January 10, 2007 -- U.S. Bank Trust National Association, as Trustee, under the Base Trust Agreement dated as of December 15, 2000, as supplemented by the CorTS Supplement as supplemented by the CorTS Supplement 2001-24 dated as of May 31, 2001, between Structured Products Corp. and U.S. Bank Trust National Association, as Trustee. The Trustee has received notice that Great Western Financial Trust II has elected to redeem the term assets of the trust on February 1, 2007. The Trustee has also received notice that the Call Warrant Holder has exercised its right to purchase the term assets of the trust on the Redemption Date. If the Trustee receives the redemption payment on the Redemption Date, then the Class A Certificates issued by the CorTS Trust for Great Western Financial Trust II will be redeemed in full on the Redemption Date at a price of $25.00 per Certificate and the Class B Certificates will be retired on the Redemption Date. On February 1, 2007 interest on the certificates will be paid to holders of record in the usual manner. No interest will accrue on the Certificates after the Redemption Date. If the Trustee does not receive the redemption payment, then Certificates referenced in the redemption notice will not be redeemed. This press release is being issued by U.S. Bank Trust National Association as trustee of the Trust. For more information about these redemptions, please contact Janet O'Hara of U.S. Bank Trust National Association at 212-361-2527.

QUANTUMONLINE.COM SECURITY DESCRIPTION:  Structured Products Corp., 7.625% CorTS (Corporate-Backed Trust Securities) Class A Certificates, principal amount $25 per certificate, issued by CorTS Trust for Great Western Financial Trust II, the Trust. The underlying securities of the CorTS trust are the 8.206% Capital Securities, Series A due 2/01/2027 issued by Great Western Financial Trust II and guaranteed by Washington Mutual (NYSE: WM). The assets of the underlying capital securities trust are the 8.206% Subordinated Deferrable Interest Debentures due 2/01/2027 which were purchased from Washington Mutual using the funds from the sale of the Capital Securities. The CorTS certificates will pay 7.625% ($1.90625) distributions semiannually on 2/1 & 8/1 to holders of record on the day immediately prior to the payment date. The CorTS certificates are redeemable under the call warrants on or after 2/01/2007 at $25 per share plus accrued and unpaid dividends. The issuer has the right, at any time, to defer interest payments for up to 10 consecutive semiannual periods (but not beyond the maturity date). The certificates must be rated at least A3 by Moody's and BBB- by S&P to be issued. 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. See the IPO prospectus for further information on the CorTS Certificates by clicking on the ‘Link to IPO Prospectus’ provided below. Structured Products Corp. is an indirect, wholly-owned subsidiary of Citigroup Global Markets Holdings Inc., formerly Salomon Smith Barney Holdings, a member of Citigroup (NYSE: C).

Stock Exchange	Cpn Rate Ann Amt	LiqPref CallPrice	Call Date Matur Date	Moodys/S&P Dated	Distribution Dates	15% Tax Rate
NYSE Chart	7.63% $1.90625	$25.00 $25.00	Called for 2/01/2007 2/01/2027	Baa1 BBB 12/15/2005	2/1 & 8/1 Click for MW ExDiv Date Click for Yahoo ExDiv Date	No

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Address:   388 Greenwich Street, New York, NY 10013
Main Phone Number	212-816-7496
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