UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
______________________________ ------------------------------
FORM 8-K

CURRENT REPORT

PURSUANT Pursuant TOto SECTIONSection 13 OR 15(d) OFof THE

SECURITIESthe EXCHANGESecurities ACTExchange OFAct of 1934

Date of Report (Date of earliest event reported): AprilOctober 15, 2004

Structured Products Corp.

(Exact name of registrant as specified in its charter)

Delaware 001-32122 13-3692801
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification
incorporation or Number)
organization)

388 Greenwich Street, New York, New York 10013
(Address of principal executive offices) (Zip Code)
Registrant's telephone number including area code (212) 816-7496.

Item 1. Changes in Control of Registrant.

Not Applicable.

Item 2. Acquisition or Disposition of Assets.

Not Applicable.

Item 3. Bankruptcy or Receivership.

Not Applicable.

Item 4. Changes in Registrant's Certifying Accountant.

Not Applicable.

Item 5. Other Events.

The issuer of Check the appropriate box below if underlying securities, or guarantor thereof, or successor, thereto,
as applicable, the Form 8-K filing is subject intended to
simultaneously satisfy the informationfiling reportingobligation requirements of the Securities
Exchangeregistrant Actunder any of 1934, as amended (the
following "Exchange Act"). Periodic reports and otherprovisions:
information
[] Written requiredcommunications to be filed pursuant to theRule Exchange425 Act,under by the issuer of the
underlying securities, or guarantor thereof, or successor thereto, as applicable, may
be inspected and copied at the public reference facilities maintained by the
Securities andAct Exchange Commission (the "Commission") at 450 Fifth Street, N.W.,17CFR
Washington, D 230.C. 20549. The Commission also maintains a site on the World Wide Web425)
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.[] Soliciting Neithermaterial pursuant Structured
Products Corp. nor the trustee has participated in the preparation of such reporting
documents, or made any due diligence investigation with respect to theRule information
provided14a-12 therein.under Neither Structured Product Corp. nor the trusteeExchange hasAct verified the(17CFR
accuracy or completeness of such documents or reports. There can be no assurance that
events affecting the issuer of the underlying securities, or guarantor thereof, or
successor thereto, as applicable, or the underlying securities have not occurred or
have not yet been publicly disclosed which would affect the accuracy or completeness
of the publicly available documents described
above.

Item 6. Resignations of Registrant's Directors240.

Not Applicable.

Item 7. Financial Statements, Pro14a-Forma Financial Information and Exhibits.12)

[] Pre-commencement communications pursuant to Rule 14d-2(ab) Not Applicable.under the

Exchange Act (b)17CFR Not Applicable240.

14d-2(cb) Exhibits:)

1. Trustee's[] Pre-commencement communications Report with respect pursuant to the April 15, 2004 Distribution
Date for the TIERS Tens Certificates Trust LTR 1998Rule 13e-4(c) under the

Item 8. ChangeExchange inAct Fiscal(17CFR Year

Not Applicable240.13e-4(c))

Item 9. Regulation FD Disclosure 1

Not Applicable.

Section 8 -  Other Events

                                         SIGNATURESItem 8.01 Other Events.

      This current report on Form 8-K relates to a distribution  made to holders
      of the  Certificates  issued  by the  TIERS  Tens  Certificates  Trust LTR
      1998-4.
            Pursuant
      The  issuer  of  the  underlying  securities,  or  guarantor  thereof,  or
      successor thereto, as applicable,  is subject to the requirementsinformation reporting
      requirements  of the   Securities   Exchange   Act of 1934,  as amended  (the
Registrant      "Exchange  Act").  Periodic hasreports dulyand causedother  information  required thisto report be
      filed  pursuant  to the  Exchange  Act,  by the  issuer of the  underlying
      securities, or guarantor thereof, or successor thereto, as applicable, may
      be signedinspected onand itscopied behalfat the public reference  facilities  maintained by
      the Securities and Exchange  Commission  (the  "Commission")  at undersigned450 Fifth
thereunto      Street, dulyN.W., authorizedWashington, D.C. 20549. The Commission also maintains a site





                                        By      on the World Wide Web at  "http:    /s/www.sec.gov" Markat C.which Grahamusers can view and
                                        Name:      Markdownload  copies C.of Grahamreports,  proxy and  information  statements and other
                                        Title:     Authorized      information  filed  electronically  through Signatorythe Electronic Data Gathering,
      Analysis and Retrieval system.  Neither Structured  Products Corp. nor the
      trustee has  participated in the preparation of such reporting  documents,
      or made any due diligence  investigation  with respect to the  information
      provided therein.  Neither  Structured  Products Corp. 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,  or guarantor thereof, or successor thereto, as applicable, or
      the underlying  securities have not occurred or have not yet been publicly
      disclosed  which would affect the accuracy or completeness of the publicly
      available documents described above.











