November 19, 2010 -- Structured Asset Trust Unit Repackagings (SATURNS), Aon Capital Security Backed Series 2003-3 (New York Stock Exchange Ticker Symbol “DKK”), announced today that it has received a notice of exercise notifying the Trust of the intended exercise of 100% of the outstanding Call Options representing the right to acquire 41,608,000 principal amount of the Bonds (which represents 100% of the Bonds held by the Trust), at a price equal to 100% of the principal amount of such Bonds plus accrued interest for settlement on December 6, 2010; with the Call Option holder also required to pay the Class B Present Value Amount specified under the Call Options in connection with such Intended Settlement Date. Under the terms of the Call Options, the exercise of the Call Options may be rescinded prior to the Intended Settlement Date, in which case settlement of the relevant Call Options would not occur and the Call Options would continue in effect and could be exercised on a subsequent date. If settlement of the Call Options occurs pursuant to the notice of exercise on the Intended Settlement Date, then Class A Unitholders will receive the par value ($25) plus accrued interest of each Class A Unit and Class B Unitholders will receive accrued interest plus the Class B Present Value Amount in relation to each Class B Unit, each in an amount to be determined in accordance with the Trust Agreement.

QUANTUMONLINE.COM SECURITY DESCRIPTION:  MS Structured Asset Corp., SATURNS (Structured Asset Trust Unit Repackagings), Aon Capital Security Backed, Series 2003-3, 8.00% Class A Callable Units, issued in $25 denominations. Underlying securities are the 8.205% Trust Preferred Securities due 1/01/2027 issued by Aon Capital A, and guaranteed by Aon Corp. (NYSE: AOC). The SATURNS are redeemable anytime at the issuer's option on 30 to 60 days notice at $25 per unit plus accrued and unpaid dividends. On redemption, the issuer may be required pay the make-whole amount calculated at the time of redemption. If redeemed prior to 2/27/2008 the holders may receive an additional amount of up to $2.50 per unit. If the call rights under the Swap Agreement are exercised prior to 2/27/2008, each unit will receive an additional distribution of $1.50 per unit. Distributions of 8.00% ($2.00) per annum are paid semi-annually on 1/1 & 7/1 to holders of record on 15 days prior to the payment date. The company has the right, at any time, to defer interest payments for up to 10 consecutive semi-annual periods (but not beyond the maturity date). The trust's assets consist of the 8.205% Junior Subordinated Deferrable Interest Debentures due 1/01/2027 which were purchased from the company using the funds generated from the sale of the trust preferred securities. To be issued the units must be assigned a rating of at least BBB by S&P and Baa3 by Moody's. Units are expected to trade flat, which means accrued interest will be reflected in the trading price and the purchasers will not pay and the sellers will not receive any accrued and unpaid interest. On 11/8/02 MSDW Structured Asset Corp. changed their name to MS Structured Asset Corp. MS Structured Asset Corp. is a subsidiary of Morgan Stanley (NYSE: MS). See the IPO prospectus for further information on the SATURNS 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% $2.00	$25.00 $25.00	Called for 12/06/2010 1/01/2027	WR BBB- 10/21/2010	1/1 & 7/1 Click for MW ExDiv Date Click for Yahoo ExDiv Date	No

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

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Address:   1585 Broadway, New York, NY 10036
Main Phone Number	212-761-4000
Fax Number	Not Available