SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) ~~of the~~

of the Securities Exchange Act of 1934

~~June~~December 15, 2016

Date of report (Date of earliest event reported)

~~Lehman~~Commission ~~ABS Corporation,~~File onNumber ~~behalf~~ of issuing entity: 001-31975

~~Corporate~~Central ~~Bond-Backed~~Index ~~Certificates,~~Key ~~Series~~Number ~~1998-ADM-1~~of ~~Trust~~issuing entity: 0001059377

Delaware	001-31975	13-3447441
(State or Other Jurisdiction	(Commission File	(I.R.S. Employer
of Incorporation)	File Number)	Identification No.)

Corporate Bond-Backed Certificates,

~~1271~~Series ~~Avenue~~1998-ADM-1 ofTrust ~~Americas 10020 (Zip Code) New York, New York (Address of Principal Executive Offices)~~

(Exact name of issuing entity as specified in its charter)

Commission File Number of depositor: 001-11661

Central Index Key Number of depositor: 0000829281

Lehman ABS Corporation

(Exact name of depositor as specified in its charter)

Delaware

(State or Other Jurisdiction of Incorporation of the issuing entity)

13-3447441

(I.R.S. Employer Identification No.)

1271 Avenue of Americas

New York, New York, 10020

(Address of Principal Executive Offices of issuing entity)

(646) 285-9000

(Registrant’s Telephone Number, Including Area Code)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the ~~registrant~~Registrant under any ~~following~~ following provisions (see General Instruction A.2. below):

¨☐ Written communications pursuant to Rule 425 under the Securities act (17 CRF 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-122(b))

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

The Corporate Bond-Backed Certificates, Series 1998-ADM-1 Trust, which we refer to herein as the “Trust” was formed pursuant to the Standard Terms for Trust Agreements, dated as of February 25, 1998, as supplemented by the Series Supplement in respect of the Trust dated as of March 30, 1998.

The Depositor is a wholly-owned, indirect subsidiary of Lehman Brothers Holdings Inc. (“LBHI”). On September 15, 2008 and periodically thereafter, LBHI and certain of its subsidiaries (collectively, the “Debtors”) commenced voluntary cases under chapter 11 of title 11 of the United States Code with the United States Bankruptcy Court for the Southern District of New York (the “Bankruptcy Court”) (jointly administered proceedings, In re Lehman Brothers Holdings Inc. et al., Case Number 08-13555). LBHI and Lehman Brothers Inc., have sold since September 15, 2008 significant businesses, including the sale on September 21, 2008 of the investment banking business to Barclays Capital Inc., which business included the employees who historically conducted the Registrant’s business.

On December 6, 2011, the Bankruptcy Court entered an order (the “Confirmation Order”) confirming the Modified Third Amended Joint Chapter 11 Plan of Lehman Brothers Holdings Inc. and its Affiliated Debtors (the “Plan”). The Plan and the Confirmation Order were attached as Exhibit 2.1 and Exhibit 2.2, respectively, to LBHI’s Current Report on Form 8-K filed with the Securities and Exchange Commission on December 14, 2011. LBHI’s Current Report on Form 8-K filed with the Securities and Exchange Commission on December 14, 2011 contains a summary of the Plan.

On March 6, 2012 (the “Effective Date”), the Plan became effective and a notice of the Effective Date of the Plan (the “Notice of Effective Date”) was filed with the Bankruptcy Court.

Item 8.01. OTHER EVENTS

On ~~June~~December 15, 2016, distributions were made to the holders of the certificates ~~issued~~ issued by the Trust. Specific information with respect to the distributions is filed as Exhibit 99.1 hereto.

No other reportable transactions or matters have occurred during the current reporting period.

Archer-Daniels-Midland Company, the issuer of the underlying securities, is subject to the information reporting requirements of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). For more information on Archer-Daniels-Midland Company please see its periodic and current reports report filed with the Securities and Exchange Commission (the “Commission”) under the issuer’s Exchange Act file number, 001-00044. 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 pursuant to the Exchange Act by the issuer of the underlying securities may be accessed on this site. Neither Lehman ABS 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 Lehman ABS nor the Trustee has verified the accuracy or completeness of such documents or reports. There can be no assurance that events affecting Archer-Daniels-Midland Company 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 9.01. FINANCIAL STATEMENTS AND EXHIBITS

(d)	The following exhibit was filed as part of this report:

99.1 Trustee’s Distribution Statement to the Corporate Bond-Backed Certificates, Series 1998-ADM-1 Trust for the period ending ~~June~~December 15, 2016.

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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.

Date: ~~June~~December 22, 2016


Lehman ABS Corporation, as Depositor for the Trust (the “Registrant”)


By:		/s/ Clifford S. Feibus
		Name: Clifford S. Feibus
		Title: Senior Vice President and Controller

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EXHIBIT INDEX

ExhibitNumber		Description
99.1		Trustee’s Distribution Statement to the Corporate Bond-Backed Certificates, Series 1998-ADM-1 Trust for the period ending ~~June~~December 15, 2016.

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