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): ~~August~~May 12, ~~2006~~2007

Structured Products Corp.,

on behalf of

CorTS Trust II for Chrysler Debentures

(Exact name of registrant as specified in its charter)

Delaware	001-32099	13-3692801
(State or other jurisdiction of incorporation or organization)	(Commission File Number)	(IRS Employer Identification Number)

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.

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17CFR 240.13e-4(c))

Section 8 - Other Events

Item 8.01 Other Events.

This current report on Form 8-K relates to a distribution made to holders of the Certificates issued by the CorTS Trust II for Chrysler Debentures.

The issuer of the underlying securities, or guarantor thereof, or successor thereto, as applicable, is subject to the information reporting requirements of the Securities Exchange Act of 1934, as amended (the "Exchange Act"). Periodic reports and other information required to be filed pursuant to the Exchange Act, 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 and Exchange Commission (the "Commission") at 450 Fifth Street, N.W., Washington, D.C. 20549. The Commission also 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. 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.

Underlying Securities Issuer(s) or Guarantor, or successor thereto

Exchange Act File Number

DaimlerChrysler AG

001-14561

Section 9 - Financial Statements and Exhibits ~~Item 9.01 Financial Statements and Exhibits. (c) Exhibits: 1. Trustee’s Report with respect to the August 1, 2006 Distribution Date for the CorTS Trust II for Chrysler Debentures~~

2Item 9.01 Financial Statements and Exhibits.

~~SIGNATURES~~(c) Exhibits:

~~Pursuant~~1. Trustee’s toReport ~~the~~with ~~requirements~~respect ofto the ~~Securities~~May ~~Exchange Act of 1934~~2, ~~the~~2007 ~~registrant~~Distribution ~~has~~Date ~~duly~~for ~~caused~~the ~~this~~CorTS ~~report~~Trust toII befor ~~signed~~Chrysler ~~on its behalf by the undersigned hereunto duly authorized.~~Debentures

~~By: /s/ John W. Dickey Name: John W. Dickey Title: Authorized Signatory~~2

~~August 1, 2006~~SIGNATURES

3Pursuant 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 hereunto duly authorized.

~~EXHIBIT~~By: ~~INDEX~~/s/ John W. Dickey Name: John W. Dickey Title: Authorized Signatory

Exhibit		Page
1	Trustee’s Report with respect to the August 1, 2006 Distribution Date for the CorTS Trust II for Chrysler Debentures	5

May 2, 2007

~~Exhibit~~EXHIBIT 1INDEX

To the Holders of:
Exhibit		Page
CorTS Trust II for Chrysler Debentures
1	Trustee’s Report with respect to the May 2, 2007 Distribution Date for the CorTS Trust II for Chrysler Debentures	5
Daimler Chrysler 7.875% Corporate-Backed Trust Securities (CorTS) Certificates
*CUSIP:	22081L208

U.S. Bank Trust National Association, as Trustee for the CorTS Trust II for Chrysler Debentures, hereby gives notice with respect to the Distribution Date of August 1, 2006 (the “Distribution Date”) as follows:4

1.Exhibit 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 $25 Certificate, is as set forth below:1

Principal		Interest		Total Distribution
To the Holders of:
$	0.000000	$	0.984375	$	0.984375
CorTS Trust II for Chrysler Debentures
Daimler Chrysler 7.875% Corporate-Backed Trust Securities (CorTS) Certificates
*CUSIP:	22081L208

2U.S. ~~The~~Bank ~~amount~~Trust ofNational ~~aggregate~~Association, ~~interest~~as ~~due~~Trustee ~~and~~for ~~not~~the ~~paid~~CorTS asTrust II for Chrysler Debentures, hereby gives notice with respect to the Distribution Date of May 2, 2007 (the “Final Distribution Date”) isas ~~$0.000000.~~follows:

31. NoThe ~~fees~~amount ~~have~~of ~~been~~the ~~paid~~final distribution payable to the ~~Trustee~~Certificateholders oron the Final Distribution Date allocable to principal and premium, if any, ~~other~~and ~~party~~interest, ~~from~~expressed ~~the~~as ~~proceeds~~a ofdollar ~~the~~amount ~~Term~~per ~~Assets.~~$25 Certificate, is as set forth below:

4. $75,000,000 aggregate principal amount of DaimlerChrysler Corporation, f/k/a Chrysler Corporation, 7.4% Debentures due August 1, 2097 (the “Term Assets”) are held for the above trust.

Principal		Interest		Total Distribution
$	25.000000	$	0.49765625	$	25.49765625

52. AtThe ~~the~~amount ~~close~~ of ~~business~~aggregate oninterest ~~the~~due ~~Distribution~~and ~~Date,~~not ~~2,819,047~~paid ~~Certificates~~as ~~representing~~of ~~$70,476,175~~the ~~aggregate~~Distribution ~~Certificate~~Date ~~Principal~~is ~~Balance were outstanding~~$0.000000.

63. ~~The~~No ~~current~~fees ~~rating~~have ofbeen ~~the~~paid ~~Term~~to ~~Assets~~the isTrustee ~~not~~or ~~provided~~any inother ~~this~~party ~~report. Ratings can be obtained~~ from ~~Standard~~the &proceeds ~~Poor’s Ratings Services, a division~~ of ~~The~~the ~~McGraw-Hill~~Term ~~Companies, Inc~~Assets.~~, by calling 212-438-2400 and from Moody’s Investors Service, Inc. by calling 212-553-0377.~~

U4.S $75,000,000 aggregate principal amount of DaimlerChrysler Corporation, f/k/a Chrysler Corporation, 7.4% ~~Bank~~Debentures ~~Trust~~due ~~National~~August ~~Association~~1, as2097 ~~Trustee~~(the “Term Assets”) are held for the above trust.

*The5. ~~Trustee~~At ~~shall not be held responsible for~~ the ~~selection~~close orof ~~use~~business ofon the ~~CUSIP~~Distribution ~~number~~Date, ~~nor~~0 isCertificates ~~any~~representing ~~representation~~$0 ~~made~~aggregate asCertificate toPrincipal ~~its~~Balance ~~correctness. It~~were ~~is included solely for the convenience of the Holders~~outstanding.

56. 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 for the convenience of the Holders.

Filing Compare · STRUCTURED PRODUCTS CORP CORTS TR II FOR CHRYSLER DEBENTURES