UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the

Securities Exchange Act of 1934

Date of report (Date of earliest event reported): ~~November~~ December 151, 2010

SYNTHETIC FIXED-INCOME SECURITIES, INC.

ON BEHALF OF:

STRATSSM TRUST FOR DAIMLERCHRYSLER NA HOLDING SECURITIES, SERIES 2004-10

(Exact Name of Registrant as Specified in Its Charter)

Delaware	333-111858-05	52-2316339
	001-32281
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(I.R.S. Employer Identification No.)

Synthetic Fixed-Income Securities, Inc.
301 South College
Charlotte, North Carolina	28288
(Address of Principal Executive Offices)	(Zip Code)

Registrant’s telephone number, including area code: (212) 214-6282

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any 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(b) under the Exchange Act (17 CFR 240.14a-12(b))

[ ]	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))

The STRATSSM TRUST FOR DAIMLERCHRYSLER NA HOLDING SECURITIES, SERIES 2004-10, which we refer to herein as the “Trust,” was formed pursuant to the Base Trust Agreement, dated as of September 26, 2003, between Synthetic Fixed-Income Securities, Inc., as ~~depositor~~trustor, and U.S. Bank Trust National Association, as trustee and securities intermediary, as supplemented by the STRATSSM Certificates Series Supplement 2004-10 in respect of the Trust dated as of August 6, 2004 (we refer herein to the Base Trust Agreement as so supplemented by such Series Supplement as the “Trust Agreement”).

Item 8.01. OTHER EVENTS

OnThe ~~November~~Trustor 15of the STRATSSM Certificates, ~~2010~~Series ~~distribution~~2004-10, ~~was~~CUSIP ~~made~~# 86311U205 and New York Stock Exchange Symbol GJL (the “Certificates”), has determined that an SEC Reporting Failure (as defined in the Trust Agreement) has occurred due to Daimler AG, which is the ~~holders~~guarantor of the ~~certificates~~Underlying ~~issued~~Securities held by the Trust, having terminated its obligations to file periodic reports under the Securities Exchange Act of 1934. ~~Specific~~Because ~~information~~an ~~with~~SEC ~~respect~~Reporting toFailure under the ~~distribution~~Trust isAgreement ~~filed~~occurred, asthe ~~Exhibit~~Trust 99will terminate following liquidation of the assets of the Trust.1 The assets ~~hereto~~of the Trust consist of $680,000 aggregate principal amount of 6.50% Notes due November 15, 2013 (the “Underlying Securities”) issued by DaimlerChrysler North America Holding Corporation and the rights of the Trust under a Swap Agreement to which the Trust is a party.

NoOn ~~other~~December ~~reportable~~1, ~~transactions~~2010, ora bids ~~matters~~were ~~have~~solicited ~~occurred~~for ~~during~~the Underlying Securities in accordance with the ~~current~~Trust ~~reporting~~Agreement ~~period~~and the Swap Agreement was terminated in accordance with its terms. The proceeds from the sale of the Underlying Securities will be distributed in accordance with the Trust Agreement, first to payments to the Swap Counterparty in connection with the termination of the Swap Agreement, and second to holders of the Certificates an amount in liquidation of and as payment in full of the Certificates, which amount is expected to be $26.033314 ($25.00 per Certificate, .99163 premium and .043151 accrued interest per Certificate).

~~Daimler~~The ~~AG,~~final ~~the~~distribution ~~guarantor of the underlying securities, has made filings pursuant~~ to ~~the~~Certificate ~~information~~holders ~~reporting requirements of the Securities Exchange Act of 1934, as amended (the “Exchange Act”) (the issuer of the underlying securities~~ is ~~Daimler~~expected Finance North America LLC as successor issuer and in substitution under the underlying securities indenture for DaimlerChrysler North America Holding Corporation). For information on Daimler AG please see its periodic and current reports filed with the Securities and Exchange Commission (the “Commission”) under its Exchange Act file number, 001-14561. The Commission maintains a site on the World Wide Web at “http://www.sec.gov” at which users can view and download copies of reports, proxy and information statements and other information filed electronically through the Electronic Data Gathering, Analysis and Retrieval system, or “EDGAR.” Periodic and current reports and other information required to be ~~filed~~made ~~pursuant to the Exchange Act by Daimler AG may be accessed~~ on ~~this site. Neither Synthetic Fixed-Income Securities~~Tuesday, ~~Inc.~~December ~~nor the Trustee has participated in the preparation of such reporting documents~~7, ~~or made any due diligence investigation with respect to the information provided therein~~2010. ~~Neither~~Following ~~Synthetic Fixed-Income Securities, Inc. nor~~ the ~~Trustee has verified the accuracy or completeness of such documents or reports. There can be no assurance that events affecting the issuer of the underlying securities~~distribution, the ~~guarantor~~Trust ofwill ~~the~~terminate ~~underlying~~and ~~securities, or~~ the ~~underlying~~Certificates ~~securities~~will ~~themselves~~be ~~have not occurred or have not yet been publicly disclosed which would affect the accuracy or completeness of the publicly available documents described above~~canceled.

Item 9.01. FINANCIAL STATEMENTS AND EXHIBITS

99.1 Trustee’s Distribution Statement to the STRATSSM Certificates, Series 2004-10 for November 15, 2010 Scheduled Distribution Date.

SIGNATURE

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 thereunto duly authorized.

	Synthetic Fixed-Income Securities, Inc.

	By:	/s/ John Bellissimo
	Name:	John Bellissimo
	Title:	Director

Date: ~~November~~December 151, 2010

EXHIBIT INDEX

Exhibit Number	Description
99.1	Trustee’s Distribution Statement to the STRATSSM Certificates, Series 2004-10 for November 15, 2010 Scheduled Distribution Date.

Filing Compare · STRATS SM TRUST FOR DAIMLERCHRYSLER NA HOLDING SECURITIES SERIES 2004-10