
for the applicable Underlying Note Accrual Period was $47,904,875.00
4. The aggregate principal amount of the Underlying Notes as of the
Distribution Date was $2,025,000,000.00. The weighted average
interest rate per annum to the Underlying Notes for the next
succeeding Underlying Note Accrual Period, assuming no optional
redemption of any Underlying Notes, is 4.731346%.
The Bank of New York, as Trustee
By: /s/ Xxxxxx Xxxxxx
--------------------------------------------
Name: Xxxxxx Xxxxxx
Title Assistant Treasurer
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