Conditional Full Redemption of Corporate Backed Trust Certificates, Prudential Financial Note-Backed Series 2003-20 Trust 1,0...

NOTICE IS HEREBY GIVEN

, pursuant to the terms of the Standard Terms for Trust Agreements dated as of January 16, 2001, between Lehman ABS Corporation, as Depositor, and U.S. Bank Trust National Association, as Trustee, as supplemented by the Series Supplement, Prudential Financial Note-Backed Series 2003-20, dated as of December 22, 2003 as supplemented (the "Trust Agreement") in respect of the Corporate Backed Trust Certificates, Prudential Financial Note-Backed Series 2003-20 Trust (NYSE: JZH) (the "Trust"), that certain 

Call Warrant Holders have exercised their rights to purchase the remaining 1,092,500 total outstanding Class A-1 Corporate Backed Trust Certificates (the "Class A-1 Certificates") and $1,187,500.00 total outstanding principal amount Class A-2 Corporate Backed Trust Certificates (the "Class A-2 Certificates") (together, the "Certificates")

on July 27, 2012 (the "Call Date" and "Redemption Date") each at the related Call Price, and effect an Optional Exchange for the remaining total $28,500,000.00 face amount Prudential Financial, Inc. 5.75% Medium-Term Notes, Series B due July 15, 2033 CUSIP 74432QAC9* held as the Underlying Securities by the Trust.

THE EXERCISE OF THE CALL WARRANTS IS CONDITIONAL UPON RECEIPT BY THE TRUSTEE OF THE CALL PRICE WITH RESPECT TO SUCH EXERCISE ON THE REDEMPTION DATE. THERE CAN BE NO ASSURANCE THAT THE CALL WARRANTS WILL IN FACT BE EXERCISED ON THE REDEMPTION DATE.

If the Trustee receives the Call Price by 10:00 a.m. (New York City time) on the Redemption Date, then 1,092,500 Class A-1 Certificates and $1,187,500.00 principal amount Class A-2 Certificates described above will be selected for redemption on the Redemption Date at a price of $25.00 principal plus $0.050000000 accrued interest to the Redemption Date per Class A-1 Certificate and $193.247481634 principal per $1,000 stated principal amount Class A-2 Certificate (the "Call Price"). The total payment of the Redemption Amount on the Class A-1 Certificates will be $27,367,125.00, consisting of $27,312,500.00 principal and $54,625.00 accrued interest. The total payment of the Redemption Amount on the Class A-2 Certificates will be $229,281.48, consisting entirely of principal. The Class A-2 Certificates are principal-only Certificates and will not receive payment of interest. No further interest or principal will accrue after the Redemption Date on the Certificates selected for redemption. If the Trustee does not receive the Call Price, then (i) the Certificates issued by the Trust will continue to accrue interest as if no exercise notice had been given and (ii) the call warrant holder may elect to deliver a conditional notice of exercise in the future.

This press release is being issued by U.S. Bank Trust National Association as trustee of the Trust. For more information about this conditional partial redemption, Holders with questions may contact Bondholder Services at [phone].

U.S. Bank Trust National Association, as Trustee

*U.S. Bank shall not be held responsible for the selection or the use of the CUSIP number, nor is any representation made as to its correctness indicated in the Notice. It is included solely for the convenience of the Holders.

Contact: Bondholder Services [phone]