UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

~~WASHINGTON~~Washington, D.C. 20549

_______________________

FORM 8-K

_______________________

CURRENT REPORT

~~PURSUANT~~Pursuant TOto ~~SECTION~~Section 13 OR 15 (d) OFof ~~THE~~The Securities Exchange Act of 1934

~~SECURITIES~~Date ~~EXCHANGE~~of ~~ACT~~Report OF(Date ~~1934~~of earliest event reported): July 18, 2012

~~Date~~MS ofStructured ~~report~~Asset Corp. (~~Date~~Issuer ofin ~~earliest~~Respect ~~event~~of ~~reported):~~TILES ~~July~~Trust ~~16,~~No. ~~2012~~2005-1)

(Exact ~~Name~~name of ~~Registrant~~registrant as ~~Specified~~specified in ~~Charter~~its charter)

Delaware	333-101155	13-4026700
(State or Other Jurisdiction of Incorporation)	(Commission File Numbers)	(IRS Employer Identification No.)
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)
Attention: Joshua Schanzer 1585 Broadway, 3rd Floor New York, New York		10036
(Address of Principal Executive Offices)		(Zip Code)
Registrant’s telephone number, including area code: 212-761-2457
	Not Applicable
(Former Name or Former Address, if Changed Since Last Report)

Attention: Joshua Schanzer, 1585 Broadway, 3rd Floor, New York, New York 10036

(Address of principal executive offices, including Zip Code)

Registrant's telephone number, including area code: (212) 761-2904

N/A

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Section 8 - Other Events

Item 8.01 . Other Events.

OnThis ~~July~~current ~~16,~~report ~~2012,~~on ~~Morgan~~Form ~~Stanley~~8-K ~~Capital~~relates ~~Services LLC (“MSCS”), the swap counterparty~~ to ~~TILES Trust No. 2005-1 under an interest rate swap transaction dated January 6, 2006 (~~the ~~"ISDA~~final ~~Agreement"),~~distribution ~~provided~~reported ~~notice~~ to the ~~Trust~~holders ~~and the Trustee that in accordance with the terms~~ of ~~the~~TILES ~~ISDA Agreement MSCS, as the Non-Affected Party has calculated the amount due to MSCS under Section 6(e) of the ISDA Agreement in connection with the~~ Trust ~~Wind-Up Event and Additional Termination Event under the ISDA Agreement that occurred on July 12, 2012~~No. As ~~a result of the amount payable to MSCS~~2005-1, ~~the~~which ~~funds~~was ~~available~~made ~~for distribution to the holders of the Units~~ on July 18, 2012 ~~will be equal to $459~~.~~98 of Principal per $1,000 Unit and $10.17 of Interest Accrued and Unpaid per $1,000 Unit. A copy of the notice received from MSCS is attached as Exhibit 99.1 hereto.~~

Section 9 - Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

(Exhibit No. Description)

99.1 Final distribution report pursuant to the Trust Agreement for the distribution on July 18, 2012.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the ~~Registrant~~registrant has duly caused this report to be signed on its behalf by the undersigned ~~hereto~~hereunto duly authorized.

Date: July 18, 2012

		U.S. Bank National Association as successor-in-interest to Bank of America, National Association as successor by merger to LaSalle Bank National Association, in its capacity as Trustee Under the Trust Agreement on behalf of MS Structured Asset Corp., Registrant

Date: July 20, 2012	By:	/s/ Thais Hayum
		Name: Thais Hayum
		Title: Vice President

MS STRUCTURED ASSET CORP.

(Registrant)

By: /s/ In-Young Chase Name: In-Young Chase Title: Vice President

EXHIBIT INDEX

Exhibit 99.1 Statement Under Section 6(d)(i) of the ISDA Master Agreement, dated July 16, 2012 (attachments omitted).

Filing Compare · MS STRUCTURED TILES SERIES 2005-1