Pursuant to Section 13 ORor 15(d) of ~~The~~the ~~Securities Exchange Act of 1934~~

~~Date~~Securities ofExchange ~~Report~~Act ~~(Date~~ of ~~earliest~~1934 ~~event reported): November 26, 2012~~

Date of Report (Date of earliest event reported): December 26, 2012

MS Structured Asset Corp. (Issuer in Respect of SATURNS Trust No. 2003-1 CBT)

(Exact name of registrant as specified in its charter)

Delaware	001-16443	13-4026700
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

Delaware

~~Attention: In~~001-~~Young Chase 1585 Broadway, 2nd Floor New York, NY 10036~~16443

13-4026700

(State or other jurisdiction of
incorporation)

(Commission File Number)

(IRS Employer Identification No.)

1585 Broadway, New York, New York 10036

(Address of principal executive offices, including Zip Code)

Registrant's telephone number, including area code: (212) 761-~~2457~~2520

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. The Schedule of Payments on Corporate Bond Tracers Units was amended on December 26, 2012. Section 9 - Financial Statements and Exhibits Item 9.01 Financial Statements and Exhibits. (d) Exhibits (Exhibit No. Description) 99.1 Revised Schedule A, Ammended Schedule of Payment on Corporate Bond Tracers Units

[ ] 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.

This current report on Form 8-K relates to the monthly distribution reported to the holders of SATURNS Trust No. 2003-1 CBT, which was made on November 26, 2012.

Section 9 - Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits

(Exhibit No. Description)

99.1 Monthly distribution report pursuant to the Trust Agreement for the distribution on November 26, 2012.

SIGNATURES

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

		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: November 26, 2012	By:	/s/ Thais Hayum
		Name: Thais Hayum
		Title: Vice President

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: December 27, 2012

By: /s/ Christopher J. Nuxoll

Name: Christopher J. Nuxoll

Title: Vice President

Filing Compare · MS STRUCTURED ASSET CORP CBT SERIES 2003-1