AprilSection 15,9- 2004Financial Statements and Exhibits



EXHIBITItem INDEX9.01 Financial Statements and Exhibits.

          (c)  Exhibits:
Exhibit                                                                    Page

                  1     .   Trustee's   Report   with   respect   to the April   October  15,   2004                6
                             Distribution Date for the TIERS Tens Certificates   Trust
         LTR LTR
                    1998-4


                                       2

Exhibit 1

To the Holders
of:
TIERS Tens Certificates, Series LTR 1998-4
*CUSIP: 871928BH9 SIGNATURES

U.S. Bank Trust National Association, as Trustee for the TIERS Tens Certificates
Trust

Pursuant LTR 1998-4, hereby gives notice with respect to the Distribution Daterequirements of
April 15, 2004 (the "DistributionSecurities Date")Exchange asAct follows:

1. The amount of 1934,
the registrant has distributionduly caused this payablereport to thebe Certificateholderssigned on the
Distributionits Datebehalf allocableby to principal and premium, if any, and interest,the
expressedundersigned ashereunto aduly dollar amount per $10 Certificate, is as set forth below:authorized.

Principal Interest Total Distribution
$ 0.000000 $ 0.350000 $ 0.350000

2. The amount of aggregate interest due and not paid as of the Distribution
Date By: /s/ isMark $0C.000000. Graham

3. Name: NoMark feesC. have been paid to the Trustee or any other party from theGraham
proceeds Title: Authorized of the Term Assets.Signatory

4. $10,000,000 aggregate principal amount of Loews Corporation 7% Senior
Notes due October 15, 2023 (the "Term Assets") are held for the above
trust.

5. At the close of business on the Distribution Date, 1,000,000 Certificates
representing $10,000,000 aggregate Certificate Principal Balance were
outstanding.

6. The current rating of the Term Assets is not provided in this report. Ratings can be
obtained from Standard & Poor's Ratings Services, a division of The McGraw-Hill
Companies, Inc., by calling 212-438-2400 and from Moody's Investors Service, Inc. by
calling 212-553-0377.

U.S. Bank Trust National
Association, as Trustee

*The Trustee shall not be held responsible for the selection or use of the CUSIP number nor
is any representation made as to its correctness. It is included solely for the
convenience
October of15, the Holders.2004

EXHIBIT INDEX


Exhibit                                                                    Page

   1     Trustee's Report with respect to the October 15, 2004              5
         Distribution Date for the TIERS Tens Certificates Trust
         LTR 1998-4


                                       4


                                 Exhibit 1

To the Holders of:
TIERS Tens Certificates, Series LTR 1998-4
*CUSIP:   871928BH9

U.S. Bank Trust National Association, as Trustee for the TIERS Tens Certificates
Trust LTR 1998-4,  hereby gives notice with respect to the Distribution  Date of
October 15, 2004 (the "Distribution Date") as follows:

1.   The amount of the  distribution  payable to the  Certificateholders  on the
     Distribution Date allocable to principal and premium, if any, and interest,
     expressed as a dollar amount per $10 Certificate, is as set forth below:

           Principal        Interest         Total Distribution
           $  0.000000      $ 0.350000       $ 0.350000

2.   The amount of aggregate  interest  due and not paid as of the  Distribution
     Date is $0.000000.

3.   No fees have been paid to the Trustee or any other party from the  proceeds
     of the Term Assets.

4.   $10,000,000 aggregate principal amount of Loews Corporation 7% Senior Notes
     due October 15, 2023 (the "Term Assets") are held for the above trust.

5.   At the close of business on the Distribution Date,  1,000,000  Certificates
     representing  $10,000,000  aggregate  Certificate  Principal  Balance  were
     outstanding.

6.   The  current  rating of the Term  Assets is not  provided  in this  report.
     Ratings can be obtained from Standard & Poor's Ratings Services, a division
     of The  McGraw-Hill  Companies,  Inc.,  by  calling  212-438-2400  and from
     Moody's Investors Service, Inc. by calling 212-553-0377.

U.S. Bank Trust National Association, as Trustee


*The Trustee shall not be held responsible for the selection or use of the CUSIP
number nor is any  representation  made as to its  correctness.  It is  included
solely for the convenience of the Holders.

Filing Compare · STRUCTURED PRODUCTS CORP TIERSSM TENS CERTS SER LTR 1998-4