02/09/12 -- U.S. Bank Trust National Association, as Trustee, under the Standard Terms for Trust Agreements dated as of January 16, 2001, as supplemented by the Series Supplement dated as of September 6, 2001, as amended in respect of the Corporate Backed Trust Certificates, Goodyear Tire & Rubber Note-Backed Series 2001-34 Trust with Lehman ABS Corporation, as depositor, received notice that the Call Warrants Holder has exercised its right to purchase all of the outstanding 4,362,750 Class A-1 Corporate Backed Trust Certificates and $6,232,500 stated principal amount Class A-2 Corporate Backed Trust Certificates on February 15, 2012 at the Call Price and effect an Optional Exchange for the Underlying Securities. THE EXERCISE OF THE CALL WARRANTS IS CONDITIONAL UPON RECEIPT BY THE TRUSTEE OF THE WARRANT EXERCISE 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 the Certificates will be redeemed in full on the Redemption Date at a price of $10 principal plus $0.331111111 accrued interest per Class A-1 Certificate and $207.508446049 principal per $1,000 stated principal amount Class A-2 Certificate. The Class A-2 Certificates are principal-only certificates and will not receive payment of interest. No interest will accrue on the Certificates after the Redemption Date. 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 Warrants 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 redemption, Certificate Holders with questions may contact our Bondholder Services at (800) 934-6802. *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 this notice. It is included solely for the convenience of the certificateholders. Contact: Bondholder Services, (800) 934-6802

QUANTUMONLINE.COM SECURITY DESCRIPTION:  Lehman ABS Corp., 8.00% Corporate Backed Trust Certificates, Series 2001-34, Class A-1, price to the public $10. The underlying securities are the 7% Notes due 2028 issued by Goodyear Tire & Rubber Co. (NYSE: GT). The certificates pay 8.00% per annum distributions semiannually on 3/15 & 9/15 to holders of record one day prior to the payment date. Certificates are callable at the option of the call warrant holder on or after 9/06/2006 at $10 per certificate plus accrued and unpaid interest. Certificate ratings at the IPO were BBB by S&P and Baa3 by Moody's. Lehman ABS Corp. is an indirect wholly-owned subsidiary of Lehman Brothers Inc. (NYSE: LEH). For further information on the Corporate Backed Trust Certificates, see the IPO Prospectus by clicking on the ‘Link to IPO Prospectus’ provided below.

Stock Exchange	Cpn Rate Ann Amt	LiqPref CallPrice	Call Date Matur Date	Moodys/S&P Dated	Distribution Dates	15% Tax Rate
NYSE Chart	8.00% $0.80	$10.00 $10.00	Called for 2/15/2012 3/15/2028	B1 B+ 2/17/2012	3/15 & 9/15 Click for MW ExDiv Date Click for Yahoo ExDiv Date	No

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HOME PAGE:     http://www.lehman.com/ (This parent company URL is for reference only and does not have specific information on the security.)

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Address and Phone Numbers

Address:   200 Vesey Street, 24th Floor, New York, NY 10285
Main Phone Number	212-526-7000
Fax Number	212-526-3738
Toll Free Phone Number	800-666-2